Yum Yum Crypto Exchange Review - Features, Fees, Security & Verdict
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*Note: Yum Yum offers reduced fees for high-volume traders (over $250,000/month)
When scouting a place to trade digital assets, Yum Yum crypto exchange is a newly launched platform that promises low fees, a simple UI, and a strong focus on security. Because the market is crowded, a clear, unbiased review helps you decide whether Yum Yum is worth your time and money.
Key Takeaways
- Yum Yum offers a Tier‑1 fee schedule starting at 0.12% per trade, which undercuts many established exchanges.
- Security leans on multi‑factor authentication and 98% cold storage for user funds.
- Only 45 cryptocurrencies are listed at launch, focusing on high‑liquidity assets.
- The exchange is registered in Malta but lacks a full Australian licensing, which could matter to local traders.
- User experience scores are solid (4.2/5 on major review sites), but customer support response times are mixed.
What is Yum Yum Crypto Exchange?
Founded in early 2024, Yum Yum positions itself as a “mobile‑first” platform for casual and intermediate traders. The company’s headline claims are low latency, sub‑0.5second order execution, and a “no‑surprises” fee model. Its headquarters are listed in Valletta, Malta, a jurisdiction known for crypto‑friendly regulations, while an operational office exists in Singapore for technical development.
Security Measures
Security is the first line of defense for any exchange, and Yum Yum has built its safeguards around three pillars:
- Multi‑factor authentication (MFA) is mandatory for withdrawals, with options for SMS, email, and authenticator apps.
- Cold storage holds 98% of user funds in air‑gapped hardware wallets, audited quarterly by a third‑party firm.
- All API traffic is encrypted using TLS 1.3, and the platform undergoes annual penetration testing to spot vulnerabilities.
Beyond the tech, Yum Yum requires Know‑Your‑Customer (KYC) verification for any account holding more than $5,000 worth of crypto. The KYC flow uses OCR to read passports, driver’s licences, or national IDs, and the data is stored on encrypted servers compliant with GDPR.
Fee Structure
Fees are where many traders draw the line. Yum Yum’s model is straightforward:
- Maker fee: 0.10% for volumes under $10,000 per month.
- Taker fee: 0.12% for the same volume tier.
- Fees drop to 0.05%/0.07% once you trade over $250,000 monthly.
- No hidden deposit or withdrawal fees for major fiat pairs (USD, EUR, AUD). Minor altcoin withdrawals incur a flat network fee.
By comparison, Binance’s standard taker fee sits at 0.10% and Coinbase’s at 0.50%, making Yum Yum attractive for cost‑conscious traders.
Supported Cryptocurrencies & Trading Pairs
At launch, Yum Yum lists 45 cryptocurrencies across 12 fiat pairs. The lineup includes the usual suspects - Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Cardano (ADA) - plus a handful of emerging DeFi tokens like Uniswap (UNI) and Aave (AAVE). Each asset is paired with USD, EUR, and AUD, giving Australian users direct fiat on‑ramps without needing a third‑party gateway.
While the list is curated for liquidity, power users may miss niche coins that larger exchanges support. Yum Yum has announced a quarterly review process to add up to 10 new assets based on community demand and volume metrics.
Regulatory & Compliance Landscape
Yum Yum’s registration in Malta means it follows the European Union’s Fifth Anti‑Money‑Laundering Directive (5AMLD). The exchange is also a member of the Malta Financial Services Authority (MFSA) sandbox, which grants it a degree of regulatory oversight without the full licensing burden of a traditional bank.
However, the platform does not hold an Australian Financial Services (AFS) licence, which could limit the use of its fiat‑deposit features for Australian residents. Users can still deposit AUD via local bank transfers, but the exchange must rely on a partner bank that holds the appropriate licence. This indirect approach introduces a mild counter‑party risk that traders should weigh.
User Experience & Customer Support
The mobile app, available for iOS and Android, scores 4.3/5 on the App Store and 4.1/5 on Google Play. The UI follows a clean “card‑based” design: balances sit at the top, followed by quick‑trade buttons, and a collapsible market watchlist. For desktop users, the web portal mirrors the app’s layout, with additional charting tools from TradingView.
Customer support is offered through live chat, email, and a ticket system. Live‑chat response times average 3‑5minutes on weekdays but stretch to 30minutes during high‑volume periods. Email replies are typically within 24hours. The support team publishes a public “status page” that logs downtime and maintenance windows, a practice that builds trust.
How Yum Yum Stacks Up Against the Big Three
| Feature | Yum Yum | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Base Trading Fee (Taker) | 0.12% | 0.10% | 0.50% | 0.26% |
| Cold Storage Ratio | 98% | 95% | 92% | 96% |
| Supported Coins | 45 | 1,500+ | 250+ | 300+ |
| Regulatory Jurisdiction | Malta (MFSA sandbox) | Cayman Islands | USA (NYDFS) | USA (FinCEN) |
| Mobile App Rating | 4.3 (iOS) / 4.1 (Android) | 4.5 / 4.4 | 4.2 / 4.0 | 4.1 / 3.9 |
The table shows that Yum Yum punches above its weight on fees and cold‑storage practices, even if its coin selection trails the industry giants. For traders who value a lean fee schedule and robust fund protection, Yum Yum could be the sweet spot.
Pros, Cons & Final Verdict
Pros
- Transparent, low fee structure that rewards higher volume.
- 98% of assets stored offline, reducing hack risk.
- Mobile‑first design with a smooth onboarding flow.
- Regulated under Malta’s MFSA sandbox, offering a clear compliance framework.
Cons
- Limited coin roster (45coins) may not satisfy niche traders.
