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Our Verdict

With the popularity of electronic coins, scams and illegitimate schemes have been on the rise. In this Yuan Pay Group review, we explore how the platform appears to take the entire e-Yuan investing process quite seriously.

It is evident that the company is genuine and dispels any suspicion of fraud that may arise given that it is the only one that is permitted to trade cryptocurrencies in China and the only one to offer Yuan Coins, or e-Yuan.

It is crucial to keep in mind that every form of trading that involves capital carries both risk and reward. Therefore, it is crucial to be aware of your limitations and the extent of your risk tolerance.

What Is Yuan Pay Group?

As of right now, Yuan Pay Group is the only firm globally that has both a Chinese license for cryptocurrency real-time trading and authorization to distribute a digital Yuan. It is important to note that China banned the exchange or trade of any kind of digital currency in 2017. However, with the introduction of Yuan Coin, this situation is changing, and China is now taking part in adoption of cryptocurrencies.

In order to start legalizing and updating legislation related the purchase and selling of cryptocurrencies, YuanPay Group started partnering with major Chinese banks in 2010. 

Yuan Pay Group Pros and Cons

Pros

  • User-friendly interface making the platform easy to use
  • Swift withdrawal options (within 24 hours)
  • High profit rate
  • Wide variety of trading options
  • Swift trade execution

Cons

  • Unnecessary calls from the platform.
  • Few investors may find the minimum deposit of $250 to be heavy

Is the Yuan Pay Group app a Scam?

The platform of the Yuan Pay group works on a fully operational basis, and as per statements from the company, many users have already made returns on their investments in digital Yuan currency.

The Yuan Coin, or e-Yuan, was created in collaboration with the Chinese government; this in itself provides a certain level of credibility, enabling the user to be at ease. Not to mention, we came across a number of magazine articles regarding trading digital currencies that affirm the dependability of the site.

Yuan Pay Group asserts that users of its automated trading platform will likely earn profits. Additionally, they believe that the digital Yuan, e-Yuan will be designated by the Chinese government as official Chinese digital currency. We were unable to confirm these statements, though.

Users may profit through Yuan Pay Group. That said, traders, especially beginners must set strict stop losses and trade in a disciplined manner to avoid loss of capital. The website warns that CFD trading is dangerous and that customers could lose money.

How Does Yuan Pay Group Work?

 The Yuan Pay Group app enables consumers to access and trade various cryptocurrencies, notably the soon-to-be-launched Chinese digital currency. It was created using sophisticated trading algorithms, and can gather a lot of market data, analyse that data, and forecast where prices will go.

If desired, users can set the bot up to place trades on their behalf as soon as it receives a signal. Due to this adaptability, it is possible to generate profits from digital trading assets at any time of the day or night by connecting to the cryptocurrency market.

The bot is backed by artificial intelligence, which helps create precise forecasts, and machine learning, which enables the bot to learn and improvise.

The official website of Yuan Pay Group states that the company collaborates with brokers who provide leveraged trading in digital assets like cryptocurrencies. After that, users can exchange cryptocurrency for local e-Yuan. The bot functions as a cross between FX and cryptocurrency markets.

Yuan Pay Group Overview

Withdrawal Timeframe: 24 Hours

Supported Cryptocurrencies: BTC, ETH, XRP

Supported Fiats: USD, EUR, GBP

Leverage: 1:1000

Native Mobile App: No

Free Demo Account: Yes

Customer Support: Email, Phone, Live chat

Verification required: KYC

Automated Trading: Yes

CFD Available: Yes

Key Features of Yuan Pay Group Software

 Numerous advantages offered by Yuan Pay Group platform are helpful to traders wish who execute margin transactions on CFD contracts. Yuan Pay Group is a preferable choice for automated trading because of features like excellent customer assistance and an intuitive dashboard. Some salient key characteristics are:

User-Friendly Interface

For traders of all skill levels, Yuan Pay Group offers features an intuitive interface. Users of Yuan Pay Group’s interface may quickly make trades and select various parameters, regardless of whether they are novice traders or seasoned crypto experts.

Trading Both Long and Short

When trading digital asset CFDs, Yuan Pay Groups allows customers to open both long and short positions. Set up the bot to follow your favorite trading strategy using specified programming parameters and custom options. Traders that have long positions anticipate that the asset’s price will increase in the future. When a trader takes a short position, they are betting that the asset’s price will decline.

Free Demo Account

You can practice using the bot and making leveraged trades with Yuan Pay Group’s free demo account without taking on any capital risk. Before engaging in actual trades, users can explore the website and build their trading techniques.

How to Use Yuan Pay Group App – Step-by-Step Guide

Step 1: Open an account

Sign up using the form at the top of this page. Provide your name, email, phone number, and personal password to access the platform. It is essential to enter your official email and phone number because both an SMS and an email confirmation will be sent.

Your info must be entered accurately because everything will be validated for KYC checking. Click “register” to move on to the following step.

Step 2: Verify your Account

You must confirm your name, contact email address, and phone number while opening an account with Yuan Pay Group. The user can then switch on active trading or use the demo trading account.

When you sign up, you are not required to go through a KYC (Know Your Customer) process to verify your identity. Users only have to provide identification documents when trading through a broker.

Step 3: Make a Deposit

You are immediately brought to the website where you may make your deposit for the purchase of Yuan Coin after registering. As opposed to most trading platforms, which require an initial investment in dollars, the deposit with Yuan Pay Group currently has to be made in euros.

Yuan Pay Group requests a deposit of €250 for the purchase of Yuan Coins.The  website offers a variety of deposit methods including credit cards, bank account transfers, and online wallets.

