Terms of Use

Welcome to the Yeba Cryptocurrency Trading App. These Terms and Conditions outline the terms of use for Yeba’s services, especially in relation to cryptocurrency trading, wallet management, and associated features. Please read these terms carefully as they constitute a binding agreement between you (the user) and Yeba Technologies. By accessing or using the Yeba platform, you agree to comply with these terms.

1. Acknowledgment of Cryptocurrency Risks

Understand the Risks Before You Start

Cryptocurrency trading and investment involve high risks, including market volatility, potential loss of funds, and regulatory uncertainties. Prices of crypto assets are highly unpredictable and may fluctuate drastically within a short period. Users must understand that trading or holding cryptocurrencies may result in loss. Yeba Technologies does not provide guarantees or assurances about the performance or stability of cryptocurrencies.

2. Setting Up Your Cryptocurrency Wallet

How to Establish Your Yeba Wallet

To access Yeba’s services, you must first establish a secure wallet by completing our registration Know Your Customer (KYC), Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and identity verification processes. This digital wallet serves as the primary location to hold and manage your cryptocurrency assets. You are responsible for maintaining the confidentiality of your account credentials, and any actions carried out through your wallet are solely your responsibility.

3. Key Wallet Features

Available Wallet Capabilities

The Yeba wallet allows users to store, buy, sell, send, receive, and convert supported cryptocurrencies. It also offers features for transaction history, scheduling recurring transactions, and setting transaction limits. Additional features may be added to enhance functionality, and users will be notified of such updates.

4. Supported Digital Assets

Available Cryptocurrencies on Yeba

The Yeba platform currently supports a variety of crypto assets. Our supported currencies list may evolve based on legal, regulatory, or technical considerations. We do not guarantee support for all cryptocurrencies, and we may add or remove supported assets at our discretion.

5. Storing Digital Assets in Your Yeba Wallet

Holding Your Assets

Yeba’s wallet allows for the storage of supported cryptocurrencies, but note that holding assets in the wallet does not earn interest. Yeba retains the right to implement new policies or fees related to asset holding, which will be clearly communicated to users.

6. Purchasing Crypto Assets

Buying Cryptocurrency Through Yeba

Users can purchase crypto assets using various methods, including bank transfers, debit cards, and credit cards. Purchase availability is subject to factors like regional regulations and the availability of payment processors. Ensure sufficient funds are available for purchases, as any unsuccessful transactions due to insufficient payment may be subject to additional fees or delays.

7. Scheduling Recurring Crypto Purchases

Automate Your Cryptocurrency Buys

Users may set up recurring buys of selected cryptocurrencies, specifying the frequency and quantity of purchases. It is the user’s responsibility to ensure there are sufficient funds in their account for recurring transactions. Yeba reserves the right to modify, suspend, or cancel any recurring buy feature at its discretion.

8. Insufficient Funds and Payment Issues

Actions for Inadequate Funds

If there are insufficient funds for a scheduled purchase, Yeba reserves the right to suspend, retry, or cancel the transaction. Repeated failures due to inadequate funds may impact the user’s ability to engage in future transactions and may incur additional fees.

9. Selling Cryptocurrency on the Yeba Platform

Selling Your Digital Assets

The Yeba platform supports the sale of various cryptocurrencies. Sales are subject to real-time pricing at the moment of transaction and are irreversible once confirmed. Sales may incur additional transaction fees, which will be disclosed before the completion of each sale.

10. Asset Conversion Features

Swapping Between Crypto Assets

Users can convert one supported cryptocurrency into another at prevailing exchange rates. The availability of specific conversion pairs depends on market liquidity, network conditions, and regulatory requirements. Conversion transactions are final once completed.

11. Selling Cryptocurrency for Transaction Payments

Using Assets for Payment Settlements

In certain cases, Yeba may enable the direct sale of assets to cover transaction costs or other obligations on the platform. Users will be notified of such an option where applicable, along with details of any fees or limitations.

12. Crypto Transfers: Internal and External

Sending Cryptocurrency within and outside of Yeba

Users can transfer cryptocurrencies within the Yeba network (internal transfers) or to supported external wallets. Transfers may be subject to verification and transaction fees, especially for external transfers, which could also experience network delays.

13. Compatible External Wallets

Supported Wallets for External Transactions

Yeba only supports transfers to verified external wallets. Users are responsible for confirming the compatibility and accuracy of external wallet details before initiating transactions. Yeba is not liable for transactions sent to unsupported or incorrect wallet addresses.

