The Chinese cryptocurrency space is a different story. While it once was thriving, the country’s back paddling has led it to become one of the biggest critics of crypto. However, it appears that hasn’t stopped it from seeing the value of the digital currency – which is why Yuan Pay Group is such a surprising addition to its financial space Yuan pay Group is a crypto trading platform giving users access to digital assets, including Chinese digital currency – CBDC. The site promises to offer advanced trading tools that scan the market and trade on an investor’s behalf. The site advertises itself as a platform that makes predictions about the crypto price movements accurately to give profitable returns to investors. But how much truth is in these claims? Our guide will assess the different features of this trading software to see if it is the right platform for you. Yuan Pay Group – Summary Here is the breakdown of all the key elements of Yuan Pay Group. Product Type – Crypto trading platform Mobile App – No Mobile application Trading Commissions – None Multi-Currency Support – Yes Claimed Success Rate – 99% (unverified) Visit Yuan Pay Group Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. What is Yuan Pay Group? Yuan Pay Group is advertised as a cryptocurrency trading platform created through a collaboration between financial experts and government regulators. Advertised mainly as a platform to invest in the Chinese Digital Yuan, also known as the e-Yuan, e-CNY, or electronic Yuan, this platform claims to make trading easier through its trading bot. While the site does advertise to support e-CNY investment, we couldn’t verify whether investors are allowed to buy or sell it. Also, it appears that other cryptocurrencies like Bitcoin and Ethereum are also supposed on this crypto trading platform. Yuan Pay Group also advertises that it supports margin trading with CFD instruments – allowing users to alter the leverage levels and other parameters to get the most out of the current volatile market. Underpinning these features is a simple UI, which Yuan Pay claims it has done to make trading simple for everyone involved. The site claims to be using advanced trading mechanic with a 99% success rate – but the reactions towards the legitimacy of this claim has been mixed in various third-party websites. Starting an account requires a deposit of $250, which forms the base level of investment in crypto. It also appears that submitting this amount unlocks all the features that Yuan Pay Group claims to support, including a demo trading account. Add to that, Yuan Pay Group says that it also offers 24/7 support to all registered users to help them navigate the site’s features. Yuan Pay Group – Pros and Cons Listed below are the pros and cons of Yuan Pay Group: Pros Offers a user-friendly UI Fast Sign-Up Process Supports multiple currencies Claims hands-off trading Cons The Win rate is unverified No mobile app to interact with the platform Calls from representatives can be too much How does Yuan Pay Group Work? Yuan Pay Group apparently works in the same way as other Bitcoin robots. Users can create an account, deposit the minimum amount and let the app takes control from there. The in-built tools are enabled through machine learning to scan the volatile market to find out the best buying and selling opportunities for traders. The app claims to instantly execute a buying order if it finds a good crypto predicted to hit bottom and rebound. And to find selling opportunities, the app looks for tokens in the trader’s list that have potentially peaked. Yuan Pay Group claims that it is able to accomplish these goals using research and thus is able to provide a 99% win rate. However, we weren’t able to verify this win rate because the platform is light on information. Our reviewers found most information about this site from trusted third parties where customers said that this approach by Yuan Pay Groups. That being said, investors must do their own research before trading. Yuan Pay Group – Key Features Listed below are the key features that Yuan Pay Group claims it has. Advanced Trading Features Yuan Pay Group claims that it offers safe trading facilities for multiple digital currencies on the current or future markets. Users may also be able to do leverage trading on the platform. These facilities are backed by advanced technologies through which the trading software conducts trades on investors’ behalf. Demo Account Those who register on the website will apparently get access to a demo account. A demo account is a great tool that allows investors to test the platform before investing real money. Beginners who want to learn more about this advanced trading tool would benefit from it. Veterans who are trying this hands-off trading approach for the first time may also benefit from it. Win rate Yoan Pay Group claims that the trading mechanics it leverages have a win rate of 99%. It means that investors’ trades will be successful 99 out of 100 times. Investors must be cautious, however, because third-party reviews have mixed opinions about this win rate. Support for multiple cryptocurrencies While the site claims that it was created for investing in the Chinese Digital Yuan, it appears that other crypto assets, like BTC and Ethereum, are also supported on the platform. Round-the-Clock Customer Support Customer support is apparently always available to those to register. Investors can ask questions about the markets of the in-app mechanics at any time of the day. Yuan Pay Group Fees Here is the rundown of the Yuan Pay Group’s fee structure Account Opening Fees None Maintenance Fees None Trading Commissions None Deposit Fees None Withdrawal Fees None Visit Yuan Pay Group Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Is Yuan Pay Group Safe or a Scam? There is not a lot of information provided on the platform itself. The terms and conditions have been carefully designed, and the privacy policy didn’t give us a hint about how has prepared the website. Furthermore, the official About Us page has only touched a little on the effectiveness of the software interface. These factors don’t necessarily show us whether the site is legitimate. However, our reviewers have gone through the site and found most links to be working, and third-party reviews of the site are present – which is another major point to keep in mind. That said, there is no information about whether the site has any reliable backing, and much of the information is unverified. And considering that the website’s devs have decided to stay anonymous, many investors might think of it as a red flag. Therefore, investors must assess the website on their own and conduct their own research before trading. Minimum Deposit Investors need to deposit at least $250 to start trading on the platform. While it is a hefty amount, it might be a bargain if even half of the things that the website claims to be doing are true, as the site’s win rate may allow users to make multiple times their initial investment. That said, the cryptocurrency market is still volatile, which means investors still need to be ample careful before investing in crypto assets – especially through an advanced trading platform. How to use Yuan Pay Group? Here are the steps to follow to get started on this trading platform. Step One – Create an Account The process is simple. Go to the official website and enter your name, email, and phone number. Shortly after you enter the details, you will be reached out by phone by a representative who will tell you how to complete registration. Step Two – Deposit the Amount Fund your account using any of the methods available on the platform. Yuan Pay Group allows e Eallets, bank transfers, and debit and credit cards. Step Three – Try out the Demo Account Once you have signed up and funded your account, we recommend that you try out the demo account first. It will give you an idea of how everything works. It is especially important if you are a beginner. Step Four – Start Trading Once you have grown comfortable with the demo account and know how the platform works, start live trading. But do so responsibly and keep in mind that the crypto market is volatile. Is Yuan Pay Group Legit – A Verdict The site claims to be one of the new-gen trading platforms that claim to make it easier for traders by trading on their behalf. It advertises to have a win rate of 99%, and from what we have read from the reviews, it might be the case but no third party audit is available. The crypto market is volatile, and the information available on the original website is still little. To stay on the safe side start with a minimum deposit and make sure that you have gone through thorough research of the website before trading. And to learn more about Yuan Pay Group, click on the link below. Visit Yuan Pay Group Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. FAQs What is Yuan Pay Group? Yuan Pay Group claims to be a China-based crypto trading platform created by financial experts collaborating with the government's regulatory bodies. The platform claims to make trading easier for all types of traders. Is Yuan Pay Group legit? While the official platform is light on information, there are many third-party accounts, including reviews that suggest that it might be a legitimate crypto trading site. However, investors must do their own research before investing. How to join Yuan Pay Group? The signup process to join the Yuan Pay Group is easy. It only requires you to enter your email, name and phone number, after which the representatives reaches out to guide you through the process. A minimum deposit of $250, however, is required to get started.
