Buy Compound COMP

Easily and securely buy Compound with the best crypto platform in Europe.

  • Lowest trading fees: 0.15%
  • Buy COMP with iDEAL, Bancontact or SEPA
  • Maximum safety with Proof of Reserves
Compound COMP
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What is Compound (COMP)?

Compound (COMP) is a Decentralized Financial (DeFi) protocol where users can lend and borrow cryptocurrencies without intermediaries like a traditional financial institution (such as a bank). The Compound platform is built on the Ethereum blockchain and utilizes smart contracts to automate the lending and borrowing processes between users. COMP is the governance token of the protocol, which means that holders can propose and vote on changes to the system. This allows COMP holders to actively contribute to the community and the protocol.

Buy Compound with Finst.
Maximum security. Ultra-low fees.

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Buy Compound with your favorite order type

  • Market order

    Buy Compound instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

    Set your maximum price for Compound. Your order will be executed when your limit price is reached on the market

  • Auto Invest

    Automate your crypto purchases on a daily, weekly, bi-weekly, or monthly basis.

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FAQ

  • How to buy Compound?

    Follow the steps below to easily and securely buy Compound.

    1. Sign up

      Create an account with a reputable crypto platform like Finst.

    2. Deposit EUR

      Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

    3. Start investing

      Buy Compound and securely store it on our platform.

  • Can I automatically invest in Compound on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Compound without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

  • What fees do I need to pay when buying Compound?

    When you buy Compound through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

    Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

    It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

    This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

  • Which order types can I use to buy Compound?

    At Finst, we support several order types to buy Compound: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy Compound instantly at the best available market price.

    - Do you want to buy Compound at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Compound. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in Compound without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

  • Can I use limit order to buy Compound?

    Yes, on our platform, you can easily buy Compound with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Compound reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

  • Is it safe to buy Compound?

    Yes, it is safe to buy Compound through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Is it legal to buy Compound?

    Yes, buying Compound is legal in Europe. However, we advise you to do your own research before making a purchase.

  • Can I buy Compound anonymously?

    No, due to laws and regulations, it is not possible to buy Compound or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

  • Can I buy Compound with iDEAL?

    Yes, at Finst, you can easily buy Compound with iDEAL. We also support popular payment methods like SEPA and Bancontact.

  • Do you have to buy one Compound?

    At Finst, you can start investing in Compound with as little as €1. For many coins, it is not necessary to buy a whole coin.

  • What are the risks of investing in Compound?

    Investing in cryptocurrencies like Compound involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Compound, it is important to understand the risks.

    Volatility: The price of Compound can fluctuate significantly. This means that its value can rise and fall quickly.

    No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

    External factors: The price of Compound is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

  • How to store Compound?

    You can securely store your Compound in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

    We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Compound. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

    Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Can I send my Compound to an external wallet?

    Yes, you can send your Compound to an external wallet. With Finst, you can easily send your Compound to a hardware or a software wallet.

  • Can I store Compound on a hardware wallet?

    Yes, you can store Compound (COMP) on hardware wallets such as Ledger or Trezor.

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How does Compound (COMP) work?

The Compound platform operates through a complex algorithm that allows users to deposit their crypto into liquidity pools. Liquidity pools are groups of coins from various investors that enable trading without a third party on DeFi applications. In return, users receive cTokens (such as cETH or cDAI), which represent their share in the pool. Interest is generated based on the share, and the earned interest is automatically reinvested, allowing returns to grow over time. The protocol determines interest rates based on supply and demand: when demand is high, interest rates increase, and when demand is low, interest rates decrease.

In addition to earning interest, users can also borrow cryptocurrencies by providing collateral. The maximum borrowing amount depends on the loan-to-value (LTV) ratio. The more a user deposits, the more they can borrow. However, if the value of the collateral drops too much, the protocol can automatically liquidate loans to maintain system solvency.

The Compound protocol operates entirely on-chain and without intermediaries. Users are not dependent on a central entity to process transactions, making the system more transparent and secure.

Who are the founders of Compound?

Compound was founded in 2017 by Robert Leshner, a former financial analyst, and Geoffrey Hayes, an experienced software developer. Together, they aimed to replace traditional lending and savings products with a Decentralized Financial (DeFi) protocol by leveraging blockchain technology. Compound is one of the first projects to successfully implement the concept of decentralized lending and borrowing services.

Compound Labs Inc. is the company behind the cryptocurrency. Since its inception, the company has attracted major investors in various funding rounds, including Andreessen Horowitz, Polychain Capital, and Bain Capital Ventures. In 2020, COMP was launched, marking the full decentralization of the protocol, as decision-making is now in the hands of the community instead of the company.

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