How to store COMP, Compound with Ledger Wallet
The Ledger Nano X and Ledger Nano S support over 1,800 cryptocurrencies, including Compound (COMP).
To get started, install the Ethereum app on your device to manage COMP. The Ethereum app is used for all ERC-20 tokens, including COMP.
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Please download the last update of Ledger Live Application:
Find Your COMP Deposit Address
In the Ethereum app on your Ledger wallet, select “Receive”. This will display your Ethereum address, which starts with 0x. You will send your COMP to this address.
If you do not already own COMP tokens, you need to purchase them on an exchange. Buy COMP, then withdraw the tokens to your Ledger Ethereum address. The withdrawal process can take up to a couple hours to complete, so be patient.
View Your COMP Balance
To view your COMP balance on Ledger Live, the desktop app, you need to add COMP as an asset. Go to the “Accounts” screen, select your Ethereum account and click “Add token”. Search for COMP, select it, and enter the contract address: 0xc00e94cb662c3520282e6f5717214004a7f26888.
By using a Ledger hardware wallet you have full control of your Compound tokens in a secure manner.
