Terms & Conditions

Please read these Terms of Conditions (hereinafter – the “Terms“)
carefully before using any services, provided by GeoCurrency Sp. z o. o., a
legal entity incorporated under the laws of Poland, including but not
limited to GeoCurrency (https://geocurrency.io) website (hereinafter – the

If you do not agree with these Terms, you may not access or use the
Website or any Services provided on the Website. All information and
Services provided on the Website are provided on a strictly “as-is” basis
without any warranty whatsoever.

Please leave the Website and do not create an Account if you do not
agree with the terms and conditions laid down below. Otherwise, you take
all risks and responsibility for holding and dealing in Virtual Currency,
though we have warned you.

  1. Terms and Definitions

    1.1. Account – a client corporate account, opened offline in line with KYC policy,
    to access GeoCurrency Services.

    1.2. AML Policy – rules of conduct aimed at the prevention of money laundering
    and terrorism financing, developed by the Company in accordance with the
    Applicable Law, which construes an integral part of the Terms and can be
    accessed at https://geocurrency.io/privacy-policy-2/

    1.3. Applicable Law – laws of Poland, applicable under these Terms to any and all
    relations between you and the Company.

    1.4. GeoCurrency (also referred to as the “Platform“) – an online platform,
    operated by the Company, that offers Services of exchanging Virtual Currencies
    and other services.

    1.5. Deposit – a transaction, which involves the transfer of units of Virtual
    Currency from external wallets to your Account.

    1.6. GeoCurrency Sp. z o. o. (also referred to as the “Company“, “We“, “Our“) – a
    company, incorporated in Poland under Company Number 0000960924 with a
    registered address at Jana Kochanowskiego Street 12A/4, 40-035, Katowice,
    which provides you access to the Services on the Platform.

    1.7. Exchange – exchange transaction of a Virtual Currency to fiat currency or
    vice versa, or of Virtual Currency to another Virtual Currency conducted through
    the Account.

    1.8. Exchange Rate – the value between assets in trading pairs.

    1.9. Fee – commission or other costs, charged by the Company for the use of

    1.10. Privacy Policy – rules of personal data collection, storage, and use,
    developed by the Company in accordance with the Applicable Law, which
    construes an integral part of the Terms.

    1.11. Services – any services provided on the Platform by the Company.

    1.12. User (also referred to as “You“, “Your“) – a legal entity, incorporated in an
    appropriate legal form, that has opened an Account, who has the capacity to
    enter into a legally binding contract and use the Service, and is not prohibited to
    do so and use the Services by the Applicable Law or any other laws that may

    1.13. Virtual Currency – decentralized peer-to-peer digital asset, that has no
    central issuer and is not legal tender, is not securities, e-money, or money under
    the Applicable Law.

    1.14. Website – an Internet website, maintained and owned by the Company at

    1.15. Withdrawal – a transaction, which involves the transfer of the units of Virtual
    Currency from your Account to external wallets.
  2. Terms of Use Status and Acceptance

    2.1. These Terms constitute a legally binding agreement between you and the

    2.2. These Terms apply to any and all Services, information, texts, and other
    products, offered on the Website by the Company.

    2.3. By accessing the Website, opening an Account, or ticking the “I agree to the
    Terms of Use and Privacy Policy” checkbox, you agree to be bound by these
    Terms and confirm that you have read, understood, and accepted all the
    provisions of these Terms, as well as provisions of our Privacy Policy, AML Policy,
    and other legally binding document publicly available on the Website.

    2.4. You cannot use the Website and create the Account if you have not read,
    understood, and accepted all the provisions of these Terms.

    2.5. The Company may change, remove, or add the context of the Terms and
    reserves the right to do so in its sole discretion. All new and/or revised provisions
    of the Terms take effect immediately and apply to your use of the Website, the
    Account and the Services from that date on. Please, check these Terms regularly
    to be aware of all current provisions of these Terms.

