It’s no big surprise how popular cryptocurrencies became over the past decade. These digital assets have allowed users worldwide to have freedom over their money, their transactions, and their savings.
However, one of the primary concerns that crypto users still face is regulations. As you may (or may not) know yet, several governments worldwide currently regulate or limit entirely the use of crypto in their territories. This is because governments don’t fully accept the fact that these assets are decentralized.
Does this mean that cryptocurrencies will never be accepted as a valid primary payment method for the general public? Not necessarily. Some countries, such as China, have started to work on regulated crypto assets, such as the E-Yuan.
Since the E-Yuan is still fairly new, it’s challenging to trade on it without some assistance. Yuan Pay Group platform offers tools that may provide the assistance needed in order to trade on the Digital Yuan.
If you want to know more about the Yuan Pay Group and how you can use it to trade on the E-Yuan, you can just keep reading!
Overall, the Yuan Pay Group is marketed as a trading platform for cryptocurrencies. But Yuan Pay Group also provides educational tools that may come useful in order to trade on China’s Digital Yuan.
The primary factor of cryptocurrencies is that they’re decentralized, as mentioned before. This means that no government or banking agency can regulate your transactions with these assets. Taking that into consideration, a government creating a cryptocurrency may be seen as contradictory.
However, government-backed cryptos are seen as a possibly good option since that can decrease the rate at which scams are executed. It’s important to note that the crypto world has allowed scammers to steal money from people and get away with it since transactions are mostly linked to wallet codes, not the identity of the person themselves.
In that sense, the Yuan Pay Group took interest in China’s new coin, However, Yuan Pay Group doesn’t stop there. You can also learn and trade on other cryptocurrencies.The Yuan Pay Group platform works similarly to other crypto trading platforms on the market, so there’s nothing to worry about if you’re looking for something familiar to trade.
Currently, China has encouraged users to work with the Digital Yuan instead of other currencies, so it’s no surprise that this asset is starting to gain some momentum.
Moreover, the fact that people are working with a government-backed cryptocurrency may encourage other countries to start creating their cryptocurrencies shortly. In the end, it’s a matter of extra safety for both the government and the user. If you’re looking to trade on China’s crypto, keep in mind you can do it through the Yuan Pay Group.
Also known as the ‘e-CNY’ or the ‘Digital Currency Electronic Payment,’ the Digital Yuan is a digitized variant of China’s renminbi (RMB). The Digital Yuan is currently issued by the central bank, which is called the ‘People’s Bank of China (PBOC).’ Today, China allows the usage of the Digital Yuan for high-frequency and small-scale transactions in its territory.
It's vital to note that the E-Yuan is not fully decentralized as it is issued by the country’s central bank. Many people have claimed that the E-Yuan isn’t truly a cryptocurrency since it doesn’t meet the ‘Decentralized’ criteria. However, the asset works similarly to cryptocurrencies and has the same system.
While The Digital Yuan works as a cryptocurrency, it’s not exactly one; this new type of digital asset is called a “Central Bank Digital Currency,” or “CBDC.” In short, a CBDC is a digital currency issued by a government’s central bank, and it allows investors to trade on it as long as they comply with the law.
While the idea of a centralized cryptocurrency can be intimidating for some people, it does seem to grow over the past few months. Since the country’s primary goal is to fully convert its economy to a digital one, it may be only a matter of time until other countries start to do the same
The Digital Yuan has been studied for a few years, and now it’s starting to develop. China might become one of the first significant economies worldwide to release a CBDC to the public.
The Digital Yuan works the same as other crypto-assets and allows peer-to-peer transfers. Considering how the Digital Yuan is more centralized than any other cryptocurrency, some people don’t know whether people will adopt this asset as a primary payment method in the future. If you choose to do so, you can use the Yuan Pay Group to test this asset by yourself.
Creating an account with the Yuan Pay Group is easy. Before you dive deep into the features that the platform has to offer, you can follow these steps to become a registered user of the website!
