Legal.

Terms and Conditions

Effective Date: July 1st, 2021

Legal Documents

Please read this Terms and Conditions (the “Terms”) carefully as they form a binding legal agreement between you and Purecoin OU, an Estonian company with the address at Kesklinna linnaosa, Laeva tn 2, 10111б Tallinn, Estonia (“Purecoin” or “we” and its derivatives) and its Affiliates or Group Companies (if applicable). For the avoidance of doubt, any references to Purecoin should include references to its Affiliates or Group Companies (if applicable).

 

Introduction and disclaimers

These are the general terms and conditions of using the services of Purecoin. By signing up through our website you agree that you have read, understood, and accept all of the Terms so in compliance with Terms and with applicable laws and regulations. You are solely responsible for understanding and complying with any and all laws, rules and regulations of Your specific jurisdiction that may be applicable to You in connection with the use of any and all Services.

If you do not agree or fail to adhere to the terms and conditions or any other rules of any of the services, you are not entitled to use the services.

You undertakes not to use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking. You are responsible for any and all damages caused and all liability actions brought against Purecoin for infringement of any third party rights or violation of any applicable laws.

You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.

By using the Purecoin Services*, you agree to comply with these terms of use. Please check this page each time you use our website, as we may update these terms from time to time. The use of certain Purecoin Services may be subject to additional terms and conditions which you will be asked to read and accept at the relevant time. To the extent of any inconsistency with these terms, the terms of those Purecoin Services will apply to those Services and any matters connected with them. These terms, together with any additional terms and conditions, set out the basis of which Purecoin provides access to the Purecoin Services.

* Purecoin services performed or provided by the application and/or site are provided “as is” and “as available,” with all faults and without warranty of any kind, and Purecoin hereby disclaims all warranties and conditions with respect to the application, site and any services, either express, implied, or statutory, including, but not limited to, the implied warranties and/or conditions of merchantability, of satisfactory quality, of fitness for a particular purpose, of accuracy, of quiet enjoyment, and of noninfringement of third-party rights. no oral or written information or advice given by Purecoin or its authorized representative shall create a warranty. should the application, site or services prove defective, you assume the entire cost of all necessary servicing, repair, or correction. some jurisdictions do not allow the exclusion of implied warranties or limitations on applicable statutory rights of a consumer, so the above exclusion and limitations may not apply to you.

General and Wallet

These are the general terms and conditions of using the services of Purecoin. By signing up through our Website or Apps you agree that you have read, understood, and accept all of the Terms. If you do not agree or fail to adhere to the terms and conditions or any other rules of any of the services, you are not entitled to use the services.

The Website and the Services offered by Purecoin are NOT ADDRESSED TO AND MAY NOT BE USED BY:

persons who DO NOT have their citizenship or their legal place of residence in any of the contracting states of the European Economic Area, except the Netherlands; and natural persons who are NOT at least 18 years of age.

1. What terms and definitions do we use?

As used in these Terms, including the preamble hereof, unless expressly otherwise stated or evident in the context, the following capitalized terms and expressions shall have the following meanings:

Account – the account opened with Purecoin by a User, using which the User can access the Services;

Apps – the web, Android and iOS mobile apps of Purecoin, which give access to the Services;

Business Account– the account opened with Purecoin by a User, who is a legal person, using which the User can access and use the specific and limited Services, which are shown in the Apps;

Cash Management – cryptoasset service for Purecoin account and card holders provided by Purecoin, whereby the eligible User is rewarded for buying supported cryptocurrencies from Purecoin and allowing these to be deposited on Crypto Interest Account;

Conversion Rate – the price or exchange rate of one unit of a given supported cryptocurrency quoted in the Apps and on the Website in terms of a specified Fiat currency or another supported cryptocurrency composing of Rate Reference and conversion fee as described in Fees and Limits;

Conversion Service – regulated service of cryptocurrency conversion (for which Purecoin has been issued a license by the Estonian Financial Intelligence Unit, no FVT000059) through which Users can buy supported cryptocurrencies from Purecoin, in exchange for specified Fiat currencies and other supported cryptocurrencies and specified Fiat currencies from Purecoin, in exchange for supported cryptocurrencies, including the services of Market Order, Limit Order and Stop Order, and Cash Management;

Crypto Interest Account – custodial omnibus wallet operated either by BlockFi, Inc. or Cybavo, Inc. where Purecoin deposits supported cryptocurrencies on behalf of customers for the purpose of earning and redistributing staking reward, i.e. interest;

Custodian – the person who holds and is responsible for the safekeeping of the cryptocurrencies and/or tokens (including the Tokens) transferred to or held in the Wallet by the User, who at the date of these terms and conditions is Cybavo;

Debit Card – Mastercard debit card connected to the Purecoin Account as described in Appendix A “Purecoin Card User Agreement”, in Appendix B “Mastercard Card Terms & Conditions” and in Appendix C “Pure. Card in Digital Wallets”.

Fees and Limits – full list of fees and limits of Services as described in chapter Fees and Limits;

Fiat – currency that has been declared as legal tender by a government and is regulated by a central financial institution, i.e. the euro;

Instant Deposit – Service allowing Users to add funds to their Fiat Account instantly by using their EEA-issued credit or debit card (limited up to 3 different cards) with the fee described in Fees and Limits;

Limit Order – Service, whereby User submits an instruction to complete the transaction in the future when the price of the supported cryptocurrency has been risen above the Rate Reference set by the User has been reached;

Market Order – Service, whereby User submits an instruction to complete the transaction immediately;

Party – each of the User and Purecoin;

Purecoin – Purecoin OÜ, an Estonian public limited company registered under registry code 14929082, Kesklinna linnaosa, Laeva tn 2, 10111б Tallinn, Estonia.

Purecoin Account – electronic money account as described in chapter Purecoin Account and Debit Card;

Rate Reference – the price of one unit of a supported cryptocurrency in terms of a specified Fiat currency or another supported cryptocurrency, which is based on the lowest ask price for buying or the highest bid price for selling a cryptocurrency on the exchange operated by Payward, Inc., adjusted by market depth.

Services – services provided by Purecoin and/or Purecoin OÜ to the Users, including the Wallet and the Conversion services;

Stop Order – Service, whereby User submits an instruction to complete the transaction in the future when the price of the supported cryptocurrency has been fallen below the Rate Reference set by the User;

Taxes ‒ taxes, levies, duties or similar governmental assessments of any nature, including, for example, value-added, sales, use or withholding taxes, assessable by any jurisdiction whatsoever;

Terms – these Terms and Conditions including all the chapters, as amended from time to time;

User – anyone who uses the Website, Apps and/or Services provided by Purecoin. References to “you” and “your” mean references to the User;

Wallet ‒ User’s cryptocurrency wallet, which can be accessed via the Website or the Apps, and which is a regulated service (for which Purecoin has been issued a license by the Estonian Financial Intelligence Unit, no FVT000059), as further described in section 6 below, including the Services of Cryptocurrency withdrawal and Cryptocurrency deposit;

Website – websites located at www.purecoin.app and at all subdomains.

