How To Earn Interest on XRP

Kevin Groves
Posted by: Kevin GrovesUpdated Aug 30th, 2023

Rising inflation has investors looking for alternatives to earn profits through their crypto investments. Since trading cryptocurrencies in the current bear market doesn't bode well for most, holding the cryptocurrency in an interest account, that is, earning interest on crypto, has emerged as a better option.

XRP is the native token of the Ripple Network. Ripple is a payment settlement system and a currency exchange network that processes global transactions. Ripple has been trending sideways since the beginning of the year, which makes earning interest on XRP a suitable option for crypto investors. This guide reviews the best places to earn investment on XRP and provides a step-by-step guide to start this passive income generation process.

Best Platforms to Earn Interest on XRP in 2023

Here is the list of top platforms that, according to our research, are the best places to earn interest on XRP.

  1. Nexo (overall best platform to earn interest on XRP
  2. Binance (best for flexible and fixed ways to earn interest)
  3. CoinLoan (best for high XRP interest rates)
  4. YouHodler (best XRP interest account for ease of use)

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Comparison of XRP Interest Rates on Top Platforms

The interest investors earn on XRP varies depending upon the different platforms. These platforms offer other utilities that are fit for users with varying levels of expertise. Here is the summary of the best crypto lending platforms explaining their requirements and what they are best for.

PlatformXRP Interest RateRequirementBest For
NexoUp to 8% APYMust stake NEXO for highest interest rate (10% of portfolio)Highest yields for XRP
BinanceUp to 0.45% APYNoneFlexible XRP interest account
CoinLoanUp to 7.2% APYMust stake 2,500 CLT tokens for highest rateFlexible and fixed interest
YouHodlerUp to 6.5% APYNoneGood for diverse XRP investments

How to Earn Interest on XRP – Quick Guide

Following are the steps to earn interest on XRP:

Where to Earn Interest on XRP – 2023 Reviews

Before choosing a crypto lending platform to create an interest account in, users must consider multiple factors. They include the security of the platform, the interest rates provided, the volatility of those interest rates, and whether the crypto holdings are secured through insurance. Another crucial factor to be mindful of is the minimum lock-up period. That is, how long does the investor have to lock their XRP to earn the advertised interest rates.

Based on these factors and the research done by our experts, here are the top platforms to earn interest on XRP in 2022.

1. Nexo - Overall Best Platform To Earn Interest on XRP

Nexo is a preferred crypto lending platform by crypto traders around the globe. The lucrative interest rates, the focus on security, and the constant communication with the community have made Nexo one of the premium cryptocurrency exchange and lending platforms. Individuals can fund their XRP interest accounts using fiat currencies such as USD, EUR, GBP, AUD, and 36 others. The platform also lets investors swap over 300+ market pairs of crypto and fiat currencies. Nexo is trusted with over $12 billion worth of assets under its management and caters to more than 4 million users worldwide.

Nexo XRP interest accountNexo XRP interest account

Since the beginning, Nexo has made several changes in the user interface to make it easier for novice investors to interact with the crypto lending utilities. Furthermore, the platform offers a lucrative crypto interest account that allows investors to earn up to an 8% Annual Percentage Yield by holding any of the 33 supported cryptocurrencies.

Investors can earn up to 8% interest on XRP by simply buying or transferring XRP tokens and holding them in the Nexo interest account. Nexo’s unique daily payouts allow investors to cash out the interest they have earned at any given time. Furthermore, the interest rate is compounded daily.

Investors can choose between FLEX and fixed term. With the FLEX term, investors can withdraw XRP from their accounts at any time. However, if they decide on a 1-month fixed term, Nexo provides them with 1% additional interest on their XRP holdings. However, the standard interest rewarded for holding XRP is 6%. Investors must take the following three steps to earn the highest XRP interest rate on NEXO.

  1. Become a platinum loyalty tier client by ensuring that at least 10% of the investor’s portfolio balance consists of NEXO tokens
  2. Earn interest on Nexo tokens will add an additional 2% to the interest rate
  3. Choose a 1-month Fixed term to hold the XRP
Nexo XRP interest calculatorNexo XRP interest calculator

There are no hidden fees involved, and no additional charges are levied on users to add, withdraw or hold funds. All the digital assets, including XRP are covered under a 775 million USD insurance policy backed by BitGo and Ledger.

