XRP Lending Rates: Compare Best XRP APY | Bitcompare

XRP Lending Rates: Compare Best XRP APY

Compare the best XRP (XRP) lending rates from 9 leading platforms, including Nexo, and earn up to 8% APY.

Latest XRP Lending Rates APY

  • Nexo

    XRP (XRP)

    8% APY

    Intro offer

    Invite friends and earn up to $1,000, paid out in Bitcoin


    775,000,000 USD for theft, hacking, loss of keys and more

    Worth noting

    Earn 2% more when opting to earn interest in NEXO tokens

  • CoinLoan

    XRP (XRP)

    5.2–7.2% APY

    Intro offer

    No current offers


    $100M insurance included

    Worth noting

    Earn higher interest and pay lower fees when staking their CLT token

  • YouHodler

    XRP (XRP)

    4.08% APY

  • Finblox

    XRP (XRP)

    1.75% APY

  • Binance

    XRP (XRP)

    0.45% APY

  • OKEx

    XRP (XRP)

    0.08% APY

How to Earn Interest on XRP?

Ripple or XRP is one of the top ten cryptocurrencies by market cap. It is also among the most well-known projects in the crypto space. Ripple, the company behind XRP, is targeting the global cross-border payments space. There is a huge XRP community that has full trust in XRP. They believe XRP will play a crucial role in the traditional financial ecosystem.

If you are one of the XRP hodlers, there is a better way to multiply your profits while hodling XRP. You can deposit your XRP holdings in an interest account and earn interest on it. Follow the below steps to start earning up to 8% APY on your XRP deposits:

  1. Signup for an Interest Account 

Go to the website of an XRP interest account provider and visit their registration page. Provide your name and email address there and click on the signup button to complete the registration process.

  1. Verify Your Interest Account 

You will receive an email from the interest account provider after completing the signup process, which contains a verification link. Click on the link to verify your email ID.

Your account is not ready yet to start earning interest, as you will have to activate your account for it. To activate your account, a KYC is a must. Provide your details along with a government-issued identity card. You will also need to upload a photo of yourself holding the ID card to complete the KYC process.

Once you have filled in your personal details, uploaded your ID card, and a photo of yourself holding it, click on submit. Depending on the number of signups the platform is seeing daily, your KYC will be approved within a few days.

There is no need for a signup process or KYC process if you opt for a DeFi platform. To begin earning interest on XRP from a DeFi interest account provider, you have to connect your wallet with their platform and deposit XRP to your DeFi interest account. The interest accruals on XRP Will begin automatically.

  1. Deposit Your XRP

You will receive an email from the interest account provider informing you about KYC approval. It means your account is ready to start earning interest. All you have to do now is deposit XRP to your account. To deposit XRP, visit the page that provides all available deposit options on the platform.

Click on XRP/Ripple to receive a unique wallet address and a tag. Copy the wallet address and the tag and paste it into the XRP withdrawal page of the wallet where you hold XRP. Enter the amount of XRP you wish to withdraw and click on the withdraw button. In some time, you will receive XRP in your interest account.

  1. Start Earning Interest 

Once your interest account receives XRP, you do not have to do anything else. Interest accrual will begin automatically.

Why Earn Interest on XRP?

If you are hodling XRP in a wallet, you will only benefit from its price appreciation. A better way would be to maximize your profits by earning interest on your XRP holdings. This way, you can benefit from the price appreciation and also earn interest while hodling XRP. That is like a double bonanza for XRP hodlers. Also, the interest you can earn on your XRP holdings is far better than what banks in the western world pay on USD and other fiat currency deposits.

  • Easy Process

Earning interest on XRP is very easy. All it takes is a 3-step process. Signup for an account, complete the KYC process, and deposit XRP. That's it, and now, sit back and see your crypto wealth grow.

  • Low Risk

When we compare the risks involved in earning interest on XRP with financial instruments offering similar interest rates, we find that earning interest on XRP has comparatively lesser risk. The interest account providers lend cryptocurrencies and fiat currencies to borrowers at a very high-interest rate. They share a part of their income from their lending business with interest account holders in the form of interest. Most of them manage the risks involved by demanding over-collateralization from the borrowers.

