The price of Bitcoin affects the majority of the cryptocurrency space, so 'yes,' the profit Yieldnodes generate will be somewhat influenced by Bitcoin and the cryptocurrency markets in general....if cryptocurrency has a bad few months, you will likely see this reflected in the amount of profit Yieldnodes make during those months.
You can deposit Bitcoin or use third-party services that are connected with Yield Nodes to pay with fiat currency, such as USD, GBP, and EUR. I have utilized three of the ways thus far; (1) For the first time, I transferred Bitcoin. (2) My initial bank account deposit was made through Coinify. (3) My most recent bank account deposit was made through Walleteze, which was just added and has lower fees than Coinify.
As you can see, there was a massive return of 19.2% in February, which had a significant impact on the average return but was an anomaly due to a massive 'bull run' in which crypto experienced hyper growth, followed by a return of 7.9% in May, during which crypto crashed, and despite Bitcoin losing around 40% of its all time high, we still received a return of 7.9% in May!
However, in terms of deposits and withdrawals, the answer is 'no'; everything is 'pegged' to the Euro. Bitcoin is exclusively used for deposits and withdrawals.
When withdrawing, you select the withdrawal cryptocurrency (e.g. BTC), and 1,000 EUR is converted to BTC at the time funds are given to you.
July 2022 (9.2% Yieldnodes profit)
What a month?! You can register here and receive monthly copies of their reports/newsletters direct to your inbox – you don’t need to deposit to receive these 😉
