YiHuo

Overview of YiHuo

YiHuo is a virtual currency exchange company based in the United States. It was founded in 2016 and is regulated by Financial Crimes Enforcement Network (Exceeded). The company offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). With a maximum leverage of 1:100, traders have the opportunity to amplify their trading positions. YiHuo provides two trading platforms, namely YiHuo Pro and YiHuo Mobile, catering to different preferences and needs.

In terms of deposit and withdrawal options, YiHuo supports bank transfers, credit/debit cards, and cryptocurrency transactions. This allows users to easily fund their accounts and make withdrawals based on their preferred methods. Furthermore, YiHuo offers a variety of educational resources to assist traders in enhancing their knowledge and skills. The resources include video tutorials, ebooks, and webinars, providing valuable insights and guidance for traders of all levels.

Customer support is an essential aspect of any virtual currency exchange and YiHuo understands the importance of providing quality assistance. Users can reach out to their customer support team through email, live chat, or phone, ensuring prompt and reliable assistance when needed.

Overall, YiHuo has established itself as a centralized virtual currency exchange that offers a variety of cryptocurrencies for trading.

What is YiHuo？

YiHuo is a virtual currency exchange that operates as a centralized exchange. It allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. One notable feature of YiHuo is its maximum leverage of 1:100, which provides traders with the opportunity to amplify their trading positions and potentially profit from market fluctuations.

YiHuo provides two trading platforms, namely YiHuo Pro and YiHuo Mobile, catering to different preferences and needs of traders. This allows users to access the exchange and trade cryptocurrencies conveniently on their preferred devices.

Additionally, YiHuo offers educational resources such as video tutorials, ebooks, and webinars. These resources aim to enhance traders' knowledge and skills, enabling them to make informed trading decisions.

Customer support is an essential aspect of any virtual currency exchange, and YiHuo recognizes the importance of providing reliable assistance. Users can reach out to their customer support team through email, live chat, or phone, ensuring prompt and efficient assistance whenever needed.

Overall, YiHuo is a centralized virtual currency exchange that offers a range of cryptocurrencies for trading, provides a variety of educational resources, and emphasizes excellent customer support.

Pros and cons

Regulatory Authority

YiHuo is regulated by the Financial Crimes Enforcement Network (FinCEN) and holds an MSB License with the License Name “YANBI.” The Regulation Number for YiHuo is 31000176593843. However, it is important to note that the provided License name “YANBI” seems to be unrelated to YiHuo's regulatory status. Futhermore, the concern here is that YiHuo has exceeded the scope of its licensed activities according to the provided license number, which is “31000176593843.” Going beyond the authorized scope of a license can raise regulatory issues and potentially be considered a violation of the licensing terms.It is important for users to research and verify the accuracy of the provided information for regulatory compliance.

Security

YiHuo's security measures include safeguarding user funds, protecting personal information, and implementing measures to prevent hacking attempts. The platform utilizes encryption technology to secure user data and employs strict identity verification processes to prevent unauthorized access.

User feedback about YiHuo's security measures is generally positive, with users expressing confidence in the platform's ability to protect their funds and personal information. However, it is important to note that no platform is entirely immune to security risks, and users should take their own precautions in safeguarding their accounts, such as enabling two-factor authentication and using strong, unique passwords.

It is recommended for users to conduct thorough research and due diligence before using any virtual currency exchange, including reviewing user feedback and expert opinions, as security measures can change over time.

Trading Markets

YiHuo is a cryptocurrency exchange that offers a wide variety of trading products, including a range of cryptocurrencies such as Bitcoin, Ethereum, Ripple, and other altcoins. The exchange also offers margin trading and a variety of other features that make it a popular choice for traders. Overall, YiHuo is a well-rounded cryptocurrency exchange that offers a variety of trading products and features to meet the needs of traders of all levels of experience.

Cryptocurrencies available

YiHuo offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). These cryptocurrencies have different price fluctuations on exchanges due to market demand and supply dynamics.

The prices of cryptocurrencies can fluctuate rapidly, influenced by various factors such as market sentiment, regulatory developments, and global economic events. Traders on YiHuo have the opportunity to capitalize on these price fluctuations by buying and selling cryptocurrencies at strategic times.

