Terms of Service
VERIPHI.IO Terms of Service
VERIPHI Inc. is a Canadian company created under the Canada Business Corporation Act with its head office in Montreal, Quebec, Canada. We specialize in Bitcoin research, solution development, professional consulting services and we provide an online platform for buying Bitcoins in Canadian dollars to Canadian residents.
You may browse our Website and Services without establishing a Bitcoin purchase account or providing us with any personal information.
By accessing the VERIPHI website (''Site''), mobile or tablet application, or any other feature or service ("Services") you agree to these Terms of Service and our Privacy Notice.
If you disagree with any part of these Terms of Service or our Privacy Notice, then you may not access our Site or Services.
Bitcoin Purchase Account
To buy Bitcoins, you will need to create an account with us and provide certain personal information. VERIPHI is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business and subject to its compliance requirements. We will only collect the personal information required to comply with applicable laws and regulations and to provide you with the Services. For more information on the personal information we collect, please consult our Privacy Notice.
Risk Acceptance and Disclaimer
Our Site and Services are provided "as is" without any warranty of any kind, whether express or implied. You agree that the use of our Site and Services is at your own risk.
The risk of loss in buying and selling Bitcoin can be substantial and you should seriously consider whether this activity is suitable for you. You agree that you shall access the Site and use the Services at your own risk.
You agree that VERIPHI shall not be responsible for any hardware, software, network or communication failures, errors or delays you may experience when using our Services, regardless of the cause.
You also agree that in no circumstances will VERIPHI be liable for any damages related to the use of our Site and our Services.
Account Creation and Maintenance
By creating a Bitcoin purchase account with us, you confirm the following:
- You are at least 18 years old;
- You are a resident of Canada;
- You will not use the Services for any illegal activities;
- You have not previously been suspended from using the Services;
- You will provide accurate and truthful information;
- You will maintain and promptly update your account information;
- You will always receive your Bitcoins at a Bitcoin address which you own and have full and exclusive control over;
- You will create a strong password that you do not use for any other online service;
- You will protect your password and access to your account;
- You will promptly notify us if you suspect your account has been breached;
- You will take responsibility for all activities that occur in your account;
- You have read and understand these Terms of Service and agree to be bound by them;
- If you are using the Services on behalf of an organization, you are agreeing to these Terms of Service for yourself and for that organization and you have the authority to bind that organization to these Terms of Service.
If we believe that your account has been compromised or that fraud may be happening, we reserve the right to:
- Request that you modify your password;
- Contact you to verify your identity;
- Request that you submit certain documents confirming your identity;
- Disable access to your account;
- Take any other measure to reduce the risk of harm to yourself, VERIPHI or a third party.
Funding your account
Before buying Bitcoins on our platform, you need to fund your account using one of the methods identified in the Services. You must be the owner and fully control the external account that you use to fund your VERIPHI account.
You are solely responsible for your use of any external account, and you agree to comply with all terms and conditions applicable to such external account. You may be charged fees by an external account you use to fund your VERIPHI Account. We are not responsible for any external account fees.
We use an external payment processor for fund transfers and exchange account management. We are not responsible for the amount of time it may take the external account to fund your VERIPHI account or if it is unable to fund the latter.
Canadian dollar funds held in your VERIPHI account are exclusively for the purchase of Bitcoin. Be advised that we do not pay interest on Canadian dollar balances held in your account.
When placing a Bitcoin purchase order, you agree that we are not acting as your broker, intermediary, agent, advisor or fiduciary. No communication or information that we provide to you shall be considered or interpreted as advice.
Any order placed with your account and confirmed by VERIPHI shall be final and is not refundable. You may only cancel an order initiated via the Services if such cancellation occurs before we execute the order. Once your order has been executed, you may not change, withdraw or cancel it. An order is irreversible once executed.
A detailed confirmation of your order will be made available to you via the Services. You agree that the absence of such confirmation shall not invalidate the terms of the order.
If you place a Bitcoin purchase order at the market rate indicated on our Site, we will attempt to execute the order at or close to this rate. You agree that this rate may differ from prevailing exchange rates made available via other sources or websites. Due to Bitcoin's market volatility, the actual market rate at which a market order is executed may be different from the rate indicated via our Services at the time of your order.
If you have insufficient funds in your VERIPHI account to complete an order via the Services, we may cancel the entire order or fulfill your order partially using the funds currently available in your account.
