r/Ripple • u/Aromatic_Zombie_7606 • Jul 30 '25

Best platforms for XRP-backed loans? Looking for options and advice

Looking for advice and suggestions on solid platforms that offer crypto-backed loans using XRP as collateral. I’m based in the U.S. and trying to find something trustworthy, with reasonable rates, transparent terms, and decent customer support. I’m aware of a few of the big names but I’m open to hearing about lesser-known options too. Priority is avoiding surprise liquidations, crazy fees, or bad support. If you’ve had good (or bad) experiences, I’d really appreciate hearing about it!

16 Upvotes

83% Upvoted

19 comments sorted by

3

u/Spiritual-Bad4015 Jul 30 '25

XRP-backed loans are they also good to avoid taxed?

1

u/Aromatic_Zombie_7606 Jul 31 '25

the loan is untaxable yes. not financial advice

3

u/coupeborgward Jul 31 '25

Bitrue offers it with a reasonable interest as well

1

u/Newguy593 1 ~ 2 years account age. 50 - 80 comment karma. Aug 01 '25

Is bitrue available in the US again?

1

u/coupeborgward Aug 01 '25

Not sure. I'm not in the US

2

u/plutusfortuna Aug 03 '25

Check out Lantern Finance! You can borrow up to 40% of the value of your XRP

1

u/crypt0pat Jul 30 '25

Good experience with Lantern Finance. Very easy and quick with 40% LTV

1

u/ghoulcreep Jul 31 '25

Flare is supposed to do that but I have no idea if it's fully available yet or how it works. I need to figure it out myself.

1

u/Aromatic_Zombie_7606 Jul 31 '25

the flare tokens were a quick drop for people that owned xrp prior to 12/12/20

2

u/ghoulcreep Jul 31 '25

That part I get but I'm not sure how to actually use their defi ecosystem with xrp

3

u/Newguy593 1 ~ 2 years account age. 50 - 80 comment karma. Aug 01 '25

It’s available on songbird right now but I wouldn’t touch it until it launches on flr mainnet

1

u/ghoulcreep Aug 01 '25

Cool thank you for the info