Lantern vs Nexo
Nexo is a solid product. Lantern goes further on the things that bite when markets move.
Crypto-backed loans for the long haul.
Instant crypto credit lines from 2.9% APR on 13 assets.
Interest rates
What you'll actually pay over the life of the loan.
Starting APR for a 12-month loan at 25% LTV. Actual rate depends on jurisdiction, term, and creditworthiness.
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
A conservative LTV keeps you well clear of margin calls in normal volatility. Borrow up to half your collateral and keep the rest as runway.
Nexo matches the industry standard. Pay attention to the liquidation thresholds, not just the headline LTV.
Consistency matters. Lantern applies the same 65% margin call and 75% liquidation thresholds across all 13 supported assets, no variation by coin. Verify Nexo's per-asset thresholds carefully before borrowing.
Supported assets
The coins you can post as collateral.
Borrow against the coin you actually hold, without first swapping into 'qualified' collateral and paying the tax bill.
Nexo accepts BTC, ETH, SOL and more.
Customer support
How, and how fast, you can reach a real person.
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.
Nexo can begin liquidation immediately after a margin call; there is no contractual top-up window.
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 charges no additional liquidation penalty, matching Lantern on this criterion.
Custody model
Who actually holds your collateral, and how.
Ledger Vault (HSM + multi-sig cold wallets) and Fireblocks (MPC-CMP).
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Starting rate | From 8% APR | From 2.9% APR |
| Max LTV | Up to 50% | Up to 50% |
| Margin call threshold | 65% LTV | 71.4% LTV |
| Liquidation threshold | 75% LTV | 83.33% LTV |
| Supported assets | 13 | 13 |
| Support channels | Email, Phone & text, 1:1 Video | Email, Chat, Phone |
| 1:1 video support | Yes | No |
| Grace period | 72 hours | None |
| Liquidation penalty | None | None (0.26% repay fee) |
| Custody model | Insured cold storage | Ledger Vault + Fireblocks |
| Insurance coverage | Up to $250M (BitGo Trust) | Insurance via Ledger Vault and Fireblocks |
| Minimum loan | $1,000 | $50 (stablecoins) / $500 (fiat) |
| Headquartered | Las Vegas, NV | Zug, Switzerland |
| Regulatory status | US-incorporated, Las Vegas, NV | Switzerland-incorporated, EU-regulated |
Ready to switch?
Move from Nexo
to Lantern Finance
Lantern vs everyone else
Institutional BTC, ETH, XRP & SOL loans via Anchorage custody.
DeFi loans via Morpho on Base. Instant USDC disbursement.
Instant crypto loans on 300+ assets. No credit checks required.
Blockchain-powered lending. Up to 75% LTV, same-day approval.
Bitcoin-focused loans. Globally available, Cayman-incorporated.
BTC-backed loans. 72-hour grace period, 0% origination fee.