Ledn review
The Bitcoin bank — yield and loans, nothing else
The verdict
5.4 / 10 · SKIP
The most trusted platform for Bitcoin holders who want yield and BTC-backed loans — Proof of Reserves, 4.7 Trustpilot, and zero DeFi exposure. No card, no altcoins, no frills.
◆ BUY IT IF
- 4.7/5 Trustpilot — most trusted among BTC yield platforms
- Monthly Proof of Reserves via Chainalysis
- No DeFi exposure — institutional borrowers only
- BTC-backed loans without selling your Bitcoin
◇ SKIP IT IF
- Only BTC and USDC — no altcoins at all
- No debit card — not a day-to-day banking solution
- No IBAN or SEPA — purely a savings/lending platform
- Cayman Islands registered — no deposit guarantee scheme
§ 01 SCORE BREAKDOWN
Eight axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
Cayman Islands registered; not a bank; operates as crypto lending/savings platform
Card & IBAN
No card, no IBAN
Yield
Up to 8.5% APY
Coin selection
2 coins supported
App UX
Transparency
Proof of Reserves, public filings, incident history
Fees & spreads
Loan origination fee applies; APY rates fixed at time of deposit for term accounts
Support
§ 03 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- Cayman Islands registered; not a bank; operates as crypto lending/savings platform
- FDIC insurance
- No
- MiCA compliant
- No
- Founded
- 2018
- HQ
- Cayman Islands (team based in Toronto, Canada)
Fees
- Monthly account fee
- Free
- Trading fee
- —
- Withdrawal fee
- variable (BTC network fees pass-through)
Yield & products
- Earn yield
- up to 5.25% APY on BTC (<0.5 BTC); 2% APY on BTC (>0.5 BTC); up to 8.5% APY on USDC via Growth Account (>$100K); 6.5% (<$100K Growth)
- Max APY
- 8.5%
- Staking
- No
- Crypto-backed loans
- Yes
- Supported coins
- 2
Banking
- IBAN
- No
- Debit card
- No
- DeFi access
- No
- NFT support
- No
Regions
- Regions available
- EU, UK, Asia, LatAm, Africa, GCC, CA, Nigeria, Kenya, RU
- Markets served
- Global, 130+ countries, some US product restrictions, GCC
Support
- Trustpilot
- 4.3/5 · 1,047 reviews
Historical APY
§ 04 FAQ
Frequently Asked Questions
Is Ledn safe? +
Ledn has a regulatory status of: Cayman Islands registered; not a bank; operates as crypto lending/savings platform. Always verify current regulatory status directly with the platform before depositing.
What is the maximum APY on Ledn? +
Ledn currently offers up to 8.5% APY. Rate as of 2026-06-17. Rates change — always check the platform for current rates before depositing.
Where is Ledn available? +
Ledn is available in: EU, UK, Asia, LatAm, Africa, GCC, CA, Nigeria, Kenya, RU. Markets served: Global, 130+ countries, some US product restrictions, GCC.
Does Ledn have a debit card? +
No, Ledn does not currently offer a debit card.
COMPARE LEDN VS
◆ OPEN ACCOUNT
Ready to put a week's worth of research to work?
We earn commission if you open an account through this link. It does not change what we paid (nothing) or what we score (everything).