Majority of the population has likely heard of or at least have an idea of the cryptocurrency market. The more volatile of the world’s financial markets, cryptocurrency has taken the investing public by storm. As such, it is no surprise that a lot of trading platforms have popped up online—one of them being Yuan Pay Group. This Yuan Pay Group review will give you the important information and insights.
This comprehensive Yuan Pay Group review aims to discuss everything you would need to know about how the website works and if it’s legal.
What is Yuan Pay Group?
Despite what the name may imply, Yuan Pay Group is not only limited to those residing in China. It is available for use in almost any country.
It is not, however, a trading system or a trading platform in itself. The Yuan Pay Group platform doesn’t work as a broker for you. It instead serves as a platform that connects you with a diverse range of brokers that can best suit your trading wants and needs. The Yuan Pay app can connect you to a wide pool of reputable partner brokers, all of which can provide you with many different trading services.
How does Yuan Pay Group work, and what are its best features?
The Yuan Pay Group website’s partner brokers offer some of the most useful features that we’ve ever seen in any exchange. Investing with the help of Yuan Pay Group has made our trading experience more manageable.
These are only some of the great features that Yuan Pay Group offers:
1. Small minimum deposit
Other companies need a hefty amount of money as a minimum deposit before you can actually create an account and use it to trade. This is not the case for Yuan Pay group. At Yuan Pay, the minimum deposit is $250, and you can already use that as your initial investment to execute your trades.
2. Quick registration process
The site offers a relatively quick and easy registration process. It doesn’t take too much of your time and only lasts a few minutes. To register, you need only to follow these ABC steps in order to use Yuan Pay:
The first step of the registration process is signing up. Here, you will have to provide your personal details such as your name, birthday, and address.
B. Fund your account
Once you register all the necessary information, your account will be created. However, in order to utilise the many services that Yuan Pay’s brokers can offer you, you must first fund your account. You can deposit your money through credit cards, debit cards, e-wallets, or wire transfers through any of the major banks.
C. Start trading
After creating and funding your account, you can then proceed to the fun part: actual live trading sessions using the trading system of the Yuan Pay app’s partner brokers. You can access the Yuan Pay app through your phone or through your desktop’s browser.
3. Demo trading
Yuan Pay Group’s partner brokers also offer a demo trading feature. Crypto volatility is a big issue these days, so newbies may be hard-pressed to invest their hard-earned money in the market immediately. The demo trading feature allows Yuan Pay users to try out real-time trading first using virtual money.
Through demo trading, you can hone your trading skills first before using your actual capital. You can use demo trading to get a feel of how the crypto market works.
4. Auto trading
The more experienced traders can also use auto trading. Investors who don’t have the time to consistently monitor their investments can choose to use auto trading.
Yuan Pay Group’s partner brokers have third party brokers that give you the option to set up automatic trading robots. Using this automated feature, you can set up your own trading parameters based on trading signals and market sentiment in order to conduct your trades.
The auto trading robot, of course, will not do all the work for you. You have to set it up and personalise it in line with your trading style. Most cryptocurrencies require extensive research and analysis before they can actually come up with an algorithm for your trading robot. Therefore, automated trading robots still need a certain level of human involvement before they can turn a profit.
5. Copy trading
Should trading not be your forte, you can opt to copy how other public users trade. Trading cryptocurrencies is very risky and takes a lot of skill. So many users make their accounts public just for the purpose of copy trading itself.
6. 24/7 customer support
Also worth mentioning is the Yuan Pay Group app’s 24/7 customer support. The website interface is straightforward and can be easily understood by customers, so we don’t think you would actually need to contact customer support a lot. Nonetheless, they are always there when you need it.
Will I earn money from Yuan Pay Group?
The Yuan Pay Group app is not a broker. Therefore, you will not directly earn money from it. There is also no guarantee that you will be able to actually churn a profit once you start investing. The market is a finicky thing, and coin prices are always swinging from highs to lows. Don’t expect to make insane profits as soon as you start. Investing takes grit, and the world of investment isn’t as easy as it looks.
The Yuan Pay Group site offers opportunities to connect with brokers, but it does not make any claims of being able to double or triple your money. It is up to you and your inherent trading skills to make profitable investments. The Yuan Pay Group app only opens doors for you. It is up to you what to do with this.
Is Yuan Pay Group safe to use?
Based on our review, one thing is for sure: Yuan Pay group is not a scam. The company keeps all your personal detail safe and only shares it with its partner brokers. The brokers, in turn, are all regulated and reputable. Yuan Pay Group only partners with brokers who have provided all the necessary regulatory requirement.
In terms of the stability and safety of your capital, however, nothing is ensured. There is always a high amount of risk when it comes to investment in any form of asset, more especially on digital currency. The world of crypto, while very popular nowadays, should always be treated with caution. A buy or sell order does not always guarantee a profit. In some cases, your minimal profit could shift into something worse, like losing your entire capital.
Is Yuan Pay Group backed by anyone famous?
There have been rumours circulating online that Yuan Pay Group is backed by famous celebrities. Some even say that the company is backed by the Chinese government itself. Based on our extensive research, we found no evidence to support these claims. The site claims nothing of the sort.
None of what we stated in this Yuan Pay Group review should be considered as investment advice. You are required to do your due diligence when it comes to your investment in digital currencies. The crypto market is harsh on people who invest without any actual basis. You must always consider the risk that comes with it. Be prepared to lose your entire capital if your investment doesn’t pan out well.