How To Withdraw Your Profits From Yieldnodes (Step By Step)

How To Withdraw Your Profits From Yieldnodes

Understanding Compounding

There is an automatic compounding section. This section provides a lever that you can move left or right to determine how much of the monthly profits you want to auto reinvest and compound back into yieldnodes or make available as profit to withdraw in terms of deciding that.

Automatic Compounding
Automatic Compounding

My Goals with this Yieldnodes Investment

I typically make a spreadsheet to figure out what my goals are for the product and when i’d like to reduce my capital risk. I really like yieldnodes and consider one of my lower risk investments as it has a  sustainable business model, a pretty transparent operation and you have access to the leadership team but with any company there’s always risks and anything can happen. So always consider that with your investment and have a risk tolerance in mind.

Spreadsheet To Figure Out What My Goals
Spreadsheet To Figure Out What My Goals

For myself I want my profits and yieldnodes to coutinue growing but I do want to be risk-free and that I want my full capital investment back by the end of 2021. So I’ll set my compounding profits to 50 with my initial investment of 2394 euros into the flatform over the course of 2021 assuming the monthly return ratios hold I could see a return of 3895 euros. All while still increasing my base investment with the 50% compounding of profits I should essentially break even early fall of 2021 and I’ll be pretty happy with that so to show you the withdrawal process.

Money At Risk
Money At Risk
Total Return 2021
Total Return 2021

Best Time To Request Withdrawals

Keep in mind that Yieldnodes doesn’t store your investment in a state to quickly pull funds out; they need to decommission servers and sell off minted coins at optimal prices to ensure you receive the highest yields possible by operating within these withdrawal windows. The people at yieldnodes can better manage how to release the capital for your withdrawals, maintaining the masternodes is their primary responsibility to ensure we all receive high-yield returns. So keep this in mind when investing in yieldnodes so you know what to expect during the withdrawal process. They ask that you make withdrawal requests between the 1st and 15th of the month and you can expect your returns on or before the 8th of the following month.

Why Should Withdrawals Be Looked Before The 15th Of The Month.
Why Should Withdrawals Be Looked Before The 15th Of The Month.

Initiating The Withdrawal

So now, I’ll show you the process on the withdrawal page, you can see I have 113 euro and 35 cent that I can withdraw, so the first thing you need to do is manage your wallet so I need to add a new wallet here so I’m just going to give it a title, I’ll put in my wallet address there. I have two factor authentication turned on so I’ll need to make sure I enter the right code.

Managing Wallets
Managing Wallets
Confirm Two Factor Authentication
Confirm Two Factor Authentication

So, now I’ve added a wallet and chosen the amount I’m going to withdraw. I’m going to withdraw all of the money. Hit the withdraw button, another two-factor authentication message, enter the right code, ok done so the withdraw request has been submitted.

Withdraw Profits
Withdraw Profits
Confirm Two Factor Authentication Withdraw
Confirm Two Factor Authentication Withdraw

Then down here at the bottom you can see I have a pending withdrawal for 113 euros and 35 cent and you’ll notice a pending withdrawal here has been posted of 113 euros and 35 cent and the withdrawable area has now disappeared.

Pending Withdrawal
Pending Withdrawal
Pending Withdrawal Top
Pending Withdrawal Top

So as it states on this message I’ve made the request on December 1st. It’ll be processed before the 8th of next month so before January 8th, I should receive this money.

Processed Before 8th of the next month
Processed Before 8th of the next month

Readmore: Is Yieldnodes Scam or Yieldnodes Legit

Withdrawal Received

The withdrawals were earlier than expected. You can see this withdrawal notice in Yieldnodes 113 euro and 35 cent exchange for 0.00609508 bitcoin request submitted on December 1st with their request approved on December 22nd and paid out that same day at the time that bitcoin is now worth 117 euro and 61.

Withdrawal Received
Withdrawal Received

I’ll show you my email from ShakePay 0.00609508 BTC to my wallet so it is great to see ShakePay is an exchange that I use to buy bitcoin with Canadian dollars.

ShakePay
ShakePay

Read more: YieldNodes review – a Cryptocurrency Investment Platform

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About the Author: Daki