crypto.loans

Ledn BTCloan: rates, LTV & how to borrow

Can I borrow against BTC on Ledn?
Yes — you can borrow against Bitcoin (BTC) on Ledn at 9.25–11.9% APR with up to 50% LTV, on a third-party basis with KYC.
Borrow on Ledn

Ledn accepts Bitcoin (BTC) as loan collateral. Bitcoin is the largest cryptocurrency by market cap and the most widely accepted collateral for crypto-backed loans. On Ledn you can borrow USD, USDC, USDT against your BTC at 9.25–11.9% APR, up to a maximum loan-to-value of 50%, on a third-party basis.

To borrow against BTC on Ledn you open an account, complete identity verification, deposit your BTC as collateral, and draw a loan. Ledn uses a third-party model, so consider how it secures collateral before committing a large BTC position.

Bitcoin's price volatility is the main driver of liquidation risk on a Ledn loan, which is why the 50% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when BTC falls — keeps your position out of the liquidation zone. Ledn sources its rates on a verified, manually-tracked basis.

How to borrow against BTC on Ledn

  1. 1Create a Ledn account and complete identity verification (KYC).
  2. 2Deposit your Bitcoin (BTC) as collateral.
  3. 3Choose your loan amount up to 50% LTV and receive USD, USDC, USDT.
  4. 4Repay under Ledn's terms to reclaim your BTC. Add collateral or repay early if BTC falls toward the liquidation level.

How Ledn compares for BTC

7 platforms in our index accept BTC as collateral. On borrow rate, Ledn ranks 4th of 7, behind Nexo's 1.9–18.9%. The table below puts Ledn next to its closest BTC alternatives so you can weigh rate against custody and LTV.

NexoCeFi
Borrow APR
1.9–18.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply
AaveDeFi
Borrow APR
4–8%
Max LTV
80%
KYC
No KYC
Custody
Self-custody
Apply
YouHodlerCeFi
Borrow APR
5.9–12%
Max LTV
90%
KYC
Required
Custody
Third-party
Apply
LednCeFi
Borrow APR
9.25–11.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply

Affiliate disclosure: This page contains affiliate links. We may earn a commission at no cost to you. Rankings are never influenced by affiliate status.

Frequently asked questions

Can I borrow against BTC on Ledn?
Yes. Ledn accepts Bitcoin (BTC) as collateral, letting you borrow USD, USDC, USDT against it at 9.25–11.9% APR, up to 50% loan-to-value.
What is the interest rate for a Ledn BTC loan?
Ledn's borrow APR is 9.25–11.9%. Confirm the current rate on the platform before borrowing, as terms can change.
Does borrowing against BTC on Ledn require KYC?
Yes. Ledn requires identity verification to borrow against BTC.
What happens if my BTC collateral drops in value?
If your BTC falls far enough that your loan-to-value crosses Ledn's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 50% maximum LTV to reduce that risk.

Related