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Yield App Review 2023 – Features, Pros & Cons

Michael Graw
Last updated: | 8 min read

Yield App is a crypto super-app. It lets users convert from fiat to crypto instantly, swap between tokens in a click, and earn up to 11% APY interest on their digital assets. Yield App never uses leverage and doesn’t engage in risky lending strategies to generate returns for customers.

The platform is already trusted by more than 90,000 users around the world. So, is Yield App right for you? Our Yield App review will take an in-depth look at the features, pros, and cons of this DeFi service.

What is Yield App?

Yield App is a DeFi platform that helps users earn interest on their crypto holdings. The platform launched in 2021 and survived 2022’s crypto contagion thanks to its use of market-neutral strategies that don’t involve lending out customer funds.

With Yield App, users can earn up to 11% APY on stablecoins and up to 7% APY on Bitcoin. Users can also swap between cryptocurrencies instantly with no fees.

Yield App also offers Yield Pro, which includes crypto-structured products that allow investors to bet on the direction of the crypto market. Users can try out Yield Pro risk-free using a simulator app.

What is the $YLD Token Used For?

Yield App offers its own ERC-20 crypto token, $YLD.

$YLD is primarily a membership token. Users must stake or lock $YLD to unlock higher interest rates. The yields that users can earn depend on how much $YLD they have staked or locked. They can also earn additional rewards on staked or locked $YLD. 

Yield App Pros & Cons


  • Earn up to 11% APY on stablecoins
  • Never engages in risky lending strategies
  • Instant fiat-to-crypto deposits
  • Swap cryptos with no fees
  • Offers crypto-structured products through Yield Pro


  • Must stake $YLD to unlock higher yield rates
  • Highest yield rates require 1-year lock-up
  • Not available in the US

Yield App Features

Yield App is packed with features to help users seamlessly manage their digital assets.

Earn Interest on Crypto

The most important feature that Yield App offers is the ability to earn interest on a range of popular cryptocurrencies, including Bitcoin, Ethereum, and stablecoins. Users can earn up to 11% APY on stablecoins.

Interest is compounded daily at Yield App, enabling investors to get the most out of their crypto.

Instant Fiat-to-Crypto Deposits

Yield App offers instant fiat-to-crypto on and off-ramps for EUR and GBP. Users can deposit fiat directly from a bank account using SEPA orFaster Payments with no fees, then convert to crypto immediately.

Yield App has also established partnerships with Fiat Republic and Volt to make payments even smoother. Customers can get virtual IBAN addresses or authorize bank transactions using only biometric authentication or Face ID.

Zero-fee Crypto Swaps

Yield App users can swap between any of the tokens the platform supports with zero fees. There are also no fees for swapping between crypto and GBP or EUR.

Yield Pro

Yield Pro is a unique service from Yield App that enables users to invest in crypto-structured products. Structured products are common in TradFi, but have not been frequently deployed in the world of digital assets.

These products are moderately complex, but they enable investors to take highly specific positions within the crypto market. For example, the Range product enables investors to earn a return if a crypto token’s price settles within a specific range when the investment reached maturity.

Users can try out Yield Pro risk-free using a simulator app for iOS and Android.

Supported Cryptocurrencies

Yield App currently supports 6 cryptocurrencies for swapping and earning:

  • Bitcoin
  • Ethereum
  • Tether
  • USD Coin
  • DAI
  • True USD

Earning Interest with Yield App

Yield App offers interest rates up to 11% APY. However, the amount you’ll earn depends on the token, whether you choose to lock your tokens and how long for, and how much $YLD you stake and/or lock.

Here are the maximum interest rates for different tokens and lock-up periods:

 Flexible30-day Lock-up365-day Lock-up
BTCNot available5% APY7% APY
ETH3.5% APY5.5% APY7.5% APY

The 365-day lock-up is only available to users who stake at least 20,000 $YLD (Diamond Tier members).

Here are the $YLD staking requirements for different interest rate tiers:

$YLD StakedMaximum Interest Rate
0-9995% APY
1,000-9,9996% APY
10,000-19,9997% APY
20,000+11% APY

Users can earn 12% APY when they lock their $YLD for 12 months.

Payout Frequency

Yield App compounds interest daily. All rewards are automatically reinvested to earn additional interest.

How Does Yield App Support Its Interest Rates?

Yield App uses market-neutral strategies to generate returns for customers. These include liquidity provision, market making, and investment strategies that are evaluated using a 135-point risk assessment model.

