Looking to unlock liquidity without selling your Bitcoin? Ledn gives you verifiable custody, clear legal protection, and consistent performance.
See how it compares to Nexo and why long-term Bitcoin holders choose Ledn.
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Ledn vs Nexo: What’s the difference?
Nexo provides a broad range of crypto services, including borrowing, trading, and interest-earning accounts. However, its approach differs from Ledn’s, particularly when it comes to transparency, regulatory history, and reliance on a platform token for preferred rates.
Ledn is built for people who want clarity and control. It offers Bitcoin-backed loans with simple terms, public audits, and a flawless security record.
Ledn Cayman SEZC Inc., which provides Ledn’s lending products (other than Ledn Growth accounts), is regulated as a Virtual Asset Service Provider (VASP) by the Cayman Islands Monetary Authority (CIMA).
At a glance: Ledn vs Nexo
3 Reasons why Ledn is the better choice
1. Public audits
Ledn has published biannual Proof-of-Reserves audits with a CPA since 2021. Nexo pioneered real-time audits, but its program was suspended after its audit partner withdrew. Today, no live audit is available.
2. Proven compliance
Ledn operates with clear regulatory approvals and avoids jurisdictions where it lacks licensing. Nexo paid $45M to settle U.S. SEC charges, was raided in Bulgaria (case dropped), and only recently re-entered the U.S. market.
3. Clear lending
Ledn loans are simple: no monthly payments, no early penalties, no platform token. Nexo’s model depends on its NEXO token for rate discounts, rewards, and platform access, adding complexity and potential volatility.
Why bitcoin holders choose Ledn over Nexo
Ledn is focused. It offers one thing and does it well: safe, transparent Bitcoin-backed lending. With Nexo, the offering is broader, but so are the risks and trade-offs.
Custody you can verify
Ledn clients’ Bitcoin stays in cold storage and is not lent out. Audited reserves back every loan. Nexo uses custodians like BitGo, but paused real-time reserves and hasn’t reinstated them.
No tokens, no tiers
Ledn doesn’t make you buy a platform token to get better terms. Nexo’s rates, features, and cashback depend on your NEXO token balance, adding complexity and exposure.
We are bigger than all other crypto lenders...combined
Ledn is the biggest consumer crypto lender, with over $9 billion in loan originations since 2018 thanks to our unbroken track record.
Loans funded since 2018
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Your collateral is secure
Collateral is held in custody with Ledn or our funding partner. Neither Ledn nor our funding partners have the right to lend out the collateral. Your Bitcoin is safe.
Unmatched speed and flexilibity
Once collateral is received, our current funding ETA is 6.9 hours with no credit checks required. Repay whenever you want, without penalty. Use our auto top up feature to protect your collateral from Bitcoin price fluctuations.
We strive for ever-more competitive rates
We are committed to offering the most competitive rates possible to our customers.
Global accessibility is at the core of our mission
We believe in the power of Bitcoin to provide fair access to credit, no matter where you’re located.
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Why hodlers love Ledn
Ledn is gonna take over
Ledn's Founding Story
What started as a passion project with a few close colleagues has grown to a global company with 50+ employees, offering a full suite of lending, savings and trading products in over 120 countries. Ledn strives to improve the everyday lives of Bitcoin holders today, while building generational wealth for the future. Through its products & services, Ledn makes a difference in the lives and futures of its clients - in real terms.