COMP to BTC conversion chart
Compound to Bitcoin correlation
According to the correlation analysis, COMP and BTC have a strong relationship with each other and are correlated. Whenever there is a change in the price of COMP then BTC also tends to follow the same pattern and move together.
Live COMP Price Change and Market Cap
At the moment, COMP price is 0.000002 BTC and it changed by -7.44% in the last 24 hours. Compound has a total market capitalization of $11 today. 10.72 COMP is in circulation. The 24-hour highest price of COMP was 0.00000234 BTC and the lowest was 0.00000213 BTC.
Compound Price Prediction
The price of the COMP token is mostly influenced by the development in the Compound protocol, since it is a governance token. Important updates can increase demand for COMP since it acts as voting power. The future of Compound, in turn, depends on the success of the upcoming consensus layer merge in Ethereum and regulations in DeFi.
According to a Compound price prediction for 2022, the token can gain at the very least +50% and rise to $650. The Compound price can reach and exceed $1,000 as early as in 2024. By 2030 and even 2025 some opinions claim COMP price can even exceed $10,000.
Compound Wallets
If you are looking for a software wallet, pick Exodus wallet, if security is your major priority, choose Trezor. In all these wallets you can track the live COMP price as well as other cryptocurrencies. Also, you will be able to exchange COMP at the best rates with ChangeHero in these wallets.
COMP to BTC exchange margin
The closing conversion rate for COMP to BTC yesterday was {{LAST}} BTC. Considering today’s exchange rate, a transaction of 1 COMP to BTC would result in an output of 0.000002 BTC BTC.
How to convert Compound to Bitcoin
Compound and Bitcoin comparison
The Compound protocol is designed to be able to algorithmically calculate interest rates for each asset in accordance with the supply and demand. Users can either supply tokens into the protocol or borrow/sell/use/re-lend assets if they put some of their balance as collateral. COMP token holders can vote on all changes to the protocol themselves or delegate some of their voting power to other community members. Compound tokens are distributed to users that interact with the markets, regardless of whether they borrow, lend, withdraw or repay an asset, in proportion to the borrowing demand in the market.
Bitcoin was developed by Satoshi Nakamoto in 2009 with an idea of providing a peer-to-peer payment system using the blockchain technology. Bitcoin network is decentralized and an immutable record of transactions. The sole purpose of Bitcoin is to enable a means of payment system for people to transact value without any middlemen.
What is Compound?
The Compound protocol is designed to be able to algorithmically calculate interest rates for each asset in accordance with the supply and demand. Users can either supply tokens into the protocol or borrow/sell/use/re-lend assets if they put some of their balance as collateral.
COMP token holders can vote on all changes to the protocol themselves or delegate some of their voting power to other community members. Compound tokens are distributed to users that interact with the markets, regardless of whether they borrow, lend, withdraw or repay an asset, in proportion to the borrowing demand in the market.
Compound to Bitcoin price details
COMP to BTC Conversion Rate and Price
At the moment, the conversion rate for 1 COMP equals to 0.000002 BTC. The 24-hour highest price of Compound in relation to BTC was 0.00000234 BTC and the lowest was 0.00000213 BTC. In short, COMP price in relation to BTC changed by -7.44%.
Instantly Exchange COMP to BTC
On ChangeHero you can instantly exchange Compound to Bitcoin without signup. You can easily convert COMP to BTC in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your COMP to BTC exchange.
COMP to BTC Best Rate Exchange
For the Best Rate exchange of Compound to Bitcoin, we search through various exchanges for the COMP to BTC pair and find the best rate available in the market. We provide you with an estimation of the amount of BTC you will receive.
As soon as you accept the terms and the COMP is deposited, the exchange will be automatically processed. We remind you that the final amount of BTC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of COMP to BTC.
COMP to BTC Fixed Rate Conversion
For the Fixed Rate exchange of Compound to Bitcoin, ChangeHero find a good rate for the pair COMP to BTC and fix the rate for up to 15 minutes. In the Best Rate exchange of COMP to BTC, you will receive the exact amount of BTC which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned BTC address. ChangeHero is the best place to exchange COMP to BTC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert COMP to BTC?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange COMP to BTC?
No, you do not need an account to swap COMP to BTC on ChangeHero. There will be no registrations for your Compound to Bitcoin transaction.
Do I need to go through KYC procedures for COMP to BTC exchange?
There will be no KYC for the COMP to BTC exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange BTC to COMP?
Yes, you can instantly exchange BTC to COMP on ChangeHero.
Buy and sell Bitcoin
Are you looking to buy Bitcoin? Now, on ChangeHero you can buy Bitcoin with credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
