Security Best Practices for Trading & Custody

As Lantern expands into trading and custody, account security becomes even more important.

If someone gains access to your Lantern account, they may be able to view sensitive account information, attempt cash deposits or withdrawals, initiate crypto withdrawals, or take other actions that could put your assets at risk. Crypto transactions can be difficult or impossible to reverse, so strong security habits matter before anything goes wrong.

Lantern takes platform security seriously, but you should not rely on Lantern alone to protect your account. Your login, email, device, and authentication method are all part of your security setup. Ultimately, it is your responsibility to protect access to your account.

The strongest security feature available in Lantern today is two-factor authentication, or 2FA.

If you have not already enabled 2FA, we strongly recommend doing so before using Lantern’s trading and custody product. You can follow our 2FA setup guide here: https://lantern.finance/blog/two-factor-authentication-now-available

Once enabled, Lantern may ask for your 2FA code when you perform higher-risk actions, including:

• Making a cash deposit

• Requesting a cash withdrawal

• Requesting a crypto withdrawal

When prompted, open your authenticator app, enter the current code, and confirm the action only if the details look correct. Before approving any transfer or withdrawal, always double-check the amount, asset, destination address, bank account, and any fees or terms shown on screen.

• A few basic security practices we recommend:

• Use a strong, unique password for Lantern

• Enable 2FA on both Lantern and your email account

• Do not reuse passwords across crypto, banking, or email accounts

• Never share your 2FA codes with anyone

• Watch out for phishing emails, fake support messages, or links asking you to log in

• Always navigate to Lantern directly instead of clicking suspicious links

• Keep your phone, laptop, and authenticator app secure

2FA is not a guarantee against every type of attack, but it is one of the most effective ways to reduce the risk of unauthorized access.

If you plan to trade, hold assets, deposit cash, withdraw cash, or withdraw crypto through Lantern, enable 2FA first.