This Terms & Conditions was last updated on September 23, 2022.
This Terms of Service (“Agreement”) is a binding contract between you, an individual or entity user
or authorized representative of such user (“you”) and Amalgamated Token Services Inc. (“ATS”)
and its wholly owned subsidiaries, CoinCarve Services LLC, CoinCarve Lend LLC, and
CoinCarve Markets LLC (collectively with ATS, “CoinCarve”) (also herein referred to as “we,” “us”
or “our”). This Agreement governs your use of any website that links to these terms, including
https://CoinCarve.io/ access to one or more hosted Digital Asset wallets to track, manage, and
arrange the transfer of supported digital currencies; lending and trading in Digital Assets on both
an agency and principal basis; conversion services to arrange for the purchase and sale of Digital
Assets in transactions; and access to a U. S. Dollar acustodianccount for use in connection with
the Services. CoinCarve is not a bank, broker-dealer, tax advisor, or investment adviser and does
not offer these or any related services.
BY ACCESSING OR USING THE SITE OR OUR SERVICES, YOU AGREE THAT YOU HAVE READ,
UNDERSTOOD AND AGREE TO BE BOND BY ALL THE TERMS AND CONDITIONS CONTAINED
IN THIS AGREEMENT.
PART 1 - ACCESS
1. Eligibility. To be eligible to use our Site and Services you must be at least 18 years old and meet
other threshold criteria. For example, we prohibit certain types of entities and individuals from
using our Site and Services including, but not limited to, foreign financial institutions, foreign shell
banks, private banking accounts, senior foreign political figures, FINRA employees, and US
broker-dealer employees.
2. Amendments. We may amend,modify, or add terms to this Agreement by posting it on the Site
or emailing the revised Agreement to you, and the revised Agreement shall be effective at such
time. If you do not agree with any such modification, your sole and exclusive remedy is to
terminate your use of the Services and close your Account. You agree that we shall not be liable
to you or any third party for any modification or termination of the Services, or suspension or
termination of your access to the Services, except to the extent otherwise expressly set forth
herein.
3. CoinCarve Accounts. In order to use CoinCarve, you will need to register for a CoinCarve
Account (a “CoinCarve Account”). During the registration process, we will ask for your
information and at some point verify your identity.
4. Risks. You agree and understand that your access and use of the Site and Services is at your
own risk. Risks include, but are not limited to substantial or total loss when buying, selling, or
holding Digital Assets; limited liquidity; legislative and regulatory changes or actions that may
adversely affect the use, transfer, exchange and value of Digital Assets; Digital Assets are not
insured by the FDIC or SIPC and do not receive any other similar protections; and Digital Assets
may have an increased risk of fraud or cyber attack. For additional information, see our FAQs.
CoinCarve makes no representations regarding the likelihood or probability that your participation
on the Site or in our Services will achieve a particular outcome or goal.
We shall not bear any liability, whatsoever, for any damage or interruptions caused by fraud, cyber
attacks, or any malware such as, but not limited to, computer viruses, spyware, scareware, Trojan
horses, or worms that may affect your computer. We disclaim any and all liability for phishing,
spoofing or other attacks. We advise you to use reputable software for malware screening and
attack prevention. You should also be aware that SMS and email services are vulnerable to
spoofing and phishing attacks and should use care in reviewing messages purporting to originate
from CoinCarve.
You are fully responsible for the security of your account and all activities in connection with your
credentials. Always log into your CoinCarve Account through the CoinCarve Site to review any
transactions or required actions if you have any uncertainty regarding the authenticity of any
communication or notice.
