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Lantern Finance Reviews 

175
TrustScore 5 out of 5

4.9

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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. #2 of 40 best companies in Cryptocurrency Service
  2. #16 of 107 best companies in 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

175 reviews

5-star
4-star
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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

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4.9

All reviews

(175)

151 reviews in the last 12 months

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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

My experience with Lantern Finance has been great so far!

My experience with Lantern Finance has been great so far! It has been a nice smooth process so far! I'm hoping things will continue to go this well throughout the entire length of my loan. As far as my experience so far, I would definitely rate it 5 stars.

December 12, 2025
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Reply from Lantern Finance

Thank you for the great review and for being a valued client of ours! As always, don't hesitate to reach out for any questions and/or feedback!

Rated 5 out of 5 stars

Your best in service

Now this is the way defi was meant to be personalized trustworthy and expeditiously submitted all within 12 hours. Bravo to lantern finance thank you.

December 11, 2025
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Reply from Lantern Finance

Thanks for the awesome review Ben!

Rated 5 out of 5 stars

Seamless and Simple

Seamless and simple! Finally, a platform that supports XRP-backed loans and that is based and regulated in the U.S. Really great and super easy to use. Also, payment is quick and can be received in US$. Thank you.

December 12, 2025
Unprompted review
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Reply from Lantern Finance

Thanks Jonathan, happy to hear you had a great experience with us!

Rated 3 out of 5 stars

Easy process but shady payment options

Easy process but shady payment options. You can set up auto pay for interest only. Besides that it's you to pay the principle back on time so you don't lose your collateral

November 21, 2025
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Reply from Lantern Finance

Hey there, appreciate the feedback! However, to be clear, we don't have auto-pay for principal because our loans are interest-only. Basically, you don't need to pay the principal until the maturity date which is 12 months after your loan.

For your interest which is due each month, you can set up autopay since the amount is pre-determined. For principal, there is no pre-determined amount until loan maturity, so there is no amount that you can auto-pay, since you can choose to pay back different amounts (or none) each month. Also, you automatically get reminders that maturity is coming up, several times weeks before it is due. Even then, you are able to refinance to keep the loan for another 12 months, or just pay it off to release your collateral.

Hope that makes sense.

Rated 5 out of 5 stars

My Crypto loan experience 👌

My experience with Lantern Finance has been very positive. The interface is clean, intuitive, and easy to navigate. The onboarding flow is smooth, with registration and verification processed far faster than expected. Funding, loan deposits, and repayment confirmations were handled quickly, outperforming the speed of most traditional banks.

December 3, 2025
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Reply from Lantern Finance

Thanks Ross, really great to hear that you had a smooth experience with our platform!

Rated 5 out of 5 stars

Setting up my business account

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. Lantern Finance was the easiest process by far AND, they actually communicate with you. Then, once setup, I was able to get a loan without any issues. I was, and am, beyond thrilled.

November 25, 2025
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Reply from Lantern Finance

Really appreciate you sharing your Lantern experience and great to hear you've been a happy client!

Rated 5 out of 5 stars

I literally just signed up with Lantern…

I literally just signed up with Lantern Finance a few days ago, and I’m already writing this review because I’m that impressed. The whole process was ridiculously smooth – from creating my account to getting approved, everything happened in minutes, not days. No mountain of paperwork, no endless verification loops, just a clean, simple experience that actually feels modern.
The speed is unreal. I needed funds quickly and they were in my account the same day – way faster than any bank or lender I’ve ever dealt with. So far (and I know it’s early), it’s been 100% hassle-free and transparent. No surprise fees, no fine print gotchas.
If my first few days are anything to go by, Lantern Finance is the real deal. Five stars without hesitation – finally a finance company that respects your time

November 22, 2025
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Reply from Lantern Finance

Hey Jason, very much appreciate the glowing review!

Rated 5 out of 5 stars

Website was easy to use and the loan…

Website was easy to use and the loan process even easier! But what made the experience great, was in the ability to talk with a live person! This eased my hesitation to trust another person with custody of my crypto. Definitely, would use again.

November 17, 2025
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Reply from Lantern Finance

Appreciate the review Ed! Glad you had a great experience with our customer support - that's something we really pride ourselves on!

Rated 5 out of 5 stars

Lantern Finance has made borrowing…

Lantern Finance has made borrowing against my digital assets a breeze. It was within 24 hours of my application to the time funds were in my account. Thank you Lantern Finance for providing the ability to borrow vs. selling. What a game changer.

November 10, 2025
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Reply from Lantern Finance

Appreciate the kind words Kimberly! Grateful to have you as a valued client.

Rated 5 out of 5 stars

Easy XRP Loan AAA service

Great customer service and quick funding of crypto loans including XRP. Simple process. Great communication.

November 17, 2025
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Reply from Lantern Finance

Thanks Andrew, great to hear that you had a great experience with us!

Rated 5 out of 5 stars

Fast and easy!!

So incredibly user friendly and intuitive. Also, great customer service!

November 10, 2025
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Reply from Lantern Finance

Very much appreciated Jay!

Rated 5 out of 5 stars

So far a great experience

So far a great experience. Quick loans after collateral. Love the three day lull before liquidation to top off funds. Look forward to doing more business with Lantern Finance!

November 7, 2025
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Reply from Lantern Finance

Thanks Paul and looking forward on our end as well!

Rated 5 out of 5 stars

Simple process with lantern finance

Simple process with lantern finance, their platform is easy to use and lets you know all of your loan details with ease.

October 27, 2025
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Reply from Lantern Finance

Thanks Mickey, great to hear that your experience so far has been great!

Rated 5 out of 5 stars

Great staff and easy to work with

Great staff and easy to work with.
They will communicate with you and help you navigate the processes.
I have done multiple loans and payoffs and smooth process every time.
Thank you Lantern Finance team.

October 31, 2025
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Reply from Lantern Finance

Thanks for being a valued client of ours David!

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