Terms and Conditions

 

These are the terms which apply to the use of and supply of services as described in these terms (the “Service”), by Streetwise Bank (“we”, “us” and “our”).

“User”, “you” and “your” refer to any person operating or intending to use the Services. We may provide Services to you via our website, APIs, our mobile app, via third parties, or through any other interface or portal as we may determine from time to time (all together, the “Interface”).

Your purchase of any of the Services is subject to these terms and by subscribing to any Service you agree to be bound by the relevant terms below. You should print a copy of these terms for future reference.

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Important Information

 

IT IS IMPORTANT YOU READ THESE TERMS CAREFULLY BEFORE ACCEPTING THEM OR MAKING USE OF ANY OF OUR SERVICES. BY DOWNLOADING, ACCESSING AND/OR USING THE INTERFACE, YOU CONFIRM THAT YOU ACCEPT AND AGREE TO BE BOUND BY THESE TERMS AND ACKNOWLEDGE THAT THEY CONSTITUTE A LEGALLY BINDING CONTRACT BETWEEN US AND YOU.

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IF YOU DO NOT AGREE TO ALL OF THESE TERMS, YOU ARE NOT PERMITTED TO ACCESS OR USE THE INTERFACE, AND YOU SHOULD NOT PROCEED FURTHER.

BY ENTERING INTO THIS AGREEMENT OR OTHERWISE USING SERVICES PROVIDED BY US, YOU CONFIRM THAT YOU ARE LEGALLY PERMITTED UNDER ALL APPLICABLE LAWS AND REQUIREMENTS AT ALL TIMES TO RECEIVE AND MAKE USE OF THESE SERVICES, AND AT ALL TIMES THERE IS NO OTHER REASON TO PREVENT YOU FROM ENTERING INTO THIS AGREEMENT.

BEFORE USING OUR SERVICES, YOU MUST ENSURE THAT YOU UNDERSTAND THE INHERENT RISKS ASSOCIATED WITH CRYPTOGRAPHIC SYSTEMS AND THEIR USAGE AND HAVE AN UNDERSTANDING OF PUBLIC/PRIVATE KEY CRYPTOGRAPHY, NATIVE CRYPTOGRAPHIC TOKENS SUCH AS BITCOIN (“BTC”), BITCOIN CASH (“BCH”) AND ETHER (“ETH”), BLOCKCHAIN-BASED SOFTWARE SYSTEMS, AS WELL AS CRYPTOCURRENCIES AND DIGITAL ASSETS IN GENERAL.

YOU SHOULD ONLY USE THESE SERVICES IF YOU CAN AFFORD TO LOSE ALL OF YOUR INVESTMENT AS INVESTING IN CRYPTOCURRENCIES AND DIGITAL ASSETS INVOLVES A HIGH DEGREE OF RISK. THE FACT THAT WE PROVIDE SERVICES IN RELATION TO A PARTICULAR DIGITAL ASSET IN NO WAY INDICATES OUR ENDORSEMENT OF THAT DIGITAL ASSET. OUR SERVICES ARE PROVIDED WITHOUT ANY ASSESSMENT OF THEIR SUITABILITY FOR YOU. YOU MUST THEREFORE ONLY USE OUR SERVICES WHERE YOU HAVE INDEPENDENTLY (OR WITH THE ASSISTANCE OF AN INDEPENDENT ADVISOR) DETERMINED THAT OUR SERVICES ARE SUITABLE FOR YOUR REQUIREMENTS.

IF YOU ARE UNCLEAR REGARDING ANY ASPECTS OF THESE TERMS, YOU SHOULD CONTACT US BEFORE USING OUR SERVICES.

YOU MUST REVIEW THE INFORMATION WE MAKE AVAILABLE IN RELATION TO OUR SERVICES AND THESE TERMS.

THE FINANCIAL OMBUDSMAN SERVICE OR THE FINANCIAL SERVICES COMPENSATION SCHEME DO NOT APPLY TO THE CRYPTO-ASSET ACTIVITIES CARRIED ON BY US.

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Our Services

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• The acquisition, transfer or sale of Digital Assets requires participants to use a pair of keys: a public key, which may be disseminated widely and is used by the market to identify the buyer / seller of a Digital Asset on a pseudo-anonymous basis, and a private key, which is known only to the owner, and is used to actually make instructions to buy or sell Digital Assets. As such, effective security of Digital Assets requires keeping your private key private. We, through our proprietary technology, assist users, such as you, with the secure management of your private keys.

• When you use our Services, we will create a Streetwise Bank wallet account on your behalf (an “Account”), and we will create a new private key (and corresponding public address) on the blockchain which we will hold on trust for you to use in connection with your Streetwise Bank wallet account. We shall keep this private key secure for you through our proprietary technology. When you open an account with us you will be able to instruct us, via the Interface, to conduct transactions by using our securely stored keys, as we hold the private keys on your behalf.

