Terms and Conditions

Reward Points & Fraudulent Activity

1. Fair Use of Reward Points
   The Speed wallet offers reward points to users for legitimate transactions. These rewards are intended to enhance the user experience and encourage normal, lawful activity within the Speed wallet platform. Any attempts to exploit or manipulate the reward system through fraudulent means, such as performing repetitive or artificial transactions to accumulate reward points, are strictly prohibited.
2. Prohibited Activities
   Users are prohibited from engaging in the following activities, which are considered fraudulent and an abuse of the reward point system:
   • Conducting repetitive transactions of the same or similar amount with the sole purpose of accumulating reward points.
   • Any form of automated or manual activity designed to generate reward points through abnormal transaction patterns.
3. Automatic Restrictions on the Send Feature
   In the event that a user is found to be engaging in prohibited activities as described above, Speed reserves the right to impose automatic restrictions on the account. Specifically, the ability to send BTC (Bitcoin) and USDT (Tether) may be restricted without prior notice. These restrictions will be imposed to prevent further abuse of the platform and maintain the integrity of the reward system. Speed reserves the right to introduce withdrawal fees for such users in the future, even though no fees are currently charged.
4. Updates to Terms & Conditions
   Speed reserves the right to modify or update these Terms & Conditions at any time. Users are encouraged to review the terms periodically to ensure they remain compliant.

Referral Reward Policy

Referral Reward Eligibility and Processing

For genuine users, once a referred user completes the required transaction amount, both the referrer and referee will receive their reward benefits. Our system algorithms will verify and process the rewards within a maximum of 24 hours.

Fraudulent Reward Activity

Misuse of our reward policy, such as creating a chain of reward redemptions or registering fake accounts using disposable emails, is strictly prohibited. Our system algorithms are designed to detect and reject such activities. Any attempt to exploit the referral reward system will result in forfeiture of rewards and potential account suspension.

Third-Party Service – Buy Bitcoin / USDT

1. Introduction
   The Speed wallet offers cryptocurrency purchase services through a thirdparty provider. By using this service, you acknowledge that it is a separate and independent service provider, and any transactions you engage in are subject to their terms and conditions, which are available on their platform.
2. No Control Over Third-Party Services
   Speed wallet does not control, operate, or manage these 3rd party services. Therefore, Speed is not responsible for any issues that arise while using it, including but not limited to transaction failures, delays, or errors. Any concerns or disputes relating to these services can be reported to us but then it will be these 3rd party provider support team accountability.
3. Privacy and Data Sharing
   By using the these services, you agree that certain personal information and transaction details may be shared with them as and when needed. This is necessary to process your transactions. Speed wallet is neither storing these data nor responsible for their privacy practices, and we encourage you to review their Privacy Policy to understand how your information is handled.
4. Transaction Fees
   They may charge its own fees for facilitating cryptocurrency purchases. These fees are separate from any charges imposed by Speed platform. Users are advised to review their fee structure before completing transactions, as Speed wallet has no control over these fees.
5. Limitation of Liability
   Speed wallet is not liable for any direct or indirect damages, losses, or claims arising from the use of these 3rd party services. This includes but is not limited to transaction errors, delays, or any losses incurred during the cryptocurrency purchase process. All responsibility for resolving any issues lies with these 3rd party providers, and users agree to hold Speed wallet harmless from such claims.

Third-Party Services: Earn and redeem Game Coins

• Third-Party Services Disclaimer
  Speed wallet partners with third-party providers for activities like games that allow its users to earn game coins which is known as Games coins (GGC) in their Speed wallet. As Speed uses third party service, will not be liable for their functionality, accuracy, or security.
• Data Collection and Sharing
  Certain data, including device information, activity participation, and earned rewards, may be shared between Speed wallet and these third-party providers to enable accurate tracking and game coins distribution, following privacy standards and applicable laws at their end.
• Game coins Earning and Usage
  Game coins earned through third-party activities can be converted into specific assets for example SATS or USDT. Conversion rates, limits, and rules around the usage and redemption of these game coins may vary according to Speed wallet’s terms and the partner’s policies.
• Changes to Terms and Services
  Speed wallet may modify or discontinue access to third-party services at any time. This includes adjusting game coins mechanisms, terminating third-party partnerships, or updating these T&Cs as needed.
• Liability Limitation
  Speed wallet is not responsible for any loss or damage from using third-party tools. Users acknowledge that third parties control the availability and functionality of these services, and Speed wallet will not be liable for issues beyond its control.
• Third-Party Game coin Allocation
  Game coins awarded for engaging with third-party services, are calculated solely by the third-party provider. Speed wallet has no role in determining or calculating these game coins. Game coins awarded and reported by the third-party provider only will be counted toward the conversion to GGC in Speed wallet.