Terms and Conditions
Please read the terms carefully as they govern your use of Simplyfy Crypto. These terms and conditions are an important provision that requires all claims to be resolved by way of legally binding arbitration. By making use of Simplyfy Crypto, you acknowledge and agree that:
You are aware of the risks associated with transactions whether digital or derivative.
You should assume all the risk related to the use and transaction of digital currency within Simplyfy Crypto.
Simplyfy Crypto is not liable for any outcomes and risks.
Account Registration and Requirements
By registering to Simplify Crypto. You agree with the following: -
As an individual, you are at least 18 or are of legal age.
You have the full legal capacity and sufficient authorizations to enter into these terms and conditions.
you have not been suspended or restricted from using the Simplyfy Crypto Platform.
you do not have an existing account with us.
you are a resident of India and not located in the “Restricted Location” to access the Simplyfy platform.
if you’re an employee or agent of a legal entity, then you represent the terms and conditions on their behalf to bind all the legal entity.
you and your legal entity on whose behalf you are acting is responsible for any regulations on anti-money laundering, anti-corruption, and counter-terrorist financing.
User Identity Verification
According to global industry standards on data storage, by following our terms and conditions, you agree to allow us to keep a record of that information during the period for which your account is active and within 5 years. When providing the required information, you confirm it is true and accurate. We reserve the right to send you a notice to demand correction and update the information in case your data is false or incorrect.
Account Usage Requirements
The Simplyfy Crypto platform can only be used by the registered user. We reserve the right to suspend, freeze, and cancel the use of your registered account if found used by other than the registered user. We recommend not disclosing your identity and login credentials to anyone as it may cause financial loss and a breach of your personal information. If you suspect any unauthorized use of your username and password then, you should notify Simplyfy immediately of any loss or damage.
General Provisions Of Terms And Conditions
The terms and conditions are a legal agreement and a binding contract between the users and Simplyfy Crypto.
With the rapid development of digital currencies, the terms and conditions do not enumerate or cover all rights and obligations of each party. We do not guarantee full alignment with needs arising from future development. Therefore, all the privacy policies and agreements enter separately between you and Simplyfy Crypto. Your use of the Simplyfy platform is deemed to be acceptance of the supplementary terms.
Changes To The Terms And Conditions
Simplyfy Crypto reserves the right to change or modify the various terms and conditions at any time. We will notify you of such changes by updating the terms on the website and through the notice to all the users. The modified terms and conditions will be released on the website. If you don’t agree with the updated terms and conditions, then you must stop using all the Simplyfy Crypto services and platforms.
Prohibition of Use
In this section, you are presented and warranted that you are not included in any trade embargoes or economic sanctions list. Simplyfy Crypto reserves the right to choose the market and jurisdiction to conduct businesses and may restrict or refuse its discretion.
Simplify Crypto is committed to maintaining security as we have implemented industry-standard protection to safeguard all the user entrusted funds. We suggest you agree to all the terms and conditions. Don’t disclose your access credentials such as username and password and other account-related confidential information to anyone.
You are solely responsible for keeping all your account-related information safe and are responsible for all transactions. Simplyfy Crypto bears no liability for any loss or consequences caused by authorized or unauthorized use of your account. By creating an account with us you hereby agree to the following: -
By clicking on the website, online agreement renewal, etc. You are not limited to any information release and unauthorized access to the account.
You will strictly follow all the rules and procedures of Simplyfy Crypto regarding security, authentication, trading, charging, and withdrawal.
You will have to keep your account logout at the end of each visit.
Disclaimer Of Warranty
Simplify Crypto has the rules as the disclaimer to maintain the security and rules for your cryptocurrency trading. We don’t rely on any inaccuracy, defect, or omission of digital assets or any error or delay in the transmission of such data. We have a disclaimer if you provide any interruption in regular or unscheduled service data maintenance. Simplyfy considers all types of damage caused by illegal actions of other third parties.
When you agree to our terms and conditions then you agree to indemnify and hold harmless Simplyfy Crypto operators from their affiliates, contractors, licensors, and their respective team from and against any claims, actions, proceedings, investigations, demands, suits, costs, expenses, and damages.
Our indemnification includes not keeping any connection with any Simplify services, breaching, and violating any applicable law, regulation, or rights of any third party during your use. If we find you obligated to any of the mentioned terms, then we have the right, in our sole discretion, to control any action or proceeding to settle our wishes and reputation.
Remaining Funds After Simplyfy Account Termination
Once your account is closed or withdrawn, all the remaining account balances including charges of Simplyfy Crypto will be liable to pay immediately. When the payment of all outstanding charges is completed successfully then the users will be provided 5 days to withdraw all their digital assets and funds from the account.
Remaining Funds After Simplyfy Account Termination (Due to Fraud, Violation of Law)
We maintain full security of the digital assets, funds, and user information which may be turned over to governmental authorities. The suspension or closure of accounts arising from fraud investigations, violation of law, and terms and conditions.
If you meet any fraud, violation of law, and any provision then Simplyfy Crypto can provide you with a written notice requiring the closing of all your accounts. You will be provided with 30 days of notice to withdraw all your digital assets. In case you fail to do so then we can take steps to deem your account as a dormant account and will close any open positions in any Simplyfy account.
You can convert your digital assets to different types of digital assets. Simplyfy crypto will not be liable for any loss of profit, tax obligations, or any other loss, damage, or expense incurred in such conversion. Transfer your dormant account to an affiliate of the simplyfy crypto or with any third-party custodian or an isolated wallet where it is deemed with proper verification and completing KYC.
You can close your dormant account at any time. Simplyfy crypto will not be liable for any loss, damage or expense incurred by you as a result of the closure of your dormant account. Any assets in your dormant accounts will be transferred to your bank account. After a dormant account is closed, it cannot be reactivated by you, and you will need to register a new account.
No Financial Advice
Simplyfy crypto and its employees have no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities effected by you using our platform and services. We are not your broker, intermediary, agent, or advisor and have no communication or information provided to you as investment advice, financial advice, trading advice, or any other sort of advice.
All trades are executed automatically based on the parameters of order instructions in accordance with posted trade execution. You are solely responsible for any investment or related transaction in you according to your personal investment objectives. You are solely responsible for any loss or liability.
You should consult legal or tax professionals regarding your specific situation. We don’t recommend any digital asset should be bought, earned, sold, or held by you. You are advised to consult your financial advisors prior to making any investment decision before making the decision to buy, sell or hold any digital asset.
Compliance With Local Laws
It is the responsibility of the users to abide by local laws in relation to the legal usage of their local jurisdiction and other laws and regulations. We are extended to appropriate tax authorities of their local laws all aspects of taxation, the withholding, collection, reporting, and remittance.
Users need to acknowledge and declare that their funds come from legitimate sources and don’t come from illegal sources. By acknowledging the Simplyfy Crypto users are following the law and government rules and regulations to verify the legality of the sources. We strictly follow the law enforcement by the authorities globally and will not hesitate to seize, freeze, or terminate Users’ accounts and funds which are flagged out or investigated by legal mandate.