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Sep 18, 2023
Everything You Need to Know About Ripple XRP Staking
4 Minute Read
· Written by Adam Campbell
Ripple XRP cannot be staked due to its non-proof-of-stake consensus mechanism.
Instead of staking, users can earn rewards by lending or locking XRP on centralized exchanges.
Lending differs from staking; it involves providing a loan of crypto assets without contributing to network security.
Rewards for lending XRP are available on platforms like Binance, Nexo, and Crypto.com.
Risks of lending include counterparty risk and protocol security risks, and careful platform selection is crucial.
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