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At WOL iBank, it’s important to us that you have choices and control in how we handle your personal data. All our products are reviewed extensively by our privacy team before launch, so you can expect privacy by design.
1. You can top up Digital Assets into your WOL iBank Account at any time by effecting a Digital Assets transfer from: (i) your personal wallet to your Digital Asset Wallet, or (ii) your WOL iBank Pro Account, applicable only in case you have opened a WOL iBank Pro Account in accordance with the WOL iBank Pro Terms of Service, while specific requirements and limitations, such as but not limited to minimum amount of each Digital Asset and Margin Level threshold, may apply from time to time, as indicated оn the WOL iBank Platform or the WOL iBank Pro Platform. You can subsequently use the Digital Assets in your WOL iBank Account for the purpose of all WOL iBank Services.
2. You are responsible for making sure that: (i) you have the correct address for your Digital Asset Wallet when you transfer Digital Assets from your personal wallet, (ii) the Digital Assets you top up into your Digital Asset Wallet are currently approved and supported by WOL iBank and not subject to prohibitions or limitations regarding such topping-up, as indicated in the WOL iBank Account and on the WOL iBank Platform. If: (i) you transfer Digital Assets to an incorrect address, (ii) the Digital Assets transferred are not approved and supported by WOL iBank, or (iii) the Digital Assets are subject to prohibitions or limitations regarding such topping-up, as indicated in the WOL iBank Account and on the WOL iBank Platform, your Digital Assets will be irreversibly lost. We will not be liable to you for any such loss.
3. A transfer to your Digital Asset Wallet is confirmed once the balance of your Digital Asset Wallet has been updated with the corresponding amount.
4. We reserve the right to reject any transfer to the Client’s Digital Asset Wallet, in which case we proceed in accordance with their instructions. In case of a Digital Asset transfer to the Client, we will return the same amount of the relevant Digital Asset, less any applicable network fees.
Applicable Law means any law, statute, regulation, ordinance, treaty, guideline, policy, and act issued by any governmental or regulatory authority in any relevant jurisdiction, including but not limited to the governing law under Section XVIII of these Terms and/or any provision of the Exhibits thereto.
Base Asset means the first Digital Asset in the Trading Pair, as indicated on the WOL iBank Platform and in the WOL iBank Account, which may be chosen by you for the purpose of an Exchange Transaction.
Business Day(s) means any day(s) when banking institutions in the relevant jurisdiction are open for normal business activities (which usually means any day(s) except Saturday, Sunday or public holidays).
Counter Asset means the second Digital Asset in the Trading Pair, as indicated on the WOL iBank Platform and in the WOL iBank Account, which may be chosen by you for the purpose of an Exchange Transaction.
Credit Wallet means a Digital Asset Wallet in the Client’s WOL iBank Account comprising all the Digital Assets of this Client used or intended to be used as Collateral of WOL iBank Crypto Credits, but excluding the Digital Assets serving as Collateral in the Futures Wallet.
Crypto Bundle means a pre-determined selection of Digital Assets serving as Counter Assets, where the Client may, under a single Order, execute several Exchange Transactions using a common Base Asset, divided equally between the Trading Pairs.
1. Digital Assets in your WOL iBank Account may be held in custody with third parties. Depending on the relevant custody arrangements, Digital Assets’ private keys, which are used to process transactions, may be stored in a combination of online and offline storage. WOL iBank shall have no obligation to create a segregated blockchain address for your Digital Assets.
2. Digital Assets may be stored in a variety of different ways, including across multiple blockchain protocols, such as layer two networks, alternative layer one networks, or side chains. WOL iBank may transfer such Digital Assets from the primary blockchain protocol and hold such Digital Assets on shared blockchain addresses, controlled by WOL iBank, on alternative blockchain protocols in forms compatible with such protocols. You agree that all forms of the same Digital Asset that are held and made available across multiple blockchain protocols may be treated as fungible and the equivalent of each other, without regard to: (i) whether any form of such Digital Asset is wrapped, or (ii) the blockchain protocol on which any form of such Digital Asset is stored.
3. For certain Digital Assets, the underlying protocols offer the ability to vote on matters related to the governance of protocol-level issues. WOL iBank may or may not support voting for such Digital Assets, and may cease supporting voting at any time at its sole and absolute discretion. WOL iBank will comply with your instruction to vote with your Digital Assets to the extent WOL iBank supports voting for such Digital Assets. In certain cases, WOL iBank may vote on your behalf, where WOL iBank or the applicable protocol does not support delegated voting.
1. You may transfer any Digital Asset other than the ones subject to the prohibitions or limitations indicated in the WOL iBank Account and on the WOL iBank Platform, from your Digital Asset Wallet to another wallet of yours or of a third party.
2. We will process all Digital Asset transfers according to your instructions, while, subject to any Applicable Law, we may have to collect identifying details of the recipient and disclose them to third parties. If you fail to provide us with the requested information in a timely manner, we may, without liability, suspend, limit or terminate your use of the WOL iBank Services or access to your WOL iBank Account.
3. You shall verify all transaction information prior to submitting instructions for a Digital Asset transfer to WOL iBank, as any such transfer cannot be cancelled or reversed by you once processed. You acknowledge that you are responsible for ensuring the accuracy of any instructions submitted to WOL iBank and that any errors may result in the irreversible loss of your Digital Assets. WOL iBank is not liable and has no control over the outcome arising from the recipient/destination of the transferred Digital Assets, as well as the delivery, quality, safety, legality, grounds or any other aspect of the transfer. We are not responsible for ensuring that a third party will honour their commitments to you, if any. Any disputes or issues related to the recipient/destination of the transferred Digital Assets must be resolved directly with the relevant third party.
