Mobile Money Deposit Fee Rebate and Referral Promotion

Deposit with Mobile Money and earn crypto rewards.

Ready to save on deposits and earn extra crypto? For a limited time, VALR is rewarding new and existing users who deposit funds into their accounts using Mobile Money.

Simply deposit using Mobile Money and get 50% of your deposit fees rebated in Bitcoin (BTC), up to 200 USD worth of BTC per user per calendar month.

Refer a friend and earn more

Refer friends who deposit via Mobile Money and earn 20% of their deposit fees in USDT, with a maximum of 200 USD per month per referrer.

Rebates are allocated on a first-come, first-served basis until the monthly reward pools are exhausted.

Promotion Details:

Duration:

First monthly round:  9 April 2026, 00:00 am to UTC 30 April 2026, 23:59 pm UTC.

Second monthly round: 1 May 2026, 00:00 am to UTC 31 May 2026, 23:59 pm UTC.

How to Get Started:

1. Successfully deposit funds into a VALR account using the Onafriq (Mobile Money) method and/or buy crypto using the same method.

2. Refer friends during the promotion period, and if they deposit and/or buy crypto using the Onafriq (Mobile Money) method, then stand to earn 20% of their deposit and/or purchase fees.

Promotion Ts & Cs (“Rules”):

1. This promotional campaign (the “Promotion”) is administered by VALR Pty Ltd (“VALR”).

2. This Promotion may be utilised in conjunction with any other competition or promotion conducted by VALR, unless the terms of such other competition or promotion expressly prohibit or exclude eligibility for this Promotion.

3. The Promotion period (the “Promotion Period”) commences on 9 April 2026, at 00:00 am UTC and concludes on 31 May 2026, at 23:59 pm UTC (the “closing date”).

4. Monthly Rounds:

   • Round 1: 00:00 am UTC, April 9th 2026 and ends at 23:59 pm UTC, April 30th 2026

   • Round 2: 00:00 am UTC, May 1st 2026 and ends at 23:59 pm UTC, May 31st 2026

5. The availability of Mobile Money services, including supported currencies and regions, is determined by VALR and its payment partners and may be amended from time to time. Not all countries or currencies listed in this article may be available to all Account Holders.

6. Rewards shall be distributed, in whole or in part, to qualifying participants within 7 (seven) South African business days following the end of each monthly round.

7. Eligibility and Qualification: This Promotion is open to new and existing VALR users.

8. To qualify for the deposit fee reward, eligible users must successfully deposit funds into their VALR account using the Onafriq (Mobile Money) deposit and/or buying method during the Promotion Period.

9. The deposit fee rebate reward is allocated on a "first come, first served" basis until the applicable monthly reward pool is exhausted.

10. Formal registration is not required for participation in this Promotion.

11. VALR reserves the exclusive right, in its sole and absolute discretion, to determine the rewards and select the reward recipients.

12. If users are found to engage in reward farming on their account or across multiple accounts, they may be disqualified.

13. Rewards are not guaranteed, may vary for each participant, and may amount to zero.

Eligibility:

1. To be eligible for the Mobile Money deposit fee rebate reward, participants must, during the Promotion Period:

• Successfully deposit funds into a VALR account using the Onafriq (Mobile Money) method and/or buy crypto using the same method.

Rewards Specifics:

1. Mobile Money Deposit Fee Rebate: Qualifying participants will receive a rebate of 50% of their Mobile Money deposit and/or buying fees incurred during the Promotion Period, paid out in Bitcoin (BTC).

   • The maximum rebate a participant may receive is $200 worth of BTC per monthly round.

   • The total reward pool for the Onafriq Deposit Fee Rebate is $4,000, with $2,000 allocated per month over the two-month Promotion Period.

2. Referral Reward: Participants may earn a referral reward by successfully referring friends during the Promotion Period and who deposit and/or buy using the Onafriq (Mobile Money) method. The referrer will earn 20% of their referred friends' Onafriq deposit and/or buy fees, paid out in USDT.

   • The maximum referral reward a referrer may receive is $200 per monthly round.

   • The total reward pool for the Referral Reward is $4,000, with $2,000 allocated per month over the two-month Promotion Period.

3. VALR reserves the exclusive right, in its sole and absolute discretion, to determine the rewards.

4. Rewards may differ for each participant and may amount to zero.

5. VALR provides no representations or warranties regarding the fee rebate.

6. The value of rewards denominated in USD shall be determined by VALR at the time of calculation, based on prevailing market rates as determined by VALR.

7. A deposit shall only be deemed “successful” once it has been fully processed, received, and credited to the participant’s VALR account, and is not reversed, cancelled, or subject to chargeback or clawback.

8. Referral rewards will not be awarded in respect of self-referrals, duplicate accounts, or accounts that are directly or indirectly controlled by the same individual or entity.

Personal information: 

Any personal information provided to VALR by a participant for purposes of this Promotion will be treated in accordance with VALR’s Privacy Policy.

