Platform Comparison
Ledn vs Arch: Tiered Rates vs Revolving Credit
Ledn vs Arch comparison for Bitcoin-backed loans. Compare tiered rates vs revolving credit, custody models, safety scores, and fees.
Ledn and Arch both offer BTC-backed loans with institutional custody, but they differ significantly in product structure and collateral-use language. Ledn provides traditional fixed-term loans with tiered pricing and Open Book reporting, while Arch offers a revolving line of credit with explicit no-use-of-client-assets language.
Ledn is stronger on track record and scale: $10B+ funded, 8 years operating, and experience through prior market cycles. It fits large one-time loans where tiered pricing may matter.
Arch is stronger on product flexibility: a revolving line of credit with Anchorage custody. It fits borrowers who want ongoing access to capital without re-applying.
Head-to-Head Comparison
Key Differences
- Ledn has partial rehypothecation vs Arch Lending's no rehypothecation
- Arch Lending offers a lower starting APR (7.25% vs 9.25%)
The Verdict
Which platform is right for you?
→ Pick Ledn if:
- • You want a long-running BTC lender with $10B+ funded
- • You're borrowing $250K+ for tiered rate discounts
- • You value Open Book reporting
- • You prefer a traditional fixed-term loan structure
- • You want the widest regulated footprint in our dataset (90+ countries)
→ Pick Arch Lending if:
- • You want a revolving line of credit (draw/repay anytime)
- • You value Anchorage Digital custody (federally chartered bank)
- • You want up to 60% LTV (Ledn maxes at 50%)
- • You want a flexible, reusable credit facility
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