Why buy Compound with Kraken in Canada?

About Compound

What can you do with Compound?

Swap Compound for other assets

Learn more about Compound

1. How does Compound work?

   Unlike traditional currencies, Compound is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Compound. This decentralization means the holders and users of Compound can help to maintain the network.

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2. Where can I buy Compound?

   Most find that the easiest and most secure way to purchase Compound is through a reliable cryptocurrency platform like Kraken. While Compound can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Compound.

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3. How much does 1 Compound cost?

   At the current market rate, it costs $60.14 to purchase one COMP. Kraken makes it easy to buy & sell Compound with confidence.

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4. Can I buy $100 worth of Compound?

   Yes, Kraken offers a secure and easy to buy $100 worth of Compound. At its current price, $100 equals 1.66 COMP.

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5. Is it safe to buy Compound?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Compound purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Compound investment. You should do your own research on Compound price before buying.

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6. Is Compound available to buy and sell in Canada?
   

   
   Yes, Compound is available to buy and sell on Kraken platform in Canada.
   

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7. Is Compound a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Compound may be a worthwhile purchase.

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8. Can I purchase Compound using Canadian dollars (CAD)?
   

   Kraken supports six different government-issued fiat currencies including Canadian Dollar. All supported government-issues currencies are:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Compound transaction fee?

   Kraken offers competitive fees for Compound transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Compound I can buy?

    
    You can buy as little as CA$10 worth of Compound on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Compound regularly.
    

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11. How to buy Compound with PayPal?

    To buy Compound with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Compound, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Compound.

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12. How to buy Compound with a debit card?

    You can buy Compound using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Compound with a credit card?

    To buy Compound using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Compound with other cryptocurrencies?

    Kraken makes it easy to buy Compound using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Compound. Browse the Compound markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Compound from Kraken to my crypto wallet?

    Yes, the Compound you buy on Kraken is yours. Kraken makes it easy to withdraw your Compound to any hot wallet or cold wallet that supports Compound. Simply enter the external wallet address and your Compound will be in your wallet a few moments later.

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16. Is it safe to keep Compound on Kraken?

    We take every measure possible to keep the Compound you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Compound. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Compound?

    The current circulating supply of Compound is 8,907,250 COMP.

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18. How to Fund Your Account via Interac e-Transfer?

    To fund your account via Interac e-Transfer, you’ll need to initiate a deposit request via the app which will seamlessly guide you through the steps to access and approve using your bank of choice.

    Follow these steps to start your crypto journey:

    1. Log into your Kraken Account and select the ‘Portfolio’ tab. Here you’ll be able to see the aggregate and individual value of your holdings. 

    2. Select ‘Deposit’ and then ‘Canadian Dollar’ under the ‘Cash’/’Asset’ option.

    3. Choose “Interac e-Transfer” as your deposit method.

    4. Enter the amount you would like to deposit. Kraken allows up to C$ 10,000.00 per Interac e-Transfer, however, your banking limits may differ. Select ‘Review’.

    5. Confirm the deposit details, including your email address and Kraken account name. If correct, swipe to proceed.

    6. You'll be redirected to Interac's financial institution page. Select your bank.

    7. Approve the deposit through your bank's app or website.

    Your funds will be available within minutes, ready for you to start trading crypto.

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19. How to buy Compound with a debit card in Canada?

    You can buy Compound using a debit card in certain regions on Kraken. Learn more about our Supported currencies and payment methods.

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20. How to buy Compound with a credit card in Canada?

    To buy Compound using a Canadian-bank issued credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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