CoinSpot Terms of Use

The Platform

  1. The CoinSpot website and its associated mobile applications (collectively "Platform") are owned, operated and controlled by Casey Block Services Pty Ltd ABN 19 619 574 186, trading as ‘CoinSpot’, who, along with its associated entities and each of their directors, affiliates or employees (as appropriate), are referred to as “CoinSpot”, “we”, “us” or “our” in these Terms of Use.

  2. The Platform, provided and operated by CoinSpot, allows account holders to convert, buy, sell and trade digital currencies. It also includes any services, content, products, mobile applications, websites, software or any other services provided by CoinSpot (collectively “Services”).

  3. By opening an account to use the Services, you expressly represent and warrant that you have accepted our Terms of Use, and any additional terms and conditions displayed on the Platform (including, without limitation, our Privacy Policy and AML-CTF Policy) as they apply from time to time.

  4. We grant you a non-exclusive, revocable, non-transferable licence to use the software on a server controlled by us for the sole purpose of accessing and obtaining the material on the Platform.

  5. We may amend, modify, add to or delete these Terms of Use at our discretion and those amendments, modifications, additions or deletions apply to your use of the Platform and the Services as soon as they are displayed on the Platform (whether or not you are aware of those amendments, modifications, additions or deletions). All subsequent transactions by you will be subject to the most current Terms of Use as at the date of those transactions.

  6. Your eligibility and use of our Platform and Services is dependent upon your country of residence. The Services provided by CoinSpot are limited to the following jurisdiction: Australia.

  7. Your ownership of any digital currencies purchased on the Platform will transfer to you upon CoinSpot receiving cleared funds from your bank or other financial institution, which is an Authorised Deposit-Taking Institution (“ADI”) and at no point earlier. If digital currencies are provided to you prior to CoinSpot receiving cleared funds of payment for those digital currencies from your ADI, including when your ADI reverses that payment, any action taken by you in relation to those digital currencies is done on behalf of CoinSpot.
  8. Risks of Trading and Holding Crypto or Digital Currencies

  9. The trading or holding of coins, tokens, crypto, digital currencies, or digital assets of the like (collectively "Coins") involves significant risks, the losses can be substantial and any loss and liability you incur is not insurable. You should carefully consider and assess whether trading or holding of Coins is suitable for you depending upon your financial circumstances, resources and tolerance to risk.

  10. Coins such as Bitcoin and Ether are unlike traditional fiat currencies, goods or commodities in the market and are subject to exceptional risks. Unlike other traditional fiat currencies, Coins are decentralised and are not backed by a central bank, government or other legal entities. Coins currently remain largely unregulated. As such, the value of Coins may rise and fall depending upon the market, confidence of investors, competing currencies, regulatory announcements or changes, technical problems or any other factors.

  11. Due to the significant risks of trading Coins as well as the impact of technology and the international market, CoinSpot cannot warrant or guarantee that particular Coins will be available on our Platform and Services. CoinSpot reserves the right to stop offering trades in relation to particular Coins on our Platform and Services. We will use our reasonable endeavours to notify you if we cease to support trading a particular Coin. If this is the case, you will not be able to convert Coins into AUD or any other currency. However, you will be given the option to move the Coins to another user, platform or third party website. Please be aware that CoinSpot is not and will not be responsible for any costs incurred by you if you decide to move the Coins to another user, platform or third party website.

  12. CoinSpot only supports mechanisms such as Metacoins, Alt-Coins, Forks, Sidechains, Colour Coins and any other Coins that supplement and interact with digital currencies, as explicitly outlined by CoinSpot through its Platform from time to time. The Platform will participate in Forks, staking, airdrops and any other similar mechanisms at CoinSpot’s absolute discretion. CoinSpot does not allow users to send Coins off the CoinSpot Platform in order to pay, fund or contribute to an Initial Coin Offering unless explicitly stated by CoinSpot. CoinSpot will not be responsible for the Coins sent off the platform nor the coins or tokens expected to be received from the Initial Coin Offering. CoinSpot may also support the payment of a dividend at CoinSpot’s absolute discretion and only if explicitly stated by CoinSpot.

