Know Your Customer (KYC)

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1. Introduction

Welcome to SelectCoin by FintechSelect ("Company", "we", "us", or "our"). We provide a platform for facilitating cryptocurrency transactions ("Services"). These Know Your Customer (KYC) Terms and Conditions ("Terms") govern your use of our Services and outline the obligations and requirements of users ("you") in relation to your personal information and compliance procedures. By using our Services, you agree to these Terms.

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2. Compliance and KYC Requirements

Our Services are subject to the regulatory environment of Canada, including compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws, as well as any applicable international regulations concerning cryptocurrency transactions. As part of our commitment to compliance, you are required to complete our KYC process.

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3. Information Collection for KYC

To fulfill our KYC requirements, you must provide, but not limited to, the following information:

• Full legal name

• Date of birth

• Nationality

• Address of residence (proof required e.g., utility bill, bank statement)

• Government-issued photo ID (e.g., passport, driver's license)

• Proof of source of funds and wealth

• Cryptocurrency wallet addresses used in transactions with us

We may also require additional information to fulfill our regulatory obligations or to verify the information you have provided.

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4. Purpose of Information Collection

The information collected is used for the following purposes:

• Identity verification

• Transaction monitoring for suspicious activities

• Compliance with legal and regulatory obligations, including but not limited to AML/CTF

• Prevention of fraud, misuse of our Services, and other malicious activities

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5. Security of Information

We implement stringent security measures to protect your personal information and are committed to ensuring the confidentiality and integrity of your data. Your information will only be accessed by authorized personnel and shared with regulatory bodies when legally required or with your explicit consent.

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6. User Obligations

As a user of our Services, you agree to:

• Provide accurate and current information for all KYC procedures

• Update your information promptly if there are any changes

• Not engage in any activities that would constitute a violation of Canadian laws or regulations related to cryptocurrency transactions

• Assume the risks associated with cryptocurrency transactions, including price volatility and technological risks

 

7. Limitation of Liability

The Company is not liable for any losses incurred as a result of regulatory actions, market volatility, technological failures, or unauthorized access to your account due to security breaches not attributable to the negligence of the Company.

 

8. Changes to Terms

We reserve the right to modify these Terms at any time. Any changes will be effective immediately upon posting the revised version on our website. Your continued use of our Services after such changes have been made constitutes your acceptance of the new Terms.

 

9. Governing Law and Jurisdiction

These Terms are governed by the laws of Canada and the laws of the province in which you reside. Any disputes arising from these Terms will be resolved in the courts of said province.

 

10. Contact Information

For questions regarding these Terms or the KYC process, please contact us at support@fintechselect.com.

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User Agreement

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1. Introduction

This User Agreement ("Agreement") and Know Your Customer (KYC) Policy outlines the terms and conditions under which you ("User", "you") may access and use our services ("Services"). By registering for and using our Services, you agree to comply with and be bound by all terms and conditions set forth in this document, as well as any laws and regulations applicable to cryptocurrency transactions in Canada.

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2. KYC Policy

1. Purpose: To comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws in Canada, we require all Users to complete our KYC process. This process is designed to prevent and mitigate possible risks of illegal activities.

2. Information Collection: During the KYC process, you will be required to provide:

   • Full legal name

   • Date of birth

   • Address of residence

   • Government-issued photo ID

   • Proof of address

   • Additional information or documentation as required for verification purposes

3. Verification Process: We reserve the right to use third-party verification services to authenticate your provided information. You consent to the collection, storage, and verification of your personal information by us and by such third parties.

 

3. User Agreement

1. Use of Services: You agree to use our Services only for lawful purposes and in compliance with this Agreement. You are responsible for any transactions made or actions taken in your account.

2. Prohibited Activities: Engaging in fraudulent activities, money laundering, terrorist financing, or other illegal activities is strictly prohibited and will result in immediate account suspension or termination.

3. Security: You are responsible for maintaining the confidentiality of your account information, including your password, and for all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account.

4. Risks: You acknowledge that cryptocurrency transactions are subject to high market risk and price volatility. We are not liable for any financial loss resulting from market fluctuations.

5. Fees and Charges: You agree to pay the fees and charges associated with your use of our Services, as detailed on our website or within this Agreement.

6. Amendments: We reserve the right to modify or change this Agreement at any time. Your continued use of our Services following any such modification constitutes your acceptance of the new terms.

7. Termination: Either party may terminate this Agreement at any time. Upon termination, you must cease all use of our Services and delete your account.

8. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Canada and the province in which you reside.

9. Dispute Resolution: Any disputes arising under this Agreement will be resolved through arbitration in accordance with the Arbitration Act of the province in which you reside.

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4. Contact Us

For more information about our KYC and User Agreement, please contact us at support@fintechselect.com.