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Yuan Pay Group

Yuan Pay Group Test & Review - Scam or Not?

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China is one of a few countries that have taken a cautious approach towards cryptocurrencies so they can protect the national economy. With the increasing importance of cryptocurrencies, the People's Bank of China is now planning to launch a national digital currency that can compete with mainstream coins such as Bitcoin and Ethereum.

You have to keep in mind that China coin isn't technically a cryptocurrency but a Central Bank Digital Currency (CBDC). YuanPay Group has been permitted to act as a broker if you are looking to purchase China coin or Digital Yuan with fiat money or popular cryptocurrencies.

What is YuanPay Group?

YuanPay Group enables you to make trades through a secure and user-friendly trading platform allowing you to purchase Digital Yuan in exchange for your fiat currency. It's an authorised distributor of China coin as per the site which means that the company has acquired special permission to sell the digital asset globally. The service will ensure that all trades comply with Chinese regulations as per the site.

Who’s Behind YuanPay Group

As per the site, YuanPay Group has been established by a team of cryptocurrency traders who were studying digital assets for many years. They have always been searching for new trading and investment opportunities and when the Chinese government announced the launch of its native cryptocurrency, they were instantly interested as it was one of the first instances where a government itself was backing a cryptocurrency.

They believed that since China has been the leader in a multitude of economic aspects, digital currency and financial market will be their next focus. The team's prediction turned out to be true with the launch of the Digital Yuan. Looking at the potential of a government-backed Chinese cryptocurrency, the team behind YuanPay Group made arrangements to seek approval from the Chinese government. They were successful in acquiring permission to become the first China-approved distributors of China coin.

How to Use YuanPay Group

To buy Digital Yuan, you need to become a member of YuanPay Group. The process is quite simple and similar to other cryptocurrency exchanges and online brokerage platforms. The entire process of signing up and setting up your account will not take more than 15 minutes. 

Step 1 - Starting Registration Process

Go to the 'Register Account' option located at the bottom of the website's page. You will be redirected to a form where you will be required to provide basic personal information to create a new investor account. The information generally includes your first and last names, e-mail and contact number. You will receive an email to verify your account.

Step 2 - Educating Yourself & Funding Your Account

Once you have verified your account, you will be sent to the YuanPay Group's trading platform where you should read about the Chinese cryptocurrency. It is recommended that you make yourself familiar with the new digital currency so you understand the risks and rewards associated with your investment. When you're finished reading, you can deposit seed capital in your YuanPay's account to exchange for Digital Yuan.

Step 3 - Trading and Acquiring Digital Yuan

Ensure you follow the instructions provided by the exclusive distributor so you can exchange your fiat currency for Digital Yuan. If you want to limit the risks involved, it's recommended that you start with a small amount. Once you've made yourself familiar with the process, you can start investing more. 

Key Features of YuanPay Group

YuanPay Group is one of its kind cryptocurrency distributors in the digital space and offers features that you might not find on other platforms: 

Exclusive Digital Yuan Distributor

One of the most important factors that you need to keep in mind is that there isn't any other platform from where you can buy Digital Yuan. If you are looking to invest in the promising China coin, YuanPay Group holds the exclusive rights to sell Digital Yuan as they have acquired special permission from the Chinese government to distribute their CBDC.

Easy Account Verification

Another major feature of YuanPay Group is the easy to use and straightforward registration process. All you need to do is provide your first and last names, email address and phone number. You will need to verify your account through an email but it takes less than a minute to do so. You will be ready to invest in China coin in no time. 

Secure Trading Platform

When it comes to trading cryptocurrencies, a secure platform is a must. Don't forget that China coin or Digital Yuan is highly exclusive right now so it may be a more tempting target for cybercriminals and hackers. Fortunately, YuanPay Group provides you with a completely secure trading platform that has been approved by the Chinese government itself. Apart from that, YuanPay Group uses SSL certification and encryption to keep your personal information and funds secure. 

Costs and Fees

Since YuanPay Group has launched recently, you don't have to pay any charges for signing up as a member, depositing funds into your account, or even when making a withdrawal as per the site. Most of the trading platforms have exorbitant transactional fees which can eat into your profit margin and can be quite frustrating. The team behind YuanPay Group has ensured that you don't have to bear any withdrawal, trading, or deposit charges so you can keep 100% of your profits. 

Customer Service

We contacted the customer service of the unique trading platform multiple times to assess the quality of customer care. Each time we reached out to a customer representative, our concerns were addressed and questions were answered in the most satisfactory manner. This came as a pleasant surprise as we weren't expecting a new trading platform to provide such great customer service. It means that if you run into any problems while investing in China coin, you can always turn to the customer service of YuanPay Group to get the answers. 

Is YuanPay Group a Scam?

One of the major aspects of our review involved evaluating the platform critically to ensure that it's not a scam. Keep in mind that since the Digital Yuan is a currency backed by the second largest global economy, there are many scammers who are claiming to sell China coin but they don't have any authorisation. To assess whether YuanPay Group was legitimate or not, we tested multiple aspects of the platform including the following.

