Block Earner vs. Ledn: What’s the Best Crypto-Backed Loan Option for Australian Crypto Holders?

As more Australians hold Bitcoin, Ethereum, and stablecoins as part of their long-term portfolios, a common question arises:

Crypto-backed loans are a smart way to unlock liquidity while maintaining exposure to potential upside. Two platforms that offer this service are Block Earner, an AUSTRAC-registered fintech based in Sydney, and Ledn, a global player headquartered in Canada.

In this blog, we’ll break down how Block Earner compares to Ledn across the areas that matter most to Australian users—so you can choose the right lending partner for your needs.

When borrowing against your crypto, local support matters—especially when timing is critical.

That means:

In contrast, Ledn operates on a global model with USD and USDC as the core loan currencies. While this might work for some, it's far less protected and convenient when you live in Australia and need cash in AUD.

One of the biggest advantages of using Block Earner over Ledn is the flexibility in loan structure. While Ledn only offers 12 month fixed-term loans, Block Earner gives you two powerful options:

Block Earner offers:

These flexible options let you choose what fits your financial situation best — whether you want on-demand capital for a short-term opportunity, or a long-term loan with locked-in certainty.

By contrast, Ledn offers only one type of loan: a fixed term, often requiring full repayment in 12 months and denominated in USDC. Limited security options with just BTC & ETH.

Not all loans are created equal. Block Earner gives you more flexibility with how you borrow and repay — in a way that suits the realities of Aussie life.

Let’s say you need to:

You’ll want cash — not USDC. Block Earner deposits Australian dollars directly to your bank account. Better still, you can repay your loan in AUD without worrying about crypto conversion fees or timing the market.

With Ledn, you’re repaying a USD loan, adding complexity for everyday use.

Your crypto is a hard-earned asset — you deserve full transparency and control. With Block Earner, your crypto is held in Fireblocks, a certified digital asset security provider (ISO and SOC 2). Ownership stays in your name. Security includes wallet address whitelisting and multi-signature protection. That’s a big deal if the safety of your assets matters to you. Block Earner gives you peace of mind with an easy to use mobile and desktop app. You can track your Loan-to-Value Ratio (LVR) in real-time on-the-go and rest easy knowing you can close and repay your loan at any time.

Ledn’s model features an option to lend your crypto out to generate returns—creating a risk profile some investors may not be comfortable with, especially during volatile markets. When borrowing against your crypto, compliance and custodial standards aren’t optional — they’re essential.

Block Earner focuses on speed and simplicity. Apply in the morning and receive AUD in your Bank account within 24 hours — no friction. The entire experience is mobile-enabled, with a user-friendly app that lets you track, manage, and repay your loan from anywhere.

Ledn requires more manual steps, lacks a mobile app, and generally takes longer to settle funds — not ideal when timing matters.

Need funds today? Block Earner offers same-day loan approval and AUD cash transfer to your bank account—without needing to sell your crypto. Plus, the app makes managing everything a breeze.

It’s quick and easy — just generate a deposit address in your Crypto Buy/Sell account, send from your external wallet or exchange, and you’re good to go.

Read the full guide on How to Transfer Crypto to Block Earner

*Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) authorised representative 551024 of Mortgage Direct Pty Limited ACN 075 721 434 Australian Credit Licence 391876.