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      "body": "![](https://steemitimages.com/DQmTBhrDpcLpoTTZzX6jTQktQbt5XxcQgLH94R5Q7Fxh12U/image.png)\n\nHere is a quick guide to help you fully understanding how the \"$500 for free sign up\" works at UpCoin.\n\nThe system is truly ingenious.\n\nIn 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.\n\nMany 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.\n\nWith regards to the $500 offer, yes - it's 100% true.\n\nAfter 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.\n\nWhere is the catch then?\n\nYou cannot withdraw that money.\n\nThat money is being used to cover the fees, you would have otherwise paid, whilst trading on their platform.\n\nYes, exchanges aren't free.\n\nNo matter whether you are using Bittrex, Poloniex, Binance or any of the other platforms, you ARE paying fees.\n\nWhy to pay to others, if you will be able to spend your free credit with UpCoin.\n\nIf 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.\n\nUpCoin is not only planning to launch an exchange with some great capabilities, but will also allow you to earn a passive income too.\n\nThis 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.\n\nSomeone on Binance got paid over 76BTC in commissions this way, so YES.. it's some serious stuff!\n\nHere is how it would work:\nIf someone needed to pay $5 in fees for a trade and you are entitled to receive 50% commission, you will get $2.5.\n\nImagine 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.\n\nPretty insane, right?\n\nI 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?\n\nIf they called it $500 in savings, it just wouldn't sound as sexy.\n\nA strong userbase will allow them to also quickly develop the platform.\n\nIt'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.\n\nKey facts about UPcoin exchange:\n\n- $5 000 000 USD of venture investments (no public fundraising campaigns)\n\nConvenient trading:\n- Simple interface that even beginners can understand.\n- 300 trading pairs right after start and over 1000 pairs within 6 months after start\n- No limits, no verification for 6 months after launch\n- Several price charts on screen simultaneously\n- Various order types: limit order, market order, trailing stop, stop order, stop limit, immediate or cancelStop loss/take profit \n- Localization in 7 languages: English, German, Spanish, French, Chinese, Russian, Japanese\n\nTo register and claim your $500, click here before the offer ends: www.upcoin.com/?ID=adf858c7",
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