Your Bitcoin, Amplified
In addition to Ledn’s Bitcoin Savings Account and Bitcoin-backed Loans, Ledn is proud to release a service to help users make the most of their bitcoin. B2X is a service that allows users to increase the bitcoin they hold, facilitated through a Ledn Bitcoin-backed Loan and a bitcoin purchase. A quick and simple way to double your bitcoin balance.
Amplify Your Bitcoin
Use the calculator below to determine the loan amount required to double your bitcoin holdings. Simply enter the amount of bitcoin that you will deposit into Ledn’s B2X and Ledn will match the amount of bitcoin deposited, giving you 2X your current holdings.
Instant Execution
You can use B2X with the bitcoin balance in your Ledn Bitcoin Savings Account. Simply navigate to the B2X page and select the amount of bitcoin you’d like to use. Then follow the simple steps. The application takes less than 1 minute.
Flexible Time-Horizon
B2X works like a Ledn Bitcoin-backed loan. The loan can be open for up to 12 months and can be repaid at any time without penalty and the balance of bitcoin is returned to the user.
How B2X Works
- What is B2X?
B2X is a service that allows you to increase your bitcoin holdings through a Ledn bitcoin-backed loan. Through the B2X service, users access a dollar loan and purchase an amount of bitcoin equal to their initial holdings. By doing so, the user holds twice as much bitcoin, with a bitcoin-backed loan for the dollar amount used to purchase the bitcoin.
- Who was B2X designed for?
B2X is a service designed for people who want to hold more bitcoin. It allows clients who wish to apply a Ledn loan to purchase additional bitcoin to do so through a simplified process and receive twice the exposure to bitcoin. The initial collateral and the newly purchased bitcoin together serve as collateral for the loan.
- How does B2X work?
Subject to availability, if you have a bitcoin balance in your BTC Savings account, you can apply for a Ledn loan to double your bitcoin holding.
You can select the amount of bitcoin you wish to double up to the bitcoin balance in your BTC Savings account. Remember, this bitcoin, along with the bitcoin newly purchased with the loan proceeds, will serve as collateral for the loan. If you would like more information on B2X availability, please contact us at support@ledn.io. - What are the risks of entering into a B2X?
B2X amplifies your exposure to the price of bitcoin. While you can benefit from any upside, you are also exposed to greater downside in the event that the price of bitcoin decreases. There are other risks involved with buying, selling, or holding bitcoin as explained in our Terms of Service, which can be accessed here.
Be sure to also learn about a Ledn loan here. - How do I register for B2X?
Accessing Ledn’s B2X product is simple. First, register an account at Ledn.io and verify your profile. Then, you can deposit any amount you want to use for your B2X loan into your Bitcoin Savings Account. From there, you can navigate to the B2X product page within the Ledn platform.
- How do I close my B2X loan?
To close your B2X loan, you can simply submit the request at any time through the Ledn platform. You can choose to repay the outstanding loan amount in dollars and receive the total amount of bitcoin securing the loan, or in countries outside of the U.S., you can repay the loan using a portion of your bitcoin collateral.
- When can I repay my loan?
B2X loans can be repaid at any time without penalty. Interest is charged on a daily basis so users only accumulate interest for the days that they have the open loan. See “How do I close my B2X loan” for more details.
- What countries currently have B2X Service-related restrictions?
Iran, Libya, North Korea, Syria, United States, Africa and Uruguay. This list may be updated from time to time and without prejudice of ongoing applications.