We may, at any time and in our sole discretion, without prior notice, refuse any order submitted, impose limits or any other condition or restriction on the orders permitted via the Services.
We do not charge fees in relation to your account or Bitcoin purchase activities. We profit from the small difference between the price we buy and sell Bitcoin.
You acknowledge that buying and selling Bitcoins may give rise to applicable taxes, including taxes on gains or losses. You are solely responsible for determining if any taxes apply to your orders and for calculating and reporting your gains and losses, as required by law to the appropriate authorities. You agree that we are not responsible for determining whether taxes apply to your orders or for collecting, reporting, withholding or remitting any taxes related to your orders.
Suspension and Termination
You can close your account at anytime by contacting us directly.
We reserve the right to suspend or terminate your account or access to the Services at any time with or without notice. In particular, but without limitation, we may suspend your account in the event that you breach these Terms of Service, or if we have any security, fraud, illegal activity or similar concerns related to your account.
We make no representation or warranty as to the ongoing availability of our Site and Services. We may, without any liability, at any time and without prior notice, modify or discontinue, temporarily or permanently, any portion of our Services.
The suspension or termination of an account or access to our Site or Services shall not terminate these Terms of Service. Any applicable provisions shall remain binding.
All material published on our Site is protected by copyright, and owned or controlled by VERIPHI or the party credited as the provider of the content. You shall abide by all additional copyright notices or restrictions contained in any content accessed through our Site.
You may download or copy the content displayed on our Site for personal use only, provided that you maintain all copyright and other notices contained therein. Any commercial use of or redistribution of our content must be pre approved by VERIPHI.
You are solely responsible for the content of your submissions to our Site and Services.
You shall not use any language or communicate any content that is libelous, defamatory, obscene, abusive, offensive, profane or illegal.
You agree that you will not threaten or verbally abuse other users or disrupt discussions with repetitive or meaningless messages or spam.
You agree not to use language that abuses or discriminates on the basis of race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital and family status, genetic characteristics and disability. Hate speech of any kind will not be tolerated.
You agree not to post any copyrighted content that does not belong to you or for which you have not obtained prior written permission or license. To this end, we may be required to comply with copyright takedown notices.
Without written approval of VERIPHI, you may not communicate material containing any solicitation of funds or advertising for goods or services through our Site or Services.
You acknowledge that any content you submit to our Site or Services may be published, communicated, modified or removed by VERIPHI and you waive any rights in having the content changed in a manner you may not agree with.
You grant VERIPHI a perpetual, nonexclusive, worldwide, royalty free, sub-licensable license to the content you submit to our Site or Services, which includes, without limitation, the right for VERIPHI or any third party it designates, to use, modify and communicate, in whole or in part, in any form or media currently known or developed in the future, any content submitted by you on our Site or Services.
Links to other Websites and Services
Our Services may contain links to third-party web sites or services that are not owned or controlled by VERIPHI.
VERIPHI has no control over, and assumes no responsibility for the content, privacy policies, or practices of any third party web sites or services. You agree that VERIPHI shall not be responsible or liable, directly or indirectly, for any damage caused by using any such content, goods or services available on such web sites or services.
We strongly advise you to read the terms and conditions and privacy policies of any third-party web sites that you visit or services that you use.
Access Suspension and Termination
We may terminate or suspend access to our Site or Services immediately, without prior notice or liability on our part, if you breach any part of these Terms of Service.
Representation and warranty
VERIPHI does not represent or endorse the accuracy or reliability of any content submitted by any user or third party on our Site our Services. You acknowledge that any reliance upon any such content shall be at your sole risk.
Furthermore, you acknowledge that our Site is distributed on an "as is" basis without warranties of any kind, either express or implied. You hereby acknowledge that the use of our Site is at your sole risk.
Governing Law and Jurisdiction
These Terms of Service are governed in accordance with the laws of Quebec and Canada.
Any legal action or proceeding between you and VERIPHI will be brought exclusively in the courts located in the city of Montreal, province of Quebec, Canada. VERIPHI may, if it so desires, bring legal action in the courts located in your jurisdiction.
Inaction to enforce any right or provision of these Terms of Service will not be considered a waiver of those rights.
We reserve the right to modify these Terms of Service at any time, which shall become effective immediately upon posting. It is your responsibility to review these Terms of Service periodically, and by continuing to use this Site, you agree to any changes.
For any questions or comments about these Terms of Service, you may contact email@example.com.