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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. Referrers are eligible for an SGD 10 credit if a Referee creates an eligible account using the Referrer's unique referral code/link and executes a trade.
  3. Referees are eligible for SGD 10 worth of Bitcoin if they open an account using the Referrers unique referral code/link and execute a trade.
  4. The referral code cannot be used in conjunction with any other promotion/ referral code or offer. Only one promotional code may be redeemed for the account opening.
  5. The amount of Bitcoin is determined by the prevailing market price at the time we credit the Referee's account with Bitcoin.

2. Eligibility criteria

  1. To qualify for the promotion, both the Referrer and the Referee must meet the eligibility criteria.

  2. Referrers

    1. Must have a valid and verified account with Independent Reserve Singapore

  3. Referees

    1. Referees must use the unique referral code provided to them by the Referrer when signing up for the account.
    2. The Referees must not already have an Independent Reserve account.
    3. The Referee must complete the full account verification process.
    4. The Referee executes a trade.
  4. 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.

3. Timeframes

  1. The program will run until 30 May 2025 unless terminated earlier at Independent Reserve’s discretion.
  2. We reserve the right to terminate the promotion at any time for any reason without prior notification to you.
  3. Valid for new customers only.

4. Clawback clause

  1. Fraudulent exploitation of the program will result in any payments made to Referrers and Referees being reversed.
  2. If a Referee’s account is found to be in violation of the General Terms and Conditions, both the Referrer and the Referee’s promo payments will be reversed.
  3. Independent Reserve also reserves the right to reverse or withhold any referral payments from withdrawal where it is found that the account has violated our General Terms and Conditions, or is in breach of any law, statute or regulation.

5. General Terms

  1. Independent Reserve shall not be liable for any financial loss arising out of the refusal, cancellation or withdrawal of the promotion or any failure or inability of a user to take advantage of the promotion for any reason.
  2. This Promotion is subject to the Terms and Conditions, and specifically the Risk Disclaimers that govern the use of our services. In the event of any dispute, we reserve the right to make all final decisions regarding the promotion.
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© 2025 Independent Reserve SG PTE. LTD | UEN 201942383Z Major Payment Institution License No. PS20200517

Independent Reserve SG Pte. Ltd. holds a Major Payment Institution License (License Number: PS20200517) for providing Digital Payment Token Services under the Payment Services Act 2019.

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of Independent Reserve. Before you pay Independent Reserve any money or DPT, you should be aware of the following.

1. Independent Reserve is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to Independent Reserve if our business fails. 2. You should be aware that MAS does not supervise or regulate Independent Reserve for the provision of unregulated services. This includes any service of trading digital payment token derivatives such as futures. 3. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Independent Reserve. 4. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens. 5. You should be aware that Independent Reserve, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.