Can I use my credit card to make deposits or withdrawals on the platform of Compound ?
No, you cannot use your credit card to make deposits or withdrawals on the platform of Compound.
Compound is a decentralized finance (DeFi) protocol that allows users to borrow and lend digital assets such as Ethereum (ETH) and other ERC-20 tokens. All deposits and withdrawals must be made in cryptocurrency, not fiat currency. This means that you will need to use a cryptocurrency wallet or exchange to purchase the digital assets you wish to deposit or withdraw from Compound.
Once you have purchased the digital asset, you can then transfer it into your Compound wallet and begin trading on the platform.
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