PART 2: LIMITATION OF LIABILITY; NO WARRANTY
IN NO EVENT SHALL CoinCarve, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF
THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, EMPLOYEES OR REPRESENTATIVES,
BE LIABLE (A) FOR ANY AMOUNT GREATER THAN THE VALUE OF THE SUPPORTED DIGITAL
ASSET REFLECTED IN YOUR CoinCarve ACCOUNT OR (B) FOR ANY LOST PROFITS OR
ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES,
WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE,
ARISING OUT OF OR IN CONNECTION WITH EITHER THE AUTHORIZED OR UNAUTHORIZED
USE OF THE SITE OR SERVICES, OR IN CONNECTION WITH THIS AGREEMENT, EVEN IF A
CoinCarve REPRESENTATIVE KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF
SUCH DAMAGES AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER
REMEDY OF ITS ESSENTIAL PURPOSE, EXCEPT TO THE EXTENT OF A FINAL JUDICIAL
DETERMINATION THAT SUCH DAMAGES WERE A RESULT OF CoinCarve GROSS
NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT OR INTENTIONAL VIOLATION OF LAW OR
EXCEPT IN JURISDICTIONS THAT DO NOT ALLOW THE EXCLUSION OR LIMITATION OF
INCIDENTAL OR CONSEQUENTIAL DAMAGES.
SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY
REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. TO THE
MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, CoinCarve SPECIFICALLY
DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. CoinCarve DOES NOT MAKE ANY
REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE SITE, ANY PART OF THE
SERVICES, INCLUDING MOBILE SERVICES, OR ANY OF THE MATERIALS CONTAINED
THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE AND WILL
NOT BE LIABLE FOR ANY LOSSES RELATING THERETO. CoinCarve DOES NOT
GUARANTEE THAT ANY ORDER WILL BE ACCEPTED OR EXECUTED.
Part 3: Crypto Asset Wallets
1. General. Crypto asset wallets are provided by third party custodians which are not owned or
controlled by CoinCarve. Through these third party custodian wallets, we enable you to
monitor the storage, tracking and management of Digital Assets contained in a hosted digital
currency wallet. You will have the ability to request, send and receive (by placing orders), and
store Digital Assets from third parties by giving instructions through the Site. We may limit this
functionality, and we may require you to verify your identity prior to engaging in certain
transactions
Part 4: Transactions
1. Digital Asset Transactions. We process transactions according to the instructions you submit
to us. We do not guarantee the identity of any user, receiver, or another party; therefore, you
should verify that all information is correct prior to sending instructions to us. If you submit an
order, that order will be irrevocable and final unless that order is cancelled prior to execution.
Any pending withdrawals from your CoinCarve Account that have been submitted to a Digital
Asset network will be unconfirmed for a period of time pending sufficient confirmation of the
transaction by the Digital Asset network. Transactions in a pending state may not be available
for CoinCarve to reverse or otherwise alter the transaction. The funds used for your pending
transactions will not be displayed in your account balance or be available to conduct other
transactions.
2. Operation of Digital Asset Protocols. CoinCarve does not own or control the underlying
software protocols that govern the operation of Digital Assets supported on our platform. In
general, the underlying protocols are open source and anyone can use, copy, modify, and
distribute them. By using our Services, you acknowledge and agree (i) that we are not responsible
for operation of the underlying protocols and that we make no guarantee of their functionality,
security, or availability; and (ii) that the underlying protocols are subject to sudden changes in
operating rules (a/k/a “forks”) that could materially affect the value, function, name, and other
attributes of the Digital Asset. In the event of a fork, you agree that we may temporarily suspend
operations (with or without advance notice to you) and that we may, in our sole discretion, decide
whether or not to support either branch of the forked protocol entirely. You acknowledge and
agree that CoinCarve has no responsibility whatsoever for a branch of a forked protocol that is
unsupported.
Part 5: Staking
1. Staking Services. When you hold Digital Assets in your CoinCarve Account, you may be able
to “stake” these assets in a third-party proof-of-stake network via staking services facilitated
by CoinCarve. In a proof-of-stake network, transaction validators are chosen using a formula
based on ownership of the underlying Digital Asset as opposed to computing power (i.e.,
proof of work). Our custodian partners will stake these assets on your behalf. In addition,
CoinCarve entities or its service providers may serve as transaction validators or similar
nodes on their own behalf on the networks where these assets are staked. In this capacity,
neither CoinCarve nor its affiliated entities uses your Digital Assets.
