How do referrals work?

How Parallax Referrals and Credits Work

Note: Parallax has the right to update the credits, thresholds and mechanics of the referral program as seen fit. Thank you for your understanding.

Refer a Friend - Get Credits on Withdrawals

1. Unlock the Referral Dashboard:

   • If you've completed at least one withdrawal, you can access your Referral Dashboard by clicking the "Refer" button on the left sidebar. Here, you can see who you’ve referred, copy your unique referral link, and view your Parallax Credits balance.

2. Share Your Referral Link:

   • Share your referral link with friends!

3. Earn Parallax Credits:

   • Once a friend signs up through your link and withdraws a total of $500, you’ll receive $10 in Parallax Credits.

4. Receive Notification:

   • You will receive an email notification and $10 in Parallax Credits when your friend reaches the $500 withdrawal threshold.

How Parallax Credits Work

• Value: Parallax Credits valued in USD.

• Automatic Application: Parallax Credits are automatically applied to every transaction you make until they are all used up.

• Unlimited: There is no limit to how many Parallax Credits you can accumulate.

• Usage: Parallax Credits can only be used to cover withdrawal fees.

• Application on Fees: Parallax Credits will fully cover withdrawal fees up to the available credit amount. If the fee exceeds available credits, all credits will be applied to reduce the fee.

Start referring friends to Parallax today and enjoy reduced withdrawal fees with Parallax Credits!

FAQs 

How do I access my Referral Dashboard?

• • If you've completed at least one withdrawal, you can access your Referral Dashboard by clicking the "Refer" button on the left sidebar.

  • If you are eligible, you can see who you’ve referred, copy your unique referral link to share, and view your Parallax Credits balance.

How do I share my referral link with friends?

• You can share your referral link with friends through any method you prefer, such as messaging platforms, email, or social media. Simply copy your unique referral link from the Referral Dashboard and share it.

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What are Parallax Credits and how are they applied?

• Parallax Credits are valued in USD and are automatically applied to every transaction you make until they are all used up. They can only be used to cover withdrawal fees and will fully cover fees up to the available credit amount.

Is there a limit to how many Parallax Credits I can accumulate?

• No, there is no limit to how many Parallax Credits you can accumulate. You can earn as many as possible through referrals.

When do I receive Parallax Credits for referring a friend?

• You will receive $10 in Parallax Credits once a friend signs up through your referral link and withdraws a total of $500. You will be notified via email when your friend reaches this withdrawal threshold.

What happens to my old referrals?

• We closed the old referrals program on January 31, 2024. All rewards for referrals completed before this date have been settled. We will not be issuing rewards for any referrals from the old program moving forward. However, if you believe we missed a reward for a referral that was completed before January 31, 2024, please contact us and we will check our database to confirm.

Is my referral link the same as the old one?

• Yes, your referral link is the same as before! If you previously shared your referral link online, anyone who signs up using it and completes a $500 withdrawal will still earn you Parallax Credits.
• Additionally, if people have already signed up using your link but haven’t yet met the $500 withdrawal threshold, you’ll be able to see them in your referral dashboard. This means you won’t miss out on any potential rewards from past referrals.
• We’re committed to providing you with the best experience possible and appreciate your continued support. Start referring today and enjoy the benefits of the Parallax Referral Program!

Can I convert it to cash instead?

• No, Parallax Credits cannot be converted to cash.

Note: Parallax has the right to update the credits, thresholds and mechanics of the referral program as we see fit. Thank you for your understanding.