Contributor, Benzinga
April 30, 2024
Yield App
Overall Rating:

Cryptocurrency offers investors diverse approaches to profiting from the market and accumulating wealth. 

You can engage in active trading or securely store your crypto assets, hoping to sell them at a higher price in the future, a strategy often referred to as hodling. You can also participate in token sales at an early stage or explore decentralized finance (DeFi) and yield farming for opportunities. 

But suppose you seek a secure, low-risk strategy to grow your crypto assets. In that case, a more flexible approach is taking advantage of centralized wealth-management platforms like Yield App. 

Yield App is an innovative and regulated digital wealth platform that provides retail and institutional investors with flexible opportunities to invest in cryptocurrencies and earn passive yield from their digital assets. With Yield App, you can instantly convert from fiat to crypto, swap between tokens at the click of a button and earn up to 25% annual percentage yield (APY) on your crypto assets. The platform doesn’t employ leverages or risky lending strategies to generate yields. Instead, it allocates funds to arbitrage opportunities, DeFi protocols and market-neutral strategies to generate returns.

You also can access crypto-structured products that allow you to bet on the direction of the crypto market via Yield Pro and earn increased yields and other rewards by acquiring the native $YLD token. Yield App was founded in 2020 and successfully navigated the 2022 crypto market downturn by using market-neutral strategies that avoid lending out customer funds. Unlike other platforms, Yield App emphasizes asset safety and security over unsustainable and excessively high returns. The platform has garnered a community of over 105,000 users that continues to expand daily.

Read on for a review of this innovative platform, including its benefits, features and the potential risks associated with its usage.

Pros
  • Fee-free crypto swaps
  • Instant fiat deposits and withdrawals
  • Employs risk-averse approach — no leverages or risky lending strategies
  • Highly safe and secure digital assets investment platform
  • Sleek, intuitive and user-friendly interface
  • High APYs — up to 15% on stablecoins and 10% on Bitcoin
  • Overseen by an experienced and reputable team
Cons
  • Unavailable in the U.S.
  • Must stake $YLD token to snag or unlock higher yield
  • Maximum yield rates require a one-year lockup
  • Unclear which DeFi protocol the platform uses
  • Limited crypto assets — BTC, ETH, USDT, USDC, DAI, BNB, AVAX and YLD (native)

Yield App Ratings at a Glance

Customer Service
Security
Fees
Mobile App
User Experience
Overall

What Is Yield App?

Yield App is a digital wealth management platform that allows users to earn high-yield returns on their cryptocurrency holdings. By utilizing DeFi technology, Yield App provides users with access to a range of investment options that offer more lucrative returns compared to traditional savings accounts or other investment vehicles.

Yield App Features

Yield App offers a wide range of features including direct fiat rails for easy on/off ramping, instant crypto swaps and crypto-structured products comparable to traditional financial markets. Here’s a comprehensive breakdown of its features and product offerings.

Earn Interest Yields on Crypto

Yield App’s most compelling feature is the opportunity it offers investors to earn interest on a few popular cryptocurrencies, including Bitcoin, Ethereum and stablecoins. The platform provides daily compounding interest, enabling investors to maximize their digital assets.

The Yield App utilizes a market-neutral strategy to generate positive returns in all market conditions by investing in low-risk DeFi opportunities in the Web3 ecosystem. They use a proprietary risk model and invest in crypto arbitrage strategies managed by top specialists globally to achieve impressive risk-adjusted returns at low risk.

They offer three earning categories with varying APYs and lock-up periods.

  • Earn+ 365: In this high-earning category, you can earn the highest APY, with around 15% on stablecoins and up to 10% on Bitcoin and Ethereum. However, this category requires you to lock up the crypto assets for at least 365 days and is exclusive for Diamond tier members.
  • Earn+: In this category, you need to lock up the crypto assets or tokens for at least 30 days to earn APYs or interest up to 8% on Bitcoin and Ethereum and up to 13% on stablecoins.
  • Flexible: In the Flexible category, your assets remain liquid, and there’s no lock duration. You can redeem them anytime, and rates can go up to 4.5% on Ethereum and up to 11% on stablecoins.

Remember, these APYs are subject to the Loyalty tiers.

