What is the minimum loan amount?
You'll need at least $1,000 in Bitcoin collateral to qualify for a loan.
Can I repay my loan early?
Absolutely. You can repay anytime before the 12-month term ends with no penalties.
Are there monthly payments?
There's no repayment schedule. You repay your loan when it reaches the end of its term, or earlier if you choose.
What is the starting LTV?
The loan-to-value ratio starts at 50%.
How is collateral managed at Ledn?
The collateral you post to secure your loan may only be re-posted by Ledn to a trusted institutional USD funding partner. Collateral is held securely in segregated on-chain addresses that are verifiable by Ledn, ensuring that the collateral is legally ring-fenced from a funding partner's assets and protected even in the unlikely bankruptcy of our funding partner. Collateral is held securely in custody throughout the loan. Neither Ledn nor the institutional partner has the right to lend out your collateral to generate interest.
What currency can I get my loan in?
Loans are funded in USD, USDC, or your local currency, but are denominated in USD.
How do I get a Bitcoin-backed loan?
Log into ledn.io, select your type of loan from the top menu, then click "Apply for a loan".
How long does it take to get a loan?
Minutes to apply. Once approved, funding can happen same-day.
What happens if my collateral drops in value?
We'll notify you well before any risks. You can add collateral or repay — you stay in control.
Is there a credit check?
No. Your bitcoin is your credit.
Am I eligible to use these products?
Eligibility depends on your jurisdiction of residence. Please check our eligibility page or contact support for more information.