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Introduction

Lending XRP can be an excellent option for those who wish to hold XRP while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain XRP (XRP) Tokens

   To lend XRP, you need to possess it. To obtain XRP, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	XRP (XRP)	1.86
   PrimeXBT	XRP (XRP)	1.86
   EarnPark	XRP (XRP)	1.86
   YouHodler	XRP (XRP)	1.86
   Binance	XRP (XRP)	1.86
   BTSE	XRP (XRP)	1.86

   View all 67 prices

2. 2. Choose a XRP Lender in the UK

   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	AER
   Nexo	XRP (XRP)	Up to 12% AER
   Nebeus	XRP (XRP)	Up to 4.5% AER
   EarnPark	XRP (XRP)	Up to 5% AER
   YouHodler	XRP (XRP)	Up to 12% AER
   Bitget	XRP (XRP)	Up to 0.36% AER

   View all 12 loan rates

3. 3. Earn XRP

   Once you've selected a platform to earn your XRP, transfer your XRP into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.