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Yieldnodes Review [2021] – Is This Platform Legit Or A Scam?

Yieldnodes Review 2021
  • Easy To Use?
  • Cost
  • Profitability
  • Time Needed
5

This is my full Yieldnodes review, based on my own personal experience of investing in their platform. I have created various videos to help you better understand how Yieldnodes works, what to expect as an investor, and how the platform has performed during the time I’ve been a member. The investment has been going well for me, but it’s important to understand the risks, which I explain various times in the content on this page. If you sign up for Yieldnodes using the links on this page I am happy to give you 1 to 1 support to help you get set up and answer your questions!

I hope you enjoy my Yield nodes review. Please note that at the bottom of the page I have some FAQ’s that I hope you will find helpful.

Yieldnodes Review Part 1

June 2021 Update: This investment is still going from strength to strength. The March return for investors was 19.2% as you can see from their website here.

Key Features

  • Monthly returns from masternodes of circa 10% per month
  • Total compounded return 708.01% (since inception in Sept 2019)
  • Minimum deposit €500
  • Minimum term 6 months
  • Returns/Profits are paid monthly in bitcoin and can be withdrawn or auto-compounded

>> Yieldnodes Can Be Accessed At The Following Link: Yieldnodes <<

Yieldnodes is a cryptocurrency platform that allows investors to grow their fiat currency (USD, GBP, AUD etc) or their cryptocurrency (BTC, ETH etc) by earning masternode returns and distributing them between investors. I will explain how masternode returns are generated in great detail later in this review. First, here is an interview I did with the CEO of Yieldnodes, Steve Hoermann.

Yieldnodes Review Part 2 – Interview With The CEO

>> Yieldnodes Can Be Accessed At The Following Link: Yieldnodes <<

As you can see from my video, this platform aims to generate a very stable return for investors by taking advantage of a lucrative aspect of cryptocurrency known as “masternoding”. Not only are masternode profits generally fixed, offering a very steady return, they can also be very high AND can be compounded, meaning the returns for investors can be substantial, albeit with an element of risk. The returns are not generated through day-to-day trading as they are with assets such as forex or stocks. The value of returns does fluctuate each month based on coin values, but fundamentally, masternodes pay a fixed number of coins per month and this is how Yieldnodes can offer a minimum monthly return of at least 5%.

Yieldnodes Review Part 3 – Update After 5 Months

>> Yieldnodes Can Be Accessed At The Following Link: Yieldnodes <<

Why not try out our compound interest calculator?
This has been designed to give you some idea of what your investment might be worth if you compound it over months or even years. This calculator is purely for illustration purposes and remember that monthly returns fluctuate, meaning actual returns will be different. Past performance is no guarantee of future performance. The calculation is based on receiving 10% per month and compounding the full amount each month.

Yieldnodes Audit [2021]

I was recently invited by Yieldnodes to audit their business so that I could publicly verify that their business is genuine and that invested funds are being used in the correct manner (i.e. invested in masternodes). This just shows the transparency and honesty of the company. The results were that I saw a very high value of masternodes (more than twice the value of invested funds) so I consider this to be genuine, albeit the platform is still not without risk. I discuss the risks again in the video below.

I highly recommend watching this video to understand what’s going on behind the scenes;

>> Yieldnodes Can Be Accessed At The Following Link: Yieldnodes <<

What Exactly Is Masternoding?

Within the cryptocurrency space, each coin has a fixed number of total coins that will eventually end up in circulation. These coins aren’t released all at once but slowly released over a period of years. For example, there are a total of 21,000,000 Bitcoins that will eventually end up in circulation, but since its inception in 2009, there are currently still only about 18.4million in circulation right now. The coins have slowly been released over the years and the last few coins might not be released until as far off as 2040.

But the coins that are released are not just given away, they have to be earned.

There are 2 ways that coins can be earned. These are; Proof Of Work (POW), and Proof Of Stake (POS). Let’s explore how both of these work, as it’s an important part of how Yieldnodes generate their returns.

Proof Of Work (POW)

Proof Of Work is often known as “mining”. This was the original way that coins would be released and is how bitcoins can be earned. POW is based on an advanced form of mathematics called “cryptography” (hence the origin of the word “cryptocurrency”). These are essentially very complicated math problems that need to be solved by powerful computers. For each equation solved, a small amount of crypto is rewarded. With POW you are therefore exchanging computer power for cryptocurrency. A normal desktop computer is capable of mining cryptocurrencies, but the processing power required for a reasonable return is extremely high, and so only very powerful dedicated machines can generate a meaningful amount of the most popular cryptocurrencies. These machines cost thousands of dollars to build, require a certain amount of coding experience, and need constant monitoring. They also consume a huge amount of electricity, and it’s possible to even lose money on crypto mining after the cost of hardware and electricity are accounted for.

