TERMS OF USE
IMPORTANT NOTICE: THIS AGREEMENT IS SUBJECT TO BINDING ARBITRATION AND A WAIVER OF CLASS ACTION RIGHTS AS DETAILED IN THE SECTIONS BELOW. PLEASE READ THE AGREEMENT CAREFULLY.
Vaultex is a non-custodial crypto wallet designed to empower users with seamless access to a plethora of financial services.Vaultex Ltd operates this website (the “Platform”). Throughout the site, the terms “we”, “us” and “our” refer to Vaultex Ltd , also referred to as the “Company”, or “Vaultex,” the brand name used for the specific services described in this website. Vaultex offers this website, and our services, including all information, tools, and services available to you, the user, conditioned upon your acceptance of all terms, conditions, policies, and notices stated here. These terms ('Terms') apply to the use of our services ('Services') provided by Vaultex and all its affiliated platforms ('we,' 'us,' 'our'). This includes but is not limited to the Vaultex website, all its subdomains, and associated applications ( the “App”, together with the website, the “Website”).
By accessing and using our Services through our platforms, you ('you,' 'your,' 'user(s)') agree to be bound by these Terms and Conditions. It`s essential to carefully read and understand these Terms and our Privacy Policy before using our platforms or Services. You also agree to our Risks section
Once you use our Services, you explicitly consent to these Terms, and they will govern your interactions with Vaultex. Please take the time to familiarize yourself with these Terms to ensure a smooth experience. If you have any questions or concerns, don`t hesitate to contact us hello@Vaultex.co
Remember, by using our Services, you agree to comply with these Terms, so make sure to review them thoroughly. As Vaultex continues to evolve, any new features or tools added to the current site will also be governed by the Terms of Use & Service. You can always find the most up-to-date version of these terms on this page. We may update, modify, or replace any part of the Terms of Use & Service by posting updates or changes on our website
It`s important to stay informed, so we recommend checking this page regularly for any updates. By continuing to use or access the website and Service after any changes are posted, you are indicating your acceptance of those changes. Thank you for being a part of Vaultex!
VAULTEX DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE ARISING FROM:
I) RELIANCE ON ANY INFORMATION CONTAINED IN THIS DOCUMENT;
II) ANY ERROR, OMISSION, OR INACCURACY IN ANY SUCH INFORMATION;
III) ANY ACTION RESULTING THEREFROM;
IV) USAGE OR ACQUISITION OF PRODUCTS AVAILABLE THROUGH THE WEBSITE.
NFT RISK NOTICE: THE PRICES AND VALUE OF NFTS (DEFINED BELOW) MAY FLUCTUATE SIGNIFICANTLY. YOU ACKNOWLEDGE THAT YOU FULLY UNDERSTAND THE RISKS ASSOCIATED WITH PURCHASING AND SELLING NFTS.
1. INTRODUCTION
Our platform facilitates seamless exchange of cryptocurrencies, enabling users to buy and sell within one app for streamlined financial management.
We offer exclusive strategies and personalized advisory services to optimize crypto trading for users.
Utilize our international card for convenient spending of cryptocurrencies anywhere and anytime.
We can grow your assets through staking options available directly within our platform.
Accept pay-ins and payouts effortlessly, connecting businesses to emerging markets securely.
We can help you accept crypto payments and attract customers preferring digital currency transactions with our NFT integration.
Manage multiple portfolios and accept crypto payments to cater to diverse customer preferences on our platform.
In order to use Vaultex Platform, users shall be informed of what Vaultex is providing and how does it works. Following shall be read and understood by the user before using any services on the Vaultex platform.
Vaultex is a non-custodial crypto wallet designed to provide seamless access to a wide range of financial services. As the owner of the wallet, our company does not engage in exchanges or onramping activities. The Service merely redirects users to third-party providers for such actions, in return for a revenue share.
Problem in the market-The cryptocurrency market faces various challenges, including regulatory uncertainty, security vulnerabilities, price volatility, and lack of mainstream adoption and understanding. Additionally, scams and fraudulent activities are prevalent due to the pseudonymous nature of transactions.
Vaultex’s Solution Vaultex addresses the challenges of the cryptocurrency market by offering a secure and user-friendly platform. As a non-custodial wallet, Vaultex enhances security by allowing users to maintain control over their funds, reducing the risk of hacks and fraud. Its partnership with licensed providers ensures regulatory compliance, mitigating regulatory uncertainty for users. With features like personalized advisory, staking opportunities, and multi-portfolio management, Vaultex empowers users to navigate price volatility and manage their assets effectively. The integration of NFT transactions and support for businesses accepting crypto payments fosters mainstream adoption and understanding, making Vaultex a comprehensive solution for individuals and businesses in the cryptocurrency market.