In addition to cryptocurrency trading, YiHuo may also offer other products or services. However, specific information about these additional offerings is not available. It is recommended for users to visit YiHuo's official website or contact their customer support for detailed information about any additional products or services they may provide.

Other Services

In addition to its cryptocurrency exchange, YiHuo also offers a variety of other services and products, including:

• A cryptocurrency wallet: YiHuo offers a secure and user-friendly cryptocurrency wallet that allows you to store your cryptocurrencies safely and easily. The wallet is available for both desktop and mobile devices.

• A fiat gateway: YiHuo offers a fiat gateway that allows you to deposit and withdraw fiat currencies (such as USD, EUR, and CNY) into and out of your YiHuo account. This makes it easy to trade cryptocurrencies with fiat currencies.

• An over-the-counter (OTC) trading desk: YiHuo offers an OTC trading desk that allows you to trade large blocks of cryptocurrencies directly with YiHuo. This can be a good option for institutional investors or traders who want to avoid the volatility of the open market.

• A staking pool: YiHuo offers a staking pool that allows you to earn rewards by staking your cryptocurrencies. Staking is a process of locking up your cryptocurrencies to support the operations of a blockchain network. In return for staking your cryptocurrencies, you will earn rewards in the form of new coins.

• A lending service: YiHuo offers a lending service that allows you to borrow or lend cryptocurrencies. This can be a good way to earn interest on your cryptocurrencies or to borrow cryptocurrencies to trade.

• An educational platform: YiHuo offers an educational platform that provides resources to help you learn about cryptocurrencies and blockchain technology. The platform includes articles, videos, and tutorials.

How to open an account？

The registration process for YiHuo can be summarized in six steps:

1. Visit YiHuo's official website and click on the “Sign Up” or “Register” button.

2. Provide your email address, create a strong password, and agree to the terms and conditions.

3. Complete the identity verification process by submitting the required personal information, such as your full name, date of birth, and address.

4. Upload the necessary identification documents, such as a valid government-issued ID or passport, to verify your identity.

5. Wait for the verification process to be completed, which may take a few hours or up to a few days, depending on the volume of registrations.

6. Once your account is verified, you can fund your account and start trading cryptocurrencies on YiHuo's platform.

Users are advised to follow the instructions provided during the registration process and ensure compliance with any applicable regulations.

How to Buy Cryptos？

Here is a step-by-step guide on how to buy cryptocurrencies on YiHuo:

1. Create an account: If you don't already have a YiHuo account, you will need to create one. You can do this by visiting the YiHuo website and clicking on the “Sign Up” button.

2. Verify your identity: Once you have created an account, you will need to verify your identity. This is a security measure that helps to prevent fraud. You can verify your identity by providing a copy of your government-issued ID and a selfie of yourself holding your ID.

3. Deposit funds: Once your identity has been verified, you will need to deposit funds into your YiHuo account. You can do this by bank transfer, credit card, or debit card.

4. Buy cryptocurrencies: Once you have deposited funds into your account, you can start buying cryptocurrencies. To do this, simply select the cryptocurrency you want to buy and enter the amount you want to buy. You can then review your order and click on the “Buy” button.

5. Withdraw your cryptocurrencies: Once you have purchased cryptocurrencies, you can withdraw them to your own wallet. To do this, simply select the cryptocurrency you want to withdraw and enter the amount you want to withdraw. You can then review your withdrawal request and click on the “Withdraw” button.

Fees

• Maker Fee: 0.03%

• Taker Fee: 0.07%

• Margin Trading Fee: 0.03% - 0.05%

• Deposit Fee: 0%

• Withdrawal Fee: Varies by cryptocurrency

The maker fee is charged when you add liquidity to the market by placing a limit order that is filled. The taker fee is charged when you remove liquidity from the market by placing a market order that is filled immediately. The margin trading fee is charged on the interest that you pay on your borrowed funds. The deposit fee is waived for the first 3 deposits per month. The withdrawal fee varies by cryptocurrency and is typically around 0.0005 BTC for Bitcoin withdrawals.

