These Terms of Service (“Terms”) shall govern your access to and use of the digital assets conversion services offered by Legend Trading (the “Services”). Please read these Terms of Services carefully.
BY REGISTERING AN ACCOUNT WITH LEGEND TRADING OR BY ACCESSING OR USING THE SERVICES, YOU ARE BECOMING A DIRECT CUSTOMER OF LEGEND TRADING AND YOU AGREE TO BE LEGALLY BOUND TO THE TERMS AND CONDITIONS CONTAINED IN THESE TERMS OF SERVICE IN THEIR ENTIRETY, INCLUDING ALL TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ANY OF THESE TERMS AND CONDITIONS DO NOT USE THE SERVICES.
RISK ACCEPTANCE
You understand and accept the following risks when using Legend Trading’s Cryptocurrency exchange services:
- Cryptocurrency trading carries a high risk of loss and may not be suitable for all users. Prices can fluctuate sharply and may fall to zero.
- Transactions require blockchain confirmation and are not complete until confirmed. Delays beyond Legend Trading’s control may occur.
- Cryptocurrency transactions are irreversible. If sent to a wrong or fraudulent address you provided, losses are your responsibility.
- You are solely responsible for securing your account and wallet credentials against unauthorized access.
- Legend Trading does not provide investment, tax, or legal advice. You must assess the suitability of any transaction yourself.
- You are responsible for any tax obligations arising from Cryptocurrency transactions.
- Cryptocurrencies are not legal tender and are not protected by government-backed insurance or guarantees.
- GENERAL USE
1.1 Scope of Services
These Terms of Services apply to your access to and use of the Services which may include buying and/or selling supported cryptocurrencies using Legend Trading’s products and features made available to you from time to time.
1.2 Eligibility and Authorized User
To use the Services, you must be an individual at least 18 years of age, have the legal capacity to enter into these Terms and reside in a country or state which is not otherwise restricted. You may also need to have an account in good standing with a Third Party Platform (where applicable) and/or another authorized partners (where applicable). Additionally, some of our Services are available only to users who have been authorized by us to access those Services. Such authorization may require, among other things, satisfactory background information screening and/or additional verifications.
1.3 Identity Verification
In connection with your onboarding and use of the Services, you agree to provide us and/or our authorized partners with the information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crimes and permit us to keep a record of such information. You will need to complete certain verification procedures before you are permitted to use the Services. Your access to one or more Services and the limits that apply to your use of the Services, may be altered as a result of information collected about you on an ongoing basis. The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, e-mail address, date of birth, taxpayer identification number, a government identification, and information regarding your bank account (such as the name of the bank, the account type, routing number, and account number) and in some cases (where permitted by law), special categories of personal data, such as your biometric information. In providing us with this or any other information that may be required, you confirm that the information is accurate and authentic. You agree to keep us updated if any of the information you provide changes. You authorize us and/or our authorized partners to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. This is an identity check only and should have no adverse effect on your credit rating.
1.4 Unauthorized Use
Any unauthorized use of the Services, including but not limited to any attempt to interfere with, disrupt, or compromise the integrity, security, or availability of the Services or the underlying systems, is strictly prohibited. You must not misuse the Services, including by attempting to circumvent security measures, access backend systems without authorization, or use automated tools to extract data or information. We reserve the right to suspend or terminate your access to the Services without prior notice if we suspect that your account is being used in an unauthorized, abusive, or fraudulent manner. You agree not to engage in any activities that are contrary to these Terms of Services and/or any applicable laws or regulations.
1.5 Non-supported countries and regions
Legend Trading does not provide Services to customers in certain countries and/or regions. If you are a resident in an unsupported country and/or US region, Legend Trading reserves the right to decline, suspend or terminate your Services in the event that your country or region becomes unsupported without notice to you.
