Compound Price, News and Analysis (COMP)

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Compound.

Compound produces its own wallet software that is available for download on its website, which allows you to store Compound on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Compound (COMP) is currently worth $206.99 on major cryptocurrency exchanges. You can also exchange one Compound for 0.00640415 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Compound in U.S. dollars is $922.45 million.

Compound is a proof of work (PoW) and proof of stake (PoS) token that uses the X11 algorithm.

Compound can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Compound and access to a mining pool that pools your effort with other miners and a wallet to store the Compound that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

The following coins use the same hashing algorithm (X11) as Compound: EUNO, FYDcoin, AceD, ImageCoin, Axe, Netrum, SteepCoin, PAXEX, xscoin, INMAXCOIN, Emrals and AVCCOIN.