Yuan Pay Group Review 2024 - Is it Legit or a Scam?

By Onose Enaholo - Updated 24 June 2024
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The cryptocurrency market recently crossed the $2 trillion mark, a testament to the growing interest in digital assets from large institutional investors. After 12 years, it seems even governments and large financial institutions which have been opposed to these assets for a long time are finally warming up to the technology.

This couldn’t be more accurate now that even China is opening up to cryptocurrencies. The central bank of China has launched a digital currency that will facilitate all transactions for its citizens. Yuan Pay Group is one of the platforms offering early access to this coin. This Yuan Pay Group review will examine this trading platform to establish if it’s worth your time and money.

Who Created Yuan Pay Group?

Yuan Pay Group has reportedly been developed by top software developers based in China who have ensured that the platform abides by the government’s regulations to facilitate safe and secure trading of Digital Yuan on financial markets.

Development of this platform began shortly after the Chinese government had announced that it was working on developing a digital currency back in 2017.

After years of development and testing, the Digital Yuan was released earlier this year even though only a small amount of coins was released for testing purposes. People can use these coins like they use fiat currencies to buy goods and pay for services. They can also settle bills using the digital coin.

However, the few coins that were released for experimentation are only available via certified government brokers. One of them is Yuan Pay Group which, on top of purchasing the digital coin using fiat, allows users to exchange the coin with other cryptocurrencies.

Who Created Yuan Pay Group?

Pros & Cons of Yuan Pay Group

Pros

  • Easy registration and verification process
  • Quick response time, which allows for fast execution of trades
  • Supports a demo account which is great for beginner traders
  • Withdraw whenever you feel like it, and the payment will be processed within 24 hours after submitting a request
  • It doesn't charge any fees
  • Available from any corner of the world
  • Offers access to an exclusive Chinese coin
  • Associates with regulated brokers who offer access to other digital assets such as BTC and ETH
  • Responsive customer support

Cons

  • The minimum deposit of $250 may seem high for some users
  • It doesn't support many digital assets

Factors to Consider Before Using Yuan Pay Group

We’ve reviewed – and scored out of five – all of the most important factors you need to consider when deciding whether or not to use Yuan Pay Group software. Check out our scores below.

Payouts: 4/5

As an auto trader, the Yuan Pay Group platform claims to offer instant payouts, and the winnings can be withdrawn whenever one feels. Any time a winning trade is settled, the funds are deposited into your account. These funds can be reinvested or withdrawn. Users attest that the payouts are fast and steady.

Verification System: 4/5

Yuan Pay Group requires users to verify their identities. This is one of the requirements of the Chinese government when it comes to those dealing with the Chinese digital currency. Our team found the process relatively easy and fast. All one needs to do is upload a photo of their ID/passport, proof of residence and a selfie. The documents will be reviewed, and if everything checks out, the account will be verified. From here, you are free to trade.

Withdrawal Process: 5/5

As mentioned above, the payouts are instant and available for withdrawal. Since the auto trader runs around the clock, funds can be taken out anytime one feels like doing so. The payment will be processed within 24 hours as per the site, and the funds will be deposited to your bank account or whichever platform you choose to take out the funds using. How fast they get to your account, though, will depend on the speed at which your payment processor handles transactions.

Costs and Fees: 4/5

As an auto trader, Yuan Pay Group doesn’t charge any fees. The platform lets users keep 100% of their profits which they can withdraw if they wish or reinvest to grow their investment portfolio. The only fees one is expected to experience when dealing with this automated trading bot will come from the payment processor you choose to fund your account using. And in this case, various processors will charge different fees for their services.

User Testimonials: 4/5

For the short period this platform has existed, it has witnessed overwhelming reception within the online community. The fact that it offers access to an exclusive Chinese token is seen as a big plus by many users who hope to be some of the first investors of the digital asset. Our team discovered mostly positive reviews online from various users, with many full of praise.

Customer Service: 5/5

This platform offers 24/7 customer support as any good platform should. The customer support is quite responsive. They will reach out to you once you open an account to guide you on how to deposit funds into your account and use the auto trader. If this doesn’t happen, don’t worry, as the process is quite straightforward. If you get stuck, you can reach the support via mobile, email or live chat. If you need immediate help, you can opt for the latter.

Affiliated Brokers: 4/5

The auto trader works with several regulated brokers to allow users to access more digital assets such as Bitcoin, Ethereum and many others. You can use your Digital Yuan to access these assets and gain exposure in crypto markets. These brokers allow one to trade CFDs using leverage.

Review Methodology

Our cryptocurrency trading robot tests use an assortment of primary and secondary data. We observe various different surveys, tests, and client reports from across the web, permitting us to develop a fair appraisal of every robot.

