*ACCEPTANCE OF TERMS
Thank you for choosing Primux Wealth.The following Terms and Conditions and the Privacy policy.(together, the “Terms”) apply to any person that registers for and/or opens a Primux Wealth Account through primuxwealth.com or any associated mobile applications, website, or APIs (together, the “Primux Wealth site”).
The Terms constitute a legally binding agreement between you and Primux Wealth Pte. Ltd., which is a company incorporated under the laws of Singapore. For further information on Primux Wealth Pte. Ltd., and its operating subsidiaries, please see the Primux Wealth company information page on the Primux Wealth website. For the purposes of these Terms, any reference to “we” “us” “our” “Primux Wealth ” and/or any similar term shall be construed as reference to Primux Wealth Pte. Ltd.
By registering for and opening a Primux Wealth Account, you unconditionally accept these Terms and agree to be bound by and act in accordance with them. You also accept and agree that you are solely responsible for understanding and complying with all laws, rules, regulations and requirements of the jurisdiction in which you live that may be applicable to your use of the Primux Wealth Site and/or your Primux Wealth Account, including but not limited to, those related to export or import activity, taxes or foreign currency transactions. Depending on your country of residence, you may not be able to use all the functions of the Primux Wealth Site.
Please read these Terms carefully before using the Luno Site because they affect your legal rights and obligations.
*AMENDMENT OF TERMS
Primux Wealth may amend the Terms from time to time. You should visit the Primux Wealth website regularly to check when the Terms were last updated (as displayed at the top of this document) and to review the current Terms. We will do our best to notify you of any amendments to the Terms that we consider likely to materially affect your rights and obligations. Any such notice will be posted on the Primux Wealth Site, or sent by email to the address associated with your Primux Wealth Account (see Electronic Communications).
The continued use of your Primux Wealth Account, after any amendment to these Terms, constitutes your acceptance of the Terms, as modified by such amendment. If you do not accept the Terms, or any amendment to them, you must immediately stop using the Primux Wealth Site and your Primux Wealth Account.
*ELIGIBILITY
By opening a Primux Wealth Account, you expressly warrant and represent that:
•You are 18 years of age or over and have full capacity to accept the Terms and enter any transaction available through the Primux Wealth Site;
•You will not open, or attempt to open, a Primux Wealth Account under any name except your own; or use your Primux Wealth Account to carry out transactions on behalf of a third party;
•You will follow the Primux Wealth business account application process if you seek to open and use a Primux Wealth Account for a non-individual legal entity (e.g. a company, trust or partnership);
•You will not have more than one Primux Wealth Account; use or access any Primux Wealth Account other than your own; or assist any other person in obtaining unauthorised access to any Primux Wealth Account;
•You will provide security for transactions carried out through your Primux Wealth Account by ensuring there is sufficient Local Currency or cryptocurrency (as the case may be) in your Primux Wealth Account in advance of any transaction;
•You will not allow or facilitate the deposit of Local Currency into your Primux Wealth Account unless that deposit is made in accordance with the Deposit Requirements (see Deposits);
•You will not allow or facilitate the withdrawal of Local Currency from your Primux Wealth Wallet to a wallet held in the name of a third party (see Withdrawals);
•You will not use your Primux Wealth Account for or in relation to any illegal activity, any Prohibited Activity, in violation of any laws, statutes, ordinances or regulations, or in breach of Primux Wealth’s Export Controls and Sanctions requirements;
•You are not a national or resident of the United States of America.
- Any capitalised terms used in this Eligibility section shall have the meaning given to them in these Terms. Reference in these Terms to “Local Currency” means fiat or government issued currency (e.g. GBP, EUR, ZAR).
By opening a Primux Wealth Account you accept and agree that Primux Wealth may, without further notice and in its sole discretion, terminate, suspend or restrict the account of any customer who uses, or who we reasonably suspect may be using, the Primux Wealth Site or any Primux Wealth Account in a manner that is inconsistent with the letter or spirit of these Terms.
*RISKS
Before using the Primux Wealth Site, you should ensure that you understand the risks involved in buying, selling or trading cryptocurrencies. Cryptocurrency markets can be volatile and prices can fluctuate significantly, which could result in sudden and significant increases or decreases in the value of your assets. This market volatility and other risks involved in buying, selling or trading cryptocurrencies are explained on the Primux Wealth website.
