This Terms and Condition is designed to address regulatory requirements of the jurisdictions in which the Company offers its services, including UK Data Protection Act 2018 and the General Data Protection Regulation (“GDPR”) enacted by the European Commission. The Company under takes maximum efforts in order to protect your privacy. The Company uses the collected information about you to fulfill its contractual obligations and improve the customer service. All the terms that have definitions in CoinAmount Terms and Conditions shall have the same meaning in this Privacy Policy. “Personal data” shall mean any information relating to an identified or identifyable living individual.
PLEASE READ THE TERMS AND CONDITION CAREFULLY BEFORE CREATING YOUR ACCOUNT. IF YOU DO NOT AGREE WITH ALL OR ANY THESE TERMS, PLEASE LEAVE THE WEBSITE IMMEDIATELY,DO NOT USE COINAMOUNT ECOSYSTEM.
Platform - is a technical, functional and organizational structure, managed by the Service so that sellers and buyers can enter into Cryptocurrency sales transactions.
Cryptocurrency - is a type of digital currency, the creation, and control of which is based on cryptographic methods.
Algorithms such as Proof-of-work and / or Proof-of-stake are used. The functioning of such systems is decentralized in distributed computer networks.
Seller - the person placing the offer to sell Cryptocurrency on the platform.
Buyer - the person placing the offer to purchase Cryptocurrency on the platform.
The Client - is a buyer or seller, or any other account holder.
Transaction - a bilateral agreement between the Buyer and the Seller for the exchange of Cryptocurrency using the Platform.
Price - is the cost in nominal dollars for which the Client is ready to buy and sell Cryptocurrency using the Platform.
Commission - the amount that is charged to the user account for the operations of the Service.
To use the Platform, you must be either:
An individual aged 18 years or older;
A legal person (e.g. company or partnership)
In addition, you must warrant that:
Using CoinAmount services does not constitute a breach of your home jurisdictions’ laws;
You are aware of the risks in using the services provided by CoinAmount as outlined in our Risk Disclosure Warning Statement. These risks include the high volatility risk of cryptocurrency itself, the fact that you may lose all of the funds in your trading account if the market moves against you;
You will not be involved or initiate any form of market manipulation, including spoofing orders or otherwise;
You are the legal owner of the funds you add to your account with CoinAmount and that the same funds derive from a legitimate source;
Any cryptocurrency withdrawal address you provide is your own and that you have full control over this address;
In order to confirm your eligibility, we may have to conduct certain checks and request certain documents from you before you can access the Platform. You must give us information we reasonably ask you for, and you must fully and truthfully answer any questions we may reasonably ask you, in order to complete these checks.
You must inform us as soon as reasonably practicable if you cease to meet the eligibility criteria set out in this clause.
We reserve the right to suspend or revoke your access to the Platform at any time without prior notice to you. If we suspend your profile, your Account or terminate your access to the Platform, then we may also close any open orders and administer a Close Out of any outstanding repayments of Leverage Funding at that time.
If you wish to place an Order, and provided you meet the Eligibility Criteria, you will first be required to register as a User. You can open a Standard Account by providing your email address.
If you require deposits and/or withdrawals using Stablecoin, to comply with our legal/regulatory obligations, we will ask you to follow a two-step process to open an Account:
Submission of the Individual or Corporate Application which can be found on the Platform;
Signing of the Certified Board Resolution document in the case of a Corporate Application.
Once we have received all of the required documentation and information, we may undertake certain additional compliance and security checks on you.
CoinAmount reserves the right to verify your identity and/or the identity of your legal entity at any time for the purposes of complying with the Seychelles’ Anti-Money Laundering Act 2017.
Your data may be shared with qualified third parties in the course of anti-money laundering checks and other appropriate checks in order to provide Our services to you. Further details on information sharing may be found in Our Privacy Policy.
We may suspend any Account in the event that we suspect or have reason to believe you are engaged in suspicious trading or other activity or have breached any of the above warranties. In the event that we request additional information about you, we may suspend your Account until you provide this information to us and we will not be liable to you for any losses that result from such suspension. If you do not cooperate with our requests for further information or documentation during the suspension of your Account, we reserve the right to keep your Account in suspension indefinitely or to terminate your Account.
If we are satisfied that you comply with all applicable requirements, we will provide you with a verified account to access the Platform. For the avoidance of doubt, we may refuse to grant a verified account to any person without stating a reason.
Once we have opened a Standard Account for you and this Standard Account has been activated, you will be able to deposit Cryptocurrency only into your Standard Account by sending it to the address we provide you with.
Any Cryptocurrency (including any Margin) you send, a will be held within a storage solution managed by us and is not insured against loss.
You shall be permitted to withdraw Cryptocurrency credited to your Account on the Platform by making a withdrawal instruction via the Platform.
Where a withdrawal instruction is received by us in respect of Cryptocurrency, we shall credit such Cryptocurrency to the Cryptocurrency wallet you nominated on registration or subsequently agreed with us.
You warrant that you own and are fully responsible for any Cryptocurrency wallet you have notified to us for the purposes of receiving Cryptocurrency withdrawn from the Platform.
If you receive a deposit that you did not initiate, you must inform us at the first available opportunity after becoming aware of the deposit.