Keep in mind that this initial investment will be converted from 1.00 to 1.00 in Yuan Coin. You will therefore have $ 250,00 Yuan Coins to invest.

Step4: Monitor Trading Bot

 Traders can now follow the markets in real time and begin trading. The price and the time and time of exchange will differ depending on the broker you select.

Your profit is immediately translated into Yuan Coin and added to your website’s virtual wallet as soon as a trade is completed.

The price of the Chinese digital currency fluctuates, as we already explained, and users need to keep an eye on the rising and falling prices on the global market.

Yuan Pay Group vs other Trading Robots

Yuan Pay Group facilitates automated trades with China’s digital currency, the e-Yuan. (The digital Yuan is cannot be traded on other popular platforms like 1k Daily Profit and Bitcoin System.)

Minimum Deposit: $250 (Several other platforms have larger capital requirements)

Success Rate: 99% (compared to 80% for Bitindex AI, 99% for Immediate Edge)

Simple KYC process (compared to other platforms with complex and convoluted verification systems).

Can you make money with Yuan Pay Group?

The YuanPay Group, markets that traders may make a profit of more than 88% on their deposit. However, there are accounts from users who have made three times that amount of profit. Gains could be based on changes in market prices relative to the present e-Yuan value. This is why picking a broker is so important. To see all of your alternatives, conduct a comprehensive search before you begin investing. Although we are unable to verify this information, the website claims that some users have succeeded in making the intended profits.

Tips for new traders

Start slow and steady. This is the first investing rule, whether it applies to traditional markets or digital assets. Starting out slowly will help you understand how this bitcoin trading bot functions. As you study, you can gradually increase your capital to enhance your profits.

You will be able to see around corners and gain a lot of time by following the advise of professionals. Utilize professional guidance to make more informed selections rather than learning how to utilize this bot to its fullest on your own, which is the difficult way to do it. This applies to all of your endeavors. Always heed the counsel of those who have gone before you.

This has to be the most important of the points mentioned here. It is the cornerstone of sound investing. Make certain you only invest money you can afford to lose. Markets for cryptocurrencies offer no guarantees. One bad trade is all it takes to lose all of your investment. You must therefore learn to invest with enough due dilligence and research.

Has Yuan Pay Group Been Endorsed by Celebrities?

Elon Musk

Elon Musk is interested in cryptocurrencies, particularly Bitcoin. Unfortunately, he has no affiliation with Yuan Pay Group, and neither did we find any evidence that he uses the platform to it to oversee his Bitcoin assets.

Jeremy Clarkson

Jeremy Clarkson is an acclaimed British broadcaster, and writer focussing on automotives. He has no demonstrated interest in crypto trading and has no connection with Yuan Pay Group.

Holly Marie Willoughby

There were several rumours that the influential television personality had endorsed Yuan Pay group, however we couldn’t find any evidence of the same.

Idris Elba

Idris Elba The question of the legitimacy of any trading program such as the Yuan Pay group app is always bolstered by an endorsement from someone like Idris Elba, however we couldn’t find any connection between him and the Yuan Pay Group.

Ant McPartlin

There were several rumours that Ant McPartlin had endorsed Yuan Pay group, unfortunately we couldn’t find any verified statements to back this.

Nicole Kidman

There were several rumours that Nicole Kidman had endorsed Yuan Pay group, unfortunately we couldn’t find any verified statements to back this.

Trevor Noah

There were several rumours that the famous comedian had endorsed Yuan Pay group, unfortunately we couldn’t find any verified statements to back this.

Gordon Ramsey

Famous chef and television personality Gordon Ramsay  has made appearances on a number of cooking programs and is interested in cryptocurrencies. However, Ramsay has never utilised Yuan Pay Group and has never publicly spoken for them. 

Is It Possible to Withdraw Earnings?

 Since Yuan Pay Group is not responsible for maintaining the safety of traders’ capital, all profits gained through the platform must be handled through the broker used. The procedures to follow in order to make withdrawals are described below.

  1. Visit the broker’s website and log into your trading account.
  2. In your wallet, select “withdraw” and then the preferred payment method.
  3. Put in the desired withdrawal amount.
  4. Once the process is finished, the money will be transferred to the specified account within 24 hours.

Remember that Yuan Pay Group restricts cryptocurrency payouts. Convert your assets into the fiat currency of your choice that the bot accepts in order to withdraw your money effectively.

What are the fees for Yuan Pay Group?

Both trading and non-trading services at Yuan Pay Group are free. There is no annual subscription fee and the site is free to use. It costs nothing to make deposits or withdrawals from your account. The only restriction is that you have to deposit at least 250 euros before you can start trading with them.

Trading Fees: None
Account Fees: None
Deposit/Withdrawal Fees: None
Software cost:Free

FAQs

Is the yuan Pay Group legitimate?

Yuan Pay Group is the safest and legitimate trading site for traders.

Is digital Yuan a good investment?

The digital yuan remains a relatively new concept and it is difficult for an investor to determine how good this is investment. The digital yuan has been shown to be an ideal investment option and could be the most valuable asset for many people.

How to unfreeze my Yuan Pay account?

By asking for help from the support team of the platform, you can unfreeze your frozen account. You will likely be given a form to complete asking for your account to be unfrozen, after which you will be required to complete the KYC process in order to completely activate your account.

Yuan Pay Group Signup
9.4
Excellent Rating
Jennifer Aldridge
Jennifer Aldridge Verified

I'm a content specialist with a focus on cryptocurrency. I have been following the crypto space since early 2010 and have written extensively about Bitcoin. I am an advocate for cryptocurrencies and firmly believe they will play a significant role moving forward.

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