 The nitty gritty:

1. The Promotion is open to all VALR customers, except VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers as well as any persons resident in VALR’s list of prohibited countries. 

2. Participation by all participants constitutes acceptance of these Rules, VALR’s Terms of Service and Risk Disclosures. By entering the Promotion, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Promotion in its sole and absolute discretion and further that any decision made by VALR in terms of these Rules and the Promotion as final and binding including but not limited to any decisions regarding rewards, the reward pool and reward payouts. Any participants found violating this clause will be removed from the Promotion and VALR may freeze or block such participant's VALR account.

3. For the purposes of this Promotion, each day will be considered to run from 00:00 - 23:59 UTC.

4. VALR reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary the Rules and the Promotion without prior notice, including but not limited to cancelling, extending, terminating or suspending the Promotion, the Rules, the rewards, the reward parameters, the reward pool, the eligibility terms and criteria, the selection and/or number of rewards or winners.

5. VALR reserves the right, in its sole and absolute discretion, to disqualify any participants from participating in the Promotion, suspend their accounts, revoke all associated rewards, and/or  disqualifying specific trades:

5.1. Where VALR finds the participant to be party to any anticipated, suspected or actual:

• Fraud;

• Fraudulent registration, including providing false identity verification (KYC) information, using others’ KYC details, or registering multiple accounts;

• Inappropriate, dishonest or abusive activities, including but not limited to click farming, device farming, or using malicious tools for fraudulent purposes;

• Use of fake or fraudulent accounts;

• Manipulation or violation of these Rules, VALR’s rules, VALR’s policies, campaign terms, conditions or announcements (as updated from time to time); or

• Market manipulation, self-dealing, wash trading, laundering trades or illegally bulk registered accounts; or

• Breach of local regulatory requirements; or

• Any other activities with the intent or result of abusing, disrupting, or undermining the legitimate operation of the Promotion, as determined by VALR.

5.2. For any other reason as determined by VALR.

6. If you are selected as a reward winner, you agree and consent to VALR publishing your name, your VALR reference number / tag and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any reward winner(s), provided that any reward winner(s) may expressly elect to decline this.

7. VALR will announce on its social media pages when the Promotion has ended. No further rewards will be awarded once VALR has made such an announcement. The participant should visit VALR’s social media pages regularly for updates. 

8. These Rules will be governed and interpreted in accordance with South African law and any disputes arising from the Promotion will be subject to the exclusive jurisdiction of the courts of South Africa.

9. Rewards are non-transferable, non-exchangeable and may not be sold, bartered, gifted or substituted, except at VALR’s sole and absolute discretion. VALR reserves the right to substitute a reward of equal or greater value if necessary.

10. VALR is not responsible for any lost, delayed, misdirected, incomplete, corrupted or malfunctioning entries, payments, transactions, or communications, including those caused by network, system, device, or third-party failures; this includes any failure, delay, or error arising from third-party service providers, including but not limited to Onafriq or Mobile Money operators.

11. Reward winners will be decided at random by VALR in its sole and absolute discretion. VALR makes no representations or warranties regarding Rewards, including but not limited to its fitness for a particular purpose or customer.

12. VALR reserves the right to withhold, cancel, or recover any rewards (whether awarded or not) where it reasonably suspects abuse, error, or breach of these Rules.

13. In the event of any error (including technical, pricing, or calculation errors), VALR reserves the right to correct such error and adjust or cancel any affected rewards.

14. Participation in the Promotion is subject to applicable laws and regulations in the participant’s jurisdiction, and VALR reserves the right to restrict or exclude participation where required.

Disclosure: 

Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate. 

VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).

Please refer to VALR’s full set of risk disclosures found here.

Waiver

The participant hereby releases, waives and discharges VALR and its affiliates from any and all liability, costs or expenses, claims, demands, actions and causes of action whatsoever for any loss or damages, that may be sustained by the participant arising out of or relating to the participant’s participation in the Promotion, or while in any way engaged with activities related to the Promotion, wherever, whenever, or however the same may occur, regardless of who is at fault and including as a result of the negligence or fault of VALR or its affiliates.

Disclaimer

The Promotion and its content should not be construed as investment advice or an offer or an invitation to make an offer, to buy or sell crypto assets, or an inducement to enter into any agreement or commitment with VALR or any of its affiliates in respect to any products or services for any persons, including those who are prohibited from receiving such content under the laws applicable to their place of citizenship, domicile, or residence.

VALR and its affiliates give no warranty, express or implied, including with respect to the fitness for a particular purpose of any information provided, or assume any legal liability or responsibility for the accuracy, completeness or usefulness of any information, product, practice, service or process presented, or represent that its use would not infringe any rights. VALR accepts no responsibility for, and shall have no liability in respect of, any loss or damage, whether direct, indirect or consequential, which may arise from reliance on or in connection with, the information presented herein.

The Promotion content contained herein does not constitute investment or financial advice (or any advice whatsoever), should not be used as the basis for any investment or financial decisions, and does not purport to provide any legal, tax, or accounting advice.

All VALR's rights are expressly reserved.