2. What are the conditions for opening the Account?

2.1. To use any of the Services, which might be provided for a fee as stated in Fees and Limits, you must open the Account and any such use must be done through the Account. One digital identity associated with the Account will be used for accessing all Services.

2.2. Each User must be at least 18 years of age to register for an Account or to use any of the Services.

2.3. We reserve the right to unilaterally decide whether to open an Account and/or whether to provide Services to any persons and shall have no obligation to justify or outline the reasons for any rejection.

2.4. All information that you provide to us at any time (including but not limited to the information provided upon the opening of the Account) must be accurate, current and complete and may not be misleading in any respect. We may, from time to time, request such information to be provided and/or updated, in which case you are required to provide us with the information without delay. If you are unable or unwilling to provide or update such information or it is incorrect, we have the right to deny opening the Account, close the Account and/or restrict the usage of the Services.

2.5. You acknowledge that using the Services is limited to the amounts as described in Fees and Limits.

2.6. By opening an Account and using the Services, each User fully acknowledges that Purecoin does not provide to the User any investment service or advice. Each User fully acknowledges that any information, product or service provided by us on our Website or Apps is not considered investment advice or recommendation, and independent professional advice should be sought where appropriate.

2.7. To open a Business Account the legal person should fit one the following:

2.7.1 All of the members of the board and the beneficial owners of the legal person must at all times be our Users as natural persons, who have successfully transferred Fiat funds onto their Account, and whose Account(s) have not been closed; or

2.7.2 The legal person, all of the members of the board and the beneficial owners of the legal person must comply with the identification procedure specified in Section 7.

In all cases the legal person should designate representative who is a natural person aged 18 years of age or older with sufficient capacity and authority to accept these terms.

The legal person is solely responsible that access to or use of the Purecoin Platform does not violate any laws applicable to such legal person.

3. What are the risks?

3.1. By using the Services you acknowledge that various types of risks are involved, including but not limited to risks relating to the fluctuation of the value of any assets related to the Services (including Purecoin Tokens), technical imperfections of Purecoin Tokens, other cryptocurrencies, the Website and the Apps, regulatory uncertainties, and risks related to our operations and financial viability. As our Users are taking risks and are exposed to them through our Services, we strongly recommend and encourage you to learn and gain a sufficient understanding of the risks involved prior to using our Services.

3.2. We encourage you to consult with a financial advisor or other appropriate professional prior to starting to use the Services.

4. What are the restrictions of using the Services?

4.1. Purecoin administers and operates the Website and Apps from its location in Estonia. Although the Website and Apps are accessible worldwide, not all features, products or services discussed, referenced, provided or offered through or on our Website or Apps are available to all persons or in all geographic locations, nor are they appropriate or available for use outside Estonia.

4.2. We reserve the right to limit, in our sole discretion and without providing any justification related thereto, the provision and quantity of any feature, product or Service to any person or geographic area. Purecoin specifically states that it reserve the right to refuse to provide services in a case of Purecoin becomes aware of Prohibited Articles and Transactions. Purecoin specifically states that it reserve the right to refuse to provide services to the Users registered, domiciled or otherwise related to the Prohibited Countries.

4.3. Any offer for any feature, product or Service made through or on our Website or Apps is void where prohibited.

4.4. By choosing to access the Website or download or access any of the Apps from outside Estonia, you are solely responsible for complying with applicable local laws.

For the purposes of this Section 4:

Prohibited Articles and Transactions means: (1) drug paraphernalia or narcotics, steroids, certain controlled substances or other products that present a risk to consumer safety, (2) stolen goods including digital and virtual goods or which encourage, promote, facilitate or instruct others to engage in illegal activity (3) the promotion of hate, violence, racial intolerance or the financial exploitation of a crime, (4) items that are considered obscene, (5) items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under Applicable Laws, (6) ammunition, firearms, certain firearm parts or accessories, or certain weapons or knives regulated or prohibited under Applicable Laws; (7) are associated with purchases of annuities or lottery contracts, lay-away systems, offshore banking or transactions to finance or refinance debts funded by a credit card, (8) are for the sale of certain items before the seller has control or possession of the item, (9) are associated with the sale of traveller’s checks, money orders, money transfers, MoneySend Intracountry, MoneySend Intercountry or MoneySend Funding, (10) involve certain credit or debt settlement services, credit transactions or insurance activities, (11) involve offering or receiving payments for the purpose of bribery or corruption; (12) involve gambling activities; (13) massage parlours, (14) timeshares; or (15) chemicals and allied products not elsewhere classified.

Prohibited Countries means any of the following: Afghanistan, Democratic People’s Republic of Korea, Democratic Republic of Congo, Eritrea, Libya, Somalia, South Sudan, Sudan, Yemen, Iran, Iraq, Cuba, Syria, Mali, Central African Republic, Guinea-Bissau, Lebanon or any other country which (or with any other persons who) is sanctioned by the United Nations Security Council, or under applicable laws of your country of residence.

5. How to keep the Account safe and secure?

5.1. You are responsible for maintaining adequate security and control of any and all login IDs, passwords, private keys, personal identification numbers (PINs), and any other codes or devices which are intended to or can otherwise be used to access the Account and/or use the Services.

5.2. You must prevent unauthorized access to the Account and unauthorized use of the Services, your account credentials or private keys, and must promptly notify us of any such unauthorized access or use.

5.3. In the event of an investigation of any suspected unauthorized access to the Account or use of the Services you must fully and timely cooperate with us in order to successfully solve the issue.

5.4. You are solely responsible, and to the maximum extent permissible under applicable legal acts, and we will have no liability, for any activity that takes place on your Account if the Account has been accessed with your account credentials, regardless of whether or not you authorized such access.

6. What is the Wallet service?

6.1. We provide the service of a cryptocurrency wallet pertaining to your Wallet. The Wallet service entails enabling you to interface with certain cryptocurrency networks listed in the Apps and on our Website, and if applicable to view and transmit information about public cryptographic keys. We have the right to unilaterally decide and change the cryptocurrencies which can be stored in the Wallet using the Wallet service or converted using the Conversion Service.

6.2. Upon using the Wallet service in addition to adhering to these Terms you agree to fully abide by the terms and conditions of the Custodian.

6.3. We are not a custodian of any cryptocurrency and/or tokens (including the Tokens) transferred to or held in the Wallet. All cryptocurrencies and tokens (including the Tokens) are held by the Custodian. We reserve the right to change the Custodian at any time, without prior notification or justification thereto. To the maximum extent permissible under applicable legal acts, we assume no liability for any possible damages caused by the Custodian.

