I am trying out YieldNodes to earn passive income (5-15% per month) and show you everything I earn
Okay, so I just recently found out about this opportunity to profit from the Crypto Market, but instead of trading or holding cryptocurrency, you can invest it in the infrastructure that keeps everything running. Sounds interesting? Read on, I will try to break it up into more detail.
Earning from Master Noding
Maybe you have heard about the concept of "Master Noding" which means setting up and running a Master Node for a Proof-of-Stake blockchain.
These nodes will validate transactions on the blockchain and get rewarded a small fee from every transaction. The downside: they require technical knowledge and often a big chunk ($1000 - 100,000$ worth of the crypto to be staked).
YieldNodes allows Master Noding as a service
Introducing YieldNodes, a company which offers a stake in Master Noding without any technical knowledge or cryptocurrency expertise. You send them Bitcoin or Tether, they buy and run the nodes and share the profits with you. Sounds too good to be true? I thought so, too.
After reading more and more about it, my confidence in the company increased quite a bit.
How does it work?
YieldNodes chooses the cryptocurrencies to create Master Nodes for, runs them on a technical/server administration level and shares the profits with all investors. This is interesting because you can start from $500 which normally would not be enough to buy a Master Node.
Buying a Master Node is a very simplified way of explaining the staking behind this. I can get into more detail in another blog on this.
The company also branched out to work with the blockchains they support through their nodes. This creates further opportunities to create returns which are shared with the investors.
After you invest your first $500, they are locked for 6 months. This is necessary because YieldNodes has to rent servers and needs a certain amount of stability. You can however withdraw your earnings at any point or decide to compound them for the next month for even higher returns.
How much is possible? I can not promise any returns but in the past YieldNodes has had monthly returns of 5-15% and a total average return of 132% since September 2019. That is 249.85% return if compounded monthly.
Why am I trusting them?
I searched quite a bit of reviews on YieldNodes and just found positive reviews and people overall are happy with their experience. There are many blogs who share their income, had no trouble paying out the earnings, and the company seems very transparent overall.
What put me over the edge were two Audits of the whole platform and earnings, that an independent blog (Trade Wise) did. The team is completely doxed (public) and there is a good interview with the CEO available.
The website answers a lot of questions through the FAQ.
A YouTuber I follow (Jesse Eckel) recently shared his 1-month journey of YieldNodes, which was super positive and as he is really open about his wins and losses, I trust this project even more now.
Additionally, YieldNodes added an interesting twist:
Should the yield drop below 5% for 3 consecutive months, your rental payment will be returned along with any accrued profits (if compounded). No fuss – no quibbling!
Negative points & risks
I never used the cryptocurrencies YieldNodes uses to create Master Nodes and make a profit, therefore I have to trust in their expertise and their past returns that they will keep making profits in the future.
My money is completely in their hands, should they go bankrupt everything could be gone. So I am just investing as much as I am willing to lose.
Your deposited funds are locked for 6 months, but you can withdraw all your earnings, should you not reinvest them. This is fine for me as I plan to invest with them for at least a year.
What's my plan?
I started my first investment of
Ƀ 0.01223 €528.38
~ $596,61 today. This will also be an interesting measure of the future Bitcoin price which is $49.017 today.
I plan to set up a monthly investment and reinvest my earnings. This blog is the first of a series where I will detail every income I make from these investments.
If you want to be part of this journey, feel free to give this blog a thumbs up and follow me on here, it would mean a lot!
YieldNodes has an affiliate program, where I earn a 5% commission on deposits. If you want to support this blog, you can use my link to register:
How to get started with YieldNodes
1. Make sure you understand the risks associated with investing with YieldNodes
2. Create an account, preferably use my affiliate link
3. You can start investing right away but to withdraw your returns you need to finish KYC so I would advise to do it right away.
4. There are two ways to pay:
via Bitcoin or USDT via the Tron Network (my Bitcoin payment was very quickly received on the same day)
via an Onramping service which turns your FIAT into crypto for a small fee. 5 different providers are integrated (Onramper, Walleteze, Transak)
5. Decide: if you want to compound your earnings, so you earn extra yield for the next month but also lock them for 6 months or pay them out. Withdraws are done via Bitcoin or SAPP, a cryptocurrency with their own wallet owned by YieldNodes.
That's it. I hope you enjoyed my guide and can do your own research now. I will keep you updated on my progress with YieldNodes!
Do you have any questions? Please ask them in the comments below!
Until next time,
n1ce
None of this is financial advice. Please always do your own research.
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Some other posts you might like:
How to get some solid returns on your stable coins with IRON Finance on the Polygon Network
Understanding Crazy Crypto Yield Percentages: APR vs APY - The Power Of Auto-Compounding Explained
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Giving out information to help other people is very good of you,I'm really glad you wrote this article. I'll check yieldnode out and get to you soon.