Ledn vs Nexo

Ledn4.1/5

VS

Nexo3.2/5

Feature	LednVisit	NexoVisit
Ratings
Our score	4.1/5	3.2/5
User rating	No reviews yet	No reviews yet
Rates	3.5	3.5
Security	4.5	3.0
Transparency	4.5	2.5
Flexibility	3.5	3.5
Support	4.0	4.0
Specs
KYC required	Yes	Yes
Products	Crypto-backed loans	Savings / earn, Fixed-term deposits, Crypto-backed loans
Highest advertised APY	Not disclosed	15%
Max loan-to-value	50%	Not disclosed
Loan APR from	9.25%	2.9%
Supported assets	5	100
Available in	Global, Canada, United States, Latin America, Europe (EEA), Asia-Pacific, Middle East, Africa	Global
Proof of reserves	Yes	No
Licenses & registrations	Cayman Islands VASP registration (CIMA)	Not disclosed
Flexible (withdraw any time)	Yes	Yes
Fixed terms	Yes	Yes
Auto-compounding	Not disclosed	Yes
Company
Founded	2018	2018
Headquarters	Canada	Switzerland
Investors	Tether	Not disclosed
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	Flexible Savings has no lock-up and pays interest daily Supports more than 100 digital assets Transfers operate across 20+ blockchain networks Credit Line lets clients borrow without selling crypto
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	Deposits use centralized custody and transfer control to Nexo-controlled wallets No real-time on-chain proof of reserves Flexible interest requires a balance above $5,000 Fixed-term products lock assets for up to 12 months
Best for	Bitcoin holders borrowing cash, Long-term BTC collateral users, Borrowers needing USD liquidity	Crypto savers with $5,000-plus, Borrowers using crypto collateral, Multi-chain asset holders

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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