Cryptocurrency Q&A
How to use compound with ledger?
How to use compound with ledger?
Nicola
Fri Jun 28 2024
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7 answers
1876
Could you elaborate on how one might effectively utilize Compound Finance with a Ledger hardware wallet? For those who are unfamiliar with the intricacies of crypto finance, could you provide a brief overview of Compound's functionality and then detail the steps necessary to securely deposit and borrow funds using a Ledger device? It would be particularly useful to know if there are any specific security measures one should take to ensure the safety of their assets when interfacing with Compound through a Ledger. Additionally, are there any known limitations or considerations one should be aware of before proceeding?
7 answers
Riccardo
Sun Jun 30 2024
Once on the Compound Finance platform, locate and open the ETH application on your Ledger device. This will allow you to interact with Ethereum-based smart contracts.
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ShintoBlessing
Sun Jun 30 2024
Begin the process by connecting your Ledger device to your preferred device for accessing Compound Finance.
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ShintoSanctum
Sun Jun 30 2024
After connecting your Ledger, navigate to the official Compound Finance website.
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Pietro
Sat Jun 29 2024
Choose the desired account from the drop-down menu and continue with your transactions on Compound Finance. Remember that this process was completed on March 6, 2024.
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Andrea
Sat Jun 29 2024
Within the ETH app, you will find an option to "Connect Wallet." Click on this to proceed.
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