OKX AU - Buy Streak Terms and Conditions
These Terms and Conditions govern the Buy Streak promotional campaign. By opting into this campaign, you agree to these specific rules along with the platform's general User Agreement.
Eligibility Requirements
To participate, you must be at least 18 years old and meet the following criteria:
New user: This offer is only open users who have not executed any purchase, sale, conversion or trade on the OKX Australia platform before the time this Campaign is first made available to them. Users who have already executed a purchase, sale, conversion or trade on the OKX Australia platform before that time are ineligible.
Verification Status: You must be a KYC-verified retail user residing in Australia and eligible to use the relevant OKX services. This Campaign is only available to users who receive access to the Campaign in the OKX mobile app and satisfy these Terms.
Platform Restriction: Participation is limited to the Mobile App only; web-based transactions do not qualify.
Exclusions: This offer is not available to institutional (KYB) accounts and risk-flagged users, as reasonably determined by OKX. This campaign may exclude certain user groups, and not all users who see the campaign in their app may be eligible to participate or receive rewards.
Multiple Buy Streaks: If a user is enrolled in a buy streak campaign, the user will not be able to participate in other buy streaks. A user is only allowed to participate in one buy streak at a time.
Campaign Period and Key Deadlines
The campaign operates within two distinct windows to ensure all participants have a fair opportunity to complete their streaks:
Enrollment Window: Users must enroll into the campaign by 11:59 PM in the timezone observed in NSW, Australia (AEST or AEDT, as applicable) on the date specified on the campaign page in app.
Completion Window: Users have an additional four days from the end of the enrollment period to complete all of the daily purchases required for the streak campaign.
Daily Purchase Window: Users must complete their purchase every day by 11:59 PM in the timezone observed in NSW, Australia (AEST or AEDT, as applicable).
Reward Structure and Qualified Buy Rules
Eligible participants can earn rewards up to the amount specified on the campaign landing page through a two-tiered system:
Base Reward: Upon enrolling for the campaign and completing an eligible purchase or purchases exceeding the threshold specified on the campaign page, users will receive the first day bonus.
Streak Reward: After completing five consecutive days of purchases within the eligible time windows, users will receive a second reward as specified on the campaign page.
A "Qualified Purchase" is strictly defined as follows:
Order Type: Must be a Simple Buy or Recurring Buy using AUD, Card, Apple Pay, Google Pay, or existing USD-stablecoin balances.
Excluded Transactions: Spot trading and Convert features are excluded and will not count toward any reward.
Eligible Crypto:
Purchases must be of a non-stablecoin asset (e.g., BTC, ETH). Buys of stablecoin tokens including, but not limited to, USDT, USDC, USDG, or USD1 are excluded.
DEX tokens are not considered eligible assets for this campaign.
Some streak campaigns may have additional exclusions as noted on the campaign page.
Minimum Value: Users may make one purchase exceeding the threshold or multiple smaller purchases of eligible tokens in order to qualify for rewards or continue their streak.
Timing: Only buys completed after opting in to the campaign will be tracked.
Streak Logic and "Reset to Day 2" Rule
The campaign uses a behavioral design choice to encourage completion while minimizing user frustration:
Daily Tracking: Users may make one qualified purchase or the qualified sum of multiple purchases per calendar day (defined as by 11:59 PM in the timezone observed in NSW, Australia (AEST or AEDT, as applicable)) in order to continue the streak.
Breaking the Streak: If you miss a day after completing your first day of purchases, your progress will not reset to zero. Because your Base Reward is secured on Day 1, a missed day will reset your progress to Day 2. You would then need 4 more successful daily buys to reach the 5-day milestone.
Edge Cases and Participation Risks
Late Enrollment Risk: You must enroll by the last eligible campaign enrollment window. Note that if you enroll on the last day, you must also complete your Day 1 buy on the same day, otherwise you will not have enough time to complete your streak.
Insufficient Remaining Time: If you break your streak late in the campaign (for example, missing a buy on the second to last day of the Completion Window), you will be unable to earn the Streak Reward.
