Yield App Review – Is It Profitable?

As the Web3 space continues to grow and develop, new investors are drawn to opportunities to make money by investing in digital assets. However, making a first foray into crypto is often daunting to those unfamiliar with it.

The team behind Yield App aims to make this transition as smooth as possible for people with little to no experience in cryptocurrencies, or even investment in general. With its simple, intuitive platform Yield App allows users to access digital wealth opportunities no matter their level of experience.

This review evaluates the main features of the Yield App platform, explains how to navigate them, and provides answers to questions including, “is Yield App safe?” and “what fees does Yield App charge?”

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What Is Yield App?

Yield App is a multifaceted digital wealth platform providing users with various ways to manage their digital wealth and earn passive income on their cryptocurrencies. The APYs available can be as high as 15%, depending on several factors we will explain below.

One of the distinctive features of Yield App is a user-friendly approach to design and navigation, which allows users with different levels of experience in crypto and investing to use the app with ease. For example, one of the features that makes the onboarding process easier for beginners is Yield App’s support for fiat currencies. 

It's worth noting, however, that this ease of use doesn't come at the expense of functionality. So while novice investors can easily access crypto via Yield App, professional investors can enjoy advanced features in the Yield Pro section. On top of this, Yield App works with businesses. If you are a company rep, you can undergo a Know Your Business verification and enjoy dedicated features for corporate clients. 

Another pivotal distinction of Yield App is its focus on safety. Importantly, this means not only a high level of protection within the app itself, but also a conservative and risk-averse approach to investing. Yield App’s team strikes the perfect balance between high yields and low risks.

To mitigate risks, Yield App follows a diversified investment strategy, fully excludes all possible strategies that involve collateralized lending, and ensures that all potential investments undergo a rigorous vetting process by its in-house experts before being approved for inclusion in portfolios.

The Yield App Story

Yield App was launched in 2021 and enjoyed rapid success. In the first year after the launch, the Yield App community grew beyond 70,000 users, who entrusted $500 million of their assets to the Yield App portfolio team. 

As of 2024, Yield App boasts over 105,000 users hailing from more than 140 jurisdictions. The company has an excellent score on TrustPilot and was named “Best DeFi project of the year” by GulfBusiness. Yield App’s native token, YLD, is traded on major exchanges like KuCoin, Gate.io, and Uniswap.

Main Features

With Yield App you can perform the following actions:

• Earn interest
• Swap assets
• Deposit fiat money using your card, Google Pay, or Apply Pay
• Access an OTC desk supporting 19 cryptocurrencies, and fiat currencies EUR and GBP
• Access yield enhancement strategies via Yield Pro
• Set “Recurring Buy” (aka dollar cost averaging) automatic investments 
• Access early-stage promising start-ups through the Yield App Angel Launchpad

Now, let’s take a closer look at some of these features. 

Earn Interest

This feature allows users to earn up to 15% in interest annually by staking or locking some cryptocurrencies on Yield App. The highest rate is available on Earn+ 365 products, which require you to commit your crypto for one year. Yield App offers Earn products for over 19 cryptocurrencies including BTC, ETH, USDT, BNB, ADA, DOT, XRP, DOGE, and more. The reward percentage can also be increased by staking certain amounts of Yield App’s native token (YLD).

Swap assets

This service allows for crypto-to-crypto and fiat-to-crypto instant swaps, making the token exchange effortless and providing convenient crypto on-ramps. You can swap over 70 trading pairs. The daily limit is $150,000.

Angel Launchpad 

Yield App's Angel Launchpad sets a new standard by bringing highly vetted, early-stage projects with guaranteed allocations to retail users before they become publicly available.

Each project on the Angel Launchpad undergoes a strict due diligence and vetting process before being presented to users. Token allocation is part of the private funding round, offering a unique opportunity to gain early access to allocations in the most promising crypto projects.

Recurring Buy

Introduced this year, Yield App’s Recurring Buy service allows users to set automated low-volume stablecoin purchases to maximize profits. The user sets the amount, volume, and frequency of purchases and specifies the frequency at which these purchases should be conducted.

