Thursday, 2 January 2020

How, Where To Stake XRP? Is It Profitable?

By Deya Hroob

xrp staking


The popularity of staking is growing nowadays. You can easily stake various coins in different exchanges such as Binance and Bitrue.

What is Staking?

It is the process of holding a coin to receive rewards. Your funds are frozen and for this, you receive passive income in the form of interest. The staking profit depends on the chosen coin.

Where To Stake XRP?


 You can stake XRP in Bitrue exchange. There are two ways to stake XRP in Bitrue exchange. 
 
  1. Hold XRP and earn Interest Rate: 5.3%. Once participated, you will be able to receive your coin interest every day, until you opt out. Holders will earn XRP at 5.3 annual interest as a reward. For every 10,000 XRP put into the program, you will earn 1.45 XRP per day.

Your coins will not be locked so you can opt out anytime you want. Minimum amount to join is 10 XRP



2.  Hold XRP for 30 days and earn Interest Rate: 10.2%. You must hold at least 4,000 BTR to participate in this program. (the native asset on the Bitrue exchange ).

 Holders will earn XRP at a 10.2% annual interest rate as a reward. For every 10,000 XRP put into the program, you will earn 83.8356 XRP totally. Your funds will not be locked so you can opt out anytime you want. Minimum amount to join is 500 XRP.

Is Staking Profitable? 

  As for profits, the actual profits you can make from staking will depend on how much you vest and for how long. The more you stake, the more you can make in profit with staking.

 



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