Yuan Pay Group Review 2023

Yuan Pay Group is a new automated crypto trader that allows users to access various cryptocurrencies and impressively the soon-to-be-launched Chinese digital currency. It’s built using sophisticated trading algorithms, which enable it to collect vast market data, analyse it, and make predictions on where the prices are likely to go. Users can also tweak the bot to conduct trades on their behalf immediately after it gets a signal. This makes it possible to interact with the crypto market 24/7 and profit trading digital assets. The bot is also integrated with artificial intelligence, which helps with accurate predictions and machine learning, allowing the robot to learn and get better at its job.

Yuan Pay Group has reportedly been developed by a team of financial market experts working in unison with government regulators who are keen to oversee the trading of the Chinese Digital Yuan. The robot allows automated trading of crypto and is easy to use. New users will also find it useful as it has been built for both new and experienced users. The robot is one of the few brokers chosen by the government to avail the digital currencies to the population as it conducts tests on how people will receive the digital currency issued by the Chinese Central bank.

1. Open a Free Account

The first step is creating an account by visiting Yuan Pay Group’s official website and signing up. This process is free and should take less than two minutes. Enter a username, email address, phone number and set a strong password. The next step will require additional personal information such as official name, occupation and trading experience.

2. Make a Deposit

Once your account is signed up, you will be redirected to a reputable broker that operates within your location that is regulated. Proceed to fund the initial minimum deposit of $250 using any of the supported payment modes. However, before you can trade, you will have to verify your account by uploading a photo of your ID/passport and proof of residence.

3. Start trading

After your account is verified, head straight to the trading dashboard; however, you might want to visit the demo account to learn how the bot works and set strategies if you lack prior trading experience. Practice for a while until you feel confident enough to engage in actual trading and then proceed to live trading.

Many things stand out for this auto trader. The section below will cover five features we found most appealing about this platform.

1. Trading Features

Yuan Pay Group allows its users to trade various digital currencies using the spot market or futures market to leverage their capital for potentially higher returns. One thing that will stand out is how well different features are labelled on the dashboard, making it easy to use and appealing to the eyes.

2. Demo Account

There is a demo account that helps beginners understand how the bot works. New and experienced traders can test various strategies before implementing them and see how they would work under normal market conditions. This is the one place beginner traders should spend the most time to have a clear understanding of how everything works.

3. Success / Win Rate

On the official Yuan Pay Group website, the bot claims to have a success rate of over 99%. This means out of every 100 trades, 99 end up successful. This is quite impressive but new users must practise risk management as the win rate is also determined by the amount of capital and the experience level of the user. 

4. Cryptocurrencies on Yuan Pay Group

This is the exciting thing about Yuan Pay Group; not only does it offer access to Bitcoin, Ethereum, and other top altcoins, it does provide access to the Digital Yuan. This makes it the only auto trader currently offering access to the Chinese coin. This feature makes it quite popular with traders that want to trade the Digital Yuan.

5. Instant Payouts

The bot’s website claims to offer instant payouts. This is something we found to be true. Once our trading positions were closed, the winnings reflected on our balance immediately, and one can withdraw whenever they feel like it. All withdrawal requests are processed within 24 hours.

We found a few strategies that worked well during our research when it came to making the most using this auto trader.

Start Small

If you are new to trading cryptocurrencies, you will have to start small, ideally, with a minimum deposit of $250. Once you get in tune with how the bot works and master setting strategies, you can increase your capital, allowing you to make more trading in various markets.

Follow the Advice of Experts

The advice of experts will help you avoid a lot of mistakes and enlighten you on what to expect or how to move under certain conditions. There are plenty of trading experts online; you just have to find the right people and stick to what they have to say. As with any other type of advice, some things that worked for them might not work for you; therefore, take what works and leave the rest.

Keep a Record for Tax Purposes

Finally, remember to keep a record of all your trades, especially if you reside in nations where traders are expected to file taxes on crypto gains—authorities such as IRS demand that crypto traders file taxes for all their gains resulting from crypto trading. You risk having a run-in with the taxman if you don’t keep accurate records.

Endorsements and Opinions about Yuan Pay Group

During our research, we came across numerous rumours that Yuan Pay Group had been featured on top financial shows such as Shark Tank and Dragons Den. We sought to establish if there was any truth to this matter by reviewing several episodes of both shows. Even though the subject of cryptocurrencies and Blockchain technology came up several times, we couldn’t find a specific incident when the bot appeared on the shows.

Another rumour flying around was that of the Yuan Pay Group being endorsed by top celebrities such as Jack Ma. However, we couldn’t find any truth to this rumour after checking out various interviews and statements published online.

Given that Yuan Pay Group is relatively new, we find these rumours quite far-fetched. However, this doesn’t take away from how good this bot is at its job.

Final Thoughts on Yuan Pay Group: Is it a legit option to make money?

When we heard of a bot that offers users access to the Digital Yuan, our interest was piqued. We sought to understand how the platform worked and if it was as good as people had claimed. The signup process went smoothly including verifying and funding our account. There was a demo account to practice different trading strategies and an active customer support team that was more than willing to guide us around the bot whenever we got stuck. The payouts were instant as advertised on the website, and the bot was associated with several reputable brokers who were regulated to provide its services in different locations. Like any other investment vehicle, crypto trading also carries some risk. New investors must practise with the demo account before proceeding to live trade.