Matrixport vs Ledn: Which Crypto Interest Account is Better?

Matrixport vs Ledn: Which Crypto Interest Account is Better?

Robert McDougall 

July 11, 2022

Cryptocurrency

Matrixport is a distinguished crypto financial platform that allows users to trade, invest, and leverage the most popular cryptocurrencies with great ease. The company was founded in 2019, and its headquarters are located in Singapore.

This platform’s primary goal is to ensure users ‘get more from their crypto’ - as it says in its slogan. To do this, Matrixport offers a whole host of services, including buying, selling, trading, interest-earning, fixed income offerings, and crypto lending, among other management features.

Ledn, on the other hand, is a crypto savings and lending platform headquartered in Canada and founded in 2018. It offers various financial services and provides interest leverage opportunities on digital assets, either by loaning or using savings accounts.

Ledn’s three main offerings are B2X loans, Bitcoin-backed loans, and Bitcoin and USDC savings accounts. It’s a widely appreciated platform, particularly due to its complete transparency and accountability.

Now that we got to know these two impressive companies, it’s time to delve deeper into each platform’s features, fees, security standards, and pros and cons to determine which one comes out on top.

Matrixport vs Ledn: Interest Rate Comparison

Header

BTC

3% APY

5.25% APY (First 0.1 BTC)

ETH

3% APY

Not supported

USDC

15% APY

7.50% APY

USDT

15% APY

Not supported

Cell
Header

BTC

3% APY

5.25% APY (First 0.1 BTC)

ETH

3% APY

Not supported

USDC

15% APY

7.50% APY

USDT

15% APY

Not supported

Cell

Matrixport vs Ledn: Comparison Table

Cell

Nunber of Coins

15+

2

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

BTC: Miner fee

USDC: 35 USDC

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- 24/7 customer support

- Bitcoin-backed supported loans

- Accountable and transparent platform

- Dedicated iOS and Android apps

Cons

- Not available in the USA

- Can only be operated via app

- Only 2 coins supported

- Low interest rates

Website

Matrixport vs Ledn: Comparison Table

Cell

Number of Coins

15+

2

Minimum Deposit

None

None

Withdraw Fee

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

BTC: Miner fee

USDC: 35 USDC

Pros

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

- Bitcoin-backed supported loans

- Accountable and transparent platform

- Dedicated iOS and Android apps

Cons

- Not available in the USA

- Can only be operated via app

- Only 2 coins supported

- Low interest rates

Website

Pros
  • Instantly buy and sell cryptocurrencies
  • Incredible security and safety standards
  • Huge 15% APY on stablecoins
  • $15 USD FREE bonus when you sign up with our link and deposit $300
Cons
  • No desktop application
  • Not available in the USA
Pros
  • No monthly requirements for loan payment
  • Bitcoin and USDC easy interest-earning options
  • Bitcoin-backed supported loans
  • Dedicated iOS and Android mobile app
Cons
  • Only BTC and USDC supported
  • Not available in the USA

Matrixport vs Ledn Features 

Matrixport is considered by many to be a leading crypto platform that offers a wide range of financial services. Some of these features include Flexi savings accounts, fixed income investments, leveraged trade offerings, and dual-currency trading options.

Additionally, you can buy, sell, trade, or earn interest in the crypto of your choice, as well as have the ability to acquire a loan against crypto as collateral. It has gathered quite a following, precisely due to the exchange’s nature of providing all possible tools for crypto investors. This can help you bolster your investment portfolio, enabling you to try out all features when conducting crypto business.

Matrixport’s best asset is the zero-fee instant trading feature. Namely, you can buy or sell your crypto with no fee charges to ensure you maximise your returns. Particularly handy for those individuals who are looking to conduct numerous trades and avoid continuous fee charges on their transactions.

What’s more is you’ll have the full backing of the platform’s customer support, which is available 24/7 with a live chat option to make everything easier. Many might not consider this an important feature, but having a helping hand at all times is not something to be ignored. You can reap the benefits, especially if you conduct time-sensitive operations.

Ledn, being primarily a savings and lending platform, offers some pretty interesting services too. Here you can earn interest on USD Coin and Bitcoin, offer Bitcoin-backed loans, and open a Ledn savings account.

With a savings account, you can earn interest of 7.5% APY and 5.25% APY on USDC and BTC respectively. However, note that the rate of 5.25% APY for BTC is only for the first 0.1 BTC you deposit. Any larger amounts of BTC, you only receive 2% APY.

