Common use of Cryptocurrencies Held on Your Behalf Clause in Contracts

Cryptocurrencies Held on Your Behalf. You authorize us to hold any Cryptocurrencies bought on your behalf until we receive further instruction from you. You understand that we may delegate this function in accordance with Section 1.2.2.5. You remain at all times the owner of the Cryptocurrencies and money that we hold on your behalf, and you agree that you will not encumber your ownership of such Cryptocurrencies and money outside of the eToro Platform. eToro will maintain true, complete and accurate records relating to the fiat money and Cryptocurrencies held for you. Please note that your assets may be at risk if the wallet or the bank or depositary becomes insolvent.

Appears in 2 contracts

Samples: Etoro Usa LLC Customer Agreement, Etoro Usa LLC Customer Agreement

AutoNDA by SimpleDocs

Cryptocurrencies Held on Your Behalf. You authorize us to hold any Cryptocurrencies bought on your behalf until we receive further instruction from you. You understand that we may delegate this function in accordance with Section 1.2.2.5. You remain at all times the owner of the Cryptocurrencies and money that we hold on your behalf, and you agree that you will not encumber your ownership of such Cryptocurrencies and money outside of the eToro Platform. eToro will maintain true, complete and accurate records relating to the fiat money and Cryptocurrencies held for you. Please note that your assets may be at risk if the wallet or the bank or depositary becomes insolvent.

Appears in 1 contract

Samples: Etoro Usa

AutoNDA by SimpleDocs

Cryptocurrencies Held on Your Behalf. You authorize us to hold any Cryptocurrencies bought on your behalf until we receive further instruction from you. You understand that we may delegate this function in accordance with Section 1.2.2.5. You remain at all times the owner of the Cryptocurrencies and money that we hold on your behalf, and you agree that you will not encumber your ownership of such Cryptocurrencies and money outside of the eToro XXXX.xxx Platform. eToro XXXX.xx will maintain true, complete and accurate records relating to the fiat money and Cryptocurrencies held for you. Please note that your assets may be at risk if the wallet or the bank custodian or depositary becomes insolvent.

Appears in 1 contract

Samples: Customer Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!