Compare · Updated September 2026

Lantern vs Nexo

Compare Nexo with Lantern’s collateral options, insured custody and support when markets move.

Switch to Lantern See the breakdown

Grace period: 72 hrs; Nexo: No grace period
Liquidation penalty: 0%; Nexo: 2–3.5% + spread
Supported assets: 16; Nexo: 30+
From annual interest: 8%; Nexo: 15.9%

Key points

Why borrowers choose Lantern over Nexo.

Grace period

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.

Liquidation penalty

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.

Supported assets

Borrow against the coin you actually hold, without first swapping into a different collateral asset.

Consistency matters.

Lantern applies the same 65% margin call and 75% liquidation thresholds across all 16 supported assets, no variation by coin.

The breakdown

Lantern vs Nexo, criterion by criterion.

Criterion 1 of 6
Rates and APR
BTC borrowing at 50% LTV without platform-token discounts. Annual interest is shown; fees and terms are detailed below.
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.
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.
Criterion 2 of 6
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
Nexo
US Credit Line: BTC and ETH qualify for up to 50% LTV. Other assets have separate limits.
Lantern
Borrow up to half your collateral’s value for BTC, ETH and SOL. Other supported assets have lower starting LTV limits.
Criterion 3 of 6
Supported assets
The coins you can post as collateral.
Nexo
Confirmed assets include BTC, ETH, NEXO, USDT, USDC. Full list not independently verified.
Lantern
Borrow against the coin you actually hold, without first swapping into a different collateral asset.
Criterion 4 of 6
Grace period
Time you have to top up before a liquidation event.
Nexo
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.
Lantern
Lantern wins
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.
Criterion 5 of 6
Liquidation penalty
What it costs you if the market moves against your position.
Nexo
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.
Lantern
Lantern wins
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.
Criterion 6 of 6
Custody model
Who actually holds your collateral, and how.
Nexo
The US platform uses service-provider custody, including Bakkt. Loan-specific custody and segregation depend on the applicable product agreement.
Lantern
BitGo cold storage with insurance. Bankruptcy-remote and segregated.

Full breakdown

Every metric, side by side

BTC borrowing at 50% LTV without platform-token discounts. Annual interest is shown; fees and terms are detailed below.

Term

Rate / APR: From 8% annual interestBTC: 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 interestUS 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: 16; 30+
Support channels: Email, Phone & text, 1:1 Video; Email, AI chat
1:1 video support: Yes; Not publicly listed
Grace period: Lantern leads:72 hours; No grace periodFor 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: Lantern leads:None; 2%–3.5% plus exchange spreadNexo’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: Lantern leads:Insured cold storage; Service-provider custody
Insurance coverage: Lantern leads: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: Lantern leads:Las Vegas, NV; Nexo group: Zug, Switzerland
Regulatory status: Lantern leads: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.