Bybit Earn vs Ledn

How Bybit Earn vs Ledn compare on our ratings, earn platform specs, funding, pros and cons.

VS
Ledn4.1/5
Feature
Ratings
Our score3.4/54.1/5
User ratingNo reviews yetNo reviews yet
Rates4.03.5
Security2.04.5
Transparency3.54.5
Flexibility4.53.5
Support3.54.0
Specs
KYC required Yes Yes
ProductsSavings / earn, Fixed-term deposits, Staking, Dual investmentCrypto-backed loans
Max loan-to-valueNot disclosed50%
Loan APR fromNot disclosed9.25%
Supported assetsNot disclosed5
Available inNot disclosedGlobal, Canada, United States, Latin America, Europe (EEA), Asia-Pacific, Middle East, Africa
Proof of reserves Yes Yes
Licenses & registrationsNot disclosedCayman Islands VASP registration (CIMA)
Flexible (withdraw any time) Yes Yes
Fixed terms Yes Yes
Company
Founded20182018
HeadquartersUnited Arab EmiratesCanada
InvestorsNot disclosedTether
Strengths and weaknesses
Pros
  • Proof of reserves is available for the exchange
  • Access to tokenized institutional bond funds from PIMCO and CMBI
  • Flexible savings with unstaking available at any time
  • On-chain vault access directly integrated with the Mantle network
  • 100% BTC collateral in custody as of September 1, 2026
  • Bitcoin-backed APRs advertised from 9.25%
  • Early repayment has no penalty on standard loans
  • Monthly reports disclose assets, liabilities and loan metrics
Cons
  • Suffered a $1.4 billion theft of 400,000 ETH on February 21, 2025
  • Custodial structure exposes customer assets to exchange counterparty risk
  • Structured products like Dual Asset have market-dependent outcomes
  • Centralized counterparty and insolvency exposure remains
  • Bitcoin price declines can trigger top-ups or liquidation
  • Product availability varies by jurisdiction
  • Loan terms are fixed at 12 months
Best forBybit exchange users holding idle balances, Traders using structured dual-asset products, Investors seeking tokenized bond yieldsBitcoin holders borrowing cash, Long-term BTC collateral users, Borrowers needing USD liquidity

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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