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In the context of cryptocurrency trading, a Maker is a trader who places an order that does not fill immediately, adding liquidity to the exchange’s order book. This order remains pending until it is matched by another trader.
For example, if a trader places a limit order to buy bitcoin at a price above the current market price, they are acting as a Maker. Makers are rewarded with lower fees because they provide liquidity, making it easier for others to trade at fair prices.
In contrast, a Taker is a trader who places an order that fills immediately against existing orders in the order book. This order removes liquidity from the exchange. For instance, if a trader places a market order to buy bitcoin at the current market price, they are acting as a Taker. Takers are charged higher fees because they consume liquidity rather than providing it.
In DOPAY, Makers are rewarded with negative fee of 0.3%. So instead of being charged a 0.7% transaction fee for the crypto trade for Takers, Makers earn 0.3% more crypto from the trade.
Section 1. Program Overview
The DOPAY Referral Program enables eligible users (“Referrers”) to invite new users (“Referred Users”) to join the DOPAY Referral Program and earn rewards upon successful completion of the required qualifying activities.
Section 2. Agreement to Terms
By participating in the DOPAY Referral Program, the Referrer and Referred User agree to be bound by these Terms and Conditions.
Section 3. Referrers
Section 4. Referred Users
Section 5. Referral Reward
Section 6. Reward Distribution Process
Section 7. Fraud, Abuse, and Disqualification
A Referrer or Referred User may be disqualified from the granting of Referral Rewards under the DOPAY Referral Program, upon discretion of WIBS PHP INC., if:
Section 8. Data Privacy
Section 9. Other Terms and Conditions
DOPAY ensures the security and confidentiality of its client and affiliate information. This Data Privacy Statement explains how we collect, process, store, share, delete, and protect personal data.
In compliance with the Data Privacy Act of 2012 and applicable laws, DOPAY is a dedicated resource to meeting regulatory requirements and maintaining robust data security measures.
HOW WE COLLECT INFORMATION
The collection of data is automated and occurs whenever a user or visitor:
DOPAY and its third-party service providers may collect information from public records and databases to support screening, verification, regulatory compliance, and operational requirements.
WHAT INFORMATION WE COLLECT
In compliance with the Data Privacy Act of 2012, we collect information classified as Personal Information (PI) and Sensitive Personal Information (SPI).
Customer Information:
Automatically Collected Information:
Information Collected Through Third-Party Services:
HOW WE USE INFORMATION
Legal and Compliance – Information is processed in compliance with applicable laws, regulations, and circulars, including but not limited to Anti-Money Laundering Act (AMLA), Data Privacy Act (DPA), Bangko Sentral ng Pilipinas (BSP) Circulars, etc.
Account Verification (Know Your Customer)- A compliance measure that enables WIBS PHP to verify client information and conduct proper due diligence.
Marketing – Information is used for research and customer relationship management to better understand user interactions and improve their overall experience.
Internal Policies – Information is used to enhance security policies and ensure compliance with applicable laws.
Use of Cookies – Cookies helps us understand usage and improve service performance. Disabling cookies may limit access to certain features.
HOW WE PROTECT INFORMATION
DOPAY implements proper supervision and safeguards to protect personal information from loss, misuse, unauthorized access, and disclosure, including when handled by authorized third parties.
Personal data may be processed manually or automatically to manage services, analyze information, and support informed decision-making.
DOPAY (WIBS PHP Inc.) process data fairly and lawfully in compliance with the Data Privacy Act, using appropriate security measures to protect information throughout its lifecycle.
HOW WE DISCLOSE INFORMATION
DOPAY (WIBS PHP Inc.) processes authorized requests for personal information promptly, subject to legal requirements. A ₱100 fee (including tax) may apply for disclosure, correction, or suspension requests.
UPDATING OUR DATA PRIVACY STATEMENT
DOPAY (WIBS PHP INnc.) Privacy Statement may be updated to comply with changes in laws and regulations, with all updates communicated to customers and partners.
CONTACT US
For inquiries, feedback, or concerns regarding the Data Privacy Statement, please contact our Data Privacy Officer.
Last Updated: April 28, 2026
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