Digital currency risk warning
Coinify warns that buying and holding digital currencies such as Bitcoin carries several significant risks including but not limited to the following:
- Risk that your digital currency will lose much or all of its value. Digital currencies are still a new developing area, both technologically and financially, and thus their value can move extremely quickly within a very short time. Coinify advises that you only store amounts in digital currency that you can afford to lose.
- Risk that your digital currency wallet can be compromised by persons or organisations that can steal your funds. Depending on your wallet provider of choice, there may be no recourse or possibility of insuring your digital currency funds.
Create an account on Coinify
If you want to use Coinify, you must first create an account. Accounts can be created for both personal and business use.
As a user of Coinify you only need to provide an email address to create an account. However if you would like to take full advantage of the features Coinify offers, you must verify your identity by providing information such as name, mailing address, zip code, age, etc.
Abuse of account
You are responsible for maintaining the secrecy of your account information, including username and password. In the event of misuse or suspected misuse of your account, you must immediately notify Coinify. Coinify on suspicion of abuse can block your account. You assume all liabilities arising from unauthorized access of your account.
Coinify recommends that you, the user, maintains a high standard of safety:
- Enable 2 Factor Authentication where applicable
- Change your password at least once a month
- Never share your username and password with ANYONE
- Make sure that your password is too complex to guess (contains uppercase and lowercase letters and numbers)
- Always log out when you are finished using Coinify.
As a Coinify user you may choose to delete your account after 5 years of inactivity.
Coinify reserves the right to unilaterally terminate your use of the Service, either temporarily or permanently in the event of : unacceptable user behavior, attempted abuse of others 'accounts, attempts to gain access to others' data or any other reason Coinify deems necessary.
Collection of information
Coinify collects statistics and data through Coinify services in order to improve usability, reliability and product functionality.
Coinify takes safeguarding your privacy seriously. Specific items of personal information will not be disclosed to third parties unless you have expressly accepted this. This includes name, address, email and phone number.
Coinify will never share your specific consumption data to third parties without your express consent.
Coinify's technical staff is authorized to access data when necessary. This typically includes investigating suspicious transactions, technical problems and irregularities.
Coinify uses information about consumption on a statistical level, which your consumption data can be included. This happens for example if users want to compare their own consumption of a particular social group or the resale of statistics to third parties. Coinify ensures that statistical data does not contain personally identifying information and therefore can not be traced back to the individual user.
Information collected through Coinify will be treated in accordance with current Danish legislation and the Data Protection Agency guidelines.
Coinify is the owner of all content including blog posts, articles, videos, tips and advice as posted on the Coinify website unless otherwise stated.
Encryption of data traffic
The data that is communicated back and forth between Coinify and your computer is encrypted with a 256-bit SSL certificate. This means no one can intercept the data stream between Coinify and your device.
While we aim for 100% server up-time, we realize this isn't always possible. We are constantly working on improvements and performing upgrades which may result in server outages. When you create an account on Coinify, you agree to the status of the service at that time. Coinify reserves the right to perform maintenance or changes to the service at any time it sees fit. This may result in periods during which the service may be temporarily unavailable. Coinify will, to the extent that it is possible, announce such interruptions in advance. However, it is not required to do so and is not responsible for any damages or losses resulting from server outages.
You are responsible for the activities performed under your account on Coinify. Coinify shall not be liable for your or other users' content. If you come across content that is not correct, offensive or against the Terms of Service, you should report this to Coinify (email@example.com) immediately. Coinify reserves the right to delete content at any time it deems necessary.
Coinify is committed to the high standard of data security and precision. However Coinify shall not be liable for any loss that you may incur as a result of malfunctions, errors, security breaches or any other reason. In cases where Coinify establishes contact between the user and the third party, Coinify shall not be liable for any agreements and contracts concluded between these parties.
Coinify is a registered company in Denmark, and the laws of Denmark shall apply to all of Coinify’s activities.
These Terms were last updated on August 18, 2014 and replaces all previous versions of this document. In the event of any disagreement, this document shall be considered final. This agreement remains in effect until a new version is released.