Looking to unlock liquidity without selling your Bitcoin? Ledn gives you verifiable custody, clear legal protection, and consistent performance.
See how it compares to SALT Lending and why long-term Bitcoin holders choose Ledn.
Ledn vs SALT: What’s the difference?
SALT offers loans backed by multiple digital assets including Bitcoin, Ether, and its own SALT token. It features tools like collateral stabilisation but has faced regulatory investigations and license suspensions.
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 SALT Lending
3 reasons why Ledn is the trusted choice
1. Public audits
Ledn has published biannual Proof-of-Reserves audits with a CPA since 2021. SALT does not publish audits of reserves or liabilities, leaving less visibility into asset backing.
2. Proven compliance
Ledn operates with clear regulatory approvals and avoids jurisdictions where it lacks licensing. SALT was fined by California’s DFPI, had its license suspended, and previously settled charges with the SEC over an unregistered ICO.
3. Simple, transparent lending
Ledn loans are straightforward: no monthly payments, no early penalties, and no platform token. SALT’s terms can vary based on token use, and features like stabilisation introduce extra mechanics and fees.
Why Bitcoin holders choose Ledn over SALT
Ledn is focused. It offers one thing and does it well: safe, transparent Bitcoin-backed lending. SALT supports a wider range of assets, but with that comes complexity and a mixed compliance history.
Custody you can trust
Ledn clients’ Bitcoin stays in cold storage and is not lent out. Every loan is backed by verifiable reserves. SALT uses Fireblocks for custody, but does not publish attested reserve data.
No tokens, no surprises
Ledn doesn’t rely on token holdings or platform perks to determine your rate. SALT offers discounts via SALT token use, which can introduce volatility and make fees harder to predict.
Built for simplicity, not workarounds
Ledn loans are straightforward: no stabilisation mechanisms, no liquidation surprises, and no shifting terms. SALT’s stabilisation tools aim to prevent liquidations, but they add operational complexity, fees, and sometimes unexpected asset conversions.
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
%201.png)
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.
.png)
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.