5 Ways You Can ‘Stake’ XRP

Last updated on January 28th, 2022You’ve just bought some XRP tokens and may be looking to stake them to earn more XRP. However, XRP is not a Proof of Stake token, so you technically aren’t able to stake XRP tokens to earn rewards! Instead, there are some platforms that allow you to lend out your XRP tokens to earn interest instead. Contents1 How to stake XRP2 Celsius3 Nexo4 Crypto.com5 Binance Earn6 AAX7 Conclusion How to stake XRP Here are 5 ways you can stake your XRP tokens: Celsius Nexo Crypto.com Binance Earn AAX This is a summary of all of the methods, Platform MinimumDeposit Lock-In Period Celsius None Flexible Nexo None Flexible Crypto.com 450 XRP Flexible, 1 / 3 months Binance 0.1 XRP Flexible AAX 200 XRP Flexible, 7 / 14 / 30 days and here is each method explained in-depth: Celsius Celsius was founded in 2017 and is headquartered in New York. Here’s how you can start earning interest on this platform: Go to ‘Menu → Transfer’ on Celsius When you’re on the Celsius app, you would need to go to the Celsius menu and tap on ‘Transfer‘. Select XRP from the dropdown menu When you’re on this screen, … Continue reading 5 Ways You Can ‘Stake’ XRP