Quantum Trade - Terms & Conditions
1. Introduction
Welcome to Quantum Trade, a specialized Over-the-Counter (OTC) trading platform for cryptocurrency transactions. By accessing, browsing, or using our platform, you acknowledge that you have read, understood, and agree to be bound by these Terms & Conditions, as well as our Privacy Policy. These terms govern the arrangement where you provide us with your debit card to facilitate cash withdrawals and cryptocurrency purchases. If you do not agree with these terms, please immediately cease using our services.
2. Eligibility
To use Quantum Trade, you must be:
- At least 18 years old, or the age of majority in your jurisdiction, whichever is greater.
- Capable of entering into legally binding agreements.
- The legal owner of the debit card you provide to Quantum Trade.
By registering an account and using our services, you confirm that you meet all eligibility requirements. Quantum Trade reserves the right to refuse service to anyone, at any time, for any reason.
3. Account Registration and Security
Account Creation : To access our services, you must create a Quantum Trade account. You agree to provide accurate, complete, and current information during registration and to update such information promptly if it changes.
Account Responsibilities : You are responsible for maintaining the confidentiality of your account information, including your password. You are also responsible for all activities that occur under your account. Quantum Trade will not be liable for any loss or damage arising from unauthorized use of your account.
ID Verification : To comply with legal and regulatory requirements, Quantum Trade may require you to verify your identity. This may include providing government-issued identification, proof of address, and other personal information. Failure to provide requested information may result in the suspension or termination of your account.
Debit Card Submission : By submitting your debit card to Quantum Trade, you acknowledge that you are the legal owner of the card and have the right to authorize transactions on it. You agree to provide all necessary details, including the PIN, to facilitate the cash withdrawal process.
4. Services Provided
Debit Card Management : Upon receiving your debit card, Quantum Trade will store the card securely and will only use it for the purposes agreed upon in this document.
Cash Withdrawal and Cryptocurrency Purchase : Quantum Trade will withdraw cash from your debit card as per your instructions and use the withdrawn funds to purchase cryptocurrency. The purchased cryptocurrency will then be transferred to the wallet address you have provided.
Transaction Limits and Fees : The amount that can be withdrawn and the associated fees will be communicated to you before any transactions take place. Quantum Trade reserves the right to limit withdrawal amounts based on our discretion or due to regulatory requirements.
Currency Conversion : If your debit card operates in a currency different from that used for the cryptocurrency purchase, you acknowledge that currency conversion may be necessary. Conversion rates are subject to daily changes, and any related fees will be deducted from your balance.
No Financial Advice : Quantum Trade does not provide financial, investment, legal, or tax advice. The information provided on our platform is for informational purposes only. You should consult with a qualified professional before making any financial decisions.
5. Debit Card Usage Agreement
Authorization : By providing your debit card and associated details to Quantum Trade, you expressly authorize us to withdraw funds from the card for the sole purpose of purchasing cryptocurrency as instructed by you
Liability : Quantum Trade will take all reasonable precautions to ensure the safety of your debit card and associated information. However, you acknowledge that there are inherent risks involved in this process, including unauthorized access or loss of funds, for which Quantum Trade will not be held liable unless due to our gross negligence or intentional misconduct.
Revocation : You may revoke your authorization at any time by notifying us in writing and requesting the return of your debit card. However, any transactions that have already been processed prior to the revocation cannot be reversed
Return of Debit Card : If you request the return of your debit card, Quantum Trade will send it to the address on file via standard mail. All associated costs, including postage and handling, will be deducted from your balance before the card is mailed. Quantum Trade is not responsible for any loss or damage to the card once it has been mailed.
6. Fees and Payments
Fee Structure : Upon receiving your debit card, Quantum Trade will store the card securely and will only use it for the purposes agreed upon in this document.
Daily Rate Adjustment : Quantum Trade will withdraw cash from your debit card as per your instructions and use the withdrawn funds to purchase cryptocurrency. The purchased cryptocurrency will then be transferred to the wallet address you have provided.
Non-Refundable Fees : The amount that can be withdrawn and the associated fees will be communicated to you before any transactions take place. Quantum Trade reserves the right to limit withdrawal amounts based on our discretion or due to regulatory requirements.
User Responsibility for Fees : All fees, including those for currency conversion, mailing, and any related expenses, are the responsibility of the user. Quantum Trade will deduct these fees from your balance before completing any transactions or returning your debit card.