Overall, Nexo is the best platform to earn XRP interest for first-time and seasoned investors who want to put their idle cryptocurrencies to work and earn regular passive income. It has a user-friendly interface, provides fixed and flexible terms for starting interest accounts, and secures the crypto assets of the holders in insurance policies. In short, Nexo is one of the best places to earn interest even during the current bear market while other platforms are faltering.

Nexo Pros:
  • World’s leading crypto lending platform
  • Offers flex and fixed terms to start earning interest on XRP
  • XRP insured under a $775 million insurance policy
  • No hidden fees or commissions
Nexo Cons:
  • Holding NEXO is necessary to earn the advertised XRP interest rates
  • Interest accounts are not yet available for US investors
  • Choosing higher interest rate options will lock up the XRP tokens for one month

2. Binance - Best For Flexible and Fixed XRP Interest Accounts

Binance is the world's leading crypto exchange which has listed over 600 cryptocurrencies and supports over 100 million users which is a testament to its success in the crypto industry as a trusted and reputable company. Along with a traditional exchange, Binance also offers an NFT marketplace, a dApp development platform, and Binance Earn. The latter is the finance platform that enables its customers to earn interest on XRP and other digital assets.

Binance Earn XRP savings accountBinance Earn XRP savings account

Binance Earn offers investors a way to park their cryptocurrencies in staking or savings accounts and earn passive income. When it comes to XRP, Binance offers both flexible and fixed interest accounts. Investors can earn up to 0.45% APY on XRP holdings with the Binance Flexible Savings account. By comparison to our list of top XRP interest accounts, the rates offered on Binance Earn for Ripple holders are quite low.

If users want to earn more from the Binance earn utility, they can instead choose to become a liquidity provider and add to the XRP/USDT, XRP/BNB, XRP/ETH, or XRP/BTC pool. The estimated APY for each is 4.44%, 2.70%, 2.67%, and 2.29% respectively. These rates are higher than the standard XRP savings account, although this product operates slightly differently as a yield farming platform.

Binance liquid swap for higher XRP interest ratesBinance liquid swap for higher XRP interest rates

Investors around the world consider Binance to be one of the safest platforms to invest and earn interest in XRP. Furthermore, it continues adding new utilities, making it possible for investors to earn higher interest on XRP in the future. Binance also pays special heed to security. In addition to setting standard security measures to protect users' accounts, the platform has also set up a $1 billion insurance fund. In short, Binance Earn is a reliable and stable platform for earning interest on XRP assets.

Binance Pros:
  • Offers multiple ways to earn interest on XRP
  • Has the lowest transaction fees
  • Crypto assets under a $1 billion insurance fund
  • No fee is charged for depositing XRP
Binance Cons:
  • The platform is not ideal for beginners
  • 0.45% APY interest for XRP is lower than competitors
  • No DeFi staking options to earn more XRP

3. CoinLoan - Best For Competitive XRP Interest Rates

CoinLoan is a crypto lending platform offering high loan-to-value rates. That is, borrowers can borrow higher loans while putting a smaller crypto security deposit. It also provides high-fixed interest rates to earn passive income on cryptocurrencies such as XRP. It was established in 2017 in Estonia after it acquired enough funds from the CoinLoan ICO to start its operations. The platform is considered one of the safest crypto loan portals in the market.

In addition to being a crypto lending platform, CoinLoan is also a cryptocurrency exchange, allowing users to buy XRP using SEPA, SWIFT, MasterCard, Visa, and AdvCash, as well as Wire Transfers.

CoinLoan XRP interest rate with SLT stakingCoinLoan XRP interest rate with SLT staking

The standout feature of CoinLoan is the Interest account. It offers an interest rate of up to 7.2% on XRP, which is only slightly lower than Nexo which is the highest XRP interest platform at the time of writing. However, this interest rate is reserved for users who possess and stake CLT tokens. Storing XRP inside the CoinLoan Interest Account without CLT allows investors to earn 5.2% APY which is the standard rate.

Rewards increase with the number of CLT tokens held. To earn the additional 2% interest, users must have 2,500 CLT. As per CoinMarketCap, the current CLT price is $15.60. It means investors must hold CLT worth $3,900 to maximize their interest earnings from XRP. Interests are accrued and are paid to the account holders on the first day of every month.

