By using the Services, you expressly represent and warrant that:
The buying and selling and mining of cryptocurrencies involve significant risks – you should never trade more than you can afford to lose. Prices are highly volatile, and you may increase or lose value in your assets at any time. Further, there is no legal entity that controls and regulates cryptocurrencies. Rather, cryptocurrencies rely on decentralised blockchain technology to safeguard assets and its movements. In the event of a crisis, there is no entity that will protect the cryptocurrency market to minimise your losses. Cryptocurrencies also expose you to operational risks, including, for example, where you may suffer losses due to failure of hardware, software and Internet connections. The above is a non-exhaustive list of the risks associated with the buying and selling And Mining of cryptocurrencies. As such, you should carefully assess your financial situation, risk appetite, relevant experience and knowledge BEFORE you decide to purchase. You should also seek advice from an independent and suitably licensed financial advisor.
We Mine store Cryptocurrency on your behalf and send it to the wallet address that you provide to us or using our wallet at the time of the order. (“Purchase”). A “Wallet Address” is an identifier of alphanumeric characters which represents the destination where Cryptocurrency are delivered to upon receipt of payment. For example, the Wallet Address for BTC is a string of 26 to 35 alphanumeric characters, beginning with the number 1. We Mine Cryptocurrency on your behalf in exchange for fiat money (EUR, GBP or other fiat currencies, as may be updated by us from time to time) (collectively and individually, “Fiat Money”) and send it to the bank account you provide to us at the time of the order. (“Sale”). At no point during Purchase or Sale, are we in possession or in control of your funds or your assets. We do provide wallet, we host wallet or are custodian of funds or Cryptocurrency. Orders through us are one-off transactions and executed individually. Together, the services set out in clause 3 are referred to as the “Services” in the Agreement.
Anti-Money Laundering (“AML”) and Counter Terrorism Financing (“CTF”) Regulations. As part of the global initiative to combat financial crimes, in particular Money Laundering (“ML”) and Terrorism Financing (“TF”), we have regulatory obligations that include implementing Customer Due Diligence (“CDD”) measures. This means we are legally obliged to know who our customers are, and we fulfil this requirement by requesting information from you, including personal information, to authenticate and verify your identity. Such information may include your full name, home address, phone number, email address, date of birth, country of residence, nationality, government issued identification, tax identification number, bank account information, a liveness video or photograph, the purpose of the transaction and the source of your funds (collectively and individually, “KYC Documents”).
The nature and extent of the information we request may differ based on our risk assessment policy. In some instances, we may contact you to obtain additional KYC Documents, and we will not be able to process your order until the information requested is provided in a timely manner and to our satisfaction. You confirm that all information you provide to us is accurate and complete, and agree to keep us updated if any information provided changes.
For bank transfers, you agree and represent that when you make a payment to us in connection with your order, you will use a bank account belonging only to yourself (not that of a third party or legal entity) and that the name on the bank account will match the name on the KYC Documents you provide to us. You agree and represent that you will not make any chargebacks, and/or deny or reverse any payment or deposits that you have made. For card payments, you acknowledge that we shall not be liable for unauthorised use by any third party of credit/debit cards, irrespective of whether or not the credit/debit cards were reported stolen. No Guarantee of Payment Methods. The availability of a method of payment depends on a number of factors including, for example, where you are located, or limitations imposed by third party payment processors and financial institutions. Cash Advance Fees for Credit Card Payments. Please note that if you use a credit card to Purchase Cryptocurrency, your credit card provider may categorise the transaction as a cash advance. In such circumstances, cash advance fees and higher interest rates (for example, interest accruing as soon as the transaction is executed) may apply. Please switch to debit card payments or bank transfers to avoid unexpected fees.
