Terms and Conditions

Risk Warning: Digital assets are highly volatile investments, and their values can fluctuate significantly. Refer to our Risk Disclosure Statement and Terms and Conditions on our website.

1. Definitions and Interpretation

In these Terms and Conditions, unless the context requires otherwise:

1.1. “Balance Reward” has the meaning given in clause 6.

1.2. “Campaign” means the Balance Rewards marketing campaign described in these Terms and Conditions.

1.3. “Campaign Period” means the period commencing at 00:01 (AEST) on 1 September 2026 and ending at 23:59 AEST on 30 November 2026, as may be varied under clause 7.

1.4. “Client” means a person or entity that holds a Pepperstone Crypto Account.

1.5. “Client Agreement” means the applicable terms and conditions and associated documents that govern the Client’s Pepperstone Crypto Account.

1.6. “Eligible Digital Asset” means any digital asset we designate as being eligible for this Campaign under clause 7(g), as set out in Schedule 1.

1.7. “Pepperstone”, “Pepperstone Crypto”, “Pcrypto”, “we”, “us” or “our” means Pepperstone Digital Pty Ltd (ACN 683 263 836) trading as Pepperstone Crypto. 

1.8. “Pepperstone Crypto Account” means an account opened and maintained with us by a Client for the purposes of trading or otherwise transacting in crypto assets.

1.9. “Qualifying Balance” has the meaning given in clause 5.

1.10. “Qualifying Period” means, in relation to a Reward Cycle, the 30 consecutive days ending on the last day of that Reward Cycle, by reference to which a Client's Qualifying Balance for that Reward Cycle is determined, as set out in clause 5.

1.11. "Reward Cycle" means each calendar month falling within the Campaign Period.

1.12. “Reward Tier” means each tier of Qualifying Balance set out in Schedule 1, each with a corresponding Balance Reward amount.

1.13. “Schedule 1” means Schedule 1 to these Terms and Conditions, as updated by us from time to time under clause 7(g).

2. Offeror

This Campaign is offered by Pepperstone Crypto.

3. Campaign Period

The Campaign runs during the Campaign Period referred to in clause 1, subject to any variation, suspension, withdrawal or cancellation under clause 7.
 

4. Eligibility

4.1. To be eligible to participate in the Campaign, a Client must:

1. hold a Pepperstone Crypto Account that is open and not suspended or otherwise restricted by us;
2. have successfully completed all applicable identity verification and onboarding requirements (including KYC checks) applicable to that Pepperstone Crypto Account; and
3. hold a Qualifying Balance of the relevant Eligible Digital Asset for the Qualifying Period of a relevant Reward Cycle, as set out in clause 5. 

4.2. The Campaign is available to all Clients who satisfy the above requirements.

4.3. Employees, contractors, agents, affiliates, and related entities of ours may be excluded from participating in the Campaign at our discretion.

5. Qualifying Balance

5.1. A Client’s “Qualifying Balance” for a Reward Cycle means the average daily quantity of an Eligible Digital Asset held in the Client's Pepperstone Crypto Account over the Qualifying Period, determined by reference to daily balance snapshots (each a “Snapshot”), which are final and binding, subject to clause 7(e), provided that:

1. the Client's Pepperstone Crypto Account holds a balance of the relevant Eligible Digital Asset greater than nil on each day of the Qualifying Period; and
2. the resulting average daily quantity falls within the Reward Tier for the relevant Eligible Digital Asset, as set out in Schedule 1; and
3. the Qualifying Balance shall be determined on a single-Pepperstone Crypto Account basis and a single-Eligible Digital Asset basis. Where a Client holds multiple Pepperstone Crypto Accounts, and/or more than one type of Eligible Digital Asset, the Qualifying Balance shall not be determined on an aggregate basis.

5.2. A Client's Reward Tier for a Reward Cycle is determined by the Qualifying Balance held throughout the Qualifying Period, and not by reference to any single Snapshot or point-in-time balance. 

5.3. Because a Client's Qualifying Balance is an average over the 30-day Qualifying Period, Eligible Digital Assets deposited during a Reward Cycle are included in that average only for the days on which they are actually held.