• Upon successful registration for an Account, we will provide you with the following services (the “Services”)

  • ​create for use within your Account (“Keys”);

  • securely store and manage your Account;

  • facilitate the sending and receiving of the cryptocurrencies and other digital assets we support as set out in Annex 1 (“Digital Assets”) on the blockchain by giving instructions through the Interface (“transactions”); and

  • view the balance of Digital Assets controlled by the keys which we safeguard on your behalf (“Dashboard”).

• In addition to the Services we provide to you directly, we may, at our sole discretion, allow you to use your Digital Assets held with us to access decentralised applications (“dAPPs”) accessible via third party services, and we may, at our sole discretion, allow you to sync your Account with third parties to sign and verify transactions.

• Please note that, whilst we may provide the functionality for you to interact with third party systems, any activities you engage in with, or services you receive from, third parties are between you and that third party directly. We do not have any oversight over your activities with third parties, and as such we do not and cannot make any representation regarding their appropriateness and suitability for you. We therefore do not take responsibility or liability for anything you do with a third party.

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Additional Exchange Services

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• In addition to the Services listed above, we may, at our sole and absolute discretion, offer you additional uninsured services if you are working with exchanges (the “Additional Exchange Services”).

• The additional terms which apply to the Additional Exchange Services are set out in Annex 2: Additional Exchange Services.

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Our Services: What We Do And Do Not Do

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• Our Services involve the looking after of your Digital Assets. We do not administer the blockchains on which Digital Assets are held.

• We do not ourselves directly offer you the ability to vote on, lend or stake Digital Assets. Whilst you may be able to undertake these activities via third party App providers or through an exchange, we are not responsible for, and take no liability for their performance.

• Whilst we may send Digital Assets on your behalf in relation to the tokens we support, we do not ourselves provide exchange services and do not act as a trading intermediary. You will be solely responsible for the use of your Account and for all transactions conducted with your digital assets safeguarded by us. You must take care to ensure that the details of any transactions you initiate are correct and we will not be responsible for errors in transactions.

• We do not provide advice regarding transactions and have no duty of care or responsibility to supervise or determine the suitability of any transaction.  

• Nothing in these terms shall oblige us to extend credit, grant financial accommodation or advance funds or assets to or for the benefit of you for the purpose of meeting any of your obligations or otherwise.

• Our Services are available only in connection with the Digital Assets we support, which are listed in Annex 1. However, we may expand our offering on providing customers with written notice from time to time. Under no circumstances should you attempt to use our Services to send, request, or receive digital currencies in any form that we do not support. We assume no responsibility or liability in connection with any attempt to use our Services for digital currencies that we do not support. If we cease to support a particular token, we will use all reasonable endeavours to provide you with prior written notice, and to enable you to cash-out your holding in the affected Digital Assets. We do not accept liability, even if foreseeable, as a result of us no longer supporting a particular Digital Asset.

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Valuation of Digital Assets

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• ​The value of Digital Assets can be volatile and difficult to assess, and different exchanges may quote different values for the same Digital Asset. Where we provide an indication of the value of Digital Assets, we base these indications on information provided to us by third parties whose identity we may not disclose to you. 

• Whilst, therefore, we have used reasonable commercial endeavours to ensure the third parties we use are reputable, by accepting these terms you accept that we do not take responsibility for the information they provide, and you must perform your own assessment of the value, and potential value of any Digital Assets you buy, sell or otherwise participate in.

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Limits

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• In order to minimise the risks of using our Services, you must ensure that you do not use our Services to safeguard more than the maximum amounts of Digital Assets as displayed in the Interface as permissible in relation to each Digital Asset from time to time.

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Contact us

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• Please contact us by email in case of questions about these terms, our processing of personal data, any order you have placed or ordering in general, or if you have any complaint or concern in relation to any Service.

• Communications between us shall be in English. You may communicate with us in accordance with procedures notified to you by us (including security procedures and use of passwords). Should we receive a communication or instruction which purports to be from you, we are entitled, but are not obliged, to rely on and conclusively presume that such communication or instructions have been given by you.

• You accept that we are deemed to have received any email correspondence at the time we access it. You accept that there may be a delay in responding to correspondence received. You also acknowledge and accept the risks inherent in email, particularly of its unauthorised interception and of its not reaching the intended recipient.

• Although we take all reasonable care to ensure all electronic communications and attachments we send to you are free from any known virus or bug, we will not be responsible for any loss or damage resulting from any attack by a third party on our systems, any computer virus or any other malicious or technologically harmful material that may infect your computer equipment, computer programs, data or other material due to your use of our service.

• As long as we act reasonably you authorise us to rely on instructions by whatever means transmitted which appear or purport to be sent by or authorised by you. We may record and monitor conversations we have with you.

