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How to buy Compound token with credit card

Want to buy COMP, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.

Ondefy offers the fastest way to buy Compound

Follow these steps to get started:

1. Enter Amount

2. Connect your email or wallet

3. Pay by credit card or bank transfer

What is Compound?

Introducing the Compound Governance Token (COMP), a governance token on the Compound Finance lending protocol. With COMP, users can delegate voting rights to the address of their choice, such as their wallet, another user, an application, or a DeFi expert. Participation in Compound governance is open to all, with no need to own COMP. Those with 1% of COMP delegated to their address can propose a governance action, ranging from adding support for a new asset to changing a market’s interest rate model. COMP provides users with the power to shape the future of the Compound Finance protocol.

How do I buy Compound in 2024?

You can buy Compound using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Compound is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Compound for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.

Is it safe to buy Compound?

Your payment processing is securely handled by our partner Transak, and your purchased Compound tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.