Ledn has very thorough security protocols for on-lending bitcoin and USDC, and works with best-in-class industry partners to minimize the risk of its operations. When the BTC and/or USDC in your Savings Accounts are not on-lent by Ledn to borrowers, they are stored at BitGo. BitGo is the world’s first qualified custodian purpose-built for storing digital assets. However, BTC and/or USDC held within the Savings Accounts are not covered by Canada Deposit Insurance Corporation, or Securities Investor Protection Corporation, or any kind of deposit protection or insurance policy against losses anywhere in the world.
We offer a variety of safety features to protect your account. Our approach to security is comprehensive and addresses all layers, starting with the physical, through our networks, applications, all the way to your browser. Our site uses HTTPS, passwords and sensitive information is encrypted using AES-256, and all our processes are regulated by strict internal security policies. Additionally, login and specific actions within our platform require clients to have enabled security features such as Two-Factor Token Authentication, safelisting of addresses, or carry out confirmation video-calls for withdrawals.
You can learn more about our security practices here.