We cannot reverse a Cryptocurrency transaction which has been sent to a Cryptocurrency network.
We may suspend any deposit or withdrawal instruction without stating a reason. In the event that we request additional information about the transaction, we may suspend your deposit or withdrawal instruction until you provide this information to us and we will not be liable to you for any losses that result from such suspension.
You acknowledge that deposited and traded Cryptocurrency may be co-mingled with those of other Customers of CoinAmount in the Client Account.
You acknowledge that CoinAmount is under no obligation to pay interest on any funds held on your behalf in any account.
You may not use the Platform to store, send, request, or receive Cryptocurrencies (or other digital assets) which are not expressly supported by the Platform. If you attempt to send a transfer to our Platform of a cryptocurrency which is not supported by us, we are under no obligation to return such Cryptocurrency to you.
All payments made to us under this Agreement are to be made in full without any set-off, counterclaim or deduction whatsoever.
We shall make payments to you in full less our Commission (as defined on our Fees page) unless:
It is required by law to deduct sums in respect of taxation;
It is or will be owed amounts which are incurred in respect of transfer charges that may be levied;
You owe us amounts in respect of other Orders or Commission which have not been settled in accordance with this Agreement.
Prior to making any Order, you must have credited Cryptocurrency to your Account. We shall not permit any Order to be placed until Cryptocurrency has been deposited to the notified address, and cannot accept responsibility for any delay in trading or subsequent withdrawal due to the late arrival of such funds.
If you have a sufficient balance of Cryptocurrency in your Account, you will be able to trade with other Users.
To open or close a trade on the Platform, you must submit an Order. Once you have submitted an Order we will attempt to match it with a User on the Platform that wishes to take the other end of the trade. We are under no obligation to accept or match any Order submitted by you, and we maintain discretion over whether any order is accepted, matched, or executed. There will be no contract between you and another User until the proposed trade has been approved by us.
Where an Order has not been matched, we may in our sole and absolute discretion cancel the Order.
We shall at all times be entitled to operate on the basis that each Order is correct and does not contain any errors.
We may in our sole and absolute discretion from time to time provide you with information on practical aspects of using the Platform.
Notwithstanding any such information provided by Us, you acknowledge and agree that you enter into each Order of you own free will without reliance on any information provided by us and that such Order is at your own risk. You shall not be entitled to rely on Our for advice on the timing or terms of any Order.
You acknowledge and agree that the exchange rate between Cryptocurrencies varies regularly and will be affected by matters and events outside of your control or control of CoinAmount.
You warrant that:
You have full legal capacity to enter into this Agreement;
All Cryptocurrency deposited into your Account derive from legitimate/legal sources;
Using the Platform does not infringe any local laws of your country of residence;
If you are an individual, you are not acting on someone else’s behalf;
You only will apply for a single Account with us;
If you are a company, you are authorised to transact on behalf of your legal entity;
The User agrees to protect, defend, indemnify and hold harmless CoinAmount and its officers, directors, employees, agents and third party service providers from and against any and all claims, demands, costs, expenses, losses, liabilities and damages of every kind and nature (including, without limitation, reasonable attorneys’ fees) imposed upon or incurred by CoinAmount directly or indirectly arising from (i) the User’s use of and access to this Site or the Services found at this Site; (ii) the User’s violation of any provision of the Terms of Use or the policies or agreements which are incorporated herein; and/or (iii) the User’s violation of any third-party right, including without limitation any intellectual property or other proprietary right. The indemnification obligations under this section shall survive any termination or expiration of the Terms of Use or the User’s use of this Site or the Services found on this Site.
CoinAmount reserves the right to amend or modify any portion of these Terms of Use at any time by publishing the revised version of the Terms of Use on the Site. The changes will become effective and shall be deemed accepted by the User, the first time the User uses the Services after the publishing of the revised Terms of Use and shall apply on a going-forward basis with respect to any activity initiated after publishing. In the event that the User does not agree with any such modification, the User's sole and exclusive remedy is to terminate the use of the Services and close the Account. The User agrees that CoinAmount shall not be liable to the User or any third party as a result of any losses suffered by any modification or amendment of these Terms of Use.
If CoinAmount is unable to perform the Services outlined in the Terms of Use due to the factors beyond its control including but not limited to the event of Force Majeure, change of law or change in sanctions policy, CoinAmount will not have any responsibility to the User with respect to the Services provided hereunder and for a time period coincident with the event. In case of the data-centre glitch or internal issues, CoinAmount may make changes on its own decision, as well as roll back to the latest backup, which is considered relevant by CoinAmount.
This Site and the Services found at this Site may contain links to third-party websites that are not owned or controlled by CoinAmount. CoinAmount assumes no responsibility for the content, terms and condition CoinAmount does not censor or edit the content of any third-party websites. By using this Site or the Services found at this Site, you expressly release CoinAmount from any and all liability arising from the User's use of any third-party website. Accordingly, CoinAmount encourages the User to be aware when the User leaves this Site, or the Services found at this Site and to review the terms and conditions, privacy policies and other governing documents of any other website that you may visit.
If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms and/or your use of the Site and the Service, your Account or any other matter, please, contact support@coinamount.com