Best Compund COMP Interest Rates and Staking Rewards APY

Best Compound COMP interest rates and staking rewards APY

Welcome, in this article you will find the best Compond COMP interest rates and staking rewards APY.

We list all the companies offering Compound COMP saving account so you easily can see where to get the best yield.

It´s important to make your HODL coins work for you so you can earn crypto passive income.

List: Best Compound COMP Interest Rate

In the table below, you find the best Compound COMP interest rates and staking rewards APY.

As you can see, Celsius Network will give you the best yield on your COMP holdings.

You can get a slightly better yield with Crypto.com but then you have to stake a lot of CRO tokens.

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Celsius - Best Compound COMP interest rates

Celsius Network is offering the best Compound COMP interest rate. Celsius Network is the largest CeFi lending and borrowing company with a market cap of around 2 billion dollar.

Celsius is offering interest account on a wide list of cryptocurrencies and stablecoins.

Celsius Network Sign-Up bonus and Deposit Bonus Codes

Celsius has a great sign up bonus where you will get $50 worth of Bitcoin BTC if you deposit at least $400 and hold them for at least 30 days.

In addition, Celsius has many promo codes if you are about to deposit more into their lending platform.

Celsius SignUp Bonus

Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.

 

Code: 187146807e

Crypto.com Earn and Interest on COMP

Crypto.com is offering the best Compound COMP interest rate if you stake enough CRO.

However, if you don´t stake any CRO the COMP interest rate is as low as 0.5%.

But remember, there are more benefits than only higher itnerest rates on the Crypto.com Earn features. For example, you will get a CRO staked VISA card with great rewards such as free Spotify, free Netflix, free Amazone Prime and more.

 

Crypto.com Bonus Codes and Offers

Crypto.com consist of a complete ecosystem areound cryptocurrencies. Regarding crypto passive income, they have “Earn” in the Crypot.com app, CRO staking in the desktop exchange application and Crypto.com Supercharger.

If you sign up with the Crypto.com mobile app and use our referral code you can get a $25 bonus for free. See the terms in the blue box below.

If you sign up with the Crypto.com exchange and use our referral link you can get $50 bonus for free if you stake 5.000 CRO or more in the desktop version.

Crypto.com SignUp Bonus

When you signup with Crypto.com via our referral link and stake CRO for a Ruby metal VISA card ($400) you will get $25 in a welcome bonus. The ruby card will give you 2% cashback on all purchases and 100% back on Spotify.

Crypto.com Referral Code: mcmk7qgbhh

Binance Earn and COMP staking rewards

With Binance Earn you can deposit and earn staking rweards on most cryptocurrencies. However, the staking returns varies a lot. On some cryptocurrencies, Binance is offering the best returns while they offer the lowest returns for other cryptos.

Binance Best Referral Codes

We give you the best Binance referral ID where you will get -20% on all fees ever charged by Binance.

YouHodler COMP interest Rate

Youhodler is offering a low Compound COMP interest rate and you should consider the other options listed in this article. Read more in our YouHodler Review.

What is Compound COMP?

Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates.

In the video below, you can see how Coin Bureau describes the Compound protocol. Coin Bureau is the best information source on the Youtube and also the largest Youtube channel for crypto related content.

Pay Tax on Compound COMP interest payouts

Yes, you will have to pay tax on Compound COMP payouts.

Luckliy, there is an easy way to do this with a crypto tax software. With a crypto tax software you can automatically import all your transactions and let the software calculate all your tax obligations in your local fiat currency.

Read our complete guide on tax on crypto interest payouts

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Where to buy Compound COMP

Binance is the best place to buy Compound COMP with the most trading volume as you can see in the screenshot from Coingecko below.

Are there any risks with Compound interest accounts?

Yes, definitely.

There are risks associated with any type of financial asset and 3th party interaction.

What are some risks?

  1. Some interest accounts have lock up periods. The deposited cryptocurrency can loose in value during the lock up period and you might not be able to sell due to the lock up terms.
  2. The 3th party hosting the interest account can default/go bankrupt.
  3. The 3th party hosting the interest account can be hacked.

You are always responsible to do your own research before you deposit any financial asset to a 3th party and we only create this content for information purpose. We use affiliate links which means that we will get a reward if you sign up and deposit to any of the listed companies.

Read more about crypto investing risks in our crypto portfolio risk management article.

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