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Please read these Terms of Use ("Terms") carefully before using any services provided by Litest Solution Corp ("the Company"), a legal entity incorporated under the laws of Canada. This includes, but is not limited to, the use of our website (https://paypatch.io) and mobile application ("App").
By accessing or using our website or any services ("Services") provided through our website, you agree to be bound by these Terms. If you disagree with any part of the terms, you must not use our website or services.
1.1 Account – An account created by you on our website to access Services.
1.2 AML Policy – Anti-money laundering policy developed in accordance with Canadian laws, forming an integral part of these Terms, available at https://paypatch.com/aml-policy.
1.3 Regulatory Law – Laws of Canada and any international regulations and agreements applicable to the relations between you and the Company.
1.4 Platform – The online platform operated by the Company, offering services such as foreign exchange dealing, virtual currency dealing, and payment services.
1.5 Deposit – A transaction involving the transfer of virtual currency from external wallets to your Account on the Platform.
1.6 Litest Solution Corp – The company providing access to the Services on the Platform, incorporated in Canada.
1.7 Exchange – A transaction involving the exchange of virtual currency for fiat currency or another virtual currency through the Account.
1.8 Exchange Rate – The value ratio between trading pairs, influenced by market demand, supply, and other economic factors.
1.9 Fee – The commission or other charges by the Company for using the Services.
1.10 Privacy Policy – The Company's policy on the collection, storage, and use of personal data, forming an integral part of these Terms and available at https://paypatch.com/privacy.
1.11 Services – The services offered by the Company on the Platform, including virtual currency exchange, wallet services, and deposit and withdrawal facilities.
1.12 User – An individual or legal entity that has opened an Account on the website, with the legal capacity to enter into binding contracts and not prohibited by any applicable laws from using the Services.
1.13 Virtual Currency – A digital asset, decentralized and not issued by any central authority, not recognized as legal tender or money under regulatory laws.
1.14 Virtual Currency Merchant – Third-party providers accepting payments in Virtual Currencies through the User's Account on the Platform.
1.15 Website – The website maintained by the Company at https://paypatch.com.
1.16 Withdrawal – A transaction involving the transfer of virtual currency from your Account to an external wallet.
2.1 These Terms form a legally binding agreement between you and the Company regarding our Services.
2.2 By using the website, opening an Account, or ticking the "I agree to the Terms of Use and Privacy Policy" checkbox, you acknowledge your acceptance of these Terms, the Privacy Policy, the AML Policy, and all other legal documents available on the website.
2.3 The Company may modify these Terms at any time, with changes becoming effective immediately upon posting. Regular review of these Terms is advised to ensure awareness of any changes.
2.4 Your continued use of the website and Services after changes to the Terms signifies your acceptance of the revised terms.
3.1 The Company provides a variety of services on the Website, including but not limited to the exchange of virtual currency for fiat or other virtual currencies, wallet services for virtual currencies, and facilities for depositing and withdrawing virtual currency.
3.2 Exchange services are provided based on prevailing market rates, and the Company makes efforts to ensure competitive rates but does not guarantee matching rates seen on other platforms.
3.3 Wallet services offered by the Company include secure digital wallets for the storage, exchange, and withdrawal of virtual currencies, with the Company ensuring the security of private keys.
3.4 Access to the Services requires users to deposit virtual currency into their accounts on the Platform, with specific procedures outlined for deposits and withdrawals.
3.5 The Company reserves the right to restrict access to the website, accounts, or services at its discretion, without prior notice or explanation.
3.6 Only virtual currencies supported by the Platform can be used; users are advised to regularly check the website for updates on supported currencies.
3.7 Delays in service provision may occur due to technical issues, regulatory checks, or other unforeseen circumstances.
3.8 The Company may provide an estimated aggregate value of your assets in various currencies, based on current exchange rates, for informational purposes only.
4.1 Access to the Services requires registration on the Website, subject to meeting eligibility criteria such as minimum age and legal capacity.
4.2 Services are available to individuals and legal entities from supported countries, with restrictions based on legal and regulatory requirements.