  13. CoinSpot is not responsible or liable for any Coins once they are transferred from our Platform to another site, device, platform, wallet or user. Nor is CoinSpot responsible or liable for any Coins not traded on our Platform that have been sent into our Platform. CoinSpot is not responsible or liable for any Coins that have been sent to an incorrect or incompatible wallet address. Examples of incompatible wallet addresses include but are not limited to the type of Coin being transferred or the Blockchain Network the Coin is sent on.

  14. As CoinSpot does not identify the counterparty to any transactions you make, CoinSpot recommends that you do not send Coins to any persons you do not personally know or completely trust, as, once sent, the transaction cannot be reversed. It is important for you to take precautions when transferring and storing your Coins whether on our platform or through other sites, wallets or devices. We take no responsibility for the misappropriation or theft of your Coins. We strongly advise that you familiarise yourself with and implement a personal wallet service or other device for storing your Coins and implement other security measures. Always take a greater degree of care and precaution to secure your passwords when operating in a digital environment. For more information about how to secure and protect your Coins, see Security Recommendations.

  15. Given the high level of risk associated with trading Coins, you acknowledge that by opening an account with CoinSpot, it is your responsibility to implement additional security and precautionary measures available to you in order to protect your Coins. CoinSpot recommends the use of minimum-security measures including two-factor authentication to securely access your CoinSpot account, an option available through My Account. Other measures such as using a strong password or unique email address that is not used on any other website or platform, or that is known by anyone else, as well as transferring and storing your Coins in your own personal wallet outside of the Platform or disabling withdrawals to stop Coins being sent from your account, are steps that you can take to improve the security of your Coins.
  16. Your Obligations

  17. You warrant to us that you are a bona fide user of CoinSpot’s Platform and Services for the purposes of trading and holding Coins.

  18. You must not:
    1. Engage in any restricted or criminal activities, including but not limited to:
      1. Terrorist financing;
      2. Money laundering;
      3. Illegal gambling;
      4. Distributing or funding drugs and drug paraphernalia;
      5. Malicious hacking;
    2. Knowingly or recklessly provide us with false, inaccurate or incomplete information through the Platform;
    3. Use CoinSpot’s Platform and Services for the purpose of obtaining, processing, distributing, viewing, assessing, analysing, copying or replicating any information, methods or processes related to the Platform (including without limitation by way of data scraping, the use of collection or accumulation tools and robotic or scripted responses);
    4. Reverse engineer, disassemble or otherwise attempt to construct, copy or replicate the Platform’s source code, formulas or processes;
    5. Interfere with the security of the Platform, the Services or the secure and safe use of the Platform by any other user (including without limitation by way of distributing viruses, corrupted files or other similar software or programs that may damage the operation of any computer hardware or software or which are otherwise directed at the Website or its users);
    6. Use the Platform or the Services for any purpose that is unlawful or prohibited or in a way which infringes the intellectual property rights or other rights of any person (including us);
    7. Knowingly or recklessly use or take advantage of a process, technical or technological error, loophole or glitch on CoinSpot’s Platform and Services;
    8. Use the Platform or the information contained in it for commercial purposes which are competitive to the Platform or our business or which would otherwise be detrimental or prejudicial to our interests in any way;
    9. Use systematic, repetitive or other related methods which are designed to generate or obtain repetitive and repeated amounts of data or other information from or to the Platform or which may otherwise place an unreasonable load on the infrastructure of the Platform;Use systematic, repetitive or other related methods which are designed to generate or obtain repetitive and repeated amounts of data or other information from or to the Platform or which may otherwise place an unreasonable load on the infrastructure of the Platform;
    10. Publish, post, distribute, disseminate or send ‘spam material’ or engage in any communication that is offensive, false, unlawful, defamatory, indecent, unfair or inappropriate in any way to others, which would reasonably be considered ‘spam’ or which is deliberately false, misleading, or deceptive (or likely to mislead or deceive);
    11. Collect or store personal data about other users of the Platform; or
    12. Do anything else which may interfere with or negatively affect the operation of our Platform, Services or others users.