Purchase Payments. You understand and accept the following terms pertaining to Fiat Money payment you make to us in connection with your Purchase order:
Sale Transfers. You understand and accept the following terms pertaining to Cryptocurrency transfer you send to us in connection with your Sale order:
The price for Purchase and Sale of Cryptocurrency and Mining Plans comprises of the spot exchange rate in the cryptocurrency market and our commission fee; additional fees may apply depending on the jurisdiction and transfer method (the “Price”). Please note that the initial price displayed on the Site for Purchase or Sale of Cryptocurrency is merely indicative. The final price is the locked-in price which appears on the Site right before your order is executed (“Final Price”). By clicking the ‘Create Order’ button you are executing your order (“Execution”) and authorising us to process the transaction at the Final Price. Some payment methods are quicker than others, for example, credit card payments are normally instant. However, bank transfers like SEPA may take up to 24 hours (or longer if outside banking hours like the weekend and public holidays) before we receive the funds. To guarantee the Final Price you MUST immediately send us proof of payment i.e. your receipt/invoice. Failing to do this as soon as possible, shall mean that we are unable to guarantee you the Final Price. Until then, any order by you shall be considered as pending and incomplete. Upon Execution, the order is FINAL and BINDING, and we will process the order (subject to the completion of CDD procedures to our satisfaction) in accordance with the instructions we receive from you. REGARDLESS, PLEASE NOTE THAT WE RESERVE THE RIGHT TO EXECUTE ANY & ALL TRANSACTIONS. In some cases, we may contact you to obtain additional KYC Documents in attempts to avoid declining a transaction or order. We are unable to guarantee the Final Price if you do not respond immediately and reserve the right to re-quote a new Final Price in instances where there is undue delay. You acknowledge and agree that Cryptocurrency price is volatile and can change at anytime – increasing or losing value either in your favour or otherwise. NOTWITHSTANDING, YOU AGREE AND ACKNOWLEDGE THAT ONCE WE HAVE PURCHASED CRYPTOCURRENCY ON YOUR BEHALF, AND IN THE CASE OF SEPA ORDERS, PRE-PURCHASED CRYPTOCURRENCY ON YOUR BEHALF UPON YOU PROVIDING US WITH PROOF OF PAYMENT, YOUR ORDER IS FINAL & BINDING AND REFUND IS NOT POSSIBLE. YOU AGREE AND REPRESENT THAT YOU WILL CHECK AND VERIFY ALL TRANSACTION INFORMATION PRIOR TO SUBMITTING IT TO US AND THAT WE ARE NOT RESPONSIBLE FOR ENSURING THAT THE INFORMATION YOU HAVE PROVIDED TO US IS ACCURATE AND/OR COMPLETE.
Delivery. After Execution AND as soon as reasonably practicable:
We shall also provide you, either on the Site or via email, a transaction confirmation, detailing the Final Price and other particulars of the transaction (“Tax Invoice”).
Cancellation Policy. You acknowledge and agree that any order or transaction once marked as executed or completed cannot be cancelled, changed or reversed. Unsuccessful Payments. If your payment method is declined, whether due to insufficient funds or deemed unsuccessful for any other reason, we may:
If any fees applied on failed payment attempts in the course of executing your Sale order, and such failure is reasonably attributed to an error by you, such fees shall be deducted from either:
We may, at any time, cancel or deny processing any order, with immediate effect, for any reason, including but not limited to where we are required to do so by law; where we reasonably believe that we need to do so in order to protect our reputation; and where we reasonably suspect the order or transaction involves illegal activity including money laundering, terrorist financing, fraud or any crime (financial or otherwise). Refund Policy. Due to the irreversible nature of Cryptocurrency, we are unable to provide any refunds on executed or completed orders; including but not limited to instances:
Refund Rights. You are entitled to a refund if you are unable or unwilling to fulfil our CDD measures including but not limited to providing us with requested KYC Documents. You are entitled to a refund where an unauthorised or incorrect transaction occurs as a result of our fault, provided you have notified us within 72 hours of its occurrence and you have not acted fraudulently, intentionally or negligently.
Amendments. We may amend, modify, update and change any of the terms contained in the Agreement from time to time. We will notify you of any amendment, modification, update and change by publishing a new version of the Agreement here, or by email. Any new version of the Agreement will take effect immediately upon publication on the Site, and your use of the Site and/or the Services after this period will be deemed to constitute your acceptance of the new version of the Agreement. Termination by Us. We may, at any time, terminate the Agreement, with immediate effect, for any reason, including but not limited to where:
Where termination of the Agreement is for reasons listed in A., C. or D., we reserve the right to:
Termination by You. You may, at any time, terminate the Agreement, with immediate effect, for any reason. Upon termination of the Agreement, you shall:
Retaining or Erasing Information. Following the termination of the Agreement, we may retain your personal information for as long as we have a business or tax need or as required under applicable laws; provided however, in cases where such a need or legal requirement does not exist, we shall erase and discard your data upon your written request, subject to the requirements of applicable data protection legislation.
Site and Services Access & Availability. Although we strive to provide you with a high standard of service, we cannot guarantee that the Site and Services will be available without interruption, secure, error-free or free from any digital attack. Further, access to the Site and Services may become degraded or unavailable, especially during times of significant volatility or volume, and this could result in the inability to Purchase and Sell for periods of time. Site Accuracy & Changes. Although we strive to provide you with accurate and timely information on the Site, the content may not always be correct, complete or current and may include technical inaccuracies or typographical errors. As such, you should verify all content and information contained on the Site before relying on it. In an effort to provide you with as complete and as precise information as possible – information may be changed or updated from time to time, without notice to you.
Please note that we understand how important your privacy is and we are committed to protecting the security and confidentiality of the personal information you entrust to us.
