Terms and Conditions

This agreement is between you and the service operator, Pryvatex. By using any services made available through the Pryvatex website(https://www.Pryvatex.com), API (https://api.Pryvatex.com) or Pryvatex affiliates,you agree that you have read, understood and accepted all of the terms andconditions contained in this Terms of Use agreement, as well as our PrivacyPolicy and Consent Form which have incorporated the General DataProtection Regulation (GDPR) regulation. As this is a legally binding contract,please carefully read through this agreement and related notices before usingany of our Services. By registering, accessing or using Pryvatex, you haveagreed to the terms and conditions as laid out in this User Agreement. Shouldyou disagree to this User Agreement, please proceed to initiate the accountlock function (for existing users) and stop the usage of Pryvatex and any of itsservices.For more information on Pryvatex, you can refer to the company and licenseinformation found on the website. If you have questions regarding thisagreement, please feel free to contact Pryvatex for clarification via ourCustomer Support team. ([email protected]).Agreement ConditionsPryvatex reserves the right to modify or change the terms and conditions ofthe agreement at any time and at its sole discretion. Pryvatex will providenotice of these changes by updating the revised Terms of Use on thewebpage (https://www.Pryvatex.com/Terms-of-Use) and changing the “[Lastrevised: ]” date on this page. Any and all modifications or changes to theTerms of Use will be effective immediately upon being announced on thewebsite or released to users. As such, your continued use of Pryvatex’sservices acts as acceptance of the amended agreement and rules.EligibilityBy registering to use a Pryvatex Account, you have affirmed that you are atleast 18 years old and are an individual, legal person or other organizationwith full legal capacity to enter into this User Agreement between you andPryvatex. If you are not, you and your guardian shall undertake allconsequences resulting from your actions and Pryvatex shall have the right tocancel or freeze your account in addition to filing claims against you and yourguardian for compensation.Prohibition of useBy accessing and using Pryvatex and any of its services, you acknowledgeand declare that you are not on any trade or economic sanctions lists, suchas the UN Security Council Sanctions list or OFAC (Office of Foreign Assets Control of the U.S. Treasury Department). Pryvatex maintains the right toselect its markets and jurisdictions to operate and may restrict or deny itsservices to certain countries. The content of this Agreement shall not beexcluded from the laws of the country under which the user belongs. Pryvatexmaintains its stance that prohibited users are not to use or access Pryvatexand any of its services.Description of servicesPryvatex provides an online digital asset trading platform (crypto to crypto)for products commonly known as cryptographic tokens, digital tokens orcryptographic currency. Pryvatex does not provide fiat trading capabilities onits platform and as such is not subjected to the stringent regulations thatcome with it. Pryvatex functions as a trading platform provider and is not abuyer or seller in trades made between traders. Pryvatex is also not a marketmaker. Traders must register and open an account with Pryvatex and depositdigital assets prior to commencement of trading. Traders may request thewithdrawal of their digital assets, subject to the limitations as stated in theTerms and Conditions.Pryvatex strives to maintain the accuracy of information posted on its websitehowever it cannot guarantee the accuracy, suitability, reliability,completeness, performance or fitness for purpose of the content through thewebsite, and will not accept liability for any loss or damage that may arisedirectly or indirectly from the content. Information on Pryvatex website canbe subjected to change without notice and is provided for the primarypurpose of facilitating users to arrive at independent decisions. Pryvatex doesnot provide investment or advisory advice and will have no liability for theuse or interpretation of information as stated in its website or othercommunication mediums. All users of Pryvatex must understand that thereare risks involved in trading. Pryvatex encourages all users to exerciseprudence and trade responsibly within their own means.While Pryvatex emphasises platform security to ensure the continuity andsecurity of its services (announcements will be made in event ofdowntime/maintenance), it will be non-accountable to Act of God, malicioustargeted hacking, terrorist attacks and other unforeseen circumstances.Pryvatex reserves the right to cancel, rollback or block transactions of all typeon its platform in event of abnormal transactions. Pryvatex will not ask forany password from its users nor ask users to transfer funds that are not listedon its trading platform. Users are encouraged to exercise prudence in dealingwith discounts or promotions that could lead to them getting scammed. Whilethe list is non-exhaustive, you agree that Pryvatex will not be heldresponsible for any losses arising from the situations stated above.By using Pryvatex and any of its services, you declare that all information toPryvatex in connection with these Terms are true, accurate and complete. Pryvatex Account Registration & RequirementsRegistrationAll users must register (https://www.Pryvatex.com) for a Pryvatex Accountbefore using the site. To register for an account, you must provide your realname, email address and password, as well as accept the Terms of Use,Privacy Policy and Consent Form. Depending on certain conditions and in oursole discretion, we may refuse to open an account for you.User Identity VerificationWith registration of an account on Pryvatex, you agree to share personalinformation requested for the purposes of identity verification. Thisinformation is used specifically for the detection of money laundering,terrorist financing, fraud and other financial crimes on the Pryvatex platform.In addition to providing this information, to facilitate compliance with globalindustry standards for data retention, you agree to permit us to