Yuan Pay Group Review UK – Scam or Legit?

Over the past decade, cryptocurrencies have become an integral part of the global economy and an extremely popular topic. Not only bitcoin has been constantly growing in value and popularity, but the digital asset market, in general, is slowly becoming part of the mainstream. Now, it is only a matter of time until governments will start to issue their national digital coins.

In this review, we explain everything there you need to know about Yuan Group Pay including its success rate, user reviews, fees, the safety of funds, and more.

What is Yuan Pay Group?

Yuan Group Pay Logo

Yuan Pay Group started its operation in 2010 as the main developer of China’s national cryptocurrency. It is Chinese-based crypto management and wallet organization that operates in China and worldwide. According to Yuan Pay Group, the company works in collaboration with the Chinese Government and has recently completed the development of the coin. It is now the only approved and legalized company in China to trade and sell digital coins including China’s national coin – this is because the Chinese government announced the ban on any engagement of cryptocurrencies including ICOs, mining coins, and cryptocurrency exchanges.

Yuan Pay Group claims that one of the incentives for investors to buy this coin is the low price it currently trades of $0.018 and the expectations of the Chinese government and Yuan Pay Group that it will reach a price of $5000 per coin in 2021.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Yuan Pay Group Services

Simply put, Yuan Pay Group is the only official distributor of the national Chinese cryptocurrency exchange. It has an official and confirmed crypto trading license and as such, it is authorized to manage and organize China’s Coin sales for this latest crypto development and offer the best prices and trading fees to the public.

Yuan Pay Group Services

On top of that, Yuan Pay Group is a standard automated crypto trading bot where investors can invest funds and the bot takes trading decisions on their behalf. This is a very similar trading technology much like other trading robots that include Bitcoin Evolution, Bitcoin System, and Bitcoin Profit.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How Does Yuan Pay Group work?

Fortunately, the Yuan Pay Group has created an extremely easy to use and straightforward sign-up process. There are simply a few steps you have to take in order to purchase the coin and start trading with this bot.

Step 1: Register 

The first thing you need to do is to visit Yuan Pay Group’s official site and enter your personal details in the registration box. This includes your first and last name, email address, and phone number. Then, click on the ‘Register Now’ button.

Yuan pay group register

Step 2: Deposit Funds

Now, you will now be channeled to a dashboard of an authorized broker in your region where you can deposit funds into your Yuan Pay Group account. On this platform, you’ll be able to deposit funds via credit card, bank transfer, or PayPal. Bear in mind that you need to meet a minimum deposit requirement of at least $250 for the robot to start working.

Step 3: Trade the New Chinese Digital Currency Automatically

At this point, you can purchase the Chinese national digital currency and activate the Yuan Pay Group trading robot. If you wish to test the bot before you risk capital, Yuan Pay Group also enables you to check the software on a demo account and then switch the live mode once you see positive results.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Yuan Pay Group Claimed Success Rates

Generally, the majority of crypto trading robots claim to have a very high success rate. In the case of Yuan Pay Group, the broker does not disclose the robot’s success rate, however, we found testimonials online saying that this bot can predict 88% of the transactions it executes accurately.

With that being said, we suggest that you start with the minimum requirement so you won’t risk your capital with this bot before you see the robot’s performance.

Client Testimonials

When it comes to client testimonials, Yuan Pay Group does not provide any reviews from users who have tried the bot but instead, it does include on its website the enthusiasm of two billionaires, Peter Thiel and Richard Branson, with the recent launch of China’s national cryptocurrency coin.

Yuan Pay Group user reviews

On another note, we have also checked the reviews about this app on TrustPilot, and it has a score of 3.8. Notably, the majority of users claim they were able to make high returns using this automated trading robot. Having said that, there is no guarantee that these reviews are reliable, so we always recommend that you make your own research before you deposit funds.

Yuan Pay Group Fees

Yuan Pay Group has a free commission pricing structure. This company claims to not charge any fees for any trade the robot execute or one an investor decides to purchase the Chinese cryptocurrency via its service. Instead, investors only have to meet the minimum deposit requirement of £250.

Yuan Pay Group fees

This is somewhat surprising but at the same time, it is very common among automated bitcoin and cryptocurrency trading robots that typically do not charge any trading fees. The logic behind this approach is that trading robots often add liquidity to the digital assets market, which is currently one of the biggest problems of this market.

Is Yuan Pay Group a Scam?

