Banner for Lantern Finance

Lantern Finance Reviews 

233
•
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

Evaluating 175 reviews, reviewers overwhelmingly had a great experience with this company. Customers frequently praise the remarkably fast loan approval process and the supportive staff who provide clear guidance throughout onboarding. Many consumers note that funds are deposited swiftly into their personal bank accounts, making borrowing against digital assets exceptionally seamless. People also appreciate the professional communication and how easy the platform interface is to navigate. Some people were dissatisfied with payment options and experienced minor setup difficulties regarding their accounts. Reviewers additionally mentioned longer waiting periods for bank transfers or occasional confusion regarding setting up automatic payments.

What people talk about most

User experience

Customers had positive experiences with user experience, highlighting that the platform is fast, seamless,... See more

Service

Customers consistently note positive experiences with service, highlighting exceptional satisfaction and... See more

Customer service

People report positive experiences with customer service, noting that staff members are readily accessible,... See more

Staff

Reviewers mention positive feedback about staff, consistently describing team members as responsive,... See more

Payment

Reviewers highlight positive aspects of payment, noting that funds are deposited quickly into bank accounts... See more

Reviews shaping this summary

Rated 5 out of 5 stars

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, w... See more

Company replied

Rated 5 out of 5 stars

Love the ease of the loan process! There is plenty of information regarding the loan process on the site, but, only limited in youtube thus far. The loan process was easy, setting up the bank account... See more

Company replied

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


Company details

  1. Cryptocurrency Service
  2. also in
  3. 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

233 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

(233)

169 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

Great service

I had to call in and get some advice and they were extremely helpful.

October 14, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks for calling Adam! Let us know if you need anything else.

Rated 5 out of 5 stars

Great customer service

I have an issue with the address and was unable to send tech support talked me through it quick and easy and before I knew it the money was in my account. Very pleased

October 14, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks for the review Matthew! Great to hear our support team could sort everything out. Welcome to Lantern!

Rated 5 out of 5 stars

Great Experience!

Easy process to understand, follow and complete. Since I was able to apply loan for additional purchase of crypto, it gave me a better LTV and I got more than expected. A great experience.

October 5, 2026
Lantern Finance logo

Reply from Lantern Finance

Awesome to hear! Appreciate the feedback and welcome to Lantern Finance!

Rated 5 out of 5 stars

Love the ease of the loan process!

Love the ease of the loan process!
There is plenty of information regarding the loan process on the site, but, only limited in youtube thus far. The loan process was easy, setting up the bank account was easy and straight forward. Payments go thru quickly. Excellent opportunity to use your XRP to obtain a loan!!!

October 13, 2026
Lantern Finance logo

Reply from Lantern Finance

We strive to make things easy for you to utilize your assets! We plan to expand our information on YouTube and other available means to make it even easier! Thank you for the kind words!

Rated 5 out of 5 stars

Quick and easy

Quick and easy. Small hiccup connecting Bank but easily fixed and loan completed!

October 12, 2026
Lantern Finance logo

Reply from Lantern Finance

Appreciate the review! Great to hear we were able to resolve the bank connection issue. Let us know if you have any other questions or feedback going forward!

Rated 5 out of 5 stars

Lantern is great!

Lantern is a great company and delivers on all its promises. I like their model, and they are working on making their platform easy to navigate.

October 5, 2026
Lantern Finance logo

Reply from Lantern Finance

Appreciate the Feedback! We are working hard to deliver the best products! Thank you for joining us!

Rated 4 out of 5 stars

Seem easy and straightforward to…

Seem easy and straightforward to transfer my crypto and get a loan. I did have a little trouble trying to figure out how to set up auto pay still not sure if I got it set up or not but other than that everything else went great.

October 9, 2026
Lantern Finance logo

Reply from Lantern Finance

Hey Robert, thank you for the review! We just checked your account and it looks like you set up the autopay correctly!

If you have any questions or run into any issues in the future, please don't hesitate to reach out to our support team at 415-365-0100.

Rated 5 out of 5 stars

Lantern website is well-constructed

Lantern website is well-constructed, steps are easy to follow and links to secondary on-line services seem to work well.

September 28, 2026
Lantern Finance logo

Reply from Lantern Finance

William, appreciate the feedback! Thank you for joining us!

Rated 5 out of 5 stars

Lantern is great

Lantern is great. easy and fast!

October 8, 2026
Lantern Finance logo

Reply from Lantern Finance

Hey Sean, really appreciate it! Thank you for being a valued client of ours!

Rated 5 out of 5 stars

Awesome

Borrowing was very easy and terms were very clear to understand. The service is excellent and I would highly recommend if you need cash without wanting to sell assets with tax implications.

September 29, 2026
Lantern Finance logo

Reply from Lantern Finance

Hey KT - really appreciate your review and vote of confidence. Grateful to have you as a valued client!

Rated 5 out of 5 stars

Lantern employees are great to work…

Lantern employees are great to work with and do all they can to assist. The loan was easy fast and seamless!

September 30, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Scott! Very happy to hear you had a great experience with us!

Rated 5 out of 5 stars

Drew was very helpful

Drew was very helpful, made the loan process very easy

October 7, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks BR! We'll let Drew know about the shoutout!

Rated 5 out of 5 stars

Reasonable terms and an easy process

The terms are very reasonable and the process was straight forward. This platform is a breath of fresh air and a much needed service is the industry.

October 5, 2026
Lantern Finance logo

Reply from Lantern Finance

Really appreciate the kind words Mike!

Rated 5 out of 5 stars

Quick and Simple

Quick and Simple. Easy to follow directions. Awesome experience. Thank you so much for creating a platform like this.

October 5, 2026
Lantern Finance logo

Reply from Lantern Finance

Hey Teddie, really appreciate your note! Thank you for being a valued client of ours.

Rated 5 out of 5 stars

The process was seemless

The process was seemless. Excited to be working with your company!

October 4, 2026
Lantern Finance logo

Reply from Lantern Finance

Thanks Joelle! Excited to have you as a valued client of ours too!

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