Key Features of Vaultex
2. KEY DEFINITIONS
2.1.1. 'Account' refers to the user account established by an individual who has downloaded the App or accessed the Website and registered with the Company to utilize the Website and the Platform.
2.1.2. 'App'signifies the mobile application accessible via the Website or listed on App Store or Google Play store..
2.1.3. “Blockchain” means the public transaction ledger of a given Network on which Digital Asset transactions are recorded.
2.1.4. “Digital Assets” or “Tokens” or “Cryptocurrency” means blockchain-based software ledger data entries such as bitcoins, ripples, Non-Fungible Tokens, and other digital assets that may be used on the platform via the Services.
2.1.5. 'Funds' means Digital Asset and/or Legal Tender.
2.1.6. “KYC/AML” refers to a set of activities as a result of which information about a particular User is obtained. These activities are performed in order to determine the scope of financial security measures appropriate for a given business relationship or transaction and to assess the risk related to counteracting money laundering and terrorist financing, taking into account specific types of risk. This set is also regularly updated by Vaultex to the extent required by law;
2.1.7. 'Legal Tender' means any national currency, such as INR, USD or any other currency, that may be used on the platform
2.1.8. “Non-Fungible Tokens or 'NFT' means a unique non-fungible token, implemented on the Vaultex Platform using an ERC721 smart contract and deployed on the Polygon Blockchain which are offered for purchase, sale, or trade on the Vaultex Platform.
2.1.9. “Private Key” means a cryptographic variable that is used in conjunction with an algorithm to encrypt and decrypt data
2.1.10. “Termination Date” means the effective date of termination provided in accordance with Section 6, in a notice from one party to the other.
2.1.11. “Token” means a unit of value that is created and managed on a blockchain. Tokens can represent a wide range of assets, such as cryptocurrency, digital assets, or even real-world assets like property or art.
2.1.12. 'Vaultex Account' means a segregated account controlled, secured and accessible via the Services where digital assets may be stored by Vaultex on behalf of the user on its platform.
2.1.13. “Vaultex Services” means the services as described in Section 4 of this agreements
2.1.14. “User” “You” and “Your“ refers to you, the natural person (individual) accessing the website or Software, using our services and accepting these Terms.
2.1.15. “Wallet” refers to a cryptocurrency wallet created within your Device upon the initialization thereof. We use an account structure to organize transactions within your wallet.
3. VAULTEX SERVICES
3.1. Platform. Our platform, Vaultex is a non-custodial crypto wallet that facilitates the storage and management of cryptocurrencies. For further details on Vaultex, please refer to our Website.
3.2. Use of Services. You and any other users that have registered for an Account (defined below) are each a “User” whose use of the Service may include: (a)utilizing an international card for convenience cryptocurrency trading; (b) Buying or selling cryptocurrencies via any component of Vaultex. (c) Grow your assets with staking options available directly within the app, (d)Accept crypto payments and attract customers preferring digital currency transactions. and (e) Manage multiple portfolios and accept crypto payments, catering to diverse customer preferences.
4. SERVICES PROVIDED BY VAULTEX WALLET ACCOUNT REGISTRATION
4.1. Vaultex Wallet allows for users to access and transfer ownership of virtual currency tokens (‘Cryptocurrency’). Use of Vaultex Wallet is governed by these Terms.
4.2. You Own Your Private Keys. Vaultex Wallet does not store user’s Private Information. It is very important that You backup Private Information. If You lose your Private Information then it will not be possible for Vaultex Wallet to recover it for You and You may lose access to your virtual currency or tokens. We kindly ask You to read the above paragraph carefully.
4.3. Vaultex Wallet Exchange Operations. Vaultex Wallet itself does not provide exchange service. Vaultex Wallet exchange opportunity is provided by Vaultex Wallet’s partner(s): Сhangelly. When making an exchange, you agree with Partner’s Terms of Service https://changelly.com/terms-of-use
4.4. Although the Software makes it easy to engage with the integrated third parties, Vaultex Wallet shall not be responsible for any consequences stemming from your use of third-party integrated services.
4.5. No Control Over Blockchains. Vaultex Wallet is not the creator of and does not have any control over any of the virtual currencies that the Vaultex Wallet Mobile Non-Custodial Wallet Application allows you to store, exchange or to use.
Vaultex Wallet serves as a cryptocurrency infrastructure, comprising the following components:
5. ELIGIBILITY TO USE THE SERVICE
(a) You are of legal age to enter into a binding contract (at least 18 years old).
(b) You have not been previously suspended or removed from using our Services.
(c) You are not furthering, performing, undertaking, engaging in, aiding or abetting any unlawful activity through your relationship with us or through your use of the Website;
(d) You shall not reverse engineer, decompile or otherwise disassemble the Website;
(e) You have the full power and authority to enter into this agreement without violating any other agreement you are a party to.
