How to Buy Compound on Binance
Updated 2026 guide: registration, KYC, and buying Compound (COMP) on Binance. 0.1% fee per trade.
Exchange overview
Rating
9.5/10
Spot (maker / taker)
0.1% / 0.1%
Listed coins
450+
Country
Abu Dhabi (UAE)
Step-by-step guide
- 1
Step 1: Create an account on Binance
Visit Binance via our referral link and sign up. Click the Register button and enter your email and password. This takes about 2 minutes.
Open account Binance - 2
Step 2: Complete identity verification (KYC)
Upload a photo of your passport or driver's license and take a selfie. KYC typically takes 5 minutes to a few hours. Without verification the exchange limits withdrawals.
- 3
Step 3: Deposit funds
Transfer USDT, USDC, or fiat to the exchange. You can buy crypto directly with a bank card on the platform or transfer from another wallet.
- 4
Step 4: Find the Compound trading pair
Go to the Spot or Trade section and search for the COMP/USDT or COMP/BTC pair. Type the coin name in the search bar.
- 5
Step 5: Place a buy order
Choose an order type: market (instant, at current price) or limit (at your target price). Enter the USDT amount or Compound quantity and confirm the order.
Exchange fees
| Spot (maker / taker) | 0.1% / 0.1% |
| Futures | 0.02% / 0.05% |
| Listed coins | 450+ |
| Rating | 9.5/10 |
If you are looking to invest in Compound (COMP), Binance offers a great platform for your needs. As the largest crypto exchange by trading volume, Binance provides a wide range of features that make buying COMP straightforward. Compound is a decentralized finance (DeFi) project that allows users to earn interest on their crypto holdings and borrow against them.
Step-by-step guide
Follow these steps to buy Compound (COMP) on Binance:
- Create account on Binance
Visit the Binance website and register for an account by providing your email and creating a password. - KYC verification
Complete the Know Your Customer (KYC) verification process by submitting your identification documents. - Deposit funds
Deposit funds into your Binance account using bank transfer, credit/debit card, or other cryptocurrencies. Make sure to confirm the deposit methods available in your region. - Find COMP/USDT pair in Spot
Navigate to the Spot Market section and search for the COMP/USDT trading pair. - Place order
Select the order type. Use a market order for immediate purchase or a limit order to buy at a specific price.
Fees
Binance charges a spot fee of 0.1% for both maker and taker orders. If you choose to purchase with a credit or debit card, you will incur a fee of 1.8-2%. Note that Binance has restricted services for users in certain jurisdictions, including Russia since 2023.
Tips
- Check the price charts for COMP's historical performance before buying.
- Consider setting alerts for price movements to buy at a favorable rate.
- Use Binance's educational resources to better understand DeFi and Compound.
FAQ
How to buy Compound on Binance?
Sign up on Binance, complete KYC, deposit funds, and buy Compound in the Spot trading section using the Compound/USDT pair.
What are the fees for buying Compound on Binance?
The standard fee on Binance is 0.1% for makers and 0.1% for takers. Fees may decrease when you pay with the exchange native token or reach higher trading volume tiers.
Is Binance safe for buying crypto?
Binance is a licensed centralized exchange with multi-layer account security. Enable two-factor authentication (2FA) and avoid keeping large amounts on the exchange long-term.
Can I buy Compound with USD or EUR on Binance?
Yes, Binance supports fiat purchases (USD, EUR, and others). Use the Quick Buy section or pay with a bank card.
CoinMagnetic Team
Crypto investors since 2017. We trade with our own money and test every exchange ourselves.
Updated: April 2026
This is informational content, not financial advice. Cryptocurrencies are highly volatile. Only invest what you can afford to lose.