CoinLoan platform and XRP balanceCoinLoan platform and XRP balance

Overall, CoinLoan is primarily a crypto lending platform that offers lucrative interest rates on XRP. It functions similar to Nexo in the way that investors must also hold a set number of the platform's native tokens to maximize their crypto earnings. That being said, the platform's accessibility is unparalleled, making it easy for newcomers to store their XRP and start earning interest.

CoinLoan Pros:
  • The platform is easy to use for newer investors
  • Fiat to crypto loans available for the borrowers
  • Investors can earn interest on XRP on flexible terms
  • No deposits and withdrawal fees
CoinLoan Cons:
  • Must hold CLT tokens to earn higher interest rates
  • Interest accounts are not safe from market volatility

4. YouHodler - Best XRP Interest Website For Ease of Use

YouHodler is a cryptocurrency exchange and lending platform offering users advanced trading tools and passive income-earning opportunities. The website is a member of the Crypto Valley Association and provides additional protection to users' investments through its Partnership with Ledger Vault which includes a $150 million crime insurance policy. The platform is well-known for its crypto loans that give users the option to use their crypto as collateral and obtain a loan in fiat. YouHodler provides the highest loan-to-value ratio (90%).

Perhaps the feature that stands out the most for YouHodler is crypto earn. It lets user part their crypto assets and earn up to 15.01% APY interest. Users can receive up to 6.5% APR interest on XRP. YouHodler compounds and pays interest rates weekly. Investors can start earning interest on XRP by depositing as low as $100 worth of Ripple to their accounts. There are no withdrawal fees. The interest accrued on XRP is paid out weekly and allows compounded interest to be earned. The YouHodler website states returns are guaranteed.

YouHodler earn interest with XRP in saving accountYouHodler earn interest with XRP in saving account

Furthermore, users can increase the interest they earn on XRP by using the Multi HODL and Turbocharge features. Multi HODL allows investors to actively participate in crypto trading by making small bets. The guaranteed profits can go up to 290%. YouHodler also claims Multi HODL is 50% less risky than the savings account.

YouHodler is an easy-to-use platform that provides many earning opportunities to investors. From crypto lending to crypto exchange to crypto savings accounts. Users only need to top up their YouHodler Wallet app with Ripple (XRP) and start earning crypto.

Compared to other platforms in this list, YouHodler provides a higher interest rate than Binance. Furthermore, investors don't need to stake native tokens to earn higher interest rates, unlike Nexo and CoinLoan. It has a good user interface and provides ample security. Considering these factors, it is one of the better XRP interest platforms in the market.

YouHodler Pros:
  • Up to 6.5% interest rates for depositing Ripple (XRP)
  • Simple and easy to use interface to deposit and withdraw
  • Offers advanced trading features to trade XRP
  • Provides good customer service
YouHodler Cons:
  • YouHodler is not available in the US
  • Must have at least $100 in the XRP savings account to start earning interest
  • Some concerns raised on the transparency of the platform

Top XRP Interest Platforms Compared

Here is the table comparing the best XRP interest platforms. These details will provide investors with brief insights into the portals listed in this guide. However, it is recommended that investors check out the dedicated reviews before depositing their XRP tokens.

ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
nexo logo


RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
Get $25 in Bitcoin when you top-up or buy >$100Visit NexoNexo Review

Binance Earn

RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
Up to $100 welcome bonusVisit Binance EarnBinance Earn Review


RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarEmpty Star
None available at this timeVisit YouHodler


RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarEmpty Star
None available at this timeVisit CoinLoanCoinLoan Review

Should You Earn Interest on XRP?

Earning interest on XRP is a good way to extract value from Ripple for investors who aren't fully committed to trading on the open market. While the income it provides is low, it is passive and continuous. Furthermore, earning interest in XRP is a better yield option than banks. Top interest accounts offer yields up to 8% per annum, whereas bank interest is very low at 1% interest in the savings account (or less).

Is Earning Interest on XRP Worth it?

Putting XRP in an interest-saving account allows users to diversity their crypto investments. Diversification helps with risk mitigation. It is especially critical in bear markets to offset any potential loss in the value of XRP. With returns between up to 8% APY on XRP, holding a portion of funds in a crypto interest earning website can lead to stable and long-term gains.