(f) You are are not subject to any financial sanctions, embargoes or other restrictive measures imposed by the United Nations, the European Union (EU), any EU country, the UK Treasury or the US Office of Foreign Assets Control (OFAC), or any governmental authority in any jurisdiction in which the Vaultex Platform is available (collectively, “Sanctions”).
(g) You are not identified as a 'Specially Designated National'
(h) You are not listed on Interpol`s Denied Persons List.
(i) You will not use our Services if any applicable laws in your country prohibit you from doing so according to these Terms.
Vaultex may not offer its Services in all markets and jurisdictions and may restrict or prohibit their use from certain foreign jurisdictions ('Restricted Locations'). If you are registering to use the Services on behalf of a legal entity, you confirm that the entity is duly organized and validly existing under the applicable laws of its jurisdiction, and you are authorized to act on its behalf.
Furthermore, you represent and warrant that:
Vaultex may impose eligibility requirements on certain Services or features and will communicate these requirements on its website. We may also periodically request you to demonstrate that you still meet these requirements. Our decisions concerning eligibility are final.
Violation of these statements gives Vaultex the right to claim damages caused by such violation. Users are strictly prohibited from engaging in unlawful actions that may jeopardize the safety and stability of our Services.
Vaultex reserves the right to limit the availability of our Services to any individual, geographic area, or jurisdiction at any time, and at our sole and absolute discretion.
6. GENERAL CONDITIONS
Users accessing Vaultex Website or Services must adhere to strict guidelines to ensure platform integrity and user safety. Transmission of harmful elements such as worms, viruses, or any other form of destructive code is strictly prohibited. Similarly, users are prohibited from reproducing, selling, or exploiting any part of the Service without explicit written permission from Vaultex.
Respecting intellectual property rights is paramount. Users must refrain from infringing upon or violating such rights. Additionally, uploading or disseminating viruses or malicious code that could disrupt the Service`s operation is strictly forbidden. Moreover, engaging in activities such as collecting personal information of other users, spamming, phishing, or any similar malicious activities is strictly prohibited.
Efforts to interfere with the Service`s security features, attempts to bypass them, or use bots to gain unauthorized access will result in restrictions, and users suspected of such actions may be denied access. Furthermore, access to Vaultex Services may be restricted if there is suspicion of attempting purchases from blocked countries.
Violation of these terms may lead to immediate termination of Vaultex Services for the offending user. Compliance with these guidelines is vital for maintaining a safe and secure environment for all users.
7. USER CODE OF CONDUCT
7.1. As the custodian of your own private keys and wallet, you are solely responsible for maintaining the security of your account credentials and for any actions taken using your account.
7.2. You must not use any material that is false, offensive, harmful, obscene, pornographic, hateful, defamatory, libelous, derogatory, abusive, threatening, or in any way illegal or infringing upon the legal rights of others, as outlined in this clause.
7.3. Be civil and respectful towards other Users, avoiding toxic, trolling, or harassing behaviors, which includes mental or emotional harassment.
7.4. Do not impersonate any natural or legal person, use their identification or contact details, create accounts in their name, or falsely represent any association or affiliation with such individuals.
7.5. Interfering with the security-related features of the Platforms, such as disabling or circumventing features that prevent or limit the use or copying of content, or attempting to discover the source code of any portion of the Platforms (except where expressly permitted by applicable law) is strictly prohibited. Any attempt at such interference will result in a ban from the Platforms.
7.6. Do not collect, generate, or affect usernames or email addresses using bots or any other methods, and do not sell or transfer User profiles to any person or entity without obtaining our written permission.
7.7. Spamming, which includes excessive use of capital letters, repetition of text, and excessive use of exclamation points on the site, interferes with the use of the service and is strictly prohibited.
Obligations and Prohibited Actions:
8. REPRESENTATION AND WARRANTIES
8.1. You agree to use Vaultex in accordance with all applicable laws and regulations.
8.2. You have read and fully understood these terms and acknowledge the risks associated with our services and the usage of tokens within our ecosystem, as described above.
8.3. You possess a sufficient understanding of technical and business matters, including cryptographic tokens, token storage mechanisms, and blockchain technology, to comprehend these terms and the implications of acquiring tokens.
8.4. You acknowledge and accept the limitations and risks related to the creation of tokens as outlined in these terms.
8.5. You have obtained comprehensive information about the tokens, services, and platforms, enabling an informed decision to purchase the tokens.
8.6. You understand that the tokens only grant the right to access services and do not confer any other ownership, distribution, financial, or legal rights concerning our platforms.
8.7. Your intention to purchase tokens is solely for the purpose of accessing services, participating in our project, and supporting the development, testing, deployment, and operation of Vaultex .
8.8. You are fully aware of the commercial risks associated with our project and are not acquiring tokens for investment or speculative purposes.
