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Home Platforms Ledn vs YouHodler

Compare Ledn vs YouHodler

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Definda Score™

The Definda Score is an impartial, objective analysis of platform features.
Savings Rates
6.1
Loan Rates
4.6
Established
3.1
Reviews
8.9
Risk Management
8
Withdrawals
5
Coverage
2
Support
6
Savings Rates
7.7
Loan Rates
2
Established
2.5
Reviews
8.2
Risk Management
8
Withdrawals
9
Coverage
3.8
Support
8
Savings Rates
6.1
Savings Rates
7.7
Loan Rates
4.6
Loan Rates
2
Established
3.1
Established
2.5
Reviews
8.9
Reviews
8.2
Risk Management
8
Risk Management
8
Withdrawals
5
Withdrawals
9
Coverage
2
Coverage
3.8
Support
6
Support
8

Pros & Cons

tick Ultra simple model
tick No hidden fees
tick Only one interest payment at end of 12 month term required on loans
tick Automatically buy more bitcoin with a loan secured against your existing bitcoin
tick Proof of company crypto reserves provided by major accountancy firm
tick Higher average review rating than YouHodler, but based on fewer reviews (89% vs 82%)
tick Higher rating on Trustpilot than YouHodler (4.7 vs 4.4 stars)
tick Has independent proof of reserves but YouHodler doesn't
tick Interface supports Portuguese-Portuguese whereas YouHodler doesn't
tick Very high LTV up to 90% available on loans
tick Innovative Multi-HODL product allows market speculation with savings funds
tick Turbocharge allows highly leveraged speculation on crypto assets with multiple loans on one deposit of collateral
tick You can use NFTs as collateral
tick More reviews than Ledn (5,097 vs 698 reviews)
tick Higher rating for android phone app than Ledn (4 vs 2.5 stars)
tick Been in business longer than Ledn (Founded 2017 vs 2018)
tick Quicker time to withdraw crypto than than Ledn (Under 1 hour vs 30 hours)
tick Fiat exchange available on YouHodler but not on Ledn
tick Instantly buy crypto with fiat on YouHodler but not on Ledn
tick Has a lower level of insurance than Ledn
tick Has 24/7 support but Ledn doesn't
tick Interface supports French, Korean, Japanese, Turkish, Polish, Simplified Chinese, Russian, German and Italian whereas Ledn doesn't
Loan Rates
tick Ledn has a lower loan rate for US Dollars (USD) (7.9% vs 13.7%)
tick Ledn offers loans in USD Coin (USDC) stable coin deposits whereas YouHodler does not
2 more loan rates pros ...
Loan Rates
tick YouHodler offers loans in Euros (EUR) fiat currency deposits whereas Ledn does not
cross Mobile app has very limited functionality
cross Savings rates only available fro BTC and USDC
cross Much lower savings rates for large BTC deposits
cross Bitcoin is only token acceptable as loan collateral
cross Not available in USA
cross High loan interest rates
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Withdrawals

Withdrawal Time
30 hours
Withdrawal Time
Less than 1 hour
Withdrawal Score
5
Withdrawal Score
9
Withdrawals Experience

Ledn has a very simple model. As soon as you deposit either BTC or USDC then those deposits immediately start earning interest. There is no need to manually transfer the money to a savings account once on the Ledn platform. This means that when you need to withdraw funds, you can withdraw them directly from the savings account. Savings accounts have no lock in period and you can withdraw your funds at any time.

Withdrawals are processed manually and Ledn states that the vast majority of requests are processed within 24 hours, but that the terms of the savings account stipulate that it can take up to 7 days. In our tests, withdrawals took about 30 hours from the time of request to the funds arriving in your wallet.

Ledn does not charge any withdrawal fees on BTC, however you must pay the miner's fees associated with the withdrawal. These fees will be deducted from the amount that you withdraw. There is a minimum withdrawal amount of 0.0005 BTC. For USDC withdrawals a fee does apply which is 35 USDC.

Ledn state in their FAQ that some withdrawal requests may require a confirmatory video call with the platform.

To date Ledn has never frozen withdrawals on any of their currencies.

Withdrawals Experience

In order to be eligible to make withdrawals you need to have completed the platform Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

The minimum withdrawal amount for cryptocurrencies is 5 USD and for stablecoins is 50 USD. Most crypto withdrawals do not attract fees, but this does vary by currency.

In our experience withdrawals are very fast, and appear to be automatically processed as soon as the request is made.

Many customer reviews mention how smooth the withdrawal process is.

There is no record of YouHodler ever having frozen withdrawals.

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Risk

Risk Management Score
8
Risk Management Score
8
Risk Management

Ledn accounts feature 2 factor authentication for key activities such as login and withdrawals. You can whitelist withdrawal addresses so that funds can only be sent to those addresses. You can also add a personal anti-phishing phrase to the site. This phrase will be included in any emails sent to you which will help you to verify that the email was sent by Ledn and not an impersonator.

