Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Ledn
Ledn reviews
Review Score
143 Reviews
Platform Age
5 Years
HQ Country
Max BTC Staking Yield

Average rating of 58% based on 143 reviews.

Founded 5 years ago in 2018.

Headquartered in Canada.

Bitcoin (BTC) staking yield up to 6% APY.

Go to Ledn earnings calculator

Average rating of 58% based on 143 reviews.

Founded 5 years ago in 2018.

Headquartered in Canada.

Bitcoin (BTC) staking yield up to 6% APY.

Go to Ledn earnings calculator

Reviewed by Yunis
7 April 2021 (Updated 30 March 2023)

Ledn Crypto Platform

DeFinda Score™

An impartial, objective analysis of Ledn's features to help you compare platforms. Read our full analysis.
Staking Yields
Loan Rates
Risk Management

Ledn is a cryptocurrency platform that offers savings accounts, loans and some exchange services. Ledn offers up to 8% APY on assets that you HODL while you can access loans using your Bitcoin as collateral with no credit checks required. You can even borrow funds to purchase more bitcoin.

Ledn is a Canadian crypto financial services company that was founded in 2018 by Adam Reeds and Mauricio Di Bartolomeo. The company raised 30 million in series A financing. Alan Howard and Coinbase are among its investors.

What makes Ledn different is its simplicity and speed. Ledn provides services only in bitcoin and stablecoins. It also started an exchange service between Bitcoin and USDC stablecoin. Its exchange platform is very simple and quick. Ledn has active clients in 105 countries, and has exceeded $1 billion in assets on its platform.

Ledn claims to be first digital asset lending company that offers a Proof-of-Reserves attestation by Armanino LLP which is a top-25 public accounting firm. Users are provided a hashed ID and a link to Armanino LLP's TrustExplorer website. Visiting this link enables users to confirm their balance exists on the platform at the time of the attestation.

Ledn also has a partnership with Genesis Capital to ensures the efficiency of its saving account operations. Ledn stores your collateral Bitcoin offline in a cold storage wallet to maximize security.

Ledn is a boutique company compared to its competitors. Trust is established through their partnership with BitGo that provide cold wallet storage of funds and Armanino LLP who verify their reserves. The company has wide geographical coverage over North and South America. The Ledn platform and their customer service are available in Spanish and Portuguese as well as English.


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


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

DeFinda Score™

Staking Yields


Ledn has some of the best instant access saving rates for Bitcoin (6%), and has market average instant access saving rates for USD Coin (8%)

Loan Rates


Ledn has some of the best loan rates secured against Bitcoin (7.9%).

Note that loans are complex products with rates varying by collateral and LTV. For a full comparison visit our loans page.



Ledn was founded in 2018 which makes it 5 years old. That's still quite young as the oldest crypto platforms are 16 years old.

Ledn has approximately 40 employees. That makes it one of the smaller crypto platforms by number of employees.

Ledn has a total of approximately 1 billion USD of assets under management. Ledn is one of the smaller crypto platforms measured by assets held. The biggest crypto platforms are managing up to 21 billion USD of assets.



Ledn has an average expert rating of 80%, and an average user rating of 57% based on 139 user reviews. Expert reviews include Benzinga (90%), DeFi Nerd (80%), Bit Compare (80%) and The College Investor (70%).

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.



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.



Ledn supports 2 different cryptocurrencies. Key supported cryptocurrencies include Bitcoin and USD Coin. The biggest crypto platforms offer support for over 330 different cryptocurrencies.

Support for a larger number of cryptocurrencies is helpful if you are looking for trading opportunities, but may be less important if your priority is long term investment in one of the major cryptos.



Ledn offers support by email and online chat, however they do not offer support by phone and do not offer 24 hour support.

Ledn Reviews

Ledn has excellent reviews overall, with an ultra-easy user interface, simple concept, and excellent customer service. Simplicity is Ledn’s core strategy and thus they can maintain a very high customer satisfaction rate. If you are looking for extended trading abilities, Ledn is not for you.

