Cryptocurrency Transactions Clause Samples
The Cryptocurrency Transactions clause defines the rules and procedures governing the use of digital currencies within the scope of the agreement. It typically outlines which cryptocurrencies are acceptable for payment, how transaction values are determined (such as using prevailing exchange rates), and addresses issues like transaction fees or blockchain confirmations. This clause ensures both parties understand the terms and risks associated with using cryptocurrencies, providing clarity and reducing disputes related to digital asset payments.
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Cryptocurrency Transactions. Once a cryptocurrency transfer is submitted to a cryptocurrency network, the transaction will be unconfirmed and remain in a pending state for a period of time sufficient to confirmation of the transaction by the cryptocurrency network. A cryptocurrency transfer is not complete while it is in a pending state. Pending cryptocurrency transfers that are initiated from a ▇▇▇.▇▇ Account may reflect a pending transaction status and may not be available to you for use on the ▇▇▇.▇▇ platform or otherwise while the transaction is pending. When you or a third party sends cryptocurrency to a ▇▇▇.▇▇ Account from an external wallet or account not hosted on ▇▇▇.▇▇, the person initiating the transaction is solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state outside of ▇▇▇.▇▇’s control and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions. By initiating an transfer to ▇▇▇.▇▇, you attest that you are transacting in a cryptocurrency that is identified as trading on the ▇▇▇.▇▇ Website which conforms to the particular ▇▇▇.▇▇ wallet into which funds are directed. ▇▇▇.▇▇ incurs no obligation whatsoever with regard to unsupported digital currency sent to a ▇▇▇.▇▇ Account or supported cryptocurrency sent to an incompatible cryptocurrency wallet address. Erroneously transmitted funds will be lost. We recommend customers send a small amount of cryptocurrency as a test prior to initiating a send of a significant amount of supported cryptocurrency. When you send cryptocurrency from your ▇▇▇.▇▇ Account to an external address, such transfers are executed at your instruction by ▇▇▇.▇▇. You should verify all transaction information prior to submitting instructions to us. ▇▇▇.▇▇ shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address. We do not guarantee the identity or value received by a recipient of a transfer initiated by you. Cryptocurrency transfers cannot be reversed once they have been broadcast to the relevant cryptocurrency network, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators. ▇▇▇.▇▇ does not control the...
Cryptocurrency Transactions. Ensuring the completion of all proposed Cryptocurrency Transactions, confirmation and recording in the associated public blockchain of the Cryptocurrency is necessary. These blockchain networks are decentralized and peer-to-peer networks supported by independent third parties that we neither own nor control. As a result, we cannot ensure that any transaction details you submit through our App will be confirmed and processed. While using Defexa Wallet, you acknowledge and agree that:
Cryptocurrency Transactions. 9.1 Order Placement
Cryptocurrency Transactions. Upon execution, digital asset transfers will remain unconfirmed until such time as the transaction has been confirmed by the network. While digital asset transfers are unconfirmed, they may be reflected in your account as pending and may not be available for use until such time as they have been confirmed. CoinFLEX US bears no responsibility to ensure that you, or a third party sending digital assets to your Account, have included sufficient network fees to complete your transfer. Failure to provide sufficient network fees may result in a transaction to fail, or otherwise remain in a pending state. CoinFLEX US is not responsible for any delays resulting from the failure to properly execute the transfer. CoinFLEX US incurs no obligation whatsoever with regard to unsupported digital currency sent to a CoinFLEX US Account or supported cryptocurrency sent to an incompatible cryptocurrency wallet address. Erroneously transmitted funds will be lost. It is highly recommended that users conduct a test transaction, transferring only a small amount of a digital asset prior to conducting a transfer of a significant amount of digital assets. You acknowledge and agree that when you send digital assets from your CoinFLEX US Account it is your responsibility to ensure that the transaction information, including but not limited to, amount, destination address, and network fees are accurate. CoinFLEX US bears no responsibility for any failed transfers from your Account resulting from inaccurate information provided by you. CoinFLEX US reserves the right to refuse or cancel any transactions as required by law or by any other court, regulator, or governing body to which CoinFLEX US is subject. If CoinFLEX US elects to offer recurring transaction availability, and you initiate recurring transactions, you authorize us to initiate recurring electronic payments in accordance with your selected cryptocurrency or payments, such as recurring automated clearing house (ACH) debit or credit entries from or to your linked bank account. Your recurring transactions will occur in identical, periodic installments, based on your period selection (e.g., daily, weekly, monthly), until either you or CoinFLEX US cancels the recurring order. If you select a bank account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day, although the cryptocurrency ...
Cryptocurrency Transactions