Fiat Currency. 8.3.1 As indicated on the Site or in a Service Schedule, based on your location, the Platform may support various Fiat Currencies for deposit, withdrawal, and/or trading via wire transfers, credit cards, or other suitable methods.
8.3.2 Upon receiving Fiat Currency that you deposit into your Account, we reflect the equivalent fiat balance amount as available for trading on your Account ("Fiat Balance") denominated in the relevant Fiat Currency, which represents the deposited Fiat Currency.
8.3.3 FIAT BALANCE IS NOT LEGAL TENDER. BIT IS NOT A DEPOSITORY INSTITUTION AND YOUR FIAT BALANCE IS NOT A DEPOSIT OR INVESTMENT ACCOUNT. YOUR FIAT BALANCE IS NOT INSURED BY ANY PUBLIC OR PRIVATE DEPOSIT INSURANCE AGENCY.
8.3.4 Your Account will not accrue any interest on the Fiat Balance it holds. Your Account may contain Fiat Balance in multiple currencies, and the Fiat Balance balance for each currency will be displayed.
8.3.5 You may acquire Virtual Assets using Fiat Balance credited to your Account, depending on your location. To execute a Virtual Asset purchase with Fiat Balance, follow the relevant instructions on the Site. You authorize us to deduct Fiat Balance from your Account to complete the purchase. Although we will strive to deliver Virtual Assets to you promptly, Fiat Balance may be deducted from your Account before Virtual Assets are credited to your Account.
8.3.6 You may sell Virtual Assets in exchange for specific Fiat Currencies, depending on your location. To execute a Virtual Asset sale, follow the relevant instructions on the Site. You authorize us to debit Virtual Assets from your Account and instruct us to credit your Account with the appropriate amount of Fiat Currency. Upon receiving the Fiat Currency, we will issue you an equivalent amount of Fiat Balance in the relevant Fiat Currency.
8.3.7 You may redeem any or all Fiat Balance in your Account at any time, subject to outages, downtime, and other applicable policies (including the User Agreement), by choosing the appropriate option on the Site and following the instructions. Unless otherwise agreed, funds will be transferred to the bank account you have registered with us. You represent and warrant that this bank account belongs to you and that you have full control over it. Providing us with accurate withdrawal account details is entirely your responsibility. We are not liable for any failure to receive withdrawn amounts due to incorrect or outdated details provided by you.
8.3.8 If the Use...
Fiat Currency. A government-issued currency designated as legal tender in its country of issuance through government decree, regulation, or law Can refer to a financial institution of the User used to send or receive Funds or a financial or any other institution of the Company that the Company uses to receive, transfer or send Funds from and to the User. Can be a bank, an electronic money institution or a similar entity. Documents that are requested by XCOEX from the Users in order to identify the User and comply with applicable laws Anti-Money Laundering / Combating the Financing of Terrorism regulations and requirements
Fiat Currency. Transactions (not using your E-Money Wallet). You may purchase supported Digital Currency by linking a valid payment method to your Digital Currency Wallet. You authorise us to debit funds using your selected payment method(s) to complete your purchase.
Fiat Currency. (1) You understand and agree that PDAX has third-party service providers or different payment channels such as, but not limited to, banks, remittance centers, or other facilities capable of disbursing Fiat Currency.
(2) PDAX does not own any of these third-party service providers and only has a client-service provider relationship. As such, PDAX has no control over the requirements that these service providers may set to process encashments or transfer and receipt of Fiat Currency. Execution of transactions may be stopped, held, or delayed, depending on the capacity of third-party service providers to perform their Fiat Currency functions.
(3) You authorize PDAX to use these channels in order to fulfill your requests to withdraw or return your Fiat Currency. PDAX shall not be held liable for any damage or loss arising from your transaction with these payment channels.
(4) You understand and agree that high volume or large withdrawals may not always be immediately available. Such transactions are subject to availability of funds of the third-party service providers, banks, and the asset storage policy of the PDAX, and as such, PDAX or any third-party service provider may require you to wait or set an appointment in order to withdraw your Fiat Currency.
(5) You understand and agree that PDAX shall not be liable for loss or damage caused by transferring your Fiat Currency to a wrong Third Party Account or any erroneously transferred Fiat Currency. PDAX is not able to reverse any transfers and will not have any responsibility or liability if you have provided account details for the transfer that is incorrect, improperly formatted, or erroneous.
(6) You shall be subject to the total cash-in and cash-out transaction limits (daily, monthly, and annual limit) applicable to your particular account tier. Users can have all or part of the withdrawable amount in their PDAX Account returned to them, which is the amount in excess of the minimum required balance and unrealized losses. However, Users cannot request withdrawal if the withdrawable amount is less than the withdrawal fee or charges applicable to such withdrawal.
Fiat Currency
