Last updated: 28/07/25
These Terms & Conditions ("Terms") apply to the AutoBuy feature offered by CryptoSpend Pty Ltd t/a Wayex (“Wayex”, “we”, “our”, or “us”). By enabling AutoBuy, you (“you” or “the user”) acknowledge and agree to the terms outlined below. These Terms are in addition to the general Wayex Terms of Use and Privacy Policy.
1. Overview of AutoBuy
AutoBuy is a cryptocurrency purchase service that allows users to automate the purchase of multiple supported digital assets with the use of a reference number. You will configure:
The total AUD amount to be invested per cycle.
The allocation percentages across selected cryptocurrencies to purchase, and
The frequency of investment.
There is a total of 5 tokens that can be selected with each AutoBuy plan.
A user can only have one plan per profile.
Wayex will automatically be able to execute your order based on a unique reference that is provided.
The trade will be executed as long as you include the reference when paying in from your bank account.
Once sending funds with this reference, trades will be executed, purchasing the selected cryptocurrencies in the proportions you’ve defined.
You as the customer, may set up regular transfers with the provided reference to use AutoBuy as often as you would like.
2. User Authorisation & Consent
By activating AutoBuy, you:
Authorise Wayex to use those funds to execute cryptocurrency purchases on your behalf, without the need for further action or confirmation from you.
You, as a user, will be given a receipt breakdown by asset for each purchase order you make.
Acknowledge that the timing of transaction execution may not be simultaneous with the deduction and may vary due to market or technical conditions.
3. Transaction Timing and Execution
Transactions are executed based on current market rates at the time of processing and are subject to availability, liquidity, and system performance.
Wayex does not guarantee execution at a particular time or rate and shall not be liable for any price movement or slippage between the deduction of funds and the execution of trades.
4. Fees and Charges
Standard transaction fees and spreads may apply to AutoBuy transactions and are disclosed on www.wayex.com.
Wayex reserves the right to update fees in accordance with our main Terms of Use and will notify users of material changes.
There is a minimum amount of $20 AUD in order to use the AutoBuy feature. If you do not meet the deposit requirement, the AutoBuy will not be executed.
Each user is limited to $100,000 AUD per currency per auto trade. Any amounts higher than that will not have their AutoBuy executed.
5. User Responsibilities and Disclaimers
You acknowledge and agree that:
You are solely responsible for configuring, managing, and reviewing your AutoBuy settings and allocations.
You understand that the value of cryptocurrencies is highly volatile and that you may lose all or a portion of your investment.
Wayex does not provide financial, investment, or taxation advice. You are responsible for your own due diligence and should consult an independent adviser before using AutoBuy.
6. Limitation of Liability
To the maximum extent permitted by law:
Wayex shall not be liable for any loss, cost, expense, or damage arising directly or indirectly from your use of AutoBuy, including but not limited to, market volatility, pricing errors, execution delays, or missed opportunities.
Wayex is not responsible for any tax obligations arising from the use of AutoBuy. You are solely responsible for maintaining appropriate records and complying with any applicable tax reporting obligations.
7. Modifications to AutoBuy or These Terms
Wayex may update, modify, suspend, or terminate the AutoBuy feature at any time without liability, including for security, technical, or regulatory reasons. Material changes to these Terms will be communicated via the Wayex platform or email, and continued use of AutoBuy constitutes acceptance of the updated terms.
8. Governing Law
These Terms are governed by the laws of New South Wales, Australia. Any disputes arising in connection with AutoBuy shall be subject to the exclusive jurisdiction of the courts of New South Wales.
9. Contact Us
If you have questions about AutoBuy or these Terms, please contact our 24/7 live chat or support team at: support@wayex.com