8.9. Your purchase of tokens complies with all applicable laws and regulations in your jurisdiction, including legal capacity, exchange or regulatory restrictions, and necessary consents.
8.10. You will fulfill any applicable tax obligations arising from your token purchase.
8.11. If you are acquiring tokens on behalf of an entity, you confirm that the entity is duly organized and validly existing under applicable laws, and you are authorized to act on its behalf.
8.12. You are not a resident or domiciled in a jurisdiction that prohibits the acquisition of tokens.
8.13. You have sought independent legal advice before accepting these terms.
8.14. You are not a citizen or resident of a jurisdiction where the use of our services or acceptance of tokens is prohibited by law, decree, regulation, treaty, or administrative act, and you will cease using our services if your circumstances change.
8.15. The funds used to purchase tokens do not come from illegal activities, and you understand that we may need to disclose relevant information in accordance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.
8.16. To the best of your knowledge, the funds provided by you are not on behalf of an unidentified person or entity, and you will promptly notify us if any of these representations cease to be true.
By participating in our services, you represent and warrant the following:
By accepting these terms, you acknowledge that the above representations and warranties are accurate and valid.
9. RISK DISCLOSURE
9.1. Assumption of Risks.
9.1.1. You understand and agree that your access and use of the Platform is subject to certain risks including without limitation;
9.1.2. Price and liquidity fluctuations: Cryptocurrencies,-NFTs and other digital assets offered on Vaultex platform are extremely volatile and may be subject to fluctuations;
9.1.3. Unintended and/or adverse effects:Unintended and/or adverse effects due to technical upgrades or forking of the public blockchain on which the digital assets are minted or hosted;
9.1.4. Legislative and regulatory changes:Legislative and regulatory changes or actions that may adversely affect the use, transfer, and value of the digital assets;
9.1.5. Lack of recognition as legal tender; Digital asset are not legal tender and are not backed by any government;
9.1.6. Irreversible transactions:Transactions involving digital assets may be irreversible, and losses due to fraudulent or accidental transactions may not be recoverable;
9.1.7. Market-dependent value: The value of Cryptocurrencies, NFTs and other digital assets offered on Vaultex platform may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for the other digital assets offered on Vaultex platform and therefore the value of NFTs other digital assets offered is subject to the potential for permanent or total loss of value should the market for digital assets disappear;
9.2. Internet transmission risks.
You understand and agree that you are solely responsible for evaluating the nature, potential value, suitability, and appropriateness of these risks for yourself. We do not provide any advice or recommendations regarding digital assets. By accessing and using the Platform, you acknowledge and accept that you do so at your own risk. Furthermore, you understand and agree that we will not be held responsible for any communication failures, disruptions, errors, or distortions you may encounter while using the NFTs or the Platform.
You acknowledge that there are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Vaultex shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, however caused.
ALL OF THE POINTS NOTED ABOVE APPLY TO ALL DIGITAL ASSET TRANSACTIONS. THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS ASSOCIATED WITH THESE TRANSACTIONS.10. DISCLAIMERS
10.1. Waiver of Liability
Your engagement with the Service carries inherent risks. The offerings and merchandise available on the Vaultex platform are presented on an 'as is' and 'as available' basis, devoid of any assurances, guarantees, or terms of any sort, whether stated or implied, encompassing merchantability, suitability for a specific purpose, title, durability, and non-infringement.
Under no circumstances shall we or any associated entities be held accountable for any damages, whether direct, indirect, incidental, punitive, special, or consequential, stemming from your utilization of the Service, products, or services, encompassing but not restricted to lost profits, diminished revenue, reduced savings, data erosion, or replacement expenses, even if forewarned about the potential of such damages. In regions where liability limitations are inapplicable, our liability shall be restricted to the maximum extent sanctioned by law.
10.2. No Business, Legal, or Financial Advice:
The contents of these terms are purely descriptive and should not be construed as business, legal, or financial counsel for contributing to or engaging in the advancement of the Vaultex network or its endeavors. Information presented in the Vaultex whitepaper, website, and other platforms serves merely as general informational material and should not be interpreted as investment guidance. Although we endeavor to uphold accuracy and currency, we offer no assurances regarding the completeness, precision, reliability, suitability, or accessibility of such information. You acknowledge that reliance on such information is undertaken at your own risk
These terms do not constitute a prospectus, offer document, or solicitation for investment in securities in any jurisdiction. Participating and purchasing Cryptocurrencies,-NFTs and other digital assets offered on Vaultex platform does not involve the exchange of cryptocurrencies for securities or investment units in the project.
10.3. Purchasing digital assets offered on Vaultex Involves Risks:
Purchasing Cryptocurrencies,-NFTs and other digital assets offered on Vaultex platform carries risks, and it may lead to the loss of your entire investment. You must thoroughly assess the risks outlined in the RISKS section and consult with your advisors regarding the legal and tax implications before making a purchase.