6.4. Upon the creation of the Account, the Wallet is automatically created for you, together with a public key, which serves as the address of the Wallet. We have the sole right to decide at our own discretion whether or not to disclose that public key to you and we may at any time, and without any prior notice, not disclose the public key to you.

6.5. To transmit information concerning the Account to the relevant cryptocurrency network (i.e. to carry out a transaction with cryptocurrency), two private keys (out of three private keys in total) are required. One of such private keys is held by us, the other by the Custodian and the third is held by a third-party backup service provider.

6.6. You are solely responsible for the safekeeping of the third private key. Should you appoint a third party to control your private key, whether or not such appointment is made through the Website or the Apps, we will not be responsible for the actions or omissions of such third party.

6.7. We do not own or control the underlying software protocols which govern the operation of cryptocurrencies held in the Wallet. Such protocols are subject to changes in protocol rules, which are outside our control and may materially affect the value, function, or name of the relevant cryptocurrency. You acknowledge and agree that:

6.7.1. we are not responsible for operation of the underlying cryptocurrency protocols and that we make no guarantee of their functionality, security, or availability; and

6.7.2. if a change in the software protocol related to the cryptocurrency occurs, we may suspend the Wallet service, and may decide not to provide Wallet service for the cryptocurrency being affected or may configure the Wallet service to enable you to transfer the affected cryptocurrency.

6.8. While using the services of Cryptocurrency withdrawal and Cryptocurrency Deposit, you are only able to transfer supported cryptocurrencies, which are stated in the Apps and on the Website, e.g. BTC and ETH.

6.9. Due to the nature of distributed ledger technology and blockchains you acknowledge that while using the services of Cryptocurrency withdrawal and Cryptocurrency deposit none of the transactions, which have been confirmed and added to the respective main ledger, cannot be reversed and you are fully liable for the transactions you have confirmed and ordered us to process.

6.10 Due to the nature of blockchain protocols and the lack of advance knowledge of the network, gas or similar fees, Purecoin is unable to determine the exact Cryptocurrency withdrawal fee before the specific transaction has been confirmed by miners. The Cryptocurrency withdrawal fee shown to you in the Apps is automatically calculated by Purecoin after every 5 minutes by taking into account the concurrent price of the specific network, gas or similar fee and the relevant price predictions, regardless of the priority in the memory, transaction or other similar pool. While using the service of Cryptocurrency withdrawal, you agree to pay the specific Cryptocurrency withdrawal fee shown to you in the Apps by confirming the Cryptocurrency withdrawal in your email or in the Apps.

7. What are the customer due diligence measures?

7.1. In order to manage the risk of money laundering and terrorist financing, and to abide by the statutory obligations applicable to us and to you for using our Services, we and you are obliged to follow certain principles of customer due diligence, as further specified in this section.

7.2. You are not allowed to use the Services nor the Wallet for any activities which are related to or facilitate money laundering, terrorist financing or any illegal activity whatsoever.

7.3. We reserve the right to, at any time:

7.3.1. identify you;

7.3.2. request from you any documents, either as originals or as copies and information (including personal), which we consider appropriate and/or relevant for the identification or for the mitigation of money laundering and terrorist financing risks;

7.3.3. regularly control your data and documents which are used for identification and/or for the mitigation of money laundering and terrorist financing risks;

7.3.4. transfer and disclose any information and documents received in accordance with this section to any and all governmental authorities and other persons to whom we are obliged to transfer and disclose information and documents in accordance with applicable legal acts;

7.3.5. transfer and disclose any information and documents received in accordance with this section to any and all third-party service providers, which we use to fulfil our obligations related to client identification and money laundering and terrorist financing prevention; and

7.3.6. transfer and disclose any information and documents received in accordance with this section to the Custodian.

7.4. You acknowledge that we may upon the fulfilment of our obligations related to client identification and money laundering and terrorist financing prevention use the services of third-party service providers, and you hereby grant an irrevocable and unconditional consent to such use of third-party service providers and the transfer and disclosure of information to such third-party service providers.

7.5. You acknowledge that we may transfer and disclose to the Custodian any information and documents referred to in this section for the purpose of allowing the Custodian to fulfil their obligations related to client identification and money laundering and terrorist financing prevention, and you hereby grant an irrevocable and unconditional consent to such transfer and disclosure of information.

7.6. You are obliged to immediately inform us in writing of any information that might be relevant in accordance with this section and/or changes to the provided information and documents, inter alia:

7.6.1. change of your name, address or other contact information;

7.6.2. change of data regarding your identity document;

7.6.3. the fact that you are or no longer are a politically exposed person and/or a relative or a close associate of one; and

7.6.4. loss or theft of your identity document or credentials used for Purecoin Account or Services.

7.7. You are obliged to inform us in writing of any other information which might be relevant in relation to client identification and money laundering and terrorist financing prevention, immediately after becoming aware of such information.

7.8. You are obliged to fully and timely cooperate with us upon the gathering of information and documents referred to in this section, as well as the fulfilment of any other obligations we have in relation to client identification and money laundering and terrorist financing prevention under applicable legal acts. Should you refrain from cooperation with us in accordance with this section, we have the right or legal obligation to:

7.8.1. stop the provision of any Services;

7.8.2. block the Account and limit your access to the Website and the Apps;

7.8.3. withhold any payments made by or to you in relation to the Services; and/or

7.8.4. close the Account.

7.9. In addition to clause 7.8, we reserve the right to block the usage of your Account and limit your access to the Website and the Apps, when we suspect that:

7.9.1. the Account is being used by any person other than you;

7.9.2. an offence is being committed, using the Account; and/or

7.9.3. any of the information or documents provided by you to us or our third-party service providers may be untrue, and you do not provide sufficient and/or satisfactory evidence, proving the correctness of the information and documents.

7.10. To the maximum extent permissible under applicable legal acts, we assume no liability for any losses or damages caused to you or any other persons by the actions provided for in this section.

8. How to close the Account?

8.1. You have the right to close your Account at any time, provided that you have no obligations towards us nor the Custodian. From the moment of closing the Account, you shall not be entitled to use any of the Services.

8.2. In addition to specific circumstances described elsewhere in these Terms, we reserve the right to close your Account:

8.2.1. without any justification, by giving you an advance notice of at least 14 days and refunding you the market value of any assets which you have in the Wallet, for which such services have not yet been provided and cannot be provided after the closing of the Account;

8.2.2. in case you breach: (i) these Terms; (ii) the terms and conditions of the Wallet Custodian; or (iii) any other terms and conditions of the Services or otherwise binding on you, without giving any notice in advance; and/or

8.2.3. in case closure of the Account is required by a competent authority, without giving any notice in advance.

8.3. If we have closed your Account without giving any notice in advance the cryptocurrencies held at your Account shall be automatically converted into specified Fiat funds by us and transferred to your bank account from which a payment had been previously made in accordance with the law.

8.4. Once an Account has been closed, it cannot be re-opened in the future.

9. What are the liabilities of the Parties?

9.1. You are liable for and shall compensate Purecoin any and all damages (including the loss of profits), which arise from your activities.