4.3 Users are limited to one Account on the Website, unless otherwise permitted by the Company.
4.4 Previous suspension of an Account by the Company disqualifies users from creating new Accounts.
5.1 Upon account creation, you confirm that all provided information is accurate, current, and complete.
5.2 Illegal use of your Account, including for money laundering or financing terrorism, is strictly prohibited.
5.3 Account creation on behalf of others is not permitted unless legally authorized to do so.
5.4 You are responsible for the security of your Account information and must not share access details with others.
5.5 Immediate notification to the Company is required if you suspect any unauthorized use of your Account.
5.6 The Company may suspend your Account at any time for violations of these Terms, without prior notice.
6.1 Access to Services requires provision of specific information and documents for verification, as detailed in the AML Policy.
6.2 The Company may request additional or updated information and documents at any time, with failure to comply possibly resulting in service restrictions or Account suspension.
6.3 You are responsible for the accuracy and currency of all information and documents provided to the Company.
6.4 Submitted information and documents are processed in accordance with the Privacy Policy.
7.1 Users agree to comply with these Terms and all applicable laws, avoiding false or misleading information and respecting the intellectual property rights of the Company.
7.2 Prohibited activities include damaging or overburdening the Website, unauthorized access, impersonation, and engaging in illegal transactions.
7.3 Sharing of Accounts or passwords is not permitted, nor is the use of another's Account without authorization.
7.4 Users must not engage in activities that violate the legal use of virtual currencies or other regulations.
8.1 Accounts may be closed by the user at any time, with the requirement that all assets be withdrawn prior to closure.
8.2 The Company reserves the right to suspend Accounts under certain conditions, such as security concerns or violations of Terms.
8.3 Notification of the reasons for Account suspension may not always be provided, with the possibility of asset blocking.
8.4 Liability for Fees remains even after Account closure or suspension.
8.5 The Company is not responsible for losses resulting from Account suspension or closure.
9.1 Instructions for depositing virtual currency will be provided on your Account page, with careful adherence to these instructions required.
9.2 Withdrawals are subject to transaction limits and may be restricted by ongoing investigations or legal orders.
9.3 Withdrawal amounts must cover applicable Fees, with the Company providing guidance on Fee structures.
9.4 Blockchain network mining fees apply to Withdrawals, with the Company balancing fee amounts and processing speed at its discretion.
9.5 Accuracy of Withdrawal information is the user's responsibility, with irreversible blockchain transactions highlighting the importance of correct details.
10.1 Transaction Fees are disclosed prior to execution, with the Company operating on an automated Fee-charging basis.
10.2 Fee structures may change, with the Company providing notification of such changes through the Website or email.
10.3 Fees are payable in the virtual currency associated with the transaction, due at the time of transaction completion.
11.1 Asset transactions result in immediate debiting and crediting of accounts, with no cancellation or refund options for completed exchanges.
11.2 Technical issues may lead to cancellation of exchange orders by the Company.
12.1 The Company owns or has rights to all content and intellectual property on the Website, with reproduction or unauthorized use prohibited.
12.2 Violation of the Company's intellectual property rights is strictly forbidden.
13.1 The Website may include links to third-party sites, with the Company not responsible for the content or practices of these external sites.
14.1 The Company's Privacy Policy governs the handling of personal information, with potential disclosures to authorities as required by law.
14.2 Suspected violations of the AML Policy may lead to reporting and disclosure of personal information to relevant authorities.
15.1 The Company and users are liable for their obligations under these Terms, with the Website and Services provided "as-is" without warranties.
15.2 The Company is not liable for service interruptions, inaccuracies, or losses resulting from website use, unauthorized account access, or third-party actions.
15.3 Indemnification by users covers claims arising from use of the Website, violations of Terms, or legal violations.
16.1 Services are considered to occur within the jurisdiction of the Financial Transactions and Reports Analysis Centre of Canada.
16.2 Dispute resolution begins with amicable negotiation, with unresolved disputes subject to Canadian law.
17.1 These Terms remain effective until terminated by either party, with the Company reserving the right to terminate at its discretion.
17.2 Unaddressed matters are governed by applicable Regulatory Law.
17.3 English language versions of these Terms prevail over any translations.
17.4 Questions, comments, or complaints should be directed to support@paypatch.com.
