To apply for a B2X loan, it is necessary to have an available balance in the BTC Savings Account because Ledn will transfer the amount of BTC designated by the client from their Savings Wallet to their Ledn Loan Account.
Making use of the "Calculator" function, the client must enter the amount of available BTC they wish to collateralize which will be multiplied 2 times by Ledn at the time of making the loan. On the right screen, the details of the loan will be displayed.
After the client has confirmed the amount of collateral they want to provide and the amount of BTC the client wants Ledn to acquire on behalf of them, they must click on the "Place B2X Order" option for the process to be successful. The client will receive an email after the transaction has been confirmed, and the details of the order will be explained.
Please note that certain conditions may apply to the loan application approval based on loan elegibility and place of residence. For more information, please contact us at support@ledn.io.