Is Ledn an exchange?
Ledn has an extremely limited selection, and only supports Bitcoin (BTC) and USD Coin (USDC), a popular stablecoin tied to the U.S. dollar. They don’t operate an exchange, but they do offer a list of recommended exchanges where you can buy Bitcoin or USDC.
Can you trade on Ledn?
Using the trading feature at Ledn is fast and simple. Go to Trade in the main menu of the app, select the amount you want to trade, confirm your order and that’s it! You can also access this feature from your BTC or USDC Savings Account page.
How long is Ledn withdrawal?
How long does a withdrawal take to get processed? Withdrawals for both bitcoin and USDC are typically processed within 1 business day of being submitted, however it may take up to 7 business days to fully process a withdrawal request.
Is Ledn regulated?
Ledn Inc. is incorporated under the Federal Laws of Canada. As such, Ledn is held to the highest standards of consumer protection and data privacy.
Does Ledn require KYC?
Ledn requires all borrowers to provide identity information for our KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. We do not run a credit check on our customers.
How do I pay back my Ledn loan?
Repay your Ledn Loan instantly with bitcoin (now available for certain U.S. states): You can use our “Repay with Bitcoin” feature to repay your loan at anytime. You can find the option by clicking on the “Repay” option for any loan in your “Active Loans” tab. A repayment menu will then appear (as seen above).
Can you buy crypto on Ledn?
B2X is a service that allows users to increase the bitcoin they hold, facilitated through a Ledn Bitcoin-backed Loan and a bitcoin purchase.
Is Ledn insured?
The nature of digital assets may lead to an increased risk of fraud or cyber-attack. Any digital assets held on the Ledn platform are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme anywhere in the world.
Does Ledn have an app?
Ledn on the App Store.
How do I deposit on Ledn?
To apply for a Savings Account, you must have a Ledn Account and have completed our know-your-client verification process. You apply for a Savings Account by clicking the “Deposit” button on the “BTC Savings” or the “USDC Savings” page of the Platform or by otherwise requesting to use or open a Savings Account.
How risky is Ledn?
However, any funds deposited with Ledn are investments and have investment risks. Being a Canadian-based company, there’s no FDIC protection or even Canada Deposit Insurance Corporation (CDIC) protection, even on cash deposited in the account.
What is Ledn and how does it work?
Investors and crypto aficionados who have purchased these digital assets may wish to earn interest on their holdings, obtain credit against them, or purchase additional crypto assets to diversify their portfolio. Ledn is a platform that assists people in achieving all of these goals.
What is Ledn B2X and how does it work?
The platform also earns from loans backed by Bitcoin locked in its custody in a 2:1 ratio. Ledn B2X feature allows users to double their Bitcoin holding by using the borrowed assets to purchase more Bitcoins into their wallets. For investors, this product is only feasible if Bitcoin goes up.
Why choose Ledn for your bitcoin lending?
Keep ownership of your bitcoin and access dollar loans with Ledn. Bitcoin companies should be as transparent as Bitcoin – and we are proud to be the first digital asset lending company to complete a Proof-of-Reserves attestation by a top-25 public accounting firm, Armanino LLP.
What is Ledn doing to grow your business?
” Access to capital is always a struggle when growing any business, especially in unconventional markets such as the Bitcoin and crypto space. We are able to hedge our inventory and purchase hardware at a faster rate and in turn grow faster, thanks to Ledn. ”