Compound coin, otherwise known as COMP, is a rising Ethereum-based token that predominantly aims to facilitate lending pools. The community-governed cryptocurrency was launched in late 2018 and has gained significant traction. As a result, many investors are looking at how and where to buy Compound coin.

This guide will cover the fundamentals of what Compound coin is, its benefits and price prediction, along with a tutorial on how and where to buy Compound coin. Let’s start with the How:

How to Buy Compound coin – Quick Steps

If you’re for a quick guide on how to buy COMP, start here with these four simple steps. 

  • Step 1: Open an Account – First and foremost, you’re going to need an trading account in order to make investments. Enter your personal information and choose a username. You will need to upload ID unless you’re using a demo account.
  • Step 2: Your next step is to deposit some funds into your platform of choice to use for the investment.
  •  Step 3: Search for Compound – Step 3 is to search for Compound coin. Simply type “compound” into the top search box and click on COMP when it appears. If you click directly on the ‘Trade’ button, you will be taken directly to the trading window.
  • Step 4: Buy – Finally, enter the amount you wish to purchase of Compound coin, or the units, and click the ‘Open Trade’ button to complete your first purchase.

Where to Buy Compound Coin

Compound coin may only be a few years old but it has entered the top 90 coins in terms of market capitalization and is now being traded on many of the top crypto exchanges – you’re in no shortage of choice. But this leaves many investors wondering how to buy Compound crypto in 2022. 

Below you will find reviews on the top platforms on which you can buy Compound coin online.

1. – Buy Compound Coin With Free, Easy Deposits logo is a cryptocurrency exchange that is based in Singapore. Since its launch in 2016 it has grown to become a top 10 exchange in terms of daily trade volume. Whilst it has fewer markets and coins available than its top 10 competitors, it’s a strong contender for a one-stop shop.

The first thing that stands out about is the easy, free deposits – something that can’t be said for all exchanges. Up to $50,000 can be deposited per day for free. However, its biggest advantage is its facilitation of other features and products, like earning interest through staking. Given that Compound coin is centered on earning interest through lending pools, has its strengths in the right places here.

It should be pointed out that there is a 2.99% charge on debit/credit card purchases, but this is often waivered for 30 days with new account signups. Commission is 0.4% whether you’re buying any coin at Plus, CRO is a native token to which can mean paying even less commission in exchanges. Exchange

Money aside, has strong security and a strong reputation. It can be difficult sometimes to navigate, but it’s not as complicated as Binance. One key disadvantage of using is the reportedly poor customer service, which can be a deal-breaker when significant amounts of money is involved. Furthermore, they fail to provide many educational resources for beginner crypto investors.

Cryptoassets are a highly volatile unregulated investment product.

2. Coinbase – Buy Compound Coin With a Beginner-Friendly Exchange

coinbase logo

Coinbase is second only to Binance when it comes to crypto trading volume, making it one of the first platforms to be recommended online. The unique value proposition put forward by Coinbase is that it is exceedingly easy to use and friendly for beginners.

Coinbase has an easy signup process that requires identification and 2-factor authentication. The account minimum is a shockingly low $2, and there are even some promotional offers for signing up. With only 169 coins, it has a surprisingly low amount of choice for a dedicated crypto exchange that facilitates over $3 billion in transfers per day – but Compound coin among other high-cap coins can easily be found.

The user interface of the app and website is extremely simple and intuitive. Your portfolio is nicely displayed on the home page and finding new coins to invest in is fast. Fees are higher than most other top crypto exchanges, ranging between 0.5% and 4.5% depending on the size and type of transaction. Generally, this is considered to be the priciest option within this guide, but many beginner investors pay it due to its supreme accessibility.

coinbase platform screenshot

There is another downside to Coinbase beyond the price, however. There is a very small amount of fundamental data available, and there are a pitiful 4 technical indicators for charting analysis. Very quickly, traders often find themselves outgrowing the platform, but it can still be a solid choice for buy-and-forget investing.

