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cDAI wallet

The right hardware wallet for your cDAI

Looking for a hardware wallet to secure your cDAI? Join 6+ million customers who trust Ledger wallets to secure and manage their crypto.

  • Secured by Ledger™
Secure your cDAI
Trusted by over 6 million customers
cDAI wallet
Ledger Secured Solution

How to secure your cDAI ?

Connect your Ledger hardware wallet to a compatible third-party wallet to secure and manage your cDAI. 

Ledger hardware wallet

Ledger hardware wallet stores your private keys and allow you to sign transactions offline, making them resistant to malicious attacks and threats.

Metamask

With Metamask, you can send/receive, swap cDAI, view transaction history, and more.  

How to get a cDAI wallet?

1
Get a Ledger wallet

Get a Ledger wallet

Select and purchase a Ledger wallet of your choice.

  • Beginner in the crypto world? Get started with Ledger Nano S Plus™.
  • Prefer a Bluetooth connection? Try with Ledger Nano X™.

Buy a Ledger

2
Connect your Ledger device to Metamask

Connect your Ledger device to Metamask

  • Visit the official Metamask website and download and install Metamask.
  • Connect your Ledger Nano to Metamask.
3
Start your cDAI journey securely

Start your cDAI journey securely

With your Ledger hardware wallet connected to Metamask, you can review and sign transactions securely.

The best way to keep your cDAI secure

Ledger Nano S Plus

Ledger Nano S Plus

4.5/5 - 1 213 Reviews

The perfect crypto wallet to start securely managing your cDAI.

  • Desktop
  • USB-C
  • Crypto & NFT
Learn more
Most popular
Ledger Nano X

Ledger Nano X

4.5/5 - 11 108 Reviews

Secure and manage your crypto on-the-go with our Bluetooth®-enabled cDAI hardware wallet.

  • Desktop & Mobile
  • Bluetooth
  • USB-C
  • Crypto & NFT
Learn more
Ledger Stax

Ledger Stax

Coming soon

Our most advanced and customizable cDAI wallet yet, enjoy a curved E Ink touchscreen crypto-experience unlike ever before.

  • Desktop & Mobile
  • Bluetooth
  • USB-C
  • Larger screen
  • Crypto & NFT
Learn more

Choice of 6,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

What is cDAI?

Compound DAI, abbreviated as cDAI, is a cryptocurrency issued by the Compound Protocol. The Compound Protocol is a smart contract on the Ethereum blockchain that enables users to lend or borrow digital assets. By borrowing their cryptographic funds through the platform, users can earn interest on their investments.

The Compound protocol offers various loan pools to users to lend their cryptographic funds. When a user decides to lend their funds, they can choose which loan pool to deposit them in based on the desired currency. If a user decides to lend their funds in the DAI loan pool, they will receive a corresponding amount of tokens. DAI is a stablecoin that is stabilized against the value of the US dollar. DAI and cDAI adhere both to the ERC20 standard and are therefore stored and traded on the Ethereum blockchain.

While your invested funds remain in DAI, they are backed by cDAI and you earn interest in cDAI. You can trade your cDAI freely, but your original DAI cannot be traded or transferred while it is held in the protocol and accruing interest. When you choose to withdraw your investment and exit the protocol, the cDAI you own will be converted back to DAI and your funds will be returned to you in their original form: DAI coins.

Frequently Asked Questions

When you first buy cryptocurrency, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cold wallet to spend, withdraw, or transfer your tokens.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano hardware wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano cryptocurrency wallets keep your keys secure and give you complete control over your assets.

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