How and where to buy Compound Governance Token COMP by bank transfer in 2024
89.82 $ ▼-11.38%
If your intention is to buy Compound Governance Token with bank transfer, you're in luck. Payment by bank transfer is accepted on most cryptocurrency platforms. It also has a great advantage over other payment methods: It's cheaper. Deposit fees are usually very small, and many exchanges do not charge any commission at all.
The only downside of buying with bank transfer is the time, as deposits usually take a few days to reach your account on the exchanges. If you are looking for immediacy, it would be better to buy Compound Governance Token with a card.
The most recommended alternative for acquiring COMP through bank transfer is Binance due to its high security and low commissions. It also has multiple advantages:
- No fees for BTC and ETH trading.
- Earn Simple, one of the most powerful staking systems in the market (in our opinion, only surpassed by Nexo).
- Small amounts of free cryptocurrencies for playing weekly at its WODL or through its Launchpad.
To invest in Compound Governance Token, you only need to follow these steps:
How to buy COMPOUND GOVERNANCE TOKEN COMP via bank transfer on Binance
- Register on Binance
- Deposit FIAT money in your account via bank transfer.
- Place an order to buy COMP.
- Once your order is executed, you will have Compound Governance Token in your Binance wallet. Enjoy all its benefits!
All you need is an email and a password. You can do it through this link.
Laws require regulated exchanges to request personal information - like a selfie or a photo of your ID. This process, known as KYC (Know Your Customer), aims to combat money laundering and terrorism financing. If you prefer not to provide this type of information, it is advisable to read the article about exchanges without KYC.
You can do this in the "Wallets" menu, from the "Deposit" button and then in the "Fiat" tab, where you can choose from more than 25 different FIAT currencies to make your deposit. If you choose to do it via transfer, normally you will have the funds in your account in 1 or 2 business days.
To do this, go to the basic purchase from the "Markets" button. Search for the cryptocurrency ticker (COMP in this case) and buy Compound Governance Token in the "Buy COMP" panel.
Not all cryptocurrencies are paired with FIAT currencies. When you search for the ticker, you will see the currencies you can exchange it for. If your FIAT currency is not among them, you will need to make an intermediate step: Exchange the FIAT for one of the currencies on the list. Usually, these intermediate currencies tend to be BUSD or USDT. These are a type of cryptocurrency called stablecoins whose value is always 1:1 against the dollar. That is, you will not lose money in this intermediate transaction. You will only have to pay the fees, which in the case of Binance are very low, only 0.1%.
Binance is the largest cryptocurrency exchange in the world by daily volume and by far the second. Even with this volume, Binance has not had any significant security incidents, making it a safe place to buy, sell, and deposit your cryptocurrencies.
However, it is not the only one. There are many other exchanges in the market that are similar and just as secure as Binance. It's not a bad idea to register with another one to get to know other exchanges and see if there is one that better suits you. Some of our recommendations are:
- Bitget, which offers a great advantage over its competitors as it is the only commission-free exchange in its spot market. It does have commissions, though very low, in its futures market, but this product is dedicated to professional traders. You can buy COMP from the "Buy cryptos" tab, in the "Third-party Payments" button. Register through this link to buy Compound Governance Token without commissions. If you're curious, you can read the article on commission-free exchanges
- Coinmetro which gives away $10 in its XCM token just for depositing $50 in any currency, but only if you register with this link. For example, if you want to buy $50 of COMP, at Coinmetro you can deposit the $50 to buy Compound Governance Token and then receive $10 in XCM, which you can also sell to buy more COMP. This way, the average purchase price will be much lower than the market at that time.
- Nexo is another great option for acquiring Compound Governance Token. It is the platform with the best returns in its staking system. The biggest advantage is that when you make a purchase on Nexo, it actually searches all the largest exchanges in the market to see where it is cheaper and makes the transaction there (all without the user noticing anything). This, combined with cashback on its commissions and free crypto withdrawals (they pay the network costs), makes it one of the best options to save with your cryptocurrencies. If you register through our link, you will receive a $25 BTC bonus just for depositing $100 in any currency and keeping it for at least one month. Register at Nexo here.
- Coinbase: An exchange listed on Nasdaq, known for its usability. Perhaps the easiest way to buy Compound Governance Token.
Remember that Coinbase gives you $10 if you register through this link and make a first purchase over $100. Currently, Coinbase has no welcome offer. - blockchain.com, where you can get $10 for free by making a first purchase of $20 only if you enter the code 8FH85DM6 during registration and through this link.
- bit2me is the largest Spanish exchange. It has become one of the major exchanges thanks to its competitive commissions in the Pro version, Earn - its staking service - and its token Launchpad, among many other services. If you access through our link, you will receive a bonus of 10€ if your first purchase is 100€ or more. You can buy COMP on bit2me if you register here.
- Huobi is one of the largest exchanges in the market, with a wide range of cryptocurrencies. You can buy Compound Governance Token on Huobi if you register here.
- Another widely used alternative is Coinmama, an international exchange, widely used around the world. Among its advantages, it stands out that you do not need to verify your account if you make purchases less than 150$ per day, so you can buy Compound Governance Token today. Coinmama does not have its own wallet. You will need to create one, which is where your cryptocurrencies will be transferred. In the following link, we show you "how to get a secure bitcoin wallet".
- Gate.io is another of the major exchanges for its low commissions and large number of cryptocurrencies. In addition, if you register with this link, you will enjoy a 10% discount on commissions forever and 30$ for depositing a minimum of 0.05 BTC in any currency.
- KuCoin will surely be one of the best platforms to buy COMP due to its low commissions and its wide range of cryptocurrencies available. However, on its platform, you cannot buy cryptocurrencies either by transfer or with any other FIAT currency. If you still want to try KuCoin, it has a 5% discount on commissions forever if you register through this link.