That is compatible with the board. The problem you will face(if there is a compatible issue) is with the case. Check if the height of the Cooler fits your case clearance. There are many other options. I would recommend you to go with Cryorig H7 instead of CM Hyper 212 if you want budget CPU cooler. There are even better options like Cryorig R5 Universal which is lot better in cooling and provides stable higher clock speeds but costs bit extra.
Besides Air cooler you shouldn't worry about liquid cooling options as recently the improved quality in make is nullifying causes of leakage. If you still worry then should go with Corsair Liquid coolers. Because in worst cases if something happens and it leaks and damages other components...