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Lantern Finance Reviews 

175
TrustScore 5 out of 5

4.9

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Review summary

Created with AI, based on recent reviews

Looking at 156 reviews, reviewers overwhelmingly had a great experience with this company. Customers frequently mention that creating an account, getting loan approval, and receiving funds in their bank accounts happens in a matter of minutes. Consumers consistently highlight the intuitive interface and the dedicated team members who patiently guide clients through every step of the borrowing process. However, some people mentioned facing occasional communication hurdles when trying to settle their accounts outside standard hours or encountering tricky payment options. Despite these few drawbacks, users appreciate the overall transparency and remain eager to continue utilizing the platform for future financial needs.

What people talk about most

Customer service

Reviewers mention positive feedback about customer service, highlighting that team members are responsive,... See more

User experience

Clients share positive opinions on user experience, highlighting how fast, seamless, and intuitive the... See more

Service

Users describe positive interactions with service, highlighting a smooth, fast, and reliable loan setup and... See more

Staff

Customers consistently note positive experiences with staff, highlighting responsive, knowledgeable, and... See more

Payment

Customers report positive experiences with payment, highlighting fast transaction speeds and simple deposit... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Lantern is the place to go for borrowing money using crypto as collateral. They are very professional, dependable, will always get back with you in a timely manner. They store your crypto in instituti... See more

Company replied

Rated 5 out of 5 stars

I was trying to setup a business account with many of the other popular exchanges / fintechs, but, ran into either an ungodly list of requirements and questions, or, they simply never got back with me... See more

Company replied

Rated 5 out of 5 stars

Amazing experience using Lantern. Super easy interface. Top tier customer service with Jeff who really took the time to explain the program. He is the reason that we ultimately decided to move fo... See more

Company replied

Rated 5 out of 5 stars

Trustworthy and responsive! I just paid off almost $80,000 in loans that I took out with Lantern, and received my collateral back in less than an hour. I did experience a few small glitches wi... See more

Company replied


Company details

  1. Cryptocurrency Service
  2. Financial Institution

Written by the company

Lantern Finance is a US-based lending platform that provides secure, reliable access to crypto-backed loans with dedicated customer support. Use your assets—like BTC, ETH, XRP, and more—as collateral to unlock liquidity without having to sell your crypto.


Contact info

4.9

Excellent

TrustScore 5 out of 5

175 reviews

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Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 100% of negative reviews

Typically replies within 1 week

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4.9

All reviews

(175)

151 reviews in the last 12 months

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Rated 5 out of 5 stars

Lantern Finance...Secure and Transparent

Borrowing against my crypto holdings with Lantern Finance was a seamless and secure experience. The platform’s intuitive interface made it incredibly easy to navigate the lending process, and I was impressed by how quickly I could access funds without compromising the safety of my assets.
What truly sets Lantern apart is their unwavering commitment to regulatory compliance. From transparent disclosures to robust KYC protocols, every step reflected their dedication to operating within legal frameworks and protecting both borrower and platform integrity. It’s reassuring to work with a team that prioritizes trust, accountability, and long-term sustainability in the crypto lending space.
I highly recommend Lantern Finance to anyone seeking a reliable and regulation-conscious way to leverage their digital assets.

30 October 2025
Lantern Finance logo

Reply from Lantern Finance

Thanks for the generous review Ronnie! Grateful to have you as a client.

Rated 5 out of 5 stars

SUPERIOR SERVICE!

I was skeptical at first. But this is really legit and helpful. Thank you for your easy process!

23 October 2025
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Reply from Lantern Finance

Thanks John!!

Rated 5 out of 5 stars

Highly recommended 👌

They returned my call right away, answered all my questions, and guided me through the whole online process in a polite, friend and courteous manner. I would highly recommend them. As far as critiques, hopefully in the near future they will be able to offer even better loans, with even better rates, and perhaps earn yield

27 October 2025
Rated 5 out of 5 stars

I wanted to give you a 5-star review

I wanted to give you a 5-star review. During the October 11 crypto crash, I was fortunate to stay safe because I’ve always believed that using collateral and leverage in crypto carries huge risk — prices can drop to just cents in seconds. I don’t like platforms that trigger instant liquidation, because when the market crashes sharply, it often rebounds quickly afterward.

Here’s what makes Lantern Finance different, Margin call notification and 72 hours to respond.

This flash crash proved why that matters. Even though some platforms offer better rates and higher LTVs, Lantern’s human-centered service shows true understanding of the market’s volatility and gives us valuable time and support.

17 October 2025
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Reply from Lantern Finance

Hey Xinya, really appreciate the review and the kind words. Black swan events like what happened on Oct. 11 are exactly the types of situations we want to protect our clients from. Glad we could help and grateful to have you as a valued client!

Rated 5 out of 5 stars

Lantern has proven to be an exceptional…

Lantern has proven to be an exceptional service when it comes to protecting the customer's collateral. Their policy of providing a 72-hour notification before liquidation is a game-changer, especially during volatile market conditions. This feature came in incredibly handy during the recent flash crash, giving me ample time to react and adjust my positions without the immediate threat of liquidation. The peace of mind this offers is invaluable, and I highly recommend Lantern to anyone looking for a reliable and customer-friendly trading platform.

16 October 2025
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Reply from Lantern Finance

Thanks Joyce! The very last thing we ever want to do is liquidate our clients' hard earned crypto. We know what crypto means to our clients. Great to hear that we're able to offer some peace of mind in this (relatively) turbulent industry!

Rated 5 out of 5 stars

Simple

Simple, clear instructions and interface. Still haven’t finished a loan term but can guess its easy too.

7 October 2025
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Reply from Lantern Finance

Thanks Khristopher! Here to help with anything at any time. Once your loan matures, you can easily refinance for another year or pay it and get your collateral back the same day!

Rated 5 out of 5 stars

Easy Process and Quick Funding

Lantern made the entire process quick and easy. Most importantly, I was able to connect face to face and have all my questions answered. I don't take lightly using my hard-earned collateral for a loan, but their safeguards, market experience, and response time gives me confidence in them. Very happy to access liquidity without selling my collateral.

14 October 2025
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Reply from Lantern Finance

Really appreciate this review Cory! Grateful to have you as our client.

Rated 5 out of 5 stars

Recent Crypto Flash Crash and Lantern…

Recent Crypto Flash Crash and Lantern did not liquidate my account or any account from this event.
Why would anyone take a loan against their crypto anywhere else. Lantern had my business today and tomorrow!! Trusted and i am very thankful!!

14 October 2025
Lantern Finance logo

Reply from Lantern Finance

Thank you Joe! Liquidating our clients is the absolute last thing we ever want to do. Thank you for being a valued client of ours!

Rated 5 out of 5 stars

helpful Helpful HELPFUL!!!

The Lantern people were super helpful and they walked me through things (very patient with me!)

It's helping me alot right now!

Daniel
Muskegon, MI

12 October 2025
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Reply from Lantern Finance

Thanks for the kind note Daniel!

Rated 5 out of 5 stars

Human and domestic customer service is…

Human and domestic customer service is greatly appreciated and easily reached. My 1st transaction with Lantern was clearly explained so I could easily upload my crypto at 1:40PM PST and I received a wire before the end of the day. Outstanding speed and support.

10 October 2025
Lantern Finance logo

Reply from Lantern Finance

Very much appreciate the review Kevin!

Rated 5 out of 5 stars

Outstanding customer service.

Jung was very patient, attentive, and provided outstanding customer service.

10 October 2025
Lantern Finance logo

Reply from Lantern Finance

Thank you! We do our best - great to hear you were happy with your experience!

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