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☑️NEW UPcoin.com Reviews: SCAM or LEGIT?

joehunt

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Hello all member, this is new exchange trade platform give 500$ bonus to first 20000 users,Now total registrations are ~10000 (1/2) So quickly registration to get 500$ bonus
BUT...,This money will be used to cover trading fees, and can't to witdraw instantly...

here litle explain about this site..

Register at UPcoin.com and get $ 500 into your balance account. This money will be used for trading costs.

after registration join UPCOin referral program. This can make you earn extraordinary income by referring others! You will be able to withdraw this money, use it to buy coins or collect them in your account.

First 200 users who bring 50+ qualified referrals*: you will receive a 50% commission from each transaction made by the people referred by you

Next 200 users who bring 30+ qualified referrals*: you will receive a 30% commission from each transaction made by the people referred by you

Next 1000 users who bring 10+ qualified referrals*: you will receive a 20% commission from each transaction made by the people referred by you

This is just a review of the official website, not me who wrote, so please prove and join their website, and tell other members about how this website works.
 

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is it a Multi level marketing. ?500$ is for me a marketing strategy.??? I will just observe how it goes. Is it new? When i search upcoin . There is an upcoin review from feb 2017. Is there a whitepaper on the site?for the meantime i will just observe.
 
is it a Multi level marketing. ?500$ is for me a marketing strategy.??? I will just observe how it goes. Is it new? When i search upcoin . There is an upcoin review from feb 2017. Is there a whitepaper on the site?for the meantime i will just observe.

yes.. this is new... but i dont know more about this site... i just read in the official website... and i'm wait for launcing trade...
 
Yes, marketing for a new exchange site. All sites needs it. This marketing is coming as an AIRDROP where you will get Balance ($ 500.00 us dlls) to pay for your fees when trading in this site. Is a BETA version and soon will be active.
If you like trading and use exchanges, then you will use those $ 500.00.
Take a look in here:

Thanks.
 
What I don't like is the fact that they first announced they give $500 to first 20,000 members and now it says first 100,000 members, this amount $500 will be used to pay transaction fees and not to actually trade with them, so to be able to trade free you need to deposit your own coins. This could be as well a scam, and they only look to collect trader emails and after that spam, your inbox with all sorts of offers and even sell your email to other email list buyers. Will see! Keep us updated!
 
I don't get why you can't withdraw the money and why it is for transaction fees and not the transaction itself. This is fishy and a little high amount to give to 100000people. I will just sit back and observe. Kindly update us on your progress here. Well done.
 
I don't get why you can't withdraw the money and why it is for transaction fees and not the transaction itself. This is fishy and a little high amount to give to 100000people. I will just sit back and observe. Kindly update us on your progress here. Well done.
Made a video review now and found out more problems, so basically, only top 1400 affiliates get a high commission from trader fees.

"Referral Program Rules
First 200 users who bring at least 50 active users via their referral link will get 50% of all fees generated by such users.

Next 200 users who bring at least 30 active users via their referral link will get 30% of all fees generated by such users..

Next 1000 users who bring at least 10 active users via their referral link will get 20% of all fees generated by such users..

* - An active user is a client who has deposited any amount of funds to his/her exchange account during the first two months after the official start.

** - Only one registration per computer is allowed."


It doesn't say anything about next affiliates, who will not be in top 1400, and your referral must deposit to become active and you get this bonus to use it while trading, so you trade with ZERO fees.

And down at the bottom of the site it says Total registrations:260 911. After they increased the referral program from 20k to 100k, now it's 200k members and they still offer $500 bonus. Not looking good at all, will see.
 
Am becoming a bit wary about this Upcoin Exchange ... I don't think this is a genuine program (that's what my gut feeling is now telling me) so I hope no one forks out any money to be paid to these until everyone who joined has a complete understanding about this UpCoin Exchange. Who are the representatives of this program? Where are they communicating in person to the public? Where's the Facebook page, where's the twitter feed? Where is the whitepaper? Who is the C.E.O? Which country is the exchange based? Who do they want a dollar from everybody who join?
I could go on and on and on and on and on...as you look more closely more questions keep popping up.
 
This is not a scam!

I mean think logically!

All they are giving you is $500 worth of transaction fees.

So in essence no you are not getting given $500 in "cash" but you are effectively not having to pay any fees on trades until that $500 is used up!

If they didn't give you that $500 then yes you would actually be $500 down after trading $500 worth of fees!

How can you not calculate something so simple?

Imagine they have 1% trade fee and you trade for two weeks.

You check your fee history and have paid $500 in fees during those two weeks.

If you were exempt from paying those fees you would have $500 more in your balance!

So Upcoin are basically giving you $500 trading fee waiver!

Money saved is money made!
 
Well,I joined this site from a deal in the marketplace ,I read the white the whitepaper on the site and other stuff online because I want to really understand it workability,I don't thibk the 500 dollars was ever meant to be withdrawn,it was just a misinterpretation by some people,I'm still observing the site to seewhat to make of it.
 
This is scam, because :
1 - the survey: it already collect your information what device u use, how much money you trade etc etc
2 - refferals: the more you reffer, the more details thei get: emails, devices, aprox budget of each user
3 - when you will start deposit to the website, it will start their malware . and i already found upcoin MS dos application in my computer, didnt even check it removed imidiatly
SCAM
 
I think it is a Multi level marketing. ?500$ is for me a marketing strategy. I will just have to see and observe how it goes in the market. Is it new? When i search upcoin . Is there a whitepaper on the site? for the meantime i will go through the official website and do some research.
 

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