KuCard Cashback Program Terms and Conditions

(last updated on 12 June 2024)

1. General

1.1. The KuCard Cashback Program (“Campaign”) will be effective from June 1, 2024 or such other dates as may be determined by KuCoin from time to time without prior notice to you (“Campaign Period”).

1.2. By participating in this Campaign, you agree to be bound by these Campaign Terms and Conditions (“Terms and Conditions”) and agree that any decisions made by KuCoin in respect of this Campaign shall be final and binding.

1.3. These Terms and Conditions shall be read together with KuCard Terms of Use which can be found at https://www.kucoin.com/announcement/KuCard-Terms-of-Use.

2. Eligibility

2.1. This Campaign is open to all customers of KuCard (“Eligible Participant”, “you” or “your”).

2.2. The following persons shall not be eligible to participate in this Campaign:

(a) Users whose KuCoin Account or KuCard is terminated, closed, suspended or unsatisfactorily conducted as determined by KuCard within this Campaign Period;

(b) Users who are or become mentally unsound, deceased, adjudicated bankrupt or have legal proceedings of any nature instituted against them during this Campaign Period;

(c) Individuals below the age of eighteen (18) years; and

(d) Residents of restricted countries as determined by KuCard from time to time.

3. Cashback Mechanics

3.1. Eligible Participant will be entitled to earn cashback based on the following Tier System:

Cashback Earning

The earning percentage is 1% for all tiers

Redemption

Market value of BTC/ETH/KCs

* In USDT or any other currency with an equivalent value over a 30-day period.

** For users with KCS holding ≥ 100

*** Refers to the maximum amount of a monthly cap

3.2. Eligible Participant may opt to receive the cashback in EUR, BTC, ETH or KCS. The currency of cashback can be changed at any time by the Eligible Participant through the KuCoin Platform.

3.3. The Cashback earned for the month’s transactions will be credited to your cashback account on the 15^th day of the following month. You can then use the cashback to exchange for KCS, BTC, and ETH cryptocurrencies. KuCoin shall not be responsible for any failure or delay in posting of sales transactions which may result in an eligible transaction being rendered ineligible for the cashback.

4. Excluded Transactions

4.1. Cashback will not be awarded for the following transactions using KuCard:

(a) Automated Cash Disbursements, including where cash disbursement transactions occurred at automated teller machines (ATMs);

(b) Investment Platforms, where such merchandise and services may include checks and other financial products, promotional merchandise, loan fees, and financial counselling service fees. Included are also repayment of debts to banks, savings and loans, thrift shops and credit unions;

(c) Brokers/Dealers, where such merchants are associated with financial institutions for the purchase of merchandise or services or the repayment of debts to banks, savings and loans, thrift shops and credit unions. For example, the purchase of cheques, other financial products or promotional merchandise, deposits, the funding of an account, the purchase or reload of a stored-value card, the purchase of foreign currency, non-fiat currency (for example, cryptocurrency), money orders (a negotiable paper-based remittance – not a money transfer), traveller’s cheques and loan fees or financial counselling service fees. This also includes merchants involved in the repayment of a debt, loan or credit card balance by a cardholder to the financial institution;

(d) Customer Financial Institution;

(e) Gambling Transactions, where it includes the placing of a wager, the purchase of a lottery ticket, spread betting, in-flight commerce gaming, or the purchase of chips or other value usable for gambling in conjunction with gambling activities provided by wagering or betting establishments such as casinos, race tracks, card parlours, airlines, and the like;

(f) Professional Services. Examples of such merchants include mortgage brokers, research firms, financial planners, graphic designers, guest speakers and lecturers, court stenographers, real estate appraisers, research firms, and auction houses. Please note that charging your PayPal or Curve account, for instance, also falls under this category;

(g) Government Services, including general support services to the government such as personnel, auditing, procurement, and building management services. Examples include civil rights and civil service commissions, general government accounting offices, general services offices, government supply agencies, fire, and motor vehicle departments, and national, state, and city parks;

(h) Postal Services at Government postal offices, including local post office branches. Services provided include accepting and processing packages and mail for delivery, selling postage stamps, and express mailing services; and

(i) Any other transactions as determined by KuCoin from time to time.

5. General Terms and Conditions

5.1. By participating in this Campaign, you agree and consent to allow your personal data to be collected, processed and used by KuCoin in accordance with KuCoin’s Privacy Policy, which may be viewed at https://www.kucoin.com/legal/privacy-policy. In addition and without prejudice to the terms set out in KuCoin’s Privacy Policy, you agree and consent to your personal data or information being collected, processed and used by KuCoin for the purposes of this Campaign.

5.2. Unless specifically mentioned in these Terms and Conditions, this Campaign is not valid with any other campaign of KuCoin, and no other special, additional, preferential rates and/ or reward shall be given to you in addition to this Campaign.

5.3. KuCoin reserves the right to claw-back the cashback amount without prior notice if it reasonably determines that the customer is not eligible for the cashback, including where the cashback was awarded due to an error, cancelled or the transaction is not a retail spend.

5.4. KuCoin shall not be responsible for any failure or delay in posting of transactions which may result in any Eligible Participant being omitted from enjoying the cashback.

5.5. The records of transactions maintained by KuCoin and KuCoin’s decision in all matters (including but not limited to any dispute arising therefrom) relating to this Campaign shall be final, conclusive and binding on you. KuCoin shall not be obliged to give any reason or entertain any correspondence with any person(s) or any party(ies) on any matter in relation to this Campaign.

5.6. KuCoin shall not be liable for any misinterpretation or misrepresentation of facts by any unauthorised third party in respect of this Campaign offered and published in any media, marketing or advertising material.

5.7. KuCoin may vary these Terms and Conditions or suspend or terminate the Campaign without any prior notice or liability to any party.