Learn different methods for earning Ripple such as interest from XRP deposits and choose the best site to earn Ripple

Best Platforms to Earn Ripple


What is Ripple Cryptocurrency?

Ripple is one of the best performing cryptocurrencies on the market. It differs from many cryptocurrencies in that XRP, the currency of Ripple is entirely mined by Ripple labs rather than a community. Ripple is a solid investment with plenty of promise which has some people asking how to earn XRP.

How to Earn Ripple

There are a variety of methods that provide an opportunity to earn Ripple by working for it. These include:

  • Affiliate/Referral Programs: There are plenty of companies involved in businesses related to Ripple and other cryptocurrencies. Many of them have affiliate or referral programs that offer commissions for bringing customers to their site. Commissions may be paid in XRP or other cryptocurrencies. These types of programs are also a good way to earn Bitcoin.
  • Freelancing: Some online companies will pay salaries of employees in Ripple and other cryptocurrencies rather than using fiat money. Those freelancing on the side may opt to take their salary in XRP

Earn Free Ripple

Working at a job to earn Ripple is all well and good, but what if you want to pick up some Ripple in your spare time. It is possible to get free Ripple coins without having to work at it full time, which will be discussed in the next section.

How to Earn Free Ripple Coin

There are several different ways how to earn a free Ripple coin that takes very little effort. Some of the methods you may want to consider include:

  • Faucets: Crypto faucets have users complete a variety of tasks that include playing games, watching videos, answering surveys, and completing captchas. In return for completing these tasks, users receive a small amount of Ripple. XRP isn’t the only cryptocurrency you can get from faucets. You can also earn Ethereum and many other cryptos using the same method.
  • Micro Earnings: This is a concept that was lifted from faucets and works in the same way. Members of a micro earnings site complete tasks and are rewarded with XRP and other cryptocurrencies.
  • Airdrops: Ripple airdrops are promotional events where anybody who already owns some Ripple has a chance to pick up some free XRP. The only requirement is to have some Ripple in your wallet. Airdrops are random with no way of knowing when one will occur so it may behoove you to keep a small amount of XRP in your wallet just in case.

Earn XRP

A good way to earn XRP is by having a Ripple account on a crypto lending site. The way this works is that investors/lenders make a Ripple deposit to the platform for which they will earn interest. The platform loans these deposits to borrowers who secure the loan with collateral which ensures the lender’s deposit is safe in the event the borrower defaults. The platform manages all the details and once an investor has made their deposit they will earn XRP until they withdraw their funds.

BlockFi

BlockFi is a crypto lending platform based in New Jersey and launched in 2017. They offer interest earning crypto accounts as well as crypto backed loans. If you read our full BlockFi review you will see that their site doesn’t handle XRP. However, they do provide interest earning accounts for Bitcoin, Ethereum, Litecoin, PAX, USDT, GUSD, PAXG and USDC. They also provide crypto backed loans with Bitcoin, Ethereum, Litecoin, and PAXG being the cryptocurrencies accepted as collateral.

YouHodler

YouHodler is a Swiss crypto loan platform founded in 2019. They provide interest earning accounts for Ripple and 21 other cryptocurrencies on their site. The interest rate for Ripple accounts is currently 4.5% APY. In order to open an account, a minimum deposit of $100 is required. YouHodler accounts have no monthly fees. The site also offers crypto backed loans in Euros, GBP, Swiss Francs, US dollars, USDT, and Bitcoin. Loans may be secured using Ripple and 17 other cryptocurrencies as collateral.

CoinLoan

CoinLoan is located in Estonia and provides a nice variety of crypto interest earning accounts and cryptocurrency backed loans. This crypto lending platform got its start in 2016 and offers some of the best interest rates on crypto as long as you stake the CoinLoan Token. With staking the interest rate on Ripple accounts is 7.2%. Without staking that rate falls to 5.2% which is still not bad. The minimum required deposit to open an account is €100 and there are no fees to bother with. Crypto backed loans are also available but XRP is not accepted as collateral nor is it one of the cryptocurrencies which are loaned.

How to Make Money with Ripple

Many investors feel the best way to make money with Ripple is through trading. Although Ripple isn’t as volatile as some of the other cryptocurrencies it still sees enough movement so that a skilled trader can do quite well as it changes in value. Ripple and Bitcoin trading may see multiple trades made in a very short time as the market fluctuates. There is the possibility for some big returns but there is some risk involved as well. There are a lot of good cryptocurrency exchanges traders can use. The best exchange for XRP will depend on your specific needs but Binance and Kraken are a good place to start.

Frequently Asked Questions

1. How can Ripple be earned?

Only Ripple Labs can mine XRP but there are plenty of other ways to earn Ripple. These include lending your Ripple assets to earn interest, trading Ripple to earn from changes in the market, completing tasks for faucets and micro earnings sites, and participating in Ripple related affiliate programs.

2. What is the fastest way to earn Ripple?

The two fastest ways to earn Ripple are by trading or lending Ripple assets. Ripple trading has the potential for big returns fast but is riskier. When depositing to a Ripple lending site, XRP deposits start earning interest immediately and are secured by cryptocurrency collateral.