From now on you will receive XRP returns on BLOX! Through the new BLOX lending program, you can now temporarily earn 10% if you own Ripple crypto. This return is calculated over an entire year, but is paid out every Monday. It’s time to dive deep, because what’s going on and how does it work?
Start borrowing ➜
This way you get a 10% return on XRP
Start lending XRP now and earn from it Monday November 13 to Sunday November 26, 2023 up to 10% (annual percentage return) on your XRP assets!* After the promotional period, your XRP loan will continue according to the loan conditions, but the market-based return percentage will be applied.
1. Do you already have a BLOX account? So you can skip this part. Don’t have a BLOX yet? Then go to the App Store or Google Play on your mobile phone or tablet and search for BLOX. Download the app and create an account.
two. The second step is that you must have XRP. Do you already have XRP on BLOX? Great, then you can skip this step. If you don’t have XRP in your locker on BLOX yet, you can do two things:
- You can buy XRP on BLOX. This is simple: select XRP and click the big yellow ‘Buy’ button.
- It may also be that you have XRP elsewhere, but don’t want to miss that temporary 10% annual return. Then send your XRP to BLOX. You do this by opening BLOX and going to your safe. Select the ‘Crypto deposit’ option.
3. Then select XRP and select the exchange or wallet where you currently have your coins. Follow the instructions.
We continue with the explanation below the video, but why read when you hear Axel’s warm voice?
Enable loans on BLOX
Do you have XRP in your BLOX vault? Go to Win and read the Statement and Risks carefully. You will end up in the loan menu.
In the borrowing menu you will see all the coins you have and can borrow. You can activate or deactivate the loan at any time and per currency.
Once you activate Lending for XRP, your coins will be loaned out. In return, you will temporarily receive 10% of XRP.
Start borrowing ➜
You can access your coins at any time
Do you lend your XRP via BLOX? Then you can continue trading your coins. That is the big advantage of crypto and BLOX Lending. You are not committed to anything and still retain your flexibility.
An example: Suppose you borrow 10 XRP to get a return, but want to sell 1 XRP a day later. No problem, you simply sell 1 XRP and the loan amount is adjusted to 9 Ripple!
Do you know more? Read more about the conditions and risks of BLOX Lending here. *Read the conditions of the temporary increase here.
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
