Referral Program Terms and Conditions

Terms and Conditions for the Referral Program

1. Introduction

  • Triple Link Labs (operating as HardBlock Bitcoin Exchange) offers a referral program ("Referral Program") to its customers at its discretion. Participation in the Referral Program is governed by these Terms and Conditions.

2. Eligibility

  • Referrers
    • A "referrer" is an existing customer that shares a referral link.
    • To be eligible for participation in the Referral Program, individuals must have a verified HardBlock account.
    • There is no requirement to use this account for any transactions other than to receive referral payments.
  • Referees
    • A "referee" is a new customer who signs up for a HardBlock account using a referral link.
    • The Referral Program is available exclusively for new customers.
    • Existing customers are not eligible as referees.

3. Referral Payment

  • Referrers will receive a percentage based "referral payment", calculated as a percentage of the spread on each purchase or sale transaction of Bitcoin made by the accounts they have referred.
  • Referrers earn 30% of the spread calculated from transactions made by their referees.
  • This amount is then multiplied by the amount of Bitcoin transacted by the referee.
  • The "spread" is defined as the difference between the Bitcoin BUY or SELL price.
  • The current spread is visible on HardBlock's Fees page at www.hardblock.com.au/fees.

  • Example Calculation:
      • BUY: $44,937.91, SELL: $43,697.02, AVERAGE: $44,317.47
      • Spread Calculation:
        • BUY / AVERAGE – 1 = 0.014
        • 1 – SELL / AVERAGE = 0.014
      • Payment rate at 30% of spread: 0.014 x 0.30 = 0.0042

4. Payment Terms

  • Affiliate payments accrue as credits and are disbursed monthly on the first day of each month, provided the credit is equal to or greater than $1.00 at the time of payment.
  • Payments appear in the referrers account as AUD deposits under the type "Affiliate".

5. Option to receive payment in Bitcoin

  • Referrers may additionally opt to receive their payments in Bitcoin.
  • To do so, referrers must have the Auto-Buy feature enabled in their account.
  • HardBlock will not apply a spread charge for these conversions.

7. Amendments

  • HardBlock reserves the right to amend these Terms and Conditions at any time.
  • Continued participation in the Program after such amendments constitutes acceptance of the new terms.

8. Termination

  • HardBlock may terminate the Program or an individual's participation in it at any time and for any reason, with or without prior notice.

Still need help? Contact Us Contact Us