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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
For questions regarding this policy, please contact our customer support team through support@useyeba.com.
Yeba reserves the right to amend these Terms and Conditions to reflect changes in regulations or platform offerings.