Yield App Review: Features, Fees, Referral Program, Pros, Cons
Vignesh Karunanidhi
What you'll learn 👉
Introduction
In a world awash with crypto platforms, Yield App emerges as a beacon of innovation and security. This digital fortress is not just another DeFi platform; it’s a crypto super-app that has already won the trust of over 90,000 users globally.
But what makes it the Holy Grail of crypto wealth management? Let’s dive into the labyrinth of its key features, pros, and cons to find out.
What is a Yield App?
| Feature | Description |
| Fiat On- and Off-Ramps | Direct fiat on- and off-ramps for EUR and GBP. |
| In-App Swaps | Swap up to $100k a day within the app. |
| Custodial Wallet | Proprietary institutional-grade security infrastructure. |
| No Gas Fees | Absolutely no gas fees. |
| Daily APY | Up to 11% APY paid out daily. |
Yield App is a DeFi prodigy that catapulted into the crypto scene in 2021 and has been a paragon of resilience, surviving the crypto turmoil of 2022. Unlike other platforms that dabble in risky lending strategies, Yield App employs market-neutral tactics to ensure your digital assets are not just stored but grown.
Key Takeaway: With Yield App, you can earn up to a jaw-dropping 11% APY on stablecoins like USDT, USDC, DAI, and TUSD, and up to 7% on Bitcoin—without the risk of your assets being lent out.
| Portfolio | Membership tier | Redemption period | Redemption period |
| Flexible | All | Instant redemption at any time | ● Stablecoins: 4 – 7% ● ETH: 1.5 – 3.5% ● BTC: N/A ● BNB: 2 – 3.5% ● AVAX: 0.5 – 3% |
| Earn+ | All | 30 days after request | ● Stablecoins: 5 – 9% ● ETH: 3 – 5.5% ● BTC: 2.5 – 5% ● BNB: 4.5 – 6% ● AVAX: 2 – 5% |
| Earn+ 365 | Diamond tier only | 365 days after request | ● Stablecoins: 11% ● ETH: 7.5% ● BTC: 7% ● BNB: N/A |
The $YLD Token: Your VIP Pass
The platform’s native ERC-20 token, $YLD, serves as your golden ticket to higher yields. Think of it as a membership card that unlocks VIP benefits. The more $YLD you stake, the higher your returns. It’s that simple.
Quick Explainer: APY stands for Annual Percentage Yield, a metric that tells you how much you can earn on an investment over a year.
Features: The Treasure Trove
Instant Fiat-to-Crypto Deposits
Yield App has made fiat deposits as easy as pie. Thanks to partnerships with Volt and Fiat Republic, you can deposit EUR and GBP directly from your bank account without any fees.
Zero-Fee Crypto Swaps
Swap between Bitcoin, Ethereum, BNB, AVAX, Tether, USD Coin, DAI, and True USD without spending a dime on fees.
Yield Pro: The Prodigy
Structured products are the new kids on the crypto block, and Yield App’s Yield Pro is leading the charge. These are moderately complex financial instruments that allow you to take specific positions in the crypto market.
Quick Explainer: Structured products are financial instruments designed to facilitate highly customized risk-return objectives.
Read also:
- Best DeFi Trading Platforms: What Are the Top DeFi platforms?
- Best DeFi 2.0 Coins to Buy: The Future of Decentralized Finance
- Best Crypto On-Chain Analysis Tools: Key Features, Drawbacks, and More
How to Get Started?
- Sign Up: Visit Yield App’s website or download the app.
- Verify Identity: KYC is a must.
- Deposit Funds: Use bank transfer or credit card.
- Earn Interest: Choose your token and start earning.
Yield App Fees
Yield App primarily offers a fee-free experience for its users, especially when it comes to swapping between fiat and cryptocurrencies or depositing funds. However, the platform does charge fees for withdrawals. Below is a table detailing these withdrawal fees:
| Cryptocurrency/Fiat | Withdrawal Fee |
| Bitcoin (BTC) | 0.0007 BTC |
| Ethereum (ETH) | 0.01 ETH |
| USDT, USDC, DAI, TUSD | $10 |
| GBP or EUR | $10 |
| AVAX | 0.05 AVAX |
| BNB (BEP-20) | 0.005 BNB |
| YLD (Yield Token) | 20 YLD |
Special Note:
Users who have staked at least 20,000 $YLD on the platform are entitled to 3 free crypto withdrawals and 1 free fiat withdrawal each month.
Referral Program: Share the Wealth, Literally
The Yield App Referral Program is as straightforward as it is rewarding. Designed to benefit both you and your friends, this program is a win-win for everyone involved.
Here’s how it works:
- Share your unique referral code or link, which you can easily find under the “Settings” tab in your Yield App account.
- When your friend uses this code to sign up and invests at least $1,000 into any Earn+ or Earn+ 365 product, both of you receive a $25 bonus in BTC.
It’s that simple! There’s no cap on the number of friends you can refer to, making it an excellent opportunity to earn extra crypto while helping your friends get started on their own lucrative crypto journey.
Conclusion
Yield App is not just another DeFi platform; it’s a financial revolution. With its market-neutral strategies, it offers a sanctuary from the often volatile and risky world of crypto investments. So, if you’re looking to earn high yields without the high risks, Yield App might just be your next best friend in the crypto universe.
