References to Paynote are also references to its owners, directors, investors, employees.
Paynote allows buyers ("Buyers") and sellers ("Sellers") to use its Service capabilities to buy and sell Cryptocurrencies such as "Bitcoins".
The Service operated by Aardo Ltd allows all customers of the Service ("Members") to:
- Buy Cryptocurrencies from Paynote for fiat money EUR using bank transfer
The Buyer enter in the purchase form of platform or application the amount of cryptocurrencies that he wishes to acquire, his email address and his public address of wallet to receive the cryptocurrencies, platform will automatically display the required amount of euro.
Then the Member will go to the next page with the bank details of Paynote, to which he must perform a bank transfer using your personal account.
Once the payment process is completed, and after money has arrived at Paynote bank account, the user will receive a cryptocurrency transfer into his wallet.
Paynote is not responsible if the destination address indicated by the Member in the purchase form is incorrect or if Member can not manage private key that authorizes to operate with the acquired cryptocurrencies.
Purchases are made by bank transfer. The Buyer must send the payment receipt to Paynote. The conversion price will be fixed at the time of opening order and does not change during payment income to Paynote bank account.
Bank transfers must be coincident with the registered Member and the data previously provided. Otherwise, additional information may be required, including the return of the payment, the costs derived from it being borne by the customer plus a penalty of fifteen euros (€ 15);
- Sell Cryptocurrencies to Paynote for fiat money EUR using bank transfer
The Seller enters in the selling form the desired amount of cryptocurrency to sell and the platform automatically shows the amount of euros to be received or the client can enter into the form the desired amount of euros to be received then the platform will automatically display the required amount of cryptocurrencies. All cryptocurrency transfers from the Member to the Paynote platform can be checked in the blockchain.info search engine.
The Seller will receive payment by bank transfer, in the terms specified below. The Seller must provide the details of his bank account in which he wants to receive fiat money in euro and verify the validation before giving the order to send euros to his bank account.
IF YOU DO NOT ACCEPT THE TERMS AND CONDITIONS OF USE OUTLINED IN THIS AGREEMENT, DO NOT ACCESS THIS SITE AND DO NOT USE THIS SERVICE.
By registering an Account, you expressly represent and warrant:
The trading of goods and products, real or virtual, as well as virtual currencies involves a significant risk. Prices can and do fluctuate on any given day. Such price fluctuations may increase or decrease the value of your assets at any given moment. Any currency, virtual or not, may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling, or trading anything on a market.
Cryptocurrency trading also has special risks not generally shared with official currencies, goods, or commodities in a market. Unlike most currencies that are backed by governments, other legal entities, or commodities such as gold or silver, Cryptocurrencies are a unique type of "fiat" currency, backed by technology and trust. There is no central bank that can issue more currency or take corrective measures to protect the value of Cryptocurrencies in a crisis.
Instead, Cryptocurrencies are an as-yet autonomous and largely unregulated global system of currency firms and individuals. Traders put their trust in a digital, decentralised, and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
The trading of Cryptocurrencies is often susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in Cryptocurrencies because of unexpected changes imposed by software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
We use our banking providers in order to receive client funds and make payments. Our banking providers DO NOT transfer, exchange, or provide any services in connection with Cryptocurrencies.
LIMITED RIGHT OF USE
Unless otherwise specified, all Materials on this Site are the property of Paynote and are protected by copyright, trademark, and other applicable laws. You may view, print, and/or download a copy of the Materials from this Site on any single computer solely for your personal, informational, and/or non-commercial use, provided you comply with all copyright and other proprietary notices.
The trademarks, service marks, and logos of Paynote and others used in this Site ("Trademarks") are the property of Paynote and their respective owners. The software, text, images, graphics, data, prices, trades, charts, graphs, video, and audio used on this Site belong to Paynote. The Trademarks and Materials should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected, or distributed in any form or by any means, whether manual or automated. The use of any such Materials on any other Site or networked computer environment for any other purpose is strictly prohibited; any such unauthorised use may violate copyright, trademark, and other applicable laws, and could result in criminal or civil penalties.
Maintaining Your Account: Our Rules
This Site is for your personal and non-commercial use only. We are vigilant in maintaining the security of our Site and Service. By registering with us, you agree to provide Paynote with current, accurate, and complete information about yourself, as prompted by the registration process, and to keep such information updated. You further agree that you will not use any Account other than your own, access the Account of any other Member at any time, or assist others in gaining unauthorised access.
The creation or use of Accounts without obtaining prior express permission from Paynote will result in the immediate suspension of all said Accounts, as well as all pending purchase/sale orders. Any attempt to do so or to assist others (Members or otherwise), or the distribution of instructions, software, or tools for that purpose, will result in the Accounts of such Members being terminated. Termination is not the exclusive remedy for such a violation, and Paynote may elect to take further action against you.
