Starting with Ledn

Creating an account with Ledn is quick and secure. To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, all clients are required to provide identity verification documents. This guide outlines the necessary steps, requirements, and eligibility criteria.

Am I Eligible to Create a Ledn Account?

• Age Requirement: You must be at least 18 years old to open an account with Ledn. Minors are not permitted to create an account.

• Jurisdictional Eligibility: Ledn's services are available only in eligible jurisdictions. Some regions may not support Ledn’s products due to local regulations. Please check your jurisdiction’s eligibility here.

Note that Ledn currently does not permit the following:

• Duplicate Accounts:  Only one account is permitted per customer although multiple products can be linked to that account.

What are the requirements?

• Government-Issued photo ID: Acceptable forms of identification include a passport, national ID, or driver's license.

• Proof of Address: Submit a document that matches your current residential address (individual customers) or registered address (corporate customers) such as a utility bill, bank statement, or tax document, issued under your name and no older than three months (if issued monthly) or twelve months (if issued annually).

• If Applicable - Source of Wealth / Source of Funds:  Show when, where, and how you obtained the assets held on the Ledn platform (e.g., digital assets held in your Transaction account, Growth account, DCN, or as loan collateral).

Step 1: Visit the Ledn Website

• Go to www.ledn.io and click on “Sign Up” at the top right corner of the page.

Step 2: Provide Personal Information

• First Name
• Last Name
• E-mail Address
• Mobile Number

Step 3: Create a Secure Password

Step 4: E-mail Verification

• Once you have submitted the information, you will receive an e-mail requesting you to verify your e-mail address.
• Look for the e-mail in your Inbox and click on the link to verify.
• Only after successful verification of your e-mail address will your account be registered on the Ledn platform.
• You will be able to explore the platform and products but will not be able to transact until the KYC process is successfully completed.

Step 5: Provide KYC Information (Identity Information)

• Legal first name: Enter all your given names exactly as they appear on your official ID. If your middle name is part of your legal given names, include it in the First Name field.
• Legal last name: Enter all your family names (surnames) in the order they appear on your ID.
• Date of Birth
• Occupation
• Occupation Industry
• Occupation Sector
• Citizenship
• Political Exposure (Indicate if you are a Politically Exposed Person (PEP), a family member, or a close associate of a PEP)
• Confirmation that the account will not be used for activities on behalf of another person or entity
• Source of Funds/Wealth

Step 6: Provide KYC Information (Residential Information)

• This information must match a recent document that proves this is your current address, such as a bank statement or utility bill. The country must also match your government ID, except in some cases such as with EU countries. For example, a resident of Italy may submit an official identity document issued by Spain.
• Full street address (including house, unit, or suite number)
• City of residence
• Country of residence
• State, province, or region
• ZIP or postal code
• Citizenship status (e.g., Citizen/Permanent Resident)

Step 7: Provide KYC Information (Asset Information)

• Indicate the main source of your funds
• State your annual household income before taxes
• Specify what you plan to achieve with your Ledn account
• Confirm that all assets were acquired legally and will be used for legal purposes
• Acknowledge that:
  • Ledn is a self-directed platform.
  • Ledn does not provide advice or recommendations regarding digital asset transactions.
  • You are solely responsible for your investment decisions, profits, losses, and tax consequences.

Step 8: Identity Verification

• After completing the information gathering process, click ‘Continue.’
• Upload an image of a valid, government-issued photo ID.
• Ensure the document is from the country of residence you provided. 

Step 9: Address Verification

• Submit a valid proof of residence document, such as a utility bill or bank statement.
• Ensure the document:
  • Is issued in your name.
  • Matches the address information you provided.
  • Is no older than 90 days.

Step 10: Await Approval

• If your application passes the automated verification process, you will receive a confirmation message.
• Upon successful KYC completion, you will receive an e-mail confirming that your account is enabled for transactions.

What if the automated verification fails?

