One of the cheapest ways to buy Compound (COMP) in the UK is with Binance. This is a popular cryptocurrency exchange that allows UK residents to deposit GBP with a simple UK basic transfer and pay low fees whenever you trade (max 0.1%).
But there are alternative ways to buy Compound (COMP) that you might prefer.
Check out this quick guide for more information.
Where is the Best Place to Buy Compound (COMP)?
Here are some of the best places where you can buy Compound (COMP) in the UK with various payment methods.
|Provider||Payment Method||Fees (Approx.)|
|Binance||UK Bank Transfer||< 1%|
|Coinbase Pro||UK Bank Transfer||< 1%|
|CoinJar||UK Bank Transfer||1 - 1.5%|
|Crypto.com||Credit & Debit Card||2.99%|
|BC Bitcoin||UK Bank Transfer||5%|
- Deposit GBP with a UK bank transfer.
- Buy Bitcoin (BTC) with GBP.
- Exchange Bitcoin (BTC) for Compound (COMP).
This means you’ll have to pay the trading fees on these exchanges TWICE. It’s also a little more inconvenient.
If you don’t want this extra faff, then an alternative way to buy Compound (COMP) in the UK is with CoinJar. This allows you to buy about a dozen cryptocurrencies, including Compound (COMP), quickly and easily without getting ripped off.
Keep reading to find out more.
How to Buy Compound (COMP) in the UK
Binance was established in 2017 and has risen to become one of the most popular cryptocurrency exchanges in the world. In 2021, it has more than 15 million users.
And I’m not surprised by this. It allows people from all around the world to exchange dozens of cryptocurrencies. More recently, they’ve also begun to support GBP deposits with UK bank transfers, credit cards, and debit cards.
This is great news, as Binance is one of the places with the lowest trading fees (maximum 0.1%).
Unfortunately, you can’t buy Compound (COMP) directly with GBP on Binance. Check out this box below for an overview of what you’d currently need to do to buy it on there.
Head over to the Binance website to learn more.
2. Coinbase Pro
Coinbase Pro is another cryptocurrency exchange where you can buy Compound (COMP) in the UK.
With this option, you’ll be able to buy Compound (COMP) at the real exchange rate without paying more than 0.5% in fees.
But – like with Binance – you’re not able to buy Compound (COMP) directly with GBP on Coinbase Pro. The only available trading pairs are:
- COMP / USD
- COMP / BTC
This means you’ll need to make two trades on Coinbase Pro to buy Compound (COMP). This effectively increases the amount you’re paying in fees to about 1% if you take this route.
Check out the Coinbase website to learn more about this option.
CoinJar isn’t like Binance or Coinbase Pro. Instead of providing you with a complex trading interface, they’ve focused on making it as simple, quick, and easy to buy cryptocurrencies like Compound (COMP).
You can access it via your browser, or download their easy-to-use mobile app.
There’s a fixed fee of 1% when you buy any cryptocurrency on CoinJar. The exchange rate you’re offered is pulled from the CoinJar Exchange, which is sometimes higher than in other places (less than 0.5% when I’ve checked).
CoinJar only supports GBP deposits made with a UK bank transfer. It supports Faster Payments though, so I’ve found that my deposits are credited within just minutes. But FYI, your first transfer might take a little longer.
Check out their website to learn more.
Other Crypto Guides
Thanks for checking out this guide to buying Compound (COMP) in the UK!
Want to learn the best place to buy other cryptocurrencies?
Check out these other UK-orientated guides!