DRB Panama Inc (“Deribit”) offers an affiliate program that allows users to earn commissions by referring new users to our platform (the “Affiliate Program”).
The Affiliate Program is governed by these affiliate program terms and conditions (“Affiliate Program T&Cs”)
Eligibility
Participation in the Affiliate Program is strictly limited to clients of DRB Panama Inc. Clients of Deribit FZE are not eligible to participate in the Affiliate Program. By participating, affiliates confirm that their account is registered under DRB Panama and that they are subject to Panamanian law.
Please note that the Affiliate Program is not available to residents of (i) the United Arab Emirates (UAE); and (ii) any other jurisdiction designated as an Excluded Country on our Website (as amended from time to time). Any participation from within the UAE or any other Excluded Country is strictly prohibited.
To participate, you must agree to the Terms of Service of DRB Panama Inc and the Affiliate Program T&Cs.
Terms of Participation
By participating in the Affiliate Program, you agree to the following obligations:
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You shall use our services responsibly, ethically, and in compliance with generally accepted community standards.
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You must adhere to all applicable laws and regulations, including those governing the protection of intellectual property, data privacy, advertising and user rights.
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You shall respect the privacy of other users. This includes refraining from unauthorized access to their data, passwords, or accounts, as well as avoiding impersonation or unauthorized modifications of files unless explicitly authorized.
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You agree to uphold all legal protections provided under copyright law, trade secret law, and other intellectual property regulations.
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You consent to receiving commercial communications from Deribit, including promotional emails and updates.
Prohibited Practices
As an affiliate, you are strictly prohibited from engaging in the following activities:
Spamming:
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Sending unsolicited emails, messages, or communications (spam) to promote our services.
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Using unauthorized or purchased email lists for promotional activities.
False Advertising:
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Making false, misleading, or exaggerated claims about our services, features, or benefits.
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Misrepresenting our brand, products, or services in any way.
Fraudulent Activities:
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Generating income from your own trading activities or engaging in any self-referential actions that create a conflict of interest.
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Engaging in fraudulent behavior, such as creating fake accounts, generating fake referrals, or manipulating data.
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Using bots, scripts, or automated systems to inflate performance metrics or referral numbers.
Misleading Representations:
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Claiming to represent Deribit as an employee, partner, or in any official capacity beyond that of an affiliate.
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Impersonating others or creating deceptive marketing materials that could confuse or mislead users about the source of the promotion.
Unethical Traffic Sources:
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Driving traffic through illegal or unethical methods, including but not limited to incentivized clicks, pop-ups, malware, or adware.
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Promoting our services on websites or platforms that contain harmful, illegal, or offensive content.
Inappropriate Use of Branding:
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Using our logos, trademarks, or promotional materials without prior approval or in a manner inconsistent with our brand guidelines.
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Modifying or altering official marketing materials without explicit permission.
Commission Structure for the Affiliate
Commissions
We agree to pay you the affiliate part of the transaction fees (the ”Commissions”) for the referral sales made by you. New users that sign up through a valid affiliate link will get a 10% discount on trading fees for the first 6 months.
If Deribit collects fees in BTC (Bitcoin), Deribit will pay affiliate Commissions in BTC. If Deribit collects fees in ETH (Ethereum), Deribit will pay affiliate Commissions in ETH. If Deribit collects fees in USDC (USD Coin), Deribit will pay affiliate Commissions in USDC.
|
Period |
Fees (%) |
More Info |
|
0-6 months |
20% |
Affiliates receive 20% of the fees for the first six months after signing up. |
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6+ months |
10% |
Affiliates receive 10% of the fees after the first six months of signing up. |
Discount Structure for the Users Referred by the Affiliate
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Period |
Fees (%) |
More Info |
|
0-6 months |
10% |
The user receives a 10% discount for the first 6 months after signing up. |
Non-Transferability
Participation in the Affiliate Program is personal to the affiliate and cannot be assigned or transferred without the prior written consent of Deribit. Unauthorized assignment or transfer of rights will render the affiliate liable for any resulting Commissions.
Advertising Policies
Affiliates may not advertise or promote Deribit’s services on websites or platforms accessible from jurisdictions where such advertising or promotion is restricted, including but not limited to the United States, Canada, and the Netherlands. Affiliates must ensure compliance with all applicable securities laws and other regulations in their jurisdiction.
Tax responsibilities
As an affiliate, you are solely responsible for complying with all applicable tax laws and regulations in your jurisdiction, including the accurate reporting of earnings generated through the Affiliate Program and the timely payment of any taxes, levies, or charges required by law. You must maintain proper records of your affiliate income and provide any necessary tax documentation, such as tax identification numbers or forms, when requested to ensure compliance with legal and regulatory requirements. Deribit will not withhold taxes on your behalf, and any tax obligations arising from your participation in the Affiliate Program remain your responsibility. You agree to indemnify and hold Deribit harmless from any liability, penalties, or losses resulting from your failure to fulfill these tax obligations.
Warranties & Indemnification
You understand that Deribit does not guarantee or predict any type of profit or response from the Affiliate Program. You agree to hold Deribit harmless from any and all losses, claims, expenses, lawsuits, damages, costs, demands or liabilities, joint or several, of whatever kind or nature, which Deribit may become subject arising out of or relating in any way to your use of the services provided under these Affiliate Program T&Cs. This indemnification applies in each case to and includes, without limitation, attorneys’ fees, costs and expenses actually incurred in defending against or enforcing any such losses, claims, expenses, suits, damages or liabilities.
Changes to Affiliate Program T&Cs
We reserve the right to change the Affiliate Program T&Cs at any time. The use of our services by you after said changes constitutes acceptance of those Affiliate Program T&Cs. If you do not agree to the new terms and conditions, you may terminate your participation in the Affiliate Program.
Notification of Account Changes
You agree to provide us with such other information relating to your use of this service as we deem necessary or desirable. You agree to notify us if your address, email address, telephone number, billing information changes.
Notices
No notices will be sent regarding changes to the Affiliate Program T&Cs. It is the affiliate’s responsibility to review these terms for any changes or updates
Termination
Deribit reserves the right to terminate an affiliate’s participation in the program for any violation of these Affiliate Program T&Cs or any other reason. In cases of severe violations, such as participation in bulk email campaigns, termination will be immediate and without notice. Affiliates may also face legal action for such violations.
General Provisions
If at any time any provision of these Affiliate Program T&Cs is or becomes illegal, void or invalid, such invalidity shall not affect the validity of the remainder of the Affiliate Program T&Cs. We will replace such invalid provision by such other provision, which, being valid in all respects, shall have an effect as close as possible to that of the replaced provision.
These Affiliate Program T&Cs constitute the entire agreement between us pertaining to its subject matter and supersedes all of our prior agreements, representations, and understandings.
Any failure or delay by us to enforce any provision of the Affiliate Program T&Cs or to exercise any right under the Affiliate Program T&Cs will not be construed as a waiver to any extent of our rights.
Governing Law
These Affiliate Program T&Cs are governed by the laws of the Republic of Panama.
Disputes, conflict, controversies or claims of any kind in connection with these Affiliate Program T&Cs shall be subject to the sole and exclusive jurisdiction of the Courts of Panama, without regard to Panamanian choice of law principles. No other Court or Dispute Resolution Forum shall have jurisdiction over disputes between us or claims by you against us.