The eventful week continues as YouHodler announces yet another coin to its savings accounts. Starting right now, users can earn 4.5% APR on Ripple (XRP) deposits. This is a great way to earn a passive income on one of the most popular cryptocurrencies. To activate those savings even further, users can also take advantage of innovative YouHodler features likes Turbocharge and MultiHODL
As the third most popular cryptocurrency by market cap, Ripple (XRP) is widely regarded as a smart addition to any portfolio. Due to its lightning-fast transaction speed and solid relationship with global banks, some believe XRP to exhibit some of the most tangible use cases in the modern crypto world. Hence, it may be a good idea to HODL this crypto or better yet, make it work for you with YouHodler savings accounts. With traditional banks having interest rates at zero or less in some cases, earning 4.5% of passive profit per year is an attractive offer for many looking to make their crypto work for them in a stable manner.
To earn XRP on YouHodler, just follow these three simple steps:
Step 1: Deposit XRP or fiat
After signing up and verifying your ID, deposit XRP to your personal XRP savings account. If you do not have XRP yet, you can deposit USD, EUR, CHF or GBP to the platform and use that to buy XRP as well.
Step 2: Earn crypto interest
Once XRP enters the savings account, the first monthly payment period initiates.
Step 3: Watch your XRP grow.
Monitor your XRP’s growth on a daily basis by checking the "Earned" counter. At the end of each month, the earned amount will be deposited into your Savings Account.
While 4.5% is a far better interest rate than the majority of banks right now, you can boost your rates even higher using YouHodler’s innovative features. Turbocharge is a straight forward and fast solution to maximize your earnings during a bull run. Simply choose XRP as collateral and then decided how many loans to choose in the chain. Then, just wait for the best market conditions and watch your crypto earnings take off.
MultiHODL, on the other hand, allows users more options in terms of profit. With a sliding risk/profit button, users can actually set their own level of risk. Furthermore, the “up” and “down” buttons allow users to navigate the crypto market in both bull and bear markets and potentially profit off every movement. Both of these tools will ignite your XRP assets from passive earnings to active ones.