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. In this Yieldnodes review, we’ll examine its features, risks, and alternatives. Yieldnodes allows you to invest your profits automatically into the base fund. Its features include auto-compounding and automatic reinvestment. 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 will reduce your risk of losing your money and return it to the base fund each 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. You can deposit money using Visa, Mastercard or bank wire. The platform then converts the funds to 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. 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 Legit?
Yieldnodes, as the name implies, is an online cryptocurrency investing site that allows you to invest and receive a monthly return. You can pay with Bitcoin, Visa, MasterCard or bank wire. The company will convert your funds to cryptocurrency once you have made a deposit. They will then invest them in masternodes. 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, a cryptocurrency exchange. It is currently experimental and unregulated. Yieldnodes has photos of the team on its website. The company also announced that it would be celebrating 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. This will allow them to earn more 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 believes cryptocurrency is a real alternative to 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. Although it is not a mining platform but nodes are vital to the ecosystem. They are also a lucrative way for crypto contributors.
Yieldnodes provides fast, 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.
The platform is easy to use, and users can deposit and withdraw funds as needed. However, withdrawals are not allowed beyond the monthly limit. The initial deposit is secured for six months. The compounded profit is also locked for that time. However, you can choose to make emergency withdrawals, subject to a 25% fee.
Sign up on the Yieldnodes site to deposit 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.