You are also responsible for maintaining the confidentiality of your Account information, including your password, and safeguarding your own Cryptocurrencies and all activity including Transactions that are posted to your Account. Any actions on the Site, transactions, orders and operations initiated from your Account or using your password (1) will be considered to have been made by you, and (2) is irrevocable once validated using your password or made through your Account. If there is suspicious activity related to your Account, we may, but are not obligated to, request additional information from you, including authenticating documents, and freeze any transactions pending our review. You are obligated to comply with these security requests or accept the termination of your Account. You are required to notify Paynote immediately of any unauthorised use of your Account or password, or any other breach of security, by email to email@example.com. The account of any Member who violates these rules may be terminated and the Member held liable for losses incurred by Paynote or any user of the Site.
Lastly, you agree that you will not use the Service to perform criminal activity of any sort, including but not limited to money laundering, illegal gambling operations, terrorist financing, malicious hacking or any criminal or illegal activity.
The minimum allowable trade is 2,5 EUR.
The maximum allowable trade is 5 000 EUR/month for one Member.
VERIFICATION OF ACCOUNTS
You may terminate this agreement with Paynote and close your Account at any time, following the settlement of any pending orders.
We expressly reserve the right to cancel and/or terminate Accounts that have not been verified by the Member despite efforts made in good faith by Paynote to contact them to obtain such verification (“Unverified Accounts”).
AVAILABILITY OF SERVICE
All services are provided without warranty of any kind, either express or implied, and in particular without implied warranties of merchantability and fitness for a particular purpose. We do not guarantee that this Site will be available 100 % of the time to meet your needs. We will strive to provide you with the Service as soon as possible, but there are no guarantees that access will not be interrupted or that there will be no delays, failures, errors, omissions, or loss of transmitted information.
Paynote makes no representations whatsoever about any external or third-party website you may access through the Site. Occasionally, the Paynote website may provide references or links to other websites ("External Websites"). We do not control these External Websites or third-party sites or any of the content contained therein. You agree that we are in no way responsible or liable for the External Websites referenced or linked from the Paynote website, including but not limited to website content, policies, failures, promotions, products, opinions, advice, statements, prices, activities and advertisements, services, or actions, and/or any damages, losses, failures, or problems caused by, related to, or arising from those sites. You shall bear all risks associated with the use of such content.
The business model and Service of Aardo LTD is to facilitate, through its Payment Services license, the buying and selling of Bitcoins. This specific Service is currently regulated by Estonian law, in virtue of the Law of November , 2017.
Unencrypted email messages sent over the Internet are not secure and Paynote is not responsible for any damages incurred as a result of sending email messages in this way. We suggest sending email in encrypted formats; you are welcome to send PGP encrypted emails to us. The instructions and keys to do so are available upon request.
If you send unencrypted or unsecured email or other types of communications to us, we may respond using the same channels and you hereby accept the risks associated therewith.
Disclosures to Legal Authorities and Authorized Financial Institutions
We may share your Personal Data with law enforcement, data protection authorities, government officials, and other authorities when:
Required by law;
Compelled by subpoena, court order, or other legal procedure;
We believe that disclosure is necessary to prevent damage or financial loss;
Disclosure is necessary to report suspected illegal activity; or
Limitation of Liability
Modification of Terms
- Bitcoins. The Peer-to-Peer internet currency further described at http://bitcoin.org.
- Buyer(s). Member(s) that are submitting an orders to buy Bitcoins through the Service.
- Seller(s). Member(s) that submit an orders to sell Bitcoins through the Service.
- Commission. Refers to the fee which is payable to Paynote on each Transaction, such as a Purchase Transaction or Selling Transaction.
- Member(s). Refers to Buyers and Sellers as well as any holder of an Account.
- Personal Data. Information that identifies an individual, such as name, address, e-mail address, trading information, and banking details. “Personal Data” does not inсlude anonymised and/or aggregated data that does not identify a specific user.
- Price. The "price per coin" which Paynote offer and member agree to purchase or sell Bitcoins, using the Service in a Bitcoin Purchase Transaction. The Price may be expressed only in EUR paid by Members to Paynote bank account.
- Service(s). The technological platform, functional rules, and market managed by Aardo Ltd. to permit Sellers and Buyers to purchase and sell Bitcoins.
- Transaction. Includes the following:
⦁ Purchase Transaction. The agreement between the Buyer and the Paynote to exchange fiat currency through the Service for Cryptocurrencies at a provided by Paynote rate.
⦁ Selling Transaction. The agreement between the Seller and the Paynote to exchange Cryptocurrencies through the Service for fiat currency at a provided by Paynote rate.
- Transaction Price. The total price and additional fee paid by the Buyer or Seller for each Transaction performed through the Service. Current Paynote service price and additional fee for each Transaction refere here