yieldnodes member
However, unlike many other high-yield passive income options, Yieldnodes allows you to withdraw your deposits (you just earn incentives), which is a significant advantage. It should be noted that each compound is also a 'deposit,' and so is subject to the 6-month lockup. There is a 48-hour emergency withdrawal feature, but there is a 25% penalty.
I've been using Cointracking for crypto tax tracking since 2018. It is not as aesthetically pleasing as other contemporary tools, but it is extremely quick and effective. By using this link, you'll receive a 10% discount.
Why have I chosen $5,000 and Jan-May 2021 timeframe? Because this $5,000 is 50% of what I saved converting the van, and at the time of writing, Jan-May 2021 are the full months I’ve been a part of Yield Nodes and earning a share in their profits. Read more on the van conversion and savings here.
Everything in Yieldnodes is pegged to the EURO (EUR). When you deposit, your masternoded balance, rewards and reports will be quoted in EUR.
One thing I like about the service is that Yield Nodes let you take out all or part of your monthly yield or have it added to automatically. You could start taking out your returns every month, or you could let them keep growing. You could do either or both.
Note that while monthly withdrawals are permitted, all deposits (even compounds that are considered as "deposits") are locked for six months. There is an emergency money release, however there is a price associated with it. This topic is elaborated upon in the FAQ.
However, with many other high-yield passive income opportunities you cannot withdraw deposits (you only receive rewards), so this is a big plus for Yieldnodes. Keep in mind that every compound is also a "deposit" and must be locked up for 6 months. You can take out money in an emergency within 48 hours, but you'll have to pay a 25% penalty.
