Common use of Hosted Wallet Clause in Contracts

Hosted Wallet. You hereby engage Zero Hash to act as custodian of any cryptocurrencies that you obtain from Cryptocurrency Transactions or deposit to Zero Hash, as applicable. Such cryptocurrencies shall be stored, on your behalf, by Zero Hash in one or more omnibus Hosted Wallets. A “Hosted Wallet” is defined herein as any software, application, service, device or tangible object that is used to record and store the alphanumeric character string that is required to transfer any cryptocurrency (each a “Private Key”) for cryptocurrencies that are associated with your Account. As used herein “your Hosted Wallet” shall mean the portion of any Hosted Wallet attributable to the cryptocurrency you own as reflected in your Account and stored in a Hosted Wallet. Cryptocurrency obtained by you from cryptocurrency transactions or deposited to your Account from an external address to an address associated with your Hosted Wallet(s) or Account shall be stored, on your behalf, by Zero Hash in one or more omnibus Hosted Wallets (each a “Omnibus Hosted Wallet”). Zero Hash shall track the balance and ownership of cryptocurrencies purchased through the Services and stored in your Hosted Wallets, and you understand that you can view the balance of cryptocurrencies in your Account and stored in Hosted Wallets through the Platform or directly through the Zero Hash System, as applicable. You understand and acknowledge that you are solely responsible for reviewing your Account balance for accuracy and for notifying us of any suspected errors via email at xxxxxxx@xxxxxxxx.xxx within twenty-four (24) hours of the time any such error was identified.

Appears in 21 contracts

Samples: Services User Agreement, Services User Agreement, Services User Agreement

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