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Receive Compound

 

Receiving Compound (COMP) from an external address to your Rain account can be done via a QR code or by using your Rain account Compound address. 

 

Requirements: 

  1. Rain account. You will need a Rain account to receive COMP.

  2. Rain COMP address. You will need your Rain COMP address in order to receive COMP.

If you want to receive Compound using the Rain app,See below for a step by step guide.

 

NOTE: Please ensure to transfer your COMP through the ERC-20 network only.

 

Steps (Rain website): 

  1. Log in to your Rain account. 

  2. Click on Portfolio.

  3. Click on Receive. 

There are two ways to receive Compound in your Rain account, either using your Compound Address or a QR code.

Method 1: Using the QR code 

  1. Open your external COMP wallet containing the funds you want to transfer.

  2. Click on the QR code icon in the wallet application.

  3. Hold the device camera over the Rain QR code. 

Method 2: Using your Compound address

  1. Copy your Rain COMP address under "Receive to".

  2. Open your external COMP wallet containing the funds you want to transfer.

  3. Paste the address into your external COMP wallet.

NOTE: Compound transfers take 10 minutes to 1 hour to arrive. 

  

Steps (Rain mobile app):

  1. Open the Rain app on your phone. For more information about the Rain app click here.

  2. Visit the market or portfolio page and select Compound

  3. Tap Trade and select Receive

There are two ways to receive Compound in your Rain account, either using your Compound Address or a QR code.

Method 1: Using the QR code 

  1. Hold the device camera over the Rain QR code. 

Method 2: Using your Compound address

  1. Copy your Rain COMP address in the field under "Share your address". 

  2. Open your external COMP wallet containing the funds you want to transfer.

  3. Paste the address into your COMP wallet containing the funds you want to transfer.

NOTE: Compound transfers take 10 minutes to 1 hour to arrive. 

 

About Rain

Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.

 

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