Rates and Withdrawal Terms
The following rates are effective as of April 1, 2023.
Savings Account Interest Rates
Supported Digital Asset Balance Amount Annual Percentage Yield (APY) BTC > 0 1.50% USDC > 0 9.50%
Transferred Digital Assets received by Ledn at or before 11:00 p.m. EST on any day starts earning interest on the same day. Rates are subject to change. We will communicate any rate changes prior to such changes taking effect. For more information and the complete agreement governing your Savings Account please carefully read the Digital Asset Savings Terms found at https://ledn.io/legal/savings-account-terms. Capitalized terms used but not defined in these Rates and Withdrawal Terms have the meanings assigned to them under the Digital Asset Savings Terms.
Notice for U.S. Residents: Effective March 1, 2023, all clients residing in the United States will not be eligible to earn interest on any Transferred Digital Assets in their Savings Account(s). The Savings Account Interest Rates displayed above do not apply to such accounts.
Notice for Canadian Residents: Effective February 1, 2023, clients residing in Canada will no longer be able to open a new Savings Account, transfer new Transferred Digital Assets or earn interest on the Account Balance in their Canadian Savings Accounts. The Savings Account Interest Rates displayed above will not apply to any Canadian Savings Accounts as of this date. If you are a Canadian client and your Account Balance is equal to or greater than the Minimum Withdrawal Amount, you will have until July 31, 2023 to make an External Transfer to withdraw all Transferred Digital Assets from your Canadian Savings Account, after which you will have to contact Ledn’s client success team to process the withdrawal. You will continue to have the ability to trade between Transferred Digital Assets until July 31, 2023 in order to facilitate your withdrawal in the Digital Asset of your choice. BTC and USDC withdrawals incur network fees which make External Transfers below the Minimum Withdrawal Amount unfeasible. As such, on July 31, 2023, if you are a Canadian client and your Account Balance is below the Minimum Withdrawal Amount, you will be deemed to have forfeited such Account Balance to Ledn, which in turn will donate such balances to a non-profit, Bitcoin for Fairness (https://bffbtc.org/).
Withdrawals and Fees
Subject to the following withdrawal limits, you may make a complete or partial withdrawal of the Transferred Digital Assets in your Savings Account at any time. You will cease earning interest on the Transferred Digital Assets that you have requested to withdraw as soon as you make such a withdrawal request, however, it may take us up to seven (7) days to fully process any withdrawal request. There are no fees to transfer Transferred Digital Assets between internal Ledn accounts. Fees to transfer Transferred Digital Assets to an external account are as set out in the table below.
Supported Digital Asset Withdrawal Limit Withdraw Fees BTC 100 BTC per 7-day period Miner fees only USDC 1,000,000 USDC per 7-day period 15 USDC
Minimum Withdrawal Amounts
Although there is no minimum balance required to earn interest, accounts are still subject to Minimum Withdrawal Amounts of 0.0005 BTC (Bitcoin Savings) and 15 USDC (USDC Savings).