• If the automated verification fails, your case will be assigned to a Ledn AML Compliance Analyst for manual review.
• The possible outcomes:
  • Manual approval of your case.
  • Guidance from the Customer Success team for additional steps, such as uploading clearer documentation or a different proof of address.
• Manual reviews typically take up to 48 hours to complete.

Additional Details:

• Security: All personal information is encrypted and securely stored.
• No Credit Checks: Ledn does not perform credit checks during the account setup process or during loan applications.
• Approval Time: Most verifications are processed within 1-2 business days, although delays may occur if additional documentation is needed.

Yes, Ledn offers corporate accounts to eligible businesses. This guide provides an overview of how to create a corporate account and the requirements to get started.

What are the Requirements to create a Corporate Account?

To open a corporate account with Ledn, you will need to meet the following criteria:

• Business Registration: Proof of business registration in an eligible jurisdiction.
• Corporate Documents: A certificate of incorporation, Articles of Association, operating agreement, Register of Shareholders or similar legal documentation.
• Authorized Signatory ID: A government-issued ID for the person authorized to manage the account.
• Shareholder’s ID: A government-issued ID for all shareholders with more than 25% participation. 
• Director’s or Manager’s ID: A government-issued ID for all Directors/Managers.
• Proof of Address: A utility bill, bank statement, or tax document dated within the last three months, showing the business address.

Phase 1: Register Your Corporate Account

1. Create an Account

• Visit www.ledn.io and click Sign Up.
• Use the corporate entity’s name as the First Name and the legal suffix (e.g., Inc., LLC) as the Last Name.
• Enter the company’s email address and create a secure password.

2. Verify Your Email

• Check your inbox for a verification message from Ledn.
• Click the link in the email to verify your address and activate the account.

3. Log In and Verify by SMS

• Sign in using your company email and password.
• Enter the SMS code sent to the registered phone number.

4. Start the Identity Verification Process

• Once logged in, click the “Verify your Identity” banner at the top of your dashboard.
• Provide the following details:
  • First Name: Company name
  • Last Name: Legal suffix (e.g., Inc., LLC)
  • Date of Birth: Use "2000-01-01"
  • Occupation: "Business"
  • Citizenship: Country of operations
  • PEP Status: Indicate if the entity or owners are politically exposed

5. Enter the Company’s Registered Address

• Provide the official corporate address.
• Select "Citizen or Permanent Resident" as the citizenship status (required by platform logic).

6. Select ‘Begin verifying. 

• Once in the ‘Getting Started’ screen, click ‘X’ in the top right corner. This will help create the company’s profile in our system. 

Phase 2: Upload Corporate Documents and Verify Individuals

Once you've completed the initial setup, contact Ledn’s Client Success Team using the Help Center request form. We’ll send you a secure link to complete the next steps.

7. Submit Company Information

• Provide business location and operations details.
• Confirm corporate address and business category.

8. Add Associated Individuals

• Enter the emails of all required individuals:
  • Authorized representatives
  • Shareholders/partners/owners/directors with 25% or more ownership or control

They will each receive a separate email to complete their individual KYC.

9. Upload Corporate Documents

You will be asked to upload the following:

• Certificate of Incorporation
• Articles of Association
• Shareholder or ownership registry
  Register of Directors
• Corporate structure chart (signed by a director)
• Proof of corporate address (dated within the last 3 months)
  Power of Attorney (if the person onboarding is not a director, CEO, CFO, or manager)

Once done, please let the Client Success Team know in the same Ticket so our Compliance Team can initiate the review. 

What Happens Next?

• A Compliance Analyst will review your application.
• Feedback will be provided within 72 business hours via the Client Success Team.
• If needed, additional documentation may be requested to complete onboarding
• Jurisdictional Limitations: Corporate accounts are available only in certain jurisdictions. Check the Eligibility Page  to confirm the eligibility
• No Credit Checks: Similar to individual accounts, Ledn does not perform credit checks for corporate accounts.
• Additional Information Required: After the first review of documentation, Ledn may request for additional information in order to complete the Corporate Onboarding. 