Yield Pro 

Yield Pro allows investment in crypto-structured products, which are financial instruments based on cryptocurrencies and offer specific investment features or strategies. These include derivatives and options for investors to take positions in the crypto market. They offer a variety of products to generate yields in different market conditions, with a Simulator App available for investors to try them out for free.

  • Sell-high (dual currency): This versatile yield enhancement strategy involves two currencies, often stablecoins and other digital assets like BTC or ETH. It is ideal if you’re holding a cryptocurrency like BTC and are willing to sell it at a higher price than the current market value during price appreciation. You can choose the maturity period (in days) from various options.
  • Buy-low (dual currency): This yield enhancement strategy is essentially the inverse of the sell-high dual currency. It is ideal if you’re holding fiat money or stablecoins and are happy to acquire crypto assets at a lower-than-market price during a price decline. At maturity, you can convert your principal investment to the crypto asset, depending on whether the final spot price is higher or lower than the strike price.

Other products such as Range, Sharkfin and Target will be introduced at a later stage but you can still try them using the simulator app.

Zero-fee Assets Swap

Yield App facilitates seamless large- and small-scale digital asset swapping, enabling investors to exchange up to $100,000 worth of crypto and fiat daily without leaving the platform. The platform leverages its integrated application programming interface (API) to deliver real-time pricing — the quote you see is what you pay, and there are no hidden swap fees.

Yield App supports 15 cryptocurrencies, including BTC, ETH, USDC and USDT, alongside fiat currencies — GBP and USD. You can set it to automatically deploy all new swaps into one of your Earn portfolios, allowing your swapped digital asset to start earning interest immediately. The intuitive swapping interface lets users complete crypto-to-crypto and fiat-to-crypto swaps in seconds. Remember, you must have completed your Know Your Customer (KYC) level 2 requirements and have funds in your digital wallet to enjoy these features.

Instant Deposit and Withdrawal

Yield App offers unique and robust fiat rails and gateway for EUR and GBP, allowing easy and smooth bank deposits and withdrawals. You can deposit fiat directly from your bank account at zero fees. Your assets will be instantly credited to your Yield App account, allowing you to convert them to crypto and start earning immediately. Thanks to its partnerships with Fiat Republic, you can get virtual international bank account number (IBAN) addresses or authorize bank transactions using only biometric authentication or Face ID.

When making your initial deposit, you’ll usually need to complete a brief questionnaire regarding your investment knowledge and experience. Subsequently, you can generate an IBAN account for EUR or a U.K. bank account number for GBP in your name. The platform streamlines direct connection to major banks and fintechs (PayPal Inc., Wise and Revolut). Again, it supports top fiat transfer providers, including single euro payments area (SEPA), Faster Payments and Society for Worldwide Interbank Financial Telecommunications (SWIFT). Withdrawal can take up to five business days, and withdrawal fees are applicable.

Haven1 Blockchain - Incubated by Yield App

Haven1 is an Ethereum virtual machine (EVM)-compatible blockchain that aims to promote on-chain finance adoption while providing a secure and robust infrastructure. It features a unique provable identity framework, traditional finance elements, and a Proof of Authority consensus mechanism for network-level risk controls.

Haven1 is a provable identity framework that allows for innovative use cases in the DeFi space, such as on-chain lending based on real-world credit scores. It offers a scalable infrastructure with compatibility with Ethereum tools and infrastructure, allowing for seamless integration and quick development. Haven1 will launch with products like HavenSwap, HavenLend, and HavenPerps.

Yield Token ($YLD)

Yield App's native token, $YLD, is an ERC-20 crypto token primarily used as a membership token. It enables users to access higher interest rates and additional benefits as they progress through the tier structure. To unlock higher interest rates, you must stake or lock $YLD. The amount of $YLD you have staked or locked determines the yields you can earn. You also can unlock rewards by staking or locking a specific amount of $YLD in your Yield App wallet, with daily rewards earned based on your YLD balance. The table below shows the loyalty tier levels running from Bronze to Diamond.

