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Common use of Cryptocurrency Transactions Clause in Contracts

Cryptocurrency Transactions. Once a cryptocurrency transfer is submitted to a cryptocurrency network, the transaction will be unconfirmed and remain in a pending state for a period of time sufficient to confirmation of the transaction by the cryptocurrency network. A cryptocurrency transfer is not complete while it is in a pending state. Pending cryptocurrency transfers that are initiated from a XXX.XX Account may reflect a pending transaction status and may not be available to you for use on the XXX.XX platform or otherwise while the transaction is pending. When you or a third party sends cryptocurrency to a XXX.XX Account from an external wallet or account not hosted on XXX.XX, the person initiating the transaction is solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state outside of XXX.XX’s control and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions. By initiating an transfer to XXX.XX, you attest that you are transacting in a cryptocurrency that is identified as trading on the XXX.XX Website which conforms to the particular XXX.XX wallet into which funds are directed. XXX.XX incurs no obligation whatsoever with regard to unsupported digital currency sent to a XXX.XX Account or supported cryptocurrency sent to an incompatible cryptocurrency wallet address. Erroneously transmitted funds will be lost. We recommend customers send a small amount of cryptocurrency as a test prior to initiating a send of a significant amount of supported cryptocurrency. When you send cryptocurrency from your XXX.XX Account to an external address, such transfers are executed at your instruction by XXX.XX. You should verify all transaction information prior to submitting instructions to us. XXX.XX shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address. We do not guarantee the identity or value received by a recipient of a transfer initiated by you. Cryptocurrency transfers cannot be reversed once they have been broadcast to the relevant cryptocurrency network, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators. XXX.XX does not control the cryptocurrency network and makes no guarantees that a cryptocurrency transfer will be confirmed by the network. We may refuse to process or cancel any pending transfers as required by law or any court or other authority to which XXX.XX is subject in any jurisdiction. Additionally, we may require you to wait some amount of time after completion of a transaction before permitting you to use further XXX.XX Services and/or before permitting you to engage in transactions beyond certain volume limits. We may allow you to initiate a cryptocurrency transfer to a XXX.XX customer by designating that customer’s email address. If you initiate a cryptocurrency transfer to an email address, and the recipient does not have an existing XXX.XX Account, we will invite the recipient to open a XXX.XX Account. If the recipient does not open a XXX.XX Account within 60 days, we will return the relevant cryptocurrency to your FTX Account. If XXX.XX elects to offer recurring transaction availability, and you initiate recurring transactions, you authorize us to initiate recurring electronic payments in accordance with your selected cryptocurrency or payments, such as recurring automated clearing house (ACH) debit or credit entries from or to your linked bank account. Your recurring transactions will occur in identical, periodic installments, based on your period selection (e.g., daily, weekly, monthly), until either you or XXX.XX cancels the recurring order. If you select a bank account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day, although the cryptocurrency fees at the time of the regularly-scheduled transaction will apply. If your bank is unable to process any electronic ACH debit entry, we will notify you of cancellation of the transaction and may avail itself of remedies set forth in these Terms to recover any amount owed to XXX.XX. You agree to notify XXX.XX in writing of any changes in your linked bank account information prior to a recurring transaction. XXX.XX may, at any time, terminate recurring transactions by providing notice to you.

Appears in 2 contracts

Samples: User Agreement, User Agreement

Cryptocurrency Transactions. Once a cryptocurrency transfer is submitted to a cryptocurrency network, the transaction will be unconfirmed and remain in a pending state for a period of time sufficient to confirmation of the transaction by the cryptocurrency network. A cryptocurrency transfer is not complete while it is in a pending state. Pending cryptocurrency transfers that are initiated from a XXX.XX Account may reflect a pending transaction status and may not be available to you for use on the XXX.XX platform or otherwise while the transaction is pending. When you or a third party sends cryptocurrency to a XXX.XX Account from an external wallet or account not hosted on XXX.XX, the person initiating the transaction is solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state outside of XXX.XX’s control and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions. By initiating an transfer to XXX.XX, you attest that you are transacting in a cryptocurrency that is identified as trading on the XXX.XX Website which conforms to the particular XXX.XX wallet into which funds are directed. XXX.XX incurs no obligation whatsoever with regard to unsupported digital currency sent to a XXX.XX Account or supported cryptocurrency sent to an incompatible cryptocurrency wallet address. Erroneously transmitted funds will be lost. We recommend customers send a small amount of cryptocurrency as a test prior to initiating a send of a significant amount of supported cryptocurrency. When you send cryptocurrency from your XXX.XX Account to an external address, such transfers are executed at your instruction by XXX.XX. You should verify all transaction information prior to submitting instructions to us. XXX.XX shall bear no liability or responsibility in the event you enter an incorrect blockchain destination addressExplore Litigation Insights Docket Alarm provides insights to develop a more informed litigation strategy and the peace of mind of knowing you’re on top of things. We do not guarantee Docket Alarm offers a powerful API (application programming inter- face) to developers that want to integrate case filings into their apps. Build custom dashboards for your attorneys and clients with live data direct from the identity or value received by a recipient of a transfer initiated by youcourt. Cryptocurrency transfers cannot be reversed once they have been broadcast to the relevant cryptocurrency networkAutomate many repetitive legal tasks like conflict checks, although they may be in a pending statedocument management, and designated accordingly, while the transaction is processed by network operatorsmarketing. XXX.XX does not control the cryptocurrency network Litigation and makes no guarantees that a cryptocurrency transfer will be confirmed by the network. We may refuse to process or cancel any pending transfers as required by law or any court or other authority to which XXX.XX is subject in any jurisdiction. Additionally, we may require you to wait some amount of time after completion of a transaction before permitting you to use further XXX.XX Services and/or before permitting you to engage in transactions beyond certain volume limits. We may allow you to initiate a cryptocurrency transfer to a XXX.XX customer by designating that customer’s email address. If you initiate a cryptocurrency transfer to an email address, bankruptcy checks for companies and the recipient does not have an existing XXX.XX Account, we will invite the recipient to open a XXX.XX Account. If the recipient does not open a XXX.XX Account within 60 days, we will return the relevant cryptocurrency to your FTX Account. If XXX.XX elects to offer recurring transaction availability, and you initiate recurring transactions, you authorize us to initiate recurring electronic payments in accordance with your selected cryptocurrency or payments, such as recurring automated clearing house (ACH) debit or credit entries from or to your linked bank account. Your recurring transactions will occur in identical, periodic installments, based on your period selection (e.g., daily, weekly, monthly), until either you or XXX.XX cancels the recurring order. If you select a bank account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day, although the cryptocurrency fees at the time of the regularly-scheduled transaction will apply. If your bank is unable to process any electronic ACH debit entry, we will notify you of cancellation of the transaction and may avail itself of remedies set forth in these Terms to recover any amount owed to XXX.XX. You agree to notify XXX.XX in writing of any changes in your linked bank account information prior to a recurring transaction. XXX.XX may, at any time, terminate recurring transactions by providing notice to youdebtors.

