Yunex Review
Since its inception, bitcoin has evolved to become one of the most sought-after assets by individuals and traditional investment firms within the last decade. While everyone and their dog now want a cryptocurrency pie piece, they must choose a reliable crypto exchange. That’s why we are giving you this Yunex exchange review. After reading through it, you can make an educated decision on choosing the right cryptocurrency exchange for your crypto trades.
There is a need to have more reliable exchanges as demand for digital currencies rises every day. As more trusted exchanges launch their services, traders and investors have more opportunities to buy, sell, hold or convert their virtual assets to fiat money. But keep in mind that you’ll need an account with a reliable cryptocurrency exchange before you can trade or invest in any crypto-related product and services.
Signing up with a licensed and trustworthy crypto exchange is highly beneficial and rewarding because you can rest assured of not losing your money or the profits from your trades. Any trusted exchange must put in place strong security protocols. Furthermore, it must ensure that its customers are satisfied with its services to a large extent. For most crypto traders, privacy and security are their most desired features from any crypto exchanger service, and that should be your main focus.
Once those are in place, you can check out other features such as customer support, liquidity, volume, transaction fees, user interface, and experience. However, don’t overlook these features because they are “other features”; they are likewise important. Even when you have the best trading strategy, the exchange you choose will determine whether your trading career will be a success or failure.
Therefore, in this review, you will discover everything you need to know about the Yunex exchange. Undoubtedly, Yunex ranks among the best crypto exchanges worldwide, making it easy and quick for beginner and expert crypto traders to have a successful trading career.
| Exchange platform | Yunex |
| Website | https://yunex.io/ |
| Variety crypto | 24 |
| Account needed | Yes |
| Verification steps | 2 |
| Trading platform | Mobile app |
| Payment method | Ach transfer, bank account, debit/credit card, cryptocurrency conversion |
What Is Yunex Exchange?
Yunex.io was launched by Yunex group ltd in June 2018 and is one of the top virtual currency exchanges in the British Virgin Islands. Yunex.io is an exchange that caters to beginner and expert traders alike. The exchange offers several trade options, and its fees are comparatively cheaper than the competitors.
The exchange plans to keep improving the user experience and user interface of its website regularly to trade the digital currency market simpler and faster. Yunex wants its platform to be a place where anyone can perform cryptocurrency transactions easily regardless of their trading experience.
One unique thing about this exchange is that it offers a flexible trading experience and excellent trading resources. Traders trade with confidence on Yunex.io because the exchange has the required operating license, and it’s fully regulated.
Also, there are countless users from various parts of the world with positive reviews about the platform. As of this writing, the exchange has over 1 million verified users with a total managed asset worth $1 billion.
As previously mentioned in the earlier part of this review, one hallmark of an excellent exchange is its trading volume (the number of transactions taking place on the platform). The total trading volume on Yunex.io is about $40 billion. Good customer support is also essential for any exchange, and Yunex currently has over 1,000 well-trained and experienced customer support staff.
Yunex Trading Services
Yunex platform is suitable for all crypto traders regardless of their trading experience. Once you deposit funds into your account, all your transactions on the exchange are completed very quickly.
Yunex Charges
Transaction charges are one other crucial factor you need to consider before choosing an exchange. You don’t want to pay high transactions that can even be higher than your profits; you make low profits on some days. Hence, any credible exchange knows that its transaction charges must be low for users to patronize it.
Essentially, transactions should be almost insignificant when deducted from the user funds. On this platform, the orders you place will determine the transaction fees you’re going to pay. When you place an instant order, and it is executed, you are tagged a taker. But when you place an order, and it is recorded in an order book before it is matched, you would be tagged a maker.
Yunex charges a fixed amount of 0.2 percent, aligning with the 0.218% of prevailing industry standards. But, any trade you place on the Yunex platform attracts a fixed charge of 0.2 percent. You won’t be charged for deposits on Yunex, but there are withdrawal fees on all cryptocurrencies, but their charges are still under the industry average. For instance, you will be charged 0.001 BTC for withdrawing BTC, which is roughly equal to the industry average of 0.0008 BTC.