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Registration

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• To use certain features of the Interface, you must register an Account and provide certain information about yourself as prompted by the account registration screen. You agree to provide us with the information we request for the purposes of verifying your identity (and if you are not an individual, any of your beneficial owners) and checks required in relation to prevention of money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information. You will need to complete certain verification procedures before you are permitted to use our Services and we may require further customer identity checks on a periodic basis from time to time. Your access to our Services, and any limitations that apply to your use of the Services, may be altered as a result of the information we collect, on an ongoing basis.

• You authorise us to make the inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge that your personal information may be disclosed to identity verification, credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. This is an identity check only and should have no adverse effect on your credit rating.

• In order to register, you must:

  • if you are registering as an individual, able to provide government approved identification documents.

  • if you are registering as a company or partnership (an “Organisation”), have the necessary authority, power and rightfully to bind the Organisation being granted access to the Service(s).

  • understand the inherent risks associated with the usage of cryptographic systems and have an understanding of public/private key cryptography, native cryptographic tokens such as BTC, BCH and ETH, and blockchain-based software systems. You may review the information we make available in relation to crypto-assets, cryptocurrency, Digital Assets and blockchain and our Services in order to help ensure that you have an appropriate level of understanding, however, we do not assume any responsibility for ensuring that you have an adequate understanding of the risks.

• If you do not meet these eligibility criteria, you must not apply to register for an Account, and by registering, you represent and warrant to us that you do meet these criteria.

• Organisations, before receiving the Services, must provide us with a list of persons (the “Authorised Persons”) within the Organisation who have the authority to provide us with instructions in relation to the Services. If you are registering as an individual, then you are the Authorised Person for the purpose of receiving our Services.

• We are entitled to rely upon any instruction received from, or reasonably believed by the us to be from, any Authorised Persons, whether or not they have actual authority to give instructions. In the event that someone is no longer an Authorised Person, we must be informed immediately by an Authorised Person. However, as long as we have not been grossly negligent in doing so, we are not liable if we act on the instructions of someone who is no longer an Authorised Person.

• Please note that additional eligibility criteria may apply to a particular Service. It is your responsibility to ensure you satisfy all of the minimum eligibility criteria set out above before choosing to register with us. By doing so, you confirm to us that you do meet all of the minimum eligibility criteria.

• You are responsible for the information you provide to us and must ensure that such information is accurate, complete and kept up to date. You must contact us promptly to inform us of all changes to this information and to notify us if you no longer satisfy all of the minimum eligibility criteria or promptly update your account information in the event of any changes to this information.

• Registration is subject to approval by us in all cases, and we reserve the right, in our sole and absolute discretion, to decline any application for registration, without giving a reason. If we approve your registration, you will receive a notification from us confirming our acceptance of your application (“Acceptance Confirmation”). The implicit or explicit contract between you and us in relation to the Service(s) ordered (“Contract”) will only be formed when we send you the Acceptance Confirmation.

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How We Treat Personal Information

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• We need to obtain certain information about you in order to provide our Services to you. If you do not provide the personal information requested by us, then we may be unable to provide our Services. We may share information concerning your Accounts, including your personal information: (i) with our professional services providers (including, but not limited to auditors, attorneys and advisors) to the extent necessary to conduct ordinary business operations; (ii) with appropriate regulatory, government authorities, or (iii) as otherwise required by law, rule, regulation, legal process or a court of competent jurisdiction.

• Further information on how we process your personal data is set out in our Privacy Policy.

 

Account Information

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• Upon registration for an Account, you will be provided with or asked to create account login information. You must keep your account login details secure and not disclose them to anyone else. You should contact us immediately upon discovering any unauthorised use of your Account or error in the operation of your Account login details.

• Any breach of these terms and/or any use of your Account by anyone to whom you disclose your Account login details will be treated as if the breach of use had been carried out by you and will not relieve you of your obligations to us.

• By consenting to this Agreement or using our Services so as to assume your agreement to the terms of this Agreement, you acknowledge and agree that you are solely responsible for all use you make of any of our Services.

• The Services are not intended for distribution to, or use by, any person in a country where such distribution or use would be contrary to local laws and regulations. You are responsible for ensuring that your use of the Services is in compliance with any local laws and regulations which apply to your use, and for obtaining any appropriate legal advice regarding your use of the Services if required.

• You must ensure that only Digital Assets which are owned by you are transferred to your Keys and that no Digital Assets are owned by third parties or subject to any lien, charge or other security interest.

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Access To Our App

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• If you use our App as an Interface, this requires a phone with either an Android OS or an Apple OS. Using the App through any phone which has been subject to unauthorised modifications (“Jailbroken”) may cause security vulnerabilities and is strictly prohibited. We cannot accept responsibility for any losses arising out of your use of the App through a Jailbroken device and you agree to indemnify us for any loss caused to use through your use of a Jailbroken device.

• We are only able to accept the creation of one Account per mobile device and you can only access your Account on one device at a time.

