Cape Crypto Trading Competition — Terms and Conditions

These Terms and Conditions ("Competition Terms") govern any trading competition, leaderboard, or volume-based contest (each a "Competition") operated by Cape Crypto (Pty) Ltd ("Cape Crypto", "we", "us", "our"), a company incorporated in the Republic of South Africa, an authorised Financial Services Provider, and a registered Crypto Asset Service Provider with the Financial Sector Conduct Authority ("FSCA"), on its trading platform and mobile applications (the "Platform").

By entering a Competition you confirm that you have read, understood, and agreed to these Competition Terms. These Competition Terms supplement the Cape Crypto Rewards and Promotions Terms ("General Rewards Terms"), the Cape Crypto Terms of Use, the Cape Crypto Privacy Policy, and any Competition-specific terms communicated to you in-app, by email, or on our website. Where any Competition-specific terms conflict with these Competition Terms or the General Rewards Terms, the Competition-specific terms prevail for that Competition.

A Competition is a skill-based contest: rewards are determined by qualifying trading volume measured against the published target, not by chance. Cape Crypto does not consider a Competition to be a "promotional competition" as contemplated by section 36 of the Consumer Protection Act, 2008 (Act 68 of 2008) ("CPA"), nor a "lottery" under the Lotteries Act, 1997 (Act 57 of 1997). Where any Competition is nonetheless determined to be a promotional competition, the additional rules in the Competition Rules apply and the CPA prevails over any inconsistent provision in these Competition Terms.

1. Competition Structure

1.1 Each Competition has its own published rules (the "Competition Rules"), which set out at minimum:

the name and description of the Competition;
the competition window (start and end timestamps);
where the Competition is recurring, the duration of each cycle within the window;
the eligible markets for the Competition (where no markets are specified, all markets quoted in the Competition's volume currency are eligible);
the volume currency in which qualifying volume is measured;
the target amount of qualifying volume that must be reached;
the reward amount and reward currency for each qualifying participant;
the maximum rewards per participant; and
whether rewards are automatically paid at the end of each cycle, or paid only after Cape Crypto's review and approval.

1.2 The Competition Rules are published on the Cape Crypto website, in the Platform's "Rewards" section, or by email. The Competition Rules form part of these Competition Terms.

1.3 All trading times and cycle boundaries are stated in Africa/Johannesburg time (UTC+2), unless the Competition Rules specify otherwise. Cape Crypto's internal record of the time at which a trade was executed is final and binding.

2. Eligibility

2.1 Participation in any Competition is subject to clauses 1.1 to 1.3 of the General Rewards Terms, including:

the requirement to be a registered Cape Crypto customer in good standing;
the requirement to have completed the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) ("FICA") customer due diligence and any additional verification level specified in the Competition Rules;
being at least 18 years old; and
ordinarily residing in the Republic of South Africa (unless the Competition Rules expressly extend participation to customers in another jurisdiction), and not being a person located in a jurisdiction restricted by Cape Crypto, by applicable sanctions, or by South African law.

2.2 Cape Crypto employees, contractors, directors, agents, and their immediate family members are not eligible to win, unless expressly permitted by the Competition Rules.

2.3 Only one Cape Crypto account per natural person may participate in any Competition. Participants found to be operating multiple accounts may be disqualified under clause 4.

3. Qualifying Volume

3.1 Qualifying volume is the sum of the quote-currency value of the buys and sells the participant has executed through Cape Crypto's Instant Buy and Instant Sell feature during the Competition cycle, counted as follows:

only buys and sells made through Instant Buy and Instant Sell count — orders executed on the Exchange (the order book) do not count toward qualifying volume, unless the Competition Rules expressly state otherwise;
only transactions on eligible markets are included; and
transactions that are subsequently reversed, cancelled, or otherwise invalidated by Cape Crypto do not count.

3.2 Where the Competition Rules express the target in a currency other than the trade's quote currency, Cape Crypto will convert using its prevailing reference rate at the time of measurement.

3.3 Cape Crypto's internal aggregation of qualifying volume is final and binding in the absence of manifest error.

3.4 Because individual trade values are rounded to the quote currency's smallest unit (one cent for ZAR), a participant's accumulated qualifying volume may differ from the mathematically exact total by a small amount. Cape Crypto treats the target as met when the participant's accumulated qualifying volume is within 0.1% of the target amount.

4. Disqualification, Wash Trading, and Manipulation

4.1 Cape Crypto will disregard, and may disqualify the participant for, any trading activity that in Cape Crypto's reasonable view is intended to inflate qualifying volume artificially, including but not limited to:

self-matching or wash trades (orders placed by the same person or a related person on both sides of the same trade);
coordinated trading between participants (collusion or pooling);
the use of multiple accounts by the same natural person;
abnormal order-placement patterns inconsistent with bona fide market activity;
exploitation of bugs, faults, or unintended behaviour of the Platform; or
any other conduct prohibited by the Cape Crypto Market Abuse Policy, by the Financial Markets Act, 2012 (Act 19 of 2012) in so far as it applies, or by any market-conduct standard published by the FSCA.

