Best XRP (Ripple) Interest Rates of Dec 2022
Compare the best XRP (Ripple) interest rates and withdrawal fees of Dec 2022, from the top crypto interest accounts. Comparison of the best CeFi platforms to earn on XRP, so you can maximize your Ripple APY / APR, and earn yield.
Some content may contain affiliate links, meaning that for referring you, we may receive a commission. This is at no cost to you, and may provide you with a bonus / discount as part of the referral offer.
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.
Sign Up Bonuses
Nexo - 1) Sign up through this referral link. 2) Complete Advanced Verification. 3) Top up (deposit) at least $100 of any supported asset. 4) Must keep porfolio above $100 for at least 30 days. You'll earn $25 in BTC.
Crypto.com App - Sign up through this link using referral code 6k4dx8gb6c. Stake (deposit for 6 months) $400 in CRO for the ruby card tier or above, and you'll receive $25 in CRO.
Finblox - 1) Sign up through this link. 2) Pass the “Verified” level in Identity Verification. 3) Deposit assets within 7 days of signing up, and maintain balance for 30 days. 4) You'll earn a bonus of up to $250 USDC, based on the amount you deposit / maintain. See reward payout table here.
Haru Invest - Haru Invest has no sign up bonus currently. Feel free to sign up through this link or using referral code cefirates.
Ledn - Sign up through this referral link, and complete KYC. Then deposit at least 75 USDC or 0.0015 BTC, and hold for 15 days or longer. Deposit must be made within 30 days of opening an account. You'll receive 10 USDC.
Abra - Abra has no sign up bonus currently. Feel free to sign up through this link or using referral code RC7F4APFN.