2. Automatic Voting Proxy. If you stake your assets with us, you agree to give us, the protocol,
our custodian or node operation partners your proxy to vote on any governance issues
relating to the staked Digital Asset, and you waive any right to any claim related to any such
voting right. Further, unless we or our custodian partner determines that it is in the best
interests of such custodian partner, CoinCarve, or you to vote on such governance matters,
the custodian or node operation partner shall abstain from participating in any such vote.
3. No Guarantee. You have no right to a reward until it is received by the designated protocol or
our custodian partner and processed by CoinCarve and until you have maintained a positive
balance for at least three (3) consecutive days during the applicable period. Your reward will
be distributed on a pro-rata basis based on your average balance of the particular Digital
Asset to the total of all rewards received by our custodian partner and processed by
CoinCarve during the applicable period. Rewards will be distributed to your CoinCarve
Account once per month unless otherwise provided. CoinCarve will use reasonable efforts to
facilitate the staking of any Digital Assets for which you are using CoinCarve’s staking
services. The “staking rewards rate” is disclosed by CoinCarve for each particular Digital
Asset. For any Digital Asset listed for less than 90 days, CoinCarve shall use commercially
reasonable efforts to determine a reward rate that it determines is reasonably likely to be
achieved for the following month. This rate is an estimate and changes over time.
CoinCarve DOES NOT GUARANTEE THAT YOU WILL RECEIVE ANY STAKING REWARDS,
ANY SPECIFIC STAKING REWARD, OR ANY STAKING RETURN OVER TIME, INCLUDING
THE STAKING REWARDS RATE. ALL SUCH REWARDS ARE BASED ENTIRELY ON THE
UNDERLYING PROTOCOL OF THE APPLICABLE DIGITAL ASSET.
4. CoinCarve reserves the right in its sole and absolute discretion to cease providing staking
services, including discontinuing the accrual of any rewards, in the event that CoinCarve
suspects any fraud, misconduct, potential compromise of the underlying protocol or any other
Prohibited Use or Prohibited Business.
Part 6: General Provisions
1. Limited License. We grant you a limited, nonexclusive, nontransferable license, subject to the
terms of this Agreement, to access and use the CoinCarve Site, and related content, materials,
information (collectively, the “Content”) solely for approved purposes as permitted by CoinCarve
from time to time. Any other use of the Site or Content is expressly prohibited and all other right,
title, and interest in the Site or Content is exclusively the property of CoinCarve and its licensors.
You agree you will not copy, transmit, distribute, sell, license, reverse engineer, delete or modify,
interfere with, publish, or participate in the transfer or sale of, create derivative works from, or in
any other way exploit any of the Content, in whole or in part. The website “https://
CoinCarve.io/”, “CoinCarve”,. You may not copy, imitate, or use them without our prior written
consent.
2. Website Accuracy. The CoinCarve Site (including, without limitation, the Content) may not
always be entirely accurate, complete or current and may also include technical inaccuracies or
typographical errors. In an effort to continue to provide you with as complete and accurate
information as possible, information may be changed or updated from time to time without notice,
such as, but not limited to, information regarding our policies, products, and services.
Accordingly, you should verify all information before relying on it, and all decisions based on
information contained on the Site are your sole responsibility and we shall have no liability for
such decisions. Links to third-party materials (including, without limitation, websites) may be
provided as a convenience but are not controlled by us. You acknowledge and agree that we are
not responsible for any aspect of the information, content, or services contained in any third-party
materials or on any third party sites accessible or linked to the Site.
3. Suspension, Termination, and Cancellation. CoinCarve may: (a) suspend, restrict, or terminate
your access to any or all of the Services, and/or (b) deactivate or cancel your account if: we are so
required by a facially valid subpoena, court order, or binding order of a government authority; we
reasonably suspect you of using your CoinCarve Account in connection with a Prohibited Use or
Business; your use of your CoinCarve Account or our Services is subject to any pending
litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal
or regulatory non-compliance associated with your activity; our service partners are unable to
support your use; or you take any action that CoinCarve deems as circumventing our controls,
including, but not limited to, opening multiple CoinCarve Accounts or abusing promotions which
CoinCarve may offer from time to time. We are not responsible for any losses, whether direct or
indirect, that you may incur as a result of our compliance with applicable law and regulations, the
guidance or direction of any regulatory authority or government agency, or any writ of attachment,
lien, levy, subpoena, warrant, or other legal order.
