Crypto-backed loans
Don’t Sell.
Borrow Instead.
Keep your crypto, never sell it. From 8% APR, up to 50% LTV, funded as soon as the same day by wire, ACH, USDC or RLUSD.
4.9 on TrustpilotNo credit check · Secured by BitGo
Loan calculator
Live estimate- Annual Percentage Rate(2% upfront fee + 0% interest rate)
- 2%
- Upfront fee(taken out of loan amount)
- $20.00
- Monthly interest
- $0.00 / month
Estimate at XRP ≈ — and 40% LTV. Interest-only, repay any time.
- Starting rate on BTC
- 8% APR
- Borrow up to half
- 50% LTV
- Interest-only term
- 12 months
- Minimum loan
- $1,000
- Grace after margin call
- 72 hrs
How it works
Funded in three steps.
- 01
Apply in minutes
Pick an amount and collateral asset. Verify your identity. No credit check, no impact on your score.
- 02
Send your collateral
Deposit to your dedicated BitGo address, or move crypto in from your Lantern trading balance in one tap.
- 03
Get funded
Funds arrive by wire, ACH, USDC or RLUSD — as soon as the same day.
Loan health
Always know where you stand.
LTV is your loan balance divided by your collateral's value. Lower is safer. We watch it around the clock and call you long before it matters.
32%Your current LTV
Healthy- Healthy
- under 60%
- Margin call
- 65% · then 72h grace
- Liquidation
- 75%
Why borrow
Selling is permanent. Borrowing isn't.
Need $25,000? Selling triggers a taxable event and ends your upside. A Lantern loan keeps both intact.
Borrowing is not a sale, so there's no capital-gains event. This is not tax advice.
Sell 0.29 BTC
$25,000
- Taxable event
- Yes
- Keep the upside
- No
- BTC you still own
- 0.29 less
- Cost
- Capital-gains tax
Borrow with Lantern
$25,000
- Taxable event
- No
- Keep the upside
- Yes
- BTC you still own
- All of it
- Cost
- $166.67/mo
Buy Boost
Turn your loan into more crypto.
Already planning to buy more? Switch on Buy Boost and Lantern uses your loan to buy more of the crypto you're borrowing against, then adds it to your collateral. Not a separate loan — one step, no new cash.
Your loan goes toCash in your bank
- You receive
- US dollars
- Loan backed by
- Your original collateral
Your loan goes toMore BTC in your collateral
- You receive
- More of the same crypto
- Loan backed by
- Original collateral + new crypto
Worked example
What 100% initial LTV really means
- You depositWorth about $85,000
- 1 BTC
- You borrow100% initial LTV
- $85,000
- Upfront fee2% of the loan, as on every loan
- −$1,700
- Lantern buys BTC for youBefore the exchange's fees, quoted when you buy
- ≈ +0.98 BTC
- Loan
- $85,000
- ÷ Collateral now
- 1.98 BTC$168,300
- = Your loan settles at
- ≈50.5% LTV
Limits
Maximum initial LTV by asset
| Asset | Standard | Buy Boost |
|---|---|---|
| BTCETHSOL | 50% | 100% |
| XRPLTC | 40% | 67% |
| ADALINKXLMHBARBCHSUIAVAXHYPE | 33% | 50% |
| DOGEXDCCC | 25% | 33% |
Buy Boost max is the initial LTV — your loan settles at roughly half once the crypto is added.
- Rate unchanged
- 2% upfront fee
- Exchange fees quoted at purchase
Good to know
Probably not right if you expected cash, or want a bigger safety cushion if prices drop.
No cash payout
Proceeds go straight into buying crypto. It only uses your loan — no extra money is added.
Bigger loan, more interest
Your rate doesn't change, but you're borrowing more, so you'll owe more interest.
How to turn it on
Start a new loan, choose collateral, and toggle on Buy Boost before you submit. You'll get new crypto, not a cash deposit.
Supported collateral
16 assets to borrow against.
Up to 50% LTV on BTC, ETH and SOL, and 40% on XRP. Other assets have their own limits.
Security
Held by BitGo. Insured to $250M. Never lent out.
Your collateral sits with a US qualified custodian in offline cold storage. We don't lend it or speculate with it. Ever.
Qualified custody with BitGo
Collateral is held offline in cold storage and insured up to $250M.
72 hours, and a human on the phone
A margin call starts a 72-hour grace period and a call from our team. No surprises.
Registered and licensed
FinCEN-registered MSB, NMLS #2732930. Trading via a licensed partner.
Borrowing isn't selling
A loan isn't a sale, so there's no capital-gains event. Not tax advice.
Borrowers say it best.
4.9 on Trustpilot218 reviews
“Excellent service. Transparent terms. Low risk and LTV. Lightning fast loan processing.”
“Enough getting liquidated on wicks — these guys take care of you and it's effortless.”
“Got my wire the same afternoon. Didn't have to sell a single sat.”
Questions before you borrow?
Call or text 415-365-0100 · Mon–Fri, 6am–6pm PT
Borrow without selling.
From 8% APR. Funded as soon as the same day. Your crypto stays yours.