Obviously, this is the big question on the minds of potential investors. Following this review, we cannot verify that the Yuan Pay Group is completely legit nor determine it is a scam. On one side, the reviews online are overall positive. The company on its own claims it is the only provider for local and foreign investors to purchase the Chinese national digital coin. On top of that, Yuan Pay Group claims to have a top tier software that not only helps you buy and sell the coin but can allegedly trade automatically and make profits for investors.

On the other hand, we cannot ignore the fact that Yuan Pay Group does not disclose crucial information on its website such as contact number, privacy policy, condition and terms, and the location of the company. As such, it is not clear whether Yuan Pay Group is indeed the only distributor of the Chinese cryptocurrency and can generate high returns of over £5000 in three months or if it’s a scam operation.

Yuan Pay Group on Desktop & Mobile App

Currently, Yuan Pay Group enables users to register and use the platform on desktop only. However, while it does not provide a mobile app, you can access the trading dashboard via any web browser that is available on a smartphone.

Yuan Pay Group Payments & Withdrawal 

Once again, Yuan Pay Group does not specify the available payment methods on its platform to make a deposit and withdraw funds. The reason for that is that when signing up with Yuan Pay Group, you will immediately be channeled to an authorized broker in your area that will then present the available payment options.

Nonetheless, we found plenty of user reviews online saying that the majority of brokers working with Yuan Pay Group accept credit/debit cards, bank wire transfer, and PayPal.

Yuan Pay Group Minimum Deposit

Yuan Pay Group does not mention the initial requirement in order to eligible to buy the national Chinese coin through its platform and start using its bot. However, we came across user reviews online suggesting that the minimum deposit at Yuan Pay Group is £250.

Yuan Pay Group Customer Support

If you want to contact the Yuan Pay Group support team, you can do this via one of its social networks. The company operates accounts on Facebook, Twitter, Medium, Linkedin, Telegram, and Reddit. This is the only method users can contact the support team.

Yuan Pay Group Customer Support

How to Use Yuan Pay Group

As we mentioned previously in this review, using the Yuan Pay Group is easy and does not require any special technical skills. As a reminder, here are the steps you need to take to buy the Chinese national coin and activate the trading robot.

  1. Register with Yuan Pay Group on its official website
  2. Deposit a minimum of £250
  3. Buy the national Chinese crypto coin
  4. Activate the robot
  5. Withdraw your funds anytime you want

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Yuan Pay Group Pros and Cons

Pros:

  • The only distributor of China’s national digital coin
  • A low minimum deposit requirement of just £250
  • Easy and fast sign up process
  • Claims to have an accuracy rate of 88%
  • Offers a demo account before risking real capital

Cons:

  • There’s no guarantee that the broker can make returns
  • No direct customer support

The Verdict

In summary, there are some risks involved when investing in applications like Yuan Pay Group. But then, there were also few risks for the early adopters of bitcoin in 2009. Overall, it’s difficult to know if Yuan Pay Group is entirely safe but it seems that you can actually get China’s official government-backed cryptocurrency through their service. Nonetheless, we suggest you make your own research before you sign up with this provider and if you decide to invest through Yuan Pay Group, we highly recommend you do not invest more capital than you can afford to lose.

Yuan Pay Group- Sign Up Today

Yuan Group Pay Logo

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

 

FAQs

Have celebrities endorsed Yuan Pay Group?

On its official site, Yuan Pay Group mentions the endorsement of Peter Thiel and Richard Branson, however, these two tycoons have never actually said anything about this app in any interview.

Is Yuan Pay Group regulated?

No, this review reveals that Yuan Pay Group is not regulated. However, it does mention on its site its connection to the Chinese central bank and the approval from leading banks in the country.

What is the minimum deposit requirement to start with Yuan Pay Group?

Yuan Pay Group requires users to invest a minimum of $250.

How does Yuan Pay Group work?

Yuan Pay Group allows you to buy China's national coins and trades automatically on the coin. Once you register with this provider and deposit at least £250, you'll be able to activate the robot.

How much does Yuan Pay Group make?

Yuan Pay Group does not disclose its success rate. However, it does claim that it can generate potential profits of $5100 for each user within three months.

Is Yuan Pay Group legit?

It is difficult to know whether or not Yuan Pay Group is legit. Though it has some good reviews online, the broker does not offer a lot of information on the website, and there's contact number not information about the location of the company.

What are the Yuan Pay Group fees?

According to Yuan Pay Group, it does not charge any fees for any trade.

Alan Draper

About Alan Draper PRO INVESTOR

Alan is the Chief Editor of Buyshares.co.za and is responsible for ensuring all the content on our site is accurate, relevant and helpful. He is an experienced editor who has worked for several leading online publications. Alan is also a writer and is an expert on the stock market.

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