If CoinCarve suspends or closes your account, or terminates your use of the Services for any
reason, we will provide you with notice of our actions unless a court order or other legal or
regulatory process prohibits CoinCarve from providing you with such notice. You acknowledge
that CoinCarve’s decision to take certain actions, including limiting access to, suspending, or
closing your Account, may be based on confidential criteria that are essential to CoinCarve’s risk
management and security protocols. You agree that CoinCarve is under no obligation to disclose
the details of its risk management and security procedures to you.
You will be permitted to transfer Digital Assets or funds associated with your Digital Asset wallet(s)
and/or your USD Wallet(s) for ninety (90) days after Account deactivation or cancellation unless
such transfer is otherwise prohibited (i) under the law, including but not limited to applicable
sanctions programs, or (ii) by a facially valid subpoena or court order or (iii) due to a violation of
the terms of this agreement including but not limited to a Prohibited Use violation, unless by
operation of law or with the express permission of CoinCarve Markets. You may cancel your
CoinCarve Account at any time by withdrawing all balances from your account and contacting
us. You will not be charged for canceling your account, but you may be required to pay
withdrawal fees and any outstanding amounts owed to us or our custodian partners. You
authorize us to cancel or suspend any pending transactions at the time of cancellation.
4. Unclaimed Property. If you have assets or funds in your account, and CoinCarve is unable to
contact you and has no record of your use of our Services for a year or more, applicable law may
require us to report and/or deliver these assets or funds as unclaimed property to the applicable
jurisdiction. Prior to doing so, CoinCarve will try to locate you with the information shown in our
records. CoinCarve reserves the right to deduct a dormancy fee or other administrative charges
from such unclaimed funds, as permitted by applicable law.
Part 7: Customer Feedback, Queries, Complaints, and Dispute Resolution.
1. Contact CoinCarve . If you have any feedback, questions, or complaints, email us. When you
contact us please provide us with your name, address, and any other information that we may
need to identify you, your CoinCarve Account, and the transaction on which you have
feedback, questions, or complaints.
Part 8: Other Provisions
1. Entire Agreement. This Agreement, the Privacy Policy, E-Sign Consent, onboarding
representations, trade confirmations, appendices incorporated by reference herein, together
with the Subscriber Agreement, Lending Agreement, OTC Agreement or other ancillary
agreement, if any, comprise the entire understanding and agreement between you and
CoinCarve as to the subject matter hereof, and supersedes any and all prior discussions,
agreements and understandings of any kind (including, without limitation, any prior versions of
this Agreement), and every nature between and among you and CoinCarve. Section headings
in this Agreement are for convenience only, and shall not govern the meaning or interpretation
of any provision of this Agreement.
2. Taxes and W-9 Certification. You acknowledge that it is your sole responsibility to withhold,
collect, report, and remit the correct amounts of taxes to the appropriate tax authorities. If you
are a United States person then as a condition of using CoinCarve’s Services you certify
under penalties of perjury that
3. ○ The Social Security number or Employer Identification Number you provided is correct; and
4. ○ You are not subject to backup withholding due to the failure to report interest and dividend
income.
5. Further, you understand and acknowledge that CoinCarve does not provide tax or legal
advice and that CoinCarve will report certain transactions to the Internal Revenue Service to
the extent and manner in which it is required to do so by law.
