For more information on Finatch, you can refer to the company and license information found on the website. If you have questions regarding this agreement, please feel free to contact Finatch for clarification via our Customer Support team (https://support.finatch.com/hc/-us/requests/new)
By registering to use a Finatch Account, you have affirmed that you are at least 18 years old and are an individual, legal person or other organization with full legal capacity to enter into this User Agreement between you and Finatch. If you are not, you and your guardian shall undertake all consequences resulting from your actions and Finatch shall have the right to cancel or freeze your account in addition to filing claims against you and your guardian for compensation.
By accessing and using Finatch and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List and its equivalent. Finatch maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. Finatch maintains its stance that prohibited users are not to use or access Finatch and any of its services.
Finatch provides an online digital asset trading platform (crypto to crypto) for products commonly known as cryptographic tokens, digital tokens or cryptographic currency. Finatch does not provide fiat trading capabilities on its platform and as such is not subjected to the stringent regulations that come with it. Finatch functions as a trading platform provider and is not a buyer or seller in trades made between traders. Finatch is also not a market maker. Traders must register and open an account with Finatch and deposit digital assets prior to commencement of trading. Traders may request the withdrawal of their digital assets, subject to the limitations as stated in the Terms and Conditions.
Finatch strives to maintain the accuracy of information posted on its website however it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content. Information on Finatch website can be subjected to change without notice and is provided for the primary purpose of facilitating users to arrive at independent decisions. Finatch does not provide investment or advisory advice and will have no liability for the use or interpretation of information as stated in its website or other communication mediums. All users of Finatch must understand that there are risks involved in trading. Finatch encourages all users to exercise prudence and trade responsibly within their own means.
While Finatch emphasises platform security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance), it will be non-accountable to Act of God, malicious targeted hacking, terrorist attacks and other unforeseen circumstances. Finatch reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions. Finatch will not ask for any password from its users nor ask users to transfer funds that are not listed on its trading platform. Users are encouraged to exercise prudence in dealing with discounts or promotions that could lead to them getting scammed. While the list is non-exhaustive, you agree that Finatch will not be held responsible for any losses arising from the situations stated above.
By using Finatch and any of its services, you declare that all information to Finatch in connection with these Terms are true, accurate and complete.
Finatch Account Registration & Requirements
With registration of an account on Finatch, you agree to share personal information requested for the purposes of identity verification. This information is used specifically for the detection of money laundering, terrorist financing, fraud and other financial crimes on the Finatch platform. In addition to providing this information, to facilitate compliance with global industry standards for data retention, you agree to permit us to keep a record of such information for the lifetime of your account plus 5 years beyond account closing. You also authorise us to make inquiries, either directly or through third parties, that are deemed necessary to verify your identity or to protect you and/or us against financial crimes such as fraud.
The Identity Verification information we request may include, but is not limited to, your: Name, Email Address, Contact Information, Telephone Number, Username, Government Issued ID. In providing this required information, you confirm that it is accurate and authentic. Post-registration, you must guarantee that the information is truthful, complete and updated in a timely manner with any changes. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, Finatch shall have the right to send you a notice to demand corrections, remove relevant information directly and, as the case may be, terminate all or part of Finatch Service to you. You shall be solely and fully responsible for any loss or expenses incurred during the use of Finatch Service if you cannot be reached through the contact information provided. You hereby acknowledge and agree that you have the obligation to keep all information provided up to date if there are any changes.
Finatch accounts can only be used by the person whose name they are registered under. Finatch reserves the right to suspend, freeze or cancel accounts that are used by persons other than the persons whose names they are registered under. Accordingly, Finatch will not take legal responsibility for these accounts.
Finatch prioritizes maintaining the safety of those user funds entrusted to us and has implemented industry standard protections for our platform. With that said, there are account-level risks that are created by individual user actions. We request that you understand the need to independently take safety precautions to protect your own account and personal information. You shall be solely responsible for the safekeeping of your Finatch account and password on your own, and you shall be responsible for all activities under your log-in email, Finatch account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement, etc.).
