Terms and Conditions - South Africa Trading Competition

Trading Competition - South Africa

Yellow Card is running a bitcoin trading competition for its South African users where one lucky winner will take home R10, 000 worth of BTC. To level the playing field, the winner will be deemed by trading frequency only and not volume. In other words, the user who buys and sells bitcoin the most times during the competition period (no matter how little the value) will be crowned the winner of the competition.

Competition Period: 10 August, 2021 at 08:00 to 12 August 2021 at 23:59 (SAST)

Prize: R10,000 worth of bitcoin. The applicable prize will be paid directly to the winner’s Yellow Card wallet. 


The following terms apply to your participation in the Competition:

  1. Entering the Competition

    To participate in the Competition, you must register for a Yellow Card account, if you don’t have one already. 
  2. Eligibility criteria

    Participation in the competition is limited to South African residents with a registered Yellow Card account. You must be 18 years or older. Any accounts created using fake or fraudulent details will be excluded from the Competition. Employees of Yellow Card or any of its subsidiaries are not eligible to enter this Competition.
  3. Agreement to these Terms

    Without limiting the applicability of Yellow Card’s User Agreement and Privacy Policy to customers who sign up, you agree to be bound by these additional Terms when participating in the Competition. You represent and warrant that you meet the eligibility criteria and you agree to accept any decision made by Yellow Card in terms of these Terms as final and binding.
  4. Selecting winner

    Yellow Card will select one winner. The winner will be an entrant who meets the eligibility requirements and who is the top BTC/ZAR trader in terms of frequency within the competition period.
  5. Contacting a winner

    Yellow Card will contact the winner by email within 5 (five) business days of the competition closing. Yellow Card is not liable for any winner’s failure to receive notices due to spam, junk email or other reasons. If a winner fails to reach out to Yellow Card within 48hours from the time the congratulatory message was sent to the winner via email, the prize will be forfeited and an alternate winner will be selected. Should you be identified as a winner, Yellow Card will verify your identity against your Yellow Card account, in order to award you with your prize.
  6. Announcing the winner

    The winners may be announced across any of Yellow Card’s social media pages including but not limited to Facebook & Twitter. If you are selected as a winner, you agree to Yellow Card publishing your competition Username (created in the registration form for the competition).
  7. Personal data

    Yellow Card shall use the personal information supplied by the entrants for the purpose of the competition and in line with its privacy policy.

    By participating in the competition the entrant agrees to the collection, retention, usage, and distribution of his or her personal information by Yellow Card.

    The winner’s consent to the use of his or her photograph, name, or details for advertising, marketing, or promotional activities relating to the contest and Yellow Card’s products and services without additional compensation or prior notice and, in participating in the contest, all entrants consent to the same.
  8. Limitation of liability

    Yellow Card does not accept any liability for any damage, loss, injury, or disappointment suffered by any entrant as a result of either participating in this contest or being selected as a winner.

    Also, Yellow Card shall not be responsible for any damage or loss suffered by an entrant as a result of the publicity associated with the contest or any promotional activity by the Company.

    Subsequent ownership and trade in bitcoin by the winner is beyond the company’s control, therefore, we do not accept any liability to the entrant or a third party resulting from the entrant’s future dealings.
  9. Account information

    You acknowledge that you will safeguard your login and account information and will be the sole operator/accessor/transactor of your account. Yellow Card Financial shall not be liable for any loss you may incur in the event you expose or disclose your login and, or account credentials to a third party whether intentionally or by your negligence. And in the event Yellow Card incurs any loss as a result of your negligence or willful disclosure to a third party, you shall indemnify Yellow Card Financial to the extent of their loss.
  10. Nature of Business

    Yellow Card Financial is neither an investment company nor an investment advisory. Yellow Card Financial is a crypto-asset exchange platform. We do not operate, participate in or promote any form of multi-level marketing scheme. We do not accept any responsibility for any loss in the event you engage in such transactions.
  11. General

    Yellow Card reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, this contest with or without prior notice due to any reason, including, without limitation, in the case of anticipated, suspected or actual fraud, or where it considers it necessary to do so. Our decision in this instance is final and binding and no correspondence will be entered into.

    Yellow Card shall not be liable for any failure to comply with its obligations where the failure is caused by something beyond its reasonable control.

    This contest will be governed by the Laws of the Republic of South Africa and Entrants to the contest submit to the exclusive jurisdiction of the South African courts.

    Yellow Card reserves the right to update these Terms and Conditions from time to time and any updated version will be effective as soon as it is published on the website or our social media page. 

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