Yield Pro

The services for experienced users include yield enhancement strategies in the Yield Pro section. One of them is Dual Currency. This product involves having a view on the future price of a particular asset, like Bitcoin. There are a number of maturity periods available to choose from. 

These yield enhancement products are riskier and require more knowledge than regular Yield App strategies, but they also offer potentially higher APYs. This is why they are part of a separate Yield Pro section.

Referral Program

Like many other digital wealth platforms, Yield App rewards active product supporters via a referral program. Participation in the program requires the completion of Yield App’s KYC procedure, depositing at least $1,000, and deploying this into one or more Earn+ or Earn+365 products. The reward per referral is equivalent to $25.

*not available for residents and nationals of the UK

YLD Token

Yield App has a native token called YLD. Holding this token allows Yield App users to access higher APY rates, plus an array of other benefits. These include increasing levels of priority support for users who hold more than 10,000, 20,000 and 100,000 YLD respectively, a VIP chat room, and early access to new features. These users also enjoy access to the Angel Launchpad, with “Angel” level users (100k+ YLD) able to pledge unlimited allocations to early-stage projects on the Launchpad.

Fees & Limits

Yield App has a clear fee policy. The platform charges users fees in two cases: funds withdrawals (both fiat and crypto) and refunds. These are all clearly stated on the website and discounts are available for higher tier members. “Diamond” users, for example, enjoy one free fiat withdrawal per month. 

Is It Safe to Use Yield App?

Security is an important factor to consider when choosing a digital wealth platform. It doesn’t matter how much money you earn if the platform leaves itself vulnerable to attacks. Luckily, Yield App places the protection of users' funds at the forefront of everything it does, resulting in an impressive track record of a grand total of zero hacks or exploits to date.

Risk Management

As Yield App aims to bring crypto investing to a broad audience, it strives to provide users with the most risk-averse passive income-earning opportunities. Before adding another service, Yield App’s experts assess risks using a proprietary 135-point risk estimation model. 

To prevent users from unnecessary risks, Yield App follows the principles listed below:

Focus on market-neutral strategies

To achieve the safety of clients' investments, Yield App only allocates to market-neutral DeFi pools and follows the highest internal thresholds. Yield App also never lends out user funds. This reliance on market-neutral pools combined with nimble arbitrage strategies helped Yield App to survive the turbulence of 2022.

Portfolio diversification

All of Yield App’s portfolios are diversified across several factors: they are curated by different managers, held in different currencies across several pools, and are further diversified across return strategies. In case one strategy fails, the portfolio balances by relying on other investments.

Due diligence

Yield App doesn't invest in protocols, managers, or strategies that fail to pass its rigorous due diligence processes and procedures. These have been developed by leading asset managers in the traditional finance space and are led by the firm’s Chief Investment Officer Lucas Kiely, a former senior trader at UBS and Credit Suisse. Kiely works closely with the firm’s in-house DeFI investment team to ensure the best opportunities are captured in the most risk-neutral way. This due diligence framework is also constantly evolving with the help and assistance of third-party experts and auditors.

Conclusion

Yield App is a modern and convenient digital wealth platform that provides numerous ways to earn passive income on a range of digital assets. Its simple and easy-to-use UX makes it a great entry point for those new to the crypto world, as well as seasoned investors looking for a place to park long-term assets. 

Unlike many earlier entrants to the market, Yield App has also stood the test of time, and this is a testament to its rigorous due diligence processes. Where so many other yield platforms have failed, Yield App has triumphed and boasts a strong and loyal community. 

The app offers hand-picked risk-averse strategies with institutional-grade security. Seasoned investors, meanwhile, can benefit from using advanced strategies and enjoy access to early investment opportunities previously only available to high-net-worth investors.

Overall, Yield App is a versatile ecosystem suitable for both beginners and professional investors, providing an intuitive and secure place to buy, sell, swap and hold cryptocurrencies over both the long and short term.