Looking for an alternative to Celsius Network?
Check out our Ledn accounts and learn about the best savings and lending platform on the market.
Celsius Network used to be revered as one of the top crypto lending and savings services on the market. However, in 2022, it faced a spectacular fall from grace and was forced to file for Chapter 11 bankruptcy. There was a lack of due diligence and proper risk management by senior management. It mishandled assets and struggled to keep afloat. Sadly, this process led to many unassuming clients becoming victims in the fallout, as their assets became tied up in costly and time consuming bankruptcy proceedings. As a result, the former CEO now faces several charges of fraud and securities manipulation from US prosecutors.
Unlike Celsius, Ledn has strict due diligence and risk management policies. They are open and transparent about how they manage digital assets. Ledn works hard to safeguard digital assets and has placed transparency and user control at the core of all of its products. Finally, Ledn Cayman SEZC Inc., which provides Ledn lending products except for Ledn Growth accounts, is regulated as a Virtual Asset Service Provider (VASP) from the Cayman Islands Monetary Authority (CIMA).
Track Record
Unlike Celsius Network, Ledn is a company with a clean track record, focused on offering genuine transparency. They were the first digital asset lending company in the crypto industry to complete a Proof-of-Reserves. By providing these…
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Unlike Celsius Network, Ledn is a company with a clean track record, focused on offering genuine transparency. They were the first digital asset lending company in the crypto industry to complete a Proof-of-Reserves. By providing these biannual attestations with a Certified Public Accountant, who works independently from the company, clients can confirm their balance is accounted for.Read Less
Competitive Rates
Ledn offers competitive lending and saving rates. By working hard to provide the best rates possible, whilst doing strict due diligence on all counterparties, Ledn is able to make lending and saving a truly viable option for digital asset holders around the world.
Risk Management
Ledn’s risk management and rigorous due diligence processes ensure that they only work with high-quality institutions and assets. Any counterparty lending is matched on both maturity and assets. Ledn supports only the most liquid assets…
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Ledn’s risk management and rigorous due diligence processes ensure that they only work with high-quality institutions and assets. Any counterparty lending is matched on both maturity and assets. Ledn supports only the most liquid assets in the industry BTC and USDC, and expects to add ETH and USDT soon. Finally, unlike Celsius Network, Ledn does not have, promote, or profit from its own native token.
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Ledn is on a mission to make crypto lending and saving easier and more accessible than ever before. Let's take a look at what the crypto community love about them!
Ledn takes care of digital assets by employing state-of-the-art security and protection protocols. Along with this, processes happening at Ledn are encrypted using AES-256, and require 2FA activation from its community. Not only this, but Ledn uses the world's first qualified custodian, BitGo, to store part of its digital assets.
The numbers don’t lie. Ledn offers highly competitive interest rates for its range of products, including savings accounts and lending services. Ledn rates are meticulously chosen to give its clients the best interest rates for their assets.
As of January 1, 2024
APYs vary depending on assets held on platform, for more information visit https://ledn.io/legal/rates-terms
Assets
Ledn
Celsius
Growth Accounts
BTC
USDC USDT
ETH
1-3% APY
8.5-10% APY
3-4%
No longer operational
Loans
50% LTV
BTC
ETH
10.4%
(12.4% APR) 2% admin fee applies
Coming Soon
The one major element that separates Ledn from Celsius Network is that Ledn has strict risk management and due diligence policies and procedures. Just like you would expect from any partnership, Ledn acts with transparency and treat your business as an immense privilege and responsibility. Ledn is committed to offering services that they believe will truly help individuals manage and grow their wealth. This subtle, yet all-important factor is what distinguishes Ledn from the likes of Celsius Network.
“I had the opportunity and good fortune to meet Mauricio Di Bartolomeo and Mr. John Glover in their amazing offices in Toronto. Once again, I received confirmation that my choices of where to place my trust and investments have proven to be correct. I am particularly pleased to have had the opportunity to exchange important words with them about the new products that are coming. Thank you again.”
JB
John Bishop •
With Ledn about three years. So far so good. Its very hard to trust any central cypto entity these days after all the scams. But I view Ledn is solid bet for a portion of your crypto. Recently took out a dollar loan to pay off credit card without any issues.
LC
Ledn customer •
Talking to the representative. Getting the help I need from them. That made me very happy. I was very thankful and grateful for it. Therefore, I was able to change my password and unlock my account. Thank You.
KA
Krishni Aranwela •
After a couple years of using Ledn, I had nothing but good experiences with them, but nonetheless during the craziness of early 2023 (FTX, etc.) I stopped using their services because I did not have a clear idea of "where does the yield come from?" Then recently I was happy to see that they are addressing that question very thoroughly with a series of monthly posts showing exactly where the yield comes from. I was happy to replenish a USDC saving account with them.
CK
Chris Kapilla •
I think the service offer that Lend brings to the Crypto market is very good. They have a very interesting, well chosen blend of financial products that are very attractive.
The customer service is very professional and fast. The user experience is extreamly easy, but at the same time it offers all the important information about each product, with full transparency. The seem to be well backed-up, as the the navigated with success through different recent crypto-storms. Very recommended
JO
Jorge •
My experience was great ! I had a good experience because I had to first get to know how the website worked. I had got to know how the website worked at first by exploring it for the first time. This second time it worked like a charm. I figured out everything. On my own … ! How the loans work etc. but I need kyc verification first. So I have to work with that, etc. … .Overall, Ledn.com is a great experience for me. I would suggest anyone taking or looking for a short term loan, look no further. Everything is right here… . Thanks !
KA
Krishni Aranwela •
I am very happy with my decision to use Ledn for several Bitcoin backed loans. You can trust that Ledn will keep your assets safe with their proof of reserve business model. If you're looking for a strong finanical partner that goes above and beyond in their customer service, look no further than Ledn.
C
Clarke DB •
What is Celsius Network?
What Happened to Celsius?
