Yuan Pay Group Review 2021: Is it Legit, or a Scam?

Yuan Pay GroupIn this article, we’ll review Yuan Pay Group App. We’ll cover all the basics in this Yuan Pay Group App Guide, from how to open an account to how to use the platform profitably.

Our experts have tested the platform to verify its legitimacy and we have put our research and analysis of the platform in this Yuan Pay Group guide. The official site of the platform claims that users can make huge money by trading on the platform. Is this true? Or just misleading? Let’s find out.

What is Yuan Pay Group App?

Yuan Pay Group

 

Yuan Pay Group was founded by a group of financial market experts who collaborated with government regulators interested in overseeing the trading of the Chinese Digital Yuan. The bot enables automated cryptocurrency trading and is simple to operate. Therefore, it will be valuable to both novice and experienced traders, as it is user-friendly for both groups.

Yuan Pay Group is a new automated cryptocurrency dealer that allows users to access cryptocurrencies, especially the soon-to-be-launched Chinese digital currency, which is particularly impressive. Developed using advanced trading algorithms, it can collect large amounts of market data, analyze that data, and make predictions about where the prices are going.

Users can also configure the bot to execute trades on their behalf as soon as it receives a signal if they want. This flexibility makes it possible to connect with the cryptocurrency market at any time of the day or the night and earn from digital trading assets. The bot is also equipped with artificial intelligence, which aids in the development of accurate forecasts and machine learning, which allows the robot to learn and become more proficient at its job.

Is Yuan Pay Group App Legit?

Richard Branson and Peter Thiel on the e-yuan

Richard Branson - Cryptocurrency
The question of the legitimacy of any trading program such as the Yuan Pay group app is always on investors’ lips. However, this particular bot has gained credibility and recommendations from top-tier investors on the market. Richard Branson, for example, is reported to have indicated an interest in the e-yuan.
Peter Thiel - Cryptocurrency
Billionaire and founder of PayPal, Peter Thiel, has also expressed enthusiasm about the Chinese digital currency. Perhaps another pacifier for sceptics of the bot is the impressive results of users and the strong backing of the e-yuan by the Chinese government. The trading platform is the first to gain the support of the Chinese government and had already gathered over 100 million users in its short stay.

Best Yuan Pay Group App Features

Trading Features

Yuan Pay Group provides its users with the ability to trade numerous digital currencies on the current or futures market, allowing them to leverage their funds and potentially earn better returns. One feature that makes this platform stand out is how effectively the different features are labelled on the dashboard, making it straightforward to operate while being visually beautiful.

Demo Account

There is a demo account available to enable new users to better understand how the bot operates. It is possible for both new and experienced traders to try various strategies before putting them into action and to observe how they perform under typical market conditions. Beginner traders should devote most of their time to this area to gain a thorough understanding of how everything works in the market.

Win Rate

Yuan Pay Group claims that the bot has a success record of more than 99%, according to the company’s official website. This means that out of every 100 trades, 99 are profitable for the trader. This is pretty good, but novice users should exercise caution because the win rate is also influenced by the quantity of capital available and the user’s experience level.

Multiple Cryptocurrencies

Yuan Pay Group is unique in that it provides access to Bitcoin, Ethereum, and other major cryptocurrencies and provides access to the Digital Yuan. This is one of the fascinating aspects of the company. Because of this, it is the only auto trader currently giving access to Chinese cryptocurrency. As a result of this feature, it has become trendy among traders who wish to trade the Digital Yuan.

Payouts

Websites associated with the bot claim to provide immediate rewards. This is something that we discovered to be correct. Following the closure of our trading positions, our wins were promptly displayed on our account balance, and we were free to withdraw our funds whenever we wanted. All withdrawal requests are processed within 24 hours after being received by the company.

Active Customer Support

Unlike the many platforms without adequate consent for their users, Yuan Pay Group has an active “Contact us” page. The support works 24 hours, with professional support agents ready to take queries.

How to Create an Account on the Yaun Pay Group Robot?

The navigation and overall user experience of this platform are laudable. This makes it easy for users to find their way around and start trading. You can open an account in a matter of minutes using the following information: your name, your email address, and your phone number.

STEP 1: Get Registered

Head on to the Yaun Pay Group Robot site and click on the register button. You are required to submit your basic contact information, but ensure that these are accurate. The provided email needs to be verified before you move to the next step: You will get an email containing the verification procedures, so follow the instructions.

STEP 2: Get your account secured

As soon as you’ve provided the contact details, the next step is to get your account secured and set up, and then you can start investing. In doing this, the platform assigns a specialist to have a call with you after about 30 minutes of registration. This call ensures that those who sign up are real and can verify their accounts.

