Compare · Updated September 2026

Lantern vs Strike

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

Switch to Lantern See the breakdown

Grace period: 72 hrs; Strike: 72 hours
Liquidation penalty: 0%; Strike: None
Supported assets: 16; Strike: 1
From APR: 10%; Strike: 10.5%*

Key points

Why borrowers choose Lantern over Strike.

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 Strike, criterion by criterion.

Criterion 1 of 6
Rates and APR
BTC-backed loans of $10,000–$15,000 over 12 months. Payment options are noted below.
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.
Lantern
Lantern wins
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.
Strike
Strike matches the industry standard. Pay attention to the liquidation thresholds, not just the headline LTV.
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.
Strike
Strike accepts BTC.
Lantern
Lantern wins
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.
Strike
Standard loans: 72 hours after a margin call, or earlier liquidation if LTV reaches 85%. Volatility-proof loans have separate rules.
Lantern
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.
Strike
Strike publishes no liquidation fee. On standard loans, collateral can be sold after the cure window or sooner if LTV reaches 85%.
Lantern
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.
Strike
Strike holds collateral or transfers it to capital providers, who don't lend it on further.
Lantern
BitGo cold storage with insurance. Bankruptcy-remote and segregated.

Full breakdown

Every metric, side by side

BTC-backed loans of $10,000–$15,000 over 12 months. Payment options are noted below.

Term

Rate / APR: Lantern leads:From 10% APRBTC: 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: Lantern leads:16; 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 hoursStandard loans: 72 hours after a margin call, or earlier liquidation if LTV reaches 85%. Volatility-proof loans have separate rules.
Liquidation penalty: None; NoneStrike publishes no liquidation fee. On standard loans, collateral can be sold after the cure window or sooner if LTV reaches 85%.
Custody model: Lantern leads:Insured cold storage; Strike or capital providers
Insurance coverage: Lantern leads: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: Lantern leads:Las Vegas, NV; Chicago, IL
Regulatory status: Lantern leads: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.