Terms and Conditions
Coinoverse Terms of Use
I. Definition
- Coinoverse refers to an ecosystem comprising Coinoverse websites (whose domain names include but are not limited to https://www.Coinoverse.com), mobile applications, clients, applets, and other applications that are developed to offer Coinoverse Services, and includes independently-operated platforms, websites, and clients within the ecosystem. In case of any inconsistency between relevant terms of use of the above platforms and the contents of these Terms, the respective applicable terms of such platforms shall prevail.
- Coinoverse Accounts refer to the foundational virtual accounts, including main accounts and subaccounts, which are opened by Coinoverse for Users to record on Coinoverse their usage of Coinoverse Services, transactions, asset changes, and basic information. Coinoverse Accounts serve as the basis for Users to enjoy and exercise their rights on Coinoverse.
- Coinoverse Fiat Account means the record of your fiat currencies balance (if any), which is enabled through an electronic money wallet (or similar account) service that is provided by a Fiat Partner.
- Coinoverse Operators refer to all parties that run Coinoverse, including but not limited to legal persons, unincorporated organizations, and teams that provide Coinoverse Services and are responsible for such services. For convenience, unless otherwise stated, references to “Coinoverse” and “we” in these Terms specifically mean Coinoverse Operators. UNDER THESE TERMS, Coinoverse OPERATORS MAY CHANGE AS Coinoverse'S BUSINESS ADJUSTS, IN WHICH CASE, THE CHANGED OPERATORS SHALL PERFORM THEIR OBLIGATIONS UNDER THESE TERMS WITH YOU AND PROVIDE SERVICES TO YOU, AND SUCH CHANGE DOES NOT AFFECT YOUR RIGHTS AND INTERESTS UNDER THESE TERMS. ADDITIONALLY, THE SCOPE OF Coinoverse OPERATORS MAY BE EXPANDED DUE TO THE PROVISION OF NEW Coinoverse SERVICES, IN WHICH CASE, IF YOU CONTINUE TO USE Coinoverse SERVICES, IT IS DEEMED THAT YOU HAVE AGREED TO JOINTLY EXECUTE THESE TERMS WITH THE NEWLY ADDED Coinoverse OPERATORS. IN CASE OF A DISPUTE, YOU SHALL DETERMINE THE ENTITIES BY WHICH THESE TERMS ARE PERFORMED WITH YOU AND THE COUNTERPARTIES OF THE DISPUTE, DEPENDING ON THE SPECIFIC SERVICES YOU USE AND THE PARTICULAR ACTIONS THAT AFFECT YOUR RIGHTS OR INTERESTS.
- Coinoverse Services refer to various services provided to you by Coinoverse that are based on Internet and/or blockchain technologies and offered via Coinoverse websites, mobile applications, clients and other forms (including new ones enabled by future technological development). Coinoverse Services include but are not limited to such Coinoverse ecosystem components as Digital Asset Trading Platforms and the financing sector.
- Coinoverse Platform Rules refer to all rules, interpretations, announcements, statements, letters of consent, and other content that has been or will be subsequently released by Coinoverse, as well as all regulations, implementation rules, product process descriptions, and announcements published in the Help Center or within products or service processes.
- Collateral Accounts are accounts specifically created by users on Coinoverse to deposit and withdraw collateral, such as margins, as required for contract transactions, leveraged trading, and/or currency borrowing services in accordance with these Terms (including the Coinoverse Contract Services Agreement and Coinoverse Platform Rules).
- "Digital Currencies" are tokens or cryptocurrencies with a certain value that are encrypted or digital, based on blockchain and cryptography technologies, and managed in a decentralized manner. This definition applies to Coinoverse unless otherwise stated.
- Digital Assets are defined as digitalized assets with a certain value, including Digital Currencies and their derivatives.
- Fiat Partner refers to a third-party service provider that Coinoverse may collaborate with in relation to any Fiat Services.
- Fiat Services, provided by Coinoverse, include: (a) Depositing fiat currencies into your Coinoverse Fiat Account via bank transfer, or with your debit card or credit card. (b) Purchasing Digital Assets with fiat currencies at current market prices using your Coinoverse Fiat Account balance or debit/credit card. (c) Selling Digital Assets at current market prices for fiat currencies and depositing the proceeds either into your Coinoverse Fiat Account or your debit/credit card. (d) Withdrawing fiat currencies from your Coinoverse Fiat Account to your bank account or debit/credit card.