LEDN's mobile apps are quite basic. You can view balances, receive funds and do basic crypto exchange on the app. For anything more sophisticated such as managing your savings or loans then you need to visit LEDN's website. Despite the app being so basic, people still like the model as it is so simple and easy to understand.

The company’s apps are very simple and super-easy to use. Ledn App is more like an online wallet where you can send funds and check your balances. While the Ledn iPhone App has very good reviews, some people are less than satisfied with the Ledn Android App and web interface.

Based on a total of 143 reviews across the web for Ledn we gave the platform an overall rating of 58%.

Ledn Rating
Based on 143 reviews
User Reviews
Overall User Rating
139 reviews 139
Android App
114 reviews 114
iphone App
14 reviews 14
4 reviews 4
Loans Canada
3 reviews 3
Featured Customers
3 reviews 3
Source Forge
1 review 1
Expert Reviews
Overall Expert Rating
4 reviews 4
DeFi Nerd
Bit Compare
The College Investor
Leave a Review for Ledn
Submit Review

Ledn YouTube Reviews

Ledn Promo Codes & Vouchers

$25 USDC Cashback

When you take out a loan

$10 Free USDC

When you deposit at least 75 USDC or 0.0015 BTC

Earn 10 USDC Referral Fee

Earn 10 USDC for every friend you refer to the LEDN platform

Ledn Staking & Savings Accounts

Savings Account Highlights
  • Earn up to 8% APY
  • Interest accrues daily
  • Interest paid monthly
  • Withdraw anytime
  • Safelisting feature provide extra safety

Ledn offers Bitcoin and USD savings accounts on its platform that are very simple and easy to use and offers rates up to 8% APY.

Interest accrues daily but is only be paid out at the end of the month. Deposits start earning interest on the first day of deposit. There is no minimum balance required to earn interest.

Interest rates change depending on the size of your fund not the length of the term. The savings rate reduces for larger crypto deposits.

All Ledn savings accounts payout interest in the same currency as you deposited. So if you deposit Bitcoin your interest will be paid in Bitcoin. If you deposit USD, your interest will be paid in USD.

Customers may request a complete or partial withdrawal from their Savings Account at any time. Withdrawal processing is typically within 24 to 48 hours but may time may take up to 7 days. The platform charges miner fees incurred in the external transfer from Bitcoin saving accounts or 10 USDC for USD saving accounts. Since the interest is paid in the preceding month, you won't be eligible to benefit from interest accrued but not yet credited to your account.

Ledn savings accounts offer a safe listing feature. Customers can pre-authorize wallet addresses for withdrawals. Every time you add or remove a safelisted address the saving account will be put on a 48-hour cool-down period.

You can calculate your potential earnings on LEDN using our LEDN interest rate calculator.

The table below shows Ledn's current savings rates Savings Account Interest Rates.

How Much Can I Earn on Ledn
Deposits below 0.1 BTC
Deposits above 0.1 BTC
USD Coin

Ledn Loans

Loan Account Highlights
  • No credit checks required
  • Instant USD loans
  • Buy 2x with Bitcoin loan
  • Rates start at 7.9% APR
  • Loans starting at $500 USD
  • LTV up to 50%
  • Fixed term 12 months

Ledn offers simple 12-month term loans in two types: Dollar loan and B2X Bitcoin loan. Dollar loans can be paid out in USDC, USD, or any preferred currency. B2X loans can only be used to buy more Bitcoin. Loan rates start at 7.9% APR and all loans are for a 12 month term. The minimum loan amount is $500 USD

You can only use Bitcoin as collateral for your loan and the the maximum loan to value is 50%. Lower LTV loans attract lower interest rates.

All loan applications are approved manually, normally in under 24 hours. Once approved you may have to wait another 24 to 48 hours to receive the loan funds. No credit checks are involved in the application process.

Ledn offers B2X loans that are designed to double your Bitcoin holdings. The loan allows you to buy additional Bitcoin secured against your existing Bitcoin holding as collateral. The process is automatic so you receive the additional Bitcoin once the loan has been approved. This is effectively a way of leveraging your Bitcoin position and should be used with extreme caution as a drop in the price of Bitcoin could see you facing a margin call to deposit more collateral or see you loan automatically liquidated.

