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Yuan Chain Coin

How & Where to Buy Yuan Chain Coin (YCC)

Buying Yuan Chain Coin (YCC) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells YCC in exchange for bitcoin or Ether.

Step 1Buy BTC or ETH at Gemini

Sign up and purchase BTC or ETH at Gemini.

If Gemini is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.

Step 2Go to a supporting YCC exchange:

Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below.

ALL YCC EXCHANGES

Yuan Chain Coin Price & Information

Current YCC price and historical price chart

Why Should I Buy Yuan Chain Coin (YCC)?

How and Where to Buy Yuan Chain Coin (YCC)

There may be some confusion that Yuan Chain Coin (YCC) is the proposed DCEP, the digital currency used by the People’s Bank of China. 

Firstly, the digital Yuan is not a cryptocurrency. It’s a CBDC (central bank digital currency), a fiat currency that sits on top of a blockchain or comparable distributed ledger technology (DLT).

Secondly, Yuan Chain Coin is NOT a CBDC, but it’s easy to believe that it is. Is the $YCC token a CBDC imposter? The Yuan Chain platform seems to have been around since 2018, but there’s no historical project information on the website.

What is Yuan Chain Coin (YCC)?

The Yuan Chain Coin (YCC) website does not help clarify the purpose and utility of $YCC. The Yuan Chain Twitter account states, “Yuan Chain is a corporate level Blockchain SaaS platform.”

In December 2021, Yuan Chain posted the Yuan Chain (YCC) Technology Advancement Report, on the Medium blogging platform. The report said, “As a new generation of the commercial basic public chain, YCC continues to constantly promote the iteration and upgrade of technology and is committed to building an enterprise-grade blockchain SaaS platform, which is used in the supply chain finance, invoices, points system, and other industries, greatly improving business operational efficiency and reducing operating costs.”

Are you any wiser from reading that statement?

The Yuan Chain Twitter account has 1,450+ followers. Many crypto community projects have hundreds of thousands of followers. The last Yuan Chain post on Reddit is three years old. The LinkedIn account has 80+ followers, and 350+ people follow the Facebook page. It’s a real challenge to quantify the purpose and legitimacy of this coin, and, with a seeming lack of community support, these concerns are hard to ignore.

What Makes Yuan Chain Coin (YCC) Unique?

The information on the Yuan Chain website seems plausible, but the complexity of the website wording leaves readers with more questions than answers. There’s no mission statement, no mention of the leaders or the team. The website lacks the fundamental elements that help crypto enthusiasts gain trust and belief in a project.

The Yuan Chain white paper is in Chinese, so no help there. The “News announcement” page on the Yuan Chain website has no historical or current data. The page is blank.

We’ve broken down the Yuan Chain project website data below, and we apologize if it still doesn’t make much sense.

  • Flexible – If a bug appears in the smart contract of the application, the original chain can repair in real-time, inhibiting potential losses
  •  Cross-chain – The original chain system supports the free-flowing circulation of digital assets between various chains
  • Safety – “Public chain, alliance chain, private chain cross-chain identity authentication and management, node server can be combined with hardware equipment to prevent multiple types of attacks.” – Yuan Chain website
  • Low latency – The lowest block interval is only 2 seconds. The high-speed can adapt to scenarios requiring high performance and demand, such as big data processing, financial exchanges, and intelligent robots
  • High concurrency – “Concurrency of public chain > 10,000 transactions/second, concurrency of consortium chain and private chain > 100,000 transactions/second” – Huan Chain website
  •  Heterogeneous – Even in variable nodes, different developers use unique development languages. With consistent rules, smart contracts calculation results are consistent
  • Green – “Users can entrust mining consensus nodes to participate in voting and voting accounting to realize proxy mining” – Huan Chain website
  •  Community fund – the community development fund receives part of the block output. This allocation assists with the technology, research & development, promotion, taxes, operating expenses for the project.

The Yuan Chain project reads like a professional, functioning project, but there are too many red flags for Coin Clarity to give a positive thumbs up to our readers.

How and Where to Buy Yuan Chain Coin (YCC)?

If, despite all of the GLARING RED FLAGS, you still want to proceed, then Huobi offers the best liquidity and options. 

Huobi Global lists over 500 cryptos. There are 57 local currencies and 60 payment methods available, making Huobi Global one of the easiest platforms for buying $YCC coins.

  1. Open an account with Huobi Global -There are three different account levels with various verification requirements
  2. Log in to your account go to “Balance” and “Exchange account”
  3. Select “Deposit-Exchange” – search for GBP, click “Deposit”. Presently you can deposit funds with GBP but, according to the Huobi Global website, this currency limitation is temporary
  4. Choose [Faster Payments] – input the amount, and click “Next”.
  5. Click on “Increase Limit” – to complete advanced verification for higher deposit limits.
  6. Log in to your online banking – initiate a transfer to Huobi Global.
  7. Wait – The funds will arrive in your Huobi account immediately via Faster Payments 
  8. Check details are correct – if you make a mistake, contact the Huobi 24/7 global support team
  9. Go to the exchange You can’t buy $YCC tokens directly. Look for YCC/ETH or YCC/BTC and click on “Buy”
  10. Store your $YCC securely – the exchange has a Huobi wallet, a secure and professional DeFi wallet, or you can send your $YCC to a wallet you may have already. Check that your wallet supports $YCC before transferring

Buying Crypto Directly with Huobi Global

  • Go to “Quick buy/sell” – a buy screen opens to the right of the page
  •  Select card payment and enter the currency you wish to use by clicking on the dropdown menu
  • Click on “Buy $USDT”
  • Go to the exchange – look for YCC/ETH or YCC/BTC and buy using your purchased $USDT (USDT pairs to the dollar so will be the same price as the U.S dollar)

How do I sell Yuan Chain Coin (YCC)?

The process for selling your $YCC tokens is the reverse process of your purchase:

  1. Log in to your Huobi Global account
  2. Sell your YCC/ETH or YCC/BTC for $USDT
  3. Transfer your $USDT to a reputable off-ramp platform such as Coinbase or Gemini
  4. Check transfer fees costs before completing the transaction
  5. Once the $USDT is in your Coinbase or Gemini account, it’s easy to convert them to your chosen fiat currency and withdraw to your bank account, allowing you to enjoy the profits you’ve (hopefully) made on your $YCC investment

Should I Buy Yuan Chain Coin (YCC)?

We cannot provide investment advice, and we advise caution before investing in cryptocurrency. If you wish to invest in Yuan Chain Coin (YCC), Huobi Global is a reliable cryptocurrency exchange that lists $YCC tokens. $YCC may be a scam, in fact, we’d strongly suggest that you only invest what you’re willing to most probably lose (which should be $0 in reality). 

How do I invest in Yuan Chain Coin (YCC)?

If you wish to invest in $YCC tokens, purchase from a reputable cryptocurrency exchange such as Huobi Global, a professional Bitcoin trading platform with a good reputation in the crypto space. After purchase, store your $YCC tokens securely in a cryptocurrency wallet, like the Huobi wallet or an off-ramp wallet of your choice.