Ledn state in their FAQs that assets deposited on the platform are not loaned out to borrowers and instead 100% of these deposits are stored with a third party cold storage custodian, Bitgo. However, elsewhere in their FAQs they state that they may in fact lend out these assets to a borrower and will not necessarily hold an equivalent amount of crypto as collateral. They go on to state that their primary borrower is Genesis. So we have mixed messages from Ledn about the extent to which deposits are loaned out, but in all likelihood deposits are loaned out as this is how they generate a return to pass on to you.

One unique feature of Ledn is that you can verify that your deposit really does exist in Ledn's accounts. This is done by way of a an attestation by Armanino LLP, a top tier accountancy firm. The Ledn web app provides a link to the Armanino asset verification page. Here you can enter a unique hash associated with your account which then reveals Armanino audit of your personal assets. The ability to verify personal individual assets in this way is quite unique and very reassuring. Other platforms that have implemented proof of reserves systems normally show that the total assets of the company exceed total customer liabilities, but there is no way to verify your individual assets.

Risk Management

YouHodler offers two factor authentication on accounts to increase security against unauthorised access.

Fiat deposits are stored with reputable banks and crypto deposits are stored with Ledger Vault and covered by $150m insurance.

YouHodler is unique in its approach to yield generation. Unlike most other platforms, YouHodler does not lend funds outside of the platform. YouHodler does not invest funds into liquidity pools, DeFi protocols or other high-risk strategies. All yield is generated within the YouHodler platform through interest on loans taken out on the platform and fees charged by the platform.

We were unable to find any independent proof of reserves for YouHodler. Such proof would normally be undertaken by an independent accountant and would verify that the platform holds assets of greater value than customer liabilities (deposits). We hope YouHodler will look to introduce this in the future as it provides significant reassurance that the platform holds sufficient funds to repay all customer deposits if required.

YouHodler does provide a page of interesting stats about the platform. These stats include a chart which compares YouHodler's revenue against interest payments. The chart shows that revenue exceeds interest payments, although in some quarters the revenue has only marginally been higher than interest payments. Nonetheless, the chart provides some reassurance over the liquidity of the YouHodler platform.

YouHodler engages external security consultants to audit the security of the YouHodler platform.

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Reviews

89% based on 698 reviews
82% based on 5,097 reviews
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Savings Rates

The table below compares the savings rates for Ledn and YouHodler. Enter the amount you intend to deposit to get a more detailed comparison.
Stable Coins
USDC USD Coin
7.5% APY
7.5% APY
Crypto Currencies
BTC Bitcoin
2% - 5.25% APY
2% - 5.25% APY
Loading rates ...
Stable Coins
8% APR
8% APR
DAI Dai
8% APR
8% APR
8% APR
8% APR
HUSD HUSD
8% APR
8% APR
TUSD TrueUSD
8% APR
8% APR
USDC USD Coin
8% APR
8% APR
USDP Pax Dollar
8% APR
8% APR
USDT Tether
8% APR
8% APR
Crypto Currencies
4% APR
4% APR
AAVE Aave
6% APR
6% APR
ADA Cardano
6% APR
6% APR
APE ApeCoin
30% APR
30% APR
ATOM Cosmos
3% APR
3% APR
AVAX Avalanche
9.5% APR
9.5% APR
25% APR
25% APR
3% APR
3% APR
5.5% APR
5.5% APR
BNB BNB
3% APR
3% APR
BNT Bancor
3% APR
3% APR
4.5% APR
4.5% APR
BTC Bitcoin
3% APR
3% APR
1.5% APR
1.5% APR
7% APR
7% APR
COMP Compound
2.5% APR
2.5% APR
DASH Dash
5.5% APR
5.5% APR
DOGE Dogecoin
3% APR
3% APR
DOT Polkadot
9% APR
9% APR
EGLD Elrond
5.5% APR
5.5% APR
EOS EOS
5% APR
5% APR
ETH Ethereum
4% APR
4% APR
FIL Filecoin
3.5% APR
3.5% APR
FTM Fantom
4% APR
4% APR
FTT FTX Token
4% APR
4% APR
GALA Gala
3% APR
3% APR
GMT STEPN
20% APR
20% APR
3% APR
3% APR
ILV Illuvium
3% APR
3% APR
LINK Chainlink
3.7% APR
3.7% APR
LTC Litecoin
5.5% APR
5.5% APR
4% APR
4% APR
3% APR
3% APR
MKR Maker
2.5% APR
2.5% APR
7% APR
7% APR
3% APR
3% APR
PAXG PAX Gold
3% APR
3% APR
REP Augur
2.5% APR
2.5% APR
3% APR
3% APR
SNX Synthetix
6% APR
6% APR
SOL Solana
8% APR
8% APR
SRM Serum
3% APR
3% APR
SUSHI SushiSwap
7% APR
7% APR
TRX TRON
7% APR
7% APR
UNI Uniswap
7% APR
7% APR
XLM Stellar
4.5% APR
4.5% APR
XRP XRP
4% APR
4% APR
XTZ Tezos
4% APR
4% APR
4.5% APR
4.5% APR
ZIL Zilliqa
5.5% APR
5.5% APR
ZRX 0x
4.5% APR
4.5% APR
Loading rates ...
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Loans Rates