Membership tierYLD stakedFree withdrawalsVIP chatAnnual RatesYLD annual lock
Bronze0-999 YLDNoNoup to 7%0%
Silver1,000-9,999 YLDNoNoup to 8%12%
Gold10,000-19,999 YLDNoNoup to 9%12%
Diamond20,000 YLD +3 crypto & 1 EUR /GBP per monthYesup to 15%12%

After Dec. 31 if you stake YLD on the Yield App platform you will begin to accrue daily locked H1 tokens as rewards. This brings added utility to the $YLD token but also a unique opportunity to participate in Haven1 right from the start. Essentially, you are receiving a linear airdrop of H1 tokens along with the tier benefits you are already receiving through the $YLD on Yield App. Do note however, you will no longer receive $YLD rewards.

Education Resources — The Yield Blog

Yield App offers a variety of educational resources through its blog, covering topics such as blockchain technology, crypto-structured products, market analysis, and interviews with cryptocurrency thought leaders. The blog provides comprehensive articles on various subjects to help readers stay informed about the cryptocurrency industry.

Yield App Customer Service

Yield App provides around-the-clock customer support through various channels, including live chat on the company’s website, instant messaging platforms like Telegram and Discord. The response time is less than a minute, and the support team is professional and efficient in addressing inquiries and complaints. You can also reach them via email at support@yield.app.

The Help Center provides FAQs for common inquiries, and Yield App is active on various social media platforms, including LinkedIn, YouTube, Facebook, Instagram and X, formerly Twitter, for community engagement and sharing updates and insights.

Yield App boasts an impressive Trustpilot rating of 4.5 out of 5 based on reviews from 176 users. The reviews overwhelmingly highlight the company’s dedication to customer support and the quality of its product offerings. One reviewer’s comment captures it well. “In a world of volatility, Yield App provides customers with peace of mind." From Benzinga’s perspective, this comment succinctly describes Yield App.

Yield App Security

Yield App provides institutional-grade security to protect investors’ portfolios or digital assets and data. The platform employs multiple capital preservation approaches to protect your investment while generating yield. These include robust risk-management strategies, market neutral strategies, diversification and due diligence. Yield App uses an internal proprietary 135-point risk model to allocate funds to DeFi pools and external alpha managers. It doesn’t lend clients’ digital assets, so it has no exposure to the risks associated with unsecured lending.

Yield App diversifies portfolios across base asset, manager and return strategies to achieve higher risk-adjusted returns while minimizing overall portfolio risk. They focus on liquidity provision and systematic trading strategies, including arbitrage, with external managers who have proven track records and pass due diligence processes to protect client assets from unnecessary risk exposure.

The company uses in-house multiparty computation (MPC) to protect digital wealth, which is a cryptographic technique allowing multiple parties to compute a function over their inputs while keeping them private.

Yield App also has strict internal controls to protect investors' data, with personally identifiable information stored securely and accessible only to authorized administrators. They use cutting-edge technologies to safeguard accounts and prevent DDoS attacks, including military-grade encryption and blockchain-based security measures for encryption keys.

Yield App is regulated in Italy as an EU virtual assets service provider and requires investors to complete the KYC process before trading. This helps prevent fraud and unauthorized access. Additional security measures include 2FA, activity logging, alert emails, session monitoring, bug bounty, and address whitelisting.

Yield App Fees

To start earning on the platform, you must create an account, complete your KYC and deposit a minimum of $100. Yield App partnered with premier fiat rail providers to offer simplified and uninterrupted EUR and GBP on- and off-ramping, allowing users to deposit as little as 1 Euro or 1 GBP. There are no applicable deposit or swap fees. However, withdrawing an asset from your Yield App account to an external account attracts a small charge of 0.1% with a minimum fee of 15 EUR/GBP. You may also get a fee waiver depending on the amount of your $YLD holdings or membership tiers on the loyalty program.

For instance, the first three monthly withdrawals are free for Diamond tier members. All users enjoy a free transfer to other Yield App accounts. Deposits typically happen instantly, although in some cases, they may take up to three business days to process, while withdrawals can take up to five days. Essentially, using the Yield App is free, aside from the small withdrawal charges. Yield App also offers various benefits across its loyalty program, from the Bronze to the Diamond membership tiers.

