Last updated: June 24, 2021

How do I trade BTC and USDC on Ledn?

Using Ledn Trade is fast and simple. To place a trade order simply navigate to your BTC or USDC Savings Account page, and click the Quick Trade button at the top right of your dashboard. Then select the amount you’d like to trade and confirm your order. That’s it!

How are the prices determined?

The prices displayed on our Ledn Trade feature represent the total cost of your transaction, with no additional fees and no surprises. Ledn aggregates prices from multiple liquidity sources and provides 15 second time-locked price quotes that you can review and accept for the seamless execution of your buy or sell trade. 

How do I start earning interest when I trade?

At Ledn, your BTC and USDC Savings Accounts are the home base for all your trading activity. This means you’re always earning interest on account balances between trades. Every time you place a trade, the Bitcoin or USDC you purchased is deposited directly to the appropriate savings account. Interest is calculated daily based on the BTC and USDC Savings Account balance you have as of 11:59 pm EST. There are no additional steps for you to take in order to earn interest - just place the trade and we take care of the rest.

Do I earn interest the day I trade? 

Yes. You earn interest on whatever BTC USDC balance is held in your Savings Account at 11:59 PM EST daily regardless of whether you traded that USDC or Bitcoin that day. For example, if during the day you trade USDC for 1 Bitcoin you will earn interest for that day for that 1 Bitcoin but not for the USDC you used to buy that Bitcoin. 

What assets can I trade?

BTC and USDC are both supported for Lend Trading and Ledn Savings Accounts. Ledn clients can trade between their BTC and USDC accounts seamlessly. Stay tuned as we will be adding support for additional assets in the near future.

How can I open a Ledn account and start trading?

Opening a Ledn account takes less than 2 minutes. You can register an account by clicking here. Once your account is registered, simply verify your KYC profile and send funds to your BTC or USDC Savings Account. Once you have funded your Ledn Savings Account, you will be able to start trading right away. 

What can I do to keep my Ledn account safe? 

The security of your account is our top priority. There are several security features that we have made available to you, such as Two-Factor Token Authentication, Safelisting, and Anti-Phishing Codes. Enabling them can materially enhance the security of your account. If you have not already done so, we strongly encourage you to switch from SMS to Token Two-Factor Authentication, or Token 2FA, as soon as possible. Doing so helps reduce the risk that your phone line or SIM card is compromised and used in an attempt to fraudulently access your Ledn account. We also strongly recommend that you use the Safelisting feature. You can learn more about safelisting here.

Is trading available worldwide?

Ledn Trade is available in select countries and select U.S. states. We are rapidly expanding our coverage area. If you would like to inquire about your region, contact us at support@ledn.io and we'll get back to you right away. Click here if you would like to be informed when Trade launches in your region. 

How long does it take to place a trade?

Once you click on Confirm Order you will receive a Success message advising you that your trade has been completed. Your new assets will be displayed in your Bitcoin or USDC Savings Account. You will also get an email confirming the details of the trade.  

Is there a trading max? 

You have a max single trade limit of $2M USD (or equivalent amount in bitcoin) currently and a $5M USD trade limit per day. Please visit our Ledn Trade Terms for all the terms and conditions governing your trading activity.

Have questions? Contact us at support@ledn.io

* * *

This article is intended for general information and discussion purposes only, it is not an offer or solicitation of any kind, and is not to be relied upon as constituting legal, financial, investment, tax or other professional advice. This article and the information contained herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This article is not directed to any person in any jurisdiction where the publication or availability of this article is prohibited, by reason of that person's nationality, residence or otherwise. A professional advisor should be consulted regarding your specific situation. Digital assets are not legal tender, and are not backed by the government. The information contained in this publication has been obtained from sources that we believe to be reliable, however we do not represent or warrant that such information is accurate or complete. Past performance and forecasts are not a reliable indicator of future performance.

* * *