Here is a quick guide to help you fully understanding how the "$500 for free sign up" works at UpCoin.
The system is truly ingenious.
In the sea of crypto projects, you really have to be rather creative these days to come up with something unique, that would allow you to very quickly grow the member base, and eventually survive, in this very aggressive market.
Many of the good projects, don't get any attention these days because there is just too much to look through, that's why companies really need to get their brain cogs going to ensure they will raise enough to move ahead with the project.
With regards to the $500 offer, yes - it's 100% true.
After you've liked their social media profiles and joined their telegram channel, all you have to do is complete their short survey to instantly get $500 credited to your account.
Where is the catch then?
You cannot withdraw that money.
That money is being used to cover the fees, you would have otherwise paid, whilst trading on their platform.
Yes, exchanges aren't free.
No matter whether you are using Bittrex, Poloniex, Binance or any of the other platforms, you ARE paying fees.
Why to pay to others, if you will be able to spend your free credit with UpCoin.
If you are into #crypto, you are probably already using some of the other exchanges, well, very soon you are going to have a decent alternative.
UpCoin is not only planning to launch an exchange with some great capabilities, but will also allow you to earn a passive income too.
This part works similarly to Kucoin or Binance. When someone signs up through your link, you make a cut of what they got charged in fees, for trades they place.
Someone on Binance got paid over 76BTC in commissions this way, so YES.. it's some serious stuff!
Here is how it would work:
If someone needed to pay $5 in fees for a trade and you are entitled to receive 50% commission, you will get $2.5.
Imagine that you get a few people, that happen to be trading cryptos every single day, you could end up making $50, $100 or more, just because they signed up through your link.
Pretty insane, right?
I applaud how they've run this so far... and yes, although some people may feel mislead about the $500 offer, how many realistically thought that they would just be handing out $500 bills for nothing?
If they called it $500 in savings, it just wouldn't sound as sexy.
A strong userbase will allow them to also quickly develop the platform.
It's an amazing way for the company to build up a list of potential traders, very, very quickly and create an exchange with some serious liquidity.
Key facts about UPcoin exchange:
- $5 000 000 USD of venture investments (no public fundraising campaigns)
Convenient trading:
- Simple interface that even beginners can understand.
- 300 trading pairs right after start and over 1000 pairs within 6 months after start
- No limits, no verification for 6 months after launch
- Several price charts on screen simultaneously
- Various order types: limit order, market order, trailing stop, stop order, stop limit, immediate or cancelStop loss/take profit
- Localization in 7 languages: English, German, Spanish, French, Chinese, Russian, Japanese
To register and claim your $500, click here before the offer ends: www.upcoin.com/?ID=adf858c7
Congratulations @arthurzee! You have received a personal award!
Click on the badge to view your Board of Honor.
Congratulations @arthurzee! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!