Yieldnodes Review: Is Yieldnodes Legitimate or a Scam?
You’re here because you want to know if Yieldnodes scams or legitimate investment opportunities. We’ll be reviewing Yieldnodes to examine its risks and other options. Yieldnodes allows you to invest your profits automatically 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. Moreover, you can choose to save the profits as available balance. This will reduce your risk of losing your money and return it to the base fund each month.
What is Yieldnodes?
Yieldnodes allows users to make monthly returns investing in cryptocurrency. It is easy to sign up and requires no prior experience with cryptocurrency. You can deposit money using Visa, Mastercard or bank wire. The platform then converts the funds to cryptocurrency and invests them.
YieldNodes provides excellent customer service. The staff is highly skilled and will promptly respond to any questions or queries. Yieldnodes can be reached via email, telephone, or live chat. Phishing websites posing as Yieldnodes are to be avoided.
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. You don’t need to make a deposit to view an audit, which is another great benefit.
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. It is best to only work with reputable brokers.
Risk
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. But before investing in this company, you should be aware of its risks and potential 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. This will allow them to earn more over time.
The Yieldnodes platform holds masternodes for fourteen different cryptos. The company pools its funds and creates a portfolio that includes masternodes for each of the 14 cryptocurrency. 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. The platform is a decentralized network that allows users to take part in governance and provide other exclusive services. They gain reward for their services in the form of 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. Their highly trained and flexible support team is ready to assist you and answer all your questions. You can reach them by phone, email or live chat.
How to Deposit
Yieldnodes is an investment service that promises big gains for its users. However, this service is not regulated and is not completely free of risks. Like any other investment platform, you should weigh the risks versus the rewards. 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. However, withdrawals are not allowed beyond the monthly limit. Your initial deposit is locked for six months. The compounded profit is also locked for that time. You can make an emergency withdrawal, but this will incur a 25% fee.
To deposit with Yieldnodes, sign up at the site and complete KYC. This process involves entering your personal information, consenting to the speculation arrangement, and setting up 2FA settings. 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.