- KYC, short for "know-your-customer," is a process implemented by Coinoverse to verify the identity of its Users and scrutinize their transactions. Coinoverse may take any necessary measures to identify its Users, verify their identities, investigate their transactions, or comply with applicable laws and regulations.
- Loan/Lending refers to the practice of lending Digital Currencies to Users at an interest rate that is collected in various ways, including through leveraged trading and currency lending services. Coinoverse currently offers these services, and may launch other forms of loan/lending services in the future.
- Spot Trading involves the immediate settlement of buying or selling supported Digital Assets and/or any supported fiat currency on the Coinoverse exchange.
- Users are individuals, institutions, or organizations that access, download, or use Coinoverse or its services, and who meet the criteria and conditions set by Coinoverse. If there are other agreements for entities such as developers, distributors, market makers, and Digital Currencies exchanges, those agreements must be followed.
II. General Provisions
These Terms establish a legal agreement and create a binding contract between you and Coinoverse Operators.b. Supplementary Terms:
Given the fast-paced development of Digital Currencies and Coinoverse, these Terms do not cover all rights and obligations of each party, and may not fully align with needs arising from future development. As a result, THE PRIVACY POLICY (()), Coinoverse PLATFORM RULES, AND ANY OTHER AGREEMENTS ENTERED INTO SEPARATELY BETWEEN YOU AND Coinoverse ARE CONSIDERED SUPPLEMENTARY TERMS THAT ARE AN INTEGRAL PART OF THESE TERMS AND SHALL HAVE THE SAME LEGAL EFFECT. YOUR USE OF Coinoverse SERVICES IS CONSIDERED YOUR ACCEPTANCE OF THE ABOVE SUPPLEMENTARY TERMS.c. Changes to These Terms:
Coinoverse reserves the right to modify or change these Terms in its discretion at any time. Coinoverse will inform users of these changes by updating the terms on its website () and modifying the [Last revised] date displayed on this page. ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BE EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF Coinoverse SERVICES IS CONSIDERED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST STOP USING Coinoverse SERVICES IMMEDIATELY. YOU ARE ADVISED TO REVIEW THESE TERMS FREQUENTLY TO ENSURE YOUR UNDERSTANDING OF THE TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF Coinoverse SERVICES.d. Prohibition of Use:
BY ACCESSING AND USING Coinoverse SERVICES, YOU AFFIRM AND GUARANTEE THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST), THE LIST OF SPECIALLY DESIGNATED NATIONALS MAINTAINED BY OFAC (THE OFFICE OF FOREIGN ASSETS CONTROL OF THE U.S. DEPARTMENT OF THE TREASURY), OR THE DENIED PERSONS OR ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE. Coinoverse RESERVES THE RIGHT TO DECIDE ON MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS AND MAY, IN ITS DISCRETION, RESTRICT OR REFUSE THE PROVISION OF Coinoverse SERVICES IN CERTAIN COUNTRIES OR REGIONS.2. About CoinoverseAs an integral component of the Coinoverse Ecosystem, Coinoverse is primarily a digital assets trading platform catering to a global audience. It offers Users a wide range of services, including but not limited to trading, financing, technical support, and other digital assets-related services. To begin trading, Users must create an account with Coinoverse, deposit digital assets into their account, and adhere to the limitations stated in these Terms while applying for digital assets withdrawals. While Coinoverse is dedicated to maintaining the accuracy of information provided through its services, it cannot ensure the accuracy, applicability, reliability, integrity, performance, or suitability of the information. As a result, Coinoverse shall not be responsible for any loss or damage that may arise directly or indirectly from the use of this content. The information on Coinoverse Services is subject to change without notice, and its primary goal is to assist Users in making independent decisions. Coinoverse does not provide investment or consulting advice of any sort and is not liable for the use or interpretation of information on Coinoverse or any other communication channel. All Users of Coinoverse Services must comprehend the risks associated with digital assets trading and are encouraged to exercise caution and trade within their capabilities. 3. Coinoverse Account Registration and Requirementsa. Account Registration:
To use Coinoverse's services, all users must first apply for a Coinoverse account through the registration page (https://www.panel.Coinoverse.com/register). During the registration process, users must provide the information requested by Coinoverse and agree to the Terms of Service, Privacy Policy, and other platform rules. Coinoverse reserves the right to refuse to open an account for any user. Users are responsible for providing accurate and up-to-date information when registering and must maintain the accuracy of their account information. Each user is allowed only one main account, but they may open sub-accounts with Coinoverse's consent. Certain services may require users to set up a separate account in accordance with the Terms of Service or Supplementary Terms. The management and protection of these trading accounts are governed by the same provisions outlined in this section and Section VI, unless otherwise stated.b. Eligibility:
