Before using the services provided by us over this online platform, you have to acknowledge that you are agreeing with the terms and condition as mentioned below. Further, we have all the rights to modify such terms and condition from time to time and same shall be effective from the date as the modified Terms and condition update over the online platform. The user continued to use the services of the platform only after he/she agrees to accept such modification and then all the transactions executed by the user will be subject to such modified terms and conditions.
Before availing services provided by us over the online platform, you have to register with us by the “Register Now” Service provided by us over our online platform by providing the required details for the unique ID/Account and access to various services provided by us on the same Online Platform.
At the time of activation of User ID/User Account, If you are not following any conditions mentioned in our AML Policy, you’re unauthorized to activate your unique User ID/User Account to access services provided by us over our online platform.
The “Required Details” includes the unique password set by you and any other details/information provided by you and asked by us is only part of our verification and security system. We aware you about not to share/disclose Login Credentials with any other person and remain confidential it. Further, you are only liable for any activities carried with your login credentials over the Online Platform.
If your right to access the Services is revoked or use of the Services is in any way prohibited, in such circumstances, you agree not to use or access the Online Platforms or use the Services in any way.
If you find any suspicious activity or any unauthorized access to your User ID/Used Account, you must contact us by opening a support ticket - https://support.cryptoidol.com. Further, we are not liable for any losses/damages occurred due to such activities.
We are providing services for the lawful activities only over our Platform, whereas you are personally liable for any unlawful activities carried out with your login credentials.
You are personally responsible for all the details and information provided in your User Account.
We ensure you to set a password which contain alphabets, Numbers and at least one symbol/special character. Aforesaid combination creates strong password for your User ID/User Account.
We also ensure you to change Account Password on particular lap of time, which provides more security to your Account.
You can put any order for sale/purchase only after creating your User Account with us.
Once any order executed by you on the online platform, its irrevocable.
You acknowledge that you are responsible to pay all the taxes levied as per the applicable laws to the transaction made by you over this Platform.
Your transaction may be canceled if you have not been maintaining sufficient fund in your wallet provided here or in bank account from which the payment for the order initiates.
As the price of Digital Assets are very volatile and subject to fluctuation, you acknowledge that the actual market rate at which an order and/or transaction is executed may vary.
We require your KYC documents in scanned copy to comply with the KYC/AML recommendations, which are as mentioned below.
Our Anti-Money Laundering Policy (https://cryptoidol.com/amlpolicy), includes the terms about identity verification of our website users and the mechanisms that are followed to determine and report unlawful/prohibited actions that may be carried out by making use of our services. Users must comply with this Anti-Money Laundering (AML) policy when using the online platforms.
Crypto Currencies/Digital Currencies are currently unregulated in India. Cryptocurrencies are subject to Government actions and disclosures of users’ digital assets may have to be made to the concerned official Government authorities.
Crptocurrencies are also highly volatile and there can be a lot of price fluctuation.
Hence, users trade in cryptocurrenices on the Online Platform at their own risk.
Users of this Online Platform admit that they are aware about Risk involved in online activities such as unauthorized access into your account, hacking of account, technical difficulties and etc.
In future, transaction of Digital Assets may be deemed to be illegal in India and we will not liable for any losses arising due to this,
The Value of digital asset is volatile in nature and any loss due to any transaction executed in the User Account, user must be borne same loss.
If the user deletes his/her account, he/she will lose the Digital Assets remain in such user account.
Due to slack of relevant market conditions, you may face some difficulties for sale of your Digital assets.
We do not assure you about the continuity of services, as online platform depending on some other peripherals and any loss in to such, may causes discontinue of service.
Digital assets are held in virtual form and not in actual or physical form.
You acknowledge that the aforementioned is an in-exhaustive statement of risks associated with the trade of Digital Assets and that there may be additional risks not listed by us above.
While creating your User Account you acknowledge that you have carefully go through with your financial capability and risk tolerance and confirm that same are suitable to you for carrying activities on this Platform.
