P2P Terms and Condition
Date 2022-03-06 11:43:27Lookup 45935
Terms of Service
Terms and Condition
These Terms and Conditions are intended to regulate the relationship between members and the company, and in the case of sub-member provisions, the provisions of Article 19 of the Basic Terms and Conditions are to be confirmed.
The company restricts use of the service by minors or persons with limited abilities. If a minor or person with limited abilities is recognized as a member, the company may process such member without the member's consent.
To create a member's log in order to use the company's services, to access the company's mobile/web page, treatment, and to use all services during the membership period if the member describes information that matches the login information provided to the company. We provide. Decisions will be made based on the member's will. Members must log out, maintain the security of other information, and pay attention to financial accidents that may occur as personal information is requested for reasons attributable to the member.
Crypto-currency (hereinafter referred to as ‘cryptocurrency’) does not have an issuing entity, so no third party (including the company) inside or outside of Korea guarantees the value or guarantees payment. Therefore, the value of cryptocurrency may be subject to great volatility depending on the laws of countries around the world, including the Republic of Korea, policies, authoritative interpretations, and economic environments of countries around the world, including the Republic of Korea. In particular, the interpretation of legal acts regarding cryptocurrency transactions differs from country to country, so there are inherent risks that are different from those of fiat currency, so members must be careful about this.
Coinco Co., Ltd.'s trading service allows members to trade cryptocurrency with other members, send the member's cryptocurrency stored in the member's electronic wallet to another electronic wallet through the blockchain network, or transfer it from another electronic wallet to the member's electronic wallet. This is a service you can receive. Currently, blockchain technology is evaluated as impossible to tamper with by third parties, but this may change at any time due to technological advancement or other unpredictable circumstances.
When a member sends or receives cryptocurrency using the company's services, the transaction details of the cryptocurrency are recorded on the blockchain network, allowing cryptocurrency users around the world to check the authenticity of the transaction, and the process. must pay a certain fee to the miner. At this time, the fee the company receives from the member is paid to the miner, and if the mining difficulty increases or the waiting demand for transmission exceeds the mining supply demand, the miner mines the blockchain that pays the higher fee first, so the company mines. Fees paid to parties may fluctuate.
The company strives to provide service 24 hours a day, 365 days a year, but does not guarantee this. If the service is temporarily suspended due to illegal actions by a member or a third party, or if an error occurs in the service and a problem occurs, such as the transaction records displayed to the member being different from the actual records, the company will resolve the problem and service the service. Resume. At this time, the member may request the company to restore the actual record of the cryptocurrency based on the transaction records held by the company.
Recently, there have been cases of using cryptocurrency as a means of telecommunication financial fraud such as smishing and pharming. Therefore, members must take care to avoid any damage due to telecommunication financial fraud, and if due to telecommunication financial fraud, an investigation by investigative agencies, judicial agencies, administrative agencies, or other public authorities is conducted, the relevant account, electronic wallet, etc. are frozen. If necessary, the company may freeze the account and electronic wallet without the member's consent.
If the company incurs damage due to a member's illegal actions, the company may exercise its legal right to claim compensation from the member. Therefore, please be sure to use the company’s services in compliance with the laws.
Since cryptocurrency trading is carried out at each exchange located in each country, including Korea, members must determine the value of the cryptocurrency they are trading at at their own risk and expense by checking the market price on Coinco Co., Ltd.'s trading service and the prices of other exchanges. You need to evaluate and make a deal. In particular, other exchanges, including Coinco Trading Service Co., Ltd., may conduct server inspections at any time, so there may be a drastic difference between the prices before and after the server inspection. Therefore, if the price of a cryptocurrency rises or falls rapidly, it is necessary to evaluate whether the market price formed by Coinco Trading Service Co., Ltd. appropriately reflects the value of the cryptocurrency immediately after the server inspection is completed.
The company compensates or compensates members for damages caused by circumstances unrelated to the company, such as failures due to reasons attributable to operators or members, including basic telecommunication business operators under the Telecommunications Business Act, or defects in the blockchain underlying cryptocurrency. No compensation will be provided.
The company may conduct server inspections at any time to provide stable service, and members may trade cryptocurrency after the server inspection is completed. In particular, when there is concern that members may incur losses due to reasons such as a computer failure due to a surge in order volume, emergency inspections are carried out to the minimum extent necessary to prevent damages that may occur to members due to errors in the transaction system. We are preventing it.