APPENDIX 1: PROHIBITED USE, PROHIBITED BUSINESSES AND CONDITIONAL USE
Prohibited Use
You may not use your CoinCarve Account to engage in the certain categories of activity
(“Prohibited Uses”) including those listed in this section. The specific types of use listed below are
representative, but not exhaustive. If you are uncertain as to whether or not your use of the
Services involves a Prohibited Use, or have questions about how these requirements apply to
you, contact us
Unlawful Activity: Activity which would violate, or assist in violation of, any law, statute, ordinance,
or regulation, sanctions programs administered in the countries where CoinCarve conducts
business, including but not limited to the U.S. Department of Treasury's Office of Foreign Assets
Control (“OFAC”), or which would involve proceeds of any unlawful activity; publish, distribute or
disseminate any unlawful material or information;
Abusive Activity: Actions which impose an unreasonable or disproportionately large load on our
infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or
information (including the use of bots or scripts); transmit or upload any material to the Site that
contains viruses, trojan horses, worms, or any other harmful or deleterious programs; attempt to
gain unauthorized access to the CoinCarve Site, other CoinCarve Accounts, computer systems
or networks connected to the CoinCarve Site, through password mining or any other means; use
CoinCarve Account information of another party to access or use the CoinCarve Site (CoinCarve
regards the accessing of multiple CoinCarve Accounts from the same device to indicate potential
abusive activity); or transfer your account access or rights to your account to a third party or by
purchase of a CoinCarve account, unless by operation of law;
Abuse Other Users: Interfere with another individual's or entity's access to or use of any
CoinCarve Services; defame, abuse, extort, harass, stalk, threaten or otherwise violate or infringe
the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of
others; incite, threaten, facilitate, promote, or encourage hate, racial intolerance, or violent acts
against others; harvest or otherwise collect information from the CoinCarve Markets Site about
others, including without limitation email addresses, without proper consent;
Fraud: Activity which operates to defraud CoinCarve, its users, or any other person; provide any
false, inaccurate, or misleading information to CoinCarve (CoinCarve regards temporary email
addresses and disposable email addresses to be forms of misleading information);
Gambling: Lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports
leagues with cash prizes; internet gaming; contests; sweepstakes; games of chance.
Prohibited Businesses
In addition to the Prohibited Uses described above, the following categories of businesses,
business practices, and sale items are barred from CoinCarve(“prohibited Businesses”). The
specific types of use listed below are representative, but not exhaustive. If you are uncertain as to
whether or not your use of CoinCarve involves a Prohibited Business, or have questions about
how these requirements apply to you, please contact us
By opening a CoinCarve Account, you confirm that you will not use CoinCarve Services in
connection with any of the following businesses, activities, practices, or items:
Investment and Credit Services: Securities brokers; mortgage consulting or debt reduction
services; credit counseling or repair; real estate opportunities; investment schemes;
Restricted Financial Services: Check cashing, bail bonds; collections agencies.
Intellectual Property or Proprietary Rights Infringement: Sales, distribution, or access to
counterfeit music, movies, software, or other licensed materials without the appropriate
authorization from the rights holder;
Counterfeit or Unauthorized Goods: Unauthorized sale or resale of brand name or designer
products or services; sale of goods or services that are illegally imported or exported or which are
stolen;
Regulated Products and Services: Marijuana dispensaries and related businesses; sale of
tobacco, e-cigarettes, and e-liquid; online prescription or pharmaceutical services; age restricted
goods or services; weapons and munitions; gunpowder and other explosives; fireworks and
related goods; toxic, flammable, and radioactive materials; products and services with varying
legal status on a state-by-state basis;
Drugs and Drug Paraphernalia: Sale of narcotics, controlled substances, and any equipment
designed for making or using drugs, such as bongs, vaporizers, and hookahs;
Pseudo-Pharmaceuticals: Pharmaceuticals and other products that make health claims that have
not been approved or verified by the applicable local and/or national regulatory body;
Substances designed to mimic illegal drugs: Sale of a legal substance that provides the same
effect as an illegal drug (e.g., salvia, kratom);
Adult Content and Services: Pornography and other obscene materials (including literature,
imagery and other media); sites offering any sexually-related services such as prostitution,
escorts, pay-per view, adult live chat features;
Multi-level Marketing: Pyramid schemes, network marketing, and referral marketing programs;
Unfair, predatory or deceptive practices: Investment opportunities or other services that promise
high rewards; Sale or resale of a service without added benefit to the buyer; resale of government
offerings without authorization or added value; sites that we determine in our sole discretion to be
unfair, deceptive, or predatory towards consumers;
High risk businesses: any businesses that we believe poses elevated financial risk, legal liability,
or violates card network or bank policies.