    2.6. The Company may notify you about significant changes in these Terms. This
    can be done by posting a notification on the Website or sending you an e-mail (if

    2.7. You can review the most current version of the Terms using the Terms of Use
    link. If you continue to use the Website after the Company makes changes to the
    Terms, you expressly confirm your acceptance of the new and/or revised Terms.

    2.8. These Terms, including our Privacy Policy and the AML Policy, any and all
    notices, notifications, policies, warnings and disclaimers constitute entire
    agreement between you and the Company.
  3. Services

    3.1. The Company provides the following services on the Website (collectively –
    “Services”, and separately – the “Service”):
    ● Exchange of Virtual Currency unit for units of another Virtual Currency/fiat
    ● Virtual Currency wallet services;
    ● Depositing and withdrawing units of Virtual Currency on the Platform;
    ● API integration for the use of Services.

    3.2. By providing a Service of exchanging Virtual Currency units for units of
    another Virtual Currency or fiat money and vice versa, the Company uses spot
    deliverable 3rd party services for best exchange rates and depth of markets to
    minimize the risk and offer the best available market prices.

    3.3. By providing a wallet Service, the Company provides you with a digitally
    secured wallet for Virtual Currencies, aimed to exchange, store, and withdraw
    units of Virtual Currencies and securely stores your private keys for these

    3.4. To access Services, you have to deposit units of Virtual Currencies on the

    3.5. Deposits and withdrawals are made in accordance with Section 9 of the

    3.6. The Company may at any time disable the access to the Website, the
    Account and/or specific Service or all Services altogether and reserves the right
    to do so in its sole discretion.

    3.7. The Company only offers Services regarding Virtual Currencies the Platform
    supports. Please, check the Website regularly to be aware of what Virtual
    Currencies are supported. You should not attempt to use your Account to deposit
    Virtual Currencies the Platform does not support.

    3.8. The Company stores all keys related to your Virtual Currencies holding on the

    3.9. The provision of Services might be delayed due to circumstances including
    but not limited to technical difficulties, reasonable doubts about the nature or
    source of funds deposited on the Platform, carrying out AML/KYC checks as set
    forth in the AML Policy, etc.

    3.10. The Company may also provide you with an aggregated nominal value of all
    your assets in USD, EUR, BTC or any other currency or Virtual Currency based on
    their current exchange rate for the overview purposes.

    3.11. To use Integration Service, you have to have an active account. Upon a
    successful registration, you may pay for the services using Virtual Currencies
    stored on your account. This is a subject to be specified in a separate Agreement
    between Client and Company.
  4. User’s Eligibility

    4.1. To access the Services, you must open an Account on the Website by
    undergoing a registration procedure by contacting our support team.

    4.2. The Services and the use of the Website are available to legal entities, that:
    ● have the capacity to enter into a legally binding contract and use the
    Services, and are not prohibited to do so and use the Services by the
    Applicable Law or any other laws that may apply;
    ● are residing or incorporated in countries and territories we support.
  5. Registration Requirements

    5.1. In order to receive access to the Services, provided on the Website, you will
    have to provide certain information and documents and undergo a verification
    procedure. For more information, please, read the AML Policy.

    5.2. The Company may at any time request you to provide additional documents
    and information and/or updated documents and/or information and documents
    submitted before and reserves the right to do so at its sole discretion. Failure to
    abide by these requirements may result in temporary or permanent termination
    of Services provision and/or Account suspension.

    5.3. You are solely responsible for the accuracy, validity, and correctness of all
    information and documentation you submit to the Company. Should there be
    any error, mistake, update, or change in information or documents you have
    submitted prior, you are obliged to notify the Company immediately.