• If you lose or replace the device your Account is registered to you must immediately log into your Account on a new device and you will be required to follow the steps on screen to deactivate your old device and set the new device up.

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Fees

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• Service fees
  • ​These will be as agreed during the onboarding phase and documented as part of our fee or pricing policy.
• Transaction Charges
  • ​Once you have set up your Keys, you will be able to transfer Digital Assets to them and initiate transactions through the Interface.
  • ​Certain Digital Assets require the payment of a transaction fee for every transaction that occurs on the network (“Transaction Charge”), for example, to fund the network of computers that run the decentralised network. Where there is a Transaction Charge you will need to pay the Transaction Charge for each transaction which you initiate through the Interface.
  • ​The Interface will suggest an appropriate Transaction Charge for each transaction. However, you may increase this provided that the total amount of Digital Assets which you are transferring (including the Transaction Charge) cannot be greater than the amount of the relevant Digital Assets controlled by you at the time.
  • ​The greater the level of Transaction Charge applied to a transaction, the more likely your transaction will be accepted and processed on the network quickly. Your transaction will show as pending until it is processed (“Confirmed”). You may cancel your transaction and submit it again with a higher Transaction Charge at any time before it is Confirmed. You acknowledge and agree that we will not be liable for any transactions which fail or are delayed due to insufficient relevant Digital Assets being associated with your Keys.

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Processing Transactions And Other Costs And Charges

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• We will process transactions in accordance with the instructions we receive from you. You should verify all transaction information prior to submitting instructions to us. You must take care to ensure that the details of any transactions you initiate (including any addresses and amounts) are correct and we will not be responsible for any errors in transactions as a result of your mistake. We recommend you scan the QR code of another account rather than manually entering the account number where possible, to reduce the likelihood of you entering incorrect account information.

• We do not guarantee the identity of any of the parties to a transaction, as we provide an execution only service executing your instructions. Transactions cannot be reversed or cancelled once they have been Confirmed. You agree that your Account will be self-directed and that you are solely responsible for all transactions conducted with your Digital Assets.

• You agree that we do not assume, have or owe any obligations or duties, fiduciary or otherwise, to you except as set out in these terms. You agree and acknowledge that you are solely responsible for conducting legal, tax, accounting and other relevant due diligence pertaining to any transactions conducted with your digital assets safeguarded by our Services.

• Please note that it is possible that taxes or costs may exist in addition to those charged by us as set out above. You are responsible for any such costs or charges, including all taxes, assessments, duties and other governmental charges, including any interest penalty with respect thereto, relating to any Digital Assets held on your behalf or any transaction, and, to the extent that if we have to pay these on your behalf, you shall indemnify us for the loss incurred on request.

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Making Payments

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• We use third party payment platforms to accept payments from you using the credit or debit card details which you provide.

• Fees for our Services are calculated daily and invoiced either daily or monthly and will be charged at the price set out on the Interface upon confirmation of purchase and renew automatically.

• You acknowledge and agree that we are authorised to charge your Account or credit or debit card monthly and you will be charged no more than 24 hours prior to the end of the relevant monthly term.

• Late payment and non-payment of fees – In the event of non-payment or late payment of our fees, you agree that we may use, sell, retain or set-off digital assets associated with the Keys held by us on your behalf. We will only exercise this right if the sum is outstanding for 30 calendar days from the date of our request.

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Transaction Delays

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• We securely store your private keys, which are the means by which transactions can be securely approved, in a combination of online and offline storage. As a result, it may be necessary for us to retrieve certain information from offline storage in order to facilitate a transaction in accordance with your instructions, and you acknowledge that this may delay the initiation or crediting of such transaction.

• We do not accept any liability for any loss resulting from such a delay, including foreseeable loss.

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Risks

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• Holding and participating in Digital Assets involves a high degree of risk. We set out below an overview of some of thy types of risk, however this list is not exhaustive, and you must only use the Services after taking an independent assessment of the potential risks involved.

• ​Digital Assets risks: Digital Assets are a new asset class and as such represent a high-risk investment. Risks include but are not limited to: hacking, fraud, glitches, regulatory changes, abandonment of a Digital Asset, volatility, information asymmetry, general economic risks, and unanticipated changes. The value and liquidity of Digital Assets may be subject to large fluctuations, and is affected, for example, by legislative and regulatory changes, and the willingness of market participants to participate. In addition, fraud or cyber-attacks can result in technical difficulties which could prevent the access to or use of your Digital Assets. We do not advise you regarding your investment in or holding of Digital Assets, and it is your obligation to understand the specific risks of the Digital Assets in which you participate.

• Viruses: To our knowledge, we will not provide you with software which contains any malicious code, program, or other internal component (e.g. computer virus, computer worm, computer time bomb, or similar component) (all together, a “Virus”), however you accept that the nature of the Services provided by means under there is a risk of software containing a Virus. As such, by using the Services you agree to act reasonably in performing your own checks for a potential Virus and to provide us with reasonable assistance in identifying and remedying any Virus. To the extent that you interact with software provided by or on behalf of a third party, you accept that we cannot check such software for a Virus and as such we cannot take responsibility for checking any such software.