Proof Of Stake (POS)

Proof Of Stake (POS) still aims to reward individuals with currency, but instead of solving complex equations, one simply has to provide proof of “stake” (i.e. ownership of the coin you want to be rewarded for). In order to do this, a user must deposit their currency in a specific wallet, where they are frozen and can then be used to generate coins. There is usually a minimum investment amount needed in order to qualify for POS rewards, and this is often referred to as a “masternode”. In order to qualify for a masternode, there is usually a requirement to buy a high volume of coins, which can be very expensive.

Once a masternode is set up as proof of stake, coins are awarded to the masternode owner on a monthly basis. These coins can then be traded into different cryptocurrencies, or even exchanged into fiat currency (such as USD or GBP). 

How Do Yieldnodes Generate Returns?

Each POS cryptocurrency has a different reward for its masternodes. Some offer only a very small return, equating to around 2% per month, whilst others offer hundreds or even thousands of % per month. Unfortunately, most coins have very little value, and the coins that offer very high returns are often worthless. This means that when they are exchanged for other currencies even a very high number of coins does not buy much fiat currency. The lower % return coins often have the highest exchange value. Therefore, there is a great deal of experience required in finding coins that have offer 1) a strong value against other coins and 2) offer a good monthly return from the masternode. 

The Yieldnodes team therefore offer investors value in 3 ways;

  1. Researching the best coins to masternode amongst the thousands of coins available, balancing value with returns to create a steady (and significant!) monthly return.
  2. Pooling funds between multiple investors so that even small investors can benefit from masternodes
  3. Providing the technical expertise required to create a masternode as proof of stake

Spreading Risk

As with any asset that fluctuates in value, cryptocurrencies present a risk because the value of the coins fluctuates against each other and fiat currencies (USD, EUR etc). Risks can be mitigated by masternoding several coins at once so that not too much risk is put into one single coin. This creates a portfolio of cryptocurrencies, so even if there is a big swing in value on one coin it doesn’t impact the overall portfolio too much. When you invest in Yieldnodes, you are therefore benefiting from a portfolio of cryptocurrencies, and you’re not just exposed to the success or failure of a single coin. At the time of writing this post, they have hold masternodes for a total of 14 different crypto’s. Hopefully, that gives you some indication of the scope of the research and management of this platform.

Applying the Secret Sauce

In addition to pooling funds and setting up a portfolio of masternodes, the Yieldnodes team also use their extensive experience to apply a “secret sauce” to all of this. The future of the sector requires people to not only back, but also to use cryptocurrency as a realistic alternative to fiat currencies. For cryptocurrencies to stand the test of time they, therefore, need to have strong community support and a real-world purpose. Yieldnodes are therefore using their experience to buy certain cryptocurrencies and developing them to have real-world usage. They don’t own all of the coins that they masternode, but there are distinct advantages of owning some of their own coins, as well as masternoding other popular coins.

An example of this is their acquisition of Sapphire coin. This coin was about to be terminated by the original developers, but because it had a strong community behind it, Yieldnodes took a stake in the coin and became the developers. Because it’s a POS coin, it immediately became part of the portfolio for Yieldnodes investors, and to secure the future of the coin they also set about developing the coin and finding uses for it, creating all kinds of resources, including an online store where Sapphire coins can be spent (https://sappshopping.com/products/). Yieldnodes therefore took a failing coin with no real-world usage and transformed it into a valuable asset that can now grow in usage and value.

How To Invest

Now we understand how the profits/returns are generated, I wanted to explain just how easy it is to get involved and invest in this platform. You do not need prior cryptocurrency experience in order to invest in this platform! In fact, you don’t even need to own any cryptocurrency to invest in the platform because they accept deposits in fiat currencies such as US dollar and Euro’s using payment methods such as Visa, Mastercard or even bank wire (card fees are applicable). Therefore, you can transfer funds directly from your bank to Yieldnodes, and they will convert it to cryptocurrency and invest it for you, taking care of everything on your behalf.

>> Yieldnodes Can Be Accessed At The Following Link: Yieldnodes <<

Once your funds are invested you can choose to either have your monthly returns paid out to you, or you can compound them. You can even split it – compounding some profits and withdrawing the rest.

You need to be aware though that for any invested funds (your initial deposit and any compounded profits), there is a 6 month minimum investment period, so do not invest funds you are likely to need back any time soon. After funds have been invested for 6 months you are free to withdraw them or leave them to continue to earn profits indefinitely (the website states 2-year maximum term, but you can keep funds with them for as long as you want after the 6-month initial contract has ended and have complete flexibility on when to withdraw). Also, it’s worth pointing out that although you can deposit in multiple currencies, the monthly profits are paid back to you in bitcoin.

