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Referral Program Terms & Conditions

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1. Referral Program

  1. We offer a customer referral program that allows existing customers (Referrers) to provide new customers (Referees) with a unique referral code/referral link.
  2. The commencement date of the Referral Program is 24/03/2023.
  3. The program will run until we elect to terminate the program.
  4. We reserve the right to terminate the Referral Program at any time for any reason without prior notification to you.

  5. Referrers are eligible for $20 worth of Bitcoin if a Referee creates an eligible account using the Referrer's unique referral code/link and executes a trade.

    1. For Referrers whose address is listed as New Zealand, they will receive NZ$20 worth of Bitcoin.
    2. For Referrers whose address is listed as any jurisdiction other than New Zealand, they will receive A$20 worth of Bitcoin.

  6. Referees are eligible for $20 worth of Bitcoin if they open a fully verified or FastTrack account using the Referrer's unique referral code/link and execute a trade.

    1. For Referees whose address is listed as New Zealand, they will receive NZ$20 worth of Bitcoin.
    2. For Referees whose address is listed as any jurisdiction other than New Zealand, they will receive A$20 worth of Bitcoin.

  7. To qualify as an eligible account:

    1. An application for a new account to be made by the Referee using the Referrer's unique referral code/link.
    2. The Referee must not already have a fully verified or FastTrack account.
    3. The Referee must complete either the full account verification process or the FastTrack verification process.
    4. The Referee executes a trade.
    5. The Referee and the Referrer cannot be related parties.
  8. The Referral Program does not impact the operation of the Affiliate program.
  9. The amount of Bitcoin is determined by the prevailing market price at the time we credit your account with Bitcoin.
  10. The Bitcoin will be automatically credited to the Referee.
  11. The AUD, NZD or BTC credit will be placed into the Referrer’s account by us.
  12. Failure to use the unique referral code/link when opening a new account renders the Referrer and Referee ineligible to participate in the Referral Program.

2. How it works:

  1. IR customers (Referrers) can receive $20 of Bitcoin when they refer a friend (Referee). The Referee will also receive $20 worth of Bitcoin when they sign-up, verify (FastTrack or fully verified) and trade. There’s no first-trade minimum.

3. Timeframes

  1. The program will run indefinitely from 24 March 2023. Subject to change.
  2. There may be limited-time promotions where we may offer larger bonuses or change eligibility requirements.
  3. Or, we may remove the program altogether.
  4. Valid for new customers (Referees) only.

4. Conditions of payment

  1. Referrers are valid and verified IR customers.
  2. Referees must use the unique referral code provided to them by the Referrer when signing up for the account.
  3. The Referees must not already have an Independent Reserve account.

  4. For the Referrer and Referee to receive the payment, the Referee must:

    1. Sign up using the referral code.
    2. Complete verifications (FastTrack or full verification).
    3. Make a deposit.
    4. Trade.
    5. There’s no minimum trade requirement.
    6. Have an address listed in Australia, New Zealand, or Singapore.
  5. Minimum trade requirements: None.
  6. Distribution of payments (fiat or Bitcoin) will be made automatically upon completion of the above criteria.
  7. Bitcoin will be allocated at the market price at the time we credit the Referee's account.

  8. The dollar denomination (AUD, NZD) will be determined by the Referees' location.

    1. If the Referee resides outside of NZ, they will receive A$20 worth of Bitcoin.
    2. For Referees whose address is listed as New Zealand, they will receive NZ$20 worth of Bitcoin.

5. Clawback clause

  1. Fraudulent exploitation of the program will result in any payments made to Referrers and Referees being reversed.

6. Other

  1. From 24 March 2023, the existing Affiliate Program will cease to operate and will be replaced by the Referral Program, as defined in these Terms.
  2. All the brokerage % will keep accruing for users who were invited earlier within the affiliate program.