Ledger Wallet Support

How to add Compound (COMP) to Ledger Live

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Adding Compound (COMP) to Ledger Live is a straightforward process that allows you to manage your Compound tokens securely. Follow these steps to integrate COMP into your Ledger Live wallet.

This article will help you create your first Compound (COMP) with your Ledger wallet.

Please download the last update of Ledger Live Application:

1. Ledger Live for Windows 10/11

2. Ledger Live for MAC

3. Ledger Live for Android

Before you start

  • Download and install the latest version of Ledger Live. 
  • Ensure your Ledger Nano S / Nano S Plus / Nano X runs the latest OS version.

Step 1: Install Ledger Live

If you haven’t already, download and install the latest version of Ledger Live from the official Ledger website. Ensure that you have your Ledger hardware wallet connected and set up properly.

Step 2: Update Firmware

Before adding new assets, it’s crucial to update your Ledger device’s firmware. Open Ledger Live and navigate to the “Manager” section. If there’s an update available for your device, follow the prompts to install it.

Step 3: Install the Compound App

1. In Ledger Live, go to the “Manager” section.

2. Use the search bar to look for “Compound” or “COMP”.

3. Click on the install button next to the Compound app. Wait for the installation process to complete.

Step 4: Access the Compound App

Once the app is installed, you need to open the Compound app on your Ledger device. Follow these steps:

1. Navigate to your Ledger device and open the app switcher.

2. Find and select the Compound app.

Step 5: Add COMP to Your Asset List

1. In Ledger Live, go to the “Accounts” section.

2. Click on “Add account” or the “+” button.

3. Select the Compound app from the list of available apps.

4. Your Ledger Live will scan for existing Compound accounts. If you already have a COMP account, it will appear here. If not, you can create a new one.

Step 6: Confirm the Addition

Once your COMP account is added, you’ll see it listed in your accounts within Ledger Live. You can now manage your Compound assets from your Ledger Live interface.

Final Tips

  1. Always double-check that you are using the official Ledger Live application and only obtain software from trusted sources.
  2. Keep your Ledger firmware and apps updated to ensure optimal security and functionality.
  3. Regularly back up your recovery phrase to secure access to your assets.

By following these steps, you can confidently manage your Compound (COMP) tokens using Ledger Live. If you have any questions or need assistance, don’t hesitate to consult the official Ledger support page or community forums.