NOTE: You can also add new deposits to the platform whenever you like. Some people are choosing to “scale-in” to this platform by making an initial deposit and then adding more funds each month so they have an ever-increasing investment account. This is especially powerful when compounding returns and each month you will have not just the compounded profits, but also new deposits being added, which themselves will provide compounded returns.

Conclusion

Yieldnodes has been operating profitably for over 15 months and provided us with exclusive access to their business through an audit to prove that the platform is genuine. This is a totally new way of investing, and yet the cryptocurrency sector is already very well established and growing extremely quickly. Oftentimes, investing in this sector is confusing and requires a certain amount of technical ability. At the very least, it requires a lot of time to research and learn what and how to buy different coins. Yieldnodes have removed all of the complications in investing, making it extremely easy to get started.

You can find out more about the coins they are masternoding on their website here.

Frequently Asked Questions

What Is The Minimum Investment?

The minimum investment amount is €500

The maximum deposit is €250,000

Remember: This platform has an excellent track record but our funds are at risk and there is a 6-month contract, so do not invest funds you may need access to in the near future.

Do You Accept My Country?

Yieldnodes currently accept investors from all countries.

Can I Access My Money At Any Time?

Your funds will be locked in for the first 6 months, but there is no maximum term. It might be possible to withdraw your funds within the 6 month lock-in period, but this is at the discretion of Yieldnodes and costs are likely to be incurred, meaning you could get back less than you invested.

You can withdraw profits from your first monthly earnings (i.e profits are not locked in, so they can be withdrawn or reinvested). If reinvesting/compounding then each month of compounding has its own 6-month minimum term.

What Are The Risks?

The returns on masternoding are relatively fixed (in percentage terms) and the portfolio is very balanced, which helps to mitigate risk. Your funds are at risk though and there is no capital guarantee. There is an inherent risk in holding cryptocurrencies because they fluctuate in value against fiat currencies such as the US Dollar and the Euro. Should cryptocurrency value plummet then this can significantly impact the value of investments and the net returns. Values have been steady for several years now though, and the fluctuating price can also be a benefit if crypto values are increasing. A sudden drop in crypto values combined with a high number of investors seeking to exit the program would also impact the companies ability to make payments as although pay-outs are in bitcoin, they are linked to the Euro.

What Are The Monthly Returns?

So far the platform is generating an average return of 11.15% per month (as at 1st March 2021). 

Can I Compound My Profits?

Yes. Monthly returns can be set to AUTOMATICALLY compound so that you can leave your investment to grow completely on autopilot. You can also set the platform to payback returns each month if you don’t wish to compound, or you can split the returns so part is compounded and part is paid to you each month.

Current returns suggest that compounding profits could lead to returns of 249.85%

Can I Withdraw Profits?

Yes. Profits will be paid to your dashboard at the beginning of every month and you can request to withdraw them. Withdrawals will be paid on 8th of each month.

What If I Don’t Own Any Cryptocurrency?

You don’t need to own cryptocurrency to invest in Yieldnodes. You invest in fiat currency (such as US dollar, Euro’s, British pound etc) using credit/debit cards or bank wire, and the funds will be converted to bitcoin and then used for master-noding. If you hold Bitcoin though you can pay that directly to your own Yieldnodes wallet to find your account.

How Is My Money Invested?

Your investment will be pooled along with other investors to buy masternodes for various cryptocurrencies. Your funds will be part of well over $10million of invested funds and will get a monthly return based on the profit generated by the portfolio each month.

What Is Sapphire?

Sapphire is a cryptocurrency that Yieldnodes acquired. It provides some of the masternode profits for the portfolio, but is one of at least 10 currencies being masternoded. Because Yieldnodes is now the developer for Sapphire, this is a good coin to support and they have various projects planned that will help the currency to grow.

Are There Any Costs/Fees?

The platform is completely free to join and there are no membership/subscription fees. The ongoing management costs of the platform are taken from the monthly profits (15% of profits are taken as a Yieldnodes operating fee), and the returns shown are net of any fees taken by Yieldnodes. 

Is Yieldnodes A Scam?

Yieldnodes is not a scam, and I have my own money invested in this platform. I have also audited the company and seen proof of the masternodes first-hand. There are still risks attached to this investment though, and your capital is still at risk even though the investment has been audited and proven to be genuine.

I hope you enjoyed reading this Yieldnodes review. Please read more here – https://yieldnodes.com/

I’m Jon, owner of Trade Wise at https://tradewise.community/ and https://www.youtube.com/channel/UC7VmOx8DbvX4Rbrac2pPcjw
I review forex and crypto trading products and services to find the best of what’s out there for creating a passive income without becoming a full-time trader.

