How to Buy Compound on Bybit
Updated 2026 guide: registration, KYC, and buying Compound (COMP) on Bybit. 0.1% fee per trade.
Exchange overview
Rating
9.3/10
Spot (maker / taker)
0.1% / 0.1%
Listed coins
470+
Country
UAE (Dubai)
Step-by-step guide
- 1
Step 1: Create an account on Bybit
Visit Bybit via our referral link and sign up. Click the Register button and enter your email and password. This takes about 2 minutes.
Open account Bybit - 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% / 0.055% |
| Listed coins | 470+ |
| Rating | 9.3/10 |
Buying Compound (COMP) on Bybit is a smart choice for those looking to enter the decentralized finance (DeFi) space. Bybit is a fast-growing exchange known for its strong P2P options, making it easier for users to purchase digital assets with local currencies. Compound is a prominent DeFi project that allows users to earn interest on their cryptocurrencies while also enabling lending and borrowing.
Step-by-step guide
Follow these steps to buy Compound on Bybit:
1. Create account on Bybit - Go to Bybit's website and sign up for an account. Make sure to provide a valid email address and secure password.
2. KYC verification - Complete the Know Your Customer (KYC) verification process. This usually involves uploading identification documents and a selfie.
3. Deposit funds - Deposit funds into your Bybit account. You can use bank transfers, credit cards, or cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to fund your account.
4. Find COMP/USDT pair in Spot - Navigate to the Spot trading section and locate the COMP/USDT trading pair. This is where you will buy Compound.
5. Place order - Decide whether you want to place a market order (buy immediately at current market price) or a limit order (set a specific price to buy COMP). Choose accordingly.
Fees
When trading on Bybit, spot fees are 0.1% for both maker and taker orders. P2P trading is available for local currencies, including Russian rubles. If you choose to buy with a credit card, be aware that there is a third-party fee ranging from 2-4%.
Tips
- Check the market trends for Compound to time your purchase effectively.
- Use limit orders to avoid buying at price spikes during high volatility.
- Consider using the P2P option for potentially lower fees when purchasing COMP with local currencies.
FAQ
How to buy Compound on Bybit?
Sign up on Bybit, 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 Bybit?
The standard fee on Bybit 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 Bybit safe for buying crypto?
Bybit 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 Bybit?
Yes, Bybit 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.