    5.4. Information and documents submitted by you to the Company are
    processed according to provisions of our Privacy Policy.
  6. User Conduct

    6.1. While visiting, accessing, using the Website and Services, you agree to:
    ● not violate or assist any third party in violating these Terms and/or any
    Applicable Law, which may include but is not limited to international laws,
    national laws, statutes, regulations, etc.;
    ● not provide false, inaccurate, incomplete and misleading information to the
    ● not violate intellectual property rights (trademark, copyright, patent, and
    other intellectual property rights) of the Company;
    ● not use the Website in any way that can damage, disable or overburden the
    Website, which may include but is not limited to uploading or in any other
    way, while using the Website, sending viruses, Trojan horses, spyware,
    adware or any other malicious code; performing DDoS attacks, interfering
    with or disrupting any network, equipment, or server connected to or used to
    provide services on the Website;
    ● not attempt to gain unauthorized access to the Website, other Users’
    Accounts, computer systems or networks connected to the Website or to
    extract data from the Website;
    ● not share your Account and/or password with third parties or use any other
    person’s Account and/or password;
    ● not impersonate or misrepresent your affiliation with another User, person or
    entity, nor make other fraudulent, false, deceptive, or misleading
    ● not violate any laws that apply in your jurisdiction concerning the use of
    Virtual Currency;
    ● not violate these Terms and the Applicable Law in any other way.
  7. Account Closing & Suspension

    7.1. You can close your Account at any time at your sole discretion.

    7.2. Before closing your Account, all your assets have to be withdrawn to external

    7.3. The Company reserves the right to suspend your Account in an event:
    ● we reasonably believe your Account has been compromised, as well as for
    any other security reasons;
    ● we reasonably believe your Account is being used by a person with no right
    and/or authorization to do so;
    ● you fail to comply with these Terms, as well as with any other document that
    construes a part of these Terms;
    ● you have provided us with any false, incomplete, misleading, inaccurate
    ● you, your Account, your behavior poses regulatory risks to the Company;
    ● we reasonably suspect you of fraud, violating the Applicable Law;
    ● other reasons that constitute a violation of these Terms and the Applicable

    7.4. The Company may, but is not obliged to, notify you about the reasons for
    your Account suspension. Assets from your Account will be withdrawn to wallets,
    information about which you shall provide to the Company’s customer support.

    7.5. In an event of Account closing or suspension, you will still be liable for all
    applicable Fees.

    7.6. The Company is not liable for any losses suffered due to your Account closure
    or suspension.
  8. Deposits and Withdrawals

    8.1. You can deposit units of Virtual Currency to your Account by following
    Deposit instructions on your Account page. Please carefully read Deposit

    8.2. You can withdraw units of Virtual Currency at any time at your sole discretion
    subject to temporary or permanent restrictions imposed in the course of internal
    investigation or by law (e.g. court orders).

    8.3. You can withdraw your units of Virtual Currency in any amount, provided
    there are enough Virtual Currency units to cover the applicable Fees.

    8.4. Each Withdrawal of Virtual Currency is subject to mining fee charged by the
    respective blockchain network. When sending your transaction to the blockchain,
    we will try to keep the balance between reasonable fees and speed of
    processing, however, we reserve the right to determine the exact amount of
    mining fee to be set in our sole discretion.

    8.5. The Company shall not be liable for the transfer of your units of Virtual
    Currency to other wallets. You are solely liable for the accuracy of information,
    required for carrying out a Withdrawal (i.e. addresses, tags and any other
    required credentials). The Company strongly advises you to always double-check
    the accuracy of information provided for Withdrawal purposes.

    8.6. You shall always keep in mind that blockchain transactions are irreversible,
    and therefore, once the transaction has been sent to the blockchain network
    upon your request (in case of Withdrawals), we cannot reverse it at all.
  9. Fees

    9.1. The Service operates on an non-automatically fee-charging basis for the
    Services and the Company will issue invoices by the end of each calendar month.

    9.2. The Company may change the Fee structure at any time (including adding
    new fees for new Services) and reserves the right to do so at its sole discretion.
    The Company will notify you about any changes in Fee structure.

    9.3. Fees are paid in a Virtual or Fiat Currency that corresponds to the respective

    9.4. Blockchain fees related to the use of the blockchain network are fully your
    responsibility, unless you use additional services that have been previously
    agreed upon with the Company.
  10. Settlements, Cancellations, and Refunds

    10.1. When depositing, withdrawing, or exchanging units of Virtual Currencies for
    another Virtual Currency/fiat money, respective assets shall be debited and
    credited into your Account.