  • Legitimate Chinese Government Approval - The first thing we verified was that the platform had legitimate permission from the Chinese government to sell its CBDC or Digital Yuan as per the site. It means that the YuanPay Group has officially sought approval from the government and they have been reportedly granted exclusive permission to be a distributor of the coin.
  • Online Testimonials & Reviews - The next phase of evaluation involved checking out online testimonials and reviews from real customers who have bought China coin from YuanPay Group. We were able to find many testimonials and reviews that praised the user-friendliness and customer service of the platform and how the knowledge base enabled them to make profitable trades. That being said, if you're going to invest in China coin, ensure that you are minimising your risk. Past performance is not an absolute indicator of future success.
  • Quality of Customer Service - The third step included evaluation of customer service and as mentioned above, every time we reached out to a customer representative, we were met with helpful and knowledgeable individuals who addressed our concerns and answered our questions. It means that if you are facing any issues in buying China coin, you always have the option to get assistance from the platform.

Due to the aforementioned three factors, we can safely say that YuanPay Group appears to be a legitimate distributor of China coin. 

5 Reasons to Use YuanPay Group for Trading

While there are many other trading platforms and cryptocurrency exchanges, there are unique reasons to go for YuanPay Group as it offers multiple features that you might struggle to find somewhere else.

1. Intuitive User Interface

One of the things that you will notice right away is how simple and straightforward the interface of the platform is. From your signing up process to verification to trading, you will not need to take any help as everything is designed to be intuitive and user-friendly. Whether you are just starting out as a trader or have immense experience in the crypto space, you will appreciate the simplicity and friendliness of the user interface of YuanPay Group. 

2. Knowledge Base for User Education

Since China coin or Digital Yuan is a relatively newcomer in the crypto sphere, you need to ensure that you are completely aware of its trading aspects. That's where YuanPay Group makes it much easier for you to invest by providing you with all the information you need for getting started. Once you have signed up on the platform and verified your account, you will be provided access to the knowledge base so you can familiarise yourself with the coin and how to trade it. If you run into any issues, you can always get in touch with customer care. 

3. Zero Transaction Fees

Unlike many other trading platforms and exchanges that charge fees and commissions on different junctures including withdrawals and deposits, YuanPay Group has reportedly kept its platform completely free. It means that whether you want to trade China coin or withdraw your funds from your YuanPay Group account, you can do so free of any charges. If you are making profits on your trades, your profit margin won't be affected by any transactional expenses. 

4. Mobile Website for Trading 

Another key aspect of modern trading platforms is their portability. Fortunately, YuanPay Group brings a mobile website for its users which you can use for trading China coin on the go. Regardless of where you are and what device you are using, you always have access to your funds so you can make the most of price surges and market corrections. The mobile website is easy to navigate and you can make and execute quick trading decisions while you are on the move. 

5. The Only Platform Offering China Coin

The most critical aspect of trading China coin is that you won't find the cryptocurrency on any other platform. YuanPay Group claims to have acquired special approval from the Chinese government which has given the team behind the service the right to sell and trade digital Yuan for fiat currencies. If you are looking to purchase digital Yuan from somewhere else, you are out of luck. Fortunately, YuanPay Group offers all the features and more so you can trade China coin with ease and in a risk-free and secure environment. 

Advantages and Disadvantages of YuanPay Group

Pros

Exclusive right to trade China coin or Digital Yuan
Secure and user-friendly trading platform
Desktop and mobile website for trading on the go
Intuitive interface with the quick and easy registration process
No transaction fees or charges
No deposit or withdrawal fee
Access to the knowledgebase for trader education
Backed by the second-largest economy

Cons

Exclusivity means you cannot buy Digital Yuan anywhere else
Not as decentralised as other cryptocurrencies

YuanPay Group: Our Conclusion

YuanPay Group is an emerging trading platform that has solidified its place in the cryptocurrency market by reportedly acquiring special approval from the Chinese government to distribute China coin, also known as the Digital Yuan. The platform offers an easy to complete registration process, no transaction fee and a rich knowledge base for those who are just starting out. If you are a trader who is looking to invest in a new promising cryptocurrency, YuanPay Group allows you to do exactly that.

Frequently Asked Questions

  1. YuanPay Group is a completely free trading platform for traders looking to buy Digital Yuan. You don't have to pay any withdrawal, deposit or transaction fee.

  2. It is recommended that you start with small amounts so you can familiarise yourself with the trading process. Once you've done so, you can increase your stake.

  3. China coin or Digital Yuan is a suitable investment for anyone who has done their research and is aware of the risks and rewards that come with putting your money into a new cryptocurrency.

  4. It depends on the country you live in. The majority of the countries haven't declared cryptocurrency as an illegal asset.

  5. It is recommended that you keep a certain percentage of your profits aside as savings and only invest what you can afford to lose.

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