Buying guideUpdated on How to Buy Compound (COMP): Step-by-Step Guide
To buy Compound on Picnic, you create an account, add funds with Pix and convert your balance into COMP in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much COMP can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $100.52327COMP
- With $502.6163COMP
- With $1005.2327COMP
- With $50026.163COMP
How to buy Compound on Picnic, step by step
Four steps, from signing up to COMP in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for Compound
In the investments tab, look for Compound or COMP and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your COMP balance appears in your wallet, under your control.
What is Compound?
Compound (COMP) is a decentralized finance protocol on the Ethereum blockchain that enables users to lend and borrow cryptocurrencies without intermediaries. The platform uses smart contracts to manage lending pools, where lenders supply assets and borrowers can take loans with collateral. COMP, the native token, grants voting rights for protocol governance and serves as an incentive for platform usage. With a maximum supply of 10 million tokens, COMP plays a crucial role in the ecosystem's operations and decision-making processes. Users can buy COMP and other cryptocurrencies on the Picnic platform.
Compound (COMP) is a cryptocurrency that powers a decentralized lending and borrowing platform on the Ethereum blockchain. It allows users to lend their digital assets and earn interest, or borrow assets by providing collateral. The system operates through smart contracts, eliminating the need for intermediaries and making financial transactions more accessible and efficient. The COMP token plays a crucial role in the Compound ecosystem. It grants holders voting rights to participate in the platform's governance, allowing them to propose and vote on changes to the protocol. Additionally, COMP tokens are distributed to active users of the platform as an incentive, encouraging participation and engagement within the Compound community. Compound's technology introduces innovative features like cTokens, which represent a user's balance and can be used as collateral in other decentralized finance (DeFi) applications. The platform's interest rates adjust dynamically based on supply and demand, ensuring fair market conditions for both lenders and borrowers. If you're interested in exploring the world of decentralized finance and potentially earning interest on your digital assets, you can buy COMP tokens on the Picnic platform.
Why buy Compound on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy COMP in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy Compound?
Fees depend on the network used to buy COMP. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy Compound on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of COMP can move, so invest thoughtfully.
Can I buy just a fraction of COMP?
Yes. You choose the amount to spend and receive the matching quantity of COMP, even if it is a fraction of one unit.
Do I need to understand crypto to buy Compound?
No. Picnic is built to be simple even for beginners: fund with Pix, search for Compound and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until COMP reaches my wallet?
After you add funds with Pix and confirm the purchase, your COMP balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides Compound?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy Compound?
Create your account, fund with Pix and have COMP in your wallet in minutes.
Buy CompoundThis content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.