By registering for a Coinoverse account, users represent and warrant that: (i) they are at least 18 years old or have the legal capacity to form a binding contract under applicable laws; (ii) they have the legal capacity and authority to enter into the Terms of Service; (iii) they have not been previously suspended or removed from using the Coinoverse platform or services; (iv) they do not have an existing Coinoverse account; (v) they are not accessing Coinoverse from or on behalf of a person or legal entity located in a Restricted Location, which includes countries such as the United States, Malaysia, Ontario (Canada), and other locations as designated by Coinoverse from time to time; (vi) if users act as employees or agents of a legal entity, they have the necessary rights and authority to bind that entity and to access and use Coinoverse on their behalf; and (vii) their use of Coinoverse's platform and services will not violate any applicable laws and regulations, including but not limited to anti-money laundering, anti-corruption, and counter-terrorist financing regulations. * Please note that various countries may have legal requirements that restrict the products and services that Coinoverse can offer. As a result, certain products, services, and functionality within the Coinoverse platform may be restricted or unavailable in certain regions or to certain users. Users are responsible for understanding and complying with any restrictions and requirements related to their access and use of Coinoverse's platform and services. Coinoverse reserves the right to change, modify, or impose additional restrictions on access to and use of its platform and services at any time and without prior notification. c. User Identity verification:
Your registration of an account with Coinoverse will be considered your acceptance to provide necessary personal information for identity verification. Such information will be utilized to verify Users’ identity, detect traces of money laundering, terrorist financing, fraud, and other financial crimes through Coinoverse, or for other legitimate purposes as stated by Coinoverse. We will collect, use, and share such information in accordance with our Privacy Policy. Additionally, you agree to allow us to maintain a record of that information during the period for which your account is active and within five (5) years after your account is closed, in compliance with global industry standards on data storage. You also authorize us to conduct essential investigations directly or through a third party to verify your identity or safeguard you and/or us from financial crimes, such as fraud. The details we need to confirm your identity may include, but are not restricted to, your name, email address, contact information, phone number, username, government-issued ID, date of birth, and other information gathered during account registration. When providing the necessary information, you certify that it is accurate and true. AFTER REGISTRATION, YOU MUST ENSURE THAT THE INFORMATION IS TRUE, COMPLETE, AND TIMELY UPDATED WHEN CHANGED. If we have any grounds to believe that any of the information you provided is incorrect, false, outdated or incomplete, Coinoverse reserves the right to send you a notice to demand correction, directly delete the relevant information, and, as the case may be, terminate all or part of Coinoverse services we provide for you. If we are unable to reach you with the contact information you provided, you shall be fully liable for any loss or expense caused to Coinoverse during your use of Coinoverse services. By registering an account, you hereby authorize Coinoverse to conduct investigations that Coinoverse considers necessary, either directly or through a third party, to verify your identity or protect you, other users and/or Coinoverse from fraud or other financial crimes, and to take necessary actions based on the results of such investigations. You also acknowledge and agree that your personal information may be disclosed to credit bureaus and agencies for fraud prevention or financial crime prevention, which may respond to our investigations in full.d. Account Usage Requirements:
The Coinoverse Account can only be used by the account registrant. Coinoverse reserves the right to suspend, freeze or cancel the use of Coinoverse Accounts by persons other than the account registrant. If you suspect or become aware of any unauthorized use of your username and password, you should notify Coinoverse immediately. Coinoverse assumes no liability for any loss or damage arising from the use of your Coinoverse Account by you or any third party with or without your authorization. e. Account Security
Coinoverse is committed to maintaining the security of user entrusted funds, and has implemented industry-standard protection for Coinoverse services. However, the actions of individual users may pose risks. You agree to treat your access credentials (such as username and password) as confidential information and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your Coinoverse Account and personal information from any third party with or without your authorization. You should be solely responsible for keeping your Coinoverse Account and password safe and be responsible for all transactions under your account. Coinoverse assumes no liability for any loss or consequences caused by authorized or unauthorized use of your account credentials, including but not limited to information disclosure, information release, consent, or submission of various rules and agreements by clicking on the website, online agreement renewal, etc. By creating a Coinoverse Account, you hereby agree that:
- You will notify Coinoverse immediately if you are aware of any unauthorized use of your Coinoverse Account and password or any other violation of security rules.
