What is Anchor?

Gain instant access to funds in your bank account, empowering you to trade both whole and fractional shares starting at just $1. Experience commission-free trading on all US stocks and ETFs, which helps you enhance your investment potential without incurring additional fees. Our reliable trading platform operates around the clock, allowing you to invest in popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple at your convenience. You can earn up to 5% APY on various cryptocurrencies and enjoy an attractive 8% APY through our high-yield interest accounts. After linking your bank account, you can start trading right away, ensuring there is no delay in getting started. Daily interest accrual means you can witness your earnings increase in real-time, while the interest you earn is automatically reinvested to boost your returns. We proudly serve a global audience, supporting crypto deposits and withdrawals, although fiat transactions are exclusive to the US. This approach provides a seamless and effective method for managing your investments and ultimately building your wealth. Additionally, our user-friendly interface makes it easy for both beginners and experienced traders to navigate the platform with confidence.

Screenshots and Video

Anchor Screenshot 1

Company Facts

Company Name:
Anchor
Date Founded:
2018
Company Location:
United States
Company Website:
www.tryanchor.com

Product Details

Deployment
SaaS
iPhone
iPad
Android
Training Options
Documentation Hub
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Anchor Categories and Features

Anchor Customer Reviews

Write a Review
  • Reviewer Name: A Verified Reviewer
    Position: Boss
    Has used product for: 2+ Years
    Uses the product: Yearly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 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.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Owner
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 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.

    Read More...
  • Reviewer Name: Simple P.
    Position: Van driver
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 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.
    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!

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Self employed
    Has used product for: 1-2 Years
    Uses the product: Yearly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 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!

    Read More...
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