Rain enables you to buy Compound in exchange for the below currencies:
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UAE DIRHAMS (AED)
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SAUDI RIYAL (SAR)
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KUWAITI DINAR (KWD)
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OMANI RIYAL (OMR)
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BAHRAINI DINAR (BHD)
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US DOLLAR (USD)
Requirements:
- A verified Rain account. If you haven't already signed up, you can create an account here.
- Funds in one of your Rain fiat accounts. In order to buy COMP you need a positive balance in one of your Rain fiat accounts.
NOTE: For more information about Rain fees click here.
Steps (Rain website):
- Log in to your Rain account.
- Click on Market.
- Enter the amount you would like to buy. You can either enter the value in fiat (e.g. USD 100) or COMP ( e.g. 0.5 COMP).
- Select BAL account to deposit to.
- Select the fiat account to withdraw funds from. Click preview purchase.
- Review the transaction details. Click buy now.
- For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone or to your authenticator app. More information on Two-Step Authentication available here.
- Enter the code received. Click submit.
- You will receive an email confirming the successful completion of the transaction.
Steps (Rain app):
- Open Rain app. For more information about Rain app click here.
- Log in to your Rain account.
- Visit the market or portfolio page and select Compound
- Tap Trade and select Buy
- Enter the amount you would like to buy. You can either enter the value in fiat (e.g. USD 100) or COMP value ( e.g. 0.5 COMP). Use the arrow on the right side to switch between USD and COMP.
- Select fiat account to pay with. Click preview purchase.
- Review the transaction details. Click buy now.
- Enter the code received. Click submit.
- You will receive an email confirming the successful completion of the transaction.
For more information about the weekly trading limits click here.