Common use of Digital Currency Title Clause in Contracts

Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are assets held by the Coinbase Group for your benefit on a custodial basis. Among other things, this means: (A) Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase Group. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase Group shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, Coinbase; Coinbase does not represent or treat assets in a user’s Digital Currency Wallets as belonging to Coinbase. Coinbase may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) In order to more securely hold customer Digital Currency, the Coinbase Group may use shared blockchain addresses, controlled by a member of the Coinbase Group, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase Europe. Customers’ Digital Currency is segregated from the Coinbase Group’s (including Coinbase Europe’s) own Digital Currency or funds by way of separate ledger accounting entries for customer and Coinbase Group accounts. Notwithstanding the foregoing, the Coinbase Group shall not have any obligation to use different blockchain addresses to store Digital Currencies owned by you and Digital Currencies owned by other customers or by the Coinbase Group. Coinbase is under no obligation to issue any replacement Digital Currency in the event that any Digital Currency, password or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.

Appears in 4 contracts

Samples: User Agreement, User Agreement, User Agreement

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Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are assets held by the Coinbase Group for your benefit on a custodial basis. Among other things, this means: (A) Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase Group. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase Group shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, Coinbase; Coinbase does not represent or treat assets in a user’s Digital Currency Wallets as belonging to Coinbase. Coinbase may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) In order to more securely hold customer Digital Currency, the Coinbase Group may use shared blockchain addresses, controlled by a member of the Coinbase Group, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase EuropeKenya. Customers’ Digital Currency is segregated from the Coinbase Group’s (including Coinbase EuropeKenya’s) own Digital Currency or funds by way of separate ledger accounting entries for customer and Coinbase Group accounts. Notwithstanding the foregoing, the Coinbase Group shall not have any obligation to use different blockchain addresses to store Digital Currencies owned by you and Digital Currencies owned by other customers or by the Coinbase Group. Coinbase is under no obligation to issue any replacement Digital Currency in the event that any Digital Currency, password or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.

Appears in 1 contract

Samples: User Agreement

Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are assets held by the Coinbase Group for your benefit on a custodial basis. Among other things, this means: (A) Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase Group. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase Group shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, Coinbase; Coinbase does not represent or treat assets in a user’s Digital Currency Wallets as belonging to Coinbase. Coinbase may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) In order to more securely hold customer Digital Currency, the Coinbase Group may use shared blockchain addresses, controlled by a member of the Coinbase Group, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase EuropeSG. Customers’ Digital Currency is segregated from the Coinbase Group’s (including Coinbase Europe’sSG) own Digital Currency or funds by way of separate ledger accounting entries for customer and Coinbase Group accounts. Notwithstanding the foregoing, the Coinbase Group shall not have any obligation to use different blockchain addresses to store Digital Currencies owned by you and Digital Currencies owned by other customers or by the Coinbase Group. In addition, where Coinbase SG receives any Stablecoins from you for the purposes of transferring such Stablecoins to another user, and Coinbase SG continues to hold such Stablecoins at the end of the Business Day, Coinbase SG will implement appropriate safeguarding measures in accordance with the applicable laws and regulations. Coinbase is under no obligation to issue any replacement Digital Currency in the event that any Digital Currency, password or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.

