COMP (Compound)

Comp is an open source decentralized lending protocol that provides users with deposit and lending services, and is the pioneer of liquidity mining.

How to buy COMP (Compound) on Huobi?

Follow the easy 4 steps below to buy COMP (Compound) on Huobi.

  1. Register a Huobi Global account
    Provide an email address, create a username, and choose a secure password.
  2. Verify your account
    After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
  3. Deposit in fiat currency or cryptocurrency
    To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
  4. Start buying Bitcoin on Huobi
    Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and COMP (Compound) derivatives trading.
How to buy your first Bitcoin with 27 Fiat Currency options on Huobi?

Huobi Official Website

What is COMP (Compound)?

Compound is an algorithmic, autonomous interest rate protocol built for developers to unlock a range of open financial applications. Compound is an Ethereum-based publicly accessible smart contract system that works to allow borrowers to take out loans and lenders to provide loans by locking their crypto assets in the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each cryptoasset. Each block is mined to generate an interest rate. Loans can be repaid at any time and locked assets can be withdrawn.

How to open a Crypto account with Huobi Global?
Guide – How to buy or sell Cryptocurrencies on Huobi?

Open Huobi’s Crypto Account