Where and How to Lend Binance-Peg XRP (XRP)

Introduction

Lending Binance-Peg XRP can be a great option for those who want to hold XRP but earn yield. The steps can be 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. 1. Obtain Binance-Peg XRP (XRP) Tokens

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

   Platform	Coin	Price
   Coinbase	Binance-Peg XRP (XRP)	2.3
   Luno	Binance-Peg XRP (XRP)	2.28
   Kucoin	Binance-Peg XRP (XRP)	2.3
   CoinEx	Binance-Peg XRP (XRP)	2.29
   Hotcoin	Binance-Peg XRP (XRP)	2.3
   Bitvavo	Binance-Peg XRP (XRP)	2.29

   See all 16 prices

2. 2. Choose a Binance-Peg XRP Lender

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

   Platform	Coin	Interest rate
   Kucoin	Binance-Peg XRP (XRP)	Up to 0.04 APY

3. 3. Lend Your Binance-Peg XRP

   Once you’ve chosen a platform to lend your Binance-Peg XRP, transfer your Binance-Peg XRP into your wallet in 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 compound 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.