• Blockchain risks: We do not own or control the underlying software protocols which govern the operation of Digital Assets or the blockchain on which they are held. These are generally open source, and anyone can use, copy, modify, and distribute them. We are not responsible for the operation of the underlying protocols and we cannot guarantee their functionality, security, or ongoing availability. You acknowledge and accept the risk that underlying software protocols relating to any Digital Assets you control through the Services may change or cease to be available.

• Transaction risks: We have no control over, and do not accept liability for, the delivery, quality, safety, legality or any other aspect of any goods or services that you may purchase or sell to or from a third party (including other users of our Services). By undertaking transactions, you risk incurring losses due to fraudulent or accidental transactions, which may not be recoverable as transactions may be irreversible. We are not responsible for ensuring that a third-party buyer or a seller you transact with will complete the transaction or is authorised to do so. If you experience a problem with any goods or services purchased from, or sold to, a third party using Digital Assets transferred using the Services, or if you have a dispute with such third party, you should resolve the dispute directly with that third party. If you believe a third party has behaved in a fraudulent, misleading, or inappropriate manner, or if you cannot adequately resolve a dispute with a third party, you may notify us. However, you acknowledge that we will have no obligation to take any action in response to such notification.

• Interoperability risks: Where you use our Services or software to interact with other software providers, for example third party App providers, you accept that there may be additional risks in relation to such other software, that it is your responsibility to assess the suitability and appropriateness of any such software and any loss cause by such use is not our responsibility.

• Exchange risks: There are risks when dealing with exchanges, for example they may be hacked, may face solvency issues, may be the subject of fraud or may be negligent in carrying out transactions. In addition, an exchange may reject any transaction or the provision of any Digital Assets by us for any or no reason. You accept that where you ask us to deal with an exchange, any such dealings will be subject to the risks relating to that exchange. By making any such request, you therefore represent to us that you have carefully considered and accept the risks of using the exchange, and that we are not responsible in the event that any risk materialises.

• Third party risks: Where we are operating in conjunction with third parties, crypto exchanges, third party APIs and/or any other third-party systems, there is a risk of transactions being mistakenly or fraudulently signed to access your Account as a result of the actions of the third party. You accept that in instructing us to deal with third parties you are aware of the risks involved, and that you, and not we, accept the risks involved in dealing with that third party.

• Other risks: Please note that there may be other risks in addition to those outlined above in relation to your holding or participating in Digital Assets, and there may be further risks that arise in the future.

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Forks, Unsupported Digital Assets And Airdrops

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• Forks: The underlying protocols of Digital Assets may be subject to potentially substantial changes in operating rules which may materially affect the Digital Assets which you control through the Services (including, but not limited to, its value or function). The changes (called “Forks”) may take the form of:
  • ​“Hard Forks”, whereby a Digital Asset is split into two new Digital Assets (e.g. ethereum split into ETC and ETH); or
  •  “Soft Forks”, whereby code is updated but no new Digital Asset is created.
  • Where possible, we may (but are not obliged to) provide you with notices or alerts on Forks and you must read such notices or alerts received from us so that you may consider how to deal with upcoming Forks. You are responsible for making yourself aware of any upcoming Forks and taking any action which you may deem appropriate in response to them.
  • If and when Forks occur, we may need to temporarily suspend operations and/or Services in response to that Fork without providing advance notice to you. And in the event of a Hard Fork we may, in our reasonable discretion, decide not to support either or both of the new Digital Assets of the Fork.
• Unsupported Digital Assets and airdrops
  • Our Services are available only in connection with the Digital Assets we support. We note that, whilst we only support the Digital Assets listed in Annex 1, our software may be used for tokens other than these Digital Assets. No unsupported cryptocurrency, crypto-asset or token sent to or from your Account (including through unsolicited coin or token distributions (known as “airdrops”)) will be displayed on the Dashboard and you may not be able to withdraw, access or otherwise deal with any such tokens, whether through the Interface or otherwise.
  • ​Any unsupported use of our software or Services is entirely at your own risk, and we do not accept responsibility or liability for any such use. You may not, under any circumstances, use our software or Services in any way which may result in us carrying on a regulated activity under any applicable law, as we are not authorised to carry out regulated activities. You will be responsible for any loss caused to us as a result of any activity you undertake which we do not support.

