Type
- LEDN
- Loan
- SURGE
- Credit Line
Compare Surge
Credit with..
$100$1,000,000
| Factor | Ledn | Surge Credit |
|---|---|---|
| Lending | ||
| Type | Loan | Credit Line |
| Interest Rate | 9.99–11.49% APR (Fixed, tiered) | From 6.9% APR (Variable) / 9.9% (Fixed) |
| Origination fee | 2% (waived in US & Canada) | None |
| Duration | 12 months, fixed term | 12 months, rollover anytime |
| Terms | No monthly payments. Full repayment at maturity. | Repay any amount, anytime. No penalties. |
| Fast access to funds | Within 24 hours | ~30 min |
| LTV flexibility | 50% | 50% (expanding) |
| Globally accessible | Most countries, some restrictions | ✓ |
| KYC required | Yes | No |
| Bitcoin Custody | ||
| Custodian | BitGo (CeFi) | Bitcoin (Taproot vault) |
| On-chain verifiable collateral | ✗ "Verifiable by Ledn" only | ✓ Verifiable by you |
| Segregated collateral | "Ring-fenced" on Custodied loans | ✓ |
| Bitcoin-native (no wrapping) | ✓ | ✓ |
| Zero rehypothecation | Only on Custodied loans. Standard loans are rehypothecated. | ✓ Verifiable on-chain |
| Unilateral exit | ✗ | ✓ |
Lending
Interest Rate
- LEDN
- 9.99–11.49% APR (Fixed, tiered)
- SURGE
- From 6.9% APR (Variable) / 9.9% (Fixed)
Origination fee
- LEDN
- 2% (waived in US & Canada)
- SURGE
- None
Duration
- LEDN
- 12 months, fixed term
- SURGE
- 12 months, rollover anytime
Terms
- LEDN
- No monthly payments. Full repayment at maturity.
- SURGE
- Repay any amount, anytime. No penalties.
Fast access to funds
- LEDN
- Within 24 hours
- SURGE
- ~30 min
LTV flexibility
- LEDN
- 50%
- SURGE
- 50% (expanding)
Globally accessible
- LEDN
- Most countries, some restrictions
- SURGE
- ✓
KYC required
- LEDN
- Yes
- SURGE
- No
Bitcoin Custody
Custodian
- LEDN
- BitGo (CeFi)
- SURGE
- Bitcoin (Taproot vault)
On-chain verifiable collateral
- LEDN
- ✗ "Verifiable by Ledn" only
- SURGE
- ✓ Verifiable by you
Segregated collateral
- LEDN
- "Ring-fenced" on Custodied loans
- SURGE
- ✓
Bitcoin-native (no wrapping)
- LEDN
- ✓
- SURGE
- ✓
Zero rehypothecation
- LEDN
- Only on Custodied loans. Standard loans are rehypothecated.
- SURGE
- ✓ Verifiable on-chain
Unilateral exit
- LEDN
- ✗
- SURGE
- ✓
Thinking about switching?
Whether you're exploring alternatives, planning a migration, or just want to understand the differences - we're happy to talk.