Effective Date: 01 April, 2021
Last Updated: 09 Nov, 2025
By registering on the Coinlocally platform or using any of its services, you agree to be bound by these Terms of Use and all applicable laws and regulations. If you do not agree with any part of these terms, you must not use our services.
You must be at least 18 years old and capable of entering into a legally binding contract to use Coinlocally. By using our platform, you represent and warrant that you meet these requirements.
Coinlocally supports a tiered verification system:
Tier 1 (No KYC Required):
Users may withdraw up to 10,000 USDT per day without completing KYC procedures. Coinlocally reserves the right to request verification at any time, including for Tier 1 users, if suspicious or flagged activity is detected.
Tier 2 (KYC Verified):
Users who complete identity verification (ID, proof of address, and biometric verification if needed) may gain access to increased withdrawal limits and additional services.
Coinlocally is fully committed to compliance with the guidelines of the Financial Action Task Force (FATF) and other global regulatory standards. We strictly prohibit the use of our platform by individuals, institutions, or entities located in or associated with FATF high-risk jurisdictions or sanctioned countries (including but not limited to North Korea, Iran, Syria, and others as defined by OFAC, UN, or EU lists).Users are not permitted to conduct transactions involving wallets, exchanges, or counterparties that are associated with embargoed regions or individuals/entities flagged under international sanctions. Coinlocally performs automated screening and reserves the right to freeze or terminate accounts that violate these restrictions.
Users agree to:
Provide accurate and updated account information
Use the platform only for lawful activities
Avoid engaging in fraud, market manipulation, wash trading, or any form of abuse
Assume full responsibility for the security of their account and private keys
Users are prohibited from engaging in any activities that manipulate or attempt to manipulate the market, including, but not limited to, timing transactions around the release of funding rates, market data, or other material information. The Exchange reserves the right, at its sole discretion, to determine whether any activity constitutes market manipulation or insider trading. In such cases, the Exchange may take corrective actions, including but not limited to the forfeiture of assets, reversal of trades, and confiscation of any profits or gains derived from such activities.
Coinlocally reserves the right to suspend, restrict, or permanently close any account:
Suspected of breaching these Terms
Associated with suspicious or high-risk behavior
In response to legal/regulatory orders or compliance obligations, Users will be notified via email in such cases, and appeal mechanisms may be available depending on the violation.
All content, logos, and code on the Coinlocally platform are the intellectual property of Coinlocally or its licensors. You may not reproduce, copy, distribute, or create derivative works without prior written consent.
Coinlocally shall not be held liable for any indirect, incidental, or consequential damages resulting from:
Using the platform for illicit activities (terrorist financing, ransomware, child exploitation,etc.)
Attempting to bypass KYC/AML checks
Using VPNs or other methods to mask location from a sanctioned country- Listing, promoting,or trading assets that are scams or fraudulent in nature
Users acknowledge that cryptocurrency investments carry significant risk and agree to use the platform at their own discretion.
These Terms shall be governed by the laws of the Union of the Comoros, unless stated otherwise. Any disputes shall be resolved through arbitration or competent courts in the company's jurisdiction.
Coinlocally may update these Terms periodically. Continued use of the platform after any update constitutes your acceptance of the revised Terms.
For questions or support, contact us at:
[email protected]
