What is Ledn?
Since Bitcoin became the first decentralized cryptocurrency in 2009, there’s been a financial awakening in the United States and worldwide. As a result, cryptos have enjoyed massive growth.
The tremendous success that Bitcoin has seen in recent years has exposed the problems with traditional banking systems. It has also been an essential catalyst for the establishment of thousands of other alt-coins, another term for cryptocurrencies.
The rise of cryptos, particularly Bitcoin, has also contributed to establishing a variety of new financial services, including Ledn. What’s so great about Ledn? The company has established a solid reputation with its focus on privacy, security, and Bitcoin.
With that in mind, here’s our guide to Ledn and whether or not it’s right for you.
Before we dive into topics such as, “Should I get Ledn?,” let’s start with the basics. What is Ledn?
A world-class financial service based in Toronto, Ledn empowers HODLers. How? By helping users find a better home for their Bitcoin.
How to use Ledn? The platform facilitates starting a savings account, taking out a loan, and other services, including 2x your Bitcoin.
Ledn’s rates make it easy to earn money on your savings account. The platform only accepts Bitcoin deposits, but users can collect compounding interest at an Annual Percentage Rate (APR) of 3.6 percent.
At the start of each month, you’ll receive interest, which is also paid in Bitcoin.