They also provide the opportunity to schedule the call at your convenience, after which you can proceed to deposit your capital.

How to Invest in Yaun Pay Group?

STEP 1: Create an account

Yuan Pay Group

You need to have an account on the Yuan Pay Group platform before participating in the Yuan Pay Group investment. Follow the instructions on how to create an account section above.

STEP 2: Get Trained

It is advisable that new investors go through the available training to get acquitted with the basics of trading and, of course, start trading small.

STEP 3: Fund your account

After the user completes the verification and registration processes, proceed to make a deposit of $250 and start investing by funding your account using the available payment options.

How Much Does It Cost to Use Yuan Pay Group App? Is it Free?

One of the benefits you can enjoy from this platform is access to the trading bot without payment. Using this software requires no fees at all.

Reasons to Trade on Yuan Pay Group App?

There is an array of trading platforms that offer diverse trading opportunities. However, the potential investors (the majority) are left out of the equation, mainly because they require a significant amount of know-how to profit.

The Yuan Pay group app takes few minutes to set up, and trades are easy to make. Moreover, the users do not require so many technical skills to operate the bot. An additional benefit of the platform is the thoughtfulness that went into including tutorials for users to acquit themselves with and fast track their progress in understanding the cryptocurrency market.

Here are some of the things we liked (and did not) about the Yuan Pay group app:

Pros Cons
Easy to use Incessant calls from representatives.
Quick payouts and processing is made available to users within 24 hours. A minimum deposit of $250 may be too high for some investors.
High win rates
Multiple trading options
Fast trade execution

 

When Should I Use a Bitcoin Robot?

Bitcoins bots are fast rising and making trades a whole lot easier for everyone that wants to benefit from the cryptocurrency market. These bots operate on a preprogrammed set of instructions that allows them to gather data, analyze them and execute trades.

Since the profit margins they offer are high, we advise users to be aware of the risks of using bots.

Some of the bots out there allow users to set trade strategies that suit their needs. This flexibility is helpful for advanced traders but leaves newbies a lot more confused, causing doubts about the efficiency and profitability of these bots.

So, as a crypto rookie, what are the things to watch out for before getting a bot?

What is their track record? One easy way to get the best out of bots is first to look up the track record of the bots. For example, look at the average profit margin of their trades (do not get carried away).  Another pointer is to observe the capital that the senior leaders of these bots managed.

What is their support experience? If you got a bot and you cannot figure it out, reach out for customer support. The best platforms always have customer support available. Test the response rate of the customer service and see if you like it. If not, you should be on the way: chances are, when you have an issue, you will not get the best support.

Once you have clear answers to these questions, you can proceed to use bots if you engage in:

Repetitive tasks: Rather than repeat the same activities, again and again, you can use bots to help you copy and paste the trades.

Trade along with your full-time job: Many engagements may not provide traders with the time to trade. Bots will take out all the repetition and allow users to focus on other tasks.

Is Yuan Pay Group App Right for Me?

This platform is beneficial to both experts and beginners. Inexperienced traders can utilize it to trade the cryptocurrency markets as they learn the ropes of the trade.

Yuan Pay Group provides a variety of instructional resources for customers to employ to improve their trading abilities. Additionally, users can use the virtual account to learn how to put up trading methods and to expand their understanding of the trading market. Why then would it not be right for you if you want to trade online?

How Much Money Can I Make Using Yuan Pay Group App?

With such a high profitability platform, there is no limit to how much you can make from trading with its robot. However, how much you can make will depend on:

The amount of the capital you started investing with.
Your experience with the platform. The more you know how to use the forum, the better you become at trading on this platform.

However, we recommend that beginners should start with the minimum deposit.

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Even if you have a basic knowledge of cryptocurrencies, you should spend additional time learning about the individual coin you plan to trade.

It would be best if you did not put off withdrawing your money because you never know what will happen next. So, after just keeping the original investments in the account, remove the earnings as soon as possible.

Before you start investing money on this platform, try out the Demo account features.  Never begin trading without first familiarizing yourself with the platform’s features.

Why are Bitcoin Bots Profitable?

Bitcoin Robots can stay on top of the market because of the sophisticated algorithm they use to determine profitable chances. They scan through data in milliseconds and work around the clock to ensure that you don’t lose a good trade.

Possible Risks when Trading with Yuan Pay Group App

Risk of Over Optimization

Because of the never-ending pursuit of the perfect trading technique, users may find themselves changing and adjusting parameters all the time. In theory, you might generate a 100% winning trade that never saw a drawdown. Still, there is a risk that the live runs would produce unfavourable results in practice, resulting in an inoperable technique.

Does the Yuan Pay Group Have a Mobile App?

