Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
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If you have breached any provision of the Terms of Service or are otherwise not in full compliance with these Terms of Service, the permissions granted to you hereunder will automatically terminate, and in such circumstance, you will no longer use or access, or be entitled to use or access, the Platform, your Ledn Account or the Services. We reserve the right to terminate your right to use the Platform, or block you from future use, at any time in our sole discretion, with or without cause, and without notice to you.
Without prejudice to any of our other rights under these Terms of Service, if you breach these Terms of Service in any way, you agree and acknowledge that we may take such action as we deem appropriate to deal with the breach, including suspending your access to the Platform, prohibiting you from accessing the Platform, blocking computers using your IP address from accessing the Platform, contacting your internet service or other telecommunications provider to request that it block your access to the Platform, contact any private or public law enforcement authority and disclose any information we may have about you regardless of how it was obtained,
In order to qualify for a Savings account, the user must have passed Ledn’s KYC process. Users can then deposit Bitcoin.
To apply for a Savings Account, you must have a Ledn Account and have completed our know-your-client verification process. You apply for a Savings Account by clicking the “Deposit” button on the “BTC Savings” or the “USDC Savings” page of the Platform or by otherwise requesting to use or open a Savings Account.
The withdrawal process entails requires approval from Ledn.
The app allows users to deposit, withdraw, save and borrow against bitcoin. It functions as a wallet with some features and some restrictions. The service is custodial, making the app not verifiable.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.