  19. Any user of CoinSpot’s Platform who violates or breaches our Terms of Use may have their membership and CoinSpot account suspended or terminated, as well as any pending transactions cancelled. You may also be held liable for any losses incurred by CoinSpot or any other user of the Platform or Services.

  20. In the event of a breach of these Terms of Use by you, CoinSpot will return your funds to your linked bank/ADI account, unless we reasonably believe that you have committed any fraud, misconduct, any breach of clause 16, or any other illegal activity. CoinSpot may exercise any rights it has to recover any fiat currencies or Coins which are afforded to it under the Terms of Use or at law.

  21. CoinSpot encourages users to report any problems or vulnerabilities with our Platform and Services by submitting a support request on our website or emailing us at CoinSpot Support. If you notify us in good faith, we will not restrict your use of our Platform or Services.
  22. Trading and Using Your CoinSpot Account

  23. CoinSpot will use its best endeavours to ensure that it meets its deposit and withdrawal timeframes. From time to time factors outside of CoinSpot’s control may lead to delays. You acknowledge that CoinSpot is not responsible for any losses that occur due to delays in processing deposits or withdrawals.

  24. For security purposes, the bank/ADI account linked to your CoinSpot account, or any other POLi, BPAY or payment account, must be held in your name in order to facilitate all deposits and withdrawals to/from your CoinSpot account. If your bank/ADI or payment accounts are not held in your name, we may limit and suspend your use of CoinSpot’s Platform and Services until you supply the details of a bank/ADI or payment account in your name.

  25. By using CoinSpot’s Platform and Services, you acknowledge that CoinSpot is not responsible for any delays you may experience in sending and transferring Coins to and/or from CoinSpot’s Platform to other platforms, websites, users or wallets. These delays may be due to issues beyond CoinSpot’s control, including issues with third party websites and platforms, wallets, congestion of the blockchain and CoinSpot moving Coins into a secure storage vault or platform.

  26. In addition to buying, selling, converting and trading Coins, you are only permitted to send your Coins to another user, platform, website or to your personal wallet. Due to the evolving nature of the technology, any technical issues regarding the blockchain and use of the network are beyond CoinSpot’s control and CoinSpot reserves the right to cancel transactions you have initiated which are delayed beyond a reasonable time or lapse due to time delays. In such circumstances, you may need to execute the transaction again or at another time.

  27. In the circumstance where you have received, acquired or accumulated any funds or assets due to an error, glitch, or loophole, CoinSpot may take reasonable action, including but not limited to restricting access or deducting the amount you have received, acquired or accumulated from the balance of the Coins or fiat currency held in your account. We will notify you if such an error, glitch or loophole has occurred or been discovered and if we decide to exercise our right to recover the misappropriated funds or assets from your account.

  28. If you deposit fiat currency into your CoinSpot account but CoinSpot does not receive cleared funds from your bank or other ADI after having credited your account with that value of fiat currency, CoinSpot reserves its right to recover that fiat currency from that or any other fiat currencies held in your account without notice to you.

  29. If any Coins are credited to your account on the Platform prior to CoinSpot having received cleared funds from your ADI, CoinSpot reserves its right to recover those Coins that have been credited to your account without notice to you. If those Coins cannot be recovered in full then CoinSpot reserves the right to recover the value of those Coins from any other fiat currencies or Coins held in your account, at CoinSpot’s absolute discretion by giving you prior notice. CoinSpot may deduct or set off the debt owed to it from any Coins and fiat currencies held in your account on the Platform.

  30. If your account is suspended in accordance with clause 51(l) of these Terms of Use and you do not respond to any of our attempts to contact you after the payment of the uncleared funds, CoinSpot will consider your account, and all Coins and fiat currencies within your account, to have been forfeited by you.

  31. It is your responsibility to check your CoinSpot account and monitor the movement of your Coins including any pending, lapsed or cancelled transactions or purchases through your transaction history and to re-execute any transactions which fail.

