BTC to XAU₮.
Trade Bitcoin for Gold (XAU₮).
Zero fees.

XAUt is Tether Gold — a token where each unit represents one troy ounce of physical gold held in reserve by Tether. It gives you direct gold exposure without needing a brokerage account or physical storage. You can buy, hold, and trade XAUt entirely within your Ledn account.

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

Same process in reverse. Select Gold/BTC in the Trade tab, enter your XAUt amount, review the rate, and confirm. You can trade any amount — there is 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 for both BTC and XAUt, 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 are trading $50 or $500,000.

In most jurisdictions, trading BTC for XAUt is treated as a disposal of BTC and may trigger a capital gains event. Because neither asset is a fiat-pegged stablecoin, both legs of the trade may carry their own cost basis. Ledn recommends consulting a tax professional familiar with crypto and digital commodity treatment in 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 apply to every asset on the platform.

It depends on your goal. If you want to access liquidity without reducing your BTC exposure, a Bitcoin-backed 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 diversify into another scarce hard asset — gold — as a hedge alongside your BTC position, a trade is the direct route. Some clients hold both: BTC as collateral for a loan, and XAUt as a separate position in their portfolio.

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

Yes. Ledn now supports 10 trading pairs across 5 assets: BTC, XAUt (gold), USD₮, USAT, and USDC. You can trade between any combination in a single step — 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 are trading). There is no maximum.

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