Banner for Lantern Finance

Lantern Finance Reviews 

174
TrustScore 5 out of 5

4.9

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

Review summary

Created with AI, based on recent reviews

Looking at 156 reviews, reviewers overwhelmingly had a great experience with this company. Customers frequently mention that creating an account, getting loan approval, and receiving funds in their bank accounts happens in a matter of minutes. Consumers consistently highlight the intuitive interface and the dedicated team members who patiently guide clients through every step of the borrowing process. However, some people mentioned facing occasional communication hurdles when trying to settle their accounts outside standard hours or encountering tricky payment options. Despite these few drawbacks, users appreciate the overall transparency and remain eager to continue utilizing the platform for future financial needs.

What people talk about most

Customer service

Reviewers mention positive feedback about customer service, highlighting that team members are responsive,... See more

User experience

Clients share positive opinions on user experience, highlighting how fast, seamless, and intuitive the... See more

Service

Users describe positive interactions with service, highlighting a smooth, fast, and reliable loan setup and... See more

Staff

Customers consistently note positive experiences with staff, highlighting responsive, knowledgeable, and... See more

Payment

Customers report positive experiences with payment, highlighting fast transaction speeds and simple deposit... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Lantern is the place to go for borrowing money using crypto as collateral. They are very professional, dependable, will always get back with you in a timely manner. They store your crypto in instituti... See more

Company replied

Rated 5 out of 5 stars

I was trying to setup a business account with many of the other popular exchanges / fintechs, but, ran into either an ungodly list of requirements and questions, or, they simply never got back with me... See more

Company replied

Rated 5 out of 5 stars

Amazing experience using Lantern. Super easy interface. Top tier customer service with Jeff who really took the time to explain the program. He is the reason that we ultimately decided to move fo... See more

Company replied

Rated 5 out of 5 stars

Trustworthy and responsive! I just paid off almost $80,000 in loans that I took out with Lantern, and received my collateral back in less than an hour. I did experience a few small glitches wi... See more

Company replied


Company details

  1. Cryptocurrency Service
  2. Financial Institution

Written by the company

Lantern Finance is a US-based lending platform that provides secure, reliable access to crypto-backed loans with dedicated customer support. Use your assets—like BTC, ETH, XRP, and more—as collateral to unlock liquidity without having to sell your crypto.


Contact info

4.9

Excellent

TrustScore 5 out of 5

174 reviews

5-star
4-star
3-star
2-star
1-star

Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 100% of negative reviews

Typically replies within 1 week

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

4.9

All reviews

(174)

151 reviews in the last 12 months

Write a review
Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

Fastest loan transaction EVER. No Joke!!

It was so simple to do and quite easy to understand. I was a bit hesitant to collateralize my account, but the Loan was approved instantly and funds were deposited into my bank account within 2 minutes. I was relieved. This is legit and I honestly found it unbelievable. This is great for the crypto industry. You can utilize your assets for lending. Hoorah!!!!

September 18, 2026
Rated 5 out of 5 stars

Great experience

Great experience, first time visit and loan. My transfered in collateral crypto was confirmed receiced in about 1 minute. Loan approval given once collateral was activated. 11% is a great rate imo, will pay off some 25% credit cards, and still own my crypto assets.
All this done at 1am EST. Excellent!

September 17, 2026
Lantern Finance logo

Reply from Lantern Finance

Thank you Tom! Really appreciate your kind words and great to hear that we could be useful. Welcome to Lantern, and thanks for being a valued client!

Rated 5 out of 5 stars

Great Customer service.

Very helpful in solving some technical issues. they were very involved for a couple of days and now it is very easy to use their services... Excellent.

September 10, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks David! Great to hear everything was resolved and that everything is seamless with your Lantern experience now

Rated 5 out of 5 stars

A good fast efficient website

A good fast efficient website. Jeff & Ed are great to answer any and all questions. They always answer the phone. As a small business owner myself. I would give Lantern 10 Stars if I could.

September 17, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Mark, this means a lot to us! Will make sure Jeff and Ed see this!

Rated 5 out of 5 stars

So far so good.

So far so good.
After the setup, the $$$ came at lightning speed.

September 14, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks for the review David!

Rated 5 out of 5 stars

First time experience…

Was easy to connect to a real person when questions arose while filling out application form. Informative answers, and solutions we’re given.

September 14, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Joe, great to hear everything went smoothly!

Rated 5 out of 5 stars

My first experience....

This is my first experience with Lantern Finance and I am impressed with the onboarding process and clear process for securing a loan backed by assets.

Sincerely appreciated!

September 14, 2026
Lantern Finance logo

Reply from Lantern Finance

Great to hear everything went smoothly, and thanks for being a valued client of ours!

Rated 5 out of 5 stars

Ed & Jung ate amazing

Ed & Jung ate amazing. Lots of patients guiding me through a very new experience. Thumbs up guys!!

September 12, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Mick, very much appreciated! We'll make sure Ed and Jung sees your note! It'll make their days

Rated 5 out of 5 stars

Jeff was so patient

Jeff was so patient with me it was unbelievable. But the rest of your staff is half as good as he is the sky will have no limit for Lantern. Jeff needs a pay raiser putting up with me. I've already told a friend of mine and he's checking into you guys. Jesus loves you have a great day.

September 11, 2026
Lantern Finance logo

Reply from Lantern Finance

Wow, thank you for this amazing review! We will make sure Jeff sees this. Jesus loves you too - have a blessed weekend!

Rated 4 out of 5 stars

Lantern Finance is doing great with the…

Lantern Finance is doing great with the whole loan setup and execution process, my experience ranked 5 stars. However, I rate my experience so far as 4 stars because, I have not gone through the loan close out process yet, where I receive my collateral back. After the close out process I can rate the entire loan initiate/close-out process with a single rating. I also would suggest that Lantern discuss the loan closeout process better in the beginning, for example, does the collateral go back to the wallet address that provided the collateral?

September 3, 2026
Lantern Finance logo

Reply from Lantern Finance

Hey Jay, thanks for the review. After your loan closes, your collateral is released into your Available Balance. At that point, you can click on the "Move Funds" button, then "Withdraw" - then you paste in the wallet address that you want us to withdraw to. It can be the wallet you sent your funds from or a different one.

Hope that answers your question, and hope that we can reach 5 stars with you!

Rated 5 out of 5 stars

Drew was the best representative i have…

Drew was the best representative i have ever talked to. He spent all the time i needed to making a profile, transferring assets and getting a loan. I felt like i was at home. I couldn't believe how nice and welcoming the call was. I absolutely recommend using this platform. I have never felt more safe and secure than i do right now.

September 9, 2026
Unprompted review
Lantern Finance logo

Reply from Lantern Finance

Appreciate the heartfelt review Ryan! Drew just joined our team recently but he's clearly been killing it!

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look