Terms of Use
1.1 Acceptance of Terms. By using this Website and its Services, you confirm that you have read, understood, and agreed to these Terms of Use, both for yourself and any entity you represent. The term "person" here refers to any natural or legal entity, whether acting in an individual capacity, as a trustee, or otherwise. If you do not agree with these terms, you must stop using the Website and its Services.
1.2 Modifications to Terms and Website. The Company reserves the right to update or modify these Terms of Use at any time without prior notice. Changes take effect immediately upon being posted on the Website. You are encouraged to review this page periodically for updates. If you do not accept the revised terms, you must discontinue using the Website. Continued use after changes are made signifies your acceptance of the new terms. The Company may also modify or discontinue any part of the Website or its Services without notice, including features, fees, or content.
1.3 Supplemental Agreements. These Terms of Use are in addition to any other agreements between you or the entities you represent and the Company. If a conflict arises between these Terms and another agreement, these Terms govern your use of the Website and Services.
Risk Warning
2.1 Cryptocurrency Risks. Trading and holding cryptocurrencies carry substantial risks. You should assess whether this activity is suitable for you, considering your financial situation. Cryptocurrency prices can experience extreme fluctuations.
2.2 Past Performance. Information about the historical performance of cryptocurrencies does not guarantee future outcomes. Market volatility and other factors can cause investments to rise or fall.
2.3 Security Risks. Cryptocurrency trading may be subject to risks such as hacking, regulatory changes, and other vulnerabilities.
2.4 Informational Use Only. The information provided on this Website is for personal use only and should not be regarded as investment advice.
2.5 No Investment Advice. Online CL does not offer any form of investment advice. All trading decisions are your responsibility, and Online CL is not liable for any losses incurred.
2.6 Consult Professionals. If you are unsure about an investment or financial decision, seek advice from a professional.
Registration and Account Responsibilities
3.1 Age Requirement. You must be at least 18 years old to register for an account.
3.2 One Account Per Person. Ensure your registration details are up-to-date.
3.3 Email Access. It is your responsibility to maintain access to the email associated with your account, as it is used for communication.
3.4 Account Security. You must not impersonate others, share your password, let others use your account, or use someone else’s account.
3.5 Account Responsibility. You are responsible for all activity occurring under your account and for reporting any unauthorized use.
3.6 Access Limitations. We may restrict access to certain parts of the Website to registered users.
3.7 Confidentiality of Credentials. Do not share your login details. Online CL may disable accounts if these terms are violated.
Identity Verification
4.1 KYC and EDD Compliance. Online CL follows strict standards for customer verification to prevent fraud.
4.2 Synchronization Deposit. Liquidation account holders must provide a synchronization deposit, which will be returned as part of the verification process.
4.3 Account Restrictions and Terminations. Online CL may limit or close accounts due to additional verification needs or false information.
4.4 Account Limitations. Multiple accounts may be restricted, and users must ensure their account security.
Exchange
5.1 Use at Your Own Risk. The Online CL Exchange is intended for experienced users and may not be available in all regions.
5.2 Online CL’s Rights. Online CL can limit or deny trades and impose conditions without prior notice.
5.3 Acknowledgment of Risks. Using the Online CL Exchange involves inherent risks, including potential technical issues affecting trades.
Transactions
6.1 Transaction Refusal. Online CL may refuse transactions for various reasons, such as legal restrictions or payment issues.
6.2 Adjustments for Refused Transactions. Funds from refused transactions may be acquired by Online CL and returned, minus applicable costs.
6.3 Account Freezing. Under certain conditions, Online CL may freeze accounts and hold funds.
6.4 Debt Responsibility. You are liable for any losses on canceled transactions.
6.5 No Profit on Terminated Transactions. Online CL will not pay profits on transactions that have been terminated.
6.6 Interest on Unpaid Sums. Interest may accrue on any overdue amounts.
6.7 Written Explanation for Refusal. A detailed explanation will be provided if a transaction is refused or terminated.
Fees
7.1 Fee Structure. You are responsible for all fees related to trades made through our services, as specified in the Fee Schedule, which is subject to updates.
7.2 Third-Party Fees. External accounts may impose additional fees not reflected on our transaction screens.
7.3 Collection Costs. If fees or other amounts are unpaid, collection fees may be applied.
Security
8.1 Security Responsibility. You are primarily responsible for securing your Online CL Account.
8.2 Risks of Poor Security. Inadequate security may result in unauthorized access and potential losses.
8.3 Security Threats. Your account may be vulnerable to various cyber threats.
8.4 Authentication. Always verify the authenticity of any communications from Online CL.
8.5 Country and Exchange Restrictions. Certain countries and exchanges may be restricted, requiring synchronization with an additional wallet.
