Anchor Description
Instant funding from your bank account You can buy and sell fractional shares or whole shares starting at $1 Trade commission-free: There are no commissions for trading any US stocks or ETFs. Trade commission-free. There are no commissions for trading any US stocks or ETFs. You can buy and sell fractional shares or whole shares starting at $1 You can invest in your favorite digital currencies using our secure trading platform, and you can do so at any hour of the day. Earn up to 5% APY with Ripple, Bitcoin, Ethereum, Ripple and Litecoin. Our High Yield Interest account offers compound interest up to 8% APY. Once you have linked your bank, trading can begin immediately without waiting. Interests are paid daily. Interests are paid out daily, not monthly, and not weekly. This means that you can earn every day. This means that you can earn more interest by reinvesting the interest you earn back into your interest account. We accept crypto withdrawals and deposits from users around the world. Only US fiat deposits and withdrawals are allowed.
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Anchor User Reviews
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Newbie to Crypto Date: Jun 09 2023
Summary: I was completely new to crypto and was recommended to this APP by a friend. It seemed easy enough to set up and get going, but their model has changed: There are no more interest payments on crypto, you cannot transfer USD into your account to buy crypto, now you have to use debit or credit cards, but their interface for selecting which card to use doesn't work, and there is some issue on their end that is causing my card to be continually declined, even though it once worked. They keep telling me it's the bank. They have very little by way of tools for functionality one would expect with a trading platform.
Positive: Fairly easy to set up, and get money in initially, but not so anymore. Lots of crypto and tokens to purchase, many many options. The design is pretty simple so good for a beginner.
Negative: No real reports, extremely poor customer support, seems like high fees to me, but very little transparency about that since there are no real reports or clear calculations displayed upon purchase and sale. No real tools.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
AnchorUSD has become a Ponzi scheme Date: Jan 22 2022
Summary: Bad! Very bad and I highly advise you stay away from them!
I use to be pro AnchorUSD. I suggest them to newcomers because of easy app usage but things were gone downhill fast and they still trying to get people to invest unfortunately. I hope they see some lawsuits soon because there's countless people locked out of their funds.
Just search #anchorUSD on twitter and you won't see a good word about them. Also they cleaned the r/anchorusd reddit feed which use to be full of comments.
STAY AWAY FROM AnchorUSD!!!Positive: The only pros is still an UI but UX has long gone.
The app use to be really great and support responsive but after they changed the owner all pros were slide downhill in incredible fast speed.Negative: Everything basically.
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Accounts locked for no reason, customer respond can't be reached in any way, withdrawals stuck and not moved on.
Basically whatever you give to this firm you'll basically throw your funds away! -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
FRAUD Date: Dec 31 2021
Summary: Horrible, no customer service, no response to complaints, no recourse. Horrible, no customer service, no response to complaints, no recourse. Horrible, no customer service, no response to complaints, no recourse.
Positive: Nothing.
Negative: Everything. Read their Twitter, Facebook, any review. They are incompetent and thieves. No response, no customer support, no WITHDRAWING YOUR money. Class action lawsuits have been filed. STAY AWAY!
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