Appears in 1 contract

Samples: Coinbase User Agreement

Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are custodial assets held by the Coinbase XxxxXxxxx.XXX Group for your benefit on a custodial basisbenefit. Among other things, this means: (A) : Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase XxxxXxxxx.XXX Group. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase XxxxXxxxx.XXX Group shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, Coinbase; Coinbase does not represent or treat assets in a user’s Digital Currency Wallets as belonging to Coinbase. Coinbase may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) . In order to more securely hold customer Digital Currencycustody assets, the Coinbase XxxxXxxxx.XXX Group may use shared blockchain addresses, controlled by a member of the Coinbase XxxxXxxxx.XXX Group, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase Europe. Customers’ Digital Currency is segregated from the Coinbase Group’s (including Coinbase Europe’s) own Digital Currency or funds by way of XxxxXxxxx.XXX Although we maintain separate ledger accounting entries for customer and Coinbase XxxxXxxxx.XXX Group accounts. Notwithstanding , no member of the foregoing, the Coinbase XxxxXxxxx.XXX Group shall not have any obligation to use different segregate by blockchain addresses to store address Digital Currencies owned by you and from Digital Currencies owned by other customers or by any member of the Coinbase XxxxXxxxx.XXX Group. 6. Coinbase TRANSACTIONS LIMITS AND ENHANCED DUE DILIGENCE 6.1 Transactions Limits. The use of all XxxxXxxxx.XXX Services is under no obligation subject to issue any replacement Digital Currency a limit on the volume, stated in the event that any GBP, EUR or other fiat currency or Digital Currency, password you may transact or private key is losttransfer in a given period (x.x. xxxxx). Please see Appendix 2 (Verification Procedures and Limits) for further details. To view your limits, stolenlogin to your XxxxXxxxx.XXX Account and visit xxxxx://XxxxXxxxx.XXX Your transaction limits may vary depending on your payment method, malfunctioningverification steps you have completed, destroyed or otherwise inaccessibleand other factors. We reserve the right to change applicable limits as we deem necessary. If you wish to raise your limits beyond the posted amounts, you may submit a request at xxxxx://XxxxXxxxx.XXX

Appears in 1 contract

Samples: User Agreement

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Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are assets held by the Coinbase Group HumanBace for your benefit on a custodial basis. Among other things, this means: (A) Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase GroupHumanBace. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase Group HumanBace shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, CoinbaseHumanBace; Coinbase HumanBace does not represent or treat assets in a user’s Digital Currency Wallets as belonging to CoinbaseHumanBace. Coinbase HumanBace may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase HumanBace will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) In order to more securely hold customer Digital Currency, the Coinbase Group HumanBace may use shared blockchain addresses, controlled by a member of the Coinbase GroupHumanBace, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase EuropeHumanBace. Customers’ Digital Currency is segregated from the Coinbase GroupHumanBace’s (including Coinbase EuropeHumanBace’s) own Digital Currency or funds by way of separate ledger accounting entries for customer and Coinbase Group HumanBace accounts. Notwithstanding the foregoing, the Coinbase Group HumanBace shall not have any obligation to use different blockchain addresses to store Digital Currencies owned by you and Digital Currencies owned by other customers or by the Coinbase GroupHumanBace. Coinbase HumanBace is under no obligation to issue any replacement Digital Currency in the event that any Digital Currency, password or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.

Appears in 1 contract

Samples: Terms of Service

Digital Currency Title. All Digital Currencies held in your Digital Currency Wallet are assets held by the Coinbase Group for on your benefit behalf on a custodial basis. Among other things, this means: (A) Title to Digital Currency shall at all times remain with you and shall not transfer to any company in the Coinbase Group. As the owner of Digital Currency in your Digital Currency Wallet, you shall bear all risk of loss of such Digital Currency. No company within the Coinbase Group shall have any liability for fluctuations in the fiat currency value of Digital Currency held in your Digital Currency Wallet. (B) None of the Digital Currencies in your Digital Currency Wallet are the property of, or shall or may be loaned to, Coinbase; Coinbase does not represent or treat assets in a user’s Digital Currency Wallets as belonging to Coinbase. Coinbase may not grant a security interest in the Digital Currency held in your Digital Currency Wallet. Except as required by a facially valid court order, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Digital Currency in your Digital Currency Wallet unless instructed by you or compelled by a court of competent jurisdiction to do so. (C) You control the Digital Currencies held in your Digital Currency Wallet. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address controlled by you or a third party. (D) In order to more securely hold customer Digital Currency, the Coinbase Group may use shared blockchain addresses, controlled by a member of the Coinbase Group, to hold Digital Currencies held on behalf of customers and/or held on behalf of Coinbase EuropeGermany. Customers’ Digital Currency is segregated from the Coinbase Group’s (including Coinbase EuropeGermany’s) own Digital Currency or funds by way of separate ledger accounting entries for customer and Coinbase Group accounts. Notwithstanding the foregoing, the Coinbase Group shall not have any obligation to use different blockchain addresses to store Digital Currencies owned by you and Digital Currencies owned by other customers or by the Coinbase Group. Coinbase is under no obligation to issue any replacement Digital Currency in the event that any Digital Currency, password or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible.

Appears in 1 contract

Samples: User Agreement

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