The Katalyst P2P Service has the following terms and conditions.
1. Purpose of Services
The purpose of the service is to ensure that you can buy & sell crypto stablecoins conveniently. If you choose to buy any other crypto currencies with your crypto stablecoins that is your own choice.
All trades are final. If the buyer and seller agree to reverse the transaction, it must be done on a willing buyer and willing seller basis.
1.5 Risk Statement
Do note that if you were to use your crypto stablecoin to purchase any other crypto currencies you acknowledge that you may encounter financial risk.
Also crypto currency platforms are fast developing and fast evolving, that also means that some platforms may have buggy software or software designed to scam you. You acknowledge that the risk is entirely yours.
You also do accept that financial loss in crypto currencies can be permanent and irreversible.
There is often also no regulatory body that you may launch your complaints with.
2. Personal Data Protection
For the purposes of the services we need to have your NRIC / Passport & mobile phone information. Do note that the data would be encrypted using PGP / GPG technology, and only a handful of staff would have the access to view the data.
Normal staff would not have access to your personal data at all, after they have processed your order / request.
3. Identification Requirements for Follow Up Services
First time processing we would need you to provide us with your NRIC / Passport information. We would not require your NRIC / Passport information anymore. We would identify you purely by the HP number you provided during your first time service with us.
4. Government Investigation (if ever)
Do note that we intend to be completely compliant with the law, so if any government agency requests for all transaction data, including your personal data, your transaction amount and time and also your associated crypto wallet addresses, we would be providing to the government agency with or without a Court Order.
5. Rate Risk
In the case, when the rate changes too much during the exchange and we would incur a risk or loss fulfilling the contract, the contract can also be fulfilled by refunding the money / crypto that is paid to Candle Consulting Pte Ltd, where applicable.
6. External Parties
You may know parties in the telegram group who may provide you the services to buy and sell crypto currencies from. You are free to transact with anyone there only that you know that you are doing so at your own risk.
You also would not fault us if you were hurt trading with anyone in the community.