keep a recordof such information for the lifetime of your account plus 5 years beyondaccount closing. You also authorise us to make inquiries, either directly orthrough third parties, that are deemed necessary to verify your identity or toprotect you and/or us against financial crimes such as fraud.The Identity Verification information we request may include, but is notlimited to, your: Name, Email Address, Contact Information, TelephoneNumber, Username, Government Issued ID. In providing this requiredinformation, you confirm that it is accurate and authentic. Post-registration,you must guarantee that the information is truthful, complete and updated ina timely manner with any changes. If there is any reasonable doubt that anyinformation provided by you is wrong, untruthful, outdated or incomplete,Pryvatex shall have the right to send you a notice to demand corrections,remove relevant information directly and, as the case may be, terminate allor part of Pryvatex Service to you. You shall be solely and fully responsible forany loss or expenses incurred during the use of Pryvatex Service if youcannot be reached through the contact information provided. You herebyacknowledge and agree that you have the obligation to keep all informationprovided up to date if there are any changes.Account Usage RequirementsPryvatex accounts can only be used by the person whose name they areregistered under. Pryvatex reserves the right to suspend, freeze or cancelaccounts that are used by persons other than the persons whose names theyare registered under. Accordingly, Pryvatex will not take legal responsibilityfor these accounts.Account SecurityPryvatex prioritizes maintaining the safety of those user funds entrusted to usand has implemented industry standard protections for our platform. With that said, there are account-level risks that are created by individual useractions. We request that you understand the need to independently takesafety precautions to protect your own account and personal information.You shall be solely responsible for the safekeeping of your Pryvatex accountand password on your own, and you shall be responsible for all activitiesunder your log-in email, Pryvatex account and password (including but notlimited to information disclosure, information posting, consent to orsubmission of various rules and agreements by clicking on the website, onlinerenewal of agreement, etc.).You hereby agree that:(a) you will notify Pryvatex immediately if you are aware of anyunauthorized use of your Pryvatex account and password by anyperson or any other violations to the security rules;(b) you will strictly observe the security, authentication, dealing,charging, withdrawal mechanism or procedures of the website/service;and(c) you will log out from the website by taking proper steps at the endof every visit.Pryvatex will not be responsible for any loss or consequences causedby your failure to comply with the above Account Security provision.Dispute ResolutionPryvatex reserves the right to resolve issues and disputes at its solediscretion. Some issues include infringement of others’ rights, violation oflaws and regulations, abnormal trades and others not explicitly mentioned inthe Terms. Users agree to bear the costs arising from the process of disputeresolution.Guidelines for usage of services on PryvatexYou hereby agree to observe the following covenants during your use ofservices on Pryvatex:All the activities that you carry out during the use of PryvatexService will be in compliance with the requirements of applicablelaws, regulations, as well as the various guidelines of Pryvatex, will not be in violation of public interests, public ethics or other’slegitimate interests,will not constitute evasion of payable taxes or fees and will notviolate this agreement or relevant rules.If you violate the foregoing promises and thereby cause any legalconsequence, you shall independently undertake all of the legal liabilities inyour own name and indemnify Pryvatex from all actions, claims, or costsarising from such violation. You will not use any data or information displayedon the site for commercial purposes without the prior written consent ofPryvatex. You will use the site in accordance with the Terms of Use andPrivacy Policy, without taking acts of unfair competition nor attempting tointervene with the normal operation of Pryvatex. Examples of such maliciousacts include, but are not limited tousing a device, software or subroutine to interfere with the siteoverloading network equipments with unreasonable data loading requestsexecuting malicious sales or purchases on the marketBy accessing the Pryvatex Service, you agree that Pryvatex shall have theright to unilaterally determine whether you have violated any of the abovecovenants and take actions to apply relevant rules without receiving yourconsent or giving prior notice to you. Examples of such actions include, butare not limited toblock and close order requestsfreezing your accountreporting the incident to authoritiespublishing the alleged violations and actions that have been takendeleting any information you published that is in violationIf your alleged violation causes any losses to a third party, you shall solelyundertake all the legal liabilities in your own name and hold Pryvatexharmless from any loss, fine or extra expenses. If, due to any allegedviolation Pryvatex incurs any losses, is claimed by any third party forcompensation or suffers any punishment imposed by any administrativeauthorities, you shall indemnify Pryvatex against any losses and expensecaused thereby, including reasonable attorney’s fee.Service feesPryvatex reserves the rights to levy service fees on users who use itsservices. It is in the discretion of Pryvatex to adjust the servce fees chargedto users using its services. LiabilityProvision of ServicePryvatex will provide Pryvatex Service at an “as is” and “commerciallyavailable” condition, and does not offer any form of warranty with regards tothe Service’s reliability, stability, accuracy and completeness of thetechnology involved. Pryvatex serves merely as a venue of transactionswhere coin-related information can be acquired and coin-related transactionscan be conducted. Pryvatex cannot control the quality, security or