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. Referee Bonus

• Referees who sign up and successfully verify their account will receive a bonus payment of $10 bitcoin into their account.
• Referees must complete account call verification before the bonus payment can be withdrawn as either bitcoin or AUD.
• Referees cannot open multiple accounts in order to claim multiple bonuses.

3. Referral Payments

• 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.

9. Addendum

• If your referee missed out on using your code on signup (for example due to clearing their cache/cookies after following your link but before completing signup), we can add your code in to their new account after signup. Simply reach out to our support inbox for help.
  • Note that any bitcoin purchases made before we manually add your referral code in this case will not retroactively grant you the referral bonus. Only bitcoin purchases after the code is added will generate a referral bonus.