Buy Compound (COMP) in India at ₹2,190

Live COMP/INR Price

₹2,190

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Reasons to Buy Compound (COMP)

• It is an Ethereum-based ERC-20 token.

• It provides interest to you on your deposits.

• It has good transaction speed.

• It has a maximum supply of 10 million COMP.

What is Compound (COMP)?

Compound was officially launched in 2018 by Robert Leshner and Geoffrey Hayes.

Compound has its own way of trading in this growing market of crypto. It is an Ethereum-based decentralized blockchain platform that allows you to borrow or lend some particular cryptos(total- 9) viz DAI, ETH, USDT, USDT, etc. The user receives benefits when he deposits his crypto assets in the Compound and gets c-tokens or COMP tokens in return. Compound has its protocols, and the user also benefits by receiving interest on what he deposited.

The compound has its native utility token COMP that is used as a mode of providing incentives.

Things to consider before buying Compound (COMP)

• Compound can provide greater interest rates than most banks.

• Whenever a user interacts with Compound, he is awarded COMP tokens.

• Its holders can suggest changes in the Compound protocol.

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Compound has its own way of trading in this growing market of cryptocurrency. It is an Ethereum based decentralized blockchain platform that allows you to borrow or lend some particular cryptocurrencies

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Price Statistics

COMP Price Today

COMP Price

₹2,190

Price Change 24h

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0%

Price Change 7d

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8.5%

Market Rank

#138

Market Cap

₹2,204 Cr.

Trade Vol 24h

246 Cr

Circulating Supply

99,61,065 COMP

Trading Activity

71% Buy29% Sell

FAQ's

1. How Can I Buy Compound In India?

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CoinSwitch App is the simplest way to buy Compound in India. Sign up now and start investing with ₹100

2. Can I Buy Compound Directly?

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You can buy Compound directly via Peer to Peer(P2P) trade. An option of a decentralized exchange(DEX) is also available for buying Compound, or you can buy it from someone who holds Compound. DEX can be a great way to get the desired crypto. However, it is difficult to understand decentralized exchanges, and also, it is also a very tiresome job to find an honest seller who can provide Compound (COMP). So, this path is generally meant for pro traders.

Anyone new to crypto might want to en route to a simplified path and Download the CoinSwitch App!

3. How to Buy Compound Stock?

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You can buy Compound in just 4 steps on CoinSwitch:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Compound.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Compound for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’

Congratulations, you just bought your first Compound!

4. What Price To Buy Compound?

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Since most of the cryptos are in an evolving and developing stage, a set price can never be told to buy any of them. There can be an increase in the value of the Compound shortly, so you would only be left with regret for not buying it now.

You are recommended to invest in small amounts periodically that would balance the opportunity and risk. Start investing in COMP for as low as ₹100.

5. What Time To Buy Compound?

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No clock tells the best time for building up your assets. Many would have been missing out on the returns and profits by waiting for their golden hour to buy a Compound. Don’t be one of them and start investing from the earliest.

Have a start by investing in small amounts periodically. A better strategy would be to invest a lump sum in Compound (COMP) in dips that will average your portfolio for better returns.

6. What Platform To Buy Compound?

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Compound is available over dozens of platforms. The only thing that matters here is your experience. Some of them would make your experience horrible, taking more than enough of your precious time. On the other hand, some would make it too easy for you to buy COMP.

The crypto market consists of many apps, with some of them having a large number of technicalities that might frustrate you; however, CoinSwitch lets you buy cryptos smoothly.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.