Disclaimer of Warranties. THE SITE AND SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND WE SPECIFICALLY DISCLAIM AND YOU WAIVE, ALL REPRESENTATIONS AND WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, TO THE MAXIMUM EXTENT PERMITTED BY LAW. Limitation of Liability. EXCEPT AS OTHERWISE REQUIRED BY LAW, IN NO EVENT SHALL WE (OR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, RELATED ENTITIES AND THIRD PARTY SERVICES) BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOSS OF ANY KIND WHATSOVER, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SITE AND/OR SERVICES. WITHOUT DEROGATING FROM ANY OTHER PROVISIONS IN THE AGREEMENT, AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL OUR (OR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, RELATED ENTITIES AND THIRD PARTY SERVICES) TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SITE AND/OR SERVICES EXCEED THE TOTAL AMOUNT OF FEES PAID BY YOU FOR THE PARTICULAR SERVICE THAT IS THE SUBJECT OF THE CLAIM OR CAUSE OF ACTION. You acknowledge and agree that no claim or cause of action may be brought by you for breach of the Agreement more than one (1) year after the occurrence of such claim or cause of action. You further acknowledge and agree that the limitation of liability is an essential and agreed allocation of risk constituting, in part, the consideration for the Service to you. Indemnity. You agree to protect, defend, indemnify and hold us (and any of our officers, directors, employees, agents, related entities and Third Party Services) harmless from any claims, demands, costs, expenses, losses, liabilities and damages arising from any breach by you of the terms of the Agreement, including any fraudulent, negligent or reckless act, omission or your misuse of the Site and/or Services.
The trademarks, trade names, service marks and logos and others used on the Site belong to us and its respective owners (third party exchange partners and service providers). The software, applications, text, images, graphics, data, prices, trades, charts, graphs, video and audio materials used on this Site belong to us and cannot not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, no matter manual or automated, without our prior written consent. The use of any content from the Site on any other site or a networked computer environment for any purpose is strictly prohibited.
Electronic Delivery of Communications. You agree and consent to receive electronically all communications, agreements, documents, notices and disclosures (collectively, “Communications“) that we provide in connection with your use of the Services. We will provide these Communications to you by posting them on our website, emailing them to you at the email address you provided, communicating to you via instant chat, and/or through other electronic communication such as text message or mobile push notification. Withdrawal of Your Consent. You may withdraw your consent to receive Communications electronically by following the unsubscribe instructions in the email/SMS or contacting us at [email protected] and requesting to opt out. Please note that even if you unsubscribe from our marketing mailing list, we may continue to send you service-related updates and notifications or respond to your enquiries or complaints, and similar communications.
We are committed to providing a high standard of service. If you have any feedback, questions, or dissatisfied with the service you have received and wish to submit a complaint, please do so via email to [email protected] Please provide us with the following details in order for us to be able to process your complaint expeditiously:
In the event of a dispute arising and relating to the Agreement, the parties shall first try to resolve it by contacting the other party directly in the attempt to reach an amicable resolution. Governing Law and Jurisdiction. Any disputes and claims that cannot be resolved amicably will be submitted to the exclusive jurisdiction of the courts in Netherlands and shall be governed by and construed in accordance with the laws of the Netherlands.
Taxes. It is your responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the Services, and to withhold, collect, report and remit the correct amounts of taxes to the applicable tax authorities. Assignment. We may assign our rights and obligation, either in whole or in part, under the Agreement. Your rights and obligations are personal to you, and therefore non-assignable. Entire Agreement. The Agreement constitute the entire agreement in relation to your use of the Site and/or Services. Severability. If any provision of the Agreement shall be deemed invalid, void, or for any reason unenforceable, then that provision shall be severable and will not affect the validity and enforceability of any remaining provisions. Change of Control. In the event that we are acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information that we have collected from you, including any personal information, as part of such merger, acquisition, sale, or other change of control. Force Majeure. We shall not be liable for delays, failure in performance or interruption of service which results directly or indirectly from any cause or condition beyond its reasonable control, including, but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labour dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions. Enforcement of Our Rights. We may not always strictly enforce our rights under the Agreement. If we do choose not to enforce our rights at any time, this is a temporary measure and we may enforce our rights strictly again at any time. Survival. All provisions contained in the Agreement, which by their nature extend beyond the expiration or termination of the Agreement, will continue to be binding and operate after the termination or expiration of the Agreement. Language. The Agreement and any information or notifications that you or we are to provide should be in English. Any translation of the Agreement or other documents is provided for your convenience only and may not accurately represent the information in the original English. In the event of any inconsistency, the English language version shall prevail. Last updated: June 11, 2020 and effective for all users as of June 11, 2020.