Terms and Conditions

Last updated on January 06, 2024

1. Introduction

This is a contract between you and CryptoWits Sp. z o.o. (“CryptoWits”), a company organized and existing under the laws of Poland, with its registered office at KRS: 0001077767, NIP: 7252338848, address: 116/52 Piotrkowska Street, zip- code: 90-006; City: Łódź, Republic of Poland.

 

1.1 In this document, references to CryptoWits/we/our/us are to CryptoWits Sp. z o.o. Any references to Customer/you/your are references to you as a customer of CryptoWits and user of our services. Any references to the “Service” include our website and mobile applications.

 

1.2 Please read this document carefully, as it sets out the terms and conditions on which CryptoWits will provide services to you through our website and mobile applications (together our “Platform”).

 

1.3 By creating an Account with CryptoWits and using our Services, you agree that you have read, understood, and accept all of the terms and conditions contained in this Agreement, as well as our Privacy Policy.

 

1.4 This Agreement will govern the use of the Services provided by CryptoWits. If you do not agree to any of the terms in this Agreement, you will not be permitted to use the Services.

 

1.5 Use of cryptocurrency may be subject to various regulations in Poland. It is your responsibility to know the regulatory requirements concerning transactions with cryptocurrency before using the Services.

 

1.6 For the purposes of this Agreement:

 

1.6.1 An “Account” means an online account created by you to access the CryptoWits Services.

 

1.6.2 “Cryptocurrency” means any of the five digital assets offered for exchange on our platform.

 

1.6.3 “Order” means a request for the Services.

 

1.6.4 “Services” means the purchase of Cryptocurrencies from CryptoWits using fiat currency.

 

1.6.5 “Wallet” means a secured digital facility in which Cryptocurrencies are held.

 

1.7 You acknowledge and accept the following DISCLAIMER:

 

1.7.1 The risk of loss in holding or trading Cryptocurrency can be substantial. You should carefully consider whether exchanging or holding cryptocurrency is suitable for you in light of your financial condition.

 

1.7.2 CryptoWits is not responsible for safeguarding your Cryptocurrency or any private keys. We are not responsible for any loss of Cryptocurrency resulting from theft, loss, or mishandling of Cryptocurrency private keys outside our control.

 

  1. Eligibility

2.1 To be eligible to use any of the CryptoWits Services, you confirm that you are:

 

2.1.1 At least 18 years old.

 

2.1.2 A resident of Poland or another country where our services are legally accessible.

 

2.1.3 Able to form legally binding contracts.

 

2.1.4 Willing to provide valid personal identification documents upon request.

 

  1. Services Provided

3.1 CryptoWits provides a platform for exchanging Polish Zloty (PLN) for the following cryptocurrencies: BTC and ETH.

 

3.2 When using the Services, you are buying Cryptocurrency directly from CryptoWits. We do not act as an intermediary between buyers and sellers.

 

3.3 CryptoWits will send Cryptocurrency to the Wallet address you provide at the time of the Order.

 

3.4 CryptoWits does not provide Wallet services or store your Cryptocurrencies.

 

  1. Customer Registration Process

4.1 To use CryptoWits Services, you must register for an Account by providing your name, email address, and accepting these terms and conditions.

 

4.2 You must complete our verification procedures before you can use the CryptoWits Services. This may include providing personal information and identity documents in compliance with Polish anti-money laundering regulations.

 

  1. Cryptocurrency Orders

5.1 You can purchase Cryptocurrencies from us through our Platform, subject to the applicable fees and limits displayed during the purchase flow.

 

5.2 Acceptance of an Order does not guarantee that you will receive the corresponding amount of Cryptocurrency. The Order is conditional upon actual receipt by us of the funds from your bank transfer or other payment method.

 

5.3 Once an Order is confirmed and processed, the Cryptocurrency will be sent to the Wallet address you provided.

 

  1. Fees

6.1 All fees payable under this Agreement are displayed prior to the purchase of Cryptocurrency and shall be paid in Polish Zloty (PLN).

 

6.2 CryptoWits reserves the right to change its fee structure, providing notice to users before implementation.

 

  1. Taxes

You are responsible for determining and paying any applicable taxes on your cryptocurrency transactions in accordance with Polish tax laws.

 

  1. Liability

8.1 CryptoWits shall not be liable for any loss or damage sustained by you as a direct or indirect result of the provision of its Services, except in cases of gross negligence or willful misconduct.

 

8.2 CryptoWits disclaims all liability associated with the inherent risks of using Cryptocurrency, including technical vulnerabilities, regulatory changes, and currency fluctuations.

 

  1. Security

9.1 You are responsible for maintaining the confidentiality of your Account login details and security information.

 

9.2 If you suspect any unauthorized access to your Account, you must contact us immediately.

 

  1. Termination

10.1 CryptoWits may suspend, restrict, or terminate your access to the Services at any time if we reasonably suspect violation of these terms, fraudulent activity, or as required by Polish law.

 

10.2 You may terminate your Account at any time by contacting our customer support.

 

  1. Changes to the Agreement

We may modify these terms from time to time, providing notice of significant changes. Your continued use of the Services after such modifications constitutes acceptance of the updated terms.

 

  1. Governing Law

This Agreement is governed by the laws of Poland. Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the Polish courts.

 

  1. Contact Information

For any questions or concerns regarding these terms or our Services, please contact us at:

 

Email: [email protected]

Address: 116/52 Piotrkowska Street, zip- code: 90-006; City: Łódź, Republic of Poland

 

By using our Services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.