legality ofthe coin involved in any transaction, truthfulness of the transactioninformation, or capacity of the parties to any transaction to perform theirobligations under the rules. You must carefully consider the associatedinvestment risks, legal status and validity of the transaction information andinvestment decisions prior to your use of the Pryvatex Services provided.Limitation of LiabilityYou acknowledge and agree, Pryvatex shall not be liable for any of yourlosses caused by any of the following events, including but not limited to:Losses of profits, goodwill, usage or data or any other intangible lossesUse or failure to use Pryvatex ServiceUnauthorized use of your account or unauthorized alteration of yourdata by third partiesYour misunderstanding of Pryvatex ServiceAny other losses related to Pryvatex Service which are not directlyattributable to PryvatexIn no event shall Pryvatex be liable for any failure or delay of service resultingfrom regular network maintenance or external factors such as power failure,natural disaster, service provider-side problems or governmental acts.IndemnificationYou agree to indemnify and hold harmless Pryvatex, its affiliates, contractors,licensors, and their respective directors, officers, employees and agents fromand against any claims and damages (including attorneys’ fees, fines orpenalties imposed by any regulatory authority) arising out of your breach orour enforcement of this Agreement. This shall also apply to your violation ofany applicable law, regulation, or rights of any third party during your use ofthe Pryvatex Service. AnnouncementsPlease be aware that all official announcements, news, promotions,competitions and airdrops will be listedonhttps://www.Pryvatex.com/Announcementswhere we urge all users to refer toregularly. Pryvatex will not be held liable or responsible in any manner ofcompensation should users incur personal losses arising from ignorance ornegligence of the announcements.Termination of AgreementYou agree that we have the right to immediately suspend your account (andany accounts beneficially owned by related entities or affiliates), freeze orlock the funds in all such accounts, and suspend your access to Pryvatex ifwe suspect any such accounts to be in violation of the Terms of Service,Privacy Policy, AML/CTF acts or any applicable laws & regulations. Pryvatexshall have the right to keep and use the transaction data or other informationrelated to such accounts. The above account controls may also be applied inthe following cases:The account is subject to a governmental proceeding, criminalinvestigation or other pending litigationWe detect unusual activity in the accountWe detect unauthorized access to the accountWe are required to do so by a court order or command by aregulatory/government authorityIn case of any of the following events, Pryvatex shall have the right to directlyterminate this agreement by cancelling your account, and shall have the rightto permanently freeze (cancel) the authorizations of your account onPryvatex and withdraw the corresponding Pryvatex account thereof:after Pryvatex terminates services to you,you allegedly register or register in any other person’s name asPryvatex user again, directly or indirectly;the main content of user’s information that you have provided isuntruthful, inaccurate, outdated or incomplete;when this agreement (including the rules) is amended, you expresslystate and notify Pryvatex of your unwillingness to accept the amendedservice agreement;any other circumstances where Pryvatex deems it should terminate theservices.Should the account be terminated, the account & transactional informationrequired for meeting data retention standards will be securely stored for fiveyears. In addition, if a transaction is unfinished during the account termination process, Pryvatex shall have the right to notify your counterpartyof the situation at that time.Remaining funds after account termination (normal)Once the account is closed/withdrawn, all remaining balance (which includescharges and liabilities owed to Pryvatex) on the account will be payable atonce to Pryvatex. Upon payment of all outstanding charges to Pryvatex (ifany), the user will have 5 working days to withdraw all funds from theaccount.Remaining funds after account termination (fraud/AML/violation of terms)Pryvatex maintains full custody of the funds and user data/information whichmay be turned over to the authorities in event of account suspension/closurearising from fraud investigations, AML investigations or violation of Pryvatex’sTerms (eg. trading on Pryvatex from a sanctioned country).Compliance with local lawsIt is the responsibility of the user to abide by local laws in relation to the legalusage of Pryvatex in their local jurisdiction. Users must also factor, to theextent of their local law all aspects of taxation, the withholding, collection,reporting and remittance to their appropriate tax authorities. All users ofPryvatex and any of its services acknowledge and declare that the source oftheir funds come from a legitimate manner and are not derived from illegalactivities. Pryvatex maintains a stance of cooperation with law enforcementauthorities globally and will not hesitate to seize, freeze, terminate theaccount and funds of users which are flagged out or investigated by legalmandate.Privacy PolicyPryvatex may announce and amend its privacy policy on the platform ofPryvatex from time to time and the privacy policy shall be an integral part ofthis Usage Agreement. The latest version of the Privacy Policy which hasincluded the GDPR can always be found here on this page(https://www.Pryvatex.com/PrivacyPolicy.html).Indemnity and disclaimerYou agree to indemnify Pryvatex and its entirety of affiliates and hold themharmless from and against all third party claims except from Pryvatex’sbreach of these Terms. As mentioned in description of services, Pryvatex strives its best to maintain the data integrity on its site but does notguarantee the information and services provided in its platform. Pryvatex willnot be liable for errors arising from the use of its services.ComplaintsIf you have any complaints, feedback or questions, kindly contact [email protected] we will in our best efforts try to resolve it for you.