1. Declarations and basic information

These Terms and Conditions and any amendments and restatements hereof (the “Agreement”) form a legal agreement covering the provision of services from Onboard to you (“Transaction Partner”, “Merchant” or “User”), including offering a marketplace to enable you engage in the transaction of “Digital Assets” (such term to be broadly understood to include digital currencies such as Bitcoin, Tether, and others, supported by an Onboard Wallet) with others (the “Marketplace”).

The Agreement is a contract between you as an individual and Nestcoin Holdings Limited (“Nestcoin”, or the “Company”), a private limited liability company incorporated in the British Virgin Islands, with Registration Number 2074697, and shall apply to anyone who uses the Company’s affiliated product, Onboard.

By signing up to use an application account through onboard.xyz or any associated websites, APIs, or mobile applications, including any URLs operated by Onboard (collectively the “Onboard Website” or the “Website”), you agree that you have carefully and thoroughly read, understand, and accept all of the terms and conditions contained in this Agreement including our Privacy Policy. If you do not agree with any of the terms contained herein, kindly refrain from using the Onboard platform and Services.

Onboard reserves the right to update, revise, modify, or otherwise, reissue these terms without prior notice. The continued use of your Onboard account after any amendment to this Agreement constitutes your acceptance of the Agreement as modified by such amendment.

THE VALUE OF DIGITAL ASSETS CAN GO UP OR DOWN AND THERE CAN BE A SUBSTANTIAL RISK THAT YOU LOSE MONEY BUYING, SELLING, HOLDING, OR INVESTING IN DIGITAL ASSETS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

2. About ONBOARD and its Services

Onboard is a platform that enables peer-to-peer fiat deposits and withdrawals for crypto Users. It is a marketplace to facilitate the purchase and sale of Digital Assets. Payment methods are negotiated and exchanged on a peer-to-peer basis between the buyers and sellers in the Marketplace. The platform offers hosted digital wallet services, holding and releasing Digital Assets as instructed upon completion of a purchase of Digital Assets and any other services described in this Agreement (collectively the “Services” and individually, a “Service”). Users agree upon which payment methods to use to complete a transaction and are fully responsible and liable for using such payment methods in a lawful manner. DISCLAIMER! ONBOARD IS ONLY A MARKETPLACE PLATFORM AND DOES NOT ACT AS A PAYMENT PROCESSOR. ALL LIABILITY FOR SENDING AND RECEIVING PAYMENT AND CONFIRMING THE VALIDITY OF THE TRANSACTIONS LIE BETWEEN THE USER AND THE TRANSACTION PARTNER/MERCHANT.

You hereby accept and acknowledge that you take full responsibility for all activities that occur under your wallet and accept all risks of any authorised or unauthorised access to your wallet, to the maximum extent permitted by law.

3. Definitions

The following terms shall be understood as follows:

  1. Account – the User’s account created on its order on the basis of its personal data provided by the User and constituting a collection of data stored in Onboard’s Website and IT system concerning a given User, services providing for him, as well as the ordered, executed Transactions and concluded contracts.
  2. AML / CTF risk assessment – evaluation as to whether transactions, behaviours, or a user create risks of laundering funds originating from illegal activities or financing of terrorism; performed by Onboard also with support from external service providers; as fulfillment of the obligation set forth guidelines published by international organizations and binding provisions of law.