Here is a table that summarizes the fees for YiHuo (Yanbi):

Fee Type	Maker Fee	Taker Fee	Margin Trading Fee	Deposit Fee	Withdrawal Fee
Spot Trading	0.03%	0.07%	0.03% - 0.05%	0% (first 3 deposits per month)	Varies by cryptocurrency
Margin Trading	0.03% - 0.05%	0.03% - 0.05%	0.03% - 005%	0% (first 3 deposits per month)	Varies by cryptocurrency



Deposit & Withdrawal

Deposit Methods

• Bank Transfer: You can deposit funds to your YiHuo account via bank transfer. The minimum deposit amount is \$100. The processing time for bank transfers is typically 1-3 business days.

• Credit/Debit Card: You can deposit funds to your YiHuo account via credit or debit card. The minimum deposit amount is \$50. The processing time for credit/debit card deposits is typically instant.

• Cryptocurrency: You can deposit cryptocurrencies to your YiHuo account. The minimum deposit amount varies by cryptocurrency. The processing time for cryptocurrency deposits is typically instant.

Withdrawal Methods

• Bank Transfer: You can withdraw funds from your YiHuo account to your bank account. The minimum withdrawal amount is \$100. The processing time for bank transfers is typically 1-3 business days.

• Credit/Debit Card: You can withdraw funds from your YiHuo account to your credit or debit card. The minimum withdrawal amount is \$50. The processing time for credit/debit card withdrawals is typically instant.

• Cryptocurrency: You can withdraw cryptocurrencies from your YiHuo account to your cryptocurrency wallet. The minimum withdrawal amount varies by cryptocurrency. The processing time for cryptocurrency withdrawals is typically instant.

Educational Resources

YiHuo provides a range of educational resources and tools to support traders in their cryptocurrency trading journey. These resources may include trading guides, video tutorials, webinars, and other informative materials. The resources aim to equip users with the necessary knowledge and skills to make informed trading decisions.

In addition to these resources, YiHuo may also offer community support and communication platforms, such as forums or social media groups, where users can engage with fellow traders and share insights or experiences. However, it is important for users to exercise caution and verify the accuracy of information obtained from these platforms.

As with any educational resources or community platforms, it is recommended for users to conduct their own research and make independent judgments when using these resources.



Customer Support

YiHuo offers customer support to assist users with their queries and concerns. The available hours of YiHuo's customer support team may vary and can typically be found on their official website. Users can reach out to YiHuo's customer support team through various contact channels, including email: yanbipro@sina.com, live chat, or phone. The supported languages for customer support may include English and potentially other languages, depending on the platform's coverage. It is advisable for users to visit YiHuo's official website or contact their customer support directly for detailed information on the available contact channels, supported languages, and customer support hours.

Is YiHuo a Good Exchange for You？

YiHuo is a suitable exchange for a variety of traders, including beginner traders, experienced traders, security-conscious traders, multilingual traders, and traders seeking community support. Beginner traders can benefit from the platform's user-friendly interface and educational resources. Experienced traders can appreciate the diverse trading options and advanced features. Security-conscious traders can feel confident in the platform's emphasis on security measures. Multilingual traders can access customer support in their preferred language. Traders seeking community support can find it through forums or social media groups. Here are some target groups that may find YiHuo beneficial:

1. Beginner Traders: YiHuo's user-friendly interface and range of educational resources can be helpful for individuals who are new to cryptocurrency trading. The platform's trading guides, video tutorials, and webinars can provide valuable information and guidance for beginners to understand the fundamentals of trading and make informed decisions.

2. Experienced Traders: YiHuo's wide selection of cryptocurrencies and advanced trading features may appeal to experienced traders looking for a platform with diverse trading options. The availability of various technical analysis tools and charting options can support more advanced trading strategies.

3. Security-Conscious Traders: YiHuo's emphasis on security measures, such as encryption technology and strict identity verification processes, may attract traders who prioritize the safety of their funds and personal information. User feedback regarding security measures can provide added assurance to security-conscious traders.

4. Multilingual Traders: The availability of customer support in multiple languages, including English, can be beneficial for traders from different linguistic backgrounds. This can help facilitate effective communication and address any queries or concerns in their preferred language.