Unlike most currencies, which are supported by government reserves or other legal entities, as well as commodities such as silver and gold, Virtual Currencies is a "flat" currency, which is only backed by mathematics, technology and trust. The digital asset is absolutely decentralized, which means there is no authority that can take corrective measure to protect the Virtual Currencies value in a crisis or issue more currency.
Confidence might also collapse because of various technical problems: if the anonymity of the system can be compromised, funds lost or stolen, or in the event that hackers or governments become able to prevent Virtual Currencies transactions from settling. We shall not be liable for any loss caused to the User due to any of the risks related to trading in Virtual Currencies, whether currently known or unknown.
You will be entirely responsible for loss of any data/information cause due to viruses, trojans, worms, logic bombs or etc.
We will not provide any anti-virus software facility over this platform. Users need to use their own anti-virus software to protect your Computer System, Programme, data and any kind of your material.
The user accepts and agrees that CryptoIdol may conduct technical maintenance/changes on the trading platform. This could result in downtime of the system/website whereby the Users may not be able to access the website. CryptoIdol will not be liable to Users if they face any downtime on cryptoidol.com due to technical maintenance/upgrades/internet or hardware failure or any other technical issue.
There is no refund policy whatsoever at CryptoIdol. Funds in the INR wallet can be withdrawn anytime by the users. Once a trade order is executed for any cryptocurrency, then refund will not be possible at all.
Users need to link their Bank Account with CryptoIdol. Once your KYC is approved, your Bank Account will be linked to your CryptoIdol account. INR Deposits/Withdrawals will be accepted through users’ linked Bank Account only. CryptoIdol will not be responsible in any way if any loss is incurred to Users due to linking of Bank Account with their CryptoIdol account or while making any INR Deposits/Withdrawals.
All Services are provided without warranty of any kind, either express or implied. While we try to provide best of uninterrupted Services to you but we do not guarantee that the access to this platform will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
You can easily access this platform with the acceptance of these Terms without any alteration. We may suspend use of the platform for security or maintenance purpose and will make every effort to give you reasonable prior notice. You acknowledge that such notice, however, may not be possible in case of an emergency.
The online platform has the discretion to change the fees anytime. The fees can be changed without any prior intimation to users. For more details, please visit the Fees Page.
As virtual currencies are not managed, control or regulated by us, we do not recommended or advice to invest in such virtual currencies. Further, we may provide information about value, product range, price range, volatility and any other details of the digital asset as well as any news, events or etc. which may affect/have affected the value of such Digital Assets. Kindly do not take it is as recommendation for investment. We are not liable for any loss to the user by executing transaction over this platform.
We provides platform where buyer and seller can connect with each other and execution of the transactions.
We are cautious in maintaining the security of our platform and the Service. By registering with us, you agree to provide us with current, accurate, and complete information about yourself as prompted by the registration process, and to keep such information updated. You further agree that you will not use any Account other than your own, or access the Account of any other Member at any time, or assist others in obtaining unauthorized access.
All the transaction pertain to the User are shown under the “Transactions” tab.
All the pending transaction (Both Purchase and Sales Transactions) pertain to Users are shown under “Pending Order” tab.
Once user creates a User Account on this Platform, user will be allowed to enter into the transaction (Both Purchase and sale) with other users of the platform.
Before making any transaction, users must have to link their bank accounts with this account open on this platform.
Before initiating the sale transaction user must have sufficient balance of such digital asset which he/she wants to sale.
Before initiating the purchase transaction user must have sufficient cash balance in the user account to purchase digital asset.
These terms may be periodically reviewed, revised and modified. Such changes may be made without any prior notice, but any changes will only apply to activities and information on a going forward and not retroactive basis
You are required to periodically visit the website and review terms and any changes thereto. Continued use of the our Services constitutes agreement with you to the terms contained herein and any amendments thereto.
You may register your grievance with respect to data collection, retention or use to LLP’s Grievance Officer via support ticket - https://support.cryptoidol.com