1/27/2022 Update: On Feb 2, 2022 at 12 am EST the withdrawal fee on USDC will increase from $10 to $35. It is a good idea to withdraw now so you don’t get hit with extra $25 withdrawal fee later. The referral bonus is now only $10 and this platform is no longer worth signing up to.
Ledn is a Canada based CeFi crypto platform that allows you to lend and borrow crypto. Ledn lends your crypto to Genesis which is the exact group that other platforms, like Gemini (see blog post) and CoinZoom (see review), lend to.
Currently they are running an excellent promo that is 5 times better than their usual $10 signup bonus. This limited time promo runs from November 26, 2021 to December 31, 2021. To get the bonus you need to:
- signup using the referral link
- deposit at least $75 or 150k satoshi (0.0015 BTC) within 30 days of completing KYC
- hold above mentioned “minimum balance” for 15 consecutive days.
You can find complete terms and conditions here.
Open a Ledn account and then deposit and hold a minimum of 75 USDC or 150K satoshis (0.0015 BTC) in a Ledn Savings Acccount for 15 days or longer. This deposit must be made within 30 days of opening an account.
https://platform.ledn.io/join/4dc058ac8d10e2f9e0ced66a4c04af99
How to get Crypto into Ledn for free?
I have compiled a list of platforms that allow you free withdrawal (I just added CoinLoan to the list), so getting crypto into Ledn at no cost shouldn’t be an issue.
Since the deposit requirement can also be satisfied with 150k satoshi, those of you who use Fold app can easily satisfy this requirement by withdrawing at least 150k satoshi for free.
Which crypto does Ledn accept and what are the APYs?
Ledn only accepts BTC and USDC and their rates are 6.25% and 9.5% respectively.
What is the withdrawal fee on USDC?
$10.
Can you swap from BTC to USDC?
Yes, and I am seeing a spread of around 1%
Closing Thoughts
One of the easiest crypto bonus. It will work out to be $40 bonus after $10 withdrawal fee.
2 comments
Can you deposit USDC then convert to BTC?
Yes you can trade within the app and also withdraw BTC. At the moment trading isn’t available in their app so you will need to use their website.