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.
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?
- How will my bitcoin be stored during my Ledn loan?
- Can I withdraw my bitcoin at any time?
- What happens if the bitcoin price significantly decreases?
- What happens if the bitcoin price increases?
- Do you offer international loans?