Buy Compound in Ethiopia/

How to buy Compound (COMP) in Ethiopia

Updated on: 2025/08/05 18:55:10 (UTC+0)

Coin rating

4.5

Bitget is legally accessible in Ethiopia. You can buy Compound in Ethiopia through Bitget.

What is Compound (COMP)?

Compound is a decentralized finance (DeFi) protocol that allows users to earn interest on their cryptocurrency holdings and borrow assets without the need for a central authority. Launched in 2018 by Geoffrey Hayes and Robert Leshner, the protocol is built on the Ethereum blockchain and has quickly become one of the most popular DeFi platforms. At the moment, the total value locked of Compound is close to $1.6 billion, and the highest TVL at one time was close to $10 billion.

How Compound (COMP) Works

Compound allows users to lend and borrow cryptocurrency without intermediaries, enabling greater efficiency and flexibility than traditional financial systems. Users can earn interest by supplying digital assets to the platform, and can also borrow assets by depositing collateral in the form of other cryptocurrencies. Interest rates are determined by supply and demand, with rates varying depending on the asset being lent or borrowed.

One of the unique features of Compound is the use of algorithmic interest rates, which adjust in real-time based on market conditions. This allows the platform to maintain a balance between supply and demand, ensuring that interest rates remain stable and liquidity is maintained.

COMP is the native token of the Compound protocol, and is used for governance and to incentivize users to contribute to the platform. Users who supply or borrow assets on Compound are rewarded with COMP tokens, which can be used to vote on proposals for changes to the protocol. This ensures that the community has a say in the development of the platform and helps to maintain its decentralization.

How Many Compound (COMP) Tokens Are in Circulation?

There is a total supply of 10 million COMP tokens, with around 7.3 million currently in circulation.

How to Buy Compound (COMP)

Consider investing in Compound (COMP)? It only takes 2 minutes to create an account on Bitget and start trading COMP.

Check out the available COMP trading pairs on Bitget!

Futures market

COMPUSDT

Spot market

COMPUSDT

Compound (COMP) Resources

Official Website

Official Documents

Simple 3-step guide to buying COMP today in Ethiopia

Create your free Bitget account

Provide your email address and place of residence.

Select a funding method

Fund your account using your preferred payment method.

Complete your Compound purchase

Buy Compound with as little as $5.

Step 1: Create a free account on the Bitget website or the app

Please verify your identity to ensure full compliance and enhance your Bitget experience.

You can access the identity verification page, select your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 2: Place an order for Compound using a payment method of your choice:

Buy Compound with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Compound order.
How to buy crypto with credit/debit card
Buy Compound with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Compound is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Compound order.
How to buy crypto via third-party gateway
Buy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Compound order.
Buy Compound with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Compound order.
P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.
How to buy crypto on Bitget P2P

Step 3: Monitor Compound in your Bitget spot wallet

If you've chosen to purchase Compound on Bitget, your Compound will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.

Check your assets

Bitget—where the world trades Compound

Fast and efficient

Our advanced matching engine ensures a lightning-fast, smooth trading experience, making Bitget the go-to platform for speed and reliability.

Top-tier security

With proof of reserves, a dedicated protection fund, and third-party custody mechanisms, Bitget prioritizes the safety of your assets, earning the trust of millions globally.

Ultimate trading experience

Trade cryptocurrencies seamlessly with Bitget's deep liquidity, empowering you to make confident, stress-free transactions every time.

24/7 support

Bitget's dedicated customer service team is available 24/7 to provide fast, professional assistance, ensuring an exceptional user experience.

How to buy Compound for free

Using real money to buy Compound is not the only way to obtainCompound. If you have the time to allocate, you can get Compound for free.

Learn how to earn Compound for free through the Learn2Earn promotion
Earn free Compound by inviting friends to join Bitget's Assist2Earn promotion
Receive free Compound airdrops by joining On-going challenges and promotions

All crypto airdrops and rewards can be converted to Compound through Bitget Convert, Bitget Swap, or Spot Trading.

Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Compound Price Page and bookmark them to stay updated!

Buy Compound

COMP / USDCurrent price:

$45.41

-1.12

-2.00%24H

The live Compound price today is $45.41 USD, with a 24-hour trading volume of $464,156.25 USD. We update our COMP to USD price in real-time. COMP is -2.00% in the last 24 hours.

Are you planning to buy COMP?

See if other users are buying COMP:

Yes

Buy other cryptos

Buy Compound in a different country

You can easily buy Compound (Compound) with the lowest fees and highest security wherever Bitget is available. Simply select your country in the search box below to start buying Compound in your preferred location:

ethiopia

A selection of popular Compound buying regions.

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A welcome pack of 6200 USDT for new users!

FAQ

Can I buy $1 worth of Compound?

In theory, Compound is divisible enough that you could buy just $1 worth, but Bitget's spot market requires a minimum order value of $5.

Can I buy $10 of Compound?

Yes, can be divided and bought in an amount worth $10. Bitget's spot market has a minimum order value of $5.

Where else can I buy Compound?

If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.

Where is the best place to buy Compound?

The best place to buy Compound is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.

Should I buy Compound right now?

You should make a decision on purchasing or investing in Compound or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.

Ethiopia is located on the horn of Africa, a rugged country that encompasses the Great Rift Valley. It's a place of old culture, with archaeological artifacts dating back more than 3 million years. Ethiopia has a population of 121,396,689, and the official languages of Ethiopia are Amharic, Oromo, Somali, Tigrigna, and Afar. The official currency is the Ethiopian birr (ETB). In less than 10 mins, you can buy Compound(COMP) and other cryptocurrencies from Ethiopia using the Bitget platform with P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.

Ethiopia has a diverse climate and landscape, spanning from the equatorial rainforest with significant humidity in the south and southwest to Afromontane regions on the summits of the Semien and Bale Mountains to desert regions in the northeast, east, and southeast Ethiopia. Ethiopia's geographical structure and landscape consist of high plateaus, mountains, and dry lowland plains. Ethiopia has some of the world's most rugged and beautiful environments. The country is surrounded by beautiful cities like Addis Ababa, Gondar, Bahir Dar, Dodola, and Lalibela, anywhere you are located in Ethiopia, Bitget will be there to give you a seamless trading experience.

Interestingly Ethiopia is the oldest country in Africa, and it has stunning side attractions like Arba Minch, Awash National Park, Axum, Bahir Dar, Bale Mountains National Park, Gheralta, Gonder, Danakil, and many more. Ethiopia is a wonderful place to be.

Cryptocurrency investment activities, including buying Compound on Bitget, are subject to market risk. Bitget offers simple and convenient ways to buy Compound instantly, and strives to provide transparent information about all cryptocurrencies available on the platform. However, we are not responsible for any outcomes resulting from your Compound purchase. This page and its content do not constitute an endorsement of any specific cryptocurrency or method of acquisition.