Cryptoassets are a highly volatile unregulated investment product.

3. Binance – The Best Place to Buy Compound Coin for Experienced Traders 

binance logo

Binance is possibly the most sophisticated cryptocurrency exchange on the market – offering the complete opposite USP as Coinbase. Binance facilitates tens of billions of dollars worth of trades per day, multiple times more than any other exchange, and it’s because of how advanced the products and features are.

This reliable crypto exchange offers an incredible range of markets and coins, and a wide range of supported fiat. Whilst Compound coin isn’t too hard to find on other exchanges, Binance is the best place to find new, low-cap coins.

Ultimately, Binance’s popularity comes from offering leverage trading and highly liquid markets. Binance Futures can be used for accounts with even a low balance amount and has powerful charting customization. This is the perfect exchange for advanced trading techniques.

Commission is 0.10% per side for all coins including Compound coin, with even lower fees when using the native BNB token.  Purchasing Compound coin directly with a debit/credit card will incur more fees, such as a 4.5% processing charge and a 0.5% instant buy commission.

Binance Exchange Crypto

Finally, Binance suffers from the same issue as Coinbase but in reverse. It’s so advanced that it renders it inaccessible for beginners looking to buy crypto who can quickly become confused by the cluttered and dense interface. There is a simple version of the app that can be toggled, but it’s still more complicated than Coinbase.

Cryptoassets are a highly volatile unregulated investment product.

What is Compound Coin?

Compound is a decentralized blockchain protocol that facilitates the lending and borrowing of crypto. Ethereum is the spine of the Decentralized Finance movement, so it’s no surprise that Compound is Ethereum-based. 

Compound Coin Logo

Sending money to one another through a decentralized network is simple and one of the main reasons Bitcoin rose to fame. However, conducting decentralized financial services is a little more tricky. Compound is a way for someone to borrow cryptocurrency using blockchain technology, in which holders (lenders) of Compound will reap the rewards through interest. Traditional centralized intermediaries take a large cut and require a lot of time when matching borrowers to lenders.

Essentially, you can deposit, lock (save), send, and lend your cryptocurrency through the Compound decentralized, blockchain protocol.

Is Compound a Good Investment?

Cryptocurrency in and of itself is a very unique, infant investment asset that is yet to settle into maturity. For a technical analysis trader, it would be important to conduct one’s own research before buying and selling.

However, many invest in Compound due to other benefits and its use cases. Whilst trading your fiat for COMP will have its potential risks and rewards, there are many benefits to consider before making your decision over its long-term success.


Unlike many other coins, you can Compound allows users to lend their cryptocurrency and earn passive income. So, not only may your cryptocurrency coin rise in value, you needn’t rely on that solely, as you can earn actual income even during times of price stability. 

Furthermore, it’s not just that Compound is working to facilitate financial services through its tech, but it’s actively involved in pushing for legislation that challenges the current commercial standards inside our ecosystem. This isn’t just a big PR win, but a clear intent behind its ethos.


Whilst this is self-evident due to being a DeFi protocol, Compound uses audited smart contracts to facilitate lending, borrowing, and payment in an autonomous way. From top to bottom, whether it’s storage or facilitating pooled capital, it’s all handled by these protocols.


Compound isn’t the only lending DeFi protocol out there, but it stands out through its tokenization of assets locked into the system. These Compound tokens are known as cTokens, which represent a user’s deposited funds in Compound. So, if you lock up some USDC or ETH for lending, you will be issued with cUSD, which can t any time be redeemed for USDC (plus the interest).


