Ripple (XRP) ranks as the 7th largest cryptocurrency by market cap, according to CoinMarketCap. Launched in 2012, XRP serves as the native token of the XRP Ledger—a decentralized, open-source blockchain renowned for its scalability, low fees, and carbon-neutral operations. While XRP isn’t a proof-of-stake (PoS) asset, some platforms offer interest-earning opportunities through flexible savings or lending programs. Below, we explore where you can stake or earn passive income with XRP.
Can You Stake XRP on Coinbase?
Coinbase supports staking for select cryptocurrencies but does not currently offer XRP staking. Trading of XRP was suspended following the SEC lawsuit against Ripple Labs. Until regulatory clarity emerges, XRP remains unavailable for staking or trading on Coinbase.
Key Points:
- Coinbase lists 6 stakable cryptocurrencies (e.g., Ethereum, Solana).
- XRP trading and staking are paused indefinitely.
Can You Stake XRP on Binance?
Binance provides flexible savings options for XRP, allowing holders to earn interest. While direct staking isn’t possible due to XRP’s consensus mechanism, Binance offers:
- 0.45% APY on flexible XRP savings.
- No lock-up periods; rewards accrue daily.
How to Start:
- Navigate to Binance’s "Earn" section.
- Choose "Flexible Savings" and select XRP.
👉 Maximize your XRP earnings with Binance’s savings tools
Is XRP Staking Available on Uphold or Ledger?
Uphold
Uphold supports staking for 13+ cryptocurrencies but excludes XRP. Users can earn up to 25% APY on supported assets like Polkadot (DOT) and Tezos (XTZ).
Ledger
Ledger hardware wallets do not support XRP staking, as they only facilitate PoS coins (e.g., Cardano, Algorand). XRP holders can securely store tokens but cannot stake them via Ledger Live.
How to Earn Passive Income with XRP
Since XRP isn’t a PoS token, platforms like Nexo, Crypto.com, and Binance enable earnings through:
- Lending Programs: Lend XRP to institutional borrowers.
- Liquidity Pools: Contribute to decentralized finance (DeFi) protocols (though options are limited for XRP).
Risks to Consider:
- Counterparty risk when lending.
- Platform security and reputation.
👉 Explore secure XRP lending platforms
FAQs About Staking XRP
1. Why can’t I stake XRP directly?
XRP uses a consensus protocol (not PoS), making traditional staking impossible. Earnings come via lending or savings programs.
2. Which platform offers the highest APY for XRP?
APYs vary: Binance (0.45%), Nexo (up to 8%), Crypto.com (variable rates).
3. Is staking XRP safe?
Only on reputable platforms. Avoid unverified third-party services.
4. Will XRP staking become available in the future?
If XRP transitions to PoS (unlikely soon), staking may emerge.
5. Can I stake XRP in a cold wallet?
No. Cold wallets (e.g., Ledger) only support storage, not staking.
Conclusion
While you can’t stake XRP natively, platforms like Binance and Nexo offer alternative ways to earn interest. Always prioritize security and research before committing funds. For updates on XRP’s regulatory status and earning opportunities, follow trusted crypto analysts.