Source of Funds; Destination of Proceeds. Apex Crypto only authorizes the purchase of cryptocurrency using non-margined funds maintained in your Brokerage Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. You understand and acknowledge that any proceeds from the sale of cryptocurrency shall be returned to your Brokerage Account, and that you will not have the option to transfer proceeds to any other account, including an account that you own.
Appears in 7 contracts
Samples: User Agreement, User Account Agreement, User Account Agreement
Source of Funds; Destination of Proceeds. Apex Bakkt Crypto only authorizes the purchase of cryptocurrency using non-margined funds maintained in your Brokerage Account. You understand and acknowledge that you are not allowed to use funds that are not owned by you to enter into Cryptocurrency Transactions, and that you are not authorized to enter into Cryptocurrency Transactions on behalf of any third party. You hereby represent and warrant that all funds used by you to enter into Cryptocurrency Transactions (presently and in the future) are owned by you and are not the direct or indirect proceeds of any criminal or fraudulent activity. You understand and acknowledge that any proceeds from the sale of cryptocurrency shall be returned to your Brokerage Account, and that you will not have the option to transfer proceeds to any other account, including an account that you own.
Appears in 1 contract
Samples: User Account Agreement
