cUSDC wallet

The best cold wallet for your cUSDC coins

Secure your cUSDC assets with the most trusted cryptocurrency wallet. Cold storage wallets are encrypted devices that store your cUSDC tokens offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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What is cUSDC?

Compound USDC, or cUSDC, is a digital asset issued by Compound, a protocol for supplying or borrowing assets on the Ethereum blockchain. The Compound Protocol allows users to lend their cryptocurrency to earn interest. The abbreviation "cUSDC" is used as a shorthand for this asset.

The Compound Protocol offers a variety of loan pools for users to choose from when lending their cryptocurrency. When users deposit their funds in USDC, they will receive an equivalent amount of cUSDC, which is a digital asset issued by Compound. USDC is a stablecoin that maintains a value of 1:1 with the US dollar, while cUSDC is a representation of the deposited USDC on the Compound Protocol. Both USDC and cUSDC are based on the ERC20 standard and can be used on the Ethereum blockchain.

When you lend your USDC to the Compound Protocol, your original investment is protected by cUSDC and you will earn interest in cUSDC. While your funds are held in the protocol and earning interest, your original USDC cannot be traded or transferred. However, you can trade your cUSDC freely. When you decide to withdraw your investment and end your participation in the protocol, your cUSDC will be converted back to USDC and your original funds will be returned to you in the form of USDC coins.

What is a cUSDC wallet?

To store and manage cUSDC, you need a compatible hardware wallet.Manage your tokens with a compatible third-party wallet while keeping them safe with a Ledger device:

Ledger hardware wallet

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

Third-Party Wallet

Third-party wallet allows you to buy, send/receive, and swap cUSDC, view transaction history, and more, depending on its capabilities.

How to get a cUSDC hardware wallet?

01

Get Ledger Nano

Select and purchase a Ledger cold wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger hardware wallet

02

Download and install extension

Download and install a compatible third-party wallet that lets you manage your cUSDC.

Download extension

03

Connect your Ledger Nano to wallet

  1. Connect your Ledger Nano to a computer/smartphone and unlock it.
  2. Open your wallet extension.
  3. Connect your wallet to Ledger Nano.

You’re all set, you can now use wallet!

Buy, manage, and stake cUSDC at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake cUSDC to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

1

The best way to keep your cUSDC coins secure

Secure multiple assets, including cUSDC using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your cUSDC assets with the first and only independently-certified cUSDC wallet on the market.

Discover our Nano S Plus
Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your cUSDC assets.

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Choice of 5,000,000+ 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

Frequently Asked Questions

When you first buy token, 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 wallet to spend, withdraw, or transfer your assets.

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 hardware wallets keep your keys secure and give you complete control over your tokens.

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