9.2. We are liable for and shall compensate you only direct monetary damages (and for the avoidance of doubt, no indirect damages or loss of profits) and only on the condition that such damages are caused to you by us either intentionally or due to gross negligence.

9.3. Our liability is reduced by the amount equal to the damages which you could have been avoided by taking reasonable efforts.

9.4. In addition to the limitations described elsewhere in these Terms, to the maximum extent permissible under applicable legal acts, we assume no liability for any damages caused by third parties (including but not limited to the Custodian) or by circumstances outside our control (including but not limited to volatility of cryptocurrencies).

9.5. “You shall be fully responsible for any losses, expenses or other costs, including legal fees, incurred by Purecoin and its affiliates (as well as our respective officers, directors, agents, employees and representatives) which are caused by your conduct in relation to or arising out of your use of the Purecoin Services, your Purecoin Account or a breach of these terms whether by you or another person, where this conduct is intentional, reckless or negligent.

If we, or any of our affiliates or group companies, are subject to a claim by any third party due to your conduct, we may recover against you any and all losses, expenses or other costs incurred by us as a result of any such claim.

Nothing in these Terms and Conditions shall operate to exclude liability for death or personal injury due to negligence or for fraud or fraudulent misrepresentation or for any statutory liability that cannot be excluded or amended by agreement between the parties”.

10. What about information technology and intellectual property?

10.1. Unless otherwise stated, all materials including, but not limited to, logos, brand names, designs, images, photographs, video clips, written are copyrights, trademarks, service marks, and any other forms of intellectual property present in the Services or displayed in connection with the Services (e.g. in the Website), protected by registration or not, are owned by or licensed to us. The foregoing also applies towards any software solutions or parts of it, programs and code present in the Service.

10.2. We grant you a limited, non-exclusive, not sub-licensable licence to access and use the materials, as specified in this section of these Terms, for your personal use, as required for the use of Services.

10.3. You are not allowed to sell, distribute, publicly display, modify, otherwise alter or make any derivative use of the materials, as specified in this section, or any portion thereof, unless you have been granted an express and written prior permission to do so by us.

10.4. The licence granted under this section will automatically terminate upon the closing of the Account. Thereafter you are no longer allowed to access or use any part of the material belonging to us.

10.5. In case your actions or activities conducted in connection with the Service or while using the Service (including but not limited, through providing us feedback or leaving any comments addressed us) amount to copyright protected work under applicable legislation, you will automatically grant to us, from the moment of the creation of such work, a non-exclusive, world-wide, sub-licensable, free-of-charge licence, which is valid until the copyright is protected under applicable legislation, in relation to such work.

10.6. As stated in this section, we retain full ownership and/or exclusive licence of any software, program, code or parts of it. The foregoing might be protected by security measures, which you are not authorized to change, disseminate, hack or alter in any way.

11. Are there any other legal matters you should consider?

11.1. It is your sole responsibility to determine whether, and to what extent, any Taxes apply to any transactions you conduct through the Apps and Website or are associated with the Services, and to withhold, collect, report and remit the correct amounts of Taxes to the appropriate tax authorities. Your transaction history is available through the Apps. The fees collected by us do not include any Taxes.

11.2. We may unilaterally amend these Terms without providing any advance notice or justification thereto. Any amendments to the Terms shall take effect as of uploading them to the Website and making them accessible in the Apps.

11.3. Our failure to exercise or enforce any right or provision of these Terms will not constitute a waiver of that right or provision.

11.4. If any part of these Terms is held to be invalid or unenforceable, such determination shall not invalidate any other provision of these Terms.

11.5. You agree that we may assign these Terms (either collectively or each right and/or obligation separately, as decided by us) to our parent company, affiliate or subsidiary without your consent. You may not assign any rights or obligations you have under these Terms without our prior written approval.

11.6. These Terms are governed by the laws of Estonia. Any dispute, controversy or claim arising out of or in connection with these Terms, or the breach, termination or invalidity hereof, which the Parties have failed to solve by negotiations will be settled in Harju County Court.

Rights to Set Off

Purecoin entitled to be compensated by you, including but not limited to a technical errors in your favour, when you have a negative balance on your account, or when you use the Services in such a way that violates the Terms. In such cases, Purecoin shall be entitled to recover any sum due to Purecoin by retaining some or all of your available funds or balances that you have stored in your Purecoin Account or cryptoassets you have bought through the Services, regardless of what currency or cryptoassets those balances are held in.

Where necessary, Purecoin will convert currencies and cryptoassets at the applicable exchange rate.

Application Store Provision

1. This section applies where the App has been acquired from the Apple App Store. You acknowledge and agree that the Terms are solely between you and Purecoin, not Apple, Inc. (“Apple”) and that Apple has no responsibility for the App or content thereof. Your use of the App must comply with the App Store Terms of Service.

You acknowledge that Apple has no obligation whatsoever to furnish any maintenance and support services with respect to the App. In the event of any failure of the App to conform to any applicable warranty, you may notify Apple, and (where applicable) Apple will refund the purchase price for the App to you; to the maximum extent permitted by applicable law, Apple will have no other warranty obligation whatsoever with respect to the App, and any other claims, losses, liabilities, damages, costs or expenses attributable to any failure to conform to any warranty will be solely governed by the Terms and any law applicable to Purecoin as provider of the App.

You acknowledge that Apple is not responsible for addressing any claims of you or any third party relating to the App or your possession and/or use of the App, including, but not limited to: (i) product liability claims; (ii) any claim that the App fails to conform to any applicable legal or regulatory requirement; and (iii) claims arising under consumer protection or similar legislation; and all such claims are governed solely by the Terms and any law applicable to Purecoin as provider of the software.

You acknowledge that, in the event of any third-party claim that the App or your possession and use of that App infringes that third party’s intellectual property rights, Purecoin, not Apple, will be solely responsible for the investigation, defence, settlement and discharge of any such intellectual property infringement claim to the extent required by the Terms.

You represent and warrant that (i) you are not located in a country that is subject to U.S. Government embargo, or that has been designated by the U.S. Government as a “terrorist supporting” country; and (ii) you are not listed on any U.S. Government list of prohibited or restricted parties.

You and Purecoin acknowledge and agree that Apple, and Apple’s subsidiaries, are third-party beneficiaries of the Terms of Service as relates to your license of the App, and that, upon your acceptance of the terms and conditions of the Terms of Service, Apple will have the right (and will be deemed to have accepted the right) to enforce the Terms of Service as relates to your license of the App against you as a third-party beneficiary thereof.

