Audience
Traders, crypto users and anyone in need of a solution to trade, send, and earn on stocks and crypto
About Anchor
Instant funding from your bank account. Buy and sell whole shares, or fractional shares with as little as $1. Trade commission-free, no commissions to trade any US stocks or ETFs. Trade commission-free, no commissions to trade any US stocks or ETFs. Buy and sell whole shares, or fractional shares with as little as $1. Invest in your favorite digital currencies with our secure trading system, at any time of day. Earn up to 5% APY on Bitcoin, Ethereum, Ripple, Litecoin and more. Earn up to 8% APY compound interest with our high yield interest account. Once your link your bank, you can start trading instantly without waiting. Interests are paid out daily, not monthly, not weekly, but daily! This means you earn everyday and the interest you earn is reinvested back into your interest account, earning even more interest. We support crypto deposits and withdraws for users globally. Fiat deposits and withdraws are US only.
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Anchor Product Features
Anchor Reviews
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Newbie to Crypto" Posted 2023-06-09
Pros: 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.
Cons: 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.
Overall: 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.
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"AnchorUSD has become a Ponzi scheme" Posted 2022-01-22
Pros: 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.Cons: Everything basically.
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!Overall: Bad! Very bad and I highly advise you stay away from them!
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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!!! -
Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"FRAUD" Posted 2021-12-31
Pros: Nothing.
Cons: 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!
Overall: 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.
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