Grow Your Bitcoin Holdings

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 would use it?

  B2X is designed for users that have a positive view on the value of bitcoin increasing over time. By doubling the user’s bitcoin ownership, you can receive twice the exposure to bitcoin. Like all of Ledn’s products, it is designed for people who want to hold more bitcoin.

• How does it work?

  Users use their Ledn Bitcoin Savings Account balance to access the B2X service. By selecting the B2X option from the site menu, users can use the calculator to decide on the amount of bitcoin they would like to double using the B2X service. The platform shows the current price at which bitcoin is trading, the total amount of bitcoin that you will hold once the service is activated, as well as a summary of the terms of the Bitcoin-backed loan agreement that is entered into. From there, you can accept the purchase after inputting a 2FA code and accepting the terms and conditions for the Ledn bitcoin-backed loan.

• What are the risks?

  Unlike central banks, we can’t print bitcoin for free! The additional bitcoin purchase is made possible through a Ledn Bitcoin-backed loan. By agreeing to use the B2X service, you are agreeing to enter into a Ledn Bitcoin-backed loan agreement, and to post the full amount of bitcoin as collateral for the loan. The loan is identical to Ledn’s standard loan terms and is subject to the same margin call provisions. The B2X service amplifies your exposure to the price of bitcoin, which is beneficial in the event that the value of bitcoin increases, but also exposes you to more risk in the event that the price of bitcoin decreases. If the bitcoin price drops significantly, we will ask you to deposit more bitcoin collateral into your segregated wallet or pay down some of the loan principal. If the bitcoin price continues to drop without any action from you, Ledn may sell part of your bitcoin in order to meet the required loan-to-value under the bitcoin-backed loan.

• 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.