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Cancellation, Suspension And Termination

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• Your rights to cancelling your subscription and close an Account
  • ​You may terminate your Contract and close your Account at any time on 30 days’ notice but you must first transfer out all Digital Assets safeguarded through the Services and notify us by following the instructions in the Interface or by contacting us. You will not receive a refund for the fees you already paid for your current monthly dues for the period, but you will continue to receive the Services until the end of your current subscription period. Please be aware that if the value of your Digital Assets has fallen you will not get back the full amount you have invested.
  • Once the cancellation comes into effect at the end of the then current monthly term, you will not be able to use the Services. 
  • You acknowledge that once you have terminated your Account you will not have any proprietary rights in any Keys, and we will no longer have any obligation to continue to safeguard them.
  • Please note that if you fail to pay any fees or subscription charges when they become due, this will not terminate your Contract with us but will cause your ability to execute transactions or use other functions of the Interface to be suspended. You will however retain the ability to view the Dashboard. If you have not transferred out your Digital Assets and closed your Account, we will continue to hold your Digital Assets on trust for you absolutely as a bare trustee pursuant to these terms of service and the monthly fee for the Services will continue to accrue. For further details regarding our rights for non-payment, please see the section “Fees”.
  • You can contact us at any time in order to arrange for the transfer of your Digital Assets to you although you will need to pay any outstanding fees accrued up to the date of such transfer.

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Additional Cancellation Rights For Consumers

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• If you are a consumer you have the right to cancel your subscription for the Services within 14 days after the date we send you the Acceptance Confirmation. However, you acknowledge that we start provision of the Services immediately following the Acceptance Confirmation (which, by registering for an Account, you request us to do) and that if you cancel within the 14 day period then the charge you pay us (which we will deduct from any refund otherwise due to you) will be proportionate to the number of days in the month through which the Services have been provided.

• Please note if you cancel during the above period after you have transferred any digital assets to your Keys, you will need to follow the procedures for the transfer out of such assets and Account closure outlined as per our company’s policies and procedures.

• To cancel your subscription as above, you must clearly inform us, preferably:

  • ​in writing giving us your name, address and order reference; or
  • by completing and submitting a cancellation request available on the Interface via chat.
• Details of the consumer rights described above, and an explanation of how to exercise them, are as provided and nothing in this section affects your legal rights.

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Our Suspension And Termination Rights

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• We may at our sole discretion: (a) refuse to complete, block or cancel a transaction which you have instigated; (b) suspend, restrict, or terminate your access to any or all of the Services, and/or (c) terminate your Account with immediate effect where:
  • ​we are, in our reasonable opinion, required to do so by applicable law or regulation or any court or other authority to which we are subject in any jurisdiction, or to do so may involve us or you in a breach of legal and/or regulatory requirements;
  • we suspect that any information you have provided to us is materially incomplete, inaccurate or misleading;
  • we reasonably suspect you of acting in breach of these terms;
  • we have concerns that a transaction is erroneous or about the security of your Account or we suspect the Services are being used in a fraudulent or unauthorised way;
  • we suspect money laundering, terrorist financing, fraud, or any other financial crime or unlawful conduct;
  • use of your Account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your Account activity;
  • you take any action that may circumvent our controls such as opening multiple Accounts or abusing promotions which we may offer from time to time;
  • there are insufficient relevant Digital Assets associated with your Keys and Account to cover the transaction either at the time that we receive notification of the transaction or at the date on which the transaction takes place;
  • to do so would run the risk of us suffering a financial loss; and/or
• We may also, from time to time, with or without prior notice, temporarily suspend the operation of any Service and/or the Interface (in whole or in part) for repair or maintenance work or in order to update or upgrade any contents, features or functionality. However, you acknowledge and agree that we will have no obligation to provide you with any specific support or maintenance in connection with the Interface, except to the extent that we agree to do so as part of our quote, in which case this would be documented as part of our formal quotation for acceptance.

• If we refuse to complete a transaction and/or suspend or close your Account, or terminate your use of Services, we will (if permitted by applicable law) inform you of our actions and the reasons for refusal, suspension or closure and, where appropriate, provide you with an opportunity to correct any factual errors which may have led to such action. We will endeavour to lift the suspension as soon as reasonably practicable once the reasons for refusal and/or suspension no longer exist. However, we will not be obliged to allow you to reinstate a transaction on the same terms as the suspended, reversed or cancelled transaction.

• We may also suspend, restrict or terminate your access to any or all of the Services and/or deactivate or cancel your Account, without reason or penalty, by giving you 14 days’ notice. You acknowledge that our decision to take certain actions, including limiting access to, suspending, or closing your Account, may be based on confidential criteria that are essential to our risk management and security procedures. Under no circumstances will we be obliged to disclose the details of our risk management and security procedures to you.

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Effect Of Termination

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• Upon termination of any Contract or Service or your Account, for any reason (including where, in accordance with these terms, you cancel or do not renew your subscription):
  • all rights granted to you under these terms will immediately cease;
  • you must promptly discontinue all use of all relevant Services; and
  • you must pay us all outstanding amounts that you owe us.
• If we suspend or close your Account or terminate your use of our Services for any reason (and if permitted by applicable law), we will use all reasonable endeavours to assist you in arranging for the transfer of your Digital Assets to an alternative address of your choosing. We reserve the right to require you to complete further identity verification procedures, as well as anti-money laundering and prevention of terrorist financing procedures, before assisting you with such transfer.