We find it vital to paint a reasonable picture as there is a wealth of con artists and fraudsters who claim to offer authentic crypto robots; going by only one test leaves you open to scams. Learn more on our ‘why trust us’ and ‘how we test’ pages.

How Does Yuan Pay Group Compare?

Yuan Pay Group claims to enable automated trades with one of the latest cryptocurrencies to hit the market, China’s digital currency. The digital Yuan is not available through other leading robots, such as 1k Daily Profit and Bitcoin System. This makes it the ideal solution for traders who want access to the latest coins as well as automatic trades.

Is Yuan Pay Legitimate?

The legitimacy of this platform is what our research team sought to establish. As a reputable publication, we strive to offer honest accounts of various protocols within the crypto and blockchain space to ensure our readers make informed decisions and know what to expect when dealing with various platforms.

The first thing our team checked were the online reviews about this auto trader. What did past users have to say about this platform? They found mostly favourable comments. Most were full of praise of the platform since it helped them earn passively trading digital assets, and they didn’t even have the kind of expertise required to profit from crypto markets.

Another element our team explored was the state of the platform. Was it easy to use even for beginner traders, and was the website responsive? Was customer support available to help when one needs them? The answers they found were satisfactory.

5 Reasons to Use Yuan Pay Group for Trading

Below are a few reasons why you should consider this platform to explore the digital currency market. Our research yielded many positives, but these are some of the factors that stood out for us.

The signup process is Free and Fast

Yuan Pay Group doesn’t charge any fees to register a new account, and the process is quite fast. From registration, verification, funding the account, and starting to trade, it takes less than ten minutes.

Trade Digital Assets Around the Clock

As an auto trader using sophisticated algorithms and integrated with AI and ML to aid in market prediction and improved efficiency over time, this bot allows users to trade various digital assets around the clock since robots don’t go to sleep and nor does the cryptocurrency market. All you need is a few minutes to adjust your trading strategy, and you are good to go.

User Funds are Secure

It’s normal to have a few worries when it comes to dealing with money handling platforms. There have been incidences where people have lost their funds after depositing on scam platforms or those that lack proper security measures. However, this should be the least of your worries as the platform claims to secure user funds using sophisticated encryptions that make it hard to access and steal from user accounts.

High Success Rate

This has to be the ultimate reason for choosing this helper to aid your trading of digital assets. Thanks to sophisticated algorithms that integrate with AI to help predict markets based on available data and machine learning which helps the bot improve its performance over time, this platform claims to make predictions with a higher success rate in a manner that isn’t possible for human traders.

Access Various digital Assets

On top of accessing the Digital Yuan, which is exclusively available via a few brokers, this platform offers users access to other top digital assets as per the site. These assets are available using affiliate websites that are regulated and offer safe investments to these assets.

What’s the Best Way to Use Yuan Pay?

This bot is valuable to both experienced and inexperienced traders. Inexperienced traders can use it to trade crypto markets as they learn the craft. Yuan Pay Group offers various learning resources users can use to better their trading skills. Also, they can use the demo account to understand how to set up strategies and increase their knowledge of trading.

Users attest that this bot offers an easier way to trade various financial instruments for new investors as compared to doing it on their own on CFD supporting brokers.

As for experienced traders, this bot helps them delegate some of the trading duties. There is a lot of work involved with crypto trading, including conducting research, reading charts, etc. Some of these repetitive tasks can be assigned to the bot easily.

Has Yuan Pay Ever Appeared On TV?

Our research team found many rumours linking Yuan Pay Group to several TV shows. Some claimed that the platform had received endorsement from the likes of Shark Tank and Dragons Den. The team decided to put in a few hours and discover if there was any truth to this matter.

Shark Tank

This is one of the leading financial shows that exist on prime TV. It features a cast of aspiring entrepreneurs who pitch their ideas to a panel of judges who themselves are self-made businessmen. If the idea is good enough, the judges will opt to fund it for a stake in the new venture. The show has been around for many years, and it’s quite popular with high ratings. Our team reviewed several seasons of the show to see if Yuan Pay Group was featured anywhere but couldn’t find any evidence to support such claims. However, this doesn’t take away from the fact that the bot is quite good at what it does.

Dragons Den

The other show that was linked with this platform is Dragons Den. It’s the UK version of Shark Tank. After reviewing various episodes of this show, our team couldn’t find any part where the bot is featured. There is no evidence to support these claims.

Has Yuan Pay Group Ever Been Endorsed by a Celebrity?

Another rumour that seemed to persist during our research was that this auto trader had received the endorsement of a top celebrity. Below are some popular names that were thrown around and what our team found about them.