Trade XRP vs. Earn Interest on XRP

Trading XRP and earning interest are both optimal ways to earn potential profits. However, investors who don't want to participate in the market directly are better off earning interest on XRP. Such investors can store their Ripple tokens in crypto lending platforms that offer the best interest rates.

On the other end, trading XRP provides investors a way to earn higher rewards, particularly when using a crypto margin platform with high leverage. However, speculating on the price of XRP carries greater risks and is suitable for experienced and professional traders. For beginners, XRP interest exchanges are a safer option.

What Are The Risks of Earning Interest on XRP?

Crypto assets are volatile, regardless of how they are leveraged. Despite the safety the saving accounts provide, earning interest on XRP does involve risks. Lending platforms can change the interest rates at short notice, or without informing the investors. It has happened in the case of BlockFi as it changed the interest rate of holding Solana by 50% and only informed the investors after doing so.

Additionally, crypto lending platforms aren’t shielded from the trends of the cryptocurrency markets. In addition to reducing the interest rates, the platforms can also take severe steps such as blocking withdrawals to ensure that the platform is liquid.

Earning Interest on XRP – Full Guide

Here is the full guide explaining how to earn interest on XRP.

1. Compare and select an XRP interest account

Investors must first vet the crypto lending platforms and select one that fits their requirements. The factors that users must consider are security, locking period, APY, and history. Nexo has a proven track record of maintaining stability during bearish market conditions. Therefore, this tutorial explains how to earn interest on XRP on Nexo.

Nexo Earn websiteNexo Earn website

2. Create an account and complete the verification process

Visit the official Nexo website and start the registration process. It is a conventional procedure where the users must provide their details and upload the KYC documents. The rise of regulatory calls has made it necessary for the platforms to serve legitimate investors. Thus, people must upload a government-issued ID before they can store money inside the Nexo savings account.

Open an account with NexoOpen an account with Nexo

3. Deposit or purchase XRP

After creating the account, investors who already have XRP in their soft or hard crypto wallet can transfer their tokens to the Nexo account using the Crypto Transfer Utility. Otherwise, they can buy XRP on Nexo using the fiat method. If the investors are part of the loyalty tier and have at least 1% of their Nexo portfolio with NEXO token, they can get up to 0.5% cashback.

Top up XRP on NexoTop up XRP on Nexo

4. Begin earning interest on XRP

After the user has transferred or topped up their Nexo account with XRP, it starts accruing interest. There is no further action required. Although, it is recommended that users always monitor the interest rates and their current balance. Flexible term investors can withdraw their XRP rewards at any time. Fixed-term investors must wait for the 1-month locking period to be over before withdrawing their interest.

Frequently Asked Questions

There are only a limited number of crypto platforms that provide interest on XRP. The best ones among them are Nexo, Binance, CoinLoan, and YouHodler. These crypto lending platforms have received good reviews from investors and market watchers. That said, investors must first go through their detailed reviews before parking their XRP.

Yes, with a crypto interest account, investors can earn passive income with XRP. It gives access to draw a predictable income from an otherwise unpredictable asset. To start earning interest on XRP, investors can store their XRP tokens in a crypto savings account.

Nexo pays the highest interest on XRP with an APY of 8% at the time of writing. However, users must hold a certain amount of Nexo tokens to acquire this interest rate.

Yes, you can earn with XRP on Binance. However, the Annual Percentage Yield (APY) is low at 0.45% compared to other platforms which pay higher rates.


The platforms mentioned in these guides provide good interest rates to the investors and have other features that investors can choose to actively participate in the crypto economy. When it comes to which XRP interest platform to choose, it depends on how much risk an investor is willing to take. Earning interest on XRP using the trusted and reputable lending platforms above is less risky, but investors should still be cautious.

Therefore, before choosing a lending platform, the investors must carefully analyze the pros and cons of the available platform and then select it. Some might provide better interest rates but might have locked out the investors for a certain period. Others might offer lower interest rates but allow investors to cash out their rewards at any time. There is also a matter of security. Considering these factors is crucial, especially for those who are considering earning interest as a way to increase their long-term XRP gains. The benefit of these centralized platforms is they also have an exchange product. This means the investors can sell XRP and the interest accrued when the time is right.

Kevin GrovesKevin GrovesKevin Groves

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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