yieldnodes risk
This is unregulated territory. In general, anything cryptocurrency and blockchain is still highly unregulated – we are in a very early stage market.
If you’re new to this sort of thing, that usually once your funds are in, they are in – there’s no ‘quick release’. Kudos to YieldNodes for making this available. The 25% fee is due to the projected loss made by closing down nodes etc quickly and without proper procedure.
Despite the fact that every token/coin in my portfolio is negative, Yieldnodes returned 6.5%. Yes, it is the lowest return so far, but consider how horrible the markets have been; in comparison, it is rather remarkable!
This is unregulated territory. In general, anything cryptocurrency and blockchain is still highly unregulated – we are in a very early stage market.
The team worked to implement a “donation from withdrawable funds” feature and Urs and Steve commit to matching donations 100% from their own funds. (Not YieldNodes funds! From their own private funds)…and the transfer(s) will be shown in a transparent way 🙏 #kudos
With Yieldnodes, deposits are locked in for 6 months. The same goes for any other deposits, including those made through compounding. There is an option to take out money in an emergency within 48 hours, but this is only for emergencies and comes with a 25% fee.
However, ‘no’ in terms of your deposits and withdrawals; everything is ‘pegged’ to the Euro. Bitcoin is only uses as the means of deposit and withdrawal.
Yieldnodes peg their system to the Euro and the equivalent of 500 Euro is the minimum you can deposit. This equates to approximately $600 USD or £400 GBP.