1.6 Electronic communications
You understand and agree that notices and communications relating to the Services may be delivered through the App (for the purpose of these Terms, the “App” refers to the Stella Pay mobile application, including any software, updates, interfaces, and tools provided through Android, iOS, or other platforms, including their updates and versions (where applicable), through which you may access to and use the App Services), by email sent to the email address you have registered with us/App, or through other means as we may reasonably determine. You agree to keep your contact information, including your email address, accurate and up-to-date, and to promptly notify us at support@legendtrading.com if any changes occur. Any notice or communication sent to your registered email address shall be deemed duly delivered and received.
1.7 Prohibited and Restricted activities
You must not use the Services for any of activities which are prohibited or restricted by Legend Trading, as set out herein, and/or by the App.
Use of the Services for any dealings, engagement, or sale of goods and/or services linked directly or indirectly with jurisdictions/persons Legend Trading has deemed high risk is prohibited.
You must not use the Services for the following activities:
Illegal products and services
- Illegal drugs, substances designed to mimic illegal drugs, and equipment designed for making or using drugs
- Any business or organization that (a) engages in, encourages, promotes or celebrates unlawful violence or physical harm to persons or property, or (b) engages in, encourages, promotes or celebrates unlawful violence toward any group based on race, religion, disability, gender, sexual orientation, national origin, or any other immutable characteristic
- Any other products or services that are in violation of law in the jurisdictions where your business is located or targeted to
Products and services that infringe intellectual property rights
- Sales or distribution of music, movies, software, or any other licensed materials without appropriate authorization
- Counterfeit goods; illegally imported or exported products
- Unauthorized sale of brand name or designer products or services
- Any other products or services that directly infringe or facilitate infringement upon the trademark, patent, copyright, trade secrets, proprietary or privacy rights of any third party
Products and services that are unfair, predatory, or deceptive
- Pyramid schemes
- ‘Get rich quick’ schemes including: investment opportunities or other services that promise high rewards to mislead consumers; schemes that claim to offer high rewards for very little effort or up front work; sites that promise fast and easy money; businesses that make outrageous claims to offer high rewards for very little effort or up front work; sites that promise fast and easy money; businesses that make outrageous claims, use deceptive testimonials, use high-pressure upselling, and/or use fake testimonials; (with or without a written contract) offering unrealistic incentives/rewards as an inducement to purchase products or services but do not respond to any queries after the purchase
- No value-added services including sale or resale of a service without added benefit to the buyer and resale of government offerings without authorization or added value
- Sales of online traffic or engagement
- Negative response marketing and telemarketing
- Predatory mortgage consulting, lending, credit repair and counseling services
- Predatory investment opportunities with no or low money down
- Remote technical support; mugshot publication or pay-to-remove sites; essay mills; chain letters; door-to-door sales
- Any other businesses that Legend Trading considers unfair, deceptive, or predatory towards consumers
Adult content and services
- Pornography and other mature audience content depicting nudity or explicit sexual acts
- Adult services including prostitution, escorts, pay-per view, sexual massages, and adult live chat features
- Gentleman’s clubs, topless bars, and strip clubs
Certain legal services
- Law firms collecting funds for purposes other than legal service fee payment
- Bankruptcy attorneys
- Bail bonds
Firearms, explosives and dangerous materials
- Guns, gunpowders, ammunitions, weapons, fireworks and other explosives
- Peptides, research chemicals, and other toxic, flammable and radioactive materials
Gambling
- Games of chance including gambling, internet gambling, sweepstakes and contests, fantasy sports leagues with for a monetary or material prize
- Sports forecasting or odds making with a monetary or material prize
- Lotteries
- Bidding fee auctions
Marijuana
- Cannabis products
- Cannabis dispensaries and related businesses
- Products containing any amount of CBD or THC
Misuse of Legend Trading products and services
- Use of Legend Trading products and services with false, manipulated, inaccurate, or misleading information regarding your identity, source of wealth/funds, business entity, the nature of business, and any other information requested by Legend Trading (you must inform us immediately of any changes to your personal and business information)
- Use of Legend Trading products and services to facilitate transactions on behalf of another
- Use of Legend Trading intellectual property without prior written consent from Legend Trading
- Use of the Legend name or logo in a manner that otherwise harms Legend Trading or the Legend Trading brand
- Any action that implies an untrue endorsement by or affiliation with Legend Trading
We reserve the right to suspend, restrict, or terminate your access to the Services without prior notice if we or any of our authorized partners reasonably suspect that your account is being used in connection with any prohibited or restricted activities described in these Terms of Service. Such measures may be taken to protect the integrity, security, and lawful operation of the Services.
