B2X is a loan product that enables clients to double their Bitcoin holdings. It provides a loan that is automatically used to purchase additional BTC, using both the original and newly acquired Bitcoin as collateral for the loan.
You only need a minimum of $500 USD worth of BTC in your BTC Transaction account when applying for a B2X Loan.
Mechanics:
- BTC Collateral: If you have a balance in your BTC Transaction account, the B2X service provides you with a loan which is automatically used to buy more BTC.
- Double Your Holdings: Ledn uses the loan proceeds to purchase an equal amount of BTC, effectively doubling your position.
- Loan Principal is always contracted in USD.
- Loan Term: 12-month loan term.
Interest Rates Admin Fees & Terms:
- Interest Calculation: Interest accrues on a daily basis and is not due until you close the loan.
- Admin Fees: There may be a 2% administrative charge at Loan origination.
- Collateral management: B2X loans are currently only available with Standard Loan collateral treatment.
- Flexible Repayment: Repay at any time within the 12-month term using BTC, USDC, or via wire transfer.
B2X is ideal for clients looking to increase their BTC exposure accessing a loan to buy more Bitcoin.