Withdrawal and Deposit Fees
While Yunex won’t charge you any fee for deposits, the financial institution you are using may charge you a certain amount as stated in their terms and conditions. Since Yunex allows deposits using paper money, it qualifies as an “entry-level exchange” and makes it possible for new cryptocurrency investors to take baby steps towards crypto trading.
Where necessary, there are over-the-counter platforms you can use to purchase USDT, which you can then convert to any digital currency of your choice. If you already have a digital currency, you may add more to it using an information-asset management account.
Yunex Verification and Authentication
Compared to several other exchanges, verification on this exchange straightforward – a feature most traders, including me, prefer when registering with any exchange. Yunex’s verification is similar to completing a simple registration page. Keep you can modify or update your details during the activation process.
So, don’t fret because you didn’t fill in your details completely or incorrectly during the registration process. You have a chance to make it right. The exchange requires you to fill in all requirements to conform with the mandatory policies of the financial regulatory bodies in the country. Also, the prompts on the activation page are to confirm that your details are complete and accurate.
Keep in mind that Yunex has the right to request for a modification of your details or even suspend your account without notice if they discovered that the information you’ve provided is false, outdated, or completely inaccurate. However, they will send you a notice of warning at least three times before terminating your account in most cases. The notice of warning also serves as a reminder for you to modify your details on the platform.
If your account is terminated with funds in it, Yunex will not give you any refund as they have given you enough time to make the necessary changes, but you refused. Hence, you are guilty of any consequences of not heeding the warning when you were being warned. Yunex is not responsible for any damages or effects you may suffer from the termination of your account.
Yunex API
Yunex API allows you to accept cryptocurrency payments on your eCommerce platforms and applications. The API has a key with which users are authenticated and accepts most of the response and request formats. Other useful features of the API are that users can get the most recent:
- deals for virtual assets up to the last second,
- and historical quotes for all cryptocurrencies
- and real-time order book screenshots for all crypto pairs
- Twitter feed about the cryptocurrency market
Yunex Limits and Liquidity
Yunex allows you to deposit any amount of your desired digital currency into your Yunex account. As a trader on Yunex, you have access to sufficient liquidity. Hence, it is no wonder that Yunex allows you to withdraw up to $15,000 per day from your trading account and up to $45,000 per day if you are operating a corporate trading account. Even if you want to withdraw higher amounts than the stipulated ones, all you need do is to make your request known via the customer support desk, and your request will be granted soon.
But Yunex limits the amount of traditional money that you can withdraw or deposit from your trading account. The high liquidity for all cryptocurrency pairs on this exchange allows you to enjoy a smooth trading experience, which makes it an additional reason you can register a trading account with them.
Yunex Trading Options
As we previously mentioned, the availability of several trading options is one feature of all reputable exchanges. When traders can access several trading options, they can make the right trading decisions, improving their trading experience.
Like other renowned exchanges, Yunex also provides traders with several trading options. You can spread your funds across various trade portfolios. However, you need to ensure that the way you spread your funds aligns with your risk management objectives and target profits.
While some newbies or inexperienced traders might take this option for granted, experienced traders will value it the most. This varied trading option is a tool you need to have mastery over your funds and invest in a way that suits your trading strategy and investment goals. A side benefit of this tool is that it improves your risk management objectives and experience.
Available Cryptocurrencies on Yunex
On any trading platform, a high trading volume indicates high liquidity. Hence, traders can trade fast using the most competitive price. Another benefit for an exchange having high liquidity is that potential traders know that the exchange carries low-risk and is highly efficient.
Yunex permits trading on several virtual assets, including the major ones. The platform allows you to trade all the available digital currencies with the stablecoin USDT. A stablecoin is necessary as it helps to minimize volatility by being tied with another asset such as the exchange-traded commodity and the U.S. Dollar.