Conditional Use
Express written consent and approval from CoinCarve must be obtained prior to using
CoinCarve Services for the following categories of business and/or use ("Conditional Uses").
Consent may be requested by contacting us. CoinCarve may also require you to agree to
additional conditions, make supplemental representations and warranties, complete enhanced
on-boarding procedures, and operate subject to restrictions if you use CoinCarve Markets
Services in connection with any of following businesses, activities, or practices:
Money Services: Money transmitters, Digital Currency transmitters; currency or Digital Currency
exchanges or dealers; gift cards; prepaid cards; sale of in-game currency unless the merchant is
the operator of the virtual world; act as a payment intermediary or aggregator or otherwise resell
any of the CoinCarve Services;
Charities: Acceptance of donations for nonprofit enterprise;
Games of Skill: Games which are not defined as gambling under this Agreement or by
law, but which require an entry fee and award a prize;
Religious/Spiritual Organizations: Operation of a for-profit religious or spiritual organizations.
APPENDIX 2: VERIFICATION PROCEDURES AND LIMITS
As a regulated financial service company operating in the US we are required to identify users on
our platform. This ensures we remain in compliance with KYC/AML laws in the jurisdictions in
which we operate, something that is necessary for us to be able to continue to offer digital
currency exchange services to our customers. CoinCarve and our affiliates collect and verify
information about you in order to: (a) protect CoinCarve and the community from fraudulent
users, and (b) to keep appropriate records of CoinCarve customers, and (c) manage any
transaction limitations
All customers who wish to use CoinCarve Services, including the sending and receiving of Digital
Assets reconciled to a blockchain, are required to establish a CoinCarve Account by:
● Providing your name and valid email address, password and your state and country of
residence, and certify that you are 18 years or older,
● Accepting Terms of Service, onboarding confirmations, Subscriber Agreement and Privacy
Policy, and
● Verifying your identity by submitting the following information (CoinCarve reserves the right to
request additional information as needed; additional information may be requested of entities
such as companies and trusts):
1. Full Name
2. Date of Birth
3. Physical address
4. Social Security Number (or identification number from a government-issued ID for certain
types of customers)
5. Telephone number
● Submitting a selfie picture from your webcam or mobile phone, as may be
required.
● Submit a copy of an acceptable form of identification (i.e. passport, state driver's
license, or state identification card)
Users may be required to sign transactions prior to sending them to CoinCarve's Custodian
Partner. Notwithstanding these minimum verification procedures, CoinCarve may require you to
provide or verify additional information, or to wait some amount of time after completion of a
transaction, before permitting you to use any CoinCarve Service and/or before permitting you to
engage in transactions beyond certain volume limits.
APPENDIX 3: E-SIGN DISCLOSURE AND CONSENT
This policy describes how CoinCarve delivers communications to you electronically. We may
amend this policy at any time by providing a revised version on our website. The revised version
will be effective at the time we post it. We will provide you with prior notice of any material
changes via our website.
Electronic Delivery of Communications
You agree and consent to receive electronically all communications, agreements, documents,
notices and disclosures (collectively, “Communications”) that we provide in connection with your
CoinCarve Account and your use of CoinCarve Services. Communications include:
● Terms of use and policies you agree to (e.g., the CoinCarve SubscriberAgreement, Terms of
Service and Privacy Policy), including updates to these agreements or policies;
● Account details, history, transaction receipts, confirmations, and any other Account or
transaction information;
● Legal, regulatory, and tax disclosures or statements we may be required to make available to
you; and
● Responses to claims or customer support inquiries filed in connection with your Account.
