Where & 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

1. 1. Obtain XRP (XRP) tokens

   In order to lend XRP, you need to have it. To obtain XRP, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	XRP (XRP)	$0.5274
   M2	XRP (XRP)	$0.5251
   YouHodler	XRP (XRP)	$0.5252
   Uphold	XRP (XRP)	$0.6037
   Wirex	XRP (XRP)	$0.5279
   Kraken	XRP (XRP)	$0.5252

   See all 23 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
   M2	XRP (XRP)	Up to 8% APY
   YouHodler	XRP (XRP)	Up to 11% APY
   Nebeus	XRP (XRP)	Up to 4.5% APY
   MEXC Global	XRP (XRP)	Up to 0% APY

   See all 9 lending rates

3. 3. Lend your XRP

   Once you’ve chosen a platform to lending 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.