{"id":2995,"date":"2020-07-30T09:59:43","date_gmt":"2020-07-30T14:59:43","guid":{"rendered":"https:\/\/bitcoin.tax\/podcasts\/?page_id=2995"},"modified":"2024-08-08T14:05:04","modified_gmt":"2024-08-08T22:05:04","slug":"bitcoin-and-crypto-loans","status":"publish","type":"post","link":"https:\/\/bitcoin.tax\/podcasts\/bitcoin-and-crypto-loans\/","title":{"rendered":"Bitcoin and Crypto Loans"},"content":{"rendered":"<audio class=\"wp-audio-shortcode\" id=\"audio-2995-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3?_=1\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3<\/a><\/audio><div class=\"podcast_meta\"><aside><p><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/2995\/bitcoin-and-crypto-loans.mp3?ref=download\" title=\"Bitcoin and Crypto Loans \" class=\"podcast-meta-download\">Download file<\/a> | <span class=\"podcast-meta-duration\">Duration: 32:35<\/span> | <span class=\"podcast-meta-date\">Recorded on July 30, 2020<\/span><\/p><\/aside><\/div>\n<p>Adam Reeds, CEO and Co-Founder of the Canadian-based cryptocurrency loan and savings platform Ledn joins the show to discuss bitcoin-backed loans and savings accounts. Adam shares the tax-related benefits of taking out a bitcoin-backed loan and discusses other use-cases for crypto and bitcoin loans and savings accounts.<\/p>\n<h4>Guest<\/h4>\n<p><em>Adam Reeds<\/em><\/p>\n<p>Twitter: <a href=\"https:\/\/twitter.com\/adamreeds\" target=\"_blank\" rel=\"noopener noreferrer\">@adamreeds<\/a><\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/adam-reeds-ledn\/\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a><\/p>\n<p><a href=\"https:\/\/www.ledn.io\/\" target=\"_blank\" rel=\"noopener\">Ledn Website<\/a><\/p>\n<h3>Listen<\/h3>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-bitcointaxes-podcast\/id1472061044\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2211 alignnone size-full\" src=\"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2020\/04\/US_UK_Apple_Podcasts_Listen_Badge_CMYK-1.png\" alt=\"\" width=\"166\" height=\"40\" \/><\/a><\/p>\n<h3>Episode Highlights &amp; More Information<\/h3>\n<h4><strong>Bitcoin Collateral Loans and Cryptocurrency Savings Accounts (06:46)<\/strong><\/h4>\n<p><span style=\"color: #a67333;\"><strong>Adam:\u00a0<\/strong><\/span>We offer lending and savings products &#8211; really everything is on the mission to help more people save in Bitcoin and digital assets. We have a <a href=\"https:\/\/ledn.io\/loans-product\" target=\"_blank\" rel=\"noopener\">loan product wherever you can put up Bitcoin as collateral<\/a> and access a US dollar (USD) loan available to be dispersed in USD to your bank account, or in stablecoins to an address of your choosing. We also have a product called <a href=\"https:\/\/ledn.io\/b2x\" target=\"_blank\" rel=\"noopener\">Buy 2X or B2X<\/a> for short \u2013 that is a loan to purchase additional Bitcoin. On the saving side, we have <a href=\"https:\/\/ledn.io\/btc-savings\" target=\"_blank\" rel=\"noopener\">a Bitcoin savings account that currently pays 6.5% APY, and we have a USDC savings account that pays 10% APY<\/a>.<\/p>\n<h4><strong>Tax Advantages of Bitcoin Loans (09:45)<\/strong><\/h4>\n<p><span style=\"color: #a67333;\"><strong>Adam:\u00a0<\/strong><\/span>It&#8217;s tax deferral. If you have large capital gains built up in BTC and you have a lower adjusted cost basis by taking a loan&#8230;you can borrow against the value of that asset, perhaps invest it other assets that you have a strong conviction in, and then when the timing is right, repay that loan and then sell the Bitcoin at a later date.<\/p>\n<h4><strong>Simplifying Crypto Borrowing and Lending (15:07)<\/strong><\/h4>\n<p><span style=\"color: #a67333;\"><strong>Adam:\u00a0<\/strong><\/span>It&#8217;s really just a simplifying that decision making process: You own Bitcoin. Did you want more of it? That&#8217;s B2X. Do you want to take out dollars because you have an expense or investment that you want to cover? That&#8217;s our borrow product. Do you want to just simply save [BTC] and earn an interest rate? That&#8217;s our save product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adam Reeds, CEO and Co-Founder of the Canadian-based cryptocurrency loan and savings platform Ledn joins the show to discuss bitcoin-backed loans and savings accounts. Adam shares the tax-related benefits of taking out a bitcoin-backed loan and discusses other use-cases for crypto and bitcoin loans and savings accounts. Guest Adam Reeds Twitter: @adamreeds LinkedIn Ledn Website [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"https:\/\/dyk972he7tjqu.cloudfront.net\/bitcoin-and-crypto-loans.mp3","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"32:35","filesize":"44.75M","filesize_raw":"46923114","date_recorded":"2020-07-30 09:59:43","explicit":"","block":"","footnotes":""},"categories":[1],"tags":[],"series":[15],"class_list":["post-2995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","series-the-bitcointaxes-podcast"],"episode_featured_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2020\/07\/Twit-BitcoinTaxes-6.png","episode_player_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2024\/08\/bitcointaxespodcastimage-150x150-1.jpg","download_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/2995\/bitcoin-and-crypto-loans.mp3","player_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3","audio_player":"<audio class=\"wp-audio-shortcode\" id=\"audio-2995-2\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3?_=2\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/2995\/bitcoin-and-crypto-loans.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"rss":{"key":"rss","url":"","label":"RSS","class":"rss","icon":"rss.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"}},"rssFeedUrl":"https:\/\/bitcoin.tax\/podcasts\/feed\/podcast\/the-bitcointaxes-podcast","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"SOQv6fpBtK\"><a href=\"https:\/\/bitcoin.tax\/podcasts\/bitcoin-and-crypto-loans\/\">Bitcoin and Crypto Loans<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/bitcoin.tax\/podcasts\/bitcoin-and-crypto-loans\/embed\/#?secret=SOQv6fpBtK\" width=\"500\" height=\"350\" title=\"&#8220;Bitcoin and Crypto Loans&#8221; &#8212; BitcoinTaxes Podcasts\" data-secret=\"SOQv6fpBtK\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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