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September 13, 2024
Why doesn't Yieldfund charge investment fees?
At Yieldfund, one of the advantages for investors is that no investment fees are charged. This makes investing more attractive and easier. Many other investment platforms charge fees for managing your investment, processing payments, or for other services. At Yieldfund, we do things differently. But why don’t we charge investment fees? The answer lies in the fact that the investor already incurs costs while transferring the investment to Yieldfund, via bank transfers or crypto-transactions. Below we explain how that works.
Bank transfer fees
When you as an investor want to transfer money to Yieldfund via a traditional bank transfer, you incur fees. This is because banks charge processing fees for transferring money, especially if it is international. These fees depend on the bank, but can range from a small amount to a substantial percentage of the money transferred. Also, payment processing can take several days, depending on the banks and countries involved.
Since you have already paid these bank fees, we feel it is unnecessary to charge additional investment fees. We don’t want to burden our investors with double costs.
Costs in crypto-exchange transactions
Another alternative for investors at Yieldfund is to transfer money through a crypto-exchange. Investors use crypto-exchanges like Bitvavo or Binance to convert their fiat currency (such as euros or dollars) to crypto-currencies like USDT (Tether), the currency Yieldfund accepts.
During this process, the crypto-exchange already charges transaction fees. This includes both the fees for converting fiat money to crypto currency and the fees for sending that crypto currency to Yieldfund’s wallet. These fees can vary depending on the exchange and blockchain network, but they usually amount to a small percentage of the total amount or a fixed amount per transaction.
Because these transaction fees have already been paid by the investor to the crypto-exchange, Yieldfund does not charge any additional fees. The amount you send to Yieldfund in USDT is completely free of additional investment fees from our platform.
Why Yieldfund does not charge additional fees
Yieldfund has chosen not to charge investment fees because we understand that the investor already incurs various costs while transferring the investment. Whether it is through a bank transfer or a crypto-exchange, there are always transaction fees involved. This means that the investor is already spending part of his or her money to perform the transaction itself.
However, many traditional investment platforms charge additional fees for managing the investment, processing payments, or other services. At Yieldfund, we don’t do that, because we believe in a fair approach that allows the investor to get the maximum benefit from his or her investment. Instead of imposing additional fees, we ensure that the transfer goes entirely to your investment, with no part of it lost to platform fees.
Also, external crypto-exchanges charge conversion fees from converting USDT to traditional currencies such as euros or dollars. We explain why you should take this in your mind in the next paragraph.
How are profits paid by Yieldfund?
Yieldfund pays investors’ weekly profits in USDT (Tether), a widely used stablecoin pegged to the U.S. dollar. These profits are sent directly to the investor’s wallet at a third-party crypto-exchange, such as Bitvavo or Binance. Once the investor receives the USDT, he or she can choose to convert it to a traditional currency, such as euros or dollars.
Converting USDT to fiat currency is done through the crypto-exchange. In doing so, the exchange charges transaction fees. These fees can vary by platform and depend on current market conditions, the payment method chosen, and sometimes the amount being converted. So it is important for the investor to consider these additional fees when converting from cryptocurrency to regular currency.
Ready to turn your investment dreams into reality? Invest with Yieldfund today and start earning high returns effortlessly. Make your one-time investment and let us handle the rest, so you can sit back, relax, and watch your income grow.
Disclaimer: The content of this article do not constitute financial or investment advice.
Yieldfund's last trades
AAVEUSDT
Short
+5.47%*
Entry price
98.2800
Exit price
97.7200
AAVEUSDT
Short
+5.43%*
Entry price
97.7800
Exit price
97.2200
GALAUSDT
Short
+5.88%*
Entry price
0.0168
Exit price
0.0167