- You will strictly abide by all mechanisms or procedures of Coinoverse regarding security, authentication, trading, charging, and withdrawal.
- You will take appropriate steps to log out from Coinoverse at the end of each visit.
III. Coinoverse Services
- Provide, modify or terminate any Coinoverse Services at its discretion.
- Allow or prohibit certain Users from using any Coinoverse Services in accordance with relevant Coinoverse Platform Rules.
Provided that you constantly comply with the express terms and conditions stated in these Terms, Coinoverse grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use Coinoverse Services through your computer or Internet compatible devices for your personal/internal purposes. You are prohibited to use Coinoverse Services for resale or commercial purposes, including transactions on behalf of other persons or entities. All the above actions are expressly prohibited and constitute a material violation of these Terms. The content layout, format, function and access rights regarding Coinoverse Services should be stipulated in the discretion of Coinoverse. Coinoverse reserves all rights not expressly granted in these Terms. Therefore, you are hereby prohibited from using Coinoverse Services in any way not expressly authorized by these Terms These Terms only grant a limited license to access and use Coinoverse Services. Therefore, you hereby agree that when you use Coinoverse Services, Coinoverse does not transfer Coinoverse Services or the ownership or intellectual property rights of any Coinoverse intellectual property to you or anyone else. All the text, graphics, user interfaces, visual interface, photos, sounds, process flow diagrams, computer code (including html code), programs, software, products, information and documents, as well as the design, structure, selection, coordination, expression, look and feel, and layout of any content included in the services or provided through Coinoverse Services, are exclusively owned, controlled and/or licensed by Coinoverse Operators or its members, parent companies, licensors or affiliates. Coinoverse owns any feedback, suggestions, ideas, or other information or materials (hereinafter collectively referred to as “Feedback”) about Coinoverse or Coinoverse Services that you provide through email, Coinoverse Services, or other ways. You hereby transfer all rights, ownership and interests of the Feedback and all related intellectual property rights to Coinoverse. You have no right and hereby waive any request for acknowledgment or compensation based on any Feedback, or any modifications based on any Feedback.b. Restriction
When you use Coinoverse Services, you agree and undertake to comply with the following provisions: During the use of Coinoverse Services, all activities you carry out should comply with the requirements of applicable laws and regulations, these Terms, and various guidelines of Coinoverse; Your use of Coinoverse Services should not violate public interests, public morals, or the legitimate interests of others, including any actions that would interfere with, disrupt, negatively affect, or prohibit other Users from using Coinoverse Services; You agree not to use the services for market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering, regardless of whether prohibited by law); Without written consent from Coinoverse, the following commercial uses of Coinoverse data are prohibited:
- Trading services that make use of Coinoverse quotes or market bulletin board information.
- Data feeding or streaming services that make use of any market data of Coinoverse.
- Any other websites/apps/services that charge for or otherwise profit from (including through advertising or referral fees) market data obtained from Coinoverse.
- You have read, accepted, and will abide by these Terms, the Legal Statement, the Privacy Policy, and any other Coinoverse Platform Rules related to Fiat Services.
- Coinoverse may collaborate with any Fiat Partners, and if applicable, you will establish an account with such Fiat Partners by completing the appropriate registration and identity verification for that account and accepting any user agreements, terms and conditions, policies and procedures or similar documents of any Fiat Partners.
