Starting with Ledn

Creating an account with Ledn is quick and secure. To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, all clients are required to provide identity verification documents. This guide outlines the necessary steps, requirements, and eligibility criteria.

Am I Eligible to Create a Ledn Account?

• Age Requirement: You must be at least 18 years old to open an account with Ledn. Minors are not permitted to create an account.
• Jurisdictional Eligibility: Ledn's services are available only in eligible jurisdictions. Some regions may not support Ledn’s products due to local regulations. Please contact support for more details on availability in your region.

Note that Ledn currently does not permit the following:

• Duplicate Accounts:  Only one account is permitted per customer although multiple products can be linked to that account.

What are the requirements?

• Government-Issued photo ID: Acceptable forms of identification include a passport, national ID, or driver's license.
• Proof of Address: Submit a document that matches your current residential address (individual customers) or registered address (corporate customers) such as a utility bill, bank statement, or tax document, issued under your name and no older than three months (if issued monthly) or twelve months (if issued annually).
• If Applicable - Source of Wealth / Source of Funds:  Show when, where, and how you obtained the assets held on the Ledn platform (e.g., digital assets held in your Transaction account, Growth account, DCN, or as loan collateral).

Yes, Ledn offers corporate accounts to eligible businesses. This guide provides an overview of how to create a corporate account and the requirements to get started.

What are the Requirements to create a Corporate Account?

To open a corporate account with Ledn, you will need to meet the following criteria:

• Business Registration: Proof of business registration in an eligible jurisdiction.
• Corporate Documents: A certificate of incorporation, Articles of Association, operating agreement, Register of Shareholders or similar legal documentation.
• Authorized Signatory ID: A government-issued ID for the person authorized to manage the account.
• Shareholder’s ID: A government-issued ID for all shareholders with more than 10% participation. 
• Director’s or Manager’s ID: A government-issued ID for all Directors/Managers.
• Proof of Address: A utility bill, bank statement, or tax document dated within the last three months, showing the business address.

Step 1: Visit the Ledn Website

• Go to www.ledn.io and click on “Sign Up” at the top right corner of the page.

Step 2: Complete the Sign-Up Form

• Enter the company’s name as the legal first name.
• Enter the company’s legal type suffix (e.g., Inc., L.L.C.) as the legal last name.
• Provide the corporate entity’s email address.

Step 3: Create a Secure Password

Step 4: E-mail Verification

• Check the registered email address for a verification email.
• Click the link in the email to verify the address.
• Only after the email is successfully verified will the account be registered on the Ledn platform.

Step 5: Sign in to the Ledn Platform

• Use the email and password created during registration.
• Enter the SMS code sent to the registered phone number.

Step 6: Initiate Verification

• Once logged in, click on the “Verify your Identity” link at the top of the dashboard to begin the corporate entity and associated individuals’ identity verification process.

Step 7: Provide Personal Information

• Submit the following:
  • Legal first name: Company name.
  • Legal last name: Company suffix (e.g., Inc., LLC, Ltd.).
  • Date of Birth: Enter “2000-01-01.”
  • Occupation: “Business.”
  • Citizenship: Country of operations (select multiple if applicable).
  • PEP: Indicate if the company is a Politically Exposed Person (PEP).

Step 8: Provide Residential Address Information

• Enter the registered address of the company.
• Specify the citizenship status as "Citizen or Permanent Resident."

Step 9: Provide Asset Information

• Complete the requested information about the company’s assets.

Step 10: Individual KYC

• Non-owners/controllers must complete the individual KYC process, including submitting:
  • Valid government-issued photo ID.
  • Selfie.
  • Proof of residence.
• Owners/controllers must complete the same process and additional verification steps.

Step 11: Notify Customer Success

• Contact the Ledn Customer Success team to inform them that the corporate account has been created using the company’s email address.
• The Customer Success team will provide a secure link for:
  • Entering additional company information.
  • Prompting the identity verification process for associated individuals (e.g., authorized agents, shareholders, partners, owners, directors with 10% or more ownership/control).
  • Uploading all corporate entity supporting documents.

Step 12: Business Verification

• Click the secure link from the Customer Success team to access the Business Verification screen.

Step 13: Provide Business Location Details

Step 14: Provide Business Information

Step 15: Provide Business Address Information

Step 16: Submit Associated People Information

• Email addresses entered in this section will receive a verification email to complete the ID live verification process.

Step 17: Upload Company Documents

• Submit relevant company documents as guided.
• A confirmation message will appear once all documents are uploaded.

Review and Feedback

• The application will be reviewed by an AML Compliance Analyst.
• Feedback will be provided within 72 hours through the Customer Success Team.