You’re going to find a registration form at the bottom of this website. Once you’re there, If you wish to continue, make sure to fill it out with the information required by the Yuan Pay Group team. Up to this point, you only need to fill out basic contact information to create your account.
Once your account has been created, you’re going to receive an email with the verification steps. You can start using your Yuan Pay Group account as soon as you verify your account. Overall, the sign-up process doesn’t take more than a few minutes.
Whether you’re new or experienced in trading, it may be smart to take your time and evaluate all the options available for you. The Yoan Pay Group team did its best to provide enough features for you to execute your trades with any cryptocurrency from their listing.
Keep in mind that in order to start live trading you need to invest money since that’s what you’re going to use to trade on the Digital Yuan or any other cryptocurrency you prefer. Overall, you can choose to invest any amount of money you consider appropriate, but if you’re new to trading, it might be better to go for smaller amounts to try and minimize your risk factors.
Once you’re finished investing and setting up your trading strategy, you can begin placing your trades. This is the most important part of the process, so make sure you take your time with it.
Remember, the Yuan Pay Group platform works the same as other crypto trading platforms, so if you ever feel your current trading strategy isn’t working correctly, you may adjust your strategy until you get your desired outcomes.
That’s it! Those are three simple steps you can follow to start your trading journey with Yoan Pay Group.
Yuan Pay Group doesn’t charge you any fees for funding your account, or making a withdrawal. Some trading platforms may charge you fees for using their service, but Yuan Pay Group chose to make their platform entirely free for you.
If you want to learn more about what the Yuan Pay Group can do for you, make sure to keep reading the platform’s full list of features!
• Trading Features: The Yoan Pay Group team worked hard to make it’s platform a reliable one. Whether you’re a new or experienced trader, you will find the latest technology and features that could make your trading experience much more pleasant.
• Demo Account Not fully convinced to invest your money with the Yuan Pay Group? The team got you covered! You can use Yuan Pay Group’s ‘Demo’ account and test all of the features without investing any money. That way, you have a better idea of how everything works before making a decision.
• Multiple Cryptocurrencies Available: Much has been discussed about the Digital Yuan, but there are a plethora of cryptos you can trade on with Yuan Pay Group, including Bitcoin, Ethereum, LiteCoin, and so on.
• Withdrawals: You can withdraw your available balance at any moment you consider appropriate. All you have to do is fill out a simple payout form and wait for your bank to process the transaction.
• Active Customer Support: If you have any particular doubts about the Yuan Pay Group, you can contact our customer support team. The Yuan Pay team is there to help, so don’t hesitate to clarify anything you may need with them.
The Yuan Pay Team includes several trading and investment professionals inside and outside of China. Thanks to the effort of their Chinese team, they were able to develop some solutions to assist traders with the Digital Yuan.
Thanks to all the team’s effort, time, and money put into this project, they are now ready to take the E-Yuan experience to everyone around the world.
The team wants to make your trading experience as smooth as possible for everyone, so they're continually taking feedback and updating the platform with the necessary features to help everyone. In essence, they are more than happy to provide you with a way to trade on China’s crypto.
It’s best to research carefully each platform that you plan on using before trading on any cryptocurrency.
If you plan on using Yuan Pay Group for trading, make sure to clarify any questions you may have before you start live trading. The platform aims to provide a smooth experience, and that can be achieved if you’ve done proper research.
The Yuan Pay Group team worked hard to develop the platform and create a smooth and optimized browsing experience whether you are trading on your pc, laptop or mobile phone. As long as you are connected to the internet you can trade no matter where you are.
You can always withdraw your available balance. There are no additional charges or fees, although your bank institution might. Keep that in mind before making any withdrawals.
Important to remember that becoming better at trading takes time, so being patient might be helpful down the road.
|🤖 Provider Type||E-Yuan, Digital Yuan, e-CNY|
|💰 Platform Cost||Free|
|💰 Withdrawal Fees||No fees to pay|
|📊 Type of Platform||Web-based, Webbrowser|
|💳 Deposit Options||PayPal, Wire Transfer, Credit Card|
|🌎 Countries||All countries but US|