Best XRP (Ripple) Interest Rates of Sep 2023

Best XRP Interest Rates

The table above compares the best XRP interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best Ripple interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your XRP for one month. So the best XRP interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest XRP Yield

The max APY column will show where you can earn the highest XRP yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest XRP interest rate on the first X amount of XRP.

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and Ripple rates may change for US vs non-US. The table also includes other details relevant to determining the highest XRP interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best XRP APY / Best XRP APR

The table shows XRP rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has XRP rates in APR, you can use tools like this to convert XRP APR to XRP APY.

Best XRP Staking Rates / Best XRP Lending Rates

For earning yield, staking XRP is sometimes used interchangeably with lending XRP. So those looking for the best XRP staking rates to earn interest might be looking for the best XRP lending rates to earn interest. With the CeFi platforms covered here, you are lending your XRP to centralized entities, as a way to earn yield on XRP.

How To Earn Interest on XRP

To earn interest on XRP, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit XRP to start earning interest. To earn the highest XRP APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn XRP Interest

The high yield offered by XRP interest accounts is likely the main reason an individual would want to earn XRP interest, rather than letting it sit idle.

However, there is always risk that you lose some or all of your assets. For example, a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best XRP Interest Account / Best XRP Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best XRP interest account / best XRP savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of XRP. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.