CoinDepo Wallet Terms

Last modified: November 2022

1. Introduction

These CoinDepo Wallet Terms (hereinafter “the Terms”) for Digital Assets Custody Services (hereinafter “the Services”) apply to the entire contractual relationship between CoinDepo LLC, Company No. 1065 LLC 2021, incorporated under the laws of Saint Vincent and the Grenadines, at the address: Murray’s Road, Beachmont, Kingstown, St. Vincent and the Grenadines (hereinafter “the Custodian”, “we”, “us” and/or “our(s)”) and you (hereinafter “the Customer” or "You" and/or “your(s)”) related to the provision of the wallets for the storage of blockchain based digital assets operated by the Custodian (hereinafter “the Wallet”), and the associated account for the transaction management of digital assets (hereinafter “the Account”). The Custodian operates a third-party digital assets platform that provides a managed digital asset custody and transaction management solution (hereinafter “the Custodian’s Platform”). Under these Terms, the Custodian acts as a Wallet provider for digital assets to the Customer. The Custodian acts neither as trading venue, investment intermediary or advisor nor as direct seller or buyer or commissioner of digital assets to the Customer.

2. Opening a CoinDepo Wallet

The Customer needs to open an Account with Custodian to use the Services provided.

The Customer should provide all the information and documents necessary to open an Account in order to use the Services in full. We may request additional information after the Acount has been opened and approved, and the Customer must provide this information to keep using the Account.

In case of changes in the provided personal information and/or documents the Customer is obliged to immediately inform the Custodian about it. We have the right to refuse access to the Services and the Account if the Customer does not notify us of these changes and/or provide additional information upon request.

The Customer acknowledges and accepts that any losses incurred from losing access to the Services and the Account are not the responsibility of the Custodian, and that the Custodian is not liable for these losses.

The Custodian reserves the right to refuse to open an Account for a Customer or to close an existing Account based on internal policies, and we are under no obligation to disclose to the Customer the reasons for our decision.

3. Transactions

The following types of transactions with their digital assets are available to the Customer via Custodian Wallet:

• “Deposit”, a remittance of digital assets to the Custodian Wallet Account from any external wallet of a third-party service.

• “Transfer between accounts”, a remittance of the Customer's digital assets within the Custodian Wallet Account between different types of compound interest accounts of the same asset with different interest rates. The transfer between accounts is carried out exclusively within the Wallet and using the Customer's digital assets deposited in the relevant Custodian Wallet interest accounts.

• “Withdrawal”, a remittance of digital assets from the Custodian Wallet Account to any external wallet of a third-party service.

4. Use of Digital Assets

Except where prohibited or limited by applicable law, the Custodian has the right, without further notice to You, to pledge, sell, lend, or otherwise transfer, invest or use any amount of digital assets, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining in Custodian’s possession and/or control a like amount of digital assets, and to use or invest such digital assets at its own risk.

You acknowledge and agree that with respect to digital assets used by Custodian pursuant to this paragraph: You may not be able to exercise certain rights of ownership; the Custodian may receive compensation in connection with lending or otherwise using or investing digital assets in its business to which You will have no entitlement; and digital assets that is subject to such lending transactions, investment or otherwise being used in these transactions will not be held by the Custodian’s Platform.

5. Risk Disclaimer

Hardware, software or connections required to interact with the cryptocurrency network might fail, succumb to malware, unauthorized access or malicious attacks. Third parties may obtain unauthorized access to the Services, including, but not limited to your public and private keys. The Custodian shall not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when using the Services, however caused.

Forks, unknown vulnerabilities in or unanticipated changes to the network protocol may cause losses to You or others. The Custodian has no control over any cryptocurrency network and shall not be responsible for any harm occurring as a result of the inability to reverse a transaction, and any losses in connection therewith due to erroneous or fraudulent actions.

The risk of loss of value in using Services involving digital assets may be substantial and losses may occur over a short period of time. In addition, price and liquidity of cryptocurrencies are subject to significant fluctuations that may be unpredictable.

Digital assets are not legal tender and are not backed by any sovereign government. In addition, the legislative and regulatory landscape around cryptocurrencies is constantly changing and may affect Your ability to use, transfer, or exchange digital assets.

Cryptocurrency transactions may not be reversible. Once You send a digital asset to an address, You may lose access to your cryptocurrency temporarily or indefinitely. For example, an address may have been entered incorrectly, or an address may belong to an entity that will not return Your cryptocurrency. A digital asset mistakenly sent to an address that we do not control may be non-refundable.

6. Warranty

The Customer confirms the following:

• You are legally an adult and has read and understood these Terms, also has full capacity to enter into these Terms and use Services lawfully;

• You comply with the relevant laws and regulations applicable in your country of residence;

• You are authorized to use the Services and is doing so personally;

• You maintain the confidentiality of information such as your personal data, financial data and information about your activities in connection with the provision of the Services to You;

• You ensure a level of security appropriate to the risk in respect of the personal data and securing authorization credentials;

• You consent to the provision of the necessary information required by the Custodian;

• The data You provide when registering for an Account with Custodian is accurate, complete and up-to-date;

• You agree to provide the Custodian with the details of an external wallet of a third-party service in order to return their digital assets;

• You are aware that funds held at the Custodian Wallet are not considered as a deposit, and the Services are not associated with banking or financial institution services which require a specific license.

7. Termination

These Terms are effective for an indefinite period of time and shall remain in effect for as long as the Customer uses or has access to the Custodian Wallet Account.

Each party has the right to close the Custodian Wallet Account and thereby terminate these Terms.

The Customer may close his/her Custodian Wallet Account at any time after withdrawing all digital assets to third party external wallets.

The Custodian may close the Wallet Account or suspend access to the Services in the event of:

• Violations (indicators of violations) by the Customer of applicable laws or regulations (for example, laws and regulations relating to money laundering, terrorist financing or financial crimes) or if the Customer is suspected of being involved in any of such violations;

• Fraud or if the Customer provides or is suspected of providing false or incomplete information necessary for the Custodian to comply with mandatory law (for example, but not limited to, to verify the identity of the Customer in the context of preventing money laundering, terrorist financing or financial crimes).

8. Applicable Law

These Terms will be governed by and construed in accordance with the laws of the Custodian jurisdiction.

In the event of a dispute, when resolving it, the Customer submits to the non-exclusive jurisdiction of the Custodian.