INTRODUCTION:
Thank you for using the CoinW APP. By using CoinW APP, you consent to the policies and practices of our Privacy Policy. Please read the following article carefully.
This Privacy Policy explains what data we collect, how it is used and stored, and how we share this data. You decided whether to let us use your personal date in the manner described in this policy; you may not be able to access or utilize all of our Services if you choose not to.
INFORMATION COINW COLLECTS
1. Information you provide to us at registration
When you create a CoinW Account, you provide us with personal information that includes your contact information (Email Address, name, and a password). You can also choose to add a phone number for SMS or Google Authenticator account to be used for 2FA verification for improved security.
2. Information we collect when authenticating user identity
To comply with global industry regulatory standards including Anti-Money Laundering (AML), Know-Your-Customer (KYC), and Counter Terrorist Financing (CTF), CoinW requires user accounts to undergo user identity authentication for both Personal & Enterprise-level accounts. This entails collecting formal identification.
3. Service usage information
Through your use of the CoinW platform, we also monitor and collect tracking information related to usage such as access date & time, device identification, operating system, browser type and IP address. This information may be directly obtained by CoinW or through third party services. This service usage data helps us our systems to ensure that our interface is accessible for users across all platforms and can aid during criminal investigations.
4. Transaction information
For all personal and enterprise user accounts, we collect transaction information including (but not limited to) deposit snapshots, account balances, trade history, withdrawals, order activity and distribution history. This transaction data is monitored for suspicious trading activity for user fraud protection, and legal case resolution.
WHY DOES COINW COLLECT THIS INFORMATION
1. To provide and maintain our services
We use the information collected to deliver our services and verify user identity.
We use the IP address and unique identifiers stored in your device’s cookies to help us authenticate your identity and provide our service. Given our legal obligations and system requirements, we cannot provide you with services without data like identification, contact information and transaction-related information.
2. To protect our users
We use the information collected to protect our platform, users’ accounts and archives.
We use IP addresses and cookie data to protect against automated abuse such as spam, phishing and Distributed Denial of Service (DDoS) attacks.
We analyse trading activity with the goal of detecting suspicious behavior early to prevent potential fraud and loss of funds to bad actors.
3. To comply with legal and regulatory requirements
Respect for the privacy and security of data you store with CoinW informs our approach to complying with regulations, governmental requests and user-generated inquiries. We will not disclose or provide any personal information to third party sources without review from our legal case team and/or prior consent from the user.
4. To measure site performance
We actively measure and analyse data to understand how our services are used. This review activity is conducted by our operations team to continually improve our platform’s performance and to resolve issues with the user experience. We continuously monitor our systems’ activity information and communications with users to look for and quickly fix problems.
5. To communicate with you
We use personal information collected, like an email address to interact with users directly when providing customer support on a ticket or to keep you informed on log ins, transations, and security. Without processing your personal information for confirming each communication, we will not be able to respond to your submitted requests, questions and inquiries. All direct communications are kept confidential and reviewed internally for accuracy.
6. To enforce our Terms of Use and other agreements
It is very important for us and our customers that we continually review, investigate and prevent any potentially prohibited or illegal activities that violate our Terms of Service. For the benefit of our entire user base, we carefully enforce our agreements with third parties and actively investigate violations of our posted Terms of Use. CoinW reserves the right to terminate the provision of service to any user found engaging in activities that violate our Terms of Use.
HOW DOES COINW USE YOUR DATA
CoinW uses personal data to manage, deliver, improve and provide personalized services for users. CoinW may also generate general data from any personal data we collect for our own use. We may also use this data to communicate with you about the products or services offered by CoinW and its partners. We will not share your personal data with third parties (except for partners associated with the CoinW service), unless we have your consent, or it is necessary in some cases as shown below:
(a) we consider it necessary to share in order to enforce the Terms of Service;
(b) in order to comply with government agency requirements, including regulatory agencies, law enforcement and / or judicial authorities;
(c) such third parties provide services to CoinW (such as administrative or technical services);
(d) such third parties are connected with the sale or transfer of our business or any part of it.
In addition, we have adopted international standards to prevent money laundering, terrorist financing, circumvention of trade and economic sanctions, and we will implement them when the final virtual asset terms and rules come into effect, which requires us to conduct due diligence on our customers. This may include using third-party data and service providers to cross-check your personal information with their data.
HOW DOES CoinW PROTECT USER DATA
CoinW has implemented a number of security measures to ensure that your information is not lost, abused, or altered. Our data security measures include, but are not limited to: PCI Scanning, Secured Sockets Layered encryption technology, pseudonymisation, internal data access restrictions, and strict physical access controls to buildings & files. Please note that it is impossible to guarantee 100% secure transmission of data over the Internet nor method of electronic storage. As such, we request that you understand the responsibility to independently take safety precautions to protect your own personal information. If you suspect that your personal information has been compromised, especially account and/or password information, please lock your account and contact CoinW customer service immediately.
CONTACT US
We are committed to respecting the freedoms and rights of all our CoinW users who have placed their trust in our service. If you should have any questions or concerns regarding this Privacy Policy, please refer to our FAQ and contact us on our Support Page through web or App.