10.4. Tokens Not Considered Securities:
Cryptocurrencies,-NFTs and other digital assets offered on Vaultex platform are not intended to constitute securities or collective investment units in any project, platform, or company. Token holders do not receive dividends or participation in profit-sharing schemes.
10.5. Service Continuity:
We do not guarantee uninterrupted, timely, secure, or error-free use of our service. We reserve the right to remove or cancel the Service at any time without notice. The Vaultex utility may be subject to disruptions beyond our control
10.6. Forward-Looking Statements:
Statements made in these terms, webpages, press releases, or accessible to the public may include forward-looking statements. Actual future results and achievements may differ from these statements. Vaultex does not make any representation or warranty regarding the accuracy or completeness of the information in these terms..
10.7. Wallets Blacklisting:
We may blacklist wallets suspected of fraudulent activities, money laundering, or illegal purposes, at our discretion.
11. TAX MATTERS
Users are solely responsible for evaluating and adhering to any tax obligations associated with the transactions conducted through the Services. This includes determining the applicability of taxes and ensuring accurate reporting and remittance of taxes to the relevant tax authorities. Vaultex bears no responsibility for making tax determinations regarding your transactions, nor does it handle the collection, reporting, withholding, or remittance of any taxes arising from the transactions.
As a user of the Services, it is imperative to comprehend and comply with the tax laws and regulations pertinent to your specific circumstances and the jurisdictions involved in your transactions. Failure to meet your tax obligations may lead to legal and financial repercussions. It is your responsibility to seek professional advice to ensure compliance with tax requirements. Vaultex functions as a transaction facilitator and does not offer tax advice or assume responsibility for your tax-related decisions.
12. LIMITATION OF LIABILITY
- PLEASE NOTE THAT THE SERVICES PROVIDED BY VAULTEX ARE OFFERED 'AS IS' WITHOUT ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS CONCERNING THE QUALITY OF THE SERVICES AND ASSOCIATED SOFTWARE. THIS INCLUDES FUNCTIONALITY, RELIABILITY, USABILITY, EFFICIENCY, MAINTAINABILITY, HARDWARE COMPATIBILITY, CONTINUOUS AND ERROR-FREE OPERATION, COMPLIANCE WITH REQUIREMENTS, OR SPECIFIC BUSINESS GOALS.YOU ACKNOWLEDGE THAT YOUR DATA ON THE SITE OR THROUGH THE SERVICES MAY BE IRRETRIEVABLY LOST, CORRUPTED, OR TEMPORARILY UNAVAILABLE DUE TO VARIOUS CAUSES. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, VAULTEX WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE RESULTING FROM SUCH OCCURRENCES.IN NO EVENT WILL VAULTEX BE HELD LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL, OR SIMILAR DAMAGES OR LIABILITIES ARISING FROM YOUR USE OF THE SITE AND SERVICES OR YOUR INABILITY TO USE THEM. THIS INCLUDES INTANGIBLE DAMAGES, LOSS OF DATA, LOSS OF FUNDS, GOODWILL, OR OTHER BUSINESS OR FINANCIAL BENEFITS, EVEN IF Vaultex HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.YOU AGREE TO DEFEND, INDEMNIFY, AND HOLD VAULTEX HARMLESS, ALONG WITH ITS AFFILIATES' RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AND AGENTS, FROM ANY CLAIM, DEMAND, LAWSUIT, ACTION, PROCEEDING, INVESTIGATION, LIABILITY, DAMAGE, LOSS, COST, OR EXPENSE, INCLUDING REASONABLE ATTORNEYS' FEES, ARISING FROM YOUR USE OF, OR CONDUCT IN CONNECTION WITH, THE SITE AND SERVICES; YOUR VIOLATION OF THESE TERMS; YOUR VIOLATION OF APPLICABLE LAWS OR REGULATIONS; OR YOUR INFRINGEMENT OR MISAPPROPRIATION OF THE RIGHTS OF ANY OTHER PERSON OR ENTITY.
If applicable law does not allow the exclusion or limitation of liability to the extent described, Vaultex’s liability in such states is limited to the extent permitted by law.
Vaultex does not own or control the underlying software protocols used with supported blockchain networks. These protocols are generally open-source, and Vaultex is not responsible for their operation, functionality, security, or availability
Vaultex has no control over any distributed ledger technology transactions and payments. Users must ensure they have a sufficient balance of applicable network tokens in their wallets to complete blockchain transactions before initiation.
You understand that markets for cryptocurrencies and digital assets are highly volatile. The cost and speed of transacting with blockchain-based systems may vary and can drastically increase or decrease at any time. You acknowledge that Vaultex is not responsible for these variables or risks associated with blockchain protocols and cannot be held liable for any resulting losses while accessing or using the Interface.