We will provide these Communications to you by posting them on the CoinCarve website,
emailing them to you at the primary email address listed in your CoinCarve profile,
communicating to you via instant chat, and/or through other electronic communication such as
text message.
Hardware and Software Requirements
In order to access and retain electronic Communications, you will need the following computer
hardware and software:
● A device with an Internet connection;
● A current web browser that includes 128-bit encryption (e.g. Internet Explorer
version 9.0 and above, Firefox version 3.6 and above, Chrome version 31.0 and
above, or Safari 7.0 and above) with cookies enabled;
● A valid email address (your primary email address on file with CoinCarve);
● Multifactor Authentication enabled; and
● Sufficient storage space to save past Communications or an installed printer to
print them.
How to Withdraw Your Consent
You may withdraw your consent to receive Communications electronically by contacting us or
visiting our Privacy Notice page here. If you fail to provide consent or if you withdraw your
consent to receive Communications electronically, CoinCarve reserves the right to immediately
close your Account or charge you additional fees for paper copies.
Updating your Information
It is your responsibility to provide us with a true, accurate and complete email address and your
contact information, and to keep such information up to date. You understand and agree that if
CoinCarve sends you an electronic Communication but you do not receive it because your
primary email address on file is incorrect, out of date, blocked by your service provider, or you are
otherwise unable to receive electronic Communications, CoinCarve will be deemed to have
provided the Communication to you.
You may update your information by logging into your account and visiting profile or by contacting
our support team.
APPENDIX 4: STATE LICENSE DISCLOSURES
CoinCarve ( “CoinCarve”) maintains licenses to engage in money transmission activities in many
states, and these licenses may impact our provision and your use of certain CoinCarve Markets
Services depending on where you live. CoinCarve Markets' licenses and corresponding required
disclosures can be found on the CoinCarve Licenses Disclosure page
Please note the following disclosures associated with virtual currency:
● Virtual currency is not legal tender, is not backed by the government, and accounts and value
balances are not subject to Federal Deposit Insurance Corporation or Securities Investor
Protection Corporation protections.
● Legislative and regulatory changes or actions at the state, federal, or international level may
adversely affect the use, transfer, exchange, and value of virtual currency.
● Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or
accidental transactions may not be recoverable.
● Some virtual currency transactions shall be deemed to be made when recorded on a public
ledger, which is not necessarily the date or time that the customer initiates the transaction.
● The value of virtual currency may be derived from the continued willingness of market
participants to exchange fiat currency for virtual currency, which may result in the potential for
permanent and total loss of value of a particular virtual currency should the market for that virtual
currency disappear.
● There is no assurance that a person who accepts a virtual currency as payment today will
continue to do so in the future.
● The volatility and unpredictability of the price of virtual currency relative to fiat currency may
result in significant loss over a short period of time.
● The nature of virtual currency may lead to an increased risk of fraud or cyber attack.
● The nature of virtual currency means that any technological difficulties experienced by
CoinCarve may prevent the access or use of a customer's virtual currency.
● Any bond or trust account maintained by CoinCarve t for the benefit of its customers may not
be sufficient to cover all losses incurred by customers.
● Withdrawal can be stopped
POTENTIAL USERS OF DIGITAL OR VIRTUAL CURRENCIES, INCLUDING BUT NOT LIMITED TO
BITCOIN, SHOULD BE FOREWARNED OF A POSSIBLE FINANCIAL LOSS AT THE TIME THAT
SUCH CURRENCIES ARE EXCHANGED FOR FIAT CURRENCY DUE TO AN UNFAVORABLE
EXCHANGE RATE. A FAVORABLE EXCHANGE RATE AT THE TIME OF EXCHANGE CAN RESULT
IN A TAX LIABILITY. PLEASE CONSULT YOUR TAX ADVISOR REGARDING ANY TAX
CONSEQUENCES ASSOCIATED WITH YOUR HOLDING OR USE OF DIGITAL OR VIRTUAL
CURRENCIES.
More inquiries, Contact Us at support@CoinCarve.io
If you have any questions about this Policy, please contact us at
notice@CoinCarve.io.
