VALR's First Buy, First Earn: Gold Edition
Buy Bitcoin. Earn Gold-Backed Rewards.
Starting your Bitcoin journey shouldn’t be complicated. At VALR, we believe in making the process simple, transparent, and rewarding - especially for new customers. That’s why we’re introducing the First Buy, First Earn: Gold Edition.
From 1 to 25 May 2025, new fully verified VALR customers across Africa will have the opportunity to earn rewards in XAUT (a crypto asset backed by physical gold, issued by Tether) when they purchase Bitcoin using VALR’s Simple Buy/Sell feature.
Whether you’re buying $50 or $1,000 worth of Bitcoin, this promotion offers a structured way to earn a meaningful reward, all while gaining exposure to two of the world’s most enduring forms of value: Bitcoin and gold.
How It Works
Getting started is straightforward:
Sign up at valr.com/signup.
Verify your account to VALR’s fully verified (KYC 2) level.
Buy Bitcoin through Simple Buy/Sell during the promotion period.
Based on the total value of your Bitcoin purchases, you’ll receive rewards in XAUT. These rewards are distributed on a first-come, first-served basis until the respective pools are fully allocated.
| Bitcoin Purchase Amount | Reward in XAUT | Total Pool Available |
|---|---|---|
| $50 or more | $5 | $500 |
| $100 or more | $10 | $1,000 |
| $200 or more | $15 | $1,500 |
| $500 or more | $25 | $1,000 |
| $1,000 or more | $50 | $1,000 |
In addition, anyone who purchases $25 or more in Bitcoin also stands a chance to receive a randomised airdrop ranging between $2 and $100 in XAUT. This additional $500 airdrop pool will be distributed at the end of the promotion.
All rewards will be credited within 7 South African business days after the promotion ends.
Why Gold and Bitcoin?
Bitcoin is widely regarded as digital gold - a scarce, decentralised asset offering long-term value in the digital age. But what if you could also earn a digital token backed by real-world gold?
XAUT, issued by Tether, is backed by physical gold held in secure vaults. It brings the reliability of traditional assets into the digital economy, making it a fitting companion reward for those starting their Bitcoin journey.
Important Notes
Only new customers who verify their VALR account during the promotion period are eligible.
Bitcoin purchases must be made through Simple Buy/Sell.
Deposits, withdrawals, and transfers do not qualify.
Rewards are limited to the specified pool amounts and available on a first-come, first-served basis.
All qualifying users will be contacted via email, and selected aliases may be shared in our blog or social updates.
FAQs
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This promotion is open to new customers across Africa (excluding prohibited countries) who verify their VALR account (KYC 2) during the promotion period.
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No. This offer is exclusively for new customers who sign up and verify their accounts during the promotion period.
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Yes. Internal transfers, selling, or withdrawing Bitcoin may disqualify your purchase from counting toward the reward calculation.
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All eligible rewards will be credited in XAUT in the participants VALR account within 7 South African business days of the promotion ending.
Promotion Ts & Cs (“Rules”):
This promotional campaign (“Promotion”) is run by VALR Pty Ltd (“VALR”).
This Promotion may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition or promotion prohibits or excludes winning in this current Promotion.
The Promotion period (“Promotion Period”) begins at 00:00 am UTC, May 1st 2025 and ends at 23:59 pm UTC, May 25th 2025 (“closing date”).
This Promotion is available to new customers on VALR from across the African continent, excluding prohibited countries, who sign up for a VALR account, fully verify their account, and purchase at least $50 worth of BTC using VALR’s Simple Buy/ Sell feature during the Promotion Period (“Participant/s”).
Eligible Participants who purchase $25 or more worth of Bitcoinwill stand a chance to receive a randomised airdrop of XAUT, ranging from $2 to $100 at the conclusion of the Promotion.
There is no need to register for this Promotion.
VALR reserves the right to make a determination on the rewards and reward winner(s) in its sole and absolute discretion.
Rewards are not guaranteed, may differ per Participant and could amount to zero.
Winners will be announced within 7 South African business days after the closing date.
Rewards will be distributed within 7 South African business days after the closing date.
Qualifying users can only earn rewards from a single tier, depending on the total value of bitcoin purchases on Simple Buy/ Sell during the Promotion Period, and will not earn rewards across multiple tiers.
Recipients of random airdrops as well as recipients of the tiered rewards will see their rewards automatically credited into their account within 7 days after the Promotion has ended, with user aliases displayed on the designated blog article. Recipients may also be highlighted in marketing emails such as newsletters and on VALR’s social media pages.
Eligibility
The Promotion is available to new VALR customers from across Africa who have signed up, and completed their KYC 2 (Fully-verified status) on VALR during the Promotion Period, and who purchase at least $50 worth of BTC via VALR’s Simple Buy/Sell feature within the Promotion Period.
How to enter:
Sign up with VALR: https://www.valr.com/signup
Fully verify your account
Complete one or multiple purchases of Bitcoin worth at least $50 in total via Simple Buy/Sell during the Promotion Period. The value of each purchase is set by the market price at the time of purchase and is denominated in USDT.
Rewards
Reward Tiers:
Purchase at least $50 worth of BTC via Simple Buy/Sell during the Promotion Period to be eligible to earn $5 worth of XAUT.
A $500 Reward Pool is available for this reward tier and distributed on a First Come, First Served basis.
Purchase at least $100 worth of BTC via Simple Buy/Sell during the Promotion Period to be eligible to earn $10 worth of XAUT.
A $1,000 Reward Pool is available for this reward tier and distributed on a First Come, First Served basis.
Purchase at least $200 worth of BTC via Simple Buy/Sell during the Promotion Period to be eligible to earn $15 worth of XAUT.
A $1,500 Reward Pool is available for this reward tier and distributed on a First Come, First Served basis.
Purchase at least $500 worth of BTC via Simple Buy/Sell during the Promotion Period to be eligible to earn $25 worth of XAUT.
A $1,000 Reward Pool is available for this reward tier and distributed on a First Come, First Served basis
Purchase at least $1,000 worth of BTC via Simple Buy/Sell during the Promotion Period to be eligible to earn $50 worth of XAUT.
A $1,000 Reward Pool is available for this reward tier and distributed on a First Come, First Served basis
Airdrops
Eligible Participants who purchase at least $25 worth of BTC via Simple Buy/Sell during the Promotion period are eligible to receive a randomised airdrop at the end of the Promotion Period with rewards ranging between $2 to $100 worth of XAUT from a $500 reward pool.
Rewards Specifics
Rewards will be paid out in XAUT only.
Only new fully-verified users from across the African continent, excluding prohibited countries, are eligible for rewards.
Only Bitcoin purchases via Simple Buy/Sell count toward reward eligibility; selling, internal transfers and withdrawals may affect your qualifying balance.
Depositing Bitcoin into your account will not count towards rewards.
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 new 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 and claiming rewards or disqualifying specific trades:
5.1. Where VALR finds the Participant to be party to any anticipated, suspected or actual:
Fraud;
Inappropriate, dishonest or abusive activities;
Use of fake or fraudulent accounts;
Manipulation or violation of these Rules, or
Market manipulation, self-dealing, wash trading or illegally bulk registered accounts; or
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.
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.