108 thoughts on “Yieldnodes Review [2021] – Is This Platform Legit Or A Scam?”

  1. Hi Jonathon,
    Thank you so much for highlighting this great investment option. I certainly will be using your link to open an account with Yieldnodes. Please keep up the great work you are doing in exposing the wonderful opportunities available to us small investors in the Crypto environment. Looking forward to your next posts on other opportunities.
    Regards, Bryson Furner.

    Reply
  2. Thanks for this excellent review which aroused my interest. One more question Jonathan: how secure are deposits with Yieldnodes from an IT security perspective? You regularly read about hacks in the crypto world where large amounts of cryptos (such as Bitcoins) are digitally stolen. That could leave one penniless if that would happen. How does Yieldnodes prevent this from happening?

    Reply
    • I asked them the same question, and I’ll have an interview posted to my Youtube channel soon where I ask them similar important questions so they can answer direct. I can assure you though that they take security incredibly seriously and do everything they can to minimize risk, including hiding online footprints and storing coins securely offline (not in broker wallets).

      Reply
  3. Hello Jon,
    Once again a knowledgeable post.
    But is the program still open to register?
    I see from the website that they are into bestest and limiting the number of investors.

    Besides it will be good to know by other fellow guys here as- how and which financial institutions safeguard the investors viewpoint that yieldnodes can answer or adhere?

    Reply
    • They are absolutely still open for new customers, but as I say in the video, they may close the doors when they reach about €4m total investment.

      Reply
  4. Hi Jon,
    Interesting video-thanks
    No mention of FCA regulation ?
    What is to stop these guys declaring bankruptcy and running
    off with every bodies loot ?
    (Not suggesting they would)
    But the Finance sector is riddled with Con men and attracts these
    types for ease of fraudulently emptying peoples accounts overnight !

    Reply
    • Hi Peter this is an unregulated investment as stated in my interview video with the CEO. I suppose there’s nothing to stop them from doing something like this, but I can assure you they are doing what they say they are doing (i.e. investing in masternodes) so they are certainly not just piling up money ready to sweap it all away into a black hole. There is always a risk like this when you send money to a platform though, and you need to account for this when deciding whether or not to invest.

      Reply
  5. About Yieldnodes there is also another aspect to take into account about profit yielded by your investment that you forgot to mention in the review video. This is if that your wallet is Bitcoin based so you are always subject to the fluctuation value of this crypto coin. So when you withdraw funds from your wallet and convert them into Euros for instance you have to be much aware of the current market value compared to the market value when you entered.

    Reply
    • Yes absolutely, so fluctations in crypto values is probably the biggest risk, although even if the price of BTC dropped suddenly it would just require those withdrawing to hang tight a bit longer until it recovered.

      Reply
      • I’m a right that fluctuations are only important when you want to withdraw? When you deposit, you see the Euro value directly and also when the process is going on all is in Euro’s.

        Reply
        • It’s true to some extent. Your investment with Yieldnodes is pegged to the Euro, not a crypto, so the value of Euro you put in is what your investment is based on and the value used when returning your investment and returns in BTC. However, don’t forget whilst invsted you’re always exposed to crypto fluctations between the masternoded coins and BTC. Fluctuations are always important therefore, not necessarily just between fiat and BTC but between the crpytocurrencies themselves.

          Reply
    • They use BTC as a vehicle and than change it into a stablecoin. After that they will change it again into the Masternodecoins. When you want to withdraw you will put the withdrawal amount in euro’s and they will give you the actiual BTC price of that moment and sent your withdrawal in BTC. It is up to you to change it in euro’s or whatever you want, or keep de btc.
      Note: if you sent 2000 euro now, you sent 0.02 BTC. It is possible that BTC went up in valu. Let’s say 2 times. If you do a withdrawal of 2000 euro you than get 0.1 BTC. Or if it devaluated half, you then get 0.4 btc when you withdrawal 2000 euro.

      Reply
      • You’re correct that YN peg the value on invesment to the Euro, not BTC, but you’re paid out in BTC, so what I’m talking about is let’s say you get paid a return of €1,000 by yieldnodes and this buys (for example) 0.1 BTC. If you send this to a wallet and suddenly btc drops by 50% in value then suddenly your BTC has a value of only €500. Thus, I say that in such circumstance people can hold on to await for it to recover.

        Reply
    • Hi Jon
      I dont have much experience in cryptocurrencies. How do you convert your profits from crypto to pounds or Eyros to pay into your debit cards and what is the current rate of conversion?
      Thanks

      Reply
  6. i came here coz of mti and now i decide to join with Yieldnodes at a time. hope this make more profit.
    thankyou from thailand

    Reply
  7. Am totally new to this, but have joined Yield Nodes today. With a bit of help from a fellow investor, it was incredibly easy to set up. Am looking forward to my new journey.