Additional Details:

• Corporate Benefits: Corporate accounts offer access to all of Ledn’s products, including BTC and USDC-backed loans, savings accounts, and growth services.
• Jurisdictional Limitations: Corporate accounts are available only in certain jurisdictions. Check with Ledn support to confirm your business’s eligibility.
• No Credit Checks: Similar to individual accounts, Ledn does not perform credit checks for corporate accounts.
• Additional Information Required: After the first review of documentation, Ledn may request for additional information in order to complete the Corporate Onboarding. 

Legal & Compliance Notes:

Ledn complies with international regulations for business and corporate accounts, including KYC and AML requirements. Ensure that all provided documents are valid and up-to-date to avoid delays in the verification process.

Yes, completing the Know-Your-Customer (KYC) process is required for all Ledn clients. KYC is a regulatory requirement that helps Ledn verify the identity of its clients and ensure compliance with Anti-Money Laundering (AML) regulations. This article explains the KYC process and why it is necessary.

Why is KYC Necessary?

KYC is a standard process to verify the identity of clients. It ensures that Ledn’s services are not used for illegal activities, such as money laundering or fraud, and helps maintain the integrity and security of the platform.

What Do I Need to Complete KYC?

To successfully complete KYC, you will need the following:

• Government-Issued photo ID: Acceptable forms include a passport, national ID, or driver's license.
• Proof of Address: A document that matches your registered address such as utility bill, bank statement, or tax document, issued under your name and dated within the last three months.
• If Applicable - Source of Wealth / Source of Funds:  Show when, where, and how you obtained the assets held on the Ledn platform (e.g., funds in your Transaction account, Growth account, DCN, or as loan collateral).

Who Needs to Complete KYC?

• All Clients: KYC is mandatory for all users before accessing any Ledn product, including BTC-backed loans, Growth Accounts, or any other service offered by Ledn.
• Corporate Accounts: Businesses must also complete the KYB process by providing corporate registration documents, alongside identification of authorized signatories.

Additional Details:

• KYC Review Time: Most verifications are processed within 1-2 business days.
• KYB Review Time:  You should receive feedback on your application for a corporate account within 72 business hours.
• Jurisdictional Restrictions: Ledn services may not be available in all regions. Be sure to check whether Ledn operates in your jurisdiction before proceeding with KYC.

For more information, please refer to our Terms of Service and Privacy Policy.

Yes, Ledn uses Two-Factor Authentication (2FA) to enhance the security of your account. 2FA provides an extra layer of protection, reducing the risk of unauthorized access by requiring two forms of verification. This article explains how 2FA works and why it’s important for keeping your account secure.

What is Two-Factor Authentication (2FA)?

2FA is a security process that requires two separate verification steps before you can log in to your account:

• Step 1: Enter your email and password.
• Step 2: Confirm your identity using an additional authentication method (SMS or Token-based app).

What types of 2FA are Available at Ledn?

• SMS-based 2FA: When logging in, you will receive a one-time verification code via SMS. Enter this code along with your password to access your account.
• Token-based 2FA: This method uses an authenticator app (such as Google Authenticator or Authy) to generate a unique time-based one time password (TOTP). Ledn recommends using Token-based 2FA for enhanced security.

How to Enable 2FA on Your Ledn Account?

1. Log into Your Account:
   • Visit www.ledn.io and log in using your email and password.
2. Go to the Security Settings:
   • Once logged in, navigate to the top right corner of your dashboard and select “Security” from the drop-down menu.
3. Enable 2FA:
   • Choose between SMS-based 2FA or Token-based 2FA using an authenticator app. Follow the on-screen instructions to complete the setup.
4. Confirm Your 2FA Settings:
   • Once 2FA is enabled, you will be required to enter authentication code each time you log in to your Ledn account.

Why Should You Use Token-Based 2FA?

While SMS-based 2FA offers basic protection, using Token-based 2FA (through an authenticator app) provides a higher level of security. Token-based 2FA helps prevent SIM-swapping attacks, where hackers take control of your phone number and attempt to access your account. Ledn strongly recommends switching to Token-based 2FA for better protection.

What to Do if You Lose Access to Your 2FA Method?

If you lose access to your phone or authenticator app, visit the Help Center to learn how to recover your account and regain access. Clients who lose access to their 2FA method should submit a request to our support agents.

Additional Details:

• Security Recommendation: Ledn encourages all users to enable Token-based 2FA to reduce the risk of unauthorized access.
• Account Recovery: If you lose access to your 2FA method, visit the Help Center for assistance in recovering your account.
• For more information, please visit our Terms of Service and Privacy Policy.