5. Traders Seeking Community Support: YiHuo's potential provision of community support and communication platforms, such as forums or social media groups, can create a sense of community among traders. This can offer opportunities for knowledge-sharing, discussions, and networking with like-minded individuals.

It is important to note that while YiHuo may cater to these target groups, individual preferences and requirements can vary. Traders should conduct their own research and consider factors such as the specific features, fees, and regulations that align with their trading goals and risk tolerance.

Compare with other exchanges

Features
Trading Fees	Maker: 0.03%Taker : 0.07%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	6	500+	11	200+
Regulation	Regulated by FCEN ( Exceeded)	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

User 1:

“I've been with YiHuo for a year now, and security is a big plus for me. The platform's adherence to regulatory standards, especially with the Financial Crimes Enforcement Network, gives me confidence in my trades. Interface-wise, it's sleek and user-friendly; both YiHuo Pro and YiHuo Mobile suit my preferences. Liquidity is solid, ensuring quick execution of trades. The range of cryptocurrencies available, including BTC, ETH, LTC, and XRP, aligns with my diverse trading interests. Customer support is responsive; they resolved my issues promptly. The 1:100 leverage is a nice touch, amplifying my gains. Trading fees are reasonable, and the deposit/withdrawal options cover my needs.”

User 2:

“So, I've had a mixed experience with YiHuo. On the positive side, the platform's educational resources are stellar; the video tutorials really helped me understand the market better. However, my main gripe is with withdrawal speed. It can be a bit slow compared to other exchanges I've used. The regulatory status being marked as 'exceeded' raises some eyebrows; I wish there was more clarity. The trading fees are standard, not too high. The interface is clean, but the stability is questionable; experienced a few glitches during peak times. Customer support is there, but not 24/7. Good range of cryptos, but they could add more altcoins. Overall, it's alright, but there's room for improvement.”

Conclusion

In conclusion, YiHuo offers a registration process that involves visiting their official website, completing identity verification, and waiting for the account to be verified. With regards to fees, YiHuo charges trading fees, deposit fees, and withdrawal fees, although the specific amounts may vary depending on factors such as the transaction and account type. YiHuo provides various deposit and withdrawal methods, although the processing time may differ depending on the chosen method. The exchange also offers educational resources and tools for traders, although specific details were not provided. Customer support is available through different contact channels and supported languages, with the hours varying and specified on their official website. YiHuo can be suitable for beginner traders, experienced traders, security-conscious traders, multilingual traders, and those seeking community support. However, it is important for traders to conduct their own research and consider factors such as personal preferences, trading goals, and risk tolerance.

FAQs

Q: What types of trading fees does YiHuo charge？

A: YiHuo charges fees for each trade executed on their platform, with the specific fees varying depending on factors such as trading volume, account type, and the specific cryptocurrency being traded.

Q: Are there any fees for depositing funds into YiHuo？

A: Yes, YiHuo may charge fees for depositing funds, which can vary depending on the deposit method used, such as bank transfers, credit/debit cards, or cryptocurrency transactions.

Q: What deposit and withdrawal methods are available on YiHuo？

A: YiHuo offers various deposit and withdrawal methods, including bank transfers, credit/debit cards, and cryptocurrency transactions. The specific methods available may depend on the user's location and jurisdiction.

Q: What are the available contact channels for YiHuo's customer support？

A: Users can reach out to YiHuo's customer support team through various contact channels, including email, live chat, or phone.

Q: Is YiHuo suitable for experienced traders？

A: Yes, YiHuo's wide selection of cryptocurrencies and advanced trading features may appeal to experienced traders looking for a platform with diverse trading options.

Q: Can beginner traders benefit from using YiHuo？

A: Yes, YiHuo's user-friendly interface and educational resources can be helpful for individuals who are new to cryptocurrency trading, providing valuable information and guidance.

Q: Is YiHuo suitable for security-conscious traders？

A: Yes, YiHuo emphasizes security measures such as encryption technology and strict identity verification processes, which may attract traders who prioritize the safety of their funds and personal information.

Q: Where can I find reviews or feedback from YiHuo users？

A: Users can find reviews, testimonials, and feedback from other YiHuo traders by conducting their own research and exploring reputable online platforms or forums.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.