Where and How to Lend XRP (XRP)

Introduction

Lending XRP can be a great option for those who want to hold XRP but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire XRP (XRP) Tokens

   To be able to lend XRP, you need to have it. To get XRP, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Nexo	XRP (XRP)	2.32
   PrimeXBT	XRP (XRP)	2.32
   M2	XRP (XRP)	2.32
   Uphold	XRP (XRP)	2.29
   Klink	XRP (XRP)	2.28
   OKX	XRP (XRP)	3.77

   See all 33 prices

2. 2. Choose a XRP Lender

   Once you have XRP, you’ll need to choose a XRP lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	XRP (XRP)	Up to 12 APY
   YouHodler	XRP (XRP)	Up to 12 APY
   Nebeus	XRP (XRP)	Up to 4.5 APY
   Bitget	XRP (XRP)	Up to 0.36 APY
   MEXC Global	XRP (XRP)	Up to 0 APY

   See all 7 borrowing rates

3. 3. Lend Your XRP

   Once you’ve chosen a platform to lend your XRP, transfer your XRP into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.

4. 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. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure 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.