    Reply
  8. Hi

    This sounds interesting although I have to say that the reviews on trust pilot seem a little suspect imo. Lots of people with 1 review, lots posted on the same day etc. Should that concern me? I don’t necessarily mind taking a punt on something risky, I just wanted to check that you can’t lose more than your initial deposit. Can you confirm?

    Thanks

    Reply
    • I seriously doubt that the reviews are fake. They asked their beta testers to leave them reviews as part of their early access privelages, and probaly emailed them all ont eh same day asking them to leave a review hence they all did it at the same time. Genuinely I have not heard a bad word said against this company so I can believe that they have very good reviews.

      Reply
      • Thanks for getting back, that makes sense. And can I just confirm that you can’t, in some sort of meltdown scenario, lose more than you deposit?

        Reply
  9. Hi Jon,

    So after researching into Yield Nodes and not finding a single bad word said about them, and liking what I heard from the CEO interviews, I decided to make my first deposit. And I’m sure like any other investor would I went to work out how much money I’d be making long term.

    Stephan said himself he can see it running for 10 years, so I worked out how much I’d make over that time, which was just (only 28 million) over 4 billion pounds. Does this genuinely seem feasible they’d be dishing out these kinds of returns to thousands of investors?

    Reply
    • Hi Stefan thanks for sharing your thoughts. You’re right, the compound potential for this is huge over the long term. I’m also hopeful it will run for 10 years, but cryptocurrency is still in it’s infancy so I’ll be taking it one month at a time.
      I’m not sure if you’re scepticle that the returns are achievable or if something might tempt the owners not to pay out. Remember though that YN are making good profits from this and are transparent so any wrongdoing on their behalf would have serious consequences. I’m not saying it couldn’t happen, but when you’re already making good money why risk everything? I like to think that not everyone in the crypto space is a crook, and I certainly trust the owners of YN, but I also factored in the potential risks when deciding how much to invest and would encourage others to do the same.

      Reply
  10. Hi,
    Great review!
    So the price of Bitcoin does not really affect this investment, if you believe bitcoin will rise more than 10% per month you should keep them in you’re wallet instead?

    Reply
    • Hi Patrick, that’s not quite true no. The price of bitcoin doesn’t directly impact the value of funds you invest in Yieldnodes, but price (and demand) growth in bitcoin does normally correlate to better retyurns from masternoding, as we saw in October with a return of 13.5% that month. Also, keep in mind that bitcoin price growth is not compounding, but YN returns are. Therefore, if had the same amount invested in both and they were both to increase by 10% per month for 12 months, your YN investment would be worth significantly more than your bitcoin. Personally I have both, so money hodling bitcoin to enjoy the rise and money in YN to compound and also benefit from crypo in a different way.

      Reply
      • Thanks fore you input, I am also in MTI witch has increased my bitcoins a lot this year. Splitting the investment seams like a good strategy, did my first deposit to yield nods last weak after watching you’re review, very exited to see how it works out.

        Reply
      • So am I correct In assuming that yieldnodes is not pegged to the bitcoin price but rather pegged to the Euro? and that the euro bitcoin price is important here because ones value sits in euro and has to be exchanged back to bitcoin. Thus if the bitcoin price increases like it has now by 40% we loose out on that growth and only benefit in the growth of the yield nodes without the bitcoin inflation?

        Reply
        • Hi Audrey. Yes that’s correct, but remember that the YN return is compounding whereas BTC growth isn’t. Plus the price of BTC can go down too of course. I’ve kept some BTC in an exchange to enjoy the current rally but I still expect YN to outperform BTC over the coming years if you’re compouding.

          Reply
  11. Thanks so much for this review. I am interested in this investment. But I want you to clarify what you said under “What Are The Risks?” before proceeding.

    Are you saying that the fluctuations can cause the monthly or annual ROI such that it may be less than the fixed 10% payout or the compounded payout if I opt for compunding.

    And also that my invested capital can be affected?

    I will appreciate your clarifications on both please before I invest.

    Thank you.

    Reply
    • Hi Segun,

      Yes the crypto pairs are very volatile, so a masternoded coin might yield 20% per month return, but that coin needs to be converted to btc so if the price of the coin crashed for a few days then that impacts how much BTC we receive and therefore the monthly returns fluctuate. These fluctuations don’t impact your invested capital though. The value of that is locked in a Euro value.

      Reply
  12. Hello Jon! I have seen most of your videos, and I have invested in a few of the companies/bots. I just want to thank you for doing this! You make it possible for regular people to participate in this by explaining and sharing of your knowledge!!!! Thanks! Best wishes Morten

    By the way I have the GPS forex bot, could you be so kind and send me your settings? In advance thanks!

