Ledn vs Nexo

Ledn

Nexo

CURRENCIES

Bitcoin (BTC)

✅

✅

Ethereum (ETH)

✅

✅

Solana (SOL)

❌

✅

Litecoin (LTC)

❌

✅

Ripple (XRP)

❌

✅

DOGE (DOGE)

❌

✅

SECURITY

Custody Partner

BitGo Trust Company

Ledger Vault + Firebloks

Encryption for data

AES-256

ISO 27001: Information Security Management

ISO 27017: Cloud Security

ISO 27018: Cloud Privacy and Protection of Personally Identifiable Information

2FA

Yes

SMS verifications, email verifications, authenticator app support

Headquartered

VASP Registered with CIMA (Ledn Cayman SEZC Inc.)

Zug, Switzerland, at 15 Grafenaustrasse

Collateral Management

Standard Loans: For these loans, Ledn has the right to lend the collateral to institutions to earn interest, which in turn, Ledn uses to lower the interest rate of these Standard loans.

Custodied Loans: The collateral you post to secure your loan may only be re-posted by Ledn to a trusted institutional USD funding partner, such as a bank, credit fund or other corporate funding partner.

Ledger Vault: Leverages hardware security modules (HSMs) and multi-signature protocols to safeguard private keys.

Fireblocks: Utilizes MPC-CMP (Multi-Party Computation with Key Management) technology to eliminate single points of failure.

Bakkt: Offers regulated custody through its Bakkt Warehouse, combining warm and cold storage tiers.

INTEREST RATES AND FEES

Annual Interest rates

BTC: 10.4%

ETH: 10.4%

18.9%, 30% LTV if you don't hold NEXO tokens

2.9%, 20% LTV, total portfolio must be at least $5,000, AND at least 10% of your total portfolio value must be held in NEXO tokens.

If portfolio drops below $5000, you have 7 days to add more before interest rate jumps back up to 18.9%

Loan-to-value ratio

BTC: 50%

ETH: 50%

BTC: 50%

ETH: 50%

SOL: 30%

XRP: 30%

LTC: 30%

DOGE: 30%

Margin Calls

Not specified

#1: 71.4% LTV

#2: 74.1% LTV

#3: 76.9% LTV

Grace Period to add Collateral

Not specified

Instant loan repayment to maintain healthy LTV ratio

Liquidation Fees

2.00%

No liquidation fees but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins)

Liquidation LTV

80%

83.33%

Origination Fees

2%

0% if US or Canada

0%

Late Repayment Fees

Not specified

No late repayment fees but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins)

Loan Disbursement Duration

Within 24 hours of receiving collateral

Within 24 hours of receiving collateral

Repayment Options

BTC, ETH, USDC, or via wire transfer.

Repayments can be made in either fiat USD and crypto

Early Repayment Penalties

No fees or penalties

No fees or penalties

Fixed Term

12-months

12-months

Number of active loans

No limit

No limit

Minimum loan amount

$1,000

$50 if in stablecoins $500 if fiat

CUSTOMER SERVICE

Call Hotline

✅

✅

Email

✅

✅

SMS

✅

✅