GDAX or Coinbase Pro offers straightforward steps in processing Compound (COMP) or Fiat money withdrawals. To gain access to all available features on GDAX, you need to completely verify your account.
We prepared this guide to help you with your first Compound (COMP) withdrawal on GDAX.
Access the GDAX website by clicking this link. The link is now showing as Coinbase Pro.
Once you’re logged in, type in your registered email address and password.
After logging in, proceed at the upper-left side corner of the page and select your currency, then click on “Withdraw.”
To withdraw Compound (COMP) from your GDAX account, select your Compound (COMP) from the drop-down menu under “Select currency.” After selecting your Compound (COMP), click on “Compound (COMP) address” and enter the address. Make sure that you supply the correct one to avoid losing funds as it can no longer be reverted once completely processed.
Click on “Withdraw funds” to proceed.
To deposit Compound (COMP) on your GDAX account, select your Compound (COMP) from the drop-down menu under “Select currency.” After selecting your currency, you will be routed to another page showing you different methods to select from in processing withdrawal. Fill out the form with the information required by the system. Make sure your information are accurate and complete to avoid delays or losing funds. Click on “Withdraw funds” to proceed.
With Kraken, you can deposit cryptocurrencies like Compound (COMP) as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Compound (COMP) on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Compound (COMP), click on “Deposit” and select your preferred Compound (COMP). Make sure that the Compound (COMP) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Compound (COMP) to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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