    Reply
  13. Hi Jon,

    Can YN members deposit investment capital in BTC straight from cold wallet, then withdraw the profits and the principal after 2 years straight back to the cold wallet.

    Reply
  14. Hi Stefan is mentioning his businesspartner Voss that is a master of mining and running the masternodes. What about if something happens to him, he quits, he leaves the company or he get sick… who will run the business then? Is there someome else that can take his place?

    Reply
    • Hi Astra,
      He is referring to Urs, who is Technical Director. They do have other techinical expertise within the company, so it wouldn’t be an immediate problem if something were to happen to him, but long term it would probably make the business less viable as Urs is the key strategist and expert behind the company. I’ve spoken to him and he’s extremely knowledgeable with great vision for the future of Yieldnodes.

      Reply
  15. Hi Jon,

    Thanks for your interesting reviews of Yieldnodes. Based on your opinion, I did my first deposit of about 550 euros.
    Still there’s a little voice in my mind telling me that this could be a well prepared ponzi scheme.

    What do you think about that?

    Regards,
    Ruud

    Reply
    • Hi Ruud,
      Based on my own research and findings Yieldnodes is not a ponzi scheme, but this is also why they invited me to audit their business and see first hand proof of all the masternodes. As long as our money is being used in this way it’s absolutely not a ponzi although that does still leave some risk of crypocurrencies failing, or one of the directors committing fraud. This is why I did an interview with the CEO though, and whilst I acknowledge these risks, I’m also comfortable with them and have invested an amount that allows for such risks.

      Reply
  16. Hi Jon,

    Thank you for a very interesting review. I am very new to this kind of thing. I have just joined Virtuo trading through your link. I am confused when you say there is a 2 year term. What happens after that? Have you got to withdraw your investments?
    Thanks.

    Reply
  17. Hi

    I just want to start off with, a big thanks, for what you are doing. It’s really interesting to follow you and your exciting journey and your experiences – which can and I believe a to great help for many – so a big thanks.

    I’m for sure gonna be involved with some of your discoveries. Considering Yieldnotes, I’m curious regarding the taxation af the earnings. Is this anything you know something about?

    Thanks

    Reply
    • Unfortunately I don’t know much about the tax side (I leave that to my accountant!) and of course, it will be different for people around the world. Best to discuss it with your accountant and make sure youdeclare the returns the right way.

      Reply
      • Thanks for your reply. I have just reviewed the Danish legislation & I guess that it is probably the same in many other countries. In Denmark, you must pay tax on your profits upon redemption of the value. That is, not while the value is developing – which is extremely positive.

        Have a nice day.

        Reply
  18. Hi Jon,

    Thank you for bringing this opportunity to our attention.

    However, one question I feel has not been answered.

    The question is, what are the income tax/Capital gains tax implication of this opportunity?

    As I don’t feel that the tax man will be all that happy with investors making £2,500 per month, if the investor decides to withdrawal the return and convert to fiat currency, and not receive the tax revenue.

    It would be great if this could be cleared up.

    Looking forward to hearing from you.

    Reply
    • Hi Tim. I can’t address this because I’m not a tax expert and in any case, the answer is no doubt different for each country around the world. Of course, you should declare the returns to your local tax authority as part of your annual return but it’s not for me to explain what the specific implications are for each person.

      Reply
    • Hi Tim,
      I agree with you that this is something that needs clarifying so that you can plan for it.

      For ordinary people who do not have an accountant and are based in the U.K., you could take a look at the HMRC site where they have a section on cryptocurrency taxation

      Alternatively you could write to your tax office and ask for clarification. You would need to briefly describe how the profits are accrued from masternoding. They will then tell you what their decision is.

      The drawback to this is that it will be their opinion based on the current tax rules, someone else might get a completely different answer from a different HMRC employee.

      Hope this helps.

      Reply
    • Yes you can, but the fees by finding through the Yieldnodes platform are quite high. I therefore buy bitcoin through Coinbase first, then transfer the BTC to Yieldnodes.

      Reply
  19. Hi Jon
    I have just set up my account and was going to pay the deposit via credit card but like u say are a bit high on Yieldnodes. Do u have a video to help with setting up through coinbase and transferring BTC to Yieldnodes?

    Its a bit of a minefield for me being not so tech savvy!

    Thanks

    Reply
  20. I am very concerned about MTI and its similarities to Yield Nodes after I one of your above contributors, Patrick on November 17 2020 mentioned he had also invested in MTI. There is plenty of news about them which is genuine:
    Data firm Chainalysis has named Mirror Trading International’s (MTI) scheme as 2020’s biggest investment scam in its latest review of cryptocurrency-related crimes.

    MTI is being investigated after it was provisionally liquidated in December 2020, with regulators now calling for more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies.

