How to Buy Compound

Best places to buy compound

Where to buy compound cryptocurrencyIf you are looking to buy compound then check out the prices at these exchanges which all accept customers from United States. Prices can vary quite significantly between exchanges and are constantly changing so the below is just a guide from the last few minutes. For more information on these exchanges and other exchanges for buying compound or other cryptocurrencies in United States then please scroll down to the Exchanges Info Section which highlights the differences between them.

Buying compound in United States

Buying compound in United StatesThe United States is progressively regulating the crypto sphere. However, there seems to be some split in approach to cryptocurrency. On one hand, some states continue to pass laws which aim to stimulate the economy, attract investment, or encourage tech development, while others have either passed restrictive crypto asset and investment regulations, or have suggested to do so. The state of New York, for example, requires companies to acquire “BitLicenses” in order to operate virtual currency businesses, and even issued a “greenlist” of accepted virtual currencies. On a federal level, there is a large amount of crypto regulation from various bodies, meaning lots of overlapping jurisdictions and different opinions on crypto. Although U.S. crypto banking seems undeveloped, it is making slow progress. A large crypto exchange, Kraken, stated that it became the first U.S. digital asset company with a bank charter, recognized under both federal and state law, in 2020.
As of 20/03/2021

Compound (COMP) Key Data
Price $
541.7189
24hr %
-14.90%
Mkt Cap $
1,981.25b
24hr High
597.0000
24hr Low
454.1000
COMP tokens are mainly used for protocol governance. COMP holders can suggest, debate, and implement changes to Compound - without relying on, or requiring, the Compound team whatsoever. COMP also allows its owner to delegate voting rights to an address of their choice. Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets.
Compound on WebsiteCompound on TwitterCompound on RedditCompound on MediumCompound on Discord

Exchanges Info

These exchanges all accept customers from United States. While they broadly offer the same services and you can buy compound at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
BrandBrand
CoinsCoins
SecuritySecurity
UsabilityUsability
AppApp
ServiceService