Applying for a Dollar Loan is simple. Just follow these steps:
Step-by-Step Instructions
Log into Your Ledn Account
Navigate to your dashboard at platform.ledn.ioSelect the Loan Type
Choose BTC-backed loan.Fill Out the Application
Provide the loan amount, select how you’d like to receive the money (fiat, USD, USDC), and submit the loan application. Your loan is always denominated in U.S. dollars, regardless of the disbursement method you choose.
Loans are normally automatically approved within 5 minutes but some jurisdictions require manual approval, which normally takes less than a day.
Submit Collateral: Once approved, transfer your collateral to the provided wallet address:
Go to your Loans tab
Click Send Collateral
Select the source of the collateral, either your Transaction Account or from anExternal Source
Enter the amount and submit.
Receive Funds
Disbursement typically occurs within 12 business hours after your loan application is submitted, assuming you send your bitcoin collateral to your approved loan promptly. Times may vary outside of business hours and depending on your bank for fiat disbursed loans.