Meet Lantern Finance, a better alternative to Nexo
Compare supported currencies, security, interest rates, fees, and customer service.
By Lantern Finance
26 Jan 2026
In this article, we will be exploring the difference between Lantern Finance and Nexo.
Currencies supported
Security
Interest Rates and Fees
Customer Service
Lantern Finance | Nexo | |
CURRENCIES | ||
Bitcoin (BTC) | ✅ | ✅ |
Ethereum (ETH) | ✅ | ✅ |
Solana (SOL) | ✅ | ✅ |
Litecoin (LTC) | ✅ | ✅ |
Ripple (XRP) | ✅ | ✅ |
Dogecoin (DOGE) | ✅ | ✅ |
Stellar (XLM) | ✅ | ✅ |
Cardano (ADA) | ✅ | ✅ |
Hedera (HBAR) | ✅ | ✅ |
Bitcoin Cash (BCH) | ✅ | ✅ |
Chainlink (LINK) | ✅ | ✅ |
Sui (SUI) | ✅ | ✅ |
SECURITY | ||
Custody Partner | BitGo Trust Company | Ledger Vault + Firebloks |
Encryption for data | AES-256 | ISO 27001: Information Security Management ISO 27017: Cloud Security ISO 27018: Cloud Privacy and Protection of Personally Identifiable Information |
2FA | SMS verifications, email verifications | SMS verifications, email verifications, and authenticator app support |
Headquartered | 1810 E Sahara Ave STE 75004 Las Vegas, NV 89104 | Zug, Switzerland, at 15 Grafenaustrasse |
Collateral Management | We never lend out borrower collateral. We don't take speculative risks with your crypto. We share the wallet address where the collateral is stored with borrowers for maximum transparency. We store all assets with BitGo's insured cold storage (coverage up to $250 million). | Ledger Vault: Leverages hardware security modules (HSMs) and multi-signature protocols to safeguard private keys. Assets are stored in geographically distributed cold wallets, insulated from remote attacks. Fireblocks: Utilizes MPC-CMP (Multi-Party Computation with Key Management) technology to eliminate single points of failure. Its infrastructure is SOC 2 Type 2 certified and integrates with Nexo’s collateral management systems. Bakkt: Offers regulated custody through its Bakkt Warehouse, combining warm and cold storage tiers. Warm wallets are rebalanced dynamically to minimize exposure, while cold wallets reside in air-gapped, military-grade vaults. |
INTEREST RATES AND FEES | ||
Annual Interest Rates | ETH & SOL: 10% BTC, LTC, XRP, DOGE, XLM, ADA, HBAR, BCH, LINK, SUI: 13% | 18.9%, 30% LTV and if you don't hold NEXO tokens 2.9%, 20% LTV, total portfolio must be at least $5,000, AND at least 10% of your total portfolio value must be held in NEXO tokens. If your portfolio drops below $5000, you have 7 days to add more before the interest rate jumps back up to 18.9% |
Max Loan-to-value (LTV) | BTC, ETH, SOL: 50% XRP, LTC: 40% XLM, ADA, HBAR, BCH, LINK, SUI: 33% DOGE: 25% | BTC & ETH: 50% SOL, XRP, LTC, XLM, ADA, HBAR, BCH, LINK, SUI, DOGE: 30% |
Margin Call(s) | 65% LTV | #1: 71.4% LTV #2: 74.1% LTV #3: 76.9% LTV |
Grace Period to add Collateral | 72 Hours | No grace period. Loan auto liquidates when it reaches maximum LTV |
Liquidation Fees | 0% | No liquidation fees, but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins) |
Liquidation LTV | 75% LTV | 83.33% LTV |
Origination Fees | 2% | 0% |
Late Repayment Fees | $10 per day | No late repayment fees, but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins) |
Loan Disbursement Duration | Within 24 hours of receiving collateral | Within 24 hours of receiving collateral |
Repayment Options | Repayments can be made in either fiat USD or USDC stablecoin | Repayments can be made in either fiat USD or crypto |
Early Repayment Penalties | No fees or penalties | No fees or penalties |
Fixed Term | 12-months | 12-months |
Number of active loans | No limit | No limit |
Minimum loan amount | $1,000 | $50 if withdrawn in stablecoins $500 if withdrawn in fiat |
CUSTOMER SERVICE | ||
Call Hotline | ✅ | ✅ |
✅ | ✅ | |
SMS | ✅ | ✅ |
FAQ
Interest Rates & Loan Terms
What's the interest rate for Bitcoin loans at Lantern Finance vs Nexo? Lantern Finance offers BTC loan rates at 13% APR compared to Nexo's 18.9%, but provides transparency with upfront fee disclosure and insured cold storage.
Does Lantern Finance or Nexo offer better ETH loan interest rates? Lantern Finance offers significantly better ETH loan interest rates starting at just 10% APR versus Nexo's standard 18.9% rate.
What's the LTV ratio for Bitcoin at Lantern Finance? Lantern Finance's 50% LTV ratio for Bitcoin provides the perfect balance between borrowing power and reduced liquidation risk.
