Lantern vs Nexo
Compare Nexo with Lantern’s collateral options, insured custody and support when markets move.
Crypto-backed loans for the long haul.
BTC: 8% interest plus a 2% upfront fee gives a 10% APR for a 12-month loan. No loan-size pricing tiers; volume discounts are available for larger loans. Asset and state eligibility apply.
US crypto credit lines; pricing depends on NEXO token holdings.
US BTC borrowing with no NEXO tokens: 15.9% annual interest, compounded daily, not an all-in APR. Lower rates require qualifying NEXO holdings; low-cost rates also require LTV below 20%. Repayments within 45 days incur additional interest for the remaining days. Promotions excluded; eligibility and terms vary.
Why borrowers choose Lantern over Nexo.
- Standard pricing without a platform tokenLantern starts at 8% annual interest plus a 2% upfront fee without requiring a platform token. Nexo’s US rate without qualifying NEXO holdings is 15.9% annual interest.
- 72 hours to respond, with no liquidation penaltyNexo sells collateral automatically at its threshold and charges 2%–3.5% plus a spread. Lantern provides a 72-hour margin-call window and charges no liquidation penalty.
- US-based company and supportLantern is US-incorporated with US-based phone, text, and video support. Nexo availability, custody and terms vary by region.
Rates and APR
BTC borrowing at 50% LTV without platform-token discounts. Annual interest is shown; fees and terms are detailed below.
Lantern: BTC: 8% interest plus a 2% upfront fee gives a 10% APR for a 12-month loan. No loan-size pricing tiers; volume discounts are available for larger loans. Asset and state eligibility apply.
Nexo: US BTC borrowing with no NEXO tokens: 15.9% annual interest, compounded daily, not an all-in APR. Lower rates require qualifying NEXO holdings; low-cost rates also require LTV below 20%. Repayments within 45 days incur additional interest for the remaining days. Promotions excluded; eligibility and terms vary.
Rates reflect the loan size and payment option noted above. Compare quotes for the same collateral, term and eligibility.
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
Borrow up to half your collateral’s value for BTC, ETH and SOL. Other supported assets have lower starting LTV limits.
US Credit Line: BTC and ETH qualify for up to 50% LTV. Other assets have separate limits.
Consistency matters. Lantern applies the same 65% margin call and 75% liquidation thresholds across all 13 supported assets, no variation by coin.
Supported assets
The coins you can post as collateral.
Borrow against the coin you actually hold, without first swapping into a different collateral asset.
Confirmed assets include BTC, ETH, NEXO, USDT, USDC. Full list not independently verified.
Customer support
Published channels for reaching a support team.
Call or text a real person on our customer support team.
Grace period
Time you have to top up before a liquidation event.
Three full days to top up or pay down before any liquidation begins. Markets move; we don't think you should be punished for being away from your phone.
For BTC and ETH collateral, Nexo starts selling crypto automatically at 83.33% LTV. Margin-call emails are informational only; there is no guaranteed time window before liquidation.
Liquidation penalty
What it costs you if the market moves against your position.
If we have to liquidate, we sell exactly the amount needed to bring your loan back to a safe LTV. No 2% fee. No 5% fee. No surprise line items.
Nexo’s US fee schedule charges 2%–3.5% for crypto liquidations, plus an exchange spread. The rate depends on volatility, market conditions and liquidity.
View Nexo’s liquidation fee scheduleShaded range: 2%–3.5%. Exchange spread is additional.
Custody model
Who actually holds your collateral, and how.
The US platform uses service-provider custody, including Bakkt. Loan-specific custody and segregation depend on the applicable product agreement.
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Rate / APR | From 8% annual interest BTC: 8% interest plus a 2% upfront fee gives a 10% APR for a 12-month loan. No loan-size pricing tiers; volume discounts are available for larger loans. Asset and state eligibility apply. | 15.9% annual interest US BTC borrowing with no NEXO tokens: 15.9% annual interest, compounded daily, not an all-in APR. Lower rates require qualifying NEXO holdings; low-cost rates also require LTV below 20%. Repayments within 45 days incur additional interest for the remaining days. Promotions excluded; eligibility and terms vary. |
| Max LTV | Up to 50% | US Credit Line: BTC and ETH qualify for up to 50% LTV. Other assets have separate limits. |
| Margin call threshold | 65% LTV | 71.4% LTV (first alert) |
| Liquidation threshold | 75% LTV | 83.33% LTV (crypto only) |
| Supported assets | 13 | 30+ |
| Support channels | Email, Phone & text, 1:1 Video | Email, AI chat |
| 1:1 video support | Yes | Not publicly listed |
| Grace period | 72 hours | No grace period For BTC and ETH collateral, Nexo starts selling crypto automatically at 83.33% LTV. Margin-call emails are informational only; there is no guaranteed time window before liquidation. |
| Liquidation penalty | None | 2%–3.5% plus exchange spread Nexo’s US fee schedule charges 2%–3.5% for crypto liquidations, plus an exchange spread. The rate depends on volatility, market conditions and liquidity. |
| Custody model | Insured cold storage | Service-provider custody |
| Insurance coverage | Up to $250M (BitGo Trust) | Loan-specific coverage not disclosed |
| Minimum loan | From $1,000; state minimums apply | From $50; region and payout dependent |
| Headquartered | Las Vegas, NV | Nexo group: Zug, Switzerland |
| Regulatory status | US-incorporated, Las Vegas, NV | US platform: Nexo US, LLC; product-specific providers and terms |
Public sources reviewed September 2026. Terms vary by asset, loan size, payment option and jurisdiction. Unverified details are marked; confirm your individual quote before borrowing.
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Lantern vs everyone else
BTC, ETH and SOL loans via Anchorage; separate XRP terms.
Variable-rate USDC loans using Morpho smart contracts on Base.
Automatic liquidation with no fixed grace period; collateral ownership transfers under its terms.
BTC, ETH and SOL loans; rates and margin-call rules depend on starting LTV.
Bitcoin-only loans with size-based pricing and restricted collateral re-posting.
Bitcoin-only loans; pricing varies by loan size and payment option.