You hereby agree that:
Finatch will not be responsible for any loss or consequences caused by your failure to comply with the above Account Security provision.
Finatch reserves the right to resolve issues and disputes at its sole discretion. Some issues include infringement of others’ rights, violation of laws and regulations, abnormal trades and others not explicitly mentioned in the Terms. Users agree to bear the costs arising from the process of dispute resolution.
You hereby agree to observe the following covenants during your use ofservices on Finatch:
If your alleged violation causes any losses to a third party, you shall solely undertake all the legal liabilities in your own name and hold Finatch harmless from any loss, fine or extra expenses. If, due to any alleged violation Finatch incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify Finatch against any losses and expense caused thereby, including reasonable attorney’s fee.
Finatch reserves the rights to levy service fees on users who use its services. It is in the discretion of Finatch to adjust the servce fees charged to users using its services.
Finatch will provide Finatch Service at an “as is” and “commercially available” condition, and does not offer any form of warranty with regards to the Service’s reliability, stability, accuracy and completeness of the technology involved. Finatch serves merely as a venue of transactions where coin-related information can be acquired and coin-related transactions can be conducted. Finatch cannot control the quality, security or legality of the coin involved in any transaction, truthfulness of the transaction information, or capacity of the parties to any transaction to perform their obligations under the rules. You must carefully consider the associated investment risks, legal status and validity of the transaction information and investment decisions prior to your use of the Finatch Services provided.
You acknowledge and agree, Finatch shall not be liable for any of your losses caused by any of the following events, including but not limited to:
In no event shall Finatch be liable for any failure or delay of service resulting from regular network maintenance or external factors such as power failure, natural disaster, service provider-side problems or governmental acts.
You agree to indemnify and hold harmless Finatch, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of your breach or our enforcement of this Agreement. This shall also apply to your violation of any applicable law, regulation, or rights of any third party during your use of the Finatch Service.
Please be aware that all official announcements, news, promotions, competitions and airdrops will be listed on https://support.finatch.com/hc/enus/categories/115000056351-Announcements where we urge all users to refer to regularly. Finatch will not be held liable or responsible in any manner of compensation should users incur personal losses arising from ignorance or negligence of the announcements.
In case of any of the following events, Finatch shall have the right to directly terminate this agreement by cancelling your account, and shall have the right to permanently freeze (cancel) the authorizations of your account on Finatch and withdraw the corresponding Finatch account thereof:
Should the account be terminated, the account & transactional information required for meeting data retention standards will be securely stored for five years. In addition, if a transaction is unfinished during the account termination process, Finatch shall have the right to notify your counterparty of the situation at that time.
Once the account is closed/withdrawn, all remaining balance (which includes charges and liabilities owed to Finatch) on the account will be payable at once to Finatch. Upon payment of all outstanding charges to Finatch (if any), the user will have 5 working days to withdraw all funds from the account.
Finatch maintains full custody of the funds and user data/information which may be turned over to the authorities in event of account suspension/closure arising from fraud investigations, AML investigations or violation of Finatch’s Terms (eg. trading on Finatch from a sanctioned country).
It is the responsibility of the user to abide by local laws in relation to the legal usage of Finatch in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. All users of Finatch and any of its services acknowledge and declare that the source of their funds come from a legitimate manner and are not derived from illegal activities. Finatch maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the account and funds of users which are flagged out or investigated by legal mandate.
You agree to indemnify Finatch and its entirety of affiliates and hold them harmless from and against all third party claims except from Finatch’s breach of these Terms. As mentioned in description of services, Finatch strives its best to maintain the data integrity on its site but does not guarantee the information and services provided in its platform. Finatch will not be liable for errors arising from the use of its services.
If you have any complaints, feedback or questions, kindly contact https://support.finatch.com/hc/en-us/requests/new and we will in our best efforts try to resolve it for you.