2. Downloading Our App from other App Stores

Where you download our App from any other app store or distribution platform other than the Apple App Store, including the Google Play Store (the “Distribution Platform”) you agree that:
(a) the Terms are between you and Purecoin, and not with the provider of the Distribution Platform (“Store Provider”);
(b) your use of the App must comply with the Store Provider’s then-current Distribution Platform Terms of Service;
(c) the Store Provider is only a provider of the Distribution Platform where you obtained the App;
(d) Purecoin, and not the Store Provider, is solely responsible for the App;
(e) the Store Provider has no obligation or liability to you with respect to the App or the Terms; and
(f) you acknowledge and agree that the Store Provider is a third-party beneficiary to the Terms as it relates to the App”.

Purecoin Account

General.

Purecoin Account is an account where you can hold and exchange your virtual assets (crypto currencies) (the “Funds”).

Loading.

You can load the Funds into your Purecoin Account using bank transfer or crypto currency transfer (or other payment methods available on the App for your location and approved by Purecoin), and your Purecoin Account will show loaded funds once we have received them. In order to load the funds in fiat currency to Purecoin Account you may only transfer your own funds, from your own account, and not from any joint, pooled or the third party account. The Purecoin Account is not a deposit or investment account. Purecoin will only hold the funds in fiat currency received from the users in a designated safekeeping and a custodian accounts with a regulated financial institution (if applicable). The funds held on an Purecoin Account will not earn any interest. Your Purecoin Account will show the funds balance for each currency that you hold.

Purchase or Sale of Digital Currency.

You may purchase and/or sell supported Cryptocurrency (“Cryptocurrency Transaction”) via the App.

You may purchase supported Cryptocurrency by using the funds credited to your Purecoin Account. To carry out a Cryptocurrency Transaction, you must follow the relevant instructions in the App. A Cryptocurrency Transaction should normally be settled instantly.

Revocation.

When you give us instructions to carry out a Cryptocurrency Transaction, you cannot withdraw your consent to that Cryptocurrency Transaction.

Unsuccessful Payments.

If your balance is not sufficient for the completion of the Cryptocurrency Transactions, you authorise Purecoin, in its sole discretion, to cancel any related Cryptocurrency Transactions. For the avoidance of doubt Purecoin has full right and authority not to proceed with any Cryptocurrency Transactions in a case of insufficient funds on your Purecoin Account. You are responsible for maintaining an adequate balance and/or sufficient credit limits in order to avoid overdraft, or similar fees charged by your payment provider.

Account Information.

You will be able to see your Purecoin Account balance and your transaction history using the App, including (i) the amount (and currency) of each Cryptocurrency Transaction, (ii) a reference to identify the payer and / or payee (as appropriate), (iii) any fees charged (including a breakdown of the fees), (iv) where there has been a currency exchange, the rate of exchange, and the amount (in the new currency) after exchange (where you are the payer) or the amount (in the original currency) before the exchange (where you are the payee), and (v) the debit or credit date of each Cryptocurrency Transaction (as appropriate).

Redeeming.

You may redeem all or part of any funds held in your Purecoin Account at any time by selecting the relevant option in the App and following the instructions.

Unless agreed otherwise, the funds in fiat currency will be transferred to your own bank account you have registered with us (“registered bank account”). For the avoidance of doubt “registered bank account” means the bank account used for transferring the funds in fiat currency to your Purecoin Account. In case the original Funds were loaded in any supported cryptocurrency, we redeem the funds in fiat currency to your own bank account designated by you for the purposes of transfer of the funds in accordance with this section and the Purecoin Terms and Conditions.

Unless agreed otherwise, Cryptocurrencies will be transferred to the address specified by you. Purecoin is not responsible for any losses that result from incomplete and/or incorrect and/or erroneous information from you. If Purecoin Terms and Conditions is terminated, we will redeem any funds remaining in your Purecoin Account and attempt to transfer funds to the registered bank account and/or to the address specified by you for the transfer of Cryptocurrencies. Prior to redeeming funds from your Purecoin Account, we may conduct checks for the purposes of preventing fraud, money laundering, terrorist financing and other financial crimes, and as required by applicable law. This may mean you are prevented or delayed from withdrawing funds until those checks are completed to our reasonable satisfaction in order to comply with our regulatory requirements.

Unauthorised and Incorrect Transactions.

Where a purchase of Cryptocurrency and / or redemption of funds is initiated from your Purecoin Account using your credentials, we will assume that you authorised such transaction, unless you notify us otherwise.

If you believe that a transaction using your Purecoin Account has been carried out that you did not authorise (an “Unauthorised Transaction”), or if you have reason to believe that a transaction using your Purecoin Account has been incorrectly carried out or is not complete (an “Incorrect Transaction”), you must contact us as soon as possible, and in any case no later than 24 hours after the Unauthorised Transaction or Incorrect Transaction occurred.

It is important that you regularly check your Purecoin Account balance and your transaction history to ensure any Unauthorised Transactions or Incorrect Transactions are identified and notified to us at the earliest possible opportunity.

We are not responsible for any claim for Unauthorised Transactions or Incorrect Transactions unless you have notified us in accordance with this Section, in which case Section “Refund Rights” below sets out our respective responsibilities. As further described in Section “Refund Rights” below, we are not responsible for any claim for Unauthorised Transactions or Incorrect Transactions if you have acted fraudulently, intentionally or with negligence and this has resulted in the Unauthorised Transactions or Incorrect Transactions.

During any investigation of any actual or potential Unauthorised Transactions or Incorrect Transactions, we reserve the right to suspend your Account to avoid further losses.

Refund Rights.

(A) Unauthorised Transactions.

If an Unauthorised Transaction occurs in your Purecoin Account as a result of our failure, we will refund you the amount of that transaction by no later than 15 days becoming aware of the Unauthorised Transaction and restore your Purecoin Account to the state it would have been in had the Unauthorised Transaction not taken place. Generally, you will not be liable for losses incurred after you have notified us of the Unauthorised Transaction or if we have failed at any time to provide you with the means for notifying us.

You will be liable for any losses you incur in respect of an Unauthorised Transaction in your Purecoin Account which arises from the use of lost or stolen credentials when you have failed to keep the login details for your Purecoin Account secure or if you are fraudulent, or you intentionally or negligently fail to carry out any other your obligations under this Agreement and this results in Unauthorised Transactions in your Purecoin Account.

(B) Incorrect Transactions.

Where an Incorrect Transaction is made in your Purecoin Account as a result of our action or error we shall refund to you the amount of that transaction without undue delay and restore your Purecoin Account to the state in which it would have been had the Incorrect Transaction not taken place. We will also endeavour to provide you with reasonable notice where possible. We will also pay any charges for which we are responsible, and for any interest which you can show that you have had to pay as a consequence of any Incorrect Transaction. Irrespective of our liability, on your request, we shall try to trace any Incorrect Transaction initiated by you free of charge. However, we cannot guarantee that we will be able to trace such transactions.

Consent.

By opening Account you provide your explicit consent to us providing above-mentioned services . You can withdraw this consent at any time by closing your Account.

