Ledn.io Referral Code
Ledn.io: An Introduction
Founded on August 3, 2018, Ledn.io was founded by Adam Reeds and Mauricio Di Bartolomeo to develop financial products that will help people save on digital assets. So far, Ledn.io has three flagship products in its portfolio. The first is in bitcoin-backed loans. The second is a bitcoin and USDC savings accounts, and the third is a bitcoin balance doubling service. We will discuss each of these three services in later sections.
Headquartered in Toronto, Ontario, Ledn.io manufactures financial products of excellent quality and industry-leading prices – and offers them to customers around the world through bitcoins and digital assets. Its bitcoin-backed loans are designed to facilitate access to investors who want to huddle their assets. Savings accounts in Bitcoin and USDC help earn interest on monthly compound interest payments. It offers high-interest savings account in strategic partnership with Genesis Capital. The interest rate on these savings accounts can go up to 12.25% APY (Annual Percentage Yield), where the account holders receive their interest income every month. In addition to Genesis Capital, ledn also collaborated with Bitgo, perhaps the most well known digital asset trust and Security Company.
Ledn is organized under Canadian federal law, as a commercial entity. Ledn is not an ICO. It adheres to the highest standards of consumer protection and privacy. In collaboration with Bitgo, Ledn also offers a highly stocked built-in digital asset store with one of the most comprehensive insurance policies in the industry.
Bitcoin backed loan by Ledn
The most exciting aspect of Ledn’s Bitcoin-backed loans is that it is a quick and easy way to access credit without having to sell your bitcoin holdings. Numerous benefits add to the quality of this loan.
First, since you do not have to sell your bitcoins, you need to reverse the position of your bitcoins. Because it involves no sales, you do not create a transactional event that is taxable. In total, you have ownership of your bitcoins, which are returned to you after you pay off your debts.
There is no reason to worry about keeping your bitcoins in Ledn’s custody. Ledn takes advantage of the services of Biggo, the Bitcoin industry’s largest custodian. Bitgo concentration services are insured through the most comprehensive insurance policy available in the industry.
The process of approving loans backed by Ledn Bitcoin is speedy. You will obtain the stocks within 24 hours of approval. Payment schedules do not include penalties for delays. Nor does it order payment in monthly installments. In short, you can pay off your debts at any time without penalty.
Saving account terms
All you need to do to create an account with Ledn is name, email, and phone number. Leiden Savings Accounts are available worldwide, except:
People approved by Canada (i.e., people who have committed a crime)
- New York
Submit or withdraw at any time without penalty or fee (other than minor fee). Users are not required to complete KYC and AML verification at the time of deposit or withdrawal in principle. However, confirmation of KYC and AML is needed for the withdrawal of interest earned.
KYC and AML
Ledn verifies KYC and AML at home.
What data is needed?
- Date of birth
- Home address
- Photo ID issued by the government
- ID issued by the government with the selfie
- Proof of address document
The usage of HTTPS, passwords, and sensible data on Ledn websites is encrypted with AES-256 and is directed by stringent domestic security procedures. Additional login particular steps and two FAs are needed. Collateral bitcoins are kept in cold storage (offline) in institutional-grade units across Canada. Each user gets a separate wallet address for online chain authentication or archive.
Ledn does not monetize or trade user data to third companies, which reduces the likelihood of data breaches. Ledn will only request the required data to meet compliance requirements and nothing more. On local servers, user data is never downloaded and saved. User data is protected on private networks and blocked from public IPs. Request to delete your information at any time.