The Parties are exempted from liability for failure to perform or improper performance of their obligations under this Agreement in the event of force majeure circumstances that directly or indirectly impede the execution of this Agreement. Force majeure refers to circumstances independent of the Parties' which could not have been foreseen at the time of agreement and prevented by reasonable means when they occur.
13. INDEMNIFICATION
1. Your purchase or use of Tokens.
2. Your obligations and responsibilities under these Terms.
3. Your violation of any of the provisions of these Terms.
4. Your infringement of the rights of any other person or entity.
To the maximum extent permitted by applicable law, you agree to indemnify, defend, and hold harmless Vaultex and its current, past, and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors, and assigns (collectively referred to as the 'Company Parties') from and against any and all claims, demands, actions, damages, losses, costs, and expenses (including attorneys' fees) arising from or related to:
The Company reserves the right to take control of the defense of any claim subject to indemnification under this section, at your expense. This indemnification clause is in addition to, and not in substitution for, any other indemnification provisions set forth in any written agreement with you.
14. PERSONAL INFORMATION
By using the website and agreeing to these Terms, you also consent to our Privacy Policy, which governs the submission of your personal information. Please visit the Privacy section on our website for more information.
15. FORCE MAJEURE
Vaultex shall not be held liable for any delays, failure in performance, or interruptions of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to: any delay or failure due to any acts of God, acts of civil or military authorities, acts of terrorism, civil or industrial disturbances, blockages, embargoes, war, strikes or other labor disputes, fire, earthquakes, storms or other nature-related events, interruption in electrical telecommunications or Internet services or network provider services, failure of hardware equipment and/or software or other utility failures, smart contract bugs or weaknesses, technological changes, changes in interest rates or other monetary conditions, and, for the avoidance of doubt, changes to any blockchain-related protocol, other catastrophe, or any other occurrences which are beyond our reasonable control, and shall not affect the validity and enforceability of any remaining provisions. If we are unable to perform our Services outlined in the Terms due to factors beyond our control, including, but not limited to, the aforementioned force majeure events or changes in applicable laws and/or sanctions policies, we shall not be liable for the Services provided under these Terms during the time period coincident with the event in question.
16. COPYRIGHTS AND OTHER INTELLECTUAL PROPERTY RIGHTS
All copyright and intellectual property rights in the content and materials found on our website or provided with the Services, including the Vaultex logo, designs, text, graphics, images, information, data, software, sound files, and other files, as well as their selection and arrangement (referred to collectively as 'Vaultex Materials'), are the exclusive property of Vaultex or our licensors or suppliers, protected by international copyright and intellectual property laws.
We grant you a limited, non-exclusive, and non-sublicensable license to access and utilize the Vaultex Materials for your personal or internal business purposes. This license is subject to these Terms and does not authorize (a) the resale of the Vaultex Materials; (b) the distribution, public performance, or public display of any Vaultex Materials; (c) the modification or creation of derivative works based on the Vaultex Materials, in whole or in part; or (d) the use of the Vaultex Materials for purposes other than their intended ones. This license automatically terminates if we suspend or terminate your access to the Services.
17. OWNERSHIP; PROPRIETARY RIGHTS
The Service is owned and operated by Vaultex. The visual interfaces, graphics, design, compilation, information, data, computer code (including source code or object code), products, software, services, and all other elements of the Service (“Materials”) provided by Vaultex are protected by intellectual property and other laws. All Materials included in the Service are the property of Vaultex or its third-party licensors. Except as expressly authorized by Vaultex , you may not make use of the Materials. “Vaultex ” and its logos are trademarks of Vaultex . All other trademarks appearing in the Service are the property of their respective owners. Vaultex reserves all rights to the Materials not granted expressly in these Terms.
18. RESTRICTED
You are not allowed to acquire or utilize any of Vaultex’s Products or Services if you reside, hold citizenship, or pay taxes to the United States of America or its territories. Similarly, if you are a citizen or resident of certain countries/regions under international sanctions, including but not limited to Afghanistan, Belarus, Balkans, Burma (Myanmar), Cuba, Central African Republic, Ethiopia, Hong Kong, Iran, Iraq, Democratic People’s Republic of Korea (North Korea), Lebanon, Libya, Republic of Sudan (Sudan), Republic of South Sudan (South Sudan), Syria, Venezuela, the Russian Federation (Russia), Regions of Ukraine (Crimea, Donetsk, and Luhansk), Yemen, or Zimbabwe, you are not permitted to purchase or utilize any of our Products or Services.
Moreover, if you are an individual or entity subject to international sanctions, such as those enumerated by the US Treasury list or the EU person sanctions list, you are prohibited from acquiring or utilizing any of our Products or Services.
