Yuan Pay Group Review – Scam or Legit?

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Yuan Pay Group is a cryptocurrency exchange that was reportedly designed to promote the trade of the Chinese digital currency – Digital Yuan. Reports state that other cryptocurrencies are also supported on the platform thanks to advanced trading tools that allow users to generate profits trading cryptos passively.

Are these claims true however? Our Yuan Pay Group review examines the features of this platform to answer the commonly asked questions surrounding this little-known China related app.

Yuan Pay Group Summary

What is Yuan Pay Group?

Yuan Pay Group is a digital trading platform – or digital exchange platform, as the Yuan Pay site puts it – that facilitates the trade of digital currencies, with the CBDC Digital Yuan being at the top of the list. The platform claims to offer advanced trading tools to facilitate this process – and aims to teach people as much as possible about Digital Yuan and how it is different from other cryptocurrencies.

However, we couldn’t verify whether this claim was true or not because there are no third-party reviews or customers walking about this matter.

Also known as Yuan Pay Team, the platform also claims to support other cryptocurrencies, with the advertising copy stating that Yuan Pay Group is not limited to “Chinese residents” as people from other countries can access the site.

The site seemingly combines autonomous trading mechanics with advanced market assessment tools and an educational portal to help users make informed investment decisions. But these features are only available for registered users that have deposited $250 in their trading account to get started. Once the account is funded, users can passively trade crypto using a system that Yuan Pay Group says has a 99% win rate.

Other than this mandatory deposit, Yuan Pay Group’s advertising copy hasn’t shed light on whether it requires a fee for the services it provides. It is most likely that it doesn’t since many of its features are similar to other Bitcoin robots we have covered in the past. Customer support is available, and so is a demo trading account – but only for registered users.

These features, while exciting, aren’t verified. The 99% win rate sounds more like a marketing term than anything else, and the features on the website couldn’t be tested since they were locked behind the $250 requirement.

Therefore, we recommend that you be careful while trading on Yuan Pay Group. Invest only what you can afford to lose, and don’t invest more than the minimum amount when starting.

Yuan Pay Group – Pros and Cons

Here are the pros and cons of trading on Yuan Pay Group:

How Does Yuan Pay Group Work?

Yuan Pay Group works in a fashion similar to other online trading platforms. After creating the account, you set the parameters on the trading robot and let it execute trades on your behalf. But those who want to go hands-on can choose the manual trading mode. Yuan Pay Group claims to offer advanced technical indicators and applications to facilitate that.

Yuan Pay Group’s autonomous systems scan the market and prepare a price chart complete with technical indicators such as Fibonacci retracement, MACD, RSI, and more, and base these as a way to predict an asset’s price. Trades are executed based on those predictions, and the profits are seemingly transferred into the user’s account. Yuan Pay Group doesn’t ask for any commission for this process.

The manual trading mode allows users to trade crypto on integrated brokers, which Yuan Pay Group says are regulated by multiple authorities. We weren’t able to verify these claims, and the names of the brokers are not available on the website’s content.

Trading can also be done through mobile phones, but there is no evidence of a mobile-specific app. We did find, however, that Yuan Pay Group’s official website was available across all devices, which may mean that mobile trading is possible. But investors must still do their own research before trading. Also see our guide to some of the best China cryptocurrency projects to invest in.

Yuan Pay Group Features

The Yuan Pay Group website advertises some of these main features:

Support for Digital Yuan

The cryptocurrency market is an enigma in China. Crypto trades are deemed illegal, but that hasn’t subsided any interest people have in the cryptocurrency space. Digital Yuan, the Chinese CBDC, saw massive adoption during its test run in October 2022 when it was revealed that more than $22 million worth of pilot tokens were used to settle cross-border trades. Yuan Pay Group claims to offer the trade of this rising cryptocurrency.

Simple and Intuitive Interface

Yuan Pay Group claims that it has deliberately gone minimalist when it comes to the user interface to encourage maximum participation. Users won’t need to slog through complex mechanics just to trade their favorite assets. Everything would be available on one screen, and all the icons/buttons would be differentiable.

Educational Tools

Information is power in crypto trades. Yuan Pay Group leverages that power to inform people as much as possible about CBDCs (central bank digital currencies) like the Chinese Yuan. The platform claims to offer an educational portal complete with blogs and articles covering the history and the future prospect of Digital Yuan and other cryptocurrencies.

Support for Multiple Assets

Yuan Pay Group states that it supports multiple cryptocurrencies other than Digital Yuan, including Bitcoin, Bitcoin Cash, ZCash, and more. Support for multiple cryptos allows a platform to offer hedging opportunities to traders who don’t want to invest their entire capital in one asset.