These membership tiers are determined by the quantity of your staked/locked $YLD. Each offers unique benefits, such as increased interest rates, access to exclusive products and additional rewards. For instance, Diamond Tier members enjoy access to an exclusive discord community that allows them to interact with the reputable Yield App team and other members of their tiers. You can review the previous table for the membership tiers and associated benefits breakdown. You also can earn up to $25 in BTC when you refer friends via the Yield App referral program, and they use your referral link or QR code.

Yield App Mobile App

Yield App boasts a user-friendly mobile app providing investors with a convenient way of accessing their crypto investments. The mobile app features a sleek and intuitive user interface that streamlines navigation so investors can easily manage their portfolios, check earnings and make transactions seamlessly. The app offers all features available on the web version, enabling investors to take full advantage of all the investment opportunities available on the Yield App crypto outlet.

Overall, Yield App provides a secure and efficient platform for beginners and experienced crypto investors to navigate the Yield App core services confidently and creates an excellent user experience. The mobile app is available for iOS users on Apple Inc.’s App Store and Android users on Google’s PlayStore. It has an impressive 5-star rating in both stores.

Yield App User Experience

Yield App provides a seamless user experience for its community of over 100,000 investors across 140-plus jurisdictions. Account registration or setup is hassle-free and takes only a few minutes, although the KYC process may extend up to three days. Once approved and the onboarding process is completed, users can swiftly deposit funds through multiple options, benefit from competitive interest rates on various cryptocurrencies and choose from a range of investment products to suit their financial goals.

The mobile app allows for convenient management of assets, and the multitiered membership system incentivizes users to hold and stake YLD tokens for added benefits. Yield App also prioritizes user security, providing robust and cutting-edge infrastructure to protect accounts and user assets. The platform’s risk-management approaches ensure yields are generated regardless of the market direction, preserving investors’ capital and eliminating risks.

The platform also maintains responsive customer support, enhancing the user experience for both newcomers and experienced crypto enthusiasts. The web and mobile interface is simple to optimize seamless navigation and offers easy access to essential features and investment opportunities.

Yield App vs. Competitors

Yield App has a few competitors like Nexo that also allow investors to stake coins and earn high-interest yield. But unlike Nexo, Yield App employs highly liquid and low-risk market-neutral strategies, diversification and a rigorous risk-management and governance framework. This approach is Yield App’s core competitive advantage and has enabled it to navigate challenging market conditions and gain trust in the cryptocurrency industry. For instance, Yield App has steered clear of over-leveraged and risky aspects of the cryptocurrency market that resulted in the 2022 crypto contagion. It also successfully avoided the fate of collapsed platforms like BlockFi, Voyager and Celsius, ensuring the safety and security of clients’ assets while maintaining a strong and stable position.

  • Nexo
    Best For:
    long-term cryptocurrency investors
    VIEW PROS & CONS:
    securely through Nexo's website
  • eToro
    Best For:
    Social Investing
    VIEW PROS & CONS:
    securely through eToro's website

    Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

  • Coinbase
    Best For:
    Active Crypto Traders
    VIEW PROS & CONS:
    securely through Coinbase's website

    Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Yield App Overall

Yield App is a standout choice for investors seeking lucrative or high-yield crypto investment options. Its range of features and user-friendly interface provide a convenient platform for managing digital assets. Its commitment to safety and regulatory compliance offers peace of mind to users concerned about security.

Yield App is controlled by a highly experienced and reputable team, with members who have accumulated decades of expertise in traditional and decentralized finance. Its uniquely tiered membership system also incentivizes users to stake YLD tokens and unlock higher interest rates. Overall, the platform has solidified its reputation as a reliable and secure option for crypto investors. However, it’s unavailable in most jurisdictions, including the U.S., and you must consider its cons before registering.

Frequently Asked Questions

Q

How safe is Yield app?

A

Yield App prioritizes safety and security, employing robust measures to protect users’ assets, including military-grade encryption and strict due diligence processes for protocols and external managers.

 

Q

How long does it take to withdraw money from Yield app?

A

Withdrawal on Yield App can take up to five business days.

 

Q

What is the minimum deposit for Yield app?

A

A minimum deposit of $100 is required after account opening to stake and start earning.

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