If it wasn’t clear already, various cryptocurrencies are supported by Compound. Bitcoin is one of them, which means that Compound is a way to use Bitcoin in DeFi environments through the tokenization talked about above (in this instance, it’s known as Wrapped Bitcoin – WBTC). This ERC20 representation can be profoundly useful for long-time Bitcoin HODLers.

dApps And Using Your Tokens

The ERC20 tokens are freely tradeable, meaning they can be used within other decentralized apps. Various c tokens have been integrated into various DeFi apps, such as TokenSet now incorporating cUSDC. So, when considering that your c token could be used by an asset management/trading dApp whilst you’re receiving interest on the coin.

Compound Coin Price

The current Compound price is $156.42 on the 30th of March 2022. This comes a slow decline since the summer of 2021, in which it had hit its peak of over $854. The current price has slumped to what it was before the hype it received in 2021, meaning that it’s far from overpriced currently.

Compound Coin Price Prediction

The downward trend appeared to hit some support in mid-March, in which there has been some price rebound growth. Unfortunately, Compound relies on the volume and activity of other cryptocurrencies, meaning its own price is heavily impacted by market factors – and even the economy. Currently, most DeFi tokens are affected by overal DeFi sentiment. A surge in Bitcoin can often be an indicator of a lagged following of other coins. 

Compound historical price

Due to the governance system and investing versatility, we would expect loyalty and continued support among its investors. Price predictions are often inaccurate, but some analysts are expecting prices to hit the $400 mark by 2025. However, Wallet Investor is suggesting the price could drop to $10, thus continuing its downward trend. It’s important to conduct your own research when assessing the future price of a coin (particularly its technological potential), especially with COMP which is receiving conflicting forecasts from different analysts.

Ways of Buying Compound Coin 

As discussed in the earlier cryptocurrency exchange review, there are many ways in which you can buy Compound coin. Here are a couple of payment methods to choose from:

Buy Compound Coin With PayPal

PayPal isn’t always the best way to handle your money, but many people enjoy its ease of use, particularly for making purchases. Fees for PayPal in regards to currency exchange vary, as do the platform charges when using PayPal. For example, charges 2.1% in fees for PayPal deposits.

It can be tricky to find a platform that accepts PayPal, let alone one that is free.

Buy Compound Coin with Credit card or Debit Card

Credit and debit cards is often the preferred choice when looking to invest in Compound because it’s fast. Finding platforms that accept debit and credit card payments is easier than finding PayPal support. charges 2.99%, whilst Binance charges US clients 4.5% plus a 0.5% instant fee. 

Please check for yourself when assessing payment fees at different crypto exchanges as they can often catch users out and eat into our portfolio.

Best Compound Coin Wallet

When looking at how to invest in Compound coin, you’re also looking for a place to store it. We use reliable wallets for storing cryptocurrencies, and given that Compound uses the Ethereum blockchain, it can be stored in an Ethereum-supported wallet.

There are various types of wallets, such as hot and cold wallets, but ultimately it comes down to where the data is stored and secured. Your main decision will be between having desktop software, a hardware device, a mobile app, or a web wallet.

Essentially, the more secure the option, the least accessible it is (and possibly more expensive). For example, an Ethereum hardware wallet may set you back $100. These are highly secure because they’re not stored online, but they’re a long-winded way to send money and view your holdings.

Web wallets on the other hand are often considered to be less secure – but they’re still secure. Given that you can simply log into them online and they operate under strict regulation, you have to question if you’re willing to sacrifice your time and effort in a strive for security perfection.


Compound is currently offering some very promising technology within the DeFi space, being a space in which holders of various coins can lend and earn interest in an attempt to avoid inflation eating into their portfolio.

COMP isn’t currently a speculative currency that is dubbed to have easy imminent price gains. Instead, this is a technology that many are optimistic about, and as a result, many are looking to get involved. 

Frequently Asked Questions When Buying Compound Coin

Where can I buy Compound coin?

Can I buy Compound coin on Binance?

How do you buy compound coins on Coinbase?

Is Compound coin a good investment?

Will COMP crypto go up?

Is Compound coin on Coinbase?

Is Compound coin on Binance?