There are currently three ways to repay your Ledn Loan.
Repay with Collateral (BTC or ETH)
Your Ledn Loan can be repaid with BTC or ETH at any time through the Ledn platform by selecting the option to Repay with Bitcoin/ETH. This option provides you with real time settlement. Only BTC can be used to repay BTC Loans, and ETH can only be used to repay ETH loans.
Note: For US residents, the Repay with collateral option is currently in the following States:
Alabama, Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Missouri, Michigan, Montana, Nevada, North Dakota, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Wisconsin, and Wyoming. This list may change from time to time, and Ledn cannot guarantee your jurisdiction will be or remain available for any period of time.
You can also select to make a repayment of your loan in US dollars by choosing the Wire Payment option. Payments in US dollars can take up to 5 business days to process.
Loan clients also have the option to repay their loan with the USDC balance on their Ledn USDC Transaction account. To repay the loan using this option, simply select the "Repay with USDC" option on the repayment menu for your loan and follow the steps prompted.
Note: You will only be able to use this option if you have a sufficient balance for the repayment on your Ledn USDC Transaction account.