Understanding COMP
What is Compound?
COMP is the governance token for Compound, a leading decentralised finance (DeFi) protocol that lets users lend and borrow cryptocurrencies. Interest rates are determined algorithmically based on market demand. Token holders can propose and vote on upgrades to the protocol, making COMP essential to its decentralised governance structure.
In Australia
How to buy Compound in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy Compound (COMP)
Buy COMP at live AUD market prices, then hold it or spend it with the Wayex Card.
Compound FAQs
- Can I buy Compound in Australia?
- Yes. You can buy Compound (COMP) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for Compound?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy COMP instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy Compound?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend Compound with the Wayex Card?
- Yes. Once you hold COMP in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
Available on iOS and Android. Sign up in minutes with your email.
- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
Learn how - 03
Buy, Sell and Spend!
Trade AUD into 90+ crypto assets, and spend anywhere Visa is accepted.