Yunex User Interface
Any reputable exchange must ensure that its website has a simple and intuitive user interface. If any user interface isn’t simple or attractive, traders could get pissed off. Apart from being simple and easy to use, a good user interface must also give details of suitable trading tools. Yunex user interface excels with all these features, which makes it suitable for beginner, intermediate and expert traders. You can navigate the website easily without any assistance. Also, you can access various trading tools on it. The user interface features include various timeframes to view charts, candlestick price patterns, view balance, trade history, and open orders. There are also other features to ensure that you have a seamless trading experience. For example, you have various options to personalize the trading platform to suit your trading strategies.
While experienced traders can use advanced tools, newbies or intermediate traders can easily navigate those tools. The available order types are displayed, and you can choose from any of them when placing your trades. At the click of a button, you can choose any available methods to deposit or make withdrawals from the platform.
How Secure Is Yunex Exchange?
The rising scam rates in the crypto world have made it mandatory for you to never overlook the importance of security and privacy features for any exchange. However, the availability of security features is not as important as you making use of them.
Yunex is fully compliant with government policies regarding anti-money laundering (AML) and Know your customer (KYC). Hence, Yunex mandates that you provide:
- Your full personal information.
- Especially your name.
- Primary email address.
- A strong password.
- Other relevant details.
One other security measure that the exchange deploy is SMS verification before you complete your registration. Also, Yunex protects your account by allowing you to enable google 2-factor authentication on your account. Yunex further protects your account by keeping the majority of all user funds in encrypted offline storage.
Yunex protects your coins by storing them in various safe boxes and vaults scattered across various locations worldwide. All data are secured with AES-256 encryption. Then, they are further protected by being transferred to the FIPS-40 hardware and a paper backup.
Yunex secures its website against hackers and site hijackers by routing it through a secured hypertext transfer protocol (HTTPS). While Yunex has put all these security measures in place, you must also not be careless with your account. Do not reveal your password in email correspondence or anyone, even when they claim to be Yunex support staff. Again, protect your account by enabling Google 2-factor authentication.
Yunex Features
- Intelligent AI grid trading
- Account binding
- Yun deflation scheme
- Listed on Coinmarketcap
- Initial listing on BON (with 2 million airdrops)
- One invitation for continuous commissions
- Market maker recruitment (official cooperation plan)
- A quick exchange of fiat money using the KT OTC market
Pros
- Allows U.S. Traders and investors
- 24-hour high-speed stable matching trades with real-time quotes and updates
- Secured architecture using professional blockchain technical support
- Professional chart for accurate analysis of future trends.
- New users who completed their registration, especially the Google 2-factor authentication, are rewarded with some Yunex Yun tokens.
Cons
- Unavailability of wire transfer
- Limited help from the help center page
- Multilingual support
- Yunex supports two Chinese languages (simplified Chinese and traditional Chinese) and the English language. It plans to provide support in other languages with time. Yunex remains committed to improving and have a physical presence in all countries of the world.
Customer Support
Yunex’s first customer support is its help center page. It provides answers to commonly asked questions and other quick-start guides such as how to get rewards for completing your registration, enabling google 2-factor authentication, and what to do when you withdrew into the wrong address or deposited wrong coins.
The exchange provides adequate support through various social platforms, especially Twitter, telegram, email, and WeChat. You will find the handles to each of their social pages on the home page of the website.
Bear in mind that you can’t open the contact us page to submit a request without logging into your account first. When using any of those social handles to request support, ensure you go straight to the point. Being verbose won’t get your request answered faster.
Conclusion
This Yunex exchange review provided you with the most important features and reasons to choose the platform for your cryptocurrency trading. While the web page is originally written in Chinese, you can use the Google translate chrome extension to translate from Chinese to English. You can also select the English language from the Language menu on the top right-hand side of the website.
This is one exchange with innovative ideas despite being just three years old in the crypto exchange world. The platform protects your funds with various security protocols. So, you have nothing to worry about even if the site is breached. If your request is simple and straight to the point, you will receive answers to your request in double-quick time.
As is the case with any financial market, you need to open an account with an exchange to trade the financial market, and the cryptocurrency market is no exception. Therefore, you can open an account with Yunex exchange right now to start trading the crypto market right away. Don’t forget that the exchange provides you with all the tools essential for a seamless trading experience, and you can trade up to 24 currency pairs on the platform.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