Lastly, it is against our policy to purchase or utilize any of our Products or Services if you are a resident or citizen of a country where the acquisition of Vaultex may be restricted by law.
19. THIRD PARTY SERVICES
Cryptocurrency rates. All cryptocurrency rates available in the Vaultex Mobile Non-Custodial Applications are supported by: Binance. The original terms and use are available at https://www.binance.com/en/terms
19.2. Cryptocurrency transaction information. User’s balance and actual transaction history are supported by each cryptocurrency block explorer e.g. https://etherscan.io , etc.
19.3. Virtual currency exchange. Vaultex Wallet provides virtual currency conversion of a fiat currency to cryptocurrency and vice versa through our third-party partners. The rules described in the Terms of Use of our partners apply to you in full. Please refer to and respect the relevant Terms of Use available here:
PayBis. The original terms of use are available at https://paybis.com/policies/terms-of-service
Providers payment processing is subject to local bank policies. Issuer banks may decline the payment on their own terms.
Vaultex Wallet may provide information about third-party products, services, activities or events, or may allow third parties to make their content and information available on or through the Services. Vaultex Wallet provides Third-Party providers as a service to those interested in such content. Your dealings or correspondence with third parties and your use of or interaction with any Third-Party Content are solely between you and the third party. Vaultex Wallet does not control or endorse, and makes no representations or warranties regarding any Third-Party providers, and your access to and use of such Third-Parties is at your own risk.
In no event shall a description or reference to a third party’s product or service (including, but not limited to, providing a description or reference via hyperlink) be construed as an endorsement or promotion of such third party products or services by us. We retain the exclusive right to add to, modify, or cancel the availability of any Third Party Service. You may agree to receive push notifications from Third Party Content providers. In order to receive push notifications, you must opt in to the service. Push notifications will not be automatically enabled on your device for Third Party Content. We do not control, endorse, or adopt any Third Party Content shared through push notifications, and will have no responsibility for Third Party Content including, but not limited to, token availability and/or sales. If, to the extent permitted by Vaultex Wallet, you grant express permission to a third party to access or connect to your Vaultex Wallet account, either through the third party’s product or service or through Vaultex Wallet, you acknowledge that granting permission to a third party to take specific actions on your behalf does not relieve you of any of your responsibilities under these Terms. You are fully responsible for all acts or omissions of any third party with access to your wallet.
20. ERRORS, INACCURACIES AND OMISSIONS
There may be occurrences of typographical errors, inaccuracies, or omissions in the information presented on our website or within the Service, including product and service descriptions, pricing, promotions, offers, or availability. We reserve the right to rectify any such errors, inaccuracies, or omissions and may modify or update information or cancel any details in the Service or on any associated website that is found to be inaccurate without prior notice. While we strive to provide accurate and up-to-date information, we are not obligated to continually update, amend, or clarify information in the Service or on related websites, including pricing details, except where required by law. The absence of a specified update or refresh date should not be interpreted as an indication that all information in the Service or related website has been modified or updated.
21. Vaultex PARTNERS
21.1. Verification procedures Vaultex Wallet’s partners:
https://changelly.com/terms-of-use
https://paybis.com/policies/terms-of-service21.2. Fiat exchange Vaultex Wallet’s third-party partners:
https://paybis.com will require the User to provide them with a reliable ID. We highly recommend that you first read their terms of service here:
https://paybis.com/policies/terms-of-service
22. DISCONTINUANCE OF SERVICES
Vaultex may, in our sole discretion and without cost to you, with or without prior notice, and at any time, modify or discontinue, temporarily or permanently, any portion of our Services. You are solely responsible for storing outside of the Services a backup of any wallet address and private key pair that you maintain in your wallet. Maintaining an external backup of any wallet address and private key pairs associated with your wallet will allow you to access the blockchain network upon which your wallet is secured. Such a backup will allow you to fully restore your wallet at any time without cost or loss of your Digital Assets. If you do not maintain a backup of your wallet data outside of the Services, you will not be able to access the Digital Assets associated with your wallet. Vaultex shall not be held responsible or liable for any loss of Digital Assets in the event that we discontinue all or any part of the Services.
23. GOVERNING LAW AND DISPUTES
23.1. Governing Law & Disputes:
These Terms of Use & Service and any separate agreements whereby Vaultex provides you with services shall be governed by and construed in accordance with the laws of Nevis
23.2. Waiver:
Both parties (you and Vaultex ) waive their rights to go to court and have a trial before a judge or a jury. Furthermore, all claims must be arbitrated or litigated individually and not on a class basis. Claims of more than one customer cannot be arbitrated or litigated jointly or consolidated with those of any other customer or user.
23.3. Claims Settlement:
In the event of any disagreement, all parties are encouraged to attempt resolving their issues related to the Terms of Use & Service or any product or service provided by Vaultex through informal discussion, negotiation, or arbitration, as outlined below.