  32. All deposits and withdrawals made are subject to the limits displayed on our Platform and Services. This amount may change from time to time due to the blockchain as well as the user demand, market activity and the price of particular Coins. We may, in some instances, use our discretion to allow deposits and withdrawals which exceed the limit displayed.

  33. All fiat currency deposits and withdrawals can only be made to and from a financial institution account held by the verified CoinSpot account holder. We may, in some instances, use our discretion to allow deposits from and withdrawals to a financial institution account that is not held by the verified CoinSpot account holder.

  34. It is your responsibility to enter the correct BSB and account number for any AUD withdrawals or deposits made by you. CoinSpot does not, and will not check the details that you enter, including whether the BSB and account number entered belong to you. If you enter incorrect bank details, it will not be CoinSpot’s responsibility to recover those funds from the unintended recipient. CoinSpot is not liable for any loss or liability incurred by you as a result of any fiat currencies being sent to an unintended bank account.

  35. During periods of market volatility, high volume trades, fast movement and illiquidity in the market, the market rate in which you buy, sell or trade Coins may be different to the price indicated on our Platform and as such we will be unable to execute your order and will return the funds to your account. CoinSpot is not liable for any price variation due to market volatility, market or technology disruptions, delays or any other matters that are outside CoinSpot’s control. CoinSpot may reasonably decide not to execute a trade if the market rate significantly increases or decreases or in the event of a market disruption or other event, which is outside its control. In such cases, CoinSpot may cancel your buy or sell order and return the funds into your CoinSpot account. CoinSpot will exercise reasonable care to notify you of these events and, when you receive a notification, you must check your account and any pending or cancelled transactions.During periods of market volatility, high volume trades, fast movement and illiquidity in the market, the market rate in which you buy, sell or trade Coins may be different to the price indicated on our Platform and as such we will be unable to execute your order and will return the funds to your account. CoinSpot is not liable for any price variation due to market volatility, market or technology disruptions, delays or any other matters that are outside CoinSpot’s control. CoinSpot may reasonably decide not to execute a trade if the market rate significantly increases or decreases or in the event of a market disruption or other event, which is outside its control. In such cases, CoinSpot may cancel your buy or sell order and return the funds into your CoinSpot account. CoinSpot will exercise reasonable care to notify you of these events and, when you receive a notification, you must check your account and any pending or cancelled transactions.

  36. When you have made a buy, sell or swap order through our Platform, CoinSpot will carry out that order as a binding instruction from you. If you ask CoinSpot to cancel, amend or reverse the buy, sell or swap order, CoinSpot is not obliged to do so where it is unreasonable to do so or in circumstances where doing so would cause CoinSpot inconvenience or cost.
  37. Conversion Services and Fees

  38. A conversion fee applies to all transactions where Coins are purchased, sold or traded. By using the CoinSpot Platform, you accept and acknowledge that we may adjust our conversion fees at any time. CoinSpot will notify you of the conversion fees that apply to your transaction at the time of the transaction.

  39. A conversion rate applies to all transactions where Coins are purchased, sold or traded. By using the Platform you accept the conversation rate applicable from time to time. CoinSpot will notify you of the conversion rate that applies to your transaction at the time the transaction is made. For more information on the conversion rate, see Pricing FAQ.

  40. We may delay, suspend or cancel a conversion transaction if we believe the transaction may be subject to illegal activity, fraud, including but not limited to the activities outlined in clause 16.

  41. We reserve the right to delay, suspend or cancel a trade or transaction if there are technical reasons that prevent us from completing the transaction, or if CoinSpot is unable to execute the transaction. This may be subject to reliance on a third party supplier, where we have reasonable belief that the trade is subject to illegal activity or fraud, technical difficulties or subject to a law enforcement action.
  42. Staking

  43. Our staking services are a convenient, simple and user friendly way of accessing staking in decentralised protocols.

  44. To access our staking services, you must access your wallet for the Eligible Coins that you wish to stake and select the staking option to allocate Eligible Coins for staking. By allocating Eligible Coins for staking in your wallet, you acknowledge and agree that you have read, understood and agree to all the terms and conditions that apply to our staking services.

