Yuan Pay Group promises a lifetime opportunity for traders interested in crypto trading. The company invites traders for its digital Yuan coin, which it claims is all set to receive support from China. A secure and steady crypto trading experience is promised by the company. There is no info on the location of the company and no phone contact is present on the site. Other than the online contact form, there are no other options present to contact the company. The lack of transparency raises a red flag.
Yuan Pay Group Offering
For a company promising insane profits for its clients, there is very little info provided on the platform, its features, working method, and other aspects. The group claims that its trading service can be used to benefit from trading e-yuan, the crypto coin that is expected to receive China’s support.
As per the company info, they expect the e-Yuan to be used by billions as the popular payment method in the next year. You need not pay charges for the crypto coin transactions when you use this platform. Several deposit options are present for users including credit/debit cards, wire transfers, and e-wallets. There is no mention of withdrawal options.
As per the company info, it has set up an effective system for e-yuan transactions. A minimum investment of $250 is sufficient to start investing via this platform. According to the group, it offers three main advantages for crypto traders:
- The possibility of backing by the Chinese government for adopting the e-Yuan as a state-accepted crypto
- There is widespread media coverage for the e-yuan and it is already popular globally
- A minimum investment of $250 is sufficient to trade e-Yuan. It can be combined with other cryptocurrencies as well as fiat currencies. When the cryptocurrency is launched it can provide huge profits even at times of high volatility in the market.
The Idea Behind Yuan Pay Group
The services of the company help you to invest in all the major digital currencies like digital yuan after it is obtainable. As per the vendor info, the project is a crypto payment service that is focused on the huge population in China. The company is waiting for the Chinese government to launch the e-Yuan so it can start trading it.
Due to the high-value potential of e-Yuan, the company expects the digital currency to exceed the price of bitcoin in the forthcoming year. According to the website details, the group is expecting the value of e-Yuan to touch $100,000 or more by the end of 2021.
The information available on the group is the bare minimum, so we are unable to find about the team members, their experience, and expertise. While the company claims to provide a secure and steady platform, the absence of vendor info makes us suspect the reliability of the group.
Safety of Yuan Pay Group and the Network
We could not find info on the safety measures the company has undertaken to ensure the data privacy of users is upheld. The absence of security info further confirms our suspicion of the unreliability of the company.
The Trustpilot site has 46 reviews from users of this platform. A rating of 1.9/5 is provided for this company with nearly 74% of users providing negative feedback. Here are a few of the testimonials:
From the reviews, we can see that the platform is a scam with no reliability. The reviews reveal poor customer support and fake registration attempts.
Is Yuan Pay Group a Legit Investment Service?
From the features and promises offered by the company and our assessment of the platform, we find this is not a legitimate service. You stand to lose your investment if you fall prey to the marketing gimmicks of such services.
Our VerdictOur Verdict
- Affordable investment
- No trading charges
- Lack of vendor transparency
- Security measures are not disclosed
- No proven track record