Legal & Compliance Notes: Ledn complies with international regulations for business and corporate accounts, including KYC and AML requirements. Ensure that all provided documents are valid and up-to-date to avoid delays in the verification process.

Yes, completing the Know-Your-Customer (KYC) process is required for all Ledn clients. KYC is a regulatory requirement that helps Ledn verify the identity of its clients and ensure compliance with Anti-Money Laundering (AML) regulations. This article explains the KYC process and why it is necessary.

Why is KYC Necessary?

KYC is a standard process to verify the identity of clients. It ensures that Ledn’s services are not used for illegal activities, such as money laundering or fraud, and helps maintain the integrity and security of the platform.

What Do I Need to Complete KYC?

To successfully complete KYC, you will need the following:

• Government-Issued photo ID: Acceptable forms include a passport, national ID, or driver's license.
• Proof of Address: A document that matches your registered address such as utility bill, bank statement, or tax document, issued under your name and dated within the last three months.
• If Applicable - Source of Wealth / Source of Funds:  Show when, where, and how you obtained the assets held on the Ledn platform (e.g., funds in your Transaction account, Growth account, DCN, or as loan collateral). We may request Source of Wealth or Source of Funds documentation to meet regulatory requirements and ensure the safety of our platform. We only ask for this information when necessary and handle it securely and confidentially. 

Who Needs to Complete KYC?

• All Clients: KYC is mandatory for all users before accessing any Ledn product, including BTC-backed loans, Growth Accounts, or any other service offered by Ledn.
• Corporate Accounts: Businesses must also complete the KYB process by providing corporate registration documents, alongside identification of authorized signatories.

Additional Details:

• KYC Review Time: Most verifications are processed within 1-2 business days.
• KYB Review Time:  You should receive feedback on your application for a corporate account within 72 business hours.
• Jurisdictional Restrictions: Ledn services may not be available in all regions. Be sure to check whether Ledn operates in your jurisdiction before proceeding with KYC. You can see jurisdictional availability here. 

For more information, please refer to our Terms of Service and Privacy Policy.

Yes. Ledn uses Two-Factor Authentication (2FA) to add an additional layer of security to your account.

Two-Factor Authentication means that, in addition to your email and password, you'll be asked to verify your identity using a second authentication method when accessing your account.

What Authentication Methods Does Ledn Use?

Depending on your account configuration, you may use one of the following methods:

1. SMS Verification: A one-time verification code is sent to the phone number associated with your Ledn account. You'll enter this code when prompted to verify your identity.

2. Passkeys: Passkeys allow you to securely authenticate using a trusted device or supported credential manager. When you use a Passkey, you confirm your identity using the security method available on your device, such as facial recognition, fingerprint, device PIN, or another supported authentication method. These methods are used to authorize the use of your Passkey; they are not the Passkey itself. Passkeys are phishing resistant and help prevent unauthorized access compared to  traditional authentication methods.
   Learn more: What Is a Passkey and How Do I Set It Up?

3. Hardware Security Keys: A Hardware Security Key is a physical security device used to authenticate access to your Ledn account. Hardware Keys provide strong protection against phishing because physical access to the registered key is required to authenticate.
   Learn more: What Is a Hardware Security Key and How Do I Set It Up?

4. Authenticator App (TOTP): An Authenticator App, such as Google Authenticator or Authy, generates a temporary 6-digit code that can be used to authenticate your account. Learn more: What Is TOTP / Authenticator App Authentication?

Which Authentication Method Does Ledn Recommend?

For stronger account protection, Ledn recommends using a Passkey or Hardware Security Key. These methods use phishing-resistant authentication and provide a higher level of protection against phishing and unauthorized access.

If you're unsure which authentication method is currently configured on your account or you've lost access to it, please visit:

Lost Access to Your Two-Factor Authentication (2FA) Method? Here's How to Reset It