This article offers detail regarding my personal experience investing in the Yield Nodes Program (recommended to me by a BBR member by the way – thanks Mark!)
What is Yield Nodes?
Here is their own description of what they do
YieldNodes is a complex, multi-tiered Node rental program based on the new blockchain-based economy
In essence, revenue is generated through a combination of master-noding, price gains and services that work in unison to leverage each other in their own ecosystem . Since inception, YieldNodes has not only grown considerably, but has also encompassed other areas to stabilize and leverage revenue. These include its own listed cryptocoin, its own decentralized exchange, and a crypto-denominated shopping area. Further services, cooperations and business cases are in progress.
Started as a side project in 2018, YieldNodes entered an extensive beta phase with a group of hand-picked early-adoptors at the end of October 2019.
Over the next 25 months (beta-testing and live operation), Yield Nodes generated a return of 268% for those participants – despite the Corona crisis.
So they are not fully dependent on the prices of crypto currency and this strategy has been very successful – I invested first in February 2021 with the following monthly performance achieved:
Rather better than leaving the cash with a bank and with reinvesting the profit I have more than doubled my capital in 9 months. It is possible to withdraw the profits (or part thereof) monthly if required and the capital becomes available for repayment after 6 months. In future I will be withdrawing 50% of the profit monthly until my capital is redeemed and thus will not suffer any loss should the service fail.
Summary of Investment Terms:
1 Minimum investment is EUR500
2 Once invested capital is tied in for 6 months
3 Return is advised weekly and credited monthly to account.
4 Returns can be reinvested or withdrawn
5 Withdrawals are paid no later than the 8th of the month following notice being given which must be by 15th of month.
The investment is unregulated and so must be regarded as high risk. Only invest funds that you can afford to lose.
How to Invest in Yield Nodes
The procedure is not altogether straightforward and so I am showing below the steps you should take if after considering the above you wish to proceed. General guidance on purchasing and transferring crypto currencies is given in my article Layman’s Guide to Crypto Currency and so I will not repeat steps explained there on this page.
Go to the Yield Nodes sign up page
Complete the required information and click the sign up button to reach the dashboard
There are the usual Know Your Customer checks but these can be completed once you have set up your initial deposit. Click on the “Deposit” button as shown above and you will be taken to this display:
At point 1 above enter the sum you intend to invest in EURO (minimum is 500) Now click on the “Generate Bitcoin Address” button shown at 2 which will develop the display as shown below:
An email confirmation will be sent from Yield Nodes when your deposit is received and your funds will start earning interest from day 7 after deposit.
Interim advice of returns made during a calendar month can be seen by logging in to your account on the 8th, 15th and 21st of each month. You will then receive email advice of the full month’s performance on 1st or 2nd of next month.
Complete Know Your Customer documentation
Log in to your account and click on the account details drop down at the top right of the dashboard
You should ensure the account settings are correct as you wish them and may also authorise 2 Factor Log In if you wish adding extra security . Complete all the personal details required in the my account section.
The KYC Documents area will require you to upload
a) Photo ID
2 Proof of address
3 Signed copy of last page of the Risk Disclosure Agreement – this sets out the terms of the investment and all you need to do is print out the final page, sign and date and either photo or scan to submit.
Monthly Profit Options
When profits are credited to your account each month you can either withdraw them immediately or re-invest them so compounding the return. Go to the dashboard
If you wish to withdraw then you should use the Withdrawal button which will generate the following display:
The maximum current withdrawable amount is shown at the top of the display. Enter the amount you wish to withdraw at point 2 above.
At point 1 click on the Crypto Currency address for your Bitcoin – if not already done you should enter this in the Manage Withdrawal Wallets area using the instructions given in the Layman’s Guide. Please ensure that you have copied the correct address to this area as errors will be irrecoverable.
Now click “Withdraw” and the amount selected will be sent to your Bitcoin wallet by the 8th of the next month so long as you have given notice no later than 15th of the current month.
This can be done manually or automatically (so long as you have completed the KYC documentation). If doing manually go to Dashboard and click on Deposit
Then enter the amount to be reinvested in the Deposit from profits area and click submit. You will receive email confirmation of the reinvestment.
If you wish to set up automatic reinvestment of the monthly return this is done via the withdrawal area (see image above – item 3
Use the slider to select the amount of profit to be reinvested and this will be set for future months. An email confirmation of the amount reinvested will be received each month.
If you have any questions please ask using the contact form on the site – I shall be pleased to help.