First interest payout from crypto.com on my XRP deposit

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It has been over a week since I joined crypto.com. I was introduced by @underground where I used his referral link and received 50$ as my joining gift. I have staked 1000 CRO tokens and in addition to that I have also invested other tokens as well for some profit.

Like I mentioned in my previous article the main option that attracted me towards crypt.com was the fact that they give interests for some of the coins they support. The interest rated differ from one coin to another. This was actually on list for a long time to move my assets from crypto exchanges to some reliable place where I can gain some profit for holding them instead of holding them on exchanges without having any benefits.

My first interest payout for XRP

Not much but even a little is nice right. Around 3 years back there was a huge FOMO about XRP and everyone in the world was buying XRP. Those are the days where I had no big knowledge about crypto. All I saw was many new projects and especially banking sector adopting XRP as their payment mechanism. I found it very interesting and I also wanted to be a part of that project by holding some XRP. Many friends also insisted about it.

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Due to the FOMO the price was continuously increasing and someone told that price of XRP would easily reach 50$. I didn't know what to do or where to research but I purchased around 800 XRP for about 2$. I guess that was the peak value it touched and unfortunately that was my bought price. I then rounded it up to 1000 XRP later. We still had lots of hopes and wanted to hodl which is what I'm doing now. But unfortunately the price as gone as low as 25 cents.

I have no other hope than just holding them for long term. Many people say that it is a bad idea but I don't want to give up on holding it as it is still one of the top traded Cryptocurrencies in the market. I also see some good news about the token now and then. Though it may not have any direct impact on the project, it is good to see something happening at least.

So, that's my story about XRP and after getting introduced to crypto.com, I wanted to make use of the Earn feature they give where they give interest rates for depositing. They basically give three plans.

  • Flexible
  • 1 month
  • 3 months

The interest we get from there is dependent on the coin we deposit and the amount of CRO tokens we have staked and the plan we choose. Depositing CRO tokens gives the maximum benefit of 18% and for other coins it is a little less. In my case I guess I get around 4.5% for depositing with a 3 month plan. Today o got my first interest credited and it was done in XRP. Anyway I'm happy with what I get because if I keep it in exchange or wallet I get nothing. So here something is better than nothing.

If you wish to earn 50$ for joining Crypto.com, feel free to use my referral code.

My Referral Code: m26ma2crrf


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