• We do not accept liability for any loss, regardless of whether that loss is foreseeable, consequential from exercising any of our rights or discretion in relation to suspension or termination.

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Changes To The Services, Fees And Terms

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• • • As it is our policy continually to review and update our Service offerings, we reserve the right to make changes to any aspect of any Service, fees and/or to these terms from time to time, provided that we will not, unless you agree, make any changes in respect of any Service you have already paid for that would (i) significantly reduce the type or level of service you receive (except if we need to do so for security, legal or regulatory reasons) and/or (i) increase the charges you are obliged to pay.

  • • We will always give you as much prior notice as we reasonably can of such significant changes on the understanding that you then have the option of accepting them or cancelling your Service subscription without penalty, in which case, you should notify us that you wish to cancel your subscription (see Cancellation, suspension and termination). If you do not cancel your subscription before the date on which the changes come into effect (which we will notify you), this will mean that you have accepted them.

  • • In certain circumstances, we may have to make changes without giving you prior notice, e.g. because of changes to relevant law or regulation, changes required by any regulatory or tax authority or industry guidance or codes of practice, changes in the way Digital Assets and their markets work, or changes otherwise beyond our reasonable control. Where this is the case, and the changes are not simply improvements in the Services, we will give you an appropriate opportunity to cancel your Service subscription without penalty.

Liability

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• Our liability: Nothing in these terms shall limit or exclude our liability to you:
  • for death or personal injury caused by our negligence;
  • for fraudulent misrepresentation;
  • for breach of any term implied by the Consumer Rights Act 2015 and which, by law, may not be limited or excluded; or
  • for any other liability that, by law, may not be limited or excluded.
• Subject to this, in no event shall we be liable to you for any losses, including any loss of Digital Assets, other than ones caused directly and reasonably foreseeable by our gross negligence (and in no event shall we be liable to you for any indirect or consequential losses, or for any loss of profit, revenue, contracts, data, goodwill or other similar losses). We shall be under no obligation to inquire into, and shall not be liable for, any losses incurred by you or any other person as a result of the maintenance, transfer, receipt or delivery of fraudulent, defective or otherwise impaired Digital Assets.

• Where we are operating in conjunction with third parties, crypto exchanges, third party APIs and/or any other third-party systems, we are not responsible for any loss as a result of such third-party activity. Also, if any transaction is, as a result of your actions or those of a third party, mistakenly or fraudulently signed for using your keys, we are not liable. In addition, if an exchange rejects any transaction or the provision of any Digital Assets by us for any or no reason, we are not liable for any loss resulting from any such rejection. Our liability, as custodian, is restricted to cases where, as a result of our gross negligence, we have lost the keys (or had them hacked) whilst in our custody.

• To the extent that we may be deemed by any applicable law to owe you any fiduciary duties or to be in a fiduciary relationship with you, we explicitly exclude and reject any such duties or relationship to the extent permitted by applicable law. We also do not provide, nor do we accept responsibility for, legal, tax or accounting advice.

• Any liability we do have for losses you suffer arising from any Contract shall not, in respect of any 12 month period (calculated from the date of that Contract), exceed the charges payable by you for the relevant Service(s) in that 12-month period and is strictly limited to losses that were reasonably foreseeable. Losses are foreseeable where they could be contemplated by you and us at the time your application is accepted by us.

• We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under any Contract (including any loss of Digital Assets) that is caused by events outside our reasonable control.

• Your liability: In addition to the indemnities set out in the sections “Access to the App” and “Fees”, you agree to indemnify us for actual, reasonable legal costs and expenses directly related to your Account that are a result of any regulatory inquiry, legal action, litigation, dispute, or investigation, whether such situations occur or are anticipated, that arise or relate to you. As a result, we will be entitled to charge your Account for such costs, including legal and enforcement related costs that we incur. You therefore grant a right of setoff against the Digital Assets held in your Account. Furthermore, you agree that to the extent anticipated or actual actions relate to a Digital Asset in your Account, we have the right to not transfer the Digital Asset out of the Account until the matter is resolved.

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What You Are Not Allowed To Do

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• Except to the extent expressly set out in these terms, you are not allowed to, nor may you allow anyone else to use the Interface or your Account to:
  • access or attempt to access any Service which you have not purchased or subscribed to;
  • interfere with or disrupt the provision of any Service or use any Service in a way that interferes with anyone else’s use of any Service;
  • further any criminal or fraudulent activity or to impersonate another person;
  • ​breach the rights of any person (including, but not limited to rights of privacy and intellectual property rights);
  • ​use or access the Service on behalf of any third party, including (but not limited to) using the Services to hold Digital Assets in your Account which belongs to a third party;
  • ​breach any use guidelines that we may issue from time to time;
  • republish, redistribute or re-transmit the Interface;
  • copy or store the Interface other than for your use as permitted by these terms and as may occur incidentally in the normal course of use of your browser or mobile device;
  • store the Interface on a server or other storage device connected to a network or create a database by systematically downloading and storing any data from the Interface;
  • remove or change any content of the Interface or attempt to circumvent security or interfere with the proper working of the Interface or any server on which it is hosted;
  • use the Interface in a way that might damage our name or reputation or that of any of our affiliates; or
  • otherwise do anything that it is not expressly permitted by these terms.
• All rights granted to you under these terms will terminate immediately in the event that you are in breach of any of them.

