The Milk Road Show

Turn Bitcoin into Cash (Without Ever Selling It)

30 snips
Apr 21, 2025
Adam Reeds, CEO of Ledn and a pioneer in Bitcoin lending, shares his insights on accessing financial benefits from Bitcoin without selling. He discusses the distinction between centralized finance (CeFi) and decentralized finance (DeFi), and why CeFi remains important. Reeds also examines Bitcoin's evolving role as a potential safe haven and the challenges of using Bitcoin as collateral for loans. He emphasizes the educational needs in the Bitcoin lending space and highlights innovative solutions to manage Bitcoin while maintaining ownership.
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INSIGHT

Origin of Ledin's Bitcoin Loans

  • Ledin was founded to help miners keep holding Bitcoin while covering expenses through loans backed by Bitcoin collateral.
  • This solves timing issues miners face when they must sell at inopportune moments to cover costs like electricity and rent.
INSIGHT

Balance and Security in Bitcoin Lending

  • To lend Bitcoin, lenders and borrowers need secure, fair terms balancing both parties' interests.
  • Custody and security of Bitcoin collateral is key, with models ranging from centralized to multi-sig and DeFi approaches.
ADVICE

How To Apply for Bitcoin Loan

  • To get a Bitcoin-backed loan from Ledin, sign up with KYC and 2FA for security.
  • Use the loan calculator to determine borrowing power, typically half of your Bitcoin’s value.
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