6. Balance Rewards 

6.1. Nature of the Balance Reward
The Balance Reward is a discretionary marketing benefit, and not interest, yield or a return on a Client's digital assets. Specifically: 

1. the amount of the Balance Reward is determined solely by the whole-number Reward Tier applicable to a Client's Qualifying Balance, and is not scaled by, or calculated by reference to, the market price or value of the Eligible Digital Asset held; 
2. we do not stake, lend, invest, deploy, or otherwise use a Client's digital assets to generate the Balance Reward, and Eligible Digital Assets held for the purposes of this Campaign remain held on a custodial basis and in line with clauses 8 and 9 of our Terms and Conditions; 
3. the Balance Reward is not derived from, or dependent on, any yield, return or income generated on any Clients' assets; and 
4. there is no connection between the amount or funding of the Balance Reward and the quantity or value of the Eligible Digital Asset a Client holds, except for determining which Reward Tier (if any) applies.

6.2. Amount
A Client who has a Qualifying Balance for a Reward Cycle will be paid the Balance Reward corresponding to their Reward Tier, as set out in Schedule 1.

6.3. Payment
The Balance Reward for a Reward Cycle will be paid in the same Eligible Digital Asset by reference to which the Client’s Qualifying Balance for that Reward Cycle was determined, within 14 days of the end of the relevant Qualifying Period, credited to the Client's Pepperstone Crypto Account. 

7. Limits and Restrictions

 7.1.    We reserve the right to:

1. Exclude anyone from the Campaign for any reason; 
2. verify eligibility for participation in the Campaign, including by requesting additional information or documentation and, where required, by withholding or delaying the Balance Reward pending that verification;
3. disqualify any participant who breaches these Terms and Conditions or engages in conduct we reasonably consider abusive, fraudulent, manipulative, misleading, or inconsistent with the intended operation of the Campaign;
4. withhold or reverse the Balance Reward of the Campaign, including by recovering any amount already provided, where required by law, regulation, internal policy, or operational risk considerations; 
5. amend, suspend, withdraw, or cancel the Campaign at any time where reasonably necessary, including to comply with applicable laws or regulatory obligations, or to correct any pricing, technical, operational, or system error relating to the Campaign; 
6. correct any obvious error in published Campaign materials, including pricing, fee calculations or eligibility criteria, provided that doing so is reasonable and consistent with applicable law;
7. vary the Reward Tiers or the minimum Qualifying Balance, with such variation taking effect from the start of a new Reward Cycle; and
8. designate further Eligible Digital Assets, and corresponding Reward Tiers, by updating Schedule 1.
    

7.2. For the avoidance of doubt:

1. No reimbursement, rebate, or other payment beyond the Balance Reward is made under this Campaign; and
2. the Balance Reward applies only to Qualifying Balances.

8. Fees and Charges

Unless expressly stated otherwise in these Terms and Conditions, all fees, charges, costs and expenses applicable to your transactions or Pepperstone Crypto Account continue to apply in accordance with the Client Agreement and our prevailing fee schedule.

Without limitation, where applicable:

8.1. bid/ask spreads remain unchanged;

8.2. any funding, financing or borrowing charges continue to apply;

8.3. any blockchain, network, validator or gas fees payable in connection with a transaction remain your responsibility;

8.4. any third-party fees or charges, including those imposed by payment service providers, banks, custodians or other service providers, continue to apply; and

8.5. any applicable taxes, duties or governmental charges remain payable by you.

9. General

9.1. Participation in the Campaign constitutes acceptance of these Terms and Conditions.

9.2. These Terms and Conditions supplement the Client Agreement. If there is any inconsistency, the Client Agreement prevails except to the extent these Terms and Conditions expressly state otherwise.

9.3. This Campaign cannot be combined with any other offer, rebate, discount, or campaign unless we state otherwise in writing.

9.4. Our records and calculations relating to the Campaign are final and binding, acting reasonably.

9.5. Nothing in these Terms and Conditions limits any rights that cannot lawfully be excluded under applicable law.

9.6. Clients are solely responsible for any tax obligations arising from participation in the Campaign.

9.7. We may communicate with eligible Clients regarding the Campaign through email, the platform, mobile application or other registered contact details.

9.8. We’ll update any changes to these Terms and Conditions on our website. By continuing to participate in the Campaign, you’ll be deemed to have accepted the updated terms.

10. Governing Law and Jurisdiction

These Terms and Conditions are governed by the laws of Victoria, Australia, and each Client submits to the non-exclusive jurisdiction of the courts of that State.

Schedule 1 — Eligible Digital Assets and Reward Tiers

ETH