Terms of Use

ACCEPTANCE OF TERMS

Thank you for choosing Lunopool. The following Terms and Conditions and the Privacy policy (together, the “Terms”) apply to any person that registers for and/or opens a Lunopool Account through Lunopool.com or any associated mobile applications, website, or APIs (together, the “Lunopool Site”).

 

The Terms constitute a legally binding agreement between you and Lunopool Pte. Ltd., which is a company incorporated under the laws of Singapore. For further information on Lunopool Pte. Ltd., and its operating subsidiaries, please see the Company Information page on the Lunopool website. For the purposes of these Terms, any reference to “we” “us” “our” “Lunopool” and/or any similar term shall be construed as reference to Lunopool Pte. Ltd.

 

By registering for and opening a Lunopool Account, you unconditionally accept these Terms and agree to be bound by and act in accordance with them. You also accept and agree that you are solely responsible for understanding and complying with all laws, rules, regulations and requirements of the jurisdiction in which you live that may be applicable to your use of the Lunopool Site and/or your Lunopool Account, including but not limited to, those related to export or import activity, taxes or foreign currency transactions. Depending on your country of residence, you may not be able to use all the functions of the Lunopool Site.

Please read these Terms carefully before using the Lunopool Site because they affect your legal rights and obligations.

 

AMENDMENT OF TERMS

Lunopool may amend the Terms from time to time. You should visit the Lunopool website regularly to check when the Terms were last updated (as displayed at the top of this document) and to review the current Terms. We will do our best to notify you of any amendments to the Terms that we consider likely to materially affect your rights and obligations. Any such notice will be posted on the Lunopool Site, or sent by email to the address associated with your Lunopool Account (see Electronic Communications).

 

The continued use of your Lunopool Account, after any amendment to these Terms, constitutes your acceptance of the Terms, as modified by such amendment. If you do not accept the Terms, or any amendment to them, you must immediately stop using the Lunopool Site and your Lunopool Account.

 

ELIGIBILITY

By opening a Lunopool Account, you expressly warrant and represent that:

You are 18 years of age or over and have full capacity to accept the Terms and enter any transaction available through the Lunopool Site;

You will not open, or attempt to open, a Lunopool Account under any name except your own; or use your Lunopool Account to carry out transactions on behalf of a third party;

You will follow the Lunopool Business account application process if you seek to open and use a Lunopool Account for a non-individual legal entity (e.g. a company, trust or partnership);

You will not have more than one Lunopool Account; use or access any Lunopool Account other than your own; or assist any other person in obtaining unauthorised access to any Lunopool Account;

You will provide security for transactions carried out through your Lunopool Account by ensuring there is sufficient Local Currency or cryptocurrency (as the case may be) in your Lunopool Account in advance of any transaction;

You will not allow or facilitate the deposit of Local Currency into your Lunopool Account unless that deposit is made in accordance with the Deposit Requirements (see Deposits);

You will not allow or facilitate the withdrawal of Local Currency from your Lunopool Wallet to a bank account held in the name of a third party (see Withdrawals);

You will not use your Lunopool Account for or in relation to any illegal activity, any Prohibited Activity, in violation of any laws, statutes, ordinances or regulations, or in breach of Lunopool’s Export Controls and Sanctions requirements;

You are not a national or resident of the United States of America.

Any capitalised terms used in this Eligibility section shall have the meaning given to them in these Terms. Reference in these Terms to “Local Currency” means fiat or government issued currency (e.g. USD, GBP, EUR).

 

By opening a Lunopool Account you accept and agree that Lunopool may, without further notice and in its sole discretion, terminate, suspend or restrict the account of any customer who uses, or who we reasonably suspect may be using, the Lunopool Site or any Lunopool Account in a manner that is inconsistent with the letter or spirit of these Terms.

RISKS

Before using the Lunopool Site, you should ensure that you understand the risks involved in buying, selling or trading cryptocurrencies. Cryptocurrency markets can be volatile and prices can fluctuate significantly, which could result in sudden and significant increases or decreases in the value of your assets. This market volatility and other risks involved in buying, selling or trading cryptocurrencies are explained on the risk warning page of the Lunopool website. There may be additional risks not identified in these Terms or in the risk warning.

 

You should carefully assess whether your financial situation and risk tolerance is suitable for buying, selling or trading cryptocurrency. You accept and agree that you are solely responsible for any decision to buy, sell, trade or otherwise hold or deal with cryptocurrency.

ELECTRONIC COMMUNICATIONS

You accept and agree that:

 

any communications, agreements, notices and/or any other documents (together “Communications”) relating to your Lunopool Account or your use of Lunopool’s services will be provided to you electronically by posting them on the Lunopool Site, emailing them to the email address you have provided to us, or through any other form of electronic communication. You consent to receiving all Communications electronically;

you will at all times have available to you the necessary hardware and software to receive, access and retain Communications sent to you electronically, including a device with an internet connection and a valid and accessible email address;

you assume full responsibility for providing Lunopool with a valid and accessible email address to which any Communications may be sent, and for ensuring that email address and any other contact information is kept up to date. Any Communication sent to the email address you have provided to us will be deemed to have been received by you. You can amend your contact information by signing-in to your Lunopool Account and accessing the Settings page.

You may at any time withdraw your consent to receiving Communications electronically by contacting [email protected]. You acknowledge that failure to give, or withdrawing, consent to receiving Communications electronically puts the security of your Lunopool Account at risk (see Account Security) and that Lunopool reserves the right to close your Lunopool Account in the event you fail to give, or withdraw, your consent to the receipt of Communications electronically.