Lantern vs Strike
Compare Strike 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.
Bitcoin-only loans; pricing varies by loan size and payment option.
*Public calculator: 10.5% APR for $10K–$15K BTC loans over 12 months, with monthly payments at 50% LTV and no origination fee. Rates vary by loan size and payment option; other products have separate terms.
Why borrowers choose Lantern over Strike.
- 13 collateral assets vs BTC onlyStrike is Bitcoin-only. Lantern supports BTC plus XRP, ETH, SOL, LTC, DOGE, and seven more assets.
- Collateral stays in BitGo insured cold storageStrike may hold collateral itself or transfer it to capital providers. Lantern collateral stays with BitGo and is insured up to $250M.
- Full-service support and lower minimumsLantern offers phone, text, and 1:1 video support, plus integrated trading and custody once your loan closes.
Rates and APR
BTC-backed loans of $10,000–$15,000 over 12 months. Payment options are noted 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.
Strike: *Public calculator: 10.5% APR for $10K–$15K BTC loans over 12 months, with monthly payments at 50% LTV and no origination fee. Rates vary by loan size and payment option; other products have separate terms.
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.
Strike 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.
Supported assets
The coins you can post as collateral.
Borrow against the coin you actually hold, without first swapping into a different collateral asset.
Strike accepts BTC.
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.
Standard loans: 72 hours after a margin call, or earlier liquidation if LTV reaches 85%. Volatility-proof loans have separate rules.
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.
Strike publishes no liquidation fee. On standard loans, collateral can be sold after the cure window or sooner if LTV reaches 85%.
Custody model
Who actually holds your collateral, and how.
Strike holds collateral or transfers it to capital providers, with no further rehypothecation.
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Rate / APR | From 10% APR 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. | 10.5% APR* *Public calculator: 10.5% APR for $10K–$15K BTC loans over 12 months, with monthly payments at 50% LTV and no origination fee. Rates vary by loan size and payment option; other products have separate terms. |
| Max LTV | Up to 50% | Up to 50% |
| Margin call threshold | 65% LTV | 70% LTV |
| Liquidation threshold | 75% LTV | 85% LTV |
| Supported assets | 13 | 1 |
| Support channels | Email, Phone & text, 1:1 Video | Email, Phone callbacks (eligible US users) |
| 1:1 video support | Yes | Not publicly listed |
| Grace period | 72 hours | 72 hours Standard loans: 72 hours after a margin call, or earlier liquidation if LTV reaches 85%. Volatility-proof loans have separate rules. |
| Liquidation penalty | None | None Strike publishes no liquidation fee. On standard loans, collateral can be sold after the cure window or sooner if LTV reaches 85%. |
| Custody model | Insured cold storage | Strike or capital providers |
| Insurance coverage | Up to $250M (BitGo Trust) | Not disclosed |
| Minimum loan | From $1,000; state minimums apply | From $10,000 personal / $5,000 business; varies by state |
| Headquartered | Las Vegas, NV | Chicago, IL |
| Regulatory status | US-incorporated, Las Vegas, NV | US-incorporated (Illinois) |
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.
US crypto credit lines; pricing depends on NEXO token holdings.