Effective Date: March 2, 2025
1. Introduction
Welcome to Velocoin, a subsidiary business of Velo. Velocoin operates as a digital exchange platform, facilitating the buying, selling, and trading of cryptocurrencies, including Velo (VLO) and various other digital assets. By accessing or using the Velocoin platform, you agree to comply with the terms outlined in this Trade Policy.
This policy aims to create a transparent, secure, and fair environment for all users trading on the Velocoin platform. If you do not agree with these terms, you must refrain from using our services.
For more detailed information on the Velo ecosystem, we invite you to review the Velo White Paper available at the following link: Velo White Paper.
2. Scope of the Trade Policy
This Trade Policy governs your use of the trading services provided by Velocoin, including:
This policy applies to all users, including individuals, entities, and institutional users, who wish to trade digital assets on Velocoin.
3. Account Registration and Verification
To access the trading features of the Velocoin platform, you must first create an account. During the registration process, you will be required to:
Velocoin reserves the right to reject or suspend accounts that do not comply with these registration and verification requirements.
4. Account Security
You are responsible for maintaining the confidentiality and security of your account credentials, including your username, password, and any two-factor authentication (2FA) settings. You must immediately notify Velocoin if you believe that your account has been compromised or if unauthorized access to your account has occurred.
Velocoin is not liable for any loss or damage arising from the unauthorized use of your account due to failure to secure your account credentials.
5. Trading Pairs and Supported Assets
Velocoin supports a variety of digital assets for trading, including but not limited to Velo (VLO), Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT).
The trading pairs available on Velocoin are subject to change based on market conditions and user demand. Velocoin reserves the right to add, remove, or modify trading pairs at its discretion.
6. Trading Orders
Velocoin supports the following order types to enhance your trading experience:
By placing an order on the platform, you agree to abide by the terms associated with the order type, and the execution of the order is final once processed.
7. Transaction Fees
Velocoin charges fees for trades executed on the platform. The fees vary based on the type of trade (market or limit) and the trading volume.
All fees associated with deposits, withdrawals, or trading transactions are transparent and will be disclosed prior to confirming any action.
8. Deposit and Withdrawal of Assets
Velocoin allows deposits and withdrawals of supported cryptocurrencies and fiat currencies. You agree to the following terms:
Velocoin reserves the right to suspend, delay, or cancel any deposit or withdrawal at its discretion if suspicious activity is detected.
9. Risk Acknowledgment
You acknowledge and understand that trading cryptocurrencies involves significant risk. The value of digital assets can be highly volatile, and you may experience substantial gains or losses. Velocoin does not guarantee any returns or profits.
You should only trade with funds you can afford to lose and consider your own risk tolerance when trading on the platform.
10. Market Manipulation and Unlawful Activities
Velocoin has a strict policy against market manipulation and other unlawful activities. These include but are not limited to:
Any user found to be involved in such activities will have their account suspended or terminated, and Velocoin may take legal action where applicable.
11. Suspension, Termination, and Account Freeze
Velocoin reserves the right to suspend, freeze, or terminate your account if:
In the event of account termination, you will be given the opportunity to withdraw your remaining assets, subject to the applicable withdrawal policies and security procedures.
12. Dispute Resolution
If a dispute arises between you and Velocoin, you agree to first attempt to resolve the issue through our customer support team. If the issue cannot be resolved, the dispute will be subject to binding arbitration in accordance with the laws of the jurisdiction in which Velocoin operates.
13. Limitation of Liability
Velocoin is not liable for:
You agree to indemnify and hold Velocoin harmless from any claims, losses, or damages resulting from your use of the platform.
14. Changes to the Trade Policy
Velocoin reserves the right to update, amend, or modify this Trade Policy at any time. Changes will be posted on our website, and you will be notified via email or platform notification. Continued use of the platform after such updates constitutes your acceptance of the revised terms.
15. Contact Information
If you have any questions or concerns regarding this Trade Policy or any other aspects of the platform, please contact Velocoin at: