Is Phemex Legal in Canada

Is Phemex Legal in Canada

Phemex shall not be liable for any failure or delay resulting from abnormal or unforeseeable circumstances beyond our reasonable control and the consequences of which would have been unavoidable despite all efforts to the contrary, including, but not limited to, governmental action or acts of terrorism, earthquake, fire, flood or other force majeure, working conditions, delays or failures caused by problems with another system or network. were caused. mechanical failure or data processing errors or if we are bound by other legal obligations. For purposes of this Section 25, “Losses” means all net costs reasonably incurred by us or other persons referred to in this Section that result from the matters set forth in this Section 25 and that may relate to claims, demands, causes of action, liabilities, costs, expenses or other liabilities. including reasonable attorneys` fees (without duplication). Phemex`s exchanges are limited to those of the following countries and jurisdictions: United States, Cuba, Quebec, Singapore, North Korea, Sevastopol, Sudan, Iran, Syria. And all other countries where it is illegal to trade cryptocurrencies. Phemex may partner with third parties who provide certain services (including, but not limited to, fiat/digital asset services, identity verification services, and data processing services). If such a third party loses money, discloses your information, fails, or ceases operations, there may not be specific legal protection to cover you for losses resulting from money you may have held with that third party, even if that party is registered with a government agency. Depending on the structure and security of the digital wallet, some may be vulnerable to hacks, resulting in the theft of digital assets or the loss of user assets.

Phemex will not be liable for any losses caused by or attributed to such third parties. We frequently post outage notifications and other relevant information about the Services on [Phemex.com] or the App, so we encourage users to check this before contacting support@phemex.zendesk.com or online chat. The phemex.com homepage is a challenge for your eyes thanks to the bright white background. Otherwise, it`s clear and intuitive. The history of Bitcoin in Canada can be compared to previous currencies in Canada. Canada has not legalized bitcoin or other cryptocurrencies in the country. The Bank of Canada recently released a report comparing the time it spent processing private and government-issued bank notes. The characteristics of these two have shown some similarity with the way cryptocurrencies work today. When registering your account, you must provide current, complete and accurate information for all required items on the registration page, including your full legal name.

You are the only person authorized to use your account and you may not disclose your account credentials to anyone else. You also agree to provide us with any additional information we request for identity verification purposes and detection of money laundering, terrorist financing, fraud or other financial crimes during account registration and on an ongoing basis. You authorize us to record this information and authorize us to execute requests, directly or through third parties, that we deem necessary to verify your identity or protect you and/or us from fraud or other financial crimes, and to take such action as we deem necessary based on the results of such investigations. When we make these requests, you acknowledge and agree that your personal information may be shared with credit reference agencies and fraud or financial crime prevention agencies, and that these agencies may fully respond to our requests. It`s more of a legal perspective based on cryptocurrency and the Canadian tax landscape. Seeing how crypto exchanges are often seen as illegal marketplaces with online criminals, it`s quite refreshing to see a company trying to be 100% legitimate and transparent about its activities. Coinberry is a reputable company that runs a good beginner-friendly operation. You or Phemex may file a Dispute (after making good faith efforts to resolve such Dispute in accordance with the paragraph above) for final and binding resolution by arbitration in accordance with the Singapore International Arbitration Centre (“SIAC”) Arbitration Rules, which shall be deemed incorporated by reference. The arbitral tribunal shall be composed of a sole arbitrator appointed by the President of SIAC.

The language of the arbitration shall be English and the seat or place of arbitration shall be Singapore. Judgment on an arbitral award may be rendered in any court having jurisdiction over the party (or the property of the party) entitled to that award and is responsible for the award. There are no fees to deposit funds. The withdrawal fee is set at low 0.0005 BTC, with a minimum withdrawal amount of 0.002 BTC. There are no deposit and withdrawal fees when you transfer money from one sub account to another. Of course, this could change in the future as the platform continues to grow in user numbers and daily volume. (phemex.com/fees-conditions) If we are unable to resolve the dispute through the complaint process, you and we agree that any dispute arising out of or related to these Terms or the Services, including, but not limited to, federal and state statutory claims, common law claims, and claims based on contract, a tort, fraud, misrepresentation or any other legal theory, be resolved by binding arbitration. on an individual basis (the “Arbitration Clause”).

You may terminate these Terms at any time by closing your account in accordance with these Terms. To do this, you need to contact support@phemex.zendesk.com or online chat that will help you close your account. You should also contact support@phemex.zendesk.com or online chat if you want to close an account on behalf of a deceased user. You may not close an account if Phemex determines, in its sole discretion, that such closure is being done to circumvent a legal or regulatory investigation or to avoid payment of amounts otherwise due to Phemex. I sent a code in my email to access my Phemex account. I can`t restore it. Trading futures on Phemex is a HIGH RISK. Reference is made to the specifications of phemex.com/contract/introduction. As a futures trader, you acknowledge and agree that you access and use the futures trading service at your own risk. You agree that all investment transactions made on Phemex represent your true investment intentions and unconditionally accept the potential risks and rewards of your investment decisions. You should fully understand the risks associated with futures trading and be solely responsible for all trading and non-trading activities on your futures account. Do not enter into a transaction or invest in funds that are beyond your financial means.

You unequivocally agree and understand that by opening an Account and using the Services in any capacity, you are acting and are legally bound in accordance with these Terms and all applicable laws and regulations (including, but not limited to, those set forth in this Section 1, if applicable), and if you fail to do so, this may result in suspension of your ability to use the Services or termination of your account. For the avoidance of doubt, continued use of your account is conditioned upon your compliance with these Terms and all applicable laws and regulations at all times. To contact support, contact support@phemex.zendesk.com or online chat. Please provide all relevant information, including your Phemex username and transaction IDs. While we make no representations or warranties regarding timeliness, we will respond as soon as possible. Phemex provides pure execution service and does not advise on the merits of any particular transaction, business risks or their tax consequences, and Phemex does not provide any other financial, investment or legal advice in connection with the Services. The opinions, news, research, analysis, prices or other information contained in the Plan Form are provided as general market commentary and do not constitute investment advice.

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