    The scheme presented itself as a passive income source. According to its website, users simply deposit a minimum of $100 worth of Bitcoin, and MTI promised to grow it using an AI-powered foreign exchange trading software.

    The group said that customers can achieve consistent daily returns of 0.5%, which would translate to yearly gains of 500%. Algorithmic trading is a common premise for many cryptocurrency investment scams.

    This sends Scam alarm bells to me that Yield Nodes is too good to be true even though your YouTube channel makes me very tempted.

    Reply
    • Hi Charles. I really don’t think you can compare Yieldnodes to MTI, they are so different it’s really not a fair comparison. The main differences for me are 1) Yieldnodes is NOT a multilevel marketing platform. MTI was a ponzi scam that relied on member recruitment/team building so new money can pay the existing members. There is no multi-level to Yieldnodes and you will never be asked to recruit or invite people to it. 2) There is proof that the funds are being used for masternoding, and not just sat in a BTC wallet. I’ve personally audited them and seen all their masternode asstes, but if you don’t believe me (or the other 3 companies that also audited them) then you can also see the impact of the active nodes on coinmarket cap. I explain this in one of my review videos (i think it’s review 3), but Sapphire coin for example was pretty much a dead project but Yieldnodes too ownership of it and the market cap has risen significantly in recent months because of the money flowing into it from Yieldnodes. There’s no way to fake that market cap and no other way the coin is likely to have grown so quickly without YN buying and holding large volumes of it.
      Of course, that doesn’t mean there is no risk and I’m careful to explain the risks in my post above, but you can be sure it’s not a ponzi scam and therefore nothing like MTI.

      Reply
  21. Hello Jon!
    Thank you for good information.I will invest $500 or $1000 but how do i the?
    Thank you for answer
    regard
    Tore Froystad

    Reply
  22. Hi Jon,

    I have already invested in Yield nodes and I’m very happy so far.

    I still have my reservations though as I lost a lot of money I invested in MTI(Mirror Trading International)
    I know they operate differently, but anyone can just disappear.

    Before I invest more in Yield nodes so I can recover what I lost in MTI, what assurances have you got?
    If I lost to another scam then it would be very disastrous for me and my family.

    Regards

    Greg

    Reply
    • I cover the risks in my videos above. I also have the audit that shows the masternodes are real. Ultimately though as you say anyone can disappear and this is a risk with any investment where you’re not keeping funds in your own account.

      Reply
  23. Halo Jon!

    Can multiple accounts be opened in yieldnodes? Are there any restrictions? Why do I ask – namely, I would like to open more accounts so that, for example, I would use one to withdraw a certain amount every month, the other I would leave to generate income, for example a year, and then withdraw some amount …

    Thank you in advance for your reply

    Marijan

    Reply
    • You could easily do that from one account – you can set the monthly compound to a certain % so for example you can compound 100% each month, to set it to 50% compound etc.

      Reply
  24. Hello Jonathan,

    Thank you for your content. You are doing it perfectly.

    I would like to ask you one thing.

    Lets say you would make your a deposit when 1 BTC price was around 5000 $. At this moment, the price is 64 000 $. Does it worth to invest with yieldnodes in this scenario? Person, who would invest with yield nodes, should be in loss if I understand it well.

    Thank you very much clarification and for your response.

    Wish you the best.

    L.

    Reply
      • Hi John, how could it be not affected?

        As our investment account are converted to crypto for masternoding

        So when it time comes to 6 months or so we want to pull out initial investment, didn’t it needed to converted by YN from crypto back to fiat with current market price?

        Reply
        • Your invested is pegged to the Euro, so yes you get paid out in Bitcoin when you withdraw, but it’s based on the pegged Euro amount.

          Reply
  25. Hi,

    I watch all your videos, great content and keep going!

    We speculate Yieldnotes will be able to run 5 maybe 10 years, I guess in corelation with the Cryptocurrency speculative Bubble until this one burst. My question is, how do you think we will know if Yilednodes’ time is over and when will it be necessary to whidraw all our savings from the platform ?

    Thank you

    Reply
    • That is the million-dollar question. Whilst I’d love it to run for 5 years I think they’ll need to change their business model in order to do so. We shall just have to see how they evolve and improve their business over time.

      Reply
  26. Hi Jon.
    Why can´t you withdraw your deposits in the first 6 months.
    Can you explain me more please.
    Wish you the best.

    Reply
    • It’s because there is a hefty amount of work to put the funds into nodes and also they don’t want people just to put in and then withdraw as soon as BTC price pullback. It needs to be thought of as a medium-term investment. I think you can now withdraw early if you really need to but there is a penalty for doing so

      Reply
  27. Hi Jon,

    Yield Nodes looks like the perfect investment for a retirement fund. Invest a small amount, smile, and go away but check regularly to see where things are going. I’m already retired and need to catch up a bit, so my window of using Yield Nodes is probably five years if it operates that long.