- Any payments expressed in any fiat currencies made in connection with any Fiat Services may not be cancelled, recalled, or refunded. Furthermore, any chargeback requests related to any Fiat Services that involve a Fiat Partner are subject to that Fiat Partner's policies and procedures.
- You have read, accepted, and will abide by these Terms, the Legal Statement, the Privacy Policy, and any other Coinoverse Platform Rules related to Fiat Services.
- Coinoverse may collaborate with any Fiat Partners, and if applicable, you will establish an account with such Fiat Partners by completing the appropriate registration and identity verification for that account and accepting any user agreements, terms and conditions, policies and procedures or similar documents of any Fiat Partners.
- Any payments expressed in any fiat currencies made in connection with any Fiat Services may not be cancelled, recalled, or refunded. Furthermore, any chargeback requests related to any Fiat Services that involve a Fiat Partner are subject to that Fiat Partner's policies and procedures.
IV. Liabilities
(b) any error or delay in the transmission of such data;
(c) interruption in any such data;
(d) regular or unscheduled maintenance carried out by Coinoverse and service interruption and change resulting from such maintenance;
(e) any damages incurred by other user's actions, omissions, or violation of these terms;
(f) any damage caused by illegal actions of other third parties or actions without authorized by Coinoverse;
(g) other exemptions mentioned in disclaimers and platform rules issued by Coinoverse.The disclaimer of implied warranties contained herein may not apply if and to the extent it is prohibited by applicable law of the jurisdiction in which you reside.2. Disclaimer of Damages and Limitation of Liability To the maximum extent permitted by applicable law, in no event will Coinoverse, its affiliates, and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, or contractors be liable for any incidental, indirect, special, punitive, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, profits, or other businesses or financial benefits) arising out of Coinoverse Services, any performance or non-performance of Coinoverse Services, or any other product, service or other item provided by or on behalf of Coinoverse and its affiliates, whether under contract, statute, strict liability or other theory, even if Coinoverse has been advised of the possibility of such damages, except to the extent of a final judicial determination that such damages were a result of Coinoverse's gross negligence, fraud, willful misconduct, or intentional violation of law. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation may not apply to you. Notwithstanding the foregoing, in no event will the liability of Coinoverse, its affiliates and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors arising out of services offered by or on behalf of Coinoverse and its affiliates, any performance or non-performance of Coinoverse Services, or any other product, service or other item, whether under contract, statute, strict liability or other theory, exceed the amount of the fees paid by you to Coinoverse under these terms in the twelve-month period immediately preceding the event giving rise to the claim for liability. 3. Indemnification You shall defend, indemnify and hold harmless Coinoverse Operators, their affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims, actions, proceedings, investigations, demands, suits, costs, expenses and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of or related to: (i) your use of, or conduct in connection with, Coinoverse Services,
(ii) your breach or our enforcement of these Terms, or
(iii) your violation of any applicable law, regulation, or rights of any third party during your use of Coinoverse Services. If you are required to indemnify Coinoverse Operators, their affiliates, contractors, licensors, and their respective directors, officers, employees or agents under these Terms, Coinoverse shall have the right, at its sole discretion, to control any action or proceeding and to decide whether Coinoverse wishes to settle, and if so, on what terms.
V. Announcements
VI. Termination of Agreement
- Your Coinoverse Account is subject to a governmental proceeding, criminal investigation, or other pending litigation;
- We observe suspicious activities in your Coinoverse Account;
- We suspect unauthorized access to your Coinoverse Account;
- We are required to do so by a court order or command by a regulatory/government authority.
- Coinoverse terminates services to you;
- You allegedly register or register in any other person's name as a Coinoverse User again, directly or indirectly;
- The information provided by you is untruthful, inaccurate, outdated or incomplete;
- You state your unwillingness to accept the amended Terms by applying for cancellation of your Coinoverse Account or by other means;
- You request that Coinoverse Services be terminated; and
- Any other circumstances where Coinoverse deems it necessary to terminate its services.
VII. No Financial Advice
VIII. Compliance with Local Laws
IX. Privacy Policy
X. Resolving Disputes: Forum, Arbitration, Class Action Waiver
X. Resolving Disputes: Forum, Arbitration, Class Action WaiverXI. Miscellaneous
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