- PERSONAL DATA AND DATA SECURITY
2.1 You acknowledge and agree that we may collect, use, and process your personal data in connection with these Terms and the Services, in accordance with our Privacy Policy (available at https://legendtrading.com/policy), as updated from time to time.
2.2 Where you provide us with personal data relating to any third party (such as an authorized representative), you represent and warrant that: (i) you have obtained all necessary consents to disclose such personal data to us in compliance with applicable data protection laws; (ii) the personal data provided is accurate, up-to-date, and relevant at the time of disclosure; and (iii) you have informed the relevant individuals about our Privacy Policy and any updates thereto.
- DISCLAIMER OF WARRANTY AND LIMITATION OF LIABILITY
3.1 Disclaimer of Warranties
The information, products, and services provided to you through the App and/or in connection with the Services are provided on a strictly “as is,” “where is,” and “where available” basis. Legend Trading does not provide any warranties, whether express or implied, with respect to the Services or your use of them for any particular purpose. Legend Trading expressly disclaims all implied warranties, including but not limited to warranties of title, non-infringement, merchantability, or fitness for a particular purpose.
Legend Trading is not responsible for any loss or damage that may result from interception by third parties of any information or services made available through the Services. Although the information provided is obtained from sources believed to be reliable, Legend Trading does not guarantee the accuracy, validity, timeliness, or completeness of any such information or data.
Neither Legend Trading nor any of its affiliates, directors, officers, employees, or third-party providers of content, software, or technology (collectively, the “Legend Parties”) shall be liable for any loss or damage arising from any failure or interruption of the Services, or from any act or omission of any other party involved in providing the Services, or from any cause relating to your access to, inability to access, or use of the Services, whether or not the circumstances giving rise to such cause were within the control of Legend Trading or any vendor.
3.2 Limitation of Liability
To the fullest extent permitted by applicable law, in no event shall Legend Trading or any of the Legend Parties be liable to you for any direct, special, indirect, consequential, incidental, or punitive damages, or any other damages of any kind, whether based in contract, tort (including negligence), strict liability, or otherwise, arising out of or in connection with your access to, use of, or inability to use the Services, even if Legend Trading has been advised of the possibility of such damages.
This limitation includes, but is not limited to, damages resulting from the transmission of any viruses that may infect your equipment, failure of mechanical or electronic equipment or communication lines, telephone or other connectivity problems (e.g., inability to access your internet service provider), unauthorized access, theft, operator errors, strikes, labor disputes, or any force majeure event. Legend Trading does not guarantee continuous, uninterrupted, or secure access to the Services.
- INTELLECTUAL PROPERTY
4.1 All intellectual property rights in and to the Services, and all content, data, technology, software, algorithms, trademarks, logos, and other materials provided by Legend Trading in connection with the Services (collectively, the “Legend Materials”) are and shall remain the exclusive property of Legend Trading or its licensors.
4.2 You are granted a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Legend Materials solely for your use of the Services in accordance with these Terms. No other rights are granted to you.
4.3 You may not reproduce, modify, distribute, transmit, display, perform, publish, license, create derivative works from, reverse engineer, disassemble, decompile, or otherwise exploit the Legend Materials, in whole or in part, without Legend Trading’s prior written consent.
4.4 Nothing in these Terms grants you any rights to use any trademarks, logos, or other brand features of Legend Trading without express prior written permission.