Bitcoin used as collateral will be covered with BitGo’s most comprehensive insurance policy. Safety is Ledn top priority and the company’s partnership with Bitgo Capitals and Armanino LLP makes funds more secure.

Dollar loans can be used for any purpose. The smaller LTV, the lower the interest rate is.

Ledn charges the greater of $25 or 2% of the Loan Amount as an administration fee for each loan. Interest is calculated on daily basis at the annual interest rate and begins to accrue on the Funding Date.

1 matching crypto loan found
Loyalty Level Setup Fee LTV Rate

Ledn Fees & Limits

Ledn offers a very simple model with no hidden fees. No background checks are required. Ledn doesn't charge any fee on deposits. Customers do pay miners fees when they withdraw Bitcoin and may pay bank fees on fiat transfers.

Ledn charges an administration fee of $25 or 2% of the Loan Amount (whichever is greater) on USD loans.

Exchange fees 0% exchange fees
Fiat deposit fee Fiat deposits not accepted
Fiat withdrawal fee Fiat deposits not accepted
Crypto deposit fee tick Free
Crypto withdrawal fee Miner's fee only for BTC withdrawals. 35 USDC for USDC withdrawals.
Savings crypto account withdrawal limit Up to 1,000,000 USDC every 7 days and up to 100 BTC every 7 days
Savings fiat account withdrawal limit No fiat savings withdrawls

Ledn Countries

Ledn's supports the following languages: English, Portuguese-Portuguese and Spanish.

Ledn's services are available in all countries EXCEPT:

North Korea
Syrian Arab Republic

ALedn is incorporated in Canada, and also have their headquarters in this country.
ALooking at reviews from across the web, Ledn has an average review score of 58% based on 143 reviews.

Ledn Key Data

Legal name Ledn Inc
Year founded 2,018
Country incorporated in Canada
Headquarters country Canada
Decentralised cross No
Number of employees 40
Total assets under management $1,000,000,000USD more ...$0USD
Withdrawal time in hours 30hours more ...0hours
Savings accounts tick Yes
Loans tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Corporate accounts cross No
Instantly buy crypto with fiat cross No
Integrated crypto wallet tick Yes
Crypto withdrawals to private wallet tick Yes
Fast account verification tick Yes
Insurance level $100,000,000USD more ...$0USD
Cold storage tick Yes
Cold storage custodian BitGo
Two factor authentication tick Yes
Know your customer tick Yes
Credit check cross No
24/7 support cross No
Email support tick Yes
Phone support cross No
Chat support tick Yes
Exchange fees 0% exchange fees
Fiat deposit fee Fiat deposits not accepted
Fiat withdrawal fee Fiat deposits not accepted
Crypto deposit fee Free
Withdrawal process Withdrawals are processed manually, normally with 24 hours. They can take up to 7 days max.
Withdrawal time 30 hours more ...0 hours
Crypto withdrawal fee Miner's fee only for BTC withdrawals. 35 USDC for USDC withdrawals.
Savings crypto account withdrawal limit Up to 1,000,000 USDC every 7 days and up to 100 BTC every 7 days
Savings fiat account withdrawal limit No fiat savings withdrawls
Investment Strategy
Independent proof of reserves tick Yes
Proof of reserves You verify that your specific deposits do exist within Ledn assets via a web link to Armanino LLP
Key People
Mauricio Di Bartolomeo
Co-Founder & CSO
Adam Reeds
Co-Founder & CEO
Mina Botrous
Carlos Ng
Controller & CCO
Kenneth Ng
Legal Counsel
Anton Livaja
Lead Software Engineer
Ivan Arredondo
Software Engineer
Robert Valencia
Software Engineer
Qiao Wang
Jean-Philippe Vergne
Andrew Clark
Basem Hanna
Anuroop Duggal
Colin Evran

Useful Links

Ledn Contact Details
(416) 220-9454
LEDN Inc - 700-350 Bay Street Toronto, Ontario, M5H 2S6

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2023