Anchor Description
Get immediate access to funds from your bank account, allowing you to buy and sell both whole and fractional shares starting from just $1. Enjoy trading without commission fees on any US stocks or ETFs, enabling you to maximize your investments without extra costs. With the option to invest in popular digital currencies like Bitcoin, Ethereum, and Ripple, our secure trading platform is available 24/7 for your convenience. You can earn as much as 5% APY on various cryptocurrencies and benefit from an impressive 8% APY through our high-yield interest accounts. Once you link your bank account, trading begins immediately, eliminating any waiting time. Interest is accrued daily, allowing you to see your earnings grow in real-time, as the interest you accumulate is automatically reinvested, compounding your returns. We cater to global users with support for crypto deposits and withdrawals, while fiat transactions are limited to the US. This offers a streamlined and efficient way to manage your investments and grow your wealth over time.
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Anchor Features and Options
Anchor User Reviews
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Absolutely Evil Date: Dec 16 2024
Summary: Its hard to find the words to describe how incredibly bad this company is. They should be in federal prison.
Positive: There is nothing to like about AnchorUSD. They are lying, cheating thieves.. Once they have your money, good luck getting it back. Everything about their system and app, is completely convoluted on purpose.
Negative: This company is owned and operated by the scum of the earth. There is not a redeeming quality about a single soul involved in this company, and their disgusting and completely dishonest business practices.
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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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