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SmashFi Privacy Policy

Updated: October 17, 2023

Smashfi (hereinafter referred to as the “Company”) respects the privacy of individual users (“User”) and is dedicated to safeguarding it in compliance with this Privacy Policy (hereinafter referred to as this “Policy”). This Policy pertains to personal data collected within the “Smashfi platform” services (“Platform”) managed by the Company.

The Company is responsible for handling the personal data supplied by a User or sourced from a User within the Application. This Policy outlines the kinds of personal data the Company might gather from a User or that a User might provide, alongside the Company’s approach to collecting, using, storing, protecting, and revealing that personal data.

This Policy will become effective on July 20, 2021. Should there be any alterations, the Company will notify users by making them publicly available on the Company’s Platform or through other means (e.g., text, e-mail, messenger, or a pop-up screen prompting acceptance upon sign-in).

Terms used in this Privacy Policy correspond with meanings established in applicable laws, regulations, and the Company's terms and conditions. Any other concerns will follow general commercial practices.

To utilize the Platform, you must be at least eighteen (18) years old or of the equivalent minimum age in your jurisdiction ("Minimum Age"). By accessing the Platform, you confirm that you meet the Minimum Age requirement. The Company may require age verification and has the right to end your access to the Platform without prior notice if misrepresentation is detected.

1. Collection of Personal Data and Methods

1.1. Types of Personal Data Collected

(a) Data Provided by Users

  • On signing up and using the Platform, data provided directly by the user, such as email and password, is collected.
  • For identity verification, when a user withdraws digital assets exceeding a set limit, mobile phone number, OTP, or passport number will be gathered.

(b) Data Sourced When Users Access the Platform

  • Various details might be collected when a user interacts with the Platform, including browser types, device data, and usage details.
  • Data like IP addresses, cookies, device specifics, timestamps, service access records, and any misuse logs may be created and collected.

(c) Data Received from Third-party Providers

  • Post-registration on the Platform, the Company may obtain certain data, like email addresses, from third-party service providers.

1.2. Data Collection Techniques

  • The Company sources user’s personal data through web pages, written documents, fax, phone calls, emails, data tools, or via partner entities.

2. Usage of Collected Data

Personal data collected serves several purposes:

  • Facilitating Company services to users.
  • Safeguarding users and services, including adherence to legal obligations and ensuring the smooth operation of the Platform.
  • Fulfilling contractual responsibilities, such as transacting in crypto assets upon user request.
  • Enhancing existing services and innovating new ones.
  • Creating statistical data regarding Platform use and catering services or advertisements based on this data.
  • Informing users about changes in the Company's policies, websites, or Platform.
  • Alerting users about promotions and associated participation opportunities.
  • Pursuing the legitimate interests of the Company, given they don’t infringe upon user rights.
  • Using personal data with the user's prior agreement.

If the data's intended use deviates from the reasons listed above, the Company will secure the user's consent.

3. Disclosing Collected Data

The Company will not share personal data unless:

  • Legally mandated.
  • Requested for investigative purposes.
  • Necessary for Company partners and service providers.
  • The user has previously agreed or has given express consent.

4. Cookies, Beacons, and Similar Tools

Cookies and web beacons may be used to collect aggregated, non-personal information. They help improve user experience and ensure better services.

5. User Rights

Users have rights concerning their data:

  • Access, corrections, erasure, and processing objections.
  • Transfer, information regarding automated decision-making, and withdrawal of consent.

6. User Responsibilities

Users must ensure their data is accurate and safeguard their credentials. Users are accountable for inaccuracies or damages stemming from their negligence.

7. Security Measures

The Company has technical and managerial safeguards, as elaborated in sections 8 and 9, to protect personal data.

8. Protection for Minors

The Company does not register or collect data from individuals below 18 years of age.

9. Technical and Managerial Safeguards

The Company has countermeasures against hacking, restricts access to personal data, and maintains a dedicated personal data protection organization.

10. Destruction of Personal Data

Personal data is destroyed once its purpose is fulfilled, but certain data might be retained as required by laws.

11. Policy Modifications

The Company can alter this Policy. Users will be informed of any changes.

12. Contact Information

For queries or updates, reach out to:

Company Name: Smashfi


13. Exclusions

This Policy doesn’t cover third-party service providers or linked sites.