  • Passive Income

Earning interest on XRP is an excellent way to build your crypto wealth. Once you have deposited XRP, you do not have to do anything. Your passive income will continue to grow till you hold XRP in your interest account.

Where can I earn Interest on XRP?

As XRP is one of the most well-known cryptocurrencies today, there are multiple interest account providers offering interest on XRP deposits. The best among them are Nexo, YouHodler, and Celsius Network.


With Nexo, you can earn interest up to 8% APY on your XRP deposits. But to earn this rate, you will have to meet a few eligibility criteria. First, you must agree to receive interest in NEXO tokens, the native token of the Nexo platform. Next, you need to hold 10% of your investment portfolio on Nexo in NEXO tokens. You must also opt for a Nexo fixed account. If you meet all of these criteria, you will become eligible to earn interest up to 8% APY on XRP.

There are two types of accounts on Nexo: Fixed and Flex. In a fixed account, you will have to keep your XRP deposits locked for one or three months. On the other hand, a flex account allows you to withdraw your XRP funds anytime you want.


As of now, YouHodler offers 4.4% APY on XRP deposits. But you must deposit XRP worth at least $100 to start earning interest on it. If you want to earn more on XRP, you can also leverage YouHodler's multi hodl and turbocharge features. There is no lock-in period on YouHodler, you are free to withdraw your XRP funds anytime you want. The interest payout on YouHodler happens every week.

Is it Risky Earning Interest on XRP?

Yes, there is a risk, and you must know about them. XRP interest account providers share a part of their income with their interest account holders. So, how do these interest account providers earn income? They lend cryptocurrencies and fiat currencies. As a major share of their income is from lending, there is a risk, which they manage by making over-collateralization mandatory to obtain loans from them.

But not every platform has a mandatory over-collateralization policy. If you are opting for an interest account with such a platform, your funds will be at a comparatively higher risk. If the number of loan defaults starts rising on these platforms, they won't have enough funds to pay interest. If the loan default numbers grow too large, the platform may even go bankrupt. In case of bankruptcy, the platform will be unlikely to refund your digital assets.

Many interest account providers have insured their user funds today. But under specific circumstances, the insurance amount may not be enough to cover the entire loss. The insurance amount that a crypto lending platform has for its user funds is usually in the range of a few hundred million dollars. If the losses are above the insurance amount, you will only receive a part of your funds from the insurance provider.

It does not mean that you cannot earn interest on XRP safely. To ensure that your funds are safe, you should research well before you choose a platform. You must not choose a platform solely based on the interest they offer. You can also rely on reviews for choosing a credible interest account provider. Bitcompare has reviewed almost every major interest account provider, which you can go through while selecting a platform.

What to Look for When Choosing a Platform?

Choosing a platform to earn interest on XRP is the most crucial part. There are a few factors that a platform must meet to be considered a safe and credible option to deposit XRP. Both interest rates and the duration since the platform has been in the industry are important factors.

Researching how long the platform has been active in the industry is important as longevity shows that the platform is credible. Read user reviews of these platforms to understand how their users feel about them. You can also go through the media coverage on the interest account providers to understand what the media thinks about them.

Check if the platform has insured its user funds. If any black-swan events like hacking or bankruptcy strikes, the insurance company will pay the insured amount to the platform. The insurance funds will go to the interest account holders to cover the loss of their funds. If the insurance amount is equal to or less than the losses that the platform had, then you will receive your full funds back. Therefore, insurance is a crucial factor that you should not neglect while choosing a platform.

Now, check if a platform has any minimum deposit requirements to begin earning interest. If there are such requirements, you won't earn interest until you deposit equal to more than the minimum deposit required.

If you want to earn the highest interest rates offered by the platform, you must also know about the eligibility criteria for it. Some platforms make it mandatory to receive interest payout in the native token of the platform to earn the highest rates the platform offers. A few platforms also require their users to hold a specific part of their investment portfolio in their native token to become eligible for earning higher rates.

Another thing that you should check is if the platform has any lock-in period to earn interest. If that is the case, you won't be able to withdraw your XRP until the lock-in period ends. You can also search for a platform that has no lock-in period. Some interest account providers offer both a flexible account and fixed account to their users.

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