Fast Sell Rule: To prevent incentive abuse, a buy will be disqualified if you sell or convert all or any part of the asset within 10 minutes of the transaction being completed or settled. We reserve the right to withhold, cancel, reverse or recover rewards for users who we reasonably determine have abused or manipulated this mechanism.
Payment Reversals: If a qualifying transaction is reversed (e.g., bank deposit failure) before rewards are issued, that day’s progress is invalidated. If a reversal occurs after issuance but before the lock period ends, the reward will be withheld, cancelled, reversed or recovered.
Reward Issuance and 60-Day Lock
Risk Checks: All rewards are subject to internal risk reviews at three stages: enrollment, issuance, and unlocking. If the risk review flags a user, the reward will not be issued. Likewise, a flagged user may not be able to join the campaign or continue making streak-qualified purchases.
Distribution: Rewards are typically issued shortly after milestone completion but may be locked for a period of time after issuance. The lock-up period will be specified on the campaign page. Some streak campaigns will distribute rewards that are tradable immediately but non-withdrawable. Users are responsible for checking the campaign page and FAQ for details.
Reward Recovery: OKX may withhold, cancel, reverse or recover any reward where it reasonably determines that the user was not eligible, a qualifying transaction was reversed, cancelled or invalid, or the user engaged in abuse, manipulation, fraud or other conduct in breach of these Terms.
General Terms
Users who participate in this Campaign acknowledge that they have read, understood and agreed to the Terms and Conditions of this Campaign.
These Terms & Conditions form part of the OKX Terms of Service - Australia. If you do not comply with the OKX Terms of Service - Australia at any time, you will not be eligible to participate in the Campaign.
We reserve the right to amend, extend, or terminate the Campaign at any time. In the event of termination or material amendments that are adverse to users, we will provide 3 business days’ notice by sending an email to users who have joined the Campaign and removing or updating the Campaign details from our webpage. During this notice period, participants may continue to complete tasks and will remain eligible for rewards as per the terms in place at the time of task completion. Any tasks completed before or during the notice period will remain eligible for reward(s) under the terms applicable at the time.
This Campaign is not intended as a recommendation to deal in any products, or investment advice.
Any and all applicable taxes and all fees and additional expenses related to acceptance and use of the reward are the sole responsibility of the individual reward recipient.
During the campaign period, OKX will monitor the behaviour of traders to avoid any form of cheating or abnormal behaviour, including but not limited to: registering multiple accounts, using other people's accounts, using other people's information to register accounts, false KYC information, maliciously increasing trading data, engaging in laundering trades or wash trades, violating the terms and conditions of the campaign, violating local regulatory rules for transaction and any other campaigns related to illegal, fraudulent or harmful purposes, etc. If any of the above acts are deemed to be discovered by OKX, OKX reserves the right to disqualify the user from the reward.
Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions and OKX is not liable for any losses that may arise. Past performance also does not constitute a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your own investment experience, financial situation, investment objectives and risk appetite and consult an independent financial adviser before making any investment. This campaign and the terms and conditions should not be regarded as financial advice.
The value of digital assets, including but not limited to stablecoins, can and do fluctuate greatly from time to time. The value of any reward under this campaign at the time a participant qualifies for such reward may not be equal to the value of such reward at the time of distribution to the participant. Due to such fluctuations, users may experience a significant increase or decrease in the value of their assets at any given moment.
OKX reserves the right of final interpretation of the Terms & Conditions of this campaign, provided that such interpretation is reasonable.
OKX is not responsible for technical, graphic, typographical or editorial errors or omissions.
Disclaimer
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035); and other products and services by the relevant OKX entities which offer them (see Terms of Service). OKX Australia Pty Ltd ('OKX Australia') is also a Corporate Authorised Representative (CAR No. 1318306) of Openmarkets Australia Limited (AFSL No. 246705) and is authorised to provide general financial product advice in relation to superannuation only. This information is general in nature and does not take into account your objectives, financial situation or needs. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Digital assets are volatile and carry a high level of risk; you may lose some or all of your investment. Read our Terms of Service and Risk Disclosure Statement for more information.
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