Binance Simple Earn — XRP

General information for everyone, not personal advice. We are never paid by the products we grade and take no commission on deposits. A risk grade is not a credit rating or a recommendation.

• -25 The exchange holds the keys (Binance (the exchange)). If it fails or freezes withdrawals, you wait in line with its other customers.

The facts

Rate

0.04% a year (the exchange's published flexible rate (it can change at any time))

Size

$169.5B (the exchange's total on-chain reserves (DefiLlama), not this product)

Lockup

None (flexible).

Getting your money out

Redeem any time, usually within minutes, back to your exchange balance.

Who holds the keys

An exchange: Binance (the exchange)

Chain

Exchange account

Bridge

None

Age

Since Jul 14, 2017

Audits

Not applicable

Availability

Binance.com is not available to US residents (Binance.US is a separate company).

Data source

Binance public rate endpoint · read Oct 16, 17:55 UTC

• The exchange lends your coins to its margin traders or uses them elsewhere; how is not published per product.

Product site: www.binance.com (no referral code; we earn nothing if you use it)

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