For the avoidance of doubt, this consent does not relate to our processing of your personal information or your rights under and in accordance with data protection law and regulations. Please see Purecoin Terms and Conditions and our Privacy Policy for information about how we process your personal data, and the rights you have in respect of this.

Customer Feedback, Queries, Complaints

This is a specific procedure that will apply when you use Purecoin Service.

In this procedure:

“Complaint” means a statement or an expression of dissatisfaction addressed to the Purecoin;

“Complaint Form” means electronic document that must be filled out by you to lodge a Complaint;

“Complainant” or “you” means the account holder, who has read, agreed with and accepted all the Purecoin Terms and Conditions, being the authorised user of Purecoin Service and owner of the Purecoin account, and has lodged a Complaint.

1. Contact Purecoin.

If you have any feedback, questions, or complaints, contact us via our ‘Customer Support’:

email: [email protected];

mobile application: log in to the App and send us a secure message.

When you contact us please provide us with your name, email address, and any other information that we may need to identify you, your Purecoin Account, and the transaction on which you have feedback, questions, or complaints.

2. Complaints.

2.1. If you have a dispute with Purecoin, you agree to contact our support team in the first instance to attempt to resolve such dispute following the procedure described in Section 1. If we cannot resolve the dispute through our support team, you and we agree to use the Complaints process set out in this Section 2. You agree to use this process before commencing any other action in respect to your Complaints. If you do not follow the procedures set out in this Section 2 before pursuing any other action in respect to your Complaints, we shall have the right to ask the relevant authority to dismiss your action/application unless and until you complete the following steps:

2.2. In the event of a dispute which has not been resolved through your contact with Customer Support, please use our Complaint form to set out the cause of your Complaint, and any other information you believe to be relevant. The Complaint form can be done using the button “Proceed with Complaint” below this Section 2 or sent via the App. We will acknowledge receipt of your Complaint form after you submit it. We will consider your Complaint without prejudice based on the information you have provided, and any information at the disposal of Purecoin.

2.3. Purecoin has full right to compare the facts and the information provided by the Complainant with the information and data which have been retrieved from the Purecoin archive (i.e. the Complainant’s transactions, trading history, correspondence, other electronic records). This investigation will also include the events preceding or leading to the Complaint.

2.4. Purecoin has full right to request any additional information that at the sole discretion of Purecoin is necessary for the investigation and resolving of the Complaint.

2.5. Purecoin will not handle or investigate a Complaint if the Complainant does not complete the Complaint Form (please make sure that you fulfilled all fields marked with “*”) or does not provide the additional information (if requested). In such case Purecoin shall revert back to the Complainant and request to send any additional information.

2.6. Purecoin examining the Complaint and reaching a decision to this respect shall inform the Complainant about the decision, together with the reasoning of the decision and any remedial measures it intends to take.

2.7. Purecoin will make every effort to resolve the Complaint within fifteen 15 business days.

2.8. In certain circumstances, if Purecoin is unable to respond to your Complaint within 15 business days, Purecoin will send you a holding reply indicating the reasons for a delay in answering your Complaint and specifying the deadline by which Purecoin will respond to your Complaint (which will be no later than 35 business days from our receipt of your Complaint).

  • Proceed with Complaint
  • Fees and Limits

    1. Wallet Fees and Limits

    Wallet Exchange fee is 1.5%

    Deposit Free

    Withdrawal Free

    Blockchain Fee for withdrawal are like in the table below:


    Currency Network Fees
    BTC 0.0005
    ETH 0.005
    USDC 25
    USDT 25
    XRP 0.25
    XLM 0.02
    XMR 0.0001
    ADA 1
    DOT 0.1
    BNB 0.0005
    DASH 0.002
    SOL 0.01
    MATIC 0.1
    LTC 0.001
    DOGE 50

    2. Card Fees and Limits

  • Debit Card Exchange fee is 2%
  • ATM Withdrawal Fee EUR 3.00 + 2% exchange fee
  • Cash withdrawals Limits (daily):
  • GBP 2.000
  • EUR 2.000
  • Payments with your Card (daily):
  • GBP 15.000
  • EUR 15.000
  • Privacy Policy

    This Privacy Policy describes the general principles on how Purecoin process your personal data and is applicable to any person who uses has used or has expressed their intent to use the services of Purecoin. All of the definitions used in and all circumstances not covered by this Privacy Policy shall be regulated by the terms and conditions of Purecoin.

    The policy concerning the processing of cookies is described in Cookie Policy and is accessible on the Website.

    Purecoin has appointed a data protection officer who can be reached via [email protected] All of the inquiries and complaints concerning the processing of personal data should be addressed to said email address.

    1. How is personal data collected.

    1.1. Purecoin is to be considered a data controller in respect of personal data collected and processed in respect of providing Services to you.

    1.2. In the case of Crypto exchange and Wallet services, Purecoin is to be considered a data controller in respect of personal data collected and processed in respect of providing services to you in which case Purecoin is considered either a data processor or a data controller.

    1.3. In the case of Purecoin account and debit card Optimus Cards Limited is to be considered a data controller the terms stipulated in clause 12 respectively apply and Pure. is considered either a data processor data controller or a joint controller provided the purpose and means of processing of personal data has been jointly determined by the parties.

    1.4. In the context of this Privacy Policy references to we, us, our mean Purecoin including all of its affiliates .

    1.5. Generally personal data is collected directly from you and from the information and documents you have provided However in order to comply with the legal obligations personal data eg identification identity document and financial data is also collected from other sources eg from third parties and public sources

    2. Which categories of personal data we are processing

    2.1. We are processing the following categories of personal data

    2.1.1. identification data eg your photo name date and place of birth address

    2.1.2. identity document data eg photo of the document number and validity

    2.1.3. contact data eg phone number email address

    2.1.4. financial data eg ownership and source of funds andor wealth

    2.1.5. transaction data and the nature of using the service eg transaction sums counterparties bank account and card numbers and account holders

    2.1.6. other data used for performing customer due diligence measures assessing trustworthiness and to prevent fraud eg media coverage occupation and connection to other persons and device information and location and

    2.1.7. correspondence between you and us

    3. For which purposes personal data is processed

    3.1. In general we are processing your personal data for the performance of or entering into a contract with you ie personal data is processed for the purposes of providing the services Without processing personal data we would be unable to provide services to you including due to regulatory restrictions

    3.2. The purposes for which we are processing personal data are the following

    3.2.1. fulfilling a contractual obligation eg executing your transaction orders and ensuring the safety of your assets

    3.2.2. fulfilling a legal obligation eg ensuring the security of accessing the Account and the transactions and using the data for accounting and reporting purposes

    3.2.3. public interest eg by performing necessary acts in order to prevent money laundering and the financing of terrorism and thus to ensure the proper identity verification

    3.2.4. sending informative and promotional notifications or collecting processing storing and disclosing personal information eg name and contact information with our partners in order to conduct campaigns and ship the rewards under a revocable consent received from you and

    3.2.5. our legitimate interest to prevent fraud and to improve our products and services as well as to promote the launch and usage of new functionalities and features and to illustrate the benefits and possibilities of cryptocurrencies and investing eg by identifying concurrently used app versions and by sending promotional content regarding new features and products and to conduct campaigns including in cooperation with third parties and ship the rewards

    3.3. For entering into and for the performance of the contractual agreement between you and us and for public interests Purecoin is applying certain automated decisionmaking methods to assess your capability suitability behaviour and reputation whether to enter into or to continue a contractual relationship The aforesaid assessment is accompanied by human intervention by an employee of Purecoin who will perform the final assessment

    3.4. For entering into and for the performance of a legal obligation Purecoin is obliged to assess your capability suitability behaviour reputation and financial situation whether to enter into or to continue a contractual relationship with you in which case the personal data is processed by Purecoin as a data processor.

