The Compound (COMP) token has seen a price increase of 5% in the past 24 hours
The Compound token is currently trading at $315 at the time of writing and the token has entered a consolidation zone with whales looking to spike prices beyond the $400 region. The COMP coin could very well register another 5-10% gains if the bulls retain interest. The token has the potential to rally further if the volume action can be sustained in the future.
How & where to buy Compound in the UK and elsewhere
You will need to register a new trading account with an exchange/broker to purchase cryptocurrencies. There are so many platforms available today that new users can easily get confused as most of the sites offer similar features. We have shortlisted two of the best platforms where you can trade with ease. Avoid trading on decentralised exchanges as they are unregulated.
To register a new account, select a suitable platform and click on the sign up or join now button. Then, create a new user profile by providing your full legal name and email address. You will also be asked to complete an account verification process known as the Know Your Customer (KYC) regulation. Standard documents such as a driving licence and utility bill can be submitted to comply with the KYC rules. Once done, simply deposit funds and start trading.
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Coinbase
Coinbase is a widely recognized platform for buying, selling, and managing cryptocurrencies. With support for over 200 digital currencies, including popular ones like Bitcoin (BTC) and Ethereum (ETH), Coinbase caters to both beginners and experienced traders.
Kraken
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Finansero
Uphold
Uphold is a global digital money platform that offers financial services. It deals with 250+ currencies (both traditional and crypto) and commodities, facilitating more than US$4 billion in transactions. Uphold’s vision is to create a future where everyone has access to safe, transparent, fair, and affordable financial services
KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Fortissio
Fortissio is an EU regulated trademark that operates under the Hellenic Capital Market Commission. This means that all traders benefit from regulated services which ensure that brokers comply with all laws and financial requirements. Don't settle for the uncertainty of unregulated brokers.
Paybis
Paybis is a cryptocurrency exchange platform that allows users to buy major cryptocurrencies using fiat currencies. With a focus on over 40 different fiat currencies, including EUR, USD, CAD, and JPY, users can transact via credit or debit cards, bank transfers, Skrill, or Neteller. While Paybis facilitates fiat-to-crypto transactions, its crypto selection is limited to coins like Bitcoin, Ethereum, Dogecoin, and Binance Coin.
Bitvavo
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
Buxano
Trade crypto options on BUXANO, the world’s first platform offering peer-to-peer options trading for cryptocurrency pairs.We offer direct crypto options trading between peers, settled in Bitcoin, thus eliminating the possibility of foul play that can happen on traditional binary options sites where trading is done against the broker.
CEX.IO
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Coingate
CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.
Coinmama
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Gemini
Gemini is a full-reserve and highly-regulated cryptocurrency exchange and custodian. Founded in 2014 and based in New York City, it operates in 70+ countries. Gemini offers a secure platform for buying, selling, storing, and converting crypto assets. They prioritize user safety and even provide a Gemini Mastercard for spending crypto holdings.
Hashlists
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Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Lendabit
LendaBit.com is a fintech startup created by professionals with a unique mix of blockchain-based project experience, financial expertise and global market intelligence. LendaBit.com is willing to bring the benefits of this new digital space to our customers.
MintNFTs.co
Minting NFTs for Creators & Brands. NFTs for Digital Marketing to enhance branding, build loyalty and increase revenue.
Nexo
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team's years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
OKX
OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.
Okcoin
Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. Okcoin's mission is to help decentralize finance and level the economic playing field for everyone around the world. Serves 190+ countries with over 100K+ active traders and investors.
What is Compound?
Compound is decentralised finance (DeFI) protocol that makes lending and borrowing easy. The native token is called COMP and is used for governance purposes inside the network. Since its inception, Compound has become one of the main players in the DeFi sector.
Should I buy COMP today?
The compound token is currently on a bull run and could rise further in the future after strong consolidation. The token could provide huge gains to its early users if the COMP token continues to rally in the future.
The token serves an important use case in the DeFi industry and receives a lot of interest from investors.
This article is informational only—none of the contents should be construed as financial or investment advice.