You should carefully assess whether your financial situation and risk tolerance is suitable for buying, selling or trading cryptocurrency. You accept and agree that you are solely responsible for any decision to buy, sell, trade or otherwise hold or deal with cryptocurrency.
*ELECTRONIC COMMUNICATIONS
You accept and agree that:
•any communications, agreements, notices and/or any other documents (together “Communications”) relating to your Primux Wealth Account or your use of Primux Wealth’s services will be provided to you electronically by posting them on the Primux Wealth Site, emailing them to the email address you have provided to us, or through any other form of electronic communication. You consent to receiving all Communications electronically;
•you will at all times have available to you the necessary hardware and software to receive, access and retain Communications sent to you electronically, including a device with an internet connection and a valid and accessible email address;
•you assume full responsibility for providing Primux Wealth with a valid and accessible email address to which any Communications may be sent, and for ensuring that email address and any other contact information is kept up to date. Any Communication sent to the email address you have provided to us will be deemed to have been received by you. You can amend your contact information by signing-in to your Primux Wealth Account and accessing the Settings page.
•You may at any time withdraw your consent to receiving Communications electronically by contacting Primux Wealth Support team.You acknowledge that failure to give, or withdrawing, consent to receiving Communications electronically puts the security of your Primux Wealth Account at risk (see Account Security) and that Primux Wealth reserves the right to close your Primux Wealth Account in the event you fail to give, or withdraw, your consent to the receipt of Communications electronically.
*IDENTITY VERIFICATION
Primux Wealth implements and maintains the highest standards of Know Your Customer (“KYC”) processes and controls as part of our commitment to combating fraud and assisting in the prevention of money laundering and terrorist financing. While our industry is largely unregulated, Primux Wealth voluntarily adheres to local and international compliance standards in relation to customer due diligence.
To ensure we meet these standards, our customers are required to provide certain personal details and documents when opening a Primux Wealth Account (“Identity Verification”). The nature and extent of the Identity Verification required will depend upon which of our supported countries you are resident in, and the deposit and withdrawal limits that you wish to apply to your Primux Wealth Account. In certain circumstances, Primux Wealth may also perform enhanced due diligence (“EDD”) procedures in relation to your Primux Wealth Account. You accept and agree that you will remain subject to such procedures at all times.
Primux Wealth reserves the right to, at any time:
•restrict or suspend your Primux Wealth Account when we, in our sole discretion, consider it necessary to carry out further Identity Verification and/or EDD; or
•terminate your Primux Wealth Account if you provide, or we suspect you have provided, false information or refuse to provide information we require for Identity Verification and/or EDD.
•You accept and agree that there may be delays in accessing your Primux Wealth Account, or in carrying out transactions through your Primux Wealth Account, while we undertake any Identity Verification and/or EDD procedures.
•Retention of information. Primux Wealth is required to retain certain information and documentation obtained as part of the Identity Verification and EDD procedures. These requirements apply even when you have terminated your relationship with Primux Wealth. We reserve the right to keep such information and documentation for the required period and you accept and agree that information and documentation you provide to Primux Wealth may be retained by us, including following the closure of your Primux Wealth Account.
*CHARGES
•Bitcoin transactions has COT rights on wired transfers.
•Transaction charges must be made independently as funds are stored in foreign accounts.
*ACCOUNT LIMITS
•There are different account levels, with deposit and withdrawal limits that apply to each level take note because anything other than this will call for the indefinite locking of account in compliance to the AML policy( anti money laundering policy) and additional custom fees.
•Level 1
•Limit
$50-$4600
•Requirements
~sumbit a recent selfie.
•Level 2
•Limit
$250-$6600
•Requirements
~Submit photo/scan of government-issued ID.
•Level 3
•Limit
$500-$9600
•Requirements
~Submit proof of residential address.
•Level 4 (GOLD LEVEL)
•Limit
$9600-$100,000.00
•Requirements
~Submit your international passport.
For all user related issues, contact our social media support systems available to you or mail info@primuxwealth.com