    10.2. Once your order to exchange Virtual Currency has been completed, it
    cannot be canceled or reversed. Exchanges are final and there are no refunds for

    10.3. The order to exchange Virtual Currency can be canceled by the Company in
    an event of a technical fault of the Platform.
  11. Content

    11.1. The Company may produce and display content (the “Content”) on the
    Website, which includes but is not limited to information, texts, images, video,
    and audio files.

    11.2. The Content does not constitute any form of investment advice, financial
    advice, trading advice, or any other sort of advice unless specifically mentioned
    otherwise and should not be construed as such. The Company shall not hold
    liability for any actions that arise from its Content.
  12. Intellectual Property

    12.1. All components, Content of the Website, and the Website as a whole belong
    to the Company and are protected with, including, but not limited to copyright,
    trademarks, trade secrets. All rights reserved.

    12.2. You must not reproduce, reprint, publish, modify, distribute, display,
    transmit, license, transfer or otherwise exploit Content or technology from the
    Website without Company’s prior written consent.

    12.3. Violation of any of the intellectual property rights of the Company is strictly
  13. Links to Third-Party Websites

    13.1. The Website may contain links to third-party websites or services that are
    not owned or controlled by the Company.

    13.2. The Company has no control over and assumes no responsibility for, the
    content, privacy policies, or practices of any third-party web sites or services.
    The Company shall not be responsible or liable, directly or indirectly, for any
    damage or loss caused or alleged to be caused by or in connection with the use
    of or reliance on any such content, goods or services available on or through any
    such websites or services.
  14. Confidentiality and Privacy Policy

    14.1. Personal information that you provide to the Company, including
    information provided in accordance with our AML Policy and any information
    about your use of the Website that the Company obtains will be subject to our
    Privacy Policy.

    14.2. The Company may be obliged to disclose your personal information to law
    enforcement authorities, data protection authorities, financial regulators,
    financial service providers, governmental authorities and officials, and other
    authorized persons, as set forth in the Privacy Policy.

    14.3. In an event the Company suspects you of violating the AML Policy, we shall
    report such behavior and disclose relevant personal information to relevant
    authorities in accordance with the Applicable Law.
  15. Disclaimers and Limitations of Liability

    15.1. For non-performance or improper performance of their obligations under
    these Terms, the Company and you shall be liable in accordance with these Terms
    and the Applicable Law, unless otherwise provided hereby.

    15.2. The Website, Content, and Services are provided without any guarantees,
    conditions, or warranties as to its accuracy, quality, and fit for a particular
    purpose or need. The Company does not guarantee that the Website and
    Services are error-free, reliable, or will operate without interruption.