  45. You can only access our staking services for Eligible Coins held in your account from time to time. "Eligible Coins" are those Coins that CoinSpot has determined are eligible for staking from time to time. We will publish a list of Eligible Coins on our website from time to time (“Eligible Coin List”).

  46. We may (in our absolute discretion) add or remove Coins from the Eligible Coin List for any reason. If we remove a Coin from the Eligible Coin List, the Coins that you have staked will be immediately and automatically unallocated for staking and we will distribute any accrued but unpaid staking rewards to you.

  47. We will credit any staking rewards for Eligible Coins to your account at the time or intervals disclosed on our website or as otherwise when we consider appropriate. We do not guarantee the amount of any staking rewards or that staking rewards will be paid at all. The decentralised protocol calculates any staking rewards payable and is responsible for paying any staking rewards. Each decentralised protocol has a unique algorithm for calculating staking rewards. Any staking rewards credited to your account are final and binding, except in circumstances that are in accordance with Clause 24 of these Terms of Use. You are not entitled to, and have no rights to deal in, any staking rewards until those rewards have been credited to your account.

  48. For convenience, we will publish on our website the staking rewards payable for an Eligible Coin but you acknowledge and agree that any rate published is based on the rate paid by the decentralised protocol and may differ to the actual staking rewards payable at any given point of time.

  49. When you allocate an Eligible Coin for staking in your wallet, the Eligible Coin is locked and you cannot trade that Eligible Coin or withdraw the Eligible Coin from your account until you have unallocated the Eligible Coin in your wallet. Once you have unallocated the Eligible Coin, you can trade or withdraw that Eligible Coin in accordance with these Terms of Use.

  50. Your account will record:
    1. all Eligible Coins that have been allocated for staking in your wallet and are locked; and
    2. all staking rewards paid to your account;

  51. If you unallocate your Eligible Coins in your wallet and close your account, you will automatically forgo any accrued by unpaid staking rewards (“Lost Rewards”). You acknowledge and agree that we may retain any Lost Rewards for our own benefit and do not have any obligation to locate you and transfer any Lost Rewards to you.

  52. While we endeavour to make our staking services available all day every day, we cannot guarantee that this will be the case or that your access will be free from interruptions or errors. If there is an issue with our staking services, we will endeavour to fix it as soon as practicable. However, you acknowledge and agree that we cannot fix any interruption or error caused by a decentralised protocol. If our staking services are interrupted or unavailable for any reason, your Eligible Coins may not be staked in the decentralised protocols and this may impact the amount of staking rewards payable to you.

  53. Staking involves significant risks and the losses can be substantial if staked Eligible Coins are slashed. You should carefully consider and assess whether staking is suitable for you depending upon your financial circumstances and tolerance to risk.

  54. You acknowledge and agree that you access our staking rewards “as is” and at your own risk. We strongly recommend that you do your own research and obtain your own advice if you are unsure.

  55. For the avoidance of doubt:
    1. The indemnity in clauses 55 and 56 apply to our staking services; and
    2. The limitation of liability in clauses 57, 58 and 59 apply to our staking services; and
    3. The warranties disclaimed in clause 60 applies to our staking services.

