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. Obtain XRP (XRP) Tokens

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

   Platform	Coin	Price
   Nexo	XRP (XRP)	2.34
   PrimeXBT	XRP (XRP)	2.34
   M2	XRP (XRP)	2.34
   Uphold	XRP (XRP)	2.34
   Klink	XRP (XRP)	2.34
   OKX	XRP (XRP)	3.81

   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 AER
   YouHodler	XRP (XRP)	Up to 12 AER
   Nebeus	XRP (XRP)	Up to 4.5 AER
   Bitget	XRP (XRP)	Up to 0.36 AER
   MEXC Global	XRP (XRP)	Up to 0 AER

   See all 7 lending rates

3. 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 are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound 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.