Bitcoin-backed Dollar Loans

Get the funds you need, keep the bitcoin you love

Borrow, internationally

Bitcoin-backed loans are a fast and convenient way to access dollars without having to sell your bitcoin. There are many advantages to using a dollar loan instead of selling to receive dollars. You get to keep all of the upside of your bitcoin position. You do not create a taxable event, and most importantly, you get to keep your bitcoin. Once the loan is repaid, your bitcoin is sent back to you.


Ledn uses best-in-class protocols for Bitcoin custody and works with industry-leading custodian BitGo, who is covered by the most comprehensive insurance policy in the industry.


Loans are funded within 24 hours of approval. Pay off your loans at any time without penalties. No monthly payments are required.

Tax Efficient

Exchanging bitcoin for dollars is a taxable event while taking a loan with Ledn is not. All interest expenses for the loan may be tax deductible.

How Ledn Bitcoin-Backed Loans Work

  • What do I need to apply?

    Applying for a Ledn bitcoin-backed loan takes less than 2 minutes! To submit a loan application you will need to provide: a copy of your government-issued identification document, a copy of your proof-of-address document, and an image of you holding your government-issued ID, and your bank account details for funding.

  • How will my bitcoin be stored during my Ledn loan?

    Security will always be our top priority. Ledn uses best-in-class protocols for bitcoin custody and works with industry-leading partners like its custodian BitGo, the world’s first qualified custodian purpose-built for storing digital assets. BitGo is covered by the most comprehensive insurance policy in the industry.

  • Can I withdraw my bitcoin at any time?

    Yes! If you have a Ledn Savings Account, you can withdraw your funds at any time without penalty. Likewise, you can pay back your loan at any time without penalties. We process all withdrawal requests quickly and strive to have your bitcoin in your wallet within 24-72 hours.

  • What happens if the bitcoin price significantly decreases?

    If the bitcoin price drops significantly, we will ask you to deposit more collateral into your segregated wallet or pay down some of the 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 LTV.

  • What happens if the bitcoin price increases?

    Any gain in the value of bitcoin is yours to keep. You only ever owe the balance of your Ledn loan, which is pre-determined and not affected by the bitcoin price.

  • Do you offer international loans?

    Yes! Please contact us to see if your country currently qualifies for a Ledn loan.

DAI - Frequently Asked Questions

  • What is Dai?

    Dai is a decentralized cryptocurrency stabilized against the value of the US dollar. The notion is to have 1 Dai to maintain a peg to $1 USD. Created via the Maker DAO’s Dai Stablecoin System, it uses governance and trading mechanisms to respond to changing market conditions and preserve its value against the major world currencies. Unlike other popular stablecoins whose value is backed directly by USD, it’s backed by crypto collaterals that can be viewed publicly on the Ethereum blockchain.

  • What are the benefits of using Dai as a funding method when obtaining a Ledn bitcoin-backed loan?

    Dai can be used as an alternative to dollars when looking to receive the proceeds of our Bitcoin-backed loans. This can be materially beneficial to our international users who can’t access a bank account to receive the funds or face issues and/or long delays when transacting in dollars. In addition, sending Dai is much quicker and cost effective internationally.

  • How can I use it? What do I need to receive my loan funds in Dai?

    You can receive and spend Dai the same way you receive and spend dollars in your bank account. In order to receive and spend your Dai, you will need to have a Dai wallet. Anyone can open a Dai wallet for free. We provide several links to Dai wallet providers where users can register and get a wallet in the following FAQ question. Once you have an active wallet to receive your Dai, you can select “Dai” as your preferred loan disbursement currency and place your wallet address in the funding instructions for your loan application.

  • Where can I get a Dai wallet?

    You can check out recommendations in this article. Some of the featured services are:, and

  • What is the process for my loan if I select to receive my funds in Dai?

    Importantly, all of our loan agreements are made in U.S. or Canadian dollars. Dai can be used to send the proceeds and it will also be accepted for loan repayment at the current market rate. When a user selects to receive the funds in Dai, Ledn will use the loan proceeds to purchase Dai and send the Dai to the users’ address. The user’s outstanding loan amount and accumulated interest throughout the life of the loan will still be shown in U.S. or Canadian dollars.