Ledn Referral Code (2021)

Visit: Ledn.io

Ledn is a centralized crypto lending platform that is based in Canada. It offers interest-bearing crypto savings accounts, as well as fiat currency loans backed by crypto collateral. The company has some strong connections, including a partnership with Genesis and backing from Coinbase.

At the time of writing, Ledn supports just two crypto assets: Bitcoin (BTC) and USD Coin (USDC).

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Ledn Review

Ease of Use

Unlike some of its peers, Ledn does not accept fiat currency deposits. Instead, users must acquire Bitcoin or USDC from another source before depositing it into the platform. For crypto beginners, this may be the toughest part of using Ledn.

Ledn users will also need to go through the necessary identity verification processes before they can use the platform at all – however everything is very simple once this is complete. Know-your-customer (KYC) verification for loans includes a lot of information, including a government-issued ID and proof of address.

Once verified, depositing cryptocurrency into a crypto savings account is almost instant, while applying for a fiat currency loan against crypto collateral can take less than two minutes.

Ledn isn’t specific about who can access their services, however it appears most users around the globe can use the savings account function. As for loans, this is tailored to US users, but can be provided to international users on a case-by-case basis.

Users can access Ledn via the iOS or Android app, or simply via their favorite internet browser.

Ledn Interest Rates

CurrencyAmountAnnual Percentage Yield
BTC (Tier 1)0-56%
BTC (Tier 2)5+2.5%
USDT (Outside US)0+9.3%

Ledn Fees

Ledn has a one-time administrative fee of US$25 or 2% of the loan amount – whichever figure is larger.

Aside from this, there are no fees mentioned on the Ledn website, except for standard blockchain transaction fees for withdrawals.


Ledn has a basic FAQ section on its website, which will answer most simple queries. For one-on-one assistance, users will need to contact Ledn’s support team by submitting a ticket via Zendesk. A team member will usually respond within 24 hours or less.

About Ledn


Ledn was founded in 2018 by Adam J. Reeds and Mauricio Di Bartolomeo. It is headquartered in Toronto, Canada.

As mentioned above, Ledn has backing from Coinbase and other notable names like Kingsway Capital, for a grand total of $33.9 million over the company’s lifetime.

Payment Methods

Ledn only accepts Bitcoin (BTC) and USD Coin (USDC) for user deposits, but also lends US dollars for fiat currency loans. These loans can be repaid in US dollars or Bitcoin, at the discretion of the user.


User funds that aren’t lent out to borrowers are custodied by BitGo, an institutional-grade crypto custodian which is also insured.

Ledn customer deposits are lent to a highly reputable borrower in Genesis, a reputable firm that manages billions in funds.

The platform conducts regular proof-of-reserves attestations via Armanino LLP, a top-25 public accounting firm.

US Availability for Ledn

Ledn appears to be available for US users, for both crypto savings accounts and crypto-backed loans of fiat currency.

International Availability

Ledn also offers its services to customers around the globe, however international customers seeking a crypto-backed loan will need to contact Ledn directly to check their eligibility.

Crypto savings accounts are available to most countries worldwide.

Get Involved

Stay up to date on all of the latest Ledn news and updates by following them on Twitter, or check out their official page on Facebook.