Ledn vs Milo

Ledn4.1/5

VS

Milo3.8/5

Feature	LednVisit	MiloVisit
Ratings
Our score	4.1/5	3.8/5
User rating	No reviews yet	No reviews yet
Rates	3.5	3.0
Security	4.5	4.5
Transparency	4.5	4.0
Flexibility	3.5	3.5
Support	4.0	3.5
Specs
KYC required	Yes	Yes
Products	Crypto-backed loans	Crypto-backed loans
Max loan-to-value	50%	100%
Loan APR from	9.25%	7%
Supported assets	5	3
Available in	Global, Canada, United States, Latin America, Europe (EEA), Asia-Pacific, Middle East, Africa	United States
Proof of reserves	Yes	Not disclosed
Insurance	Not disclosed	Custody insurance via BitGo and Coinbase
Licenses & registrations	Cayman Islands VASP registration (CIMA)	Licensed mortgage lender in 10+ U.S. states, NMLS registered
Flexible (withdraw any time)	Yes	Not disclosed
Fixed terms	Yes	Yes
Company
Founded	2018	2018
Headquarters	Canada	United States
Investors	Tether	M13, MetaProp, QED Investors
Strengths and weaknesses
Pros	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	Over $250 million originated across digital mortgage and cash lending products Pledged collateral is held without rehypothecation at Coinbase and BitGo Self-custody mortgage option removes the threat of margin calls Licensed direct mortgage lender holding licenses in 10+ U.S. states
Cons	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	Loan APR starts at 10.75% alongside a 2% origination fee Mandatory identity verification and standard mortgage underwriting on all files Self-custody reserve mortgages require a minimum loan balance of $200,000 Custodial loans face margin liquidation risk if crypto asset prices drop
Best for	Bitcoin holders borrowing cash, Long-term BTC collateral users, Borrowers needing USD liquidity	Crypto holders buying U.S. real estate, Borrowers avoiding capital gains taxes, Bitcoin holders wanting self-custodial reserves

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.

More comparisons