    15.3. The Website is provided to you on the “as-is” basis.

    15.4. The Company does not guarantee that any exchange requests will be
    accepted, executed, or recorded.

    15.5. The Company shall not be liable for the use or inability to use the Website
    and Services.

    15.6. In no event shall the Company, its officers, directors, employees, agents,
    third-party service providers be liable to you or any other person or entity for
    any direct, indirect, incidental, special, punitive, or consequential damages
    whatsoever, including any that may result from (i) the accuracy, completeness, or
    content of the Website, (ii) the accuracy, completeness, or content of any
    websites linked (through hyperlinks, banner advertising or otherwise) to the
    Website, (iii) the Services found at the Website or any websites linked (through
    hyperlinks, banner advertising or otherwise) to this Website, (iv) personal injury
    or property damage of any nature whatsoever, (v) third-party conduct of any
    nature whatsoever, (vi) any unauthorized access to or use of Company’s servers
    and/or any and all content, personal information, blockchain information or
    other information and data stored therein, (vii) any interruption or cessation of
    Services to or from the Website or any websites linked (through hyperlinks,
    banner advertising or otherwise) to this site, (viii) any viruses, worms, bugs,
    trojan horses, or the like, which may be transmitted to or from this site or any
    websites linked (through hyperlinks, banner advertising or otherwise) to this
    Website, (ix) any loss or damage of any kind incurred as a result of your use of
    the Website or the Services found at the Website, whether based on warranty,
    contract, or any other legal or equitable theory, and whether or not the company
    is advised of the possibility of such damages, (x) losing access and/or
    unauthorized access to your Account, (xi) any errors or malfunctions caused by
    or otherwise related to any wallets used to deposit and withdraw Virtual
    Currencies, (xii) malfunctions, breakdowns and abandonment of blockchain
    protocols, (xiii) changes in regulatory approaches or legal actions taken
    regarding the blockchain technology and Virtual Currency, (xiv) taxation and/or
    changes in tax system regarding Virtual Currencies, (xv) advancements in
    cryptography, any technical advancements that may present risks to blockchain
    protocols, (xvi) unfavorable fluctuations of Virtual Currencies, (xvii) errors in the
    provision of Services; (xviii) other risks associated with purchasing, holding, and
    Virtual Currencies, and using the Website and Services.

    15.7. The Company shall not be liable for any events that may include but are not
    limited to civil, criminal, and administrative actions that may arise from you
    using blockchain and Virtual Currency if such use is forbidden or otherwise
    limited in your country.

    15.8. The Company, its officers, directors, employees, and agents do not provide
    investment advice, financial advice, trading advice, legal advice or any other sort
    of advice.

    15.9. To the extent permitted by Applicable Law, you agree to defend, indemnify,
    and hold harmless the Company from and against any and all claims, damages,
    obligations, losses, liabilities, costs or debt, and expenses arising from: (i) your
    use of and access to the Website and Services; (ii) your violation of any term of
    these Terms; or, (iii) your violation of the Applicable Law, including any law, rule,
    or regulation, or the rights of any third party.

    15.10. In case of any circumstances of insuperable force (i.e. events of
    extraordinary or insuperable nature) that have occurred and remain in effect
    beyond your and the Company’s (the “Parties'”) control and that a Party could
    neither foresee nor prevent for objective reasons, if these circumstances prevent
    a Party from proper fulfillment of its obligations hereunder, the term for
    fulfillment of such obligations hereunder shall be extended for the period of the
    effect of such circumstances of insuperable force. The circumstances of
    insuperable force shall include wars and other military operations, earthquakes,
    floods, and other natural disasters, adoption of laws and regulations by state
    and local authorities, failure of power supply or communication system or other
    similar circumstances that prevent the Parties from the proper fulfillment of their
    obligations hereunder.
  16. Announcements

    16.1. The Company may from time to time post official announcements, news,
    notices, etc. on the Website. In no event shall the Company be liable for any
    losses arising from you neglecting or ignoring the Announcements.
  17. Applicable Law and Dispute Resolution

    17.1. These Terms are governed by the laws of Poland.

    17.2. You and the Company shall endeavor to resolve through negotiations all
    disagreements that may arise between you and the Company during the validity
    term hereof.

    17.3. If the parties fail to reach an agreement on the dispute within 30 (thirty)
    calendar days, the dispute shall be submitted to the competent court under the
    Applicable Law.
  18. Final Provisions

    18.1. These Terms shall remain in force until terminated either by you or the
    Company. The Company may terminate these Terms at any time at its own
    discretion without explaining the reasons for this decision.

    18.2. If any questions have not been regulated by these Terms, they shall be
    regulated under the Applicable Law.

    18.3. These Terms are a legally binding agreement and together with its other
    integral parts constitute an entire agreement between you and the Company.

    18.4. In an event the Website is available in multiple languages, the English
    version of the Terms shall prevail.

    18.5. All provisions of these Terms applicable to the Website shall apply to others
    means of providing Services, unless specifically stated otherwise.

    18.6. Should you have any comments, questions, or complaints, please contact us
    at [email protected].