4.2 A participant disqualified under clause 4.1 forfeits all rewards in the Competition, and may also forfeit rewards in other Promotions in accordance with clause 7 of the General Rewards Terms.

4.3 Cape Crypto may clawback or reverse any reward already paid where the participant is later found to have engaged in conduct described in clause 4.1.

5. Reward Payment

5.1 Where the Competition Rules specify automatic payment, Cape Crypto will credit the reward to a qualifying participant's Cape Crypto account in the reward currency as soon as reasonably practicable after the end of the relevant cycle, subject to clauses 5.2, 5.3, and 6.

5.2 Where the Competition Rules specify that payment is subject to Cape Crypto's review and approval, no reward is payable until Cape Crypto has confirmed the participant's eligibility and the validity of their qualifying volume.

5.3 Rewards are paid from a dedicated promotional wallet operated by Cape Crypto. Cape Crypto is not liable for delays caused by insufficient promotional wallet balances; rewards will be paid as soon as reasonably practicable after the wallet is topped up.

5.4 Each participant may receive at most the number of rewards permitted by the Competition Rules ("maximum rewards per participant").

5.5 Rewards are credited to the participant's Cape Crypto account. Cape Crypto does not pay rewards to external addresses or to third-party accounts.

6. Suspension, Modification, and Cancellation

6.1 Cape Crypto may at any time, in its sole discretion, suspend, modify, shorten, extend, replace, or cancel any Competition (including any cycle within a Competition), with or without notice, including for any of the reasons in clause 5.1 of the General Rewards Terms.

6.2 Where Cape Crypto cancels a cycle before its end timestamp, no rewards are payable for that cycle unless Cape Crypto, in its sole discretion, decides otherwise.

7. Tax

7.1 Participants are solely responsible for any South African Revenue Service ("SARS") taxes, duties, levies, or other charges (including any income tax, capital gains tax, or withholding tax) arising from the receipt of any reward. The receipt of a reward may constitute "gross income" as defined in the Income Tax Act, 1962 (Act 58 of 1962). Participants should obtain their own tax advice.

7.2 Cape Crypto may withhold or deduct taxes or other amounts where required by South African law, and may report rewards paid to SARS where required.

8. Publicity and Leaderboards

8.1 Cape Crypto may publish leaderboards, rankings, or winner lists identifying participants by their display name, account identifier, or such other non-identifying reference as is reasonably necessary, in line with the minimality principle under the Protection of Personal Information Act, 2013 (Act 4 of 2013) ("POPIA").

8.2 By participating in a Competition you consent to such publication. Participants who do not wish to appear on a public leaderboard may set their leaderboard preference to "opt out" in their account settings, in which case they remain eligible to win but will not appear in any published list. The right to object to the processing of your personal information for direct marketing purposes under POPIA is preserved.

9. General

9.1 No advice. Participation in any Competition is not "advice" as defined in the Financial Advisory and Intermediary Services Act, 2002 (Act 37 of 2002) ("FAIS") and is not a recommendation to buy, sell, hold, or trade any crypto asset. Crypto assets are high-risk investments, their value can fluctuate significantly, and you may lose all of the money you invest. You remain responsible for your own trading decisions and for any losses that result from them.

9.2 No guarantee. A reward is not a guarantee of future returns and does not represent any interest, dividend, or investment income.

9.3 Force majeure. Cape Crypto is not liable for any failure to perform its obligations under a Competition where that failure is caused by an event beyond its reasonable control, including network outages, blockchain congestion, exchange downtime, third-party service failures, regulatory action, natural disaster, war, civil disturbance, or public health emergency.

9.4 Limitation of liability. To the maximum extent permitted by law, Cape Crypto's total aggregate liability arising out of or in connection with any Competition is limited to the value of the reward the participant was otherwise entitled to receive under that Competition.

9.5 Severability. If any provision of these Competition Terms is held to be invalid or unenforceable, the remaining provisions remain in full force and effect.

9.6 Governing law and jurisdiction. These Competition Terms are governed by, and construed in accordance with, the laws of the Republic of South Africa. The parties submit to the non-exclusive jurisdiction of the High Court of South Africa, Western Cape Division, Cape Town.

9.7 Complaints. Cape Crypto's internal complaints process is set out in the Cape Crypto Complaints Policy. Unresolved complaints relating to a Competition may, where applicable, be referred to the FAIS Ombud (nfosa.co.za), or to the National Consumer Commission (thencc.org.za) where a Competition is held to be a promotional competition under the CPA.

9.8 Contact. Questions about a Competition may be directed to support@capecrypto.com.

Last updated: 2026-05-18.