Ledn charges 9.99%–11.49% APR with a 2% origination fee using custodial (segregated). Arch charges 8.49%–11% APR with a 1.5% origination fee using custodial (anchorage, qualified custodian). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-05-14
Arch advertises a lower headline rate at 8.49%–11% compared to Ledn's 9.99%–11.49%. On a $1M loan held for 12 months, Arch saves $20,000 in total first-year cost (interest plus origination fees).
Ledn offers tiered rates that decrease with larger loan amounts, while Arch structures rates by loan-size. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Ledn APR | Arch APR | Ledn Total Year-1 Cost | Arch Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 11.49% | 11% | $13,490 | $12,500 | $990 with Arch |
| $250,000 | 10.99% | 11% | $32,475 | $31,250 | $1,225 with Arch |
| $500,000 | 10.49% | 11% | $62,450 | $62,500 | $50 with Ledn |
| $1M | 9.99% | 8.49% | $119,900 | $99,900 | $20,000 with Arch |
| $5M | 9.99% | 8.49% | $599,500 | $499,500 | $100,000 with Arch |
Total year-1 cost includes annualized interest plus origination fees. Ledn: 2% origination fee. Arch: 1.5% origination fee. Rates sourced from each lender's public rate pages as of 2026-05-14.
Both Ledn and Arch use similar custody approaches: custodial (segregated) and custodial (anchorage, qualified custodian) respectively. Ledn uses Custodial (segregated). Your Bitcoin is held by Ledn and could be at risk in the event of a hack, insolvency, or regulatory action. Arch uses Custodial (Anchorage, qualified custodian). Your Bitcoin is held by Arch and could be at risk in the event of a hack, insolvency, or regulatory action.
Ledn triggers margin calls at 70% LTV and liquidates at 80% LTV. Arch triggers margin calls at 70% LTV and liquidates at 80% LTV. Arch gives borrowers 24 hours to respond to a margin call. Ledn uses threshold-based triggers without a fixed response window.
| Threshold | Ledn | Arch |
|---|---|---|
| Max Starting LTV | 50% | 60% |
| Margin Call | 70% LTV | 70% LTV |
| Margin Call Window | Threshold-based | 24 hours |
| Liquidation | 80% LTV | 80% LTV |
Ledn: 30.0 percentage point buffer between starting LTV (50%) and liquidation (80%). Arch: 20.0 percentage point buffer between starting LTV (60%) and liquidation (80%). Ledn provides a wider safety margin.
Choosing between Ledn and Arch requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Ledn uses custodial (segregated) with 9.99%–11.49% APR, while Arch uses custodial (anchorage, qualified custodian) with 8.49%–11% APR.
On a $250,000 loan, Arch costs $31,250 in the first year versus $32,475 at Ledn, a difference of $1,225. Part of Ledn's higher cost comes from its 2% origination fee, which adds $5,000 upfront on this loan size.
Both platforms use similar custody approaches. Ledn operates via custodial (segregated), and Arch uses custodial (anchorage, qualified custodian). Neither platform rehypothecates borrower collateral.
Ledn is the better fit for borrowers who need smaller loans or instant access. Arch is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: Ledn: 2% origination waived US/Canada. Monthly interest payments required. Arch: Proactive pre-threshold alerts before MC triggers. Partial liquidation sells minimum to restore 60% LTV, 2% liquidation fee.
The costs are nearly identical. Ledn totals $62,450 and Arch totals $62,500 on a $500,000 loan over 12 months. Other factors like custody model and liquidation terms may be more important in this case.
Ledn uses custodial (segregated). Arch uses custodial (anchorage, qualified custodian). Both platforms present similar custody risk profiles.
Ledn's minimum loan is $500. Arch's minimum is $5,000. Ledn is more accessible for smaller borrowers.
Ledn issues a margin call at 70% LTV (threshold-based, no fixed window) and liquidates at 80% LTV. Arch issues a margin call at 70% LTV with a 24-hour response window and liquidates at 80% LTV. Starting from a 50% LTV, Ledn provides a 30-point buffer before liquidation, while Arch provides a 30-point buffer.
It depends on your priorities. Ledn (9.99%–11.49% APR, custodial (segregated), min $500) is better for borrowers who value custodial (segregated) and need smaller loan access. Arch (8.49%–11% APR, custodial (anchorage, qualified custodian), min $5,000) is better for borrowers who value custodial (anchorage, qualified custodian) and need smaller loan access. Use the rate table and cost comparison above to model your specific scenario.
Already borrowing with Arch? See your interest savings, terms head-to-head, and counterparty risk on your own numbers.
Open Compare LendersLygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.