4.5 You acknowledge that your access to and use of the Services through a third-party application or platform does not transfer to you any ownership or other rights in the Legend Materials, the Services, or any underlying technology used by Legend Trading.
4.6 All rights not expressly granted herein are reserved by Legend Trading.
- INFORMATION HANDLING, CONDITIONAL USE, CONTENT
5.1 User Submitted Information
You are solely responsible for all information and documentation you provide to us in connection with your use of the Services. You represent and warrant that all such information and documentation is true, accurate, complete, and up to date.
5.2 Use of Links
The Services may reference or connect to third-party services solely for your convenience. We are not responsible for any content, products, or services provided by any third party, nor do we endorse or guarantee the offerings of any third party.
5.3 Third Party Content
The Services may make third-party content available from time to time. We do not control, monitor, or guarantee the accuracy, completeness, or legality of any such content, and you access and use any third-party content at your own risk.
- CRYPTOCURRENCY TRADING AND OTHER CRYPTO TRANSACTIONS
6.1 You may place orders to trade supported cryptocurrencies (“Cryptocurrencies”) through the App. Legend Trading, in its sole discretion, determines which Cryptocurrencies are supported and may add, suspend, or remove any Cryptocurrency at any time, for any reason, including but not limited to changes in characteristics of the Cryptocurrency, regulatory considerations, or risk factors.
6.2 Cryptocurrency transactions may be processed by Legend Trading directly, by an affiliated entity, or by an authorized partner.
6.3 Orders placed through the App will be executed by Legend Trading or its authorized partner based on your instructions. Cryptocurrency trades are settled at the prevailing market price at the time your order is executed. You acknowledge and agree that the executed price may differ from the indicative price displayed to you at the time you submit your order.
6.4 All Cryptocurrency transactions are subject to applicable fees, which are disclosed to you during the purchase flow on the App. Legend Trading’s fee schedule may be updated from time to time at Legend Trading’s sole discretion. You are responsible for reviewing the applicable fees prior to placing an order. Placement of an order constitutes your acceptance of the fees in effect at that time.
6.5 The acceptance of your order by Legend Trading does not guarantee the fulfillment of the corresponding Cryptocurrency purchase. Completion of a Cryptocurrency purchase is conditional upon the receipt by Legend Trading or its authorized partner of the necessary funds from your designated funding source.
6.6 You acknowledge and agree that your order may be cancelled, wholly or partially, under certain circumstances, including but not limited to:
(i) if placed during a scheduled or unscheduled downtime;
(ii) if the order violates these Terms;
(iii) if there are significant changes in the market price from the time the order was placed; or
(iv) if the order is otherwise deemed non-executable.
6.7 Cryptocurrency transactions submitted to a blockchain network are subject to confirmation by the network. Pending transactions will not be credited to your designated wallet/bank account until sufficient confirmations have been received.
6.8 You represent and warrant that all funds used in connection with any Cryptocurrency transactions belong to you, are derived from legitimate sources, and are not the proceeds of any criminal or fraudulent activity.
6.9 Upon successful execution and confirmation, Cryptocurrency purchases will be delivered to the wallet address/bank account you have designated at the time of order placement. The wallet/bank account must be controlled by you. Third-party settlements are not permitted. Legend Trading reserves the right to request evidence demonstrating your control of the designated wallet address/bank account, and any mismatch may result in delay, suspension, or cancellation of your order.
6.10 Legend Trading does not provide Cryptocurrency custody services. Any Cryptocurrency received by Legend Trading is solely for the purpose of executing your trades. Any Cryptocurrency credited to Legend Trading on your behalf will be promptly delivered to your designated wallet address. If you fail to complete a trade within a reasonable time or fail to meet Legend Trading’s verification requirements, any funds or Cryptocurrency received will be returned to you in accordance with applicable procedures.
- PURCHASE OF CRYPTOCURRENCY USING FIAT CURRENCY
7.1 When you purchase Cryptocurrency using your local fiat currency, you agree to pay the designated amount using a supported payment method immediately upon placing your order.