    I didn’t read all the comments above but wondering if you know of any way to reduce the taxes from the profits generated through YN? I am in the US and can’t reduce the tax from the proceeds once they are removed from YN.

    I would appreciate any advice you can offer on the subject, (though not a financial advisor nor a tax professional.)

    Be safe, be Blessed,

    Reply
    • I’m not a tax expert so I’m not sure how things will be for you in the USA. However, in the UK as long as I’m compounding I don’t need to declare it (until I withdraw some or all of the profits to my bank). I also do this through my company so I’m liable for corporation tax, but most other investors won’t be, so each person’s situation is likely to be different.

      Reply
  28. I’m so much interested in YiedNodes, but I’m just a student and I only have 50Euros. Please is there a way I can still invest?

    Reply
  29. The ongoing management costs of the platform are taken from the monthly profits (15% of profits are taken as a Yieldnodes operating fee), and the returns shown are net of any fees taken by Yieldnodes.
    Ok so does this mean that the 15% that is taken is from Yeildnodes profits and not the investors account , i just need it cleared up on this matter , i have a few friends interested in investing to it Yeildnodes , but where unsure on the is matter , by the way i love what you have done , great report on Yeildnodes and watched and followed you there this past while ,

    Reply
    • Hi Simon. Your principal investment doesn’t get any money taken from it in fees. They take 15% of profits they generate, and the returns shown on the website are after these fees have been accounted for. Therefore, the returns you see are what you will receive in your accounts. I hope that helps.

      Reply
  30. Great review thanks so much.

    I’ve a question you might be able to help me with…

    Do you know if the performance of the crypto market effects the returns? Ie, when the bubble bursts, as it will eventually, will the yield nodes method of investment/proof/stake or work or whatever it is… still be able to make the same returns?

    Or does it need a bull run to be able to make it work?

    Reply
    • Hi Fred. I do discuss this with the CEO in one of the videos, but basically, the current bear market does impact returns but doesn’t put the project under threat. If crypto completely collapses then of course the project would likely to collapse lie everything else, but pullbacks in the market aren’t too bad for the project overall.

      Reply
  31. A comment said that “he hopes it lasts five years”. Is this only for a limited time? When that time comes will I get my investment and profits (if compounded) back or will I lose it?

    Reply
    • There is no time limit, it’s just unusual for investments like this to keep going for many years, so people are hopeful they can get 5+ years out of it.

      Reply
  32. Hi Jon
    Great site thank you
    I notice YN have withdrawn the May returns from their website. Is there a problem because of BTC volatility?
    Regards Brian

    Reply
  33. hi, i have seen some of your videos about Yielnodes. last month I made a deposit in bitcoins, but now I want to make one in a new account in sapphire. I have my new account, I have seen the process to do it, but when I get to the point where I have to make the deposit in sappwallet, I don’t know how to do it. the instruction says that this must be downloaded to the pc, but what I downloaded from sappwallet was a zip and this does not allow you to do anything. forgive me for addressing you. I’ve already written to yieldnodes, but I can’t find a way to paste the address on that page because I don’t know how to do this step. could you help me with this please?
    Thank you

    Mi e-mail is helenalondono06@yahoo.com

    Reply
  34. Hey, I really love yieldnodes and their monthly returns; they have been consistent and lucrative. However, I know that it is high risk and the company can disappear whenever because they are experimenting themselves. I am curious to know if there is anything out in any market that can give back 10% monthly returns as well. I would really appreciate your response. Thank you so much.

    Reply
    • I’m working on a platform of my own that will provide very high yield and not require funds to be sent to a third party. Keep your eyes on my Youtube channel for more details in the next few weeks…..

      Reply
  35. Jon,
    During the audits did anyone actually audit specific masternode transactions or just deposits and cash on hand? If the transactions are documented, i.e. which masternoded coins, how many masternodes and monthly payouts in specific coins that would be comforting for those folks like myself and my son who have invested in Yieldnodes. I see some indirect evidence in increasing volumes and prices of the small coins that they state they have masternoded (SAPP, Helio, KYAN, 777, UCR, AZR, etc.)

    Reply
    • Much of the information you’re seeking can be found from public information. For example, you can see the masternode yields here https://masternodes.online/ and then there is the evidence that money is flowing into the coins on here https://coinmarketcap.com/currencies/sapphire/. In the audit I saw the wallets that held all the assets so I was able to verify they hold all the coins you would expect and that the value held in wallets was significantly higher then the total amount invested into the platform (owing to the capital growth these coins have seen in recent months).

      Reply

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