With the aid of your smartphone (Android or IOS enabled), you can access all the platform’s benefits using the internet. We were able to find that the application is available for both Android and iOS users, so if you prefer the app, you can go ahead and download it using the link sent in the verification email.

Conclusion

After learning how the platform functions, we learned that it is every bit as good as claimed. According to the website, payments are instant, and the bot has the support of several trustworthy brokers who were licensed to supply their services in several jurisdictions. Cryptocurrency investing, like any other financial vehicle, entails some level of risk. Before using the live trade, new investors should get some practice with a demo account first. Our research discovered that the Yuan Pay Group App review is at an average rating of 3. These complaints are because of the verification process.

Glossary Of Cryptocurrency Terms:

2FA: also called two-factor authentication. 2FA is a security measure that users pass through to log in to their wallets or exchange platform.

51% attack: this is a situation where a group of miners holds more than 50% of an asset. The miners either deliberately avoid confirming transactions or making double payments for the transaction.

Address: The crypto address is a string of letters and numbers that allowed the user to send and receive cryptocurrencies.

Airdrop: an airdrop is a campaign distributing a type of cryptocurrency or token on a large scale to the public. It allows crypto traders have access to currencies.

Algorithm: an algorithm is a problem-solving rule or calculation operation usually carried out by a computer.

Altcoins: This stands for alternative coin. Bitcoin was the first coin to break the market and get people’s attention, so all other currencies are termed alternative coins.

API: API stands for Application Programming Interface. An API is a set of protocols and tools that instructs the software on what data to use and what actions to take; they are the brains behind the software.

Automated Crypto Trading: this is actively trading in the crypto market without constantly checking your devices. It makes use of an algorithm to buy and sell cryptocurrency without much effort from the users.

Bear: the term represents a fall in the price of a given market over some time. This case is called a bearish market.

Block: a block is a document containing data such as transactions. Each of these data is called blocks strung together, hence the name chain.

Bull: Bull is simply the opposite of bear. It is a term used to represent a rise in the price of a given market over some time. This case is called a bullish market.

Bull trap: this is a situation where a currency takes a decline and resumes moving upward but returns downward again.

Candlesticks: these are graphical illustrations of the change in price in the market. They indicate the opening, closing, high and low price points of a currency.

Capital: Capital is the amount of money that an investor is willing to risk in the market.

Crypto debit card: this is similar functionality as the regular debit cards. The holder of this card can pay for goods and services using cryptocurrency alone.

Day trading: this is the buying and selling of assets within the same day to make a profit, and it is possible by studying the price change.

Escrow: An escrow is an intermediary that holds funds in a transaction, usually between the sender and receiver.

FOMO: Is crypto lingo that means “fear of missing out.

Future Contract: this is a pre-approved transaction between two entities.  The contract occurs when the price of an asset hits a particular price point.

HODL: is a crypto term that means “Hold On for Dear Life.” It connotes the need for investors to be patient with the assets they own.

KYC is short for Know your Customer”, which refers to an economic institution’s duty to affirm a patron’s identification in keeping with AML laws.  The AML laws are rules against money laundering in a country.

Lambo: this is shorthand for Lamborghini. That’s how a person would possibly seek advice from themselves if they’re getting wealthy quickly. The concept being there may be a lot of cash coming in that they’re going to head purchase a fantastic car.

Ledger: A file of economic transactions. A ledger cannot be changed, and it may most effectively be attached with new transactions.

Leverage: A leverage allows a buyer to open large positions and make more profit.

 Lightning Network A peer-to-peer device for cryptocurrency micropayments. This network is targeted at low latency and immediate payments. They are normally low-cost, scalable, and may paintings throughout chains, and transactions may be public or private.

Limit Order: If you put a rule wherein a cryptocurrency is offered or sold at a favorable price. You are placing a restriction order or limit order when buyers make an order for a purchase or sell. Then the platform uses those restriction orders to make the trade.

Market Capitalization: the market capitalization (or cap) is the total price of all coins put together. The market cap is a suitable way of determining is a coin is worth investing in or not.

Phishing: this is a situation where hackers try to get the details of your account. They do this by creating sites or apps with a resemblance to the actual platform they use.

Portfolio: this is the total value of all assets (coins) that a user holds.

Trading Bots: an automated system that can perform trades for users. The bot is created to take into account: the forces of the market, analyze them and, make predictions.

Signup & Start Trading at Yuan Pay Group Now!

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FAQ’S

What is Yuan Pay Group App?

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Is Yuan Pay Group App Easy to Use?

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How Much Has Gordon Ramsey Made from Bitcoin?

 

About James Diko PRO INVESTOR

James Diko is a content writer/editor and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. James believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, James has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, James writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.