yieldnodes average return
You can send Bitcoin (BTC) to Yieldnodes or utilize one of the third-party providers to deposit fiat money (ie USD, GBP, EUR).
April 2021 (profit on yieldnodes: 12.7%)
There is certainly potential to see greater than average returns during a bull run and below average returns on a bear run, however Yieldnodes has been operating long before the ‘bull run’, during times when things were pretty flat and even through some of crypto’s darkest hours, when Bitcoin hit one of it’s all time lows, falling below $5,000 USD in March 2020. During this time, their average return has been 11% monthly.
July 2021 ONE WORLD (OWO), SUVERENO (SUV), CRYPTOSAGA (SAGA), MONK (MONK), ESKA (ESK), BEACON (BECN) (BECN). There have been a number of discussions with other potential coins and standardisation / refactoring of code.
For crypto tax tracking I’ve used Cointracking since 2018. It’s not as pretty looking as some of the newer tools, however it is fast and works really well. If you use this link, you’ll get 10% off.
July 2022 (Yieldnodes profit: 9.2%)What a great month for Yieldnodes? We have not seen a +9% return since October so this was a very pleasant surprise. They have also uploaded the ‘audit’ results form July which you can see when you login to the dashboard on the left hand side.
The short answer is that you should speak to a specialist crypto accountant / tax professional. The reason is that some areas of crypto are still slightly grey. You will want someone who knows your situation well and has the right knowledge to back up any tax questions to make the call.
