Since its inception in mid-2020, Compound has grown a healthy 130%. This trend has followed the broader crypto market, which has increased rapidly in size and value over the past few years.

In this article, we will cover where to buy Compound coin safely with low fees in 2022. Read on to find out more.

Where to buy Compound Coin in 2022

Compound Coin has a £715m market cap. Due to this size, it is available on most crypto brokers. To save you the time of researching brokers, we have put together a list of top crypto brokers to buy Compound Coin with today.

1. eToro – Best Crypto Exchange with Low Fees

2. Binance – The world’s largest crypto exchange.

3. Coinbase – Best Crypto Exchange for Beginners

4. Webull – Popular Crypto Exchange with $0 Minimum Deposit

5. Bittrex – Trade Compound with next-level security.

Where to Buy Compound Coin – Top Exchanges Reviewed

Now we have shown you our top 5 list of best places to buy Compound Coin, we will take a more in-depth look at each.

1. eToro – Best Crypto Exchange with Low Fees

Our number one broker pick is eToro. This is because it lets you buy cryptocurrency easily and securely. It gives investors access to over 2000 financial assets, including 30 cryptocurrencies. Being FCA Regulated, eToro funds are covered by the FSCS Scheme.

eToro supports social trading. This allows you to share trade ideas with 20 million other users. In addition to this, you gain access to eToro’s copy trader tool, which allows you to copy some of the platform’s best-performing traders and their portfolios.

Using the copytrading or copyportfolio feature comes with no management fees.

It is quick and straightforward to set up an account. This can be done by visiting the official website at the links below. Signup can be completely using email, Google Plus or a Facebook account.

>>> Buy Compound on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Binance – Best Crypto Exchange with High Liquidity

Another well-known crypto exchange is Binance, founded in 2017. It gives investors access to a whopping 500 crypto pairs whilst also offering investors access to more advanced trading tools and indicators. This allows swing traders and day traders to perform technical analysis (TA) and predict future price moves.

Another great point about Binance is that it has a 24/7 customer care line. If any problems are encountered when setting up an account, simply reach out to them and your query should be solved.

>>> Buy Compound on Binance

Invest responsibly.

3. Coinbase – Best Crypto Exchange for Beginners

Coinbase is another hugely popular crypto exchange, sporting over 100 tradable coins. It can be downloaded on both IOS and Android and is also available via the website.

Coinbase accounts are quick and easy to set up by visiting the website and entering some basic personal details. You will also be given a crypto wallet recovery key which you must remember in order to access your account on different devices.

>>> Buy Compound on Coinbase

Invest responsibly.

4. Webull – Popular Crypto Exchange with $0 Minimum Deposit

Webull is also one of the best places to buy Compound Coin. Similar to eToro, it charges zero commission, making it a cost-effective broker to trade through. There is also no minimum amount to invest, which is a great point to note.

If you are looking for a personalised trading experience, then Webull could be the platform for you. It allows investors to customise their accounts based on their investment style. In addition to this, you can trade equities in extended hours, which is a great feature for more active traders.

>>> Buy Compound on Webull

Invest responsibly.

5. Bittrex

Our fifth and final broker pick is Bittrex. Built with multiple layers of protection, Bittrex prides itself on being one of the most secure crypto brokers on the market. In addition to this, third-party trading support allows Bittrex to allow fast trading even in the busiest market conditions.

Bittrex commission is calculated via trade size. Investors can expect commission anywhere in the range of 0.2%-0.5% per trade.

What is Compound Crypto?

Compound is an Ethereum token that provides the ability to earn interest on cryptos. This is done via crypto staking which allows users to supply and borrow Ethereum tokens at variable interest rates. In addition to this, COMP token holders can debate, propose, and vote on changes in the protocol.

The yield on the crypto you deposit is based on the amount you supply/borrow. It also comes in two forms: interest in the form of cTokens, and also rewards in the form of native COMP tokens. Either way, investors can learn how to mine Compound coin with the click of a button.

>>> Buy Compound on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Compound Coin Price

The current price of Compound Coin is £113. Since its inception in mid-2020, it has risen in value over 130%, granting high ROI gains to early investors.

Earn interest on crypto

One reason buy COMP is that Compound gives you the ability to earn interest on your cryptos. If you already have cryptocurrency in your wallet then evidently this is a great way to earn some passive income, similar to the way that stocks pay dividends.

Risks of Compound Coin

A risk of Compound Coin is that its interest is heavily reliant on the price of popular cryptos. For instance, if the price of Ethereum drops by 25% then you will receive 25% less in real interest returns. The volatile nature of the crypto market could mean that these interest payments could fluctuate highly throughout the year.

The Verdict – Should I buy Compound Coin?

Any trader wouldn’t say no to some extra passive income. Therefore, it seems like buying Compound Coin, or opening a Compound Wallet would be an excellent idea to top up your portfolios. However, investors need to be aware that the interest payments may not be consistent.

>>> Buy Compound on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Compound Coin Price Prediction

Predicting the price of such a volatile asset like cryptocurrency is very hard. However, decentralized payments infrastructure holds massive real-world utility. As the world adopts moves towards decentralized finances, projects such as Compound Coin are well places to grow.

In addition to this, the unique feature of Compound – that is allowing investors to earn interest on their cryptos – is a very unique feature. This could draw in investors, creating a larger demand for the coin, and hence increase the price further down the line.

>>> Buy Compound on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Compound Coin – Tutorial

We have already had a look at where to buy COMP token. However, we are now going to take you through a step-by-step process on how to buy Compound Coin with our chosen broker eToro.

Step 1: Set up your eToro account

The first step is to set up your eToro account. This can be done quickly and easily via eToro.com. Simply follow the onscreen prompts and enter some personal details.

Step 2: Verify your eToro account

Now you have set up an account, you must verify it. To do this, you need to upload a UK driver’s license and proof of address. eToro aims to have these verified within minutes.

Step 3: Deposit funds

The next stage is to deposit funds into your account. This can be done using credit/debit card, bank transfer, or e-wallets such as Paypal and Skrill

Step 4: Search for Compound Coin & Buy

Simply search for Compound Coin using the eToro search bar and click ‘Trade’. Then fill out the order form to complete your purchase.

>>> Buy Compound on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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