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Lantern Finance Reviews 

233
•
TrustScore 5 out of 5

4.9

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Review summary

Created with AI, based on recent reviews

Evaluating 175 reviews, reviewers overwhelmingly had a great experience with this company. Customers frequently praise the remarkably fast loan approval process and the supportive staff who provide clear guidance throughout onboarding. Many consumers note that funds are deposited swiftly into their personal bank accounts, making borrowing against digital assets exceptionally seamless. People also appreciate the professional communication and how easy the platform interface is to navigate. Some people were dissatisfied with payment options and experienced minor setup difficulties regarding their accounts. Reviewers additionally mentioned longer waiting periods for bank transfers or occasional confusion regarding setting up automatic payments.

What people talk about most

User experience

Customers had positive experiences with user experience, highlighting that the platform is fast, seamless,... See more

Service

Customers consistently note positive experiences with service, highlighting exceptional satisfaction and... See more

Customer service

People report positive experiences with customer service, noting that staff members are readily accessible,... See more

Staff

Reviewers mention positive feedback about staff, consistently describing team members as responsive,... See more

Payment

Reviewers highlight positive aspects of payment, noting that funds are deposited quickly into bank accounts... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Great experience, first time visit and loan. My transfered in collateral crypto was confirmed receiced in about 1 minute. Loan approval given once collateral was activated. 11% is a great rate imo, w... See more

Company replied

Rated 5 out of 5 stars

Love the ease of the loan process! There is plenty of information regarding the loan process on the site, but, only limited in youtube thus far. The loan process was easy, setting up the bank account... See more

Company replied

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


Company details

  1. Cryptocurrency Service
  2. also in
  3. 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

233 reviews

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Asks customers to review

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Replied to 100% of negative reviews

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4.9

All reviews

(233)

169 reviews in the last 12 months

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

Customer Service...on point

Customer Service...on point, genuinely wanted to assist to fix the issue, friendly, & fast. Platform is super easy to use and funding has been instant.

25 September 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Natasha! Your review means a lot to us!

Rated 5 out of 5 stars

Excellent service and communication

Excellent service and communication. The platform and transfer for collateral is seamless. I was very happy with how fast the funding was made available to my personal checking account . The sign up for loan along KYC was just as simple. Thus far, I am very impressed with Lantern services. I did consider obtaining a loan from an Exchange, however, Lantern Finance terms are very reasonable and LTV ratio with grace period offers security from liquidation.

27 September 2026
Unprompted review
Lantern Finance logo

Reply from Lantern Finance

Hey KT, great to see that you read up on our 72 hour grace period policy that protects against flash crashes! Thank you for the review, and welcome again to Lantern!

Rated 5 out of 5 stars

Excellent website and Service

Very impressed with both your site, and the ease in acquiring loans with my crypto tokens. Customer service is excellent! Thank you. JH

22 September 2026
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Reply from Lantern Finance

Hey JH, thank you for the kind words!

Rated 5 out of 5 stars

Excellent Experience from Start to Finish

I applied for a crypto loan over the weekend, and I was very impressed with how quickly and smoothly everything was handled. My loan was funded today, and the entire process was much easier than I expected.

The customer support was excellent and very responsive throughout the process. They answered my questions, kept me informed, and made the whole experience stress-free.

Overall, I had a great experience with Lantern Finance. The application process was straightforward, the funding was fast, and the support was outstanding. I would definitely recommend Lantern Finance to anyone looking for a crypto-backed loan.

28 September 2026
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Reply from Lantern Finance

Hey Lawrence, thank you so much for the thoughtful review. Really happy to see that you had a great experience with us. Welcome again to Lantern!

Rated 5 out of 5 stars

Lantern Finance - Crypto Loans . Use Crypto as collateral

I have initiated multiple loans on Lantern Finance and the experience has been excellent. The user interface on the platform is very comprehensive, all information about the amount of crypto collateral required for the dollar loan amount, interest charged (very reasonable), is clearly shown; and the interface also shows you the realtime status of your loan LTV, once you submit your collateral and receive your loan. The actual loan is approved and the loan proceeds are released very quickly, in minutes. Finally, Lantern Finance has 5 star customer service, a real, live person will take your call, or return your call in short order, and answer your questions.

24 September 2026
Unprompted review
Lantern Finance logo

Reply from Lantern Finance

Hey Jay, thank you for this valuable review. It means a lot to us. Very happy to see that you had a great experience with us!

Rated 4 out of 5 stars

It was a smooth seamless experience .my…

It was a smooth seamless experience .my only gripe was the LTV could be better

17 September 2026
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Reply from Lantern Finance

Thanks for the review Dan, great to hear the loan application process was easy. Do you mind clarifying what you mean by better LTV? Feel free to call us at 415-365-0100 or email at support@lantern.finance to share your feedback.

Rated 5 out of 5 stars

I had a question during the application…

I had a question during the application so I called customer assistance and a real person answered the phone and was able to help me quick and efficient!!

15 September 2026
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Reply from Lantern Finance

Thanks for the review Sean! We pride ourselves on our customer support, so very glad to hear we were helpful!

Rated 5 out of 5 stars

First of all

First of all, the whole process is easy and all you have to do is make a phone call for any questions to vet out any concerns.

24 September 2026
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Reply from Lantern Finance

Thanks Keith! Glad we can help.

Rated 5 out of 5 stars

The process was very simple

The process was very simple. I am 60+ years young the whole process took about 15 -20 minutes for me. Thank you team Lantern

14 September 2026
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Reply from Lantern Finance

Your review means a lot - thanks Russell!

Rated 5 out of 5 stars

I love this concept

This was a very quick and easy process. All of the loan parameters were clearly shown with transparency.

21 September 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks for the review Rich!

Rated 5 out of 5 stars

Safe and secure

Multi-factored security in place. Fast deposits, withdrawal and payouts.

20 September 2026
Lantern Finance logo

Reply from Lantern Finance

Great to hear you're happy with your Lantern experience!

Rated 5 out of 5 stars

USER FRIENDLY!

USER FRIENDLY! Your collateral is in BitGo. It is the gold standard for institutional custody. Fully insured against all losses.

16 September 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Jim!

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