📖 5 min read ✍️ 21 Rates Editorial Team 📅 Updated December 2024
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Ledn

Bitcoin Only Est. 2018
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About Ledn

Canadian digital asset financial services company offering Bitcoin-backed loans and savings accounts. Provides proof of reserves, transparent lending practices, and some of the most competitive rates in the industry.

Loan Terms & Rates

Interest Rate
12.4%
Min Loan
$500
Loan Term
0-12 months
Max LTV
50%

Loan Details

Origination Fee None
Maximum Loan Negotiable
Rehypothecation No
Repayment Terms Interest Only, Principal + Interest
Custodian Bitgo
KYC Required Yes

Risk Analysis

Overall Risk Score: 8.2/10

Risk Score: 8.2/10. Strengths: no rehypothecation, conservative LTV, Bitcoin-only focus.

Custodial Risk:

Low risk: Uses Bitgo custody solution with strong security practices

Counterparty Risk:

Low risk: No rehypothecation. Collateral held in custody.

Loan Structure:

Conservative: Max LTV of 50% provides strong collateral buffer

Auditability:

Excellent: Regular proof of reserves or third-party audits

Regulatory:

Adequate: Operating with standard compliance measures

Insurance:

Third-party: Client assets held at their custodian Bitgo are covered by custodian's insurance policy.

Transparency:

Good: Most key information is transparent

Loan Calculator Example

Example: $50,000 loan at 10% APR over 24 months

Monthly Payment
$2,261.36
Total Interest
$4,272.75

Compare Ledn with Other Lenders

Compare Ledn with other Bitcoin lenders on 21Rates:

Frequently Asked Questions About Ledn

What interest rates does Ledn offer for Bitcoin loans?
Ledn offers competitive rates for Bitcoin-backed loans. Contact them directly for current interest rate information based on your specific loan requirements.
What is the minimum loan amount at Ledn?
The minimum loan amount at Ledn is $500. This allows both small and large borrowers to access Bitcoin-backed lending.
Is Ledn safe and legitimate?
Ledn has a risk score of 8.2/10 based on our analysis of custody practices, regulatory compliance, and operational history. Risk Score: 8.2/10. Strengths: no rehypothecation, conservative LTV, Bitcoin-only focus.
What LTV ratio does Ledn offer?
Ledn offers a maximum loan-to-value (LTV) ratio of 50%. This means you can borrow up to 50% of your Bitcoin's current value. Higher LTV means more borrowing power but also higher liquidation risk.
How long are the loan terms at Ledn?
Ledn offers loan terms ranging from 1 to 12 months. Shorter terms typically have lower total interest costs, while longer terms offer lower monthly payments.

About This Review

21
21 Rates Editorial Team
Bitcoin Financial Research Analysts

Our research team analyzes Bitcoin lending platforms using proprietary risk scoring, rate comparison data, and user reviews. We independently verify lender terms and maintain up-to-date information to help you make informed borrowing decisions.

Last verified and updated: December 2024

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