Both Referrers (those who invite others) and Referees (those who join through an invitation) can participate.
Referrers must have an active account, completed KYC verification, and be up to date on fees. Referees must be new clients without any existing account or ownership interest held by the Referrer.
Referrers can obtain a unique referral code by filling out the Onramp Partnership Program form.
A qualified referral involves specific actions by both the Referrer and Referee, including using a unique referral code, meeting eligibility requirements, being approved for an account, and making a U.S. dollar transfer to the account.
Rewards are distributed based on criteria such as the Referrer being a client of Onramp Multi-Institutional Custody Solution and the Referee making a certain deposit into their Main Vault. Rewards are typically denominated in bitcoin and deposited into the respective Fee Vaults within 30 days of meeting the criteria.
Referrers may receive $250 denominated in bitcoin deposited into their Onramp Fee Vault within 30 days of the Referee's onboarding. Referees may receive $250 denominated in bitcoin deposited into their Onramp Fee Vault.