• To do anything with the Interface that is not expressly permitted by these terms, you will need to request a separate licence from us, which we may or may not grant at our sole discretion. Please contact us if you wish to discuss this.

• In addition to the above representations, an Organisation, in receiving the Services, represents and warrants that, on an ongoing basis throughout receipt of the Service it:

• is duly organised and validly existing under the laws of the jurisdiction of the Organisation and has full power and authority to enter into these terms and to be bound to them, including as regards performing all actions and obligations under these terms, which therefore constitute valid and legally binding obligations.

• has established and maintains reasonable and effective policies and procedures (including, but not limited to anti-money laundering and prevention of terrorist financing procedures) to ensure that it and any related parties complies with all applicable laws and regulations.

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Third Party Platform Providers And Application Stores

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• Certain third-party platform providers with whose devices and/or operating systems the Interface has been designed to be compatible with oblige us to include certain additional provisions in these terms. These come from the relevant third-party platform providers, not us.

• Third party application stores are operated by the relevant third-party platform providers and/or their affiliates. You must comply with all applicable terms of service, rules and policies applying to any third-party application store from which you download the Interface, as they may be amended from time to time. We are not responsible for these stores or (with the exception of the Interface) for anything provided by them and do not guarantee that they will be continuously available.

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Intellectual Property Rights

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• If you are a consumer we license, but do not sell, to you the Interface you download to use solely for your own personal, non-commercial use. If you are a business user we license, but do not sell, to you the Interface you download to use solely for your own internal business use. We remain the owner of the Interface at all times.

• All intellectual property rights in the Interface and in any content of the Interface (including text, graphics, software, photographs and other images, videos, sound, trademarks and logos), are owned by us or our licensors. Nothing in these terms gives you any rights in respect of any intellectual property owned by us or our licensors and you acknowledge that you do not acquire any ownership rights by downloading the Interface or any content from the Interface.

• The Interface may contain code, commonly referred to as open source software, which is distributed under any of the many known variations of open source licence terms, including terms which allow the free distribution and modification of the relevant software’s source code and/or which require all distributors to make such source code freely available upon request, including any contributions or modifications made by such distributor (collectively, Open Source Software). Please note that, to the extent that the Interface contains any Open Source Software, that element only is licensed to you under the relevant licence terms of the applicable third party licensor (Open Source Licence Terms) and not under these terms, and you accept and agree to be bound by such Open Source Licence Terms. A copy of the source code for any Open Source Software contained in any Interface and the relevant Open Source Licence Terms will be made available to you upon request.

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Interface Features And Content

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• We reserve the right to change the format and features of the Interface by making the updated Interface available for you to download or, where your device settings permit it, by automatic delivery of updates. You are not obliged to download the updated Interface, but we may cease to provide and/or update content to prior versions of the Interface and, depending on the nature of the update, in some circumstances you may not be able to continue using the Interface until you have downloaded the updated version.

• Where the Interface makes content available, you acknowledge that such content may be updated at any time. We reserve the right to cease to provide and/or update content to the Interface, with or without notice to you, if it improves the Services we provide to you, or we need to do so for security, legal or, unless that content is part of a Service you have paid for, any other reasons.

• Whilst we try to make sure that content made available by the Interface which consists of information of which we are the originator, you acknowledge that the Interface may make content available which is derived from a number of sources, for which we are not responsible. In all cases, information made available by the Interface is not intended to amount to authority or advice on which reliance should be placed, and we do not accept any liability for any such reliance on information, even if we are the originator.

• Except as set out in these terms, we make or give no representation or warranty as to the accuracy, completeness, currentness, correctness, reliability, integrity, quality, fitness for purpose or originality of any content of the Interface and, to the fullest extent permitted by law, all implied warranties, conditions or other terms of any kind are hereby excluded and we accept no liability for any loss or damage of any kind incurred as a result of you or anyone else relying on the content of the Interface.

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External Links

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• The Interface may, from time to time, include links to external sites, which may include links to third party offers and promotions. We include these to provide you with access to information, products or services that you may find useful or interesting.

• We are not responsible for the content of these sites or for anything provided by them and do not guarantee that they will be continuously available. The fact that we include links to such external sites does not imply any endorsement of, or association with, their operators or promoters