Ripple (XRP) ranks as the 7th largest cryptocurrency by market capitalization on CoinMarketCap. Developed in 2012 by Jed McCaleb and David Schwartz, XRP serves as the native currency for the XRP Ledger—a permissionless, open-source blockchain known for its low-cost, scalable, fast, and carbon-neutral transactions.
The XRP Ledger supports diverse applications, including:
- Cross-border payments
- Asset tokenization
- DeFi protocols
- CBDC and stablecoin development
- NFT projects (currently under development)
While XRP doesn’t use a proof-of-stake (PoS) consensus mechanism, many platforms offer alternative ways to earn passive income with XRP holdings. Here’s a detailed breakdown of your options.
Can You Stake XRP on Coinbase?
No. Coinbase suspended XRP trading following the SEC lawsuit and currently excludes it from its staking program, which supports 6 other cryptocurrencies. Future staking opportunities depend on regulatory clarity.
👉 Explore Coinbase alternatives for XRP
Can You Stake XRP on Binance?
Yes—via flexible savings. Binance offers:
- 0.45% APY on XRP savings (variable rates)
- Support for 100+ stakable assets
- Direct integration with Binance wallets
Rewards fluctuate; check Binance’s staking dashboard for updates.
Can You Stake XRP on Ledger?
No. Ledger hardware wallets only support PoS coins for staking. XRP remains excluded from their supported assets list.
Can You Stake XRP on Uphold?
No. Uphold’s staking service covers 13+ cryptocurrencies but not XRP. Users can earn up to 25% APY on supported assets like Ethereum and Polkadot.
How to Earn Passive Income with XRP
Since XRP isn’t PoS-based, these are your primary options:
Lending Platforms
- Nexo, Crypto.com, and Binance offer interest-bearing accounts (0.5%–8% APY).
- Funds are lent to borrowers or used for liquidity.
Decentralized Finance (DeFi)
- Provide XRP as collateral on DeFi protocols (requires compatible wallets like XUMM).
Exchange-Based Savings
- Binance’s flexible savings is the most accessible method.
⚠️ Risk Note: Lending involves third-party custody. Prioritize platforms with strong security and transparency.
FAQs
1. Why can’t I stake XRP directly?
XRP uses a consensus protocol (not PoS), so native staking isn’t supported. Earnings come from lending or liquidity provisions.
2. Which platform offers the highest XRP interest rates?
Nexo and Crypto.com occasionally promote rates up to 8% APY, but Binance’s 0.45% is the most stable.
👉 Compare XRP savings rates today
3. Is staking XRP safe?
Platforms like Binance and Ledger (for storage) are reputable, but always audit terms and insure assets where possible.
4. Will XRP staking become available in the future?
If the XRP Ledger adopts PoS upgrades, staking may launch—follow Ripple’s official announcements.
Key Takeaways
- No native staking: XRP’s design prevents direct staking.
- Lending alternatives: Use Binance, Nexo, or DeFi for passive income.
- Security first: Verify platform credibility before depositing XRP.
For real-time updates on XRP opportunities, bookmark this guide and revisit quarterly!
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