Is YieldNodes Legitimate?
YieldNodes is used by many as one of the best investment platforms through which you can earn lots of passive income in the long run. The platform uses blockchain to borrow and lend money, and pays you an interest based on the principal amount you have deposited with them. After depositing your money with them and locking it away, you can expect to earn a high rate of return through their automated system. The profit is distributed on monthly basis.
Although the platform is still new, it has proven to be successful in attracting lots of investors because of the yield it provides.
In this crypto blog, we will take a look at how YoeldNodes works, and if the platform is trustable or not.
Things to Keep in Mind
YieldNodes is surely trustable, but it still gets mixed reviews since it is still a new platform. Many people consider it a scam, while others provide proves of the yield they have generated by using this platform.
The company has made it very clear that investment, just like with any other platform, is a highly risky process. Moreover, just like any other cryptocurrency platform, YieldNodes is not regulated, and this adds to the complexity of the equation. That is why you should only invest your money with YieldNodes which you can afford to lose.
However, you can be sure that this platform is not a part of any rugpull scheme since they are very transparent in every step. They have physical headquarters which you can even visit, and you can also meet up with their team members.
While the minthly yield of this platform definitely fluctuates, it is still much higher than anything the traditional finance applications can provide.
This was our take on YieldNodes. You should definitely experiment with the platform and see how it responds.