Appears in 1 contract

Samples: User Agreement

Cryptocurrency Transactions. Once a cryptocurrency transfer is submitted to a cryptocurrency network, the transaction will be unconfirmed and remain in a pending state for a period of time sufficient to confirmation of the transaction by the cryptocurrency network. A cryptocurrency transfer is not complete while it is in a pending state. Pending cryptocurrency transfers that are initiated from a XXX.XX BICTORY Account may reflect a pending transaction status and may not be available to you for use on the XXX.XX BICTORY platform or otherwise while the transaction is pending. When you or a third party sends cryptocurrency to a XXX.XX BICTORY Account from an external wallet or account not hosted on XXX.XXBICTORY, the person initiating the transaction is solely responsible for executing the transaction properly, which may include, among other things, payment of sufficient network or miner’s fees in order for the transaction to be successful. Insufficient network fees may cause a transfer to remain in a pending state outside of XXX.XX’s BICTORY control and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions. By initiating an transfer to XXX.XXBICTORY, you attest that you are transacting in a cryptocurrency that is identified as trading on the XXX.XX BICTORY Website which conforms to the particular XXX.XX BICTORY wallet into which funds are directed. XXX.XX BICTORY incurs no obligation whatsoever with regard to unsupported digital currency sent to a XXX.XX BICTORY Account or supported cryptocurrency sent to an incompatible cryptocurrency wallet address. Erroneously transmitted funds will be lost. We recommend customers send a small amount of cryptocurrency as a test prior to initiating a send of a significant amount of supported cryptocurrency. When you send cryptocurrency from your XXX.XX BICTORY Account to an external address, such transfers are executed at your instruction by XXX.XXBIC TORY. You should verify all transaction information prior to submitting instructions to us. XXX.XX BICTORY shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address. We do not guarantee the identity or value received by a recipient of a transfer initiated by you. Cryptocurrency transfers cannot be reversed once they have been broadcast to the relevant cryptocurrency network, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators. XXX.XX BI CTORY does not control the cryptocurrency network and makes no guarantees that a cryptocurrency transfer will be confirmed by the network. We may refuse to process or cancel any pending transfers as required by law or any court or other authority to which XXX.XX BICTORY is subject in any jurisdiction. Additionally, we may require you to wait some amount of time after completion of a transaction before permitting you to use further XXX.XX BICTORY Services and/or before permitting you to engage in transactions beyond certain volume limits. We may allow you to initiate a cryptocurrency transfer to a XXX.XX BICTORY customer by designating that customer’s email address. If you initiate a cryptocurrency transfer to an email address, and the recipient does not have an existing XXX.XX BICTORY Account, we will invite the recipient to open a XXX.XX BICTORY Account. If the recipient does not open a XXX.XX BICTORY Account within 60 days, we will return the relevant cryptocurrency to your FTX Account. If XXX.XX BICTORY elects to offer recurring transaction availability, and you initiate recurring transactions, you authorize us to initiate recurring electronic payments in accordance with your selected cryptocurrency or payments, such as recurring automated clearing house (ACH) debit or credit entries from or to your linked bank account. Your recurring transactions will occur in identical, periodic installments, based on your period selection (e.g., daily, weekly, monthly), until either you or XXX.XX BICTORY cancels the recurring order. If you select a bank account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day, although the cryptocurrency fees at the time of the regularly-scheduled transaction will apply. If your bank is unable to process any electronic ACH debit entry, we will notify you of cancellation of the transaction and may avail itself of remedies set forth in these Terms to recover any amount owed to XXX.XXBICTORY. You agree to notify XXX.XX BICTORY in writing of any changes in your linked bank account information prior to a recurring transaction. XXX.XX BICTORY may, at any time, terminate recurring transactions by providing notice to you.

Appears in 1 contract

Samples: User Agreement