Ledn generates interest through its lending activities, primarily lending crypto to Genesys, which is its main borrower. You’ll notice that your crypto will always be lent someplace else, earning you profit in the form of interest.

Furthermore, if you wish to increase your holdings in Bitcoin, you can do so with Ledn’s B2X loans. First, you’ll need to secure a Bitcoin loan so you can then purchase Bitcoin. In turn, this will lead back to a double increase in your Bitcoin savings.

Winner - Matrixport

Matrixport’s wide range of crypto financial services and features convinced us to choose it over Ledn since it caters to all types of crypto enthusiasts, especially those who look to have multiple choices over their crypto investments.

Matrixport vs Ledn Fees

Signing up to Matrixport, you won't have to pay any fees for deposits or instant trading.

However, if you wish to withdraw, you’ll be charged $30 for fiat withdrawals, and crypto withdrawals depend on the cryptocurrency.

Here’s a breakdown of the most popular coins and fees applicable to each:

  • BTC: 0.0005 BTC
  • ETH: 0.005 ETH
  • USDT (ERC-20): 10 USDT
  • USDT (TRC-20): 1 USDT
  • USDC (ERC-20): 20 USDC
  • USDC (TRC-20): 1 USDC

Ledn has a similar fee structure in place. It doesn’t charge for deposits or trading. However, for Bitcoin withdrawals, the platform charges miner fees, and for USD Coin you need to pay 35 USDC.

Ledn has zero withdrawal fees for loans, and no fees for the savings accounts at Ledn.

Winner - Matrixport

Matrixport and Ledn both have free deposits and trading, but Matrixport charges lower fees for USDC withdrawals, making it the winner here.

Number of Cryptocurrencies

Currently, Matrixport supports some 15+ cryptocurrencies, and they include popular coins like Bitcoin, Ethereum, and USDC.

Ledn offers only two coins: Bitcoin and USDC, which is an extremely limited range for a crypto interest account.

Winner - Matrixport

Matrixport easily wins this section with 15+ coins, since Ledn only offers Bitcoin and USDC on its platform.

Matrixport vs Ledn Security

Matrixport is a reliable platform and offers state-of-the-art security features for protection against unwanted attacks. It follows Singaporean laws and is backed by Cactus Custody - a cutting-edge crypto management system.

Cactus Custody is considered by many to be an incredibly reliable and authoritative security figure, offering a cold storage wallet system to safeguard users’ data and funds offline and away from cyber breaches.

Furthermore, Matrixport employs FIPS 140-2 Level 3 grade security, batch transfer of funds, and multiple data centres.

Ledn uses high-security protocols for data privacy and protection, two-factor authentication, and password protection with AES-256 encryption. The platform proudly emphasizes its transparency and the fact that it hasn’t endured a successful hack so far.

Based in Canada, Ledn adheres to Canadian laws and policies and, similar to Matrixport, also employs a cold wallet storage system, with BitGo being the custodian. For those looking to conduct swift borrowing operations, rest assured that Ledn will not do background checks for approval.

Winner - Matrixport

The volume and levels of security Matrixport currently have in place are superior to Ledn, especially seeing as Cactus Custody is behind them, compared to BitGo being Ledn’s guardian, so we have to go with Matrixport as the winner here.

Verdict - Matrixport

We’ve concluded our comparison of Matrixport and Ledn, checked out both platforms’ features, pros and cons, fees, and security measures in place, and now it’s time to give our final take.

While Ledn is an excellent choice for leveraging digital assets and crypto saving, requiring no minimum deposits or balances in the process and incredibly low-to-no withdrawal and deposit fees, Matrixport still gets the upper hand since it packs a lot more.

We can sum up and safely state that Matrixport is a top financial services platform helping crypto enthusiasts gain access to a wide selection of investment options. Numerous impressive features such as investing, earning, trading, and saving accounts, are what make this exchange stand out.

Add an intuitive mobile app to the mix, alongside support for 15+ of the most popular coins on the market, with zero-fee trading and free interest loan options, and you get an all-in-one platform we’d proudly recommend to any crypto investor who is looking to start his journey in the crypto world. For a limited time, if you sign up using this link, you also receive $15 USD for free when you take advantage of the 15% APY fixed income offer.

Overall Winner - Matrixport

Matrixport excelled in every section, and is the better choice compared to Ledn.

Still Researching?

If you are still doing your research before choosing a platform to earn compound interest, you can read our detailed reviews on Matrixport (here) and Ledn (here), or our article on the best places to earn interest.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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