Ledn Interest Accounts

Ledn Interest Accounts

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Verdict: Ledn is limited in that they only support Bitcoin and USDC. However, they offer remarkable compounding interest rates of up to 12.5% on USDC and 6% on BTC. They're located and regulated in Canada, and partnered with Genesis as their borrower, which is how they pay such good interest on your savings.

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7.5/10 (Expert Score)
Product is rated as #7 in category Interest Accounts

Ledn offers limited options for idle assets and only offers savings accounts on Bitcoin and USDC, however, we do like the simplicity of Ledn, and the rates are competitive; especially when it comes to USDC. Users enjoy up to 12.5% compounding interest on USDC, and 6% compounding interest on Bitcoin. Interest is accrued daily and is paid and compounded monthly. There are no lockin periods and users can withdraw their funds at any time. The only fees associated with the savings account are a $10 withdrawal fee for USDC balances. Bitcoin withdrawals are free.

Ledn makes its money by lending your deposits to one of the largest and most trusted institutional borrowers, Genesis. This is different from other crypto savings platforms that lend to other users on the platform and theoretically safer.

Both the Ledn website and mobile app are easy to navigate and simple to use, further improving upon usability/availability. Ledn never monetises or sells their customer data to third parties, further attesting to their commitment to customers and their security. We recommend checking out some of the pros & cons below & reaching your own verdict.

Supported Currencies
Interest Rates
Customer Support
Company Reputation
Overall Experience
  • Compounding interest which accrues daily and is paid out monthly.
  • Additional annual interest
  • No deposit/withdrawal fees for BTC
  • Great interest rates for USDC of 12.5%
  • Currently no security breaches
  • Cold storage with proof-of-reserves
  • Backed by Genesis - world's largest digital asset lender
  • Limited to just Bitcoin and USDC
  • $10 withdrawal fee for USD balances
  • Only two assets to earn interest on
  • Relatively new company
  • No deposit insurance

Specification: Ledn Interest Accounts

Loan Information
Staking Percentage N/A
Company & Availability
Headquarters Toronto
Year of origin 2018
Number of users Undisclosed
Insurance Coverage BitGo, Per Wallet
Previously hacked No
Eligible regions
Excluded regions Algeria, Bolivia, Ecuador, Egypt, Iran, Morocco, Nepal
Credit Check No
Savings Information
Supported Cryptocurrencies
Lockup term N/A
Interest Payments Monthly
Rate Variability Variable
Compounding Yes
Gas fees No fees
Withdrawal fees No withdrawal fees for BTC savings
Cryptocurrency APY Interest
Stablecoin APY Rates
USDC APY 12.5%
Asset protection & Insurance
Audited Armanino LLP
Cold Storage Yes
Company Backing Genesis
FDIC insurance No
Insured by BitGo
Exchange type Centralised

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