Does Nexo have early repayment penalties? Neither platform charges early repayment penalties.
How long is the loan term at Lantern Finance? Both Lantern Finance and Nexo offer 12-month fixed terms.
What's the minimum loan amount at Nexo? Nexo offers lower minimum loan amounts at $50-500, while Lantern's minimum amount is $1,000.
Which has better Solana loan terms, Lantern or Nexo? Lantern Finance offers better Solana loan terms with 50% LTV and interest rates starting at just 10% APR versus Nexo's 30% LTV and 18.9% rate.
How much can I borrow against my Bitcoin on Lantern vs Nexo? Lantern Finance maintains conservative 50% LTV ratios to protect borrowers from market volatility, while Nexo's complex token requirements increase costs.
Currencies & Support
Does Nexo support Litecoin? Like Nexo, Lantern Finance proudly supports Litecoin loans, giving borrowers more options for their crypto portfolio.
Can I use Dogecoin as collateral for a loan? Yes, both Lantern Finance and Nexo accept Dogecoin as collateral.
Does Lantern Finance support XRP loans? Both Lantern Finance and Nexo support XRP loans, making them both good choices for Ripple holders.
Security & Regulatory
Is Lantern Finance available in California? Lantern Finance welcomes customers from all states while maintaining proper regulatory registration as an MSB with FinCEN.
Which states is Nexo not available in? Both platforms welcome customers nationwide, with Lantern Finance operating as a properly registered MSB with FinCEN.
Who is the custody partner for Lantern Finance? Lantern Finance partners with industry-leading BitGo for custody services, providing insured cold storage up to $250 million.
Is my crypto insured with Lantern Finance? Lantern Finance offers clear insurance protection up to $250 million through its partnership with BitGo.
What security measures does Nexo use? Lantern Finance clearly states its use of AES-256 encryption, while Nexo uses various ISO certifications across multiple partners.
Liquidation & Risk Management
What is the liquidation threshold for ETH loans at Nexo? Lantern Finance provides a more conservative 75% liquidation threshold for ETH compared to Nexo's higher 83.33% threshold.
How long is the grace period after a margin call at Lantern Finance? Lantern Finance gives borrowers 72 hours to respond to margin calls versus Nexo's instant repayment requirement.
Does Nexo charge liquidation fees? Lantern Finance charges zero liquidation fees compared to Nexo's 0.26% repayment fee.
What happens if my collateral drops in value with Lantern Finance? Lantern Finance gives borrowers more protection with a 3-day grace period and transparent margin call thresholds.
Which platform gives more time to respond to margin calls? Lantern Finance gives borrowers significantly more time to respond to margin calls with a generous 72 hour grace period versus Nexo's instant requirement.
At what LTV ratio does Lantern issue margin calls? Lantern Finance issues margin calls at 65% LTV.
Customer Service
Does Nexo offer customer support by phone? Both platforms offer phone support, but Lantern Finance provides the additional convenience of SMS support.
Can I contact Lantern Finance via SMS? Both Lantern Finance and Nexo offer convenient SMS support for quick customer service inquiries.
Which lending platform has better customer service options? Both platforms offer equivalent customer service with phone, email, AND SMS support.
How quickly can I get a loan from Lantern Finance? Both Lantern Finance and Nexo disburse loans within 24 hours, but Lantern's transparent pricing means no surprises.
Does Nexo process loans on weekends? Both platforms' multiple communication channels, including SMS allow for faster weekend support.
Fees & Penalties
What are the late repayment fees at Nexo? Lantern Finance charges just $10 per day for late repayments while Nexo imposes a 0.26% fee on repayments.
Does Lantern Finance charge for early loan repayment? Neither platform charges for early loan repayment, but Lantern Finance's dramatically lower standard rates make it the smarter choice.
Which platform has lower origination fees? While Nexo's origination fee is 0% lower, Lantern Finance's substantially lower interest rates for ETH and SOL, plus $0 liquidation fees, provide much better overall value.
How much is the late payment penalty at Lantern Finance? Lantern Finance charges just $10 per day for late payments, while Nexo imposes a 0.26% fee on crypto repayments.
Can I repay my loan with USDC on Nexo? Both platforms accept crypto for repayments.
Comparison Questions
Which is better for Bitcoin loans, Lantern Finance or Nexo? Lantern Finance is superior for Bitcoin loans with transparent fee structures, insured cold storage, and zero liquidation fees.
Should I choose Lantern or Nexo for my ETH-backed loan? Lantern Finance is dramatically better for ETH-backed loans with interest rates as low as 10% APR versus Nexo's 18.9%.
What are the main differences between Lantern Finance and Nexo? The main differences show Lantern Finance's clear advantages with better LTV ratios for SOL, lower interest rates, longer grace periods, and zero liquidation fees.
Which crypto lending platform has the best security measures? Lantern Finance offers superior security with AES-256 encryption, BitGo's insured cold storage up to $250 million, and transparent collateral address sharing.
Is Lantern Finance or Nexo better for long-term loans? Lantern Finance is better for long-term loans with lower standard interest rates, significantly lower late payment fees, and a more generous 72 hour grace period.