7. Customer Support
Communication Channels : Quantum Trade offers customer support through our designated messenger service. All inquiries, disputes, and transaction-related discussions will be handled through this platform. Quantum Trade is committed to providing timely and effective support to resolve any issues you may encounter.
8. Prohibited Activities
You agree not to engage in any of the following prohibited activities:
Illegal Activities : Using the Quantum Trade platform for any illegal purposes, including but not limited to money laundering, terrorist financing, fraud, or other criminal activities.
Unauthorized Access : Attempting to gain unauthorized access to other users' accounts, Quantum Trade's systems, or any related networks or servers.
Misrepresentation : Providing false, misleading, or fraudulent information during the registration process or in your interactions on the platform.
9. Compliance with Laws
You agree to comply with all applicable local, state, national, and international laws, rules, and regulations in connection with your use of the Quantum Trade platform. You are solely responsible for understanding and adhering to the legal requirements applicable to your use of the debit card and the cryptocurrency transactions.
10. Risk Acknowledgment
Market Volatility : The value of cryptocurrencies can fluctuate significantly, and you may experience substantial losses. Quantum Trade is not responsible for any losses you may incur due to market volatility.
Technical Risks : Quantum Trade does not guarantee that the platform will be free from technical issues, including interruptions, delays, or errors. You acknowledge that these technical risks are inherent in using digital platforms.
Security Risks : While Quantum Trade employs advanced security measures to protect user accounts, the risk of unauthorized access, hacking, or theft still exists. You agree to take appropriate security precautions, such as enabling two-factor authentication and using secure passwords.
11. Privacy and Data Protection
Privacy Policy : Quantum Trade is committed to protecting your privacy. Our Privacy Policy explains how we collect, use, and safeguard your personal information, including the information related to your debit card. By using our platform, you consent to the data practices described in our Privacy Policy.
Data Sharing : Quantum Trade may share your information with third parties as necessary to provide our services, comply with legal obligations, or protect our rights. We will never sell your personal information to third parties
Data Security : Quantum Trade implements industry-standard security measures to protect your data. However, we cannot guarantee the absolute security of your information. In the event of a data breach, we will notify you in accordance with applicable laws.
12. Limitation of Liability
No Warranty : Quantum Trade provides the platform "as is" and "as available" without any warranties of any kind, whether express or implied. We do not guarantee that the platform will be error-free, secure, or uninterrupted.
Limitation of Liability : To the fullest extent permitted by law, Quantum Trade, its affiliates, and its employees shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or use, arising out of or in connection with your use of the platform.
Indemnification : You agree to indemnify and hold harmless Quantum Trade, its affiliates, and its employees from and against any claims, damages, losses, or expenses arising out of your use of the platform or your violation of these Terms & Conditions.
13. Termination and Suspension
Termination by You : You may terminate your account at any time by contacting Quantum Trade's customer support. Upon termination, you may request the return of your debit card, and we will cease all further transactions on your behalf.
Termination by Us : Quantum Trade reserves the right to suspend or terminate your account at our discretion, without notice, for any reason, including but not limited to violations of these Terms & Conditions or any applicable laws.
Effect of Termination : Upon termination, Quantum Trade will return your debit card to the address on file via standard mail. Any associated fees will be deducted from your balance before the card is mailed. Quantum Trade will not be liable for any losses resulting from the termination of your account.
14. Dispute Resolution
Governing Law : These Terms & Conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region, without regard to its conflict of law principles.
Arbitration : Any disputes arising out of or relating to these Terms & Conditions or your use of the Quantum Trade platform shall be resolved through binding arbitration in Hong Kong, in accordance with the rules of the Hong Kong International Arbitration Centre (HKIAC). The arbitrator's decision shall be final and binding on all parties.
Class Action Waiver : You agree that any arbitration or legal proceeding will be conducted on an individual basis and not as a class action, and you expressly waive your right to file a class action lawsuit.
15. Amendments to Terms
Quantum Trade reserves the right to modify or update these Terms & Conditions at any time. We will notify you of any significant changes by posting the updated terms on our platform and updating the "Last Updated" date at the top of this document. Your continued use of the platform after such changes will constitute your acceptance of the new terms.
16. Miscellaneous
Entire Agreement : These Terms & Conditions, together with our Privacy Policy, constitute the entire agreement between you and Quantum Trade regarding your use of the platform.
Severability : If any provision of these Terms & Conditions is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect.
Waiver : The failure of Quantum Trade to enforce any right or provision of these Terms & Conditions shall not constitute a waiver of such right or provision.
