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 amount of each month’s profit will be determined by the auto-compounding rate. Moreover, you can choose to save the profits as available balance. This feature will allow you to reduce the risk of losing your money while returning it to the base fund every month.
What is Yieldnodes?
Yieldnodes is an exchange platform that allows people to earn monthly returns by investing in cryptocurrency. The platform is free to join and does not require any prior cryptocurrency experience. 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. Its highly trained and experienced staff members will respond promptly to any queries or questions you have. Yieldnodes can be reached via email, telephone, or live chat. You should be aware of phishing websites that pose as Yieldnodes.
Yieldnodes was founded in February 2019 and has a team of 50+ employees. Their executives are located on the company’s homepage half-way down. Their contact information is located on the left menu bar at the bottom of this page. A complete audit of Yieldnodes can be viewed by visiting 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. In addition, you can withdraw your monthly ROI by the seventh day of each month.
It is important to do your research before you invest. 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.
Yieldnodes is a cryptocurrency exchange. It is currently experimental and not regulated. 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 has no support for multiple accounts and a minimum investment term of six months. Users commit to staking their funds in a pool and receive monthly yields in Bitcoin. Afterwards, they can withdraw their funds, or leave them invested to compound. In this way, they can earn more income over time.
Yieldnodes holds masternodes of fourteen different cryptos. The company pools funds and sets up a portfolio with masternodes of each of the 14 cryptocurrencies. They also apply secret sauce to their masternodes. The Yieldnodes team promotes cryptocurrency as a realistic alternative to traditional fiat currencies.
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 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. However, withdrawals are not allowed beyond the monthly limit. Your initial deposit is locked for six months. Your compounded profits are also locked during that period. 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. You will need to enter your personal information and consent to the speculation agreement. 2FA settings can also be set up. You can login to your Transak account if you’re already a Transak user. Otherwise, you can start the KYC process from scratch.