Terms and condition
1. Objectives
It is the goal of Universal Crypto Firm to help users enter and navigate the cryptocurrency space, and provide tools to help users make their own sound decisions relative to growing their wealth. Services are intended for medium- and long-term investors.
2. Activities
2.1 Account creation
Universal Crypto Firm will create the necessary crypto exchange accounts on behalf of, and with permission of the user. Once account set-up is complete, users are provided with the account credentials and password change instructions, at which point users will have full control over their account. Users are the full and sole owner of their exchange accounts and carry all responsibilities that come with opening, holding, and managing such accounts.
2.2 Asset allocation
Universal Crypto Firm uses dynamic, proprietary algorithms to define and perform portfolio allocation, based on user input. Manual trades or transactions conducted by users may limit Universal Crypto Firm’s account monitoring and reporting ability.
2.3 Fund deposits and withdrawals
Users are responsible for depositing and withdrawing funds to/from their account, however Universal Crypto Firm will provide clear instructions on how to do so.
2.4 Account monitoring and reporting
Universal Crypto Firm will continuously monitor user accounts and provide users with a monthly dashboard with easy-to-understand portfolio and performance details.
3. Fees
3.1 Promotions
Universal Crypto Firm reserves the right to apply promotional discounts to the fees listed under 3.1. This is completely at Universal Crypto Firm’s discretion.
3.2 Other fees
Universal Crypto Firm does not charge any additional or hidden fees. For any transaction or trading fees that may be charged by cryptocurrency exchanges and/or banks, users accept full responsibility.
4. Security
4.1 Infrastructure
Universal Crypto Firm is powered by Google Cloud. Google Cloud helps reducing the cost, complexity, and risk associated with security and compliance in the cloud.
4.2 Exchanges
Universal Crypto Firm thoroughly vets its partners and only works with major “top-10” exchanges. User funds remain on their personal exchange account and interactions between Universal Crypto Firm and user accounts are performed by means of customer owned API keys. API access is limited, hence in the unlikely event of a security breach, no fund withdrawal can take place.
5. Disclaimer
5.1 Financial advice
Universal Crypto Firm does not provide financial advice. Universal Crypto Firm is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Bank, Securities Broker, Commodity Trade Advisor, or Financial Planner. The information provided, such as optimal fund allocation, is based on user input and for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using Universal Crypto Firm, users should seek the advice of a qualified investment professional and undertake their own due diligence. Universal Crypto Firm is not responsible for any investment decision made by users.
5.2 Warranties
Universal Crypto Firm disclaims to the full extent authorized by law any and all warranties, whether express or implied, including, without limitation, any implied warranties, merchantability or fitness for a particular purpose. Universal Crypto Firm does not warrant that its services and applications will be free of bugs, errors, viruses or other defects, nor that trade results will be profitable.
5.3 Liability
In no event can Universal Crypto Firm or any of its owners be liable to users or any party related to users for any indirect, incidental, consequential, special, exemplary, or punitive damages, lost profits, or losses, even if Universal Crypto Firm has been advised of the possibility of such damages. In any event, Universal Crypto Firm’s total aggregate liability to users for all damages of every kind and type (regardless of whether based in contract or tort) shall not exceed the fees paid to Universal Crypto Firm for the use of our services or applications.
6. Risks
Investing in any asset class, including crypto currencies, holds numerous risks, for example: technology risks, exchange risks, security risks, regulatory risks. Before deciding to leverage Universal Crypto Firm services, users should carefully consider their investment objectives and risk appetite. The possibility exists that users lose some or all of their initial investment and therefore no money should be invested that users cannot afford to lose.
As with any market, for a transaction to happen it requires a seller, a buyer, and a price agreement. Loss-limiting strategies such as stop-loss orders may not be effective because market conditions or technological issues may make it impossible to execute stop-loss orders. Universal Crypto Firm is not responsible for any losses incurred as a result of using Universal Crypto Firm’s advisory services.
7. Privacy
Universal Crypto Firm is fully compliant with GDPR (General Data Protection Regulation), an EU regulation enforceable as of May 25, 2018. Universal Crypto Firm stores the minimum possible amount of user data necessary to deliver its services. Stored user data includes: name, date of birth, country of residence, email address, and exchange API keys (encrypted). User data will never be shared with any third party before explicit user consent. Users have the right for their user data to be forgotten, which can be requested over email.
8. Communication
The User understands and agrees to the preceding sections. The User also agrees to the following:
- User agrees to not hold Universal Crypto Firm liable for any realized trading loss in any currency or asset;
- User reserves the right to stop using Universal Crypto Firm at any point;
- You agrees and warrants that any information provided to Universal Crypto Firm is accurate and complete;
- User agrees that Universal Crypto Firm is offering a Software as a Service (SaaS). This means that Universal Crypto Firm monitors user accounts on users’ behalf on exchanges that are not affiliated with Universal Crypto Firm;
- User agrees to take full responsibility for identifying and paying any tax liabilities that may exist as a result of trading, or Universal Crypto Firm services in general;
- This agreement is governed by and construed in accordance with the Dutch law and any dispute, which cannot be amicably resolved, shall be submitted to the jurisdiction of the Court in the Netherlands;
- Universal Crypto Firm reserves the right to terminate or deny service to anyone, at any time, for any reason.