BTC to USD₮.
Trade Bitcoin for Tether.
Zero fees.

Go to Trade in your Ledn account, select the BTC/USD₮ pair, enter the amount you want to trade, and confirm. The exchange happens instantly at the quoted rate — no order book, no waiting. Your USD₮ lands in your Transaction Account immediately.

Same process in reverse. Select USD₮/BTC in the Trade tab, enter your USD₮ amount, review the rate, and confirm. You can trade any amount — there's no minimum trade size beyond the platform minimums.

Ledn charges zero trading fees. You trade at a 0.5% spread on the mid-market rate — the same transparent spread across all 10 trading pairs. For context, many exchanges typically charge 1–3.5% on similar trades. The rate you see quoted is the rate you get, with no hidden fees added at checkout.

Ledn sources rates from institutional market makers and applies a flat 0.5% spread. There are no volume tiers, no loyalty tokens required, and no rate surprises. The same spread applies whether you're trading $50 or $500,000.

In most jurisdictions, trading BTC for USD₮ is treated as a disposal of BTC and may trigger a capital gains event. This is the same treatment as selling BTC for USD. Ledn recommends consulting a tax professional familiar with your jurisdiction.

When you trade on Ledn, your assets stay within your Ledn Transaction Account throughout. Ledn does not lend out assets held in Transaction Accounts to generate interest, and has a perfect record of protecting client assets since 2018. The same custody standards that apply to your Bitcoin apply to USD₮ and all other assets on the platform.

Yes. USD₮ in your Transaction Account can be used directly to repay a Ledn loan — you no longer need to do an off-platform trade first. Loan disbursements and repayments in USD₮ are now fully supported alongside USDC and USA₮.

It depends on your goal. If you need dollars and want to maintain full BTC exposure, a loan lets you keep your BTC as collateral and get it back when you repay — no taxable event, no lost upside. If you want to reduce BTC exposure or rebalance into stablecoins, a trade may be the cleaner move. Some clients do both: trade a portion into USD₮ for liquidity while leaving the rest as loan collateral.

Trades are instant. Once you confirm the trade, the USD₮ appears in your Transaction Account immediately. There are no settlement delays, no pending periods, and no gas fees — it's an on-platform trade, not an on-chain transaction.

Yes. Ledn now supports 10 trading pairs across 5 assets: BTC, XAUt (gold), USD₮, USA₮, and USDC. You can trade between any combination in a single step — BTC to XAUt, USD₮ to USDC, XAUt to USD₮, and more — all at the same 0.5% spread with zero trading fees.

Yes — the minimum trade size is $50 USD (or equivalent in the asset you're trading). There's no maximum.

To see if Trade is available in your jurisdiction, check using our product eligibility tool.