Legal Disclaimers ⚠️

Ontop Platform - Crypto Disclaimers

Last updated: January 20, 2022

🪙 At Ontop, we are committed to providing our Contractors with clear and transparent information so that you understand your obligations in managing your own crypto assets. If you feel that anything in this Disclaimer is unclear or difficult to understand, please reach out to us at📥 We are truly concerned about constantly improving your legal experience and welcome your feedback.

🎼 Note: The definitions used here follow those made in our 💻 Ontop Platform Terms of Service.

1. Definition and Scope 🪙🔭

Cryptocurrency, or simply “crypto”, is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. The disclaimers below apply to all Contractors who choose to transfer funds from the Ontop Wallet to any form of crypto.

2. No Investment Advice ❌📈

Cryptocurrencies can be complex and require a certain level of understanding. Ontop is not responsible for helping you navigate this complexity. Any information provided by Ontop in relation to crypto does not constitute investment advice, financial advice, trading advice, or any other sort of advice, but rather general information.

If you are unsure about how to handle your crypto assets, we recommend consulting with a financial advisor and conducting your own due diligence before making any crypto investment decisions.

3. Crypto Transactions 🪙💱

3.1 Accuracy of Transaction Information. It is your responsibility to request a transfer of the amount held in your Ontop Wallet to your own crypto account or wallet. You must provide us with the correct crypto wallet information in order for the transfer to be successful. You are solely responsible for reviewing all transaction information. We are not responsible for any incorrect crypto transactions, including but not limited to incorrect wallet addresses or insufficient funds in your Ontop Wallet. 

3.2 Executed Crypto Transactions are Unalterable. Once a crypto transaction is made, it cannot be undone or refunded. It is permanently recorded in a blockchain ledger. Please make sure to double-check all information before making any crypto transfer requests, since they are irreversible.

3.3. Tax Responsibility for Crypto Transactions. You are solely responsible to determine which taxes apply to your crypto transactions, if any. We are not responsible for determining the taxes that apply to your crypto transactions.

3.4. Crypto Transaction Fees and Price Fluctuations. You are solely responsible for the fees applicable to crypto transactions from the Ontop Wallet. These fees may be deducted from the final amount receivable in the crypto transaction. Similarly, you are also responsible for any fluctuations in crypto prices and potential losses that may arise. 

3.5 Regulated Institutions; Wallet Management. We use regulated institutions as partners for crypto transactions. We are not responsible for securely managing your crypto wallet and your crypto assets.