Earn up to APY
Bitcoin & USDC Savings Accounts

Earning Interest with Ledn Savings

When it comes to your assets, we believe transparency and risk mitigation are paramount. All of Ledn’s loans outstanding are to creditworthy institutional counterparties with strong balance sheets, a strong risk management culture, and a management team with whom we maintain frequent and open dialogue.

Bitcoin & USDC Savings Accounts

Up To APY

Paid in Bitcoin

APY

Paid in USDC

Keep it Simple

No minimum balance and no locked-in term. Start earning interest right away and withdraw when you need to.

Monthly Compound Interest

Compound interest means your savings can grow exponentially. Interest accrues daily and is paid and compounded monthly in Ledn Savings Accounts.

Notice for U.S. Residents: Effective April 4, 2022, U.S. clients will no longer be able to earn interest on any newly deposited funds in their BTC and/or USDC Savings Accounts, where available; however, they will continue to earn interest on their pre-existing balances in their BTC and/or USDC Legacy Savings Accounts.

How the Ledn Savings Accounts Work

  • The Ledn Savings accounts allow clients to earn interest on their BTC and USDC holdings.

    Effective April 4, 2022, U.S. clients will no longer be able to earn interest on any newly deposited funds in their BTC and/or USDC Savings Accounts, where available. Existing U.S. clients will continue to earn interest on their pre-existing balances in their BTC and/or USDC Legacy Savings Accounts but will no longer be able to transfer additional BTC and/or USDC into their Legacy Savings Accounts.

  • USD Coin (USDC) is a type of cryptocurrency referred to as a stablecoin. Each USDC is backed by one US dollar, giving it a stable price. USDC is issued by regulated and licensed financial institutions that maintain full reserves that are attested monthly by an independent accounting firm . You can learn more about USDC on their official website here and view their monthly 3rd party reports here.

  • Where applicable, Ledn generates the interest paid on Ledn Savings Accounts primarily by rehypothecating client digital asset deposits to a select group of well-established institutions. This process involves robust credit underwriting policies and continual monitoring of each borrower’s financial position. We do not expose our client assets to Decentralized Finance Protocols to generate interest. Learn more about our Savings terms and conditions here

  • Transactions sent to your Bitcoin Savings Account will be posted after 1 confirmation on the Bitcoin blockchain. This process typically takes about 10 minutes depending on the transaction fee selected by the sender and the Bitcoin network traffic. When possible, it is best to use the QR code to obtain the bitcoin address directly from the Ledn platform to reduce the risk of errors while copying and pasting, or manually typing the address.

  • Transactions sent to your USDC Savings Account will be posted after 15 confirmations on the Ethereum blockchain. This process typically takes about 4 minutes depending on the transaction fee selected by the sender and the Ethereum network traffic.

Interest and Withdrawal Fees

  • No, there is no minimum balance necessary to start earning interest.

  • The only fees associated with the USDC Savings Account is a 35 USDC fee per each withdrawal. This fee covers the transaction or miners fee paid to process the transaction on the Ethereum Blockchain.

  • No, Ledn does not charge any fees to use the Bitcoin Savings Account.The only withdrawal fee associated with the account are those paid to process transactions (miners fees) on the Bitcoin Blockchain.

  • Yes, you can request a withdrawal at any time, 24 hours a day, 7 days a week - directly on the Ledn platform, subject to Ledn’s withdrawal processing times. In order to be able to withdraw any interest paid to your Ledn Savings account, KYC must be completed.

  • Yes, there is a 35 USDC withdrawal fee to process each withdrawal request. This fee includes the ethereum network fees to process the transaction (miners fees).

Operations, Security and Insurance

  • Clients can withdraw up to 1,000,000 USDC every 7 days and up to 100 BTC every 7 days.

  • Withdrawals are usually processed within the first 48 business hours after their request; however, please note that it may take us up to seven (7) days to fully process any withdrawal transfer request.

  • The Ledn Savings accounts are available to Bitcoin and USDC holders worldwide with the exception of a few locations.

    Restricted Countries: Afghanistan, Albania, Armenia, Azerbaijan, Bangladesh, Belarus, Botswana, Burkina Faso, Burundi, Cambodia, China, Democratic Republic of the Congo, Cuba, Eswatini/Swaziland, Ghana, Haiti, Iran, Iraq, Jamaica, Kazakhstan, Kyrgyzstan, Lebanon, Liberia, Libya, Mali, Mauritania, Mauritius, Mongolia, Morocco, Myanmar [Burma], Nepal, Nicaragua, North Korea, Pakistan, Palestinian Territories, Republic of the Congo, Réunion, Rwanda, Senegal, Sierra Leone, Somalia, Sri Lanka, South Sudan, Sudan, Syria, Tajikistan, Timor-Leste, Turkmenistan, Uganda, Uzbekistan, Western Sahara, Yemen, Zambia, Zimbabwe.

    Interest may not be offered in all jurisdictions and may vary from one jurisdiction to another.

  • BTC or/and USDC Savings accounts are available in selected U.S. states.

    Effective April 4, 2022, U.S. clients will no longer be able to earn interest on any newly deposited funds in their BTC and/or USDC Savings accounts. Existing U.S. clients will continue to earn interest on their pre-existing balances in their BTC and/or USDC Legacy Savings accounts but will no longer be able to transfer additional BTC and/or USDC into their Legacy Savings Accounts.

  • Subject to availability in your jurisdiction, Ledn supports BTC and USDC for its Trade and Savings Accounts products. Ledn clients can trade between their Bitcoin and USDC Savings accounts seamlessly.

    Existing U.S. clients with a balance in their BTC or USDC Legacy Savings Account will need to move their funds to the BTC or USDC Savings Account to be able to trade.

  • When the bitcoin and/or USDC in your Savings Accounts are not on-lent by Ledn to borrowers, BTC and/or USDC are stored at BitGo.

  • Ledn has a very thorough protocol for on-lending bitcoin and USDC, and works with best-in-class industry partners to minimize the risk of its operations. However, bitcoin and USDC held within the Savings Accounts are not covered by Canada Deposit Insurance Corporation, or Securities Investor Protection Corporation, or any kind of deposit protection or insurance policy against losses anywhere in the world.