Introduction
Lending XRP can be a great option for those who want to hold XRP while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain XRP (XRP) Tokens
To lend XRP, you need to possess it. To acquire XRP, you'll need to buy it. You can select from these popular exchanges.
2. Choose a XRP lender
Once you have XRP, you'll need to choose a XRP lending platform to lend your tokens. You can find some options here.
3. Lend Your XRP
Once you've chosen a platform to lend your XRP, transfer your XRP into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your lending platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
missing en-au translation: common.latest-movements-copy
- Market capitalisation
- USD 131.18B
- 24-hour volume
- USD 5.17B
- Circulating supply
- 57.45B XRP
XRP
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