    Termination

  56. CoinSpot may suspend, limit, restrict, deactivate or terminate your access to CoinSpot’s Platform and Services, including your CoinSpot account, if:
    1. You gain or attempt to gain unauthorised access to the Platform or another CoinSpot member’s account;
    2. There is a technical or operational difficulty;
    3. You use, or we reasonably suspect you of using, CoinSpot’s Platform or Services in order to perform illegal or criminal activities, fraud, money laundering, terrorist financing or financial crime including any breach of the laws regarding sanctions and bribery;You use, or we reasonably suspect you of using, CoinSpot’s Platform or Services in order to perform illegal or criminal activities, fraud, money laundering, terrorist financing or financial crime including any breach of the laws regarding sanctions and bribery;
    4. Your use of the CoinSpot Services is subject to any pending investigation, litigation or government proceeding;
    5. You fail to pay or fraudulently pay for any transactions;
    6. We are unable to support your use;
    7. We have concerns about the security of your CoinSpot account or that a transaction is suspicious, fraudulent, erroneous or illegal;
    8. You take any action that may circumvent these Terms of Use or our control by abusing any promotions, rewards or referral programs that we may offer at any given time;
    9. You breach any terms of this Terms of Use Agreement or CoinSpot’s Privacy Policy;
    10. You falsify information in relation to your CoinSpot account or you mislead us (including by omitting information we reasonably require) in relation to opening or administering your CoinSpot account; and
    11. CoinSpot receive a request from a law enforcement or government agency to do so; or
    12. You deposit fiat currency into your CoinSpot account and CoinSpot credits your account with the same value of fiat currency as the deposit, but CoinSpot does not receive cleared funds from your bank or other ADI after having credited your account with that fiat currency.

  57. You may cancel your CoinSpot account at any time, following the settlement of any pending transactions or trades, and provided you comply with any account closure requirements. You will not be charged any fees for cancelling your CoinSpot account, however you must pay any outstanding amounts owed to us.

  58. In the event that your CoinSpot account is suspended, limited, restricted, deactivated or terminated, we are in no way obliged to honour or reinstate a transaction or price on the same terms had the suspension, limitation, restriction, deactivation or termination not occurred. We are under no obligation to return fiat currencies or Coins to you if your CoinSpot account is suspended or deactivated due to a breach of these Terms of Use.
  59. Indemnity

  60. To the maximum extent permitted by law, you agree to indemnify, defend and hold harmless CoinSpot (and each of its associated entities, directors, officers, affiliates, employees, service providers, members, representatives and agents, collectively the “Indemnified Parties”) from and against all claims, demands, actions, suits, proceedings, liabilities, losses, damages, penalties, fines, expenses and costs (including reasonable legal costs awarded by a court) which arise out of or relate to:
    1. your conduct and use of our Platform and Services;
    2. your breach of these Terms of Use, CoinSpot’s Privacy Policy and/or AML-CTF Policy;
    3. your breach of any law, regulation or rule;
    4. your violation or breach of CoinSpot’s copyright, intellectual property, trade secrets, patents, trademarks, service marks or any other proprietary right under law;
    5. your failure to secure or keep secret your CoinSpot account password or private key;
    6. any information that you provide to us via our Platform and Services;
    7. any damage that you may cause to our Platform and Services, to any CoinSpot user or any other person or entity; or
    8. any right exercised by CoinSpot under these Terms of Use.

  61. This indemnity includes without limitation, liability relating to intellectual property rights, defamation and breaches of privacy.
  62. Liability

  63. To the maximum extent permitted by law, CoinSpot does not guarantee the quality, performance or fitness for purpose of the Platform and Services or the completeness, accuracy or currency of statements, representations and information of others (including without limitation data, reports and analyses) provided via the Platform and Services and CoinSpot will not be liable to any person or entity for any direct, indirect, consequential or other loss, damage, liability, claim or expense (however caused, including due to negligence or breach of contract) which may arise out of, or in connection with, the use of the Platform and Services or the use of or reliance on information contained on or linked to the Platform and Services.

  64. To the maximum extent permitted by law, the total aggregate financial liability of the Indemnified Parties to you, whether in contract, tort or statutory liability or otherwise, is limited to supplying the Platform and Services again or payment of the cost of having the Platform and Services supplied again.

  65. We do not provide any warranty in relation to your use of CoinSpot’s Platform and Services and we do not provide any warranty that the information displayed on our Platform and in relation to the Services is up-to-date, accurate or complete.

  66. CoinSpot’s Platform and Services does not provide information to evaluate whether or not you should invest, use and trade in Coins. We give no warranties, guarantees or accept any liability (except that which cannot be excluded by law) in relation to the statements, representations and information of others (including without limitation data, reports and analyses) displayed on our Platform and in relation to the Services.