    4. Which persons have access to the personal data

    4.1. Your personal data is being processed by the following categories of data recipients

    4.1.1. our employees responsible for specific tasks regarding the Services

    4.1.2. data processors who help us with providing the services eg service providers for the maintenance of our ITsystems and for fulfilling our legal obligations

    4.1.3. third parties to whom we are required to transfer data under applicable legislation eg relevant state institutions and sector specific authorities

    4.1.4. third parties who help us in developing and promoting the services

    4.2. Purecoin has engaged a third party service provider UAB Identifikaciniai projektai located and registered in Lithuania and Sum and Substance Ltd a company located and registered in the United Kingdom for obtaining certain information required in relation to the fulfilment of its obligations under antimoney laundering and terrorist financing prevention rules. While providing services to Purecoin, UAB Identifikaciniai projektai and Sum and Substance Ltd processe your personal data as a data processor however for enhancing its machine learning capabilities UAB Identifikaciniai projektai  and Sum and Substance Ltd are also processing your personal data as a data controller. To acquaint yourself with the relevant data processing activities which UAB Identifikaciniai projektai and  Sum and Substance Ltd undertake as a data controller we advise your to read and review the privacy policy located on https://www.idenfy.com/ and https://sumsub.com/. You should be aware that Purecoin takes no responsibility in relation to processing activities UAB Identifikaciniai projektai and  Sum and Substance Ltd undertake as a data controller and you are free to exercise their rights as data subjects in relation to UAB Identifikaciniai projektai and  Sum and Substance Ltd fully and independently.

    4.3. We are not responsible for the actions and processing activities of any third parties Third parties are considered to be separate data controllers whose services can be procured by concluding separate agreements with them Third parties may transfer your personal data to Third Countries and process it for independent purposes

    4.4. Although generally the personal data is processed within the European Economic Area certain activities may result in the transferring of personal data to Third Countries meaning countries located outside the EUEEA and to countries in relation to which the EU Commission has not issued an adequacy decision eg the US For ensuring that your personal data is protected we have committed to applying appropriate safeguards including but not limited to assessing the security and due diligence measures and regulatory compliance of these persons concluding relevant data processing agreements and standard data protection clauses adopted by the European Commission for the transfers In case you wish to know more about the safeguards and obtain a relevant copy of them please contact us using the details specified above

    4.5. We shall maintain the confidentiality of all information of which we become aware on the basis of the relationship with you including information concerning you and the Payment Account and Payment Transactions thereof unless the right or obligation to disclose information arises from legislation

    4.6. We shall be released from the obligation to maintain confidentiality to the extent that you have granted consent to the disclosure of information in writing or in the Apps or our Website or to the extent a disclosure of confidential information is allowed or required under applicable laws andor mandatory orders by regulatory authorities

    5. How long is personal data stored

    5.1. Your personal data is generally retained as long as you are using the Services After you have stopped using the Services and your Account has been closed your personal data shall be retained as long as any claims can be presented on the basis of such data under applicable legislation

    5.2. Certain data eg data obtained for the purposes of the fulfilment of obligations related to antimoney laundering and terrorist financing prevention or data necessary for accounting purposes shall be retained as required under applicable legislation and industry standards Generally respectively at least for 5 or 7 years since the date of closing the Account but not longer than 10 years

    5.3. We shall immediately terminate processing the data that is processed under your consent if the consent is revoked and the processing of personal data under legitimate interest if you have declared objection to such processing

    6. What are your rights regarding data processing

    6.1. You as a data subject are at any time entitled to exercise the following rights

    6.1.1. The right to request the correction of your personal data

    6.1.2. The right to request access to your personal data

    6.1.3. The right to request the erasure of your personal data

    6.1.4. The right to withdraw the consent on which the processing is based

    6.1.5. The right to request the restriction of processing your personal data

    6.1.6. The right to object to the processing of your personal data

    6.1.7. The right to exercise data portability in cases where such data has been provided by you for the performance of or entering into a contractual relationship by accepting the Terms or under the consent and

    6.1.8 The right to lodge a complaint respectively to Estonian Data Protection Inspectorate at www.akiee.

    General Risk Disclosure

    This document applies to all Services provided via Company Purecoin OU. You can access and download a copy of this document at any time from www.purecoin.app.

    This notice provides you with information about the risks associated with Crypto exchange and Wallet services provided by Purecoin. In this document:

    “Apps” mean the Web, Android and iOS mobile apps of Purecoin, which give access to the Services;
    “Purecoin” means Purecoin OÜ, an Estonian private limited company registered under registry code 14929082, with address Laeva 2, 10111 Tallin, which provides Crypto exchange and Wallet services with  license no FVT000059 issued by Estonian FIU;
    “We”, “us” or “our” means Purecoin .

    If you have any questions, you can contact the Company by:

    email: [email protected];
    mobile application: log in to the App and send us a secure message.

    All of the terms and definitions not stipulated in this document are stipulated in the various chapters of the Terms and Conditions available on the Website.

    You gain ownership of the underlying asset when using the Virtual currency service offered by Purecoin.

    All Crypto assets carry a high degree of risk and are not suitable for many investors. This notice provides you with information about the risks associated with these products, but it cannot explain all of the risks nor how such risks relate to your personal circumstances. If you are in doubt, you should seek professional advice. It is important that you fully understand the risks involved before deciding to use the Services and that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Cryptocurrency involves risk to your capital. You should not invest money that you cannot afford to lose, however you cannot lose more than the equity in your account.

    By using our apps you acknowledge that various types of risks are involved, including but not limited to risks relating to the changes in the operating rules or other features, e.g. forks, and the fluctuation of the value of any supported cryptocurrencies, including the fiat currency it is pegged to, counterparty risks, including but not limited to the sustainability, insolvency, liquidation and bankruptcy of one of our partners and their partners, regulatory risks and uncertainties. Should any of the risks realise, you hereby understand and consent that you are solely liable for the consequences, and we shall not assume any liability nor obligations thereof.