Elon Musk

The second richest man on the planet is a big proponent of cryptocurrencies. As a matter of fact, he recently revealed that these tokens would be used as the official currency of Mars once he builds a city up there. On top of running SpaceX, Tesla, and other innovative companies, Musk makes time to tweet about his favourite digital asset, DOGE. Recently, his company Tesla put $1.5 billion of its cash reserves into Bitcoin to boost its performance. As much as he loves crypto, our team didn’t find a particular moment where he endorsed this trading bot.

Snoop Dogg

The hip-hop legend is known to keep up with the times, especially when it comes to fashion and technology. He was one of the first people within the music industry to embrace Bitcoin and cryptocurrencies. Recently he joined the NFT space with a bunch of artworks that celebrate his illustrious career. He even revealed there would be Snoop Dogge tokens. Clearly, he is very involved with crypto; however, our team couldn’t find any particular moment where he endorsed this platform.

Cristiano Ronaldo

Ronaldo is arguably the best player to grace the football pitch, and his numbers can back this claim. Unlike most sports stars that have come out endorsing crypto and even using platforms such as Socios to launch their own fan tokens, this footballing giant has been very coy when it comes to matters related to digital currencies. Therefore, rumours associating him with this trading robot seemed a bit too far-fetched. There is no evidence to suggest that Christiano Ronaldo has voiced support for any robot platform.

John McAfee

John McAfee is an accomplished technology entrepreneur. John is an authority in matters of technology, being the founder of McAfee. McAfee is outspoken, however, there is no evidence to suggest that he has voiced support for this robot platform.

5 Ways you can Maximise Success with Yuan Pay Group

This section offers tips on how you can increase your trading success rate using this trading robot.

Start Small

This is rule number one of investing, whether it’s digital assets or traditional markets. When starting, it’s advisable to start small as you learn how this crypto trading bot works. You can increase your capital slowly to make more profits as you learn.

Save Some Profits

Don’t let greed take over your trading. Ensure you are saving up some profits. It’s not wise to reinvest all you make using the bot since if things go wrong, you will end up losing everything. Remember to set some of the profits aside for the rainy days.

Follow the Advice of Experts

The advice of experts will help you see around the corners and save you a lot of time. Instead of learning how to make the most of this bot by yourself, which is the hard way, use expert advice, which will help you make informed decisions. This goes for anything you undertake. It’s always good to take the advice of those who have done it before.

Keep a Record for Tax Purposes

The last thing you want is to have a run-in with authorities because you haven’t been reporting your crypto gains and paying taxes. It’s advisable to keep a detailed record of all the trades you make using this trading bot and that way, you will have fewer problems with the taxman.

Only Invest what you can Afford to Lose

Finally, this has to be the most critical point of the five listed here. It’s the golden rule of investing. Ensure you invest only what you can afford to lose. There are no guarantees in crypto markets. It takes only a single bad trade to lose all your investment. Therefore, you must learn to invest carefully.

Yuan Pay Group Review – Our Conclusion

News of a digital platform that is offering access to a Chinese digital currency piqued our interest, and our researchers got to work to establish what exactly this platform was all about. This platform offers access to the Digital Yuan and the ability to trade it and exchange the token for other cryptocurrencies. The software uses powerful algorithms similar to those used by notable auto trading systems like Bitcoin Trader, Bitcoin Evolution and Bitcoin Profit.

Yuan Pay Group claims to be one of the few selected brokers that can offer the Digital Yuan to the masses. Its also an auto trader that uses sophisticated algorithms to collect vast market data, make predictions and even trade on behalf of users. The account funding process is easy, and the customer support team is always available to help out where one gets stuck. Overall our experience was quite pleasant, and the overwhelmingly positive user reviews found online seemed to confirm that the platform is easy to use.

Frequently Asked Questions

Does Yuan Pay Group charge any fees?
No. The bot allows users to keep 100% of their earnings as per the site.
Which cryptocurrencies are supported on this platform?
Yuan Pay Group offers exclusive access to the Digital Yuan. Also, through affiliate partners, users can access other top digital currencies such as Bitcoin, Ethereum and many more.
Can I exchange the Digital Yuan for other cryptocurrencies?
Yes. This is possible.
Can I buy Digital Yuan using fiat currencies?
Yes. This is the easiest way to access the Chinese coin.
Is Yuan Pay Group regulated?
The platform is associated with other regulated brokers as per the site.
Do I need to verify my identity before trading?
Yes. This is to ensure a secure platform for all users.
Is this platform accessible from anywhere?
Yes. Individuals from any country can access the auto trader and use it to explore the crypto market. Check your local laws before investing.
Can I have more than one account on Yuan Pay Group?
Yes. However, you will have to use a different email address and mobile number.
Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.