Terms of Service

The legal agreement governing your use of Chainovex services. Please read these terms carefully before using our platform.

Terms of Service

Last Updated: January 15, 2024

These Terms of Service ("Terms") govern your access to and use of the Chainovex cryptocurrency trading platform, website, mobile applications, APIs, and related services (collectively, the "Services"). By accessing or using our Services, you agree to be bound by these Terms.

Important Notice

Cryptocurrency trading involves significant risk. Prices are volatile and may fluctuate substantially. You could lose all of your invested capital. Trade only with funds you can afford to lose.

1. Eligibility

  • You must be at least 18 years old to use our Services
  • You must have the legal capacity to enter into binding contracts
  • You must not be a resident of restricted jurisdictions (including Cuba, Iran, North Korea, Syria, Crimea)
  • You must complete identity verification (KYC) to access full platform features
  • Corporate entities must have proper authorization to enter into agreements

2. Account Registration & Security

2.1 Account Creation

To access our Services, you must create an account and provide accurate, complete, and current information. You are responsible for:

  • Maintaining the confidentiality of your account credentials
  • All activities that occur under your account
  • Promptly notifying us of any unauthorized access or security breaches
  • Keeping your contact information updated

2.2 Security Requirements

Two-Factor Authentication

2FA is mandatory for all account activities including withdrawals and security changes.

Withdrawal Whitelisting

Optional security feature requiring email confirmation for new withdrawal addresses.

API Key Management

API keys must be securely stored and can be restricted to specific IP addresses.

Session Management

Automatic logout after periods of inactivity and session monitoring for unusual activity.

3. Trading Services

3.1 Order Execution

We provide an execution-only service. All trading decisions are made by you. We are not responsible for:

  • Market volatility or price fluctuations
  • Execution delays due to market conditions
  • Losses resulting from your trading decisions
  • Technical issues affecting order execution

3.2 Order Types & Limits

Order Type Description Minimum Size Maximum Size
Market Order Execute immediately at best available price $10 equivalent Tier-based limits
Limit Order Set specific execution price $10 equivalent Tier-based limits
Stop Order Trigger market order at stop price $50 equivalent Tier-based limits
OCO Order One-Cancels-Other conditional orders $100 equivalent Tier-based limits

3.3 Trading Fees

All trades are subject to fees based on your 30-day trading volume:

Volume Tier (30-day) Maker Fee Taker Fee
< $1M 0.08% 0.10%
$1M - $10M 0.06% 0.08%
$10M - $100M 0.04% 0.06%
> $100M 0.02% 0.04%

4. Deposits & Withdrawals

4.1 Deposit Methods

Cryptocurrency

Deposit supported cryptocurrencies directly to your wallet address. Minimum deposit amounts vary by asset.

Bank Transfer

Wire transfers available in USD, EUR, GBP, SGD. Minimum $100, processing time 1-3 business days.

Credit/Debit Card

Instant purchases with cards (Visa, Mastercard). 3.5% processing fee applies.

4.2 Withdrawal Processing

  • Crypto Withdrawals: Processed within 30 minutes, subject to security review
  • Fiat Withdrawals: Processed within 1-3 business days
  • Withdrawal Limits: Tier-based daily and monthly limits
  • Withdrawal Fees: Network fees for crypto, bank fees for fiat withdrawals

5. Prohibited Activities

You agree not to engage in any of the following prohibited activities:

Market Manipulation

Wash trading, spoofing, layering, pump-and-dump schemes, or any form of market abuse.

Illegal Activities

Money laundering, terrorist financing, fraud, or any criminal activities.

Security Threats

Hacking attempts, denial of service attacks, or exploitation of security vulnerabilities.

Circumvention

Attempting to bypass geographical restrictions, verification requirements, or trading limits.

6. Intellectual Property

All platform content, trademarks, logos, and software are owned by Chainovex or licensed to us. You are granted a limited, non-exclusive, non-transferable license to access and use our Services for personal, non-commercial purposes.

7. Liability & Disclaimers

7.1 No Investment Advice

We do not provide investment, tax, or legal advice. All trading decisions are made by you at your own risk.

7.2 Service Availability

We strive for 99.9% uptime but do not guarantee uninterrupted access. Scheduled maintenance and unforeseen circumstances may cause temporary service interruptions.

7.3 Limitation of Liability

To the maximum extent permitted by law, Chainovex shall not be liable for:

  • Loss of profits, revenue, or data
  • Indirect, incidental, or consequential damages
  • Trading losses or market volatility
  • Third-party actions or events beyond our control

8. Termination

We may suspend or terminate your account if:

  • You violate these Terms
  • We suspect fraudulent or illegal activity
  • Required by law or regulatory authorities
  • You become insolvent or declare bankruptcy

9. Governing Law & Dispute Resolution

Governing Law

These Terms are governed by the laws of Singapore, excluding conflict of law principles.

Dispute Resolution

Disputes shall be resolved through binding arbitration in Singapore under SIAC rules.

Class Action Waiver

You waive any right to participate in class actions or class arbitrations.

10. Changes to Terms

We may modify these Terms at any time. Material changes will be notified at least 30 days in advance. Continued use of our Services constitutes acceptance of modified Terms.

11. Contact Information

For questions about these Terms:

Email: legal@Chainovex.com

Address: Chainovex Ltd, 123 Financial District, Singapore 048583

Accept Terms to Continue

By using Chainovex, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.

I Accept Terms & Continue