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. Get XRP (XRP) Tokens

   To lend XRP, you need to have it. To get XRP, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Nexo	XRP (XRP)	2.15
   PrimeXBT	XRP (XRP)	2.15
   Uphold	XRP (XRP)	2.15
   EarnPark	XRP (XRP)	2.17
   Kraken	XRP (XRP)	2.15
   OKX	XRP (XRP)	2.14

   See all 67 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	Loonies	Interest rate
   Nexo	XRP (XRP)	Up to 12 annual percentage yield
   YouHodler	XRP (XRP)	Up to 12 annual percentage yield
   EarnPark	XRP (XRP)	Up to 5 annual percentage yield
   Nebeus	XRP (XRP)	Up to 4.5 annual percentage yield
   MEXC Global	XRP (XRP)	Up to 0 annual percentage yield
   Bitget	XRP (XRP)	Up to 0.36 annual percentage yield

   See all 12 lending rates

3. 3. Lend Your XRP

   Once you’ve chosen a platform for lending 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 pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.