Yieldnodes Review: Is Yieldnodes Legitimate or a Scam?
If you have been wondering if Yieldnodes is a scam or legit investment opportunity, you’ve come to the right place. We’ll be reviewing Yieldnodes to examine its risks and other options. Yieldnodes is an online investment tool that allows you to automatically invest your profits into the base fund. It has auto-compounding, automatic reinvestment and other features. The auto-compounding rate will determine the amount of profit that is reinvested each month. You can also choose to keep the profit as a balance. This feature will allow you to reduce the risk of losing your money while returning it to the base fund every month.
What are Yieldnodes?
Yieldnodes allows users to make monthly returns investing in cryptocurrency. It is easy to sign up and requires no prior experience with cryptocurrency. Users can deposit money via Visa, Mastercard, or bank wire. The platform converts the funds into cryptocurrency and invests them.
YieldNodes offers an excellent customer service. The staff is highly skilled and will promptly respond to any questions or queries. You can contact the Yieldnodes team via email, phone, or live chat. You should be aware of phishing websites that pose as Yieldnodes.
Yieldnodes was established in February 2019, and now has 50+ employees. Their executives are located on the company’s homepage half-way down. You can find their contact information on the left menu bar near the bottom of the page. You can also see a full audit of Yieldnodes by viewing their public profiles. Another great advantage is that you don’t have to deposit anything to view the audit.
Is it legal?
Yieldnodes, as the name implies, is an online cryptocurrency investing site that allows you to invest and receive a monthly return. The site accepts a number of payment methods, including Bitcoin, Visa, MasterCard, and bank wire. Once you deposit funds, the company will convert them to cryptocurrency and invest them in masternodes for you. You can also withdraw your monthly ROI within seven days of each month.
However, before investing, it is recommended to perform thorough due diligence. While Yieldnodes may seem like a great investment opportunity, you shouldn’t invest with an unregulated company – especially one that is located overseas. In addition, it is always best to stick to reputable brokers.
Risques
Yieldnodes is a cryptocurrency exchange. It is currently experimental and unregulated. The Yieldnodes website has real pictures of the team and the company has announced that it will celebrate its third anniversary in October. However, before you invest in this company, it is important to be aware of the potential risks and pitfalls.
Yieldnodes does not support multiple accounts. It also requires a minimum six-month investment term. Users commit to staking their funds in a pool and receive monthly yields in Bitcoin. They can either withdraw their funds or invest them to compound. In this way, they can earn more income over time.
The Yieldnodes platform holds masternodes for fourteen different cryptos. The company pools funds and sets up a portfolio with masternodes of each of the 14 cryptocurrencies. Their masternodes are also protected by secret sauce. The Yieldnodes team promotes cryptocurrency as a realistic alternative to traditional fiat currencies.
Alternatives
YieldNodes is an alternative to DeFi platforms for those who are interested in making revenue. This decentralized network platform allows its users to participate in governance and other exclusive services. Their services are paid in fees. While it’s not a mining platform, nodes are essential to the ecosystem and are a lucrative way to contribute crypto.
Yieldnodes offers fast and efficient customer service. The support team at Yieldnodes is highly skilled and flexible and ready to help you with any questions. You can reach them by phone, email or live chat.
How do I deposit?
Yieldnodes promises huge gains to its users as an investment service. However, this service is not regulated and is not completely free of risks. As with any investment platform, it is important to weigh the risks and the benefits. Yieldnodes’ positive attributes include its transparent business model, friendly customer service, and many other positive features.
It is simple to use and allows users to deposit and withdraw funds at will. Withdrawals, however, are only allowed monthly. The initial deposit is secured for six months. Your compounded profits are also locked during that period. However, you can choose to make emergency withdrawals, subject to a 25% fee.
To deposit with Yieldnodes, sign up at the site and complete KYC. You will need to enter your personal information and consent to the speculation agreement. 2FA settings can also be set up. If you are a current Transak user, you can use your existing account to login. You can also start the KYC process by creating a new account.