Main Contents of the Terms of Use

  1. These terms and conditions aim to define the rights, duties, and responsibilities between the company and the member regarding the use conditions and procedures of the services provided by SMASHFI LLC (hereafter referred to as "the Company") including Smashfi and all related services (hereafter referred to as "Service").
  2. When a visitor logs into the company's mobile/web page or application by clicking on 'Log in with Binance', 'Log in with OKX', or ‘Log in with any third-party service’, all investment, deposit, and withdrawal activities carried out during that login period are deemed to be based on the genuine intention of the member associated with the chosen exchange account. This method allows any user with an existing account on either of the mentioned exchanges to easily access and use Smashfi without the need for separate login credentials. Therefore, members must ensure the security of their exchange accounts. Members should be cautious of potential financial accidents or criminal damages that could arise from personal information leaks due to their negligence.
  3. Digital assets (regardless of the name, including Cryptocurrency, Virtual Currency, Digital Currency, Digital Assets, Crypto Assets, Digital Tokens, Coins, etc.) have no issuing entity. Therefore, no third party, including the Company, guarantees its value or payment. Thus, the value of digital assets can be very volatile due to laws, policies, legal interpretations, and economic environments in countries worldwide. Especially, the interpretation of legal acts related to digital asset transactions varies from country to country, so members must be aware of this inherent risk.
  4. After logging into Smashfi using their exchange account credentials, members have the capability to create e-wallets within Smashfi. However, the transfer of funds is restricted exclusively between the member's own exchange account e-wallet and the e-wallets established within Smashfi. Requests for transactions involving any other external e-wallets beyond the member's own exchange account are strictly prohibited. The service permits members to invest in digital assets and facilitates the movement of these digital assets between the member's e-wallet within Smashfi and their e-wallet on the linked exchange account. While the company offers functionalities such as the creation of e-wallets and their integration with specific approved platforms for user convenience, the ownership, rights, and responsibilities tied to the e-wallet rest entirely with the member.
  5. Members using Smashfi for digital asset investment, withdrawal, deposit, and other services provided by the company may be charged a fee.
  6. When a member utilizes Smashfi's services to transfer or receive digital assets, the transaction takes place within the exchange's ledger, as the e-wallets created by members on Smashfi are effectively sub-accounts of Smashfi's corporate account at the exchange. Consequently, the movement of digital assets is considered an internal transfer, and there is typically no fee associated with such transfers. However, the absence of fees for these internal transfers is subject to the policies of the exchange and may be subject to change. It's important to note that because these transactions occur internally within the exchange, they are not recorded on the broader blockchain network and thus aren't verifiable by digital asset users worldwide.
  7. The company strives to provide service 24/7, 365 days a year. However, this may vary in certain situations.
  8. Recently, there have been cases where digital assets are used as a means for phishing, smishing, farming, and other telecommunication financial scams. Therefore, members should be cautious about potential damages.
  9. In case of illegal activities by a member causing damage to the company, the company has the right to claim legal compensation.
  10. Digital asset transactions are conducted on exchanges located in various countries. Therefore, members should evaluate the value of the target digital assets and conduct transactions based on their own responsibility and judgment, comparing the market rates on our service with those on other exchanges at their own expense.
  11. Our company is not a telecommunications business operator. We are not responsible for, nor will we compensate or indemnify for, any damages to members caused by telecommunication service providers, member's faults, or issues on the blockchain that underlies digital assets unrelated to our company's operations.
  12. The company may conduct server maintenance at any time to ensure the stable provision of services. Members can use the digital asset investment and withdrawal services after the server maintenance has been completed. If access to the Smashfi mobile/website becomes unavailable due to urgent maintenance, the reasons for the maintenance and its progress will be notified through the Smashfi blog (https://blog.smashfi.me)
  13. Our company prohibits individuals under the age of 18 from using our services. If we discover that a minor has registered as a member, we reserve the right to revoke their membership without prior notice or consent.
  14. The company provides investment returns only on the digital assets deposited by the members. Returns are not provided for digital assets that the company does not handle.
  15. In relation to the investment services provided by the company to members, the company does not guarantee the return of the principal amount (original investment) of the digital asset. To pay investment returns on the digital assets deposited and invested by members, the company can trade these digital assets internally through our trading team or can outsource or lend them to partner companies with whom we have contracts.
  16. Our company is neither a bank nor a financial institution. As such, digital assets that members invest (or lock up) are not protected by any legal jurisdiction.

Terms of Use

Article 1 (Purpose)

These terms and conditions aim to define the rights, obligations, and responsibilities of the company and its members, as well as other necessary matters regarding the use conditions and procedures of the Smashfi (https://smashfi.me) and related services (hereafter referred to as the "Service") provided by SMASHFI LLC (hereafter referred to as the "Company").