1. Introduction
 

(a) These Terms and Conditions apply to all Gift Cards issued by Giftx Pty Ltd ABN 65 653 062 563 (Giftx, us or we).
 

(b) Your purchase, redemption or attempted redemption of a Gift Card constitutes your acceptance to be bound by these Terms and Conditions, and acceptance of our privacy policy.
 

(c) Giftx is a wholly owned subsidiary of Yourportfolio.com Pty Ltd ABN 68 644 228 786 (YourPortfolio) the provider of a range of trading services.

(d) This document contains the terms and conditions governing the use of the Gift Card. We may from time to time, amend or replace these Terms and Conditions. Any new or amended Terms and Conditions will be available at YourPortfolio.com. We recommend that you read this document carefully before using the Gift Card. If you have any complaints, questions or issues, please call us or email us.

 

2. Gift Card Redemption

2.1 Face value
When you purchase a Gift Card, you will purchase a Gift Card which has a face value nominated on the Gift Card. The total price you pay for a Gift Card will be the face value.

2.2 Where to purchase Gift Cards
Gift Cards can be purchased at YourPortfolio.com or through approved Third Party Providers.
 

2.3 Redeeming your Gift Card
 

(a) You can redeem your Gift Card at YourPorfolio.com. You will need to sign up for an account in order to redeem your Gift Card.  By signing up for an account, you accept the digital exchange terms and conditions at www.yourpotfolio.com.
(b) To redeem a gift card, follow the prompts on www.yourportfolio.com by clicking on Redeem gift card on the top right corner of the screen.
(c) When you redeem your Gift Card, you will be required to redeem full face value amount of the Gift Card in one transaction.
 

2.4 Converting your Gift Card into a cryptocurrency
 

(a) The face value of the Gift Card in Australian dollars is fixed and will not fluctuate (even where the value of the digital currency nominated on the Gift Card fluctuates). 
(b) When you redeem the Gift Card for a particular digital currency, you will receive an amount of the digital currency based on the face value of the Gift Card less any trading fee multiplied by the applicable conversation rate at the time of redemption.
 

For example, if the Gift Card has a face value of $50 AUD and the conversion rate of a particular digital currency is $1000 AUD per coin at the time of redemption, you will receive 0.05 of a coin of that digital currency ($50/$1000). 
 

(c) Gift Cards will only be able to be converted to the digital currency nominated on the card (if any).
 

For example, if you purchase a "bitcoin" Gift Card, you will only be able to purchase bitcoin with that Gift Card.
 

2.5 Fees

We charge fees such as (but not limited to) transaction fees when you redeem your Gift Card and purchase digital currencies. Details of our fees are available at www.yourportfolio.com/fees.

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3. Expiry
All Gift Cards issued by us will expire three (3) years after the Issue Date.

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4. Exclusions

(a) Gift Cards may not be redeemed or exchanged for cash and cannot be reloaded.
(b) The Gift Card will not be valid for use after the expiry date (which is printed on the Gift Card). Any unused value on the Gift Card prior or after expiry will not be refunded or credited.
(c) You are responsible for the use and safety of your Gift Card. You are responsible for all transactions on your Gift Card.
(d) We are not liable for any lost/stolen Gift Cards. Lost or stolen Gift Cards will not be replaced or refunded.
(e) Should we suspect any fraud or other illegal activity relating to a Gift Card, we may refuse to redeem the Gift Card until we are satisfied that no fraud or other illegal activity has occurred.
(f) We are not liable for any loss, damage or expenses arising in any way out of the use of the Gift Card. This includes, but is not limited to, any purchases made with the Gift Card, any loss you or anyone else incurs as a result of loss, theft or use of the Card by any unauthorised party, or as a consequence of the Gift Card being unable to be used due to damage, an authorised third party provider refusing to supply goods or services to you or refusing to accept the Gift Card.
 

5. Definitions

digital currency means any digital currency for which we offer trading via YourPortfolio.com.
 

Face value means the total purchase price of the Gift Card, as printed on the Gift Card.
 

Fees are the fees as set out at www.yourportfolio.com/fees
 

Gift Card means a gift card issued by us.
 

Giftx, Us or We means Giftx Pty Ltd ABN 65 653 062 563.
 

Issue Date means the date the Gift Card is issued to You.
 

Redemption means when you sign up and login to YourPortfolio.com, activate your Gift Card and use the Gift Card to purchase

digital currency.
 

Terms and Conditions means these terms and conditions and any other terms and conditions listed on YourPortfolio.com.
 

Third Party Providers means any party that YP authorises to sell the Gift Cards.
 

You or Your means the purchaser or holder of the Gift Card.
 

YourPortfolio, or YP means YourPortfolio.com Pty Ltd ABN 68 644 228 786.

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