For crypto holders seeking liquidity without selling their assets, crypto-backed loans provide a practical solution. APX Lending offers a trusted, regulated alternative for clients looking to borrow against Bitcoin or Ethereum. Here’s what makes APX Lending a reliable choice in the crypto lending space, alongside other established platforms like Ledn. While both offer valuable services, APX Lending provides unique features tailored for clients prioritizing regulatory transparency and a commitment to secure, insured collateral solutions.
APX Lending: Terms from 3 months to 5 years, with options to extend or repay early with zero penalties. APX Lending also offers LTV ratios from 20% to 60%, giving clients more flexibility and borrowing power against their collateral.
Ledn: Limited to 12-month loans and 50% LTV, with fewer customization options for borrowers.
APX Lending: Supports LTV ratios from 20% to 60%, providing higher borrowing power.
Ledn: Offers a fixed 50% LTV, with no flexibility.
APX Lending: Borrow more or withdraw collateral if its value increases, offering a high degree of flexibility. We offer an unprecedented level of flexibility to our borrowers.
Ledn: Doesn’t support term extensions or collateral withdrawals, even if your collateral grows in value.
APX Lending: Insured($250M), segregated cold storage with BitGo. Funds are never pooled together with other clients’ funds or commingled. This allows us to offer real-time, on-demand collateral visibility on the blockchain and the APX Lending dashboard.
Ledn: Unspecified institutional USD funding partner. Provides bi-annual Proof-of-Reserves attestations, with no on-demand collateral visibility and gaps in real-time collateral visibility. That means that as soon as Ledn publishes their Proof-of-Reserves attestation, it’s already out of date, until their next audit, and you don't know what happens with your deposited collateral between audit dates.
APX Lending is built to offer a borrowing experience that balances flexibility with peace of mind. We offer both, interest-only loans or amortized loans (where you pay back the loan and interest in equal installments). We charge absolutely no admin or origination fees on our loans and make borrowing clear and manageable.
Ledn charges a 2% admin fee alongside their annual interest rate. Ledn allows you to accumulate interest and pay your accumulated interest when the loan is due. It is not clear if they charge you compound interest while your interest payments are being accumulated.
APX Lending prioritizes top-level security and transparency, keeping client collateral safe with SOC 2 Type 1 certified protocols. This certification, achieved through rigorous third-party auditing, confirms APX’s commitment to secure data management and asset protection.
Ledn possesses a similar certification but lacks real-time collateral transparency.
APX Lending is incorporated in Toronto, Canada and is registered with FINTRAC in Canada and FinCEN in the US. APX Lending also applied for registration with the Ontario Securities Commission. Our application is currently pending review.
Ledn on the other hand, while originally Canadian, left Canada and set up their business in the Cayman Islands instead, an offshore jurisdiction that is home to the infamous Ugland House - an office building in the Cayman Islands that is the registered office address for over 40,000 entities! (Read more about Ugland House on Wikipedia).
Both APX Lending and Ledn accept Bitcoin and Ethereum as collateral, focusing on secure, high-demand assets for borrowing.
Both APX Lending and Ledn aim to provide a straight forward loan application process for their users. APX Lending emphasizes regulatory oversight, simplicity and efficiency:
While both platforms strive for ease of use, APX Lending's flexible terms, real-time collateral visibility and focus on regulatory adherence, offers borrowers a level of unprecedented transparency and confidence in the services it offers. With no hidden fees and a focus on client satisfaction, APX Lending ensures that accessing funds is as straight forward as possible.
Choosing a crypto-backed loan provider requires trust and a clear understanding of how your assets are managed. APX Lending sets the standard with a transparent, secure approach that empowers borrowers to access funds without sacrificing asset visibility or security. With industry-leading partnerships, flexible loan terms, and a straightforward fee structure, APX Lending provides both the peace of mind and financial flexibility that today’s crypto investors value. For those looking to borrow against Bitcoin, APX Lending offers a dependable, client-focused solution designed to meet the highest standards in crypto lending.
Ledn claims to have had no issues processing client withdrawals and although there is no independent third-party way to verify these claims, there does not seem to be anything online to contradict their statements. Ledn is domiciles in an off-shore jurisdiction which means there is limited recourse for Canadian or U.S. clients that may need to take any legal actions against Ledn in the future.
$500 USD
12 months
2018
APX Lending is a crypto-backed lender operating in the US, Canada, and globally. APX Lending does not offer financial or tax advice. We strongly encourage you to consult with a certified financial or tax professional for guidance on any related inquiries you may have.