By agreeing to these terms, you waive your rights to pursue court trials before a judge or jury, including constitutional and statutory rights. Furthermore, all claims must be resolved through arbitration or litigation individually, not on a class basis. Claims of multiple customers cannot be combined for arbitration or litigation jointly or consolidated with those of any other customer or user.
Any unresolved claims or disputes shall be settled through binding arbitration, as detailed below. This arbitration agreement applies to you, Vaultex, its directors, officers, employees, affiliates, agents, contractors, interns, shareholders, suppliers, service providers, licensees, successors, or assigns.
Before commencing arbitration, the concerned party must send a Notice of Dispute explaining the nature and basis of the claim or dispute and the desired relief. The Notice of Dispute to Vaultex should be sent via registered mail to its registered office in Nevis. If the claim remains unresolved for 30 days, either party may initiate arbitration proceedings.
Any dispute, controversy, difference, or claim arising from or relating to this contract, including its validity, interpretation, performance, breach, or termination, or any dispute regarding non-contractual obligations arising from or relating to it, shall be referred to and finally resolved by arbitration administered by an arbitration center in Nevis. Nevis law governs this arbitration clause, and the seat of arbitration is also in Nevis. The arbitration panel comprises three arbitrators, and proceedings are conducted in English. The arbitration center`s decisions are binding and final, and all aspects of the arbitration proceedings, including the arbitrator`s award, are strictly confidential. In any case, any claim against Vaultex shall not exceed the amount you paid to Vaultex for the services and products.
24. MISCELLANEOUS
24.1. Entire Agreement: These Terms, including any additional terms, rules, and conditions of participation that may be posted on the Site, along with the Privacy Policy, constitute the complete and exclusive agreement regarding the Interface for Vaultex , and it supersedes any prior agreements, whether oral or written.
24.2. Survival: If these Terms are terminated for any reason, all rights and obligations of the parties that, by their nature, are continuing will remain in effect and survive such termination.
24.3. Severability: If any provision of this agreement is found invalid or unenforceable under applicable law, it shall be modified to the minimum extent necessary to make it valid and enforceable. If it cannot be made valid and enforceable, it shall be severed and deleted from this Agreement. However, the change shall not affect the validity of the amended provision or the validity of any other provision of this agreement, which will continue in full force and effect.
24.4. Assignment. You agree that Vaultex may assign any of our rights and/or transfer, sub-contract, or delegate any of our obligations under these Terms without any notice or consent from you. These Terms will bind and inure to the benefit of the parties, their successors and permitted assigns. Your agreement to these Terms is personal to you and you may not transfer or assign it to any third party.
24.5. Modification Of Terms And Conditions. Vaultex reserves the right to update or modify these Terms at any time at our sole discretion. If we do so, we’ll let you know by either posting the revised Terms on our website, on our mobile application or through other methods of communication which we deem reasonable. Such revised Terms as posted will take effect immediately, unless otherwise indicated. You should regularly check our website to inform yourself of any such changes and decide whether or not to accept the revised version of these Terms. If you continue to use Vaultex wallet following any update or modification of the Terms you shall be deemed to have accepted the revised Terms. If you do not agree to the Terms or any update or modification to the Terms, you must cease to access or use our Services. Our Services are evolving over time, we may change or discontinue all or any part of the Services, at any time and without prior notice, and at our sole discretion.
24.6. Temporary Suspension And Termination. Vaultex does not guarantee uninterrupted access to the Platform. The access to Platform or the Services may be disrupted: on the occurrence of Force Majeure Event; for the purposes of repair, maintenance, upgrading or for other similar activities, Vaultex undertakes to take all reasonable measures to minimize any such periods during which the Platform and the Services are unavailable and shall put best effort in resuming the Services and the Platform.
Vaultex shall not be responsible or liable for any losses or damages suffered due to any of the events specified in above due to the suspension of Services or due to the inability to cure such events. In the event of a system failure due to any unforeseeable circumstances or disruption, the access to Platform and Services may be temporarily suspended and no information may be accepted during such suspension. All provisions of the T&C, which by their nature should survive termination, shall survive termination, including, without limitation, ownership, warranty, limitations of liability, confidentiality, disclaimers, indemnity.
24.7. No Waiver: The failure or delay of a party to enforce any provision of this Agreement will not be deemed a waiver of the right to enforce that provision or any other provision of this Agreement at any time. Any waiver of a provision in this Agreement must be in writing, specify the provision to be waived, and be signed by the party agreeing to the waiver.
24.8. Notices: Any notice given under or in relation to this agreement to the User can be made by publishing it at the Site. Similarly, any notice made by the user can be sent to the email address provided in the Contact details section of Vaultex .
25. SUPPORT
In case of any questions regarding the Vaultex platform, please, reach us at hello@Vaultex.co