Are you looking to learn more about Yieldnodes?
You’ve come to the right place.
In this complete Yieldnodes review, we take a deeper look into the platform and reveal everything you need to know before you get started.
Earning a passive income has never been easier with cryptocurrencies. With the introduction of DEFI and yield farming, things have only improved.
Unlike most platforms, Yield Nodes is not involved in trading and other activities. It instead relies on what they call masternoding.
Is YieldNodes a ponzi scheme or are they legit? Read on to find out.
YieldNodes Review – How It Works
Yieldnodes aims to generate a profit with masternodes, which are considered the ‘heart and soul’ of blockchain networks. The platform essentially creates and rents out servers for various projects (not limited to cryptos).
A master node is like a server that’s helping transactions go through. For every block that’s successful in the blockchain, the masternode earns a fee/reward.
This continues to accrue over time and the more the blockchain/nodes are used, the higher the monthly yields as more transactions are validated.
These nodes validate the transactions using the proof-of-stake mechanism which is more environment-friendly as opposed to Bitcoin’s proof-of-work.
The popular node rental program does monthly reporting and shares the statistics inside the Yieldnodes dashboard. Their email newsletter does a good job of providing updates, recent developments and news.
The company keeps a small share of the profits which is totally separate from the monthly yields that you’ll earn. The platform makes anywhere between 6 to 10 percent monthly yields which translates to nearly 100% returns in an year.
As a node validator, the more the network(s) are used, the more you will earn.
Does This Entail Risks?
As with all investment platforms, this does have some risks. Cryptocurrencies are a risky asset class and you need to have a slightly high risk tolerance.
Even though it’s a non-trading platform, there still is a risk of you losing your money. You have to look at the risk-reward ratio and do your due diligence before you decide to invest in any platform/project.
You should also never invest more than what you can afford to lose.
How to Deposit in Yieldnodes
Bear in mind the minimum deposit is 500 euros and not dollars. That’s the minimum they ask for for setting up a masternode using your money.
If you are wondering, there’s no ongoing fee or price for making a deposit.
You can choose to deposit less if you wanted to but it won’t be used to set up a master node untill you meet the minimum threshold of 500 euros.
The maximum as per the website is 250,000 euros above which you’re suggested to contact support. You still can compound if your account grows beyond this figure and you certainly can be a Yieldnodes millionaire!
Also, once you deposit, your deposit will stay on idle mode for 7 days. As per Yieldnodes, this time is taken to set up new servers and get you up and running with the platform.
Once the waiting period elapses, your account balance will move from pending to masternoded state. To test the waters, my initial deposit was 701 dollars that I paid with Tether (USDT).
Fast forward to May, my initial deposits have grown over time, and the yields are as stable as they get – they range between 7 to 10 percent (per month).
On the 1st of every month, you receive an email with your active masternoded balances and profits for the month.
Is Yield Nodes Sustainable
This is a question that comes in naturally if you’ve just heard of the platform. That brings us another question – How long will Yield Nodes last?
The node rental program has been going strong for more than 3 years (as of this writing). It has survived the crypto bear market and has, in fact, thrived.
The lone fact that it has survived not only the cryptocurrency bear market but also the covid crash says a lot about this platform.
However, it’s still in your best interest to be skeptical. This is one reason why I opted to only deposit 701 dollars on my first go.
It’s worth noting the initial gets locked for 6 months (just like it would be in validator nodes), after which you’re free to cancel the contract any time.
You can withdraw your profits anytime but they say it’s best to send a withdrawal request before the 15th of every month.
They take this time to dissolve master nodes and servers and then aim to get you paid by the 8th of the next month. This has been the norm.
If you check TrustPilot for Yieldnodes reviews, you’ll find nothing but praise.
In the Yieldnodes calculator, you can check the stats in details. It keeps a track of the performance of the platform for the last 3 years and compares it to Bitcoin, Dow Jones, and Gold.
User reviews and audit reports both speak highly of the platform.
As you can see, the platform has consistently generated high yields with masternoding, and that an initial deposit of $2,000 would have grown exponentially with the power of compounding.
Investing in Yieldnodes – Pros & Cons
Before you decide to invest in anything, it’s best to consider the pros and cons first. This only helps in having the correct expectations before you begin.
Let’s take a look at the pros first.
- High monthly yields – they range anywhere between 7 to 10 percent. The platform has been consistent for over 3 years.
- You have an option to compound some or all of your profits. If you opt to compound, the power of compounding will eventually join your side.
- The team doesn’t try to hide behind the scenes. In fact, their names and LinkedIn profiles are on the Yieldnodes website which is a huge thumbs up.
- The platform has tons of positive reviews all across the web including on social platforms like Reddit and Trustpilot.
- You have to complete KYC (Know Your Customer) to verify your identity.
- The investment is pegged to Euro and not Bitcoin so the cryptocurrency market volatility won’t affect you. The platform has thrived in the times of crises and has survived the previous crypto bear market and the C19 crash.
Now the cons. This Yieldnodes review will be incomplete without you being aware of the cons. Yieldnodes isn’t perfect – no program/platform is.
- The minimum investment is 500 euros. If you’re low on budget and this isn’t something you can afford, then the platform is not for you. However, this isn’t necessarily a con, since this is masternoding and that it takes money to set up servers, it only helps in making Yieldnodes look more legit.
- You don’t control your cryptocurrency. Since you’ve now made a deposit, you don’t have access to your cryptocurrency anymore. As they say: not your private keys, not your tokens.
- The company is not regulated by a government agency.
- The moment you deposit, your initial gets locked for 6 months. After the 6-month waiting period is over, you are free to cancel your contract anytime. However, they do have an emergency withdrawal option if you want to withdraw in an event of an emergency – but it comes with a penalty.
Final Words – Is Yieldnodes Legit?
That brings us to the conclusion of this Yield Nodes review. The platform is definitely legit, and you certainly won’t find a Yieldnodes alternative.
It’s not even close to being considered a ponzi or a pyramid scheme. It doesn’t have any of the characteristics of a scam. The team has their photos and their LinkedIn profiles visible and everything they do has transparency.
When there’s mentions of the best nodes for passive income with crypto currencies, Yieldnodes definitely finds a place in the list (close to the top).
There’s no tax involved (at least on the Yieldnodes’ side), and the monthly returns are quite stable. They range anywhere between 6-10% a month.
There’s not much wrong with the platform apart from the withdrawals which take close to a month. The platform, however, hasn’t faltered and the withdrawal requests are always honored on time.
The platform clearly highlights this in a warning and that helps with trust.
It only makes sense since this is like setting up real servers. Dissolving them will take time because of the obvious work involved.
Even if you consider all the cons, Yieldnodes still is among the best alternative investment platforms. It’s FREE to set up an account with them anyway so it won’t hurt to sign up.
Disclaimer: I’m not a financial advisor and this is not financial advice. Everything I have mentioned in this article is strictly my personal opinion and should be honored as such. If you want to invest anywhere, you should be aware of the risks and should factor in the risk to reward ratio. You should never invest more than you can afford to lose. It’s also in your best interest to consult a financial advisor before you begin.
- High monthly yields
- Have an option to compound some or all of your profits
- Investment is pegged to Euro and not Bitcoin
- Minimum investment is 500 euros
- You don't control your cryptocurrency once you made a deposit
- The moment you deposit, your initial gets locked for 6 months