Support in Multiple Countries

Despite putting Digital Yuan as its primary trading crypto, Yuan Pay Group claims that users around the world can access the website. There is no official KYC process present, which allows for it to be accessible to traders from any country.

High Win Rate

Yuan Pay Group claims to offer a 99% win rate, allowing users to make 99 out of 100 successful trades. While this win rate seems ridiculous, many third-party review sites aren’t outright denying it, with many customers saying that they have gotten immensely successful using Yuan Pay Group.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Yuan Pay Group Account Fees

Yuan Pay Group has a fee-free model, which doesn’t involve any trading commission or a withdrawal/deposit fee. However, while the site doesn’t charge anything, note that the associated brokers might, and their rates might vary depending on who they are. With that said, here is the fee structure of Yuan Pay Group.

Yuan Pay Group Minimum Deposit

Accessing Yuan Pay Group requires you to register an account that requires you to invest $250 worth of capital. That becomes the seed money that you invest, trading passively and making gains. It also plays the role of feature unlocker, as with the deposit, all the features, including demo trading and customer support open.

Yuan Pay Group Compatible Devices

Yuan Pay Group claims that it has an intuitive interface that allows traders to passively invest in Digital Yuan and other assets easily. To test that claim, we opened this website from our different devices, including Desktop, Laptops, Android, and Apple phones.

Is Yuan Pay Group a Scam?

While we haven’t found much evidence supporting most of the claims made by Yuan Pay Group, the lack of information doesn’t allow us to claim it is a scam as well.

Yuan Pay Group has gone minimal when it comes to providing information about itself in its advertising copy. Instead of highlighting how its features work, it has taken a vague direction and explained the value of digital Yuan trading. Accessing Customer support is impossible for an unregistered user, and the site’s functionalities are inaccessible for the purpose of testing it.

That said, customer reviews have been less than mixed, with many claiming it to be an outright scam. However, there are few who attest to the high success rate that Yuan Pay Group claims to offer. In light of these mixed reactions, we couldn’t discern whether this site was a scam.

Our recommendation is to go through the site’s terms and conditions before trading. And whether the proposed win rate is true or not, remember that trading any financial markets involves risk. Only invest what you can afford to lose.

Yuan Pay Group Customer Support

There is customer support available on the official website, but it directs to the login page. Registered users, however, claim that they can access the support team at any time of the day via email or live chat.

How to Start Using Yuan Pay Group?

Listed below are the steps to start trading on Yuan Pay Group

Step 1 – Go to the Yuan Pay Group Website

Visit Yuan Pay Group’s official website to start the account creation process by entering your credentials and clicking on the “register now button”. Your account will be created after the user verification step is complete.

Step 2 – Deposit the required Funds

Deposit $250 using any of the available payment methods. Use debit or credit cards, bank transfers, or EWallets.

Step 3 – Start Trading on Yuan Pay Group

Once you have funded your account, choose the mode you want to trade in and get started. Try out the demo account first to see how things work before diving in using real money.

Which Celebrities Are Endorsing Yuan Pay Group?

Yuan Pay Group is a platform that claims to allow people to trade passively. and since passive income is such a big reason behind billionaires accumulating wealth over time, people think that celebs are endorsing Yuan Pay Group. It is not the case, though, as neither Elon Musk nor Jeff Bezos, both of which have taken bullish stands on crypto, are known to use Yuan Pay Group.

Who is the Founder of Yuan Pay Group?

Yuan Pay Group hasn’t given any names of the founders of the website. Vague answers like “the founders are a group of crypto trading experts” exist, but even those are unverifiable. While anonymous founders aren’t unheard of – it is something you must know before you invest in Yuan Pay Group.

Yuan Pay Group Payment Options

You can use an array of methods to pay the required deposit on Yuan Pay Group. Debit and credit cards and eWallets are the most popular, but Bank transfers are also acceptable. There is no talk of whether it accepts crypto payments, though, which is something we consider a red flag.

Is Yuan Pay Group Scam or Legit? Our Verdict

Yuan Pay Group claims to have a lot of facilities. It claims a high win rate, easy access to Digital Yuan and other crypto assets, and a no-fee approach. However, the only aspect that we were able to confirm was the platform’s simple user interface.

Other than that, there was not much information we could find. Even the reviews on Trustpilot are mostly mixed. Therefore, only use this e-Yuan trading platform after thorough research and get started with a low amount rather than over-investing.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

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