14. Receiving Digital Assets

Receiving Cryptocurrency into Your Wallet

Yeba provides users with wallet addresses for receiving supported cryptocurrencies. You are responsible for sharing the correct address when receiving funds from external sources. Any unauthorized transfers to your wallet address are not the responsibility of Yeba.

15. Fees and Pricing Details

Yeba’s Fee Structure

Fees apply for certain services, including buying, selling, and transferring cryptocurrencies. All applicable fees are transparent and will be disclosed at the time of each transaction. Yeba reserves the right to update its fee structure as it deems fit.

16. Blockchain Network Fees

Third-Party Network Fees

Cryptocurrency transactions may involve network fees charged by the blockchain. These fees are beyond Yeba’s control and may vary according to network conditions. Users will be informed of any network fees before finalizing transactions.

17. Inactive or Dormant Account Balances

Holding Fees on Dormant Accounts

Accounts inactive for an extended period of 6 months may incur holding fees as determined by Yeba. If no user-initiated transactions occur within a defined period, Yeba reserves the right to move crypto assets to a secure storage solution until account reactivation.

18. Yeba’s Rights to Service Management

Our Rights and Service Control

Yeba reserves the right to modify, suspend, or terminate features, restrict access, or enforce limitations on certain services to maintain platform integrity, ensure regulatory compliance, and protect user assets.

19. Unauthorized Transactions and Error Resolution

Liability and Support for Unauthorized Use

Yeba aims to support users in resolving unauthorized transactions or errors in respect of their wallets. Users must notify Yeba of any unauthorized transactions immediately. Yeba may investigate and offer support, but there shall be no liability to Yeba, provided that there was no error by Yeba.

20. Actions for Restricted Activities

Yeba’s Response to Restricted Activities

Yeba shall take corrective actions, including but not limited to account suspension or termination, if users engage in restricted activities, including but not limited to fraud, money laundering, or violations of legal or regulatory standards. Appropriate Law Enforcement may also be engaged.

21. Prohibited and Restricted Activities

Activities Not Permitted on Yeba

Restricted activities include illegal transactions, unethical transactions, fraudulent activities, and using the platform for unauthorized financial services. Engaging in restricted activities may result in suspension or permanent closure of your account.

22. Transaction Records and Statements

Account Statements and History

Users have access to their transaction history and account statements for record-keeping. Transaction details may also be accessible through downloadable statements, which can aid in personal record management and tax filing.

23. Transactional Limits

Limits on Transactions

Yeba applies transactional limits to ensure security and regulatory compliance. These limits may vary based on factors such as account verification level, regional restrictions, and transaction type.

24. Cryptocurrency Protocols and Network Forks

Handling Protocol Changes and Forks

Cryptocurrencies may undergo protocol changes or "forks." Yeba will assess the impact of such events and reserves the right to support or not support specific forks or tokens resulting from protocol changes.

25. No Financial or Tax Advisory Services

Non-Advisory Disclaimer

Yeba does not provide financial, investment, or tax advice. Users should seek professional consultation before making investment decisions or considering the tax implications of cryptocurrency trading.

26. Market and Educational Information

Data and Resources for Informational Purposes

Market data and educational content provided by Yeba are for informational purposes only. Yeba is not responsible for any investment decisions made based on such information.

27. Risk Disclosures and Acknowledgment

Understanding Cryptocurrency Risks

Trading in cryptocurrencies involves significant risks, including volatility and potential loss of capital. By using the platform, users acknowledge and accept the inherent risks associated with crypto trading.

28. Transaction Cancellations or Reversals

Conditions for Reversals

Once confirmed, most transactions on Yeba are irreversible. In exceptional cases, such as fraud or error, Yeba may initiate reversals at its discretion and be subject to supporting documentation.

29. Tax Responsibilities

User Responsibility for Taxes

Users are responsible for determining and paying any applicable taxes on transactions. Yeba may provide transaction statements, but users are advised to consult a tax professional for compliance with applicable tax obligations.

30. Business Account Fees

Fees for Business Crypto Services

Yeba provides special services and account features for business entities. Fees for these accounts vary based on the services used, and businesses are encouraged to review Yeba’s Business Account Terms for details.

Contact Information and Policy Updates

Getting in Touch

For questions regarding this policy, please contact our customer support team through support@useyeba.com.

Policy Modifications

Yeba reserves the right to amend these Terms and Conditions to reflect changes in regulations or platform offerings.