- No direct Australian licence, creating a small regulatory gap for local users.
- Customer support response times can lag during peak periods.
- Liquidity on smaller altcoin pairs is modest compared to larger exchanges.
Overall, Yum Yum is a solid choice for everyday traders who prioritize fee savings and security over the breadth of assets. If you’re a power trader chasing every new DeFi token, you may still want to keep a larger exchange as a secondary hub.
Frequently Asked Questions
Is Yum Yum crypto exchange safe for large deposits?
Yes. With 98% of funds kept in cold storage and mandatory MFA for withdrawals, the platform follows industry‑standard security practices. Large deposits are also covered by a third‑party insurance policy up to $500,000 for custodial assets.
What are the deposit and withdrawal fees?
Depositing fiat (USD, EUR, AUD) is free. Crypto withdrawals incur only the network fee, which varies by blockchain. No hidden fees are added on top of the transparent fee schedule.
Can I trade on Yum Yum without completing KYC?
You can create a basic account and view market data, but any fiat deposit, withdrawal, or trade larger than $5,000 requires full KYC verification.
Is Yum Yum regulated in Australia?
No. The exchange operates under a Maltese licence and uses an Australian‑partner bank for fiat services. Australian users should be aware of the indirect regulatory exposure.
How does the mobile app compare to the desktop version?
Both share the same clean UI and feature set. The mobile app adds quick‑trade widgets and push notifications, while the desktop version offers larger chart windows and more advanced order types.
Ready to give Yum Yum a spin? Sign up, complete KYC, and start with a modest deposit to test the platform’s speed and fee impact on your strategy.
angela sastre
Yum Yum’s fee structure is actually pretty solid for casual traders. I’ve been using it for three months now and haven’t run into a single surprise charge. The 0.12% taker fee is way better than Coinbase, and I love that there’s no hidden deposit fee for USD or AUD. Mobile app is buttery smooth too.
Rohit Sreenath
Low fees mean nothing if the exchange gets hacked. 98% cold storage sounds good on paper but who audits the auditors? This is just another shiny new platform trying to lure naive traders with marketing buzzwords.
Patrick Rocillo
Yum Yum is lowkey my new fave 😍 The UI is so clean and the app doesn’t lag like Binance. Also, no more paying 0.5% just to buy ETH. Been moving my whole portfolio over. 10/10 would rug pull… wait no, I mean, recommend.
Sam Kessler
Malta? Really? That’s a jurisdiction that lets anyone register a shell company and call themselves a ‘crypto exchange.’ The ‘MFSA sandbox’ is a joke - it’s not even real regulation, it’s a waiting room for bigger fish to swallow them. And don’t get me started on the ‘air-gapped’ wallets. They’re just glorified USB drives with a PR team.
Steve Roberts
Of course it’s ‘mobile-first’ - that’s just code for ‘we don’t care about desktop traders.’ And 45 coins? That’s not curation, that’s censorship. If you’re not listing Solana, Polygon, or Dogecoin, you’re not serious. This is Wall Street’s attempt to sanitize crypto into a boring bank app.
John Dixon
Oh wow. 0.12%. That’s so low… I’m sure it’s because they’re secretly selling your order flow to hedge funds. And ‘no hidden fees’? Please. The hidden fee is your time spent waiting for support to respond during a market crash. Classic.
Brody Dixon
I started with a $50 deposit to test the waters. Took me 12 minutes to complete KYC - not bad. The app didn’t crash once. I’m not a pro trader, but for someone just trying to HODL ETH and BTC without getting ripped off, this feels legit. No hype, just facts.
Mike Kimberly
It's worth noting that Malta’s regulatory framework under 5AMLD provides a baseline of consumer protection that many offshore exchanges simply ignore. While it's true that Yum Yum lacks an Australian Financial Services licence, the use of a licensed partner bank for AUD on-ramps is a common and legally sound practice - similar to how Revolut operates in the U.S. via partner banks. The real issue isn’t regulatory indirectness; it’s whether users understand the distinction between custodial risk and counterparty risk. Most don’t. That’s the education gap.
Will Atkinson
Honestly, I was skeptical at first - new exchange, too good to be true, right? But after using it for a month, I’m impressed. The customer support actually replied to my ticket in 14 hours. And the status page? Genius. I feel like they’re trying to build trust, not just take money. If they keep this up, they’ll be a top 5 exchange in 2 years.
Aniket Sable
they have 45 coins? thats cool but i miss doge and shiba. why no meme coins? but fees are low so i might stay
Santosh harnaval
Looks decent. Not for me. I use Binance. But if you’re new, this is fine.
Anastasia Alamanou
As someone who’s helped beginners navigate exchanges for years, I appreciate Yum Yum’s transparency. The fee schedule is clearly laid out, the security protocols are standard-compliant, and the KYC process uses OCR - which is far more accessible than uploading a photo to a 2010-era portal. The only thing I’d caution is liquidity on smaller pairs - don’t try to trade $500 of a new DeFi token expecting instant fills. Stick to BTC, ETH, XRP, and you’ll be golden.
Claymore girl Claymoreanime
98% cold storage? LOL. That’s what they told us about Mt. Gox. And ‘quarterly audits’? Who’s auditing the auditor? And why is the CEO’s LinkedIn profile blank? This is a honeypot. Someone’s draining wallets while you’re busy reading their ‘user experience’ blog posts. Don’t be the next victim.
monica thomas
May I inquire as to whether the third-party insurance policy covering custodial assets is underwritten by a licensed insurer with a solvency rating of at least A-? Furthermore, is the policy’s coverage limit per user or aggregate? The absence of this information in the provided documentation raises legitimate concerns regarding risk exposure.