7.2 Fiat payments may be processed by Legend Trading, an affiliate of Legend Trading, or an authorized partner.
7.3 No third-party payments are permitted. The funding account must be held in your name, and any mismatch between the funding source and your registered information may result in delays, rejection, or cancellation of your transaction.
7.4 You represent and warrant that you will use only your own funds for any Cryptocurrency transactions, that the fiat currency used is legally owned by you, and that it is not derived from any criminal or fraudulent activity.
7.5 Legend Trading does not provide fiat custody services and is not a depository institution. Any fiat currency received is solely for the purpose of executing your corresponding Cryptocurrency transaction.
7.6 Upon receipt of your fiat funds, Legend Trading will execute your order using your available balance. Access to services remains subject to applicable AML/KYC and verification requirements. You may be required to provide additional information or documentation before a transaction can be completed.
7.7 If you fail to execute a trade within a reasonable period as determined at Legend Trading’s discretion, Legend Trading reserves the right to return the fiat funds to your original payment source or convert them into Cryptocurrency at the prevailing market rate without further notice.
- CANCELLATIONS AND REFUNDS
8.1 Once an order to buy or sell Cryptocurrency has been made it cannot be cancelled or recalled.
8.2 All orders are final and cannot be refunded once the Cryptocurrency has been sent to the Cryptocurrency wallet indicated at the time of purchase (buy order).
8.3 Once an order has been sent to the Cryptocurrency wallet indicated at the time of purchase it cannot be recalled or retrieved under any circumstances. You hereby agree that upon delivery, you will not be entitled to any credit or refund and all purchases are final. Legend Trading’s obligations towards you will be absolutely discharged upon delivery and you shall have no claim or right against Legend Trading upon such delivery.
- TRANSACTION CONFIRMATIONS, ERRORS AND FRAUDULENT TRANSACTIONS
9.1 You are solely responsible for reviewing your order confirmations and monitoring your account transaction history for any errors, unauthorized transactions, or suspicious activities.
9.2 You must promptly report any transaction errors, unauthorized transactions, or suspicious activities to us by contacting support@legendtrading.com. Failure to report within twenty-four (24) hours from when the confirmation was sent may result in the waiver of your right to dispute the transaction.
9.3 For Cryptocurrency transactions, you expressly waive any right to dispute a transaction unless you notify us of any objections within twenty-four (24) hours of the transaction confirmation. For fiat transactions, your recovery rights are governed by the applicable consumer liability policies of our payment providers and/or authorized partners, and may depend on how promptly you notify us.
9.4 If you have not received an order confirmation or cancellation notice within twenty-four (24) hours of placing your order, you must promptly contact support@legendtrading.com.
9.5 In the event of a fraudulent transaction from your account, you agree to report the incident to the relevant authorities and cooperate fully with any investigation. You further authorize Legend Trading to disclose relevant account information to law enforcement agencies as necessary.
- SUSPENSION, TERMINATION AND CANCELLATION
10.1 Suspension or Termination Triggers
Legend Trading may, in its sole discretion, refuse to complete, block, cancel, suspend, restrict, or terminate your access to any part of the Services, or deactivate your account immediately, under any of the following circumstances:
- To comply with applicable laws, regulations, court orders, or requests from regulatory or governmental authorities;
- If we reasonably suspect any breach of these Terms by you;
- If we detect or reasonably suspect fraudulent activity, unauthorized use, security concerns, money laundering, terrorist financing, or other financial crime associated with your account or transactions;
- If a transaction appears erroneous, including where the order price materially deviates from prevailing market conditions;
- If you fail to provide, upon request, required information or documentation necessary for identity verification, source of funds verification, or compliance with anti-money laundering obligations;
- If your account or activity is subject to pending litigation, regulatory investigation, or presents heightened legal or regulatory risk;
- If we reasonably believe your actions, including the creation of multiple accounts or misuse of promotions, attempt to circumvent our operational controls;
- If a Cryptocurrency purchase or funding transaction is of an unusually large size or presents operational or compliance concerns;
- To protect the security or integrity of your account, including suspected loss, theft, or unauthorized disclosure of account credentials;
- To protect the reputation of Legend Trading or its partners.