8.6 Private Key Ownership. Online CL retains control of the private keys associated with your account.
8.7 Private Key Use Limitations. Online CL will not perform actions requiring private key signatures and does not provide access to funds tied to private keys unless specified.
Service Availability
9.1 No Guarantee of Continuous Service. Online CL does not guarantee uninterrupted access to its services or accounts.
Cryptocurrency Network Transactions
10.1 Network Responsibility. Transactions using your Online CL Account depend on external cryptocurrency networks for processing and confirmation.
10.2 Transaction Conditions. Transactions are not considered final until they are confirmed by the network.
10.3 Network Operations Disclaimer. Online CL is not responsible for the operation or maintenance of cryptocurrency network software.
Special Conditions
11.1 Compliance with International Regulations. Your use of the Online CL Site must adhere to applicable sanctions and export control laws.
11.2 Restricted Use. Users under certain sanctions may be prohibited from using Online CL Accounts.
Premium Account
12.1 Upgrading to Premium. A specific deposit is required to upgrade your account to premium status.
12.2 Premium Benefits. Premium accounts provide enhanced services, such as faster withdrawals, advanced trading tools, and exclusive trading pairs.
12.3 Premium Status Requirement. Users with certain account conditions must have premium status to enable withdrawals and transfers.
12.4 Maintaining Premium Status. Minimum transaction volumes are required to maintain or upgrade premium status.
Account Closure
13.1 Account Closure Request. You can request to close your account via the Help Centre after meeting specific conditions.
13.2 Consequences of Closure. Once closed, access to your account is terminated, and Online CL may retain any remaining funds.
Restriction, Suspension, and Termination
14.1 Reasons for Restriction. Online CL may restrict or terminate accounts for reasons such as suspected errors, fraud, or regulatory concerns.
14.2 Notification of Restrictions. Online CL will make efforts to inform you of any restrictions unless prohibited by law.
14.3 Termination Procedure. Upon termination, your cryptocurrency will be liquidated and the funds transferred to your local currency wallet.
14.4 Manual Withdrawals. Online CL may manually process withdrawals for certain accounts under specific conditions.
Changes to Terms
We may modify this Privacy Policy at any time. If any changes affect your rights, we will inform you and request your acknowledgment.
Prohibited Activities
15.1 Restrictions on Use. You cannot use your Online CL Account for illegal activities, fraud, or other prohibited actions.
15.2 Prohibited Businesses. Without written approval from Online CL, your account cannot be used for certain high-risk business activities.
15.3 Actions for Violations. Online CL reserves the right to restrict or close accounts involved in prohibited activities.
Disclaimer of Warranties
16.1 "As-Is" Basis. The Online CL Site and Services are provided on an "as-is" basis without any warranties, whether express or implied.
16.2 Consumer Rights. Certain disclaimers may not apply depending on local consumer protection laws.
Limitation of Liability
17.1 Limitation of Liability. Online CL, its affiliates, and their representatives will not be liable for any damages arising from your use of the Website or Services, including losses due to reliance on Online CL's information or errors.
17.2 Maximum Liability. Online CL's total liability for any claims related to your use of the Website or Account is limited to the fees you paid to Online CL within the last six months. Some jurisdictions do not allow exclusions or limitations, so certain limitations may not apply.
Disputes
18.1 Notice of Dispute. You and Online CL agree to notify each other of any disputes within 30 days and attempt informal resolution before pursuing legal action.
18.2 Governing Law. This agreement is governed by Maltese law, and disputes will be resolved in Maltese courts, unless otherwise required by applicable law. However, Online CL retains the right to bring claims in any relevant jurisdiction.
Miscellaneous
19.1 Force Majeure. Online CL is not responsible for events outside its control, such as natural disasters, war, or government action, that affect the Website or Services.
19.2 No Waiver. Failure to enforce any rights under these terms does not constitute a waiver of those rights.
19.3 Severability. If any part of these terms is invalid or unenforceable, the remaining parts will continue to apply.
Miscellaneous
Entire Agreement; Order of Precedence: These Terms represent the complete agreement and override any previous understandings. In case of conflicts with other agreements, the other agreement will prevail if it explicitly overrides these Terms.
Amendment: Online CL may revise these Terms at its discretion, with notice provided. Continued use of the services after notice signifies acceptance of the changes.
Waiver: Online CL's failure to enforce any provision does not constitute a waiver of that provision.
Severability: If any provision is found invalid, the remaining terms will still apply.
Force Majeure: Online CL is not responsible for delays or failures caused by circumstances beyond its control.
Assignment: Rights cannot be transferred without consent, but Online CL may transfer its rights without needing consent.
Headings: Section titles do not influence the interpretation of the provisions.