Our review of Yuan Pay Group in 2021

Investments with cryptocurrencies are becoming more and more common and the business has become truly profitable . However, are all forex traders safe and reliable? In this article we will tell you everything about Yuan Pay Group, a broker about which it is better to be warned.

In this review of Yuan Pay Group we will reveal their persuasion strategies, through which they manage to attract users without providing security guarantees . We have noticed that this broker uses the same mechanisms as the well-known scammers on the web. If you want to invest in bitcoin, we recommend recognized platforms such as eToro .

In the course of our review, we will explore the security measures that must be taken into account in order to be able to trust a cryptocurrency trader. We know that the advertising of companies can be somewhat confusing, and at first glance all platforms may seem the same. However, there are numerous cases of inadvisable brokers , and Yuan Pay Group is one.

Our experience with Yuan Pay Group

Many of the opinions about Yuan Pay Group point out that this operator uses a mechanism similar to the Ponzi scheme. This is a very unreliable system, in which assets are not put into circulation, but profits are paid with the deposits of new users. That is, the company does not generate anything . On the Yuan Pay Group forum, the benefits of the platform are indicated, but it seems to us misleading and fallacious information.

Is Yuan Pay Group a scam? Here's why it's not reliable

You may be wondering: how can such a website have users? The company uses the following attraction strategy :

First of all, advertising is very invasive and insistent, and is aimed at users who are just starting to invest in bitcoin. Thus, the company focuses on an inexperienced audience, without too many notions about cryptocurrencies. These people may believe that Yuan Pay Group is reliable without having proof.

Thus, users are repeatedly taken to a registration form that can be completed quickly and conveniently. This record it does not ask for verifications of any kind, which is also suspicious. Inexperienced investors may not notice the laxity with which personal information is protected.

The various elements of the possible scam in Yuan Pay Group:

• Persistent online advertising;
• Simple registration form;
• Customer service phone;
• Fake celebrity advertising and sponsorships.

Even after registering, many users are reluctant to take the first steps in investments. In that case, Yuan Pay Group has a customer service that communicates by phone with users to encourage them to make their deposits. Another fact that raises suspicions .

The company uses a certain type of quite misleading advertisements . This is the exploitation of the image of some celebrity to foist positive but apocryphal comments on the platform. Such a marketing style only reinforces the possibility that Yuan Pay Group is a scam.

Yuan Pay Group Review: what we know about this broker

After exploring endless comments about Yuan Pay Group, we have no doubt that this broker does not allow making significant profits. Their investment system is very inauspicious and it does not bode well for its users . Their advertising mechanisms seem unfair to us, and refer us to our blacklist of platforms to invest in bitcoins , in which operators such as Trust Investing are counted, Bitcoin Was and Bitcoin System .

Do you think you've already been scammed? Here are our tips

If you are reading this review, it is because you may have already used Yuan Pay Group. If so, we recommend do not deposit more , and try to withdraw your funds as soon as possible. If you have difficulties with money, you can consult the list of open lawsuits in the CNMV .

Alternative insurance brokers to Yuan Pay Group

Not all investment platforms are the same. These days, the cryptocurrency industry is in full expansion, and that encourages the emergence and consolidation of serious operators . The most recognizable feature of a safe broker is its enabling license . That's why we recommend companies like eToro , which give ample evidence of reliability and efficiency. This platform is registered with the Cyprus Securities and Exchange Commission (CySEC).

In addition, eToro is a member of the Compensation Fund for Customers of Cypriot Investment Firms (CIFs). The references of their own users are excellent and serve as proof to be able to trust the effectiveness and commitment of the operator.

Comparison of Yuan Pay Group and eToro

By putting the characteristics of one operator next to those of another, one can highlight their advantages and disadvantages . So, to better understand Yuan Pay Group, we will compare it with eToro and you will be able to draw your conclusions.

As you can see, it is clear that Yuan Pay Group does not meet the requirements to be a reliable operator. We do not recommend putting your money at risk on such a platform, of which there are only dubious references.

Introductory guide on how to invest in bitcoin safely

So, if you are still looking for a safe trader to invest in cryptocurrencies, we advise you eToro . In such a broker, it is necessary to register and verify the account. Then, a first deposit must be made, the funds of which will serve for start investing . It is very easy, but safe and rigorous.

Finding

After analyzing this broker in depth, we join the opinions about Yuan Pay Group that do not recommend it. Their investment systems seem flimsy to us, and we do not see official certifications that guarantee their security. We believe that this is a potential fraud and we advise you not to invest there .

To the antipodes of Yuan Pay Group we place eToro, which is one of the reliable companies in the field of cryptocurrencies. It is registered with an official dollarpea commission based in Cyprus and has millions of satisfied users around the world. A safe and efficient alternative.

Frequently asked questions

In this section we will answer the most common questions that our users refer to us. We hope to join you in the path of success for investments with cryptocurrencies, and we put ourselves at your disposal so that you can get in touch through our inbox.

😕 Does Yuan Pay Group really work?

We don't think that's the case. All the opinions about Yuan Pay Group they point to the opposite: it is a low-reputation broker. There is no evidence that its users have been able to make significant profits through investments. There is also reason to suspect that he is using a financial scheme very unsustainable and highly risky .

🤥 Is Yuan Pay Group a scam? Why?

After analyzing numerous controversies, we believe that there are reasons to think that Yuan Pay Group is a scam . The most illustrative fact is that does not have an enabling license that is, it is not registered with any official finance entity. We do not consider it appropriate to recommend brokers that lack support from prestigious institutions.

👮♂️ Are there safe alternatives to Yuan Pay Group?

Certainly. In these times, in which the cryptocurrency industry is booming, reliable options abound. Our safe alternative it's eToro. This is a platform with more than 4 million users in 140 countries, it gives all the guarantees of trust. There is evidence that its investment mechanisms lead to success.

⚠️ What elements should I take into account when choosing a broker?

The most determining factor is the presence of a qualification certificate. This stamp indicates that the broker is enrolled in some official entity dollarpea . It may also be useful to perform a compared with other platforms, to better understand the strengths and weaknesses. In addition, we find it very enlightening to read the comments of other users.