As the world has suddenly moved into an economic crisis, XRP investors are searching for ways to earn daily interest on their XRP funds. Many of these users may be holding these XRP while others could be using them for other purposes. But what’s better than having our funds work for us at all times?
In the next sections, we will share with you how to earn daily interest on your Ripple’s XRP. You will increase your XRP funds on a daily basis and help you save some funds in just a few single steps.
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If you want to get XRP passive income, you will have to create an account on the Binance exchange. This platform is the one that would help you get XRP passive income and earning daily interest on your XRP funds.
The company is offering the Binance Savings option that would help you get XRP passive income and increase your funds over time. This is certainly useful for individuals following the “hodling” strategy.
At the time of writing, you can deposit your XRP and start getting interest on them with the flexible deposit option. That means that you can deposit your funds and have them available with the interest earned at any moment you decide.
You will not have to wait long periods of time to get your XRP back. You can keep them for as long as two days and as much as you’d like. Currently, the interest rate is 1.25% annually on the XRP funds you have. This is much more than traditional fiat currency deposits, which makes it very attractive for an asset that has a limited and decreasing supply.
In order to get XRP passive income, we will have to deposit some XRP into the exchange. This is why you will have to create an account. If you already have a Binance account, you can move forward with the guide.
Go to Binance’s official site. You need to be sure that the Binance account is the official one. There are many phishing sites that are stealing users’ funds by using Binance credentials. This is why you can enter the Binance exchange by using the official link.
You need to create a free account. You will not have to pay for keeping your account open, so don’t be worried if you don’t use it later. At the same time, Binance protects users’ data and information. If you want to open an account, you will have to select “Register” on the upper right side of the screen.
Insert all the information they ask for and once the account will be created, you will have to confirm and validate your account through an email the company will send to you. Once you have done that, you will be able to deposit some XRP on this platform to get a daily interest on your funds.
Once you created your account, you will have to go to Wallet and then click on Spot Wallet (Deposit & Withdraw). You can see the section we are making reference to in the image below:
You will have to search in the Search Coin option, the XRP cryptocurrency. Thus, you will only need to write XRP there and the coin will appear. The whole system is very intuitive.
This is where you will have to click on Deposit and send the funds from your XRP wallet or another exchange. Once the funds will be deposited, we will have the possibility to add them to our savings and get daily interest on our XRP funds.
Now that you have deposited XRP on your Binance account, you will be able to start earning daily interest on your XRP funds. You will have to open the Earn section and click on Savings – Deposit crypto and earn rewards.
You will be able to select the Flexible option here. You can subscribe your XRP for a yearly interest rate of 1.25%. One of the highest at the moment offered by cryptocurrencies in the platform.
The Auto-Subscribe option will allow you to earn compound rewards to your XRP funds. If you deposited funds and you have already earned some XRP, the funds will be added to your initial investment automatically.
Binance will ask you to accept the Binance Savings Service Agreement and you will be able to start earning rewards on your XRP. This is the easiest and fastest way to start earning XRP passive income.
Please, consider a donation to the writer of this article. If you liked the guide and you want to collaborate in these difficult times, you can show it by sending a tip to these addresses:
XRP: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh DEPOSIT TAG 104800601