The table below compares the loan rates for Ledn and YouHodler. Enter the amount you intend to borrow to get a more detailed comparison.
Fiat Currencies
USD US Dollars
7.9% APR
50% LTV 7.9% APR
Stable Coins
USDC USD Coin
7.9% APR
50% LTV 7.9% APR
Loading rates ...
Fiat Currencies
EUR Euros
13.7% - 36.5% APR
90% LTV 13.7% - 36.5% APR
USD US Dollars
13.7% - 36.5% APR
90% LTV 13.7% - 36.5% APR
Stable Coins
Loading rates ...
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Company

Legal name
Ledn Inc
Legal name
Youhodler SA
Year founded
2018
Year founded
2017
Country incorporated in
47
Country incorporated in
222
Headquarters country
47
Headquarters country
222
Decentralised
tick Yes
Decentralised
tick Yes
Number of employees
40
Number of employees
11-50
Total assets under management
$1,000,000,000USD
Total assets under management
Withdrawal time in hours
30hours
Withdrawal time in hours
0
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Products

Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
Margin trading
tick Yes
Corporate accounts
cross No
Corporate accounts
cross No
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
Futures exchange
cross No
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Security

Insurance level
$100,000,000USD
Insurance level
$150,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
BitGo
Cold storage custodian
Ledger Vault
Crypto security standard
Crypto security standard
Yes - Level of compliance not clear
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Loan over collateralisation percent
Loan over collateralisation percent
100%+
Credit check
cross No
Credit check
cross No
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Support

24/7 support
cross No
24/7 support
tick Yes
Email support
tick Yes
Email support
tick Yes
Phone support
cross No
Phone support
cross No
Chat support
tick Yes
Chat support
tick Yes
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Fees

Exchange fees
0% exchange fees
Exchange fees
0% exchange fees
Fiat deposit fee
Fiat deposits not accepted
Fiat deposit fee
Free, except USD SWIFT (25 USD fee per deposit) and EUR SWIFT (25 EUR fee per deposit)
Fiat withdrawal fee
Fiat deposits not accepted
Fiat withdrawal fee
USD (SWIFT) - 5% (min 70 USD), EUR (SEPA) - 5 EUR, EUR (SWIFT) - 55 EUR, GBP/CHF - 0.15% (55 GBP / 55 CHF min)
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Withdrawal process
Withdrawals are processed manually, normally with 24 hours. They can take up to 7 days max.
Withdrawal process
Provided you have completed the KYC and AML checks, withdrawals are very fast and smooth. Withdrawal requests are often processed within seconds of the request being made. User reviews repeatedly mention that they are impressed with the withdrawal process.
Withdrawal time
30 hours
Withdrawal time
0
Crypto withdrawal fee
Miner's fee only for BTC withdrawals. 35 USDC for USDC withdrawals.
Crypto withdrawal fee
Free except BAT (10 BAT), REP (0.2 REP), LINK (0.43 LINK), XRP (0.5 XRP), PAXG (0.002 PAXG), UNI (1 UNI), COMP (0.04 COMP ), MKR (0.01 MKR), ETH (0.003 ETH)
Savings crypto account withdrawal limit
Up to 1,000,000 USDC every 7 days and up to 100 BTC every 7 days
Savings crypto account withdrawal limit
Min withdrawl 10-50 USD in crypto equivalent
Savings fiat account withdrawal limit
No fiat savings withdrawls
Savings fiat account withdrawal limit
Min withdrawl by bank card - 2 USD / 2 EUR, by bank wire - 500 for USD; 50 for EUR; 500 for CHF and GBP
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Investment Strategy

Liquidity pools
Liquidity pools
cross No
DeFi products
DeFi products
cross No
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
tick Yes
Independent proof of reserves
cross No
Proof of reserves
You verify that your specific deposits do exist within Ledn assets via a web link to Armanino LLP
Proof of reserves
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Registrations & Regulation

Know your customer
tick Yes
Know your customer
tick Yes
PCI DSS v3.2.1 Level 1
PCI DSS v3.2.1 Level 1
tick Yes
CryptoCurrency Security Standard (CCSS)
CryptoCurrency Security Standard (CCSS)
tick Yes
Cryptovalley Switzerland
Cryptovalley Switzerland
tick Yes
Blockchain Association
Blockchain Association
tick Yes
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Other Platform Comparisons

Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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