    Purecoin has performed and is constantly re-performing relevant due diligence on its partners and the financial, reputational and regulatory risks surrounding them. If it becomes known or Purecoin deems the counterparty risk, including any security risk to your supported cryptocurrencies, to be unacceptable, we will immediately terminate the partnership and/or the service, and inform you thereof in the Apps.

    By using our apps you understand and agree that rewarding you with the interest is in our sole discretion, not an obligation, and it is not a guarantee that you will receive the reward by the due date. We have reserved the right to from time to time change the interest rate, which is shown to you in the Apps, and These terms without giving you a prior notice thereof. If that is the case, we will buy back the supported cryptocurrencies from you, in exchange for specified Fiat currencies, and the interest calculation shall be terminated as of that moment, and the interest shall be rewarded by the first day of the following month.

    You should further ensure you are able to monitor positions on your account at all times, as you are solely responsible for this. We are not responsible for monitoring positions on your account.

    It is possible that the market price could have changed between order placement and execution time, and therefore we cannot guarantee that the price requested will be the same as the price that the order is executed, the price you receive can be in your favor or against you.

    In addition, there are risks associated with use of online deal execution and trading systems including, but not limited to, software and hardware failure and internet disconnection.

    Since cryptoasset markets are decentralized and not regulated to the degree of investment services then customers using the services provided by Purecoin will not fully benefit from the protections available to clients receiving regulated investment services under the so-called MiFID regime. This also means that there is no central bank that can take corrective measure to protect the value of cryptoasset in a crisis or issue more currency.

    Cryptoasset market is determined only by supply and demand and is often highly unpredictable and volatile. The price of a cryptoasset is usually not transparent and highly speculative and susceptible to market manipulation. In the worst case scenario the product could be rendered worthless.

    It is important to make a distinction between indicative prices which are displayed on charts and dealable prices which are displayed in the Apps. Indicative quotes only give an indication of where the market is. Because the cryptoasset markets are decentralized, meaning it lacks a single central exchange where all transactions are conducted, each market maker may quote slightly different prices. Therefore, any prices displayed on any chart made available by us or by a third party will only reflect indicative prices and not necessarily actual dealing prices where trades can be executed.

    Cryptoasset trading is prone to being misused for illegal activities due to the pseudonymity or even anonymity of transactions and investors would be adversely affected if law enforcement agencies investigate any alleged illicit activities.

    Accordingly, cryptoassets should be seen as an asset class with extremely high risks and you should never invest money that you cannot afford to lose. Given the foregoing, cryptoasset are not appropriate for all investors. You should not deal in these products unless you have the necessary knowledge and expertise, you understand these products’ characteristics and your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of our Services can never be considered a safe investment rather only an investment with a high risk of loss inherently associated with it. Furthermore, our own fee is added to online quotes, if applicable, which makes trading with the Apps even more volatile.

    The risk of loss in trading cryptoasset can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware that you may sustain a total loss of the money deposited.

    Since blockchain is an independent public or private peer-to peer network and is not controlled in any way or manner by us, we shall not be responsible for any failure and/or mistake and/or error and/or breach which shall occur in blockchain or in any other networks in which the cryptoasset are being issued and/or traded. You will be bound and subject to any change and/or amendments in the blockchain system and subject to any applicable law which may apply to the blockchain. We make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the blockchain functionality nor for any breach of security in the blockchain.

    Purecoin does not own or control the underlying software protocols which govern the operation of cryptoasset available for trading in the Apps. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. Purecoin is not responsible for operation of the underlying protocols and makes no guarantee of their functionality, security, or availability. The underlying protocols are subject to sudden changes in operating rules (so-called forks), and such events may materially affect the value, function, and/or even the name of the cryptoasset holds on your behalf. In the event of a fork, we may temporarily suspend operations (with or without advance notice to you) and that Purecoin may (a) configure or reconfigure its systems or (b) decide not to support (or cease supporting) the forked protocol entirely. Purecoin may, but is not obligated to do so, adjust your account in respect of a fork depending on the circumstances of each event attributable to any specific cryptoasset held by you.

    We may elect to execute any order and/or hold any fiat money and cryptoasset via third parties. Such third parties are not banks that guarantee the deposits made to them. If any such third party loses any money, fails or goes out of business, there is no specific legal protection that covers you for losses arising from any funds or cryptoassets you may have held with such third party, even when such party is registered with a competent authority. Depending on the structure and security of the digital wallet, some may be vulnerable to hacks, resulting in the theft or loss of customer assets. Purecoin will not be responsible in the event of losses caused by those third parties.

    If at any time any of the cryptoasset that forms the subject of your order is delisted and/or we no longer support the trading in such cryptoasset for any reason, then the applicable order will be immediately closed. If Purecoin is notified that a cryptoasset you hold is likely to be delisted and/or removed and/or canceled from any of the exchanges (some of them or all) and we believe that it shall not be able to trade in such cryptoasset, we shall make an effort to sell the cryptoasset on your behalf at such time and price, and in such manner, as it determines.

    General risks

    While trading using the Apps, system errors might occur. You should be aware of the risks that may result from any system failure which could mean that your order may be delayed or fail.

    You acknowledge that there are risks associated with utilizing a mobile-based trading system over the internet including, but not limited to, the failure of hardware, software, and internet connections, the risk of malicious software introduction, the risk that third parties may obtain unauthorized access to information and/or assets (including your cryptoasset) stored on your behalf, cyber-attack, the cryptoasset network failure (such as blockchain), computer viruses, communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, howsoever caused, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from us.

    Our fees and charges are set out on the Website and in the Apps. Please be aware of all costs and charges that apply to you, because such costs and charges will affect your profitability.

    Any opinions, news, research, analyses, prices, or other information contained on the Website or in the Apps are provided as general market commentary, and do not constitute investment advice. We shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided.

    Past performance is not an indication of future performance. The value of investments can go down as well as up.

    All balances related to your Account with us are held in euros which may be different from the currency you used to deposit, accordingly you should be aware of currency fluctuations.

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    Pure./Crypto it’s operated by Purecoin OÜ, incorporated in Estonia (company number 14929082) and it’s regulated by FIU, license number FVT000059 with its registered office at Kesklinna linnaosa, Laeva tn 2, 10111, Tallin, Estonia.

    Risk Warning Crypto: By using this website you agree to our Terms of Use. Nothing on this website should be construed as a recommendation for any action. PureCoin OÜ is the owner of the license: FVT000059. For more details, please see the Terms and conditions.

    The Purecoin card is issued by Optimus Cards UK Limited, a principal member of Mastercard and authorised as an E-Money Institution by the Financial Conduct Authority (Firm Reference Number 902034). Optimus Cards UK Ltd is registered in England & Wales, No.09044866 with their Registered Office address at Suite A, 6 Honduras Street, London, England, EC1Y 0TH

    In a case any conflict, discrepancy or contradiction between the English and Estonian versions, the English version shall prevail.