Bitcoin-backed loans are a fast and convenient way to access dollars without having to sell your bitcoin. There are many advantages to using a dollar loan instead of selling to receive dollars: When using a Ledn bitcoin-backed loan you get to: keep all of the upside of your bitcoin position, you do not create a taxable event, and your bitcoin is safely stored and insured with BitGo, the world's first purpose built qualified custodian for digital assets. For details about BitGo's insurance policy coverage, click here.
In addition to BitGo Insured Custody, Ledn offers real-time proof-of-reserves on-chain. Every client gets a unique wallet address that can be checked at any time.
Loans are funded within 24 hours of approval. Pay off your loans at any time without penalties. No monthly payments are required.
Exchanging bitcoin for dollars is a taxable event while taking a loan with Ledn is not. All interest expenses for the loan may be tax deductible.
How Ledn Bitcoin-Backed Loans Work
What do I need to apply?
How will my bitcoin be stored during my Ledn loan?
Can I withdraw my bitcoin at any time?
What happens if the bitcoin price significantly decreases?
What happens if the bitcoin price increases?
Do you offer international loans?
DAI - Frequently Asked Questions
What is Dai?
What are the benefits of using Dai as a funding method when obtaining a Ledn bitcoin-backed loan?
How can I use it? What do I need to receive my loan funds in Dai?
Where can I get a Dai wallet?
What is the process for my loan if I select to receive my funds in Dai?
How does the 2% Dai bonus promotion work?