  67. You should independently satisfy yourself as to the information provided through CoinSpot’s Platform and Services. You agree to use CoinSpot’s Platform and Services at your sole risk and at an “as is” basis.You should independently satisfy yourself as to the information provided through CoinSpot’s Platform and Services. You agree to use CoinSpot’s Platform and Services at your sole risk and at an “as is” basis.
  68. Use of our Platform and Services

    Security

  69. The transmission of information over the Internet (including to or from our Platform and Services) is not completely secure or error free. In particular, emails to or from us and information submitted to or accessed via this Platform may not be secure and you should use discretion in deciding what information you send to us via these means.

  70. Emails to and from us may undergo email filtering and virus scanning, including by third party contractors. We do not warrant that such filters and scans will be effective in removing viruses or other potentially harmful code.

  71. You acknowledge that you use the Platform and Services (and obtain and transmit data to it) entirely at your own risk, that it is provided on an ‘as is’ basis and that we do not make any representations or warranties as to the security, availability of our Platform and Services or that your access or use will be uninterrupted, timely or secure.

  72. CoinSpot securely stores Coin private keys and other information in order to maintain the security and integrity of the system. We are committed to protecting users’ Coins and other information we collect from you and hold in highly secure data centres operated by a third party. The data centres used have ISO 27001, 27017 and 27018 certifications and PCI DSS7 compliance. This has been independently audited by third parties. ISO 27018 certification has also been achieved for our data centre partners, which demonstrates a system of controls in place that specifically address the privacy protection of customer content. We ensure that your information is safe by managing access controls, such as identity, access management, permissions and security credentials. Access to personal information is only granted to an employee of CoinSpot to carry out duties required to support our customers. Strong, multi-factor authentication is used and access is revoked when no longer required.

  73. CoinSpot uses a two-factor authentication process in order to verify your identity, maintain security and prevent any fraud.

  74. As part of CoinSpot’s commitment to protecting your Coins and in the interest of your security, all significant financial and trading transactions made by you from the CoinSpot Platform to another third party website, platform or user, as well as all AUD withdrawals from the Platform to your personal bank account, may be required to be performed using CoinSpot’s two-factor authentication. CoinSpot users may be required to implement and use two-factor authentication for all withdrawals and transactions to buy, sell and trade Coins. It is your responsibility to implement such measures, programs and applications onto your computer, phone or any other device, such as Google Authenticator, and how to use these security measures in order to complete the transaction. For more information about how to secure and protect your Coins, see Security Recommendations.

  75. As part of operating our Platform and Services, CoinSpot may hold your funds, assets or Coins on different exchange platforms.

  76. By using our Platform and Services, you agree to provide us with current, accurate and complete information, including any personal information, and agree to keep such information up to date.

  77. CoinSpot may provide your personal information or any other information such as your IP address or when your account was last accessed if requested by a law enforcement agency or government agency.

  78. By creating a CoinSpot account, you authorise CoinSpot to make enquiries to verify your identity either directly or through third parties, in order to protect our Platform, Services and other users against fraud. In order to verify your account, you will provide us with personal information which will be verified against databases in your country, as such it is imperative that you provide us with accurate and up-to-date information. The verification of your identity and on-boarding of your account may take up to 10 business days to complete. You represent and warrant that the information you provide to us through our Platform is correct and up-to-date.

  79. We cannot guarantee the identity of any other user, receiver or other party you engage with.

  80. You agree that you will not use any other CoinSpot account other than your own account, or access the account of another member or assist others in obtaining unauthorised access. If you use or obtain access to a CoinSpot account, other than your own, this will result in immediate suspension and possible termination of your account and the other member’s CoinSpot account. Any pending transactions or trades will also be suspended.

  81. You are accountable for maintaining and preserving the confidentiality of your account information, the personal information you provide to CoinSpot, the strength level of your password, protecting your Coins by using a digital wallet and any other activities you undertake when using our Platform and Services. In the interests of your security, CoinSpot does not hold large numbers of Coins within the Platform as this is a security risk and may increase your exposure to hacking and misappropriation of your Coins.

  82. You must notify CoinSpot immediately of any unauthorised access or use of your account, password or any other applicable breach of our Platform and Services by submitting a support request on our website.

