Yield.app Review

If you are trading Cryptocurrencies want to calculate taxes with one of the top crypto tax tools suited for you, Our Yield.app Review will help you with knowledge of it's key features, pricings, pros and cons etc

⭐⭐⭐ Also, don't miss out on the exclusive referral bonus ⭐⭐⭐

Last Updated: November 28, 2022

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Our Score
4.45/5
Yield App was created by a team from various backgrounds and released in February 2021. Tim Frost, the company’s CEO and creator has played a significant role in a number of well-known fintech and blockchain businesses, including Wirex. Since its release, Yield App has increased its platform-managed funds to more than $423 million and added more than 72,000 customers. Along with that, they have a group of partners and consultants that includes BitGo, TrustSwap, Yeoman’s Capital, Pal Capital, and BlockPass. One can start earning daily rewards by simply depositing their cryptocurrency assets, such as Bitcoin, Ethereum, and USDT, and choosing the investment amount. Your funds are always available for redemption and withdrawal. One can also stake or lock up YLD tokens to receive a least 2% APY up to 12% APY.

Pros:

✅ Earning interest while holding in staking pools

✅ Numerous cryptocurrency options

✅ Low trading fees

✅ Simple Trading Experience:

✅ Easy Account Management

Cons:

❌Not authorized in the US

❌Negative Reviews from users

❌Not very User-friendly

Table of Contents

Yield App Security Measurements

To ensure the safety of customer funds, the yield App contains a variety of measures. To reduce the possibility of illegal use of your account, it employs 2FA. Activity records, session tracking, alert emails, and address whitelisting are further capabilities available in Yield App. The platform, which addresses a variety of security issues, is incorporated into Amazon Web Services. Management systems, network security, and data security are all included. Yield App warns customers that while it takes reasonable precautions to reduce the danger of data leakage or illicit practices, hacking is still a possibility. It makes sure users are aware of the risks investing in the system poses to their private details.

Customer Feedback

We have gone through the feedback of customer reviews on Trustpilot. It scored 4.5 out of 5 and got 87% 5 stars. According to a customer’s review, there can only be three withdrawals each day. The earn deposits are locked, and KYC obviously does not operate around the clock. They don’t accept Mastercard either, unlike, say, Nexo. You can only get a higher yield if you purchase their yield token. Another customer says that after viewing and attempting to use other platforms that also offered yield farming using cryptocurrencies. It was a really smooth process to change fiat money into cryptocurrency there. Yield App made it easy to convert money without having to use challenging trading platforms, then send it on cryptocurrency in the hopes that you got it right. Another customer says that trusting third parties dramatically raises the risk associated with digital assets, which is already very high. Having said that, this business is head and shoulders above its rivals if you’re going to trust anyone in this industry. He has a strong feeling that this business will be important to cryptocurrency in the years to come. The majority of the customers say that You will feel like you are a vital part of the project thanks to the attentive and supportive crew at Yield.app. In addition to having interests that are always in step with market conditions, the project still has a lot of room for expansion, which is encouraging because it means that the value of their token, which is currently being sold at a steep discount, will increase significantly in the future.

REFERRAL CODE

How to claim exclusive bonus from our referral code

Without having any financial or technical experience, users of Yield App can access the best investment possibilities and invest as little as 100 USDT enabling anyone to enter the Defi realm. User money is pooled together by Yield App, who then invests them across a wide range of Defi pools.

The user may be entitled to a bonus if they register for a new account via the Yield App referral link. By using the referral link or referral code, users can take advantage of the referral bonus. Click here to use the referral incentive. You can receive a 250 USDT welcome bonus by using this link.

Since the “Referral Code” area in your browser will already be filled in, using our link or referral code is now hassle-free. Just complete the final few stages of the registration process. Please be aware that either of the two permitted mail- or mobile-based procedures may be used in conjunction with your Yield App referral code. Yield App may be quite alluring for consumers because it offers a variety of services to make sure its clients have all they need without having to leave the platform.

Before continuing, make sure you have read and comprehended all of the T&Cs. Make sure you are completely aware of all the terms before you begin your trading adventure with them with joy and satisfaction.

Benefits that all users get from Yield.app

a) High APYs. You’ll earn more than 100 times as much interest with Yield App’s base APY tiers than you would with a Singaporean standard savings account.

b) Assets are accessible at all times. While you can withdraw funds from your Yield App account whenever you want, certain cryptocurrency savings accounts restrict you to lock assets away in order to earn the highest APY.

c) Cross-platform compatibility. Besides having an iOS and Android app, Yield App also offers a website where you can access your account. In contrast, Monie, Linus, and other crypto savings accounts can only be accessed using web browsers, whereas Crypto.com only allows you to access your account through mobile apps.

d) Daily interest payments. Interest is daily deposited into your account through Yield App.

If you are a new user, then you can also avail up to 250$ welcome bonus by using our ref link- https://app.yield.app/signup?ref=08710779

Drawbacks of Yield App

a) Minimum standards for transfers. Although there is no minimum deposit requirement for the Yield App, you will need to deposit 0.005 BTC, 0.1 ETH, or 100 USDC/USDT/DAI/TUSD in order to use it.

b) Withdrawal charges. The withdrawal fees charged by Yield App depend on the asset. Monie and other cryptocurrency savings accounts allow you to withdraw your money without any fees.

Verdict: Should you use Yield.app?
In several aspects, Yield App is more open compared to other crypto lending platforms. The platform is becoming more well-known since it provides greater returns than its rivals. The platform did not clearly describe the integration structure, and it did not specify which Defi protocols they use or how they are able to produce such high yields. The requirement that you purchase the utility token further undermines your confidence in the platform because powerful token holders can easily control the utility token’s price. The Yield App is best for active cryptocurrency investors who are prepared to buy and keep the platform’s YLD tokens in order to receive the greatest APYs. If you have at least 20,000 YLD in your account, you can earn up to 5.5% ETH and 10% APY annually on supported stablecoins in addition to 5% APY on Bitcoin. However, depending on the APY tier you are eligible for, you will receive 1% to 3% of your interest in YLD. You will still receive some interest in YLD even if you merely deposit ETH. However, using Yield App does not require you to invest in YLD in order to earn interest. Even if you never deposit a YLD token into your account and prefer to always have immediate access to your assets, you can still earn 2.5% APY on Bitcoin and Ethereum and 5% APY on approved stablecoins. In addition, depending on how many tokens you hold in your account and whether you wish to lock them up for a year, you can earn up to 12% APY on YLD. You can withdraw your assets from Yield App at any moment, but there is a cost for doing so that varies according to the asset
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Why we Recommend:

✅ Earning interest while holding in staking pools

✅ Numerous cryptocurrency options

✅ Low trading fees

✅ Simple Trading Experience:

✅ Easy Account Management

Drawbacks:

❌Not authorized in the US

❌Negative Reviews from users

❌Not very User-friendly

0
Our Score
4.45/5

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