TokenNest Terms & Conditions
Effective Date: Feb 2025
Welcome to TokenNest, a service operated by Crypto World Trade Center Inc. ("TokenNest", "we", "our", or "us"). Please read these Terms and Conditions ("Terms") carefully. By accessing or using our services, you agree to comply with and be bound by these Terms.
1. Nature of Services
Crypto World Trade Center Inc (DBA. TokeNNest) is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M23982356 . Crypto World Trade Center Inc has a MSB license with Revenu Québec under business number 21285.
• Fiat-to-Crypto Transfer
• Crypto-to-Fiat Transfer
• Crypto-to-Crypto Exchange
These services are offered for personal and commercial transactions. We do not offer securities, derivatives, investment contracts, or collective investment schemes of any kind.
2. No Investment Services
TokenNest does not:
• Guarantee any profits or returns on assets.
• Offer pooled investments or collective funds.
• Provide financial, investment, or securities advice.
• Act as a fund manager or broker.
All users are solely responsible for understanding the nature and risks of digital assets.
3. User Eligibility
To use our services, you must:
• Be at least 18 years old.
• Not reside in any jurisdiction where our services are prohibited.
• Not use our services for unlawful activities, including money laundering, terrorist financing, or sanctions violations.
We reserve the right to refuse service at our discretion, subject to applicable law.
4. Risk Disclosure
Digital assets (cryptocurrencies) are volatile and carry risk. You may lose value. We do not provide any guarantees or warranties regarding price, liquidity, or market behavior. You should only trade assets you understand and can afford to lose.
5. Account Verification (KYC/AML)
As a regulated MSB, we conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. You must complete identity verification before using our services.
6. Custody
TokenNest does not offer custodial services. Users are responsible for securing their own wallets and private keys.
All transactions will be executed as "spot transactions" for immediate delivery to a wallet address provided by you. We will make delivery and settle transactions, and you will take such delivery and settlement, to your wallet immediately post-execution. As such, you will have ownership, possession and control of your assets immediately post-execution, which shall be immediately reflected on the applicable blockchain. Post-execution, you will be free to use, or otherwise deal with your assets without further involvement with, or in reliance on, us, our affiliates or our services. Neither us nor our affiliates take or retain any security interest or other legal right to your assets.
7. Limitation of Liability
TokenNest is not liable for:
• Loss of funds due to user error or negligence.
• Delays caused by blockchain congestion.
• Price fluctuations or market changes.
• Regulatory changes or restrictions.
Our maximum liability, if any, is limited to the service fees you have paid us in the 90 days prior to a claim.
8. Jurisdiction
These Terms are governed by the laws of the Province of British Columbia, and applicable Canadian federal law. All disputes shall be resolved in the courts of British Columbia.
9. Modifications
We reserve the right to modify these Terms at any time. Updated versions will be posted on our website. Continued use of the service after changes implies acceptance of the revised Terms.