10.2 Notice of Suspension or Termination
Where practicable, Legend Trading will endeavor to inform you of the action taken, unless doing so would be unlawful, contravene the instruction of any authority, or compromise our security protocols.
10.3 No Liability
Legend Trading shall not be liable for any losses or damages you may incur as a result of any reasonable action taken under this Section 10.
10.4 Reinstatement
If the grounds for suspension or restriction are resolved to our satisfaction, Legend Trading may, at its discretion, reinstate your access to the Services.
10.5 Termination with Notice
Legend Trading may also suspend, restrict, or terminate your access to the Services or close your account for any other reason by providing reasonable notice to you.
10.6 Confidential Risk Criteria
You acknowledge and agree that certain actions taken by Legend Trading may be based on confidential internal risk management and security protocols, and Legend Trading is under no obligation to disclose the details of such protocols to you.
- DOWNTIME
11.1 Service Availability
Legend Trading will use commercially reasonable efforts to provide the Services in a reliable and secure manner. However, you acknowledge that interruptions, delays, errors, or other disruptions (“Downtime”) may occur from time to time, including due to factors beyond our control or as a result of scheduled maintenance or unforeseen technical issues.
11.2 Disclaimer on Downtime
You understand and agree that access to the Services may be partially or fully unavailable during periods of Downtime. Legend Trading and its authorized partners shall not be liable for any inconvenience, loss, or damages you may suffer as a result of any Downtime.
11.3 Price Fluctuation Risk
You further acknowledge that the prevailing market price of any Cryptocurrency may materially change during or following a period of Downtime, and you accept all risks associated with such market volatility.
- GOVERNING LAW AND DISPUTE RESOLUTION
12.1 Governing Law
The terms and conditions of these Terms, and any dispute or claim arising out of or in connection with it, shall be governed by the laws of the jurisdiction where the relevant Legend Trading entity providing the Services to you is incorporated, unless otherwise specified by Legend Trading.
12.2 Dispute Resolution
Any dispute, controversy, or claim arising out of or relating to these Terms, including the validity, interpretation, breach, or termination thereof, shall be resolved by arbitration, litigation, or other means as determined by the applicable governing law and dispute resolution forum associated with the relevant Legend Trading entity. Legend Trading reserves the right to designate the appropriate forum in its discretion.
12.3 Fallback Provision
If the applicable governing law and forum cannot be determined under the above rules, these Terms shall be governed by the laws of Hong Kong. Any dispute shall be submitted to the exclusive jurisdiction of the courts of Hong Kong.
- GENERAL PROVISIONS
13.1 Entire agreement
These Terms form the complete agreement between you and Legend Trading regarding the Services. Your use of the App may also be subject to additional agreements. In case of any conflict, these Terms will govern your use of the Services provided by Legend Trading.
13.2 Assignment
You may not assign or transfer any of your rights or obligations under these Terms without Legend Trading’s prior written approval. In the event that Legend Trading is acquired by or merged with a third party, we reserve the right to transfer or assign these Terms and any information we have collected from you as part of such merger, acquisition, sale, or other change of control.
13.3 Severability
If any provision of these Terms, as amended from time to time, is determined to be illegal, invalid or unenforceable, in whole or in part, under any law, such provision shall be deemed not to form part of these Terms. The legality, validity and enforceability of the remaining provisions of these Terms shall not be affected and will continue in full force and effect.
13.4 Surviving provisions
All provisions of these Terms that by their nature extend beyond the expiry or termination of these Terms, including but not limited to, sections relating to the suspension or termination of Services and account, dispute resolution, these General Provisions, shall survive the termination.
13.5 Force Majeure events
Legend Trading shall not be liable for any delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control.