  83. Linking and Framing

  84. This Platform may contain links to other websites (Third Party Website) and may display content or information from other websites within frames on this Website (Third Party Content). When you click on those links or access Third Party Websites through the Platform, we may earn a payment as a result of that advertising or that referral.

  85. We are not responsible or liable for the Third Party Website, any Third Party Content nor for any infringement of third party intellectual property rights as a result of hosting links to Third Party Websites and Third Party Content on the Platform.

  86. We are not responsible or liable for the handling, use or disclosure of any personal information collected by a third party (including information collected through a Third Party Website) and we are released from any liability resulting from the third party’s failure to handle, use and disclose your personal information in accordance with the Privacy Act 1988 (Cth).

  87. We do not warrant the accuracy, currency or suitability for any purpose of the Third Party Websites or Third Party Content nor do we endorse the offers, products or services which they promote.

  88. All statements, representations, offers, products or services provided through Third Party Websites and Third Party Content are the sole responsibility of the operator of the Third Party Website or the author of the Third Party Content and in so far as such links to Third Party Websites or Third Party Content are hosted on the Platform they are done so at the request of the operator or author for the purposes of promoting their offers, products and services. Except where expressly stated otherwise, we do not act as agent, representative, partner or in any other capacity on behalf of such operator or author.

  89. Cookies

  90. We may use cookies to identify your computer on our server and so we can track your use on our Platform. In some instances cookies may collect and store personal information about you. Such personal information will only be used by us in accordance with our Privacy Policy.

  91. Intellectual Property

  92. All information, graphics, data, prices, charts, video, audio and any other material (Platform Material) displayed on or available on the Platform, and all the underlying source code and software, is owned or used under license by us, except where expressly stated in these Terms of Use or elsewhere on the Platform.

  93. This Platform, all Platform Material and any intellectual property which vests in either of them is protected by copyright. You may download and print content from this Platform for your own personal or internal business purposes only. You must not publish, adapt, communicate to the public, distribute to third parties, amend or make any other copy of information on this Platform without our prior written consent or otherwise do anything which would infringe our intellectual property rights in the Platform or the Platform Material.

  94. All trademarks, registered trademarks, product names, logos and company names mentioned on this Platform are either owned by us or are displayed under licence or with permission from the owner. Those third-party marks, logos and names remain the property of their respective owners.

  95. Reference on the Platform to any companies, products, services, branding, offers or other information, by trade name, trademark or otherwise does not constitute or imply endorsement, sponsorship or recommendation by us or the respective trademark owner.

  96. Privacy

  97. Any personal information we collect about you via this Platform will only be used and disclosed by us in accordance with our Privacy Policy.
  98. General

  99. CoinSpot will communicate with customers by email and telephone and will never provide links to other websites or request sensitive information such as 2-factor codes and passwords. If you are not sure if the email or telephone call you received is secure and from a trusted source, please email us at CoinSpot Support and we will be able to assist you.

  100. By using CoinSpot’s Platform and Services, you accept that it is your responsibility to determine whether and to what extent, any taxes apply to any transactions or trades you conduct through our Services. It is also your responsibility to seek professional tax advice with respect to personal, business and self-managed superfund CoinSpot accounts as well as to ensure that you are compliant and that the platform and features satisfy your requirements. CoinSpot does not provide any advice or take any responsibility for information that you receive through our Platform and Services.

  101. The Terms of Use published on the date you view them on the Platform supersede all prior versions.

  102. If any provision of the Terms of Use are held to be invalid, unenforceable or illegal for any reason, the remaining parts of the Terms of Use will be in full force and effect.

  103. If we are unable to perform our Services as stipulated in the Terms of Use due to circumstances out of our control, including but not limited to, change of law, regulations or policy, or an event of Force Majeure, we will not be held liable.

  104. These Terms of Use are governed by the laws of the State of Victoria and in the event that we have a legal dispute relating to this Platform or these Website Terms and Conditions, the Courts of Victoria will have non-exclusive jurisdiction.