Importantly, Yield App never uses leverage and never lends out customers’ cryptocurrency. Avoiding these risky strategies helped Yield App maintain its yields throughout 2022 and avoid the contagion that affected other DeFi platforms.

Yield App Payouts

Yield App makes it easy to get paid out. Users can send crypto to a wallet address or swap crypto to fiat within Yield App and then make an instant deposit to a bank account using SEPA or Faster Payments.

Yield App Fees

Yield App doesn’t charge any fees for swapping between fiat and cryptocurrencies or on its yield products.

There are also no deposit fees at Yield App. The only fee is a withdrawal fee. Withdrawal fees are:

Bitcoin0.0007 BTC
Ethereum0.01 ETH
GBP or EUR$10

Users who stake at least 20,000 $YLD receive 3 free crypto withdrawals and 1 free fiat withdrawal per month.

Referral Bonus

Yield App offers a $25 reward in Bitcoin for referrals. Users can find their personal referral code in their Yield App account. When a friend signs up using their code and invests $1,000 into any Earn+ product, the user and their friend will automatically receive the reward.

Yield App User Experience

Yield App is available on the web and for iOS and Android devices. It’s very straightforward to use.

Users can deposit or withdraw funds in just 2-3 taps and start earning automatically. It’s easy to monitor account balances and interest rewards right from the Yield App dashboard. A swap page lets users convert between fiat and cryptocurrencies in seconds.

Customer Support at Yield App

Yield App offers 24/7 customer support by email. Users who stake at least 20,000 $YLD can also get in touch by live chat.

The Yield App website includes a very detailed help center that covers everything from how to start earning interest to how to withdraw funds.

Is Yield App Safe?

Yield App has consistently delivered earnings for its users since the platform launched in 2021. The service is run by financial professionals with decades of experience in TradFi and DeFi. Yield App’s in-house experts are frequent contributors to industry publications including Reuters, CoinDesk, and Cointelegraph.

Yield App never uses leverage or engages in collateralized lending, risky practices that were behind the failure of many DeFi firms in 2022. Instead, Yield App uses market-neutral strategies to generate returns and carefully evaluates the risk of every capital deployment. Yield App also uses 256-bit encryption to protect users’ accounts.

Yield App has more than 90,000 users around the world and has a 4.4-star rating on Trustpilot. The service has processed more than $2 billion since launching.

How to Start Earning Interest with Yield App

It’s easy to get started with Yield App. Here’s how to sign up and start earning interest.

Step 1: Sign Up for Yield App

Visit Yield App’s website or download the mobile app. Click or tap ‘Sign Up’ and then enter an email address and password. Enter the emailed code to complete registration.

Step 2: Verify Identify

Yield App follows Know Your Customer requirements. All new users must upload a copy of their driver’s license or passport and take a selfie to verify their identity.

Step 3: Deposit Funds

Users can buy crypto through Yield App instantly with a bank transfer or using a credit card. Click ‘Buy’ in the app menu and enter the amount and token to purchase. Then click ‘Buy’ to complete the transaction.

Step 4: Earn Interest

Now users are ready to start earning interest on their crypto. Just click ‘Earn,’ select the token to earn interest on, and start earning.


Yield App is a DeFi platform that makes it easy to earn up to 11% APY on cryptocurrencies. The platform supports Bitcoin, Ethereum, and popular stablecoins, plus offers an instant and fee-free on-ramp from GBP and EUR. Yield App supports its interest rates with market-neutral strategies, protecting investors from the risky lending practices used by other DeFi platforms.

Check out Yield App today to start earning interest on crypto.

Yield App FAQs

Do I need $YLD to earn interest on Yield App?

Users can earn up to 5% APY on their cryptocurrencies without owning or staking $YLD. However, the more $YLD users stake, the more they can earn. Yield App offers interest rates up to 11% APY for users who stake at least 20,000 YLD with a 1-year lock-up period.

Can I withdraw funds from Yield App at any time?

Withdrawals from Yield App to a crypto wallet or bank account are typically instant. Users can withdraw crypto from Flexible products at any time. If a user requests to redeem from a portfolio that locks funds for 30 or 365 days, they must wait for the lock-up period to end before they receive the funds in their wallet.

Is Yield App available in the US?

No, Yield App is not available to US residents. Yield App is available in 140+ countries worldwide.

Are there deposit fees at Yield App?

Yield App doesn’t charge any deposit fees. Users can deposit fiat or crypto fee-free, then swap among cryptocurrencies or between fiat and crypto without any additional fees. There is a small withdrawal fee, which is waived for users who stake at least 20,000 $YLD.