Please read these terms and conditions carefully before opening an account with London Cryptocurrency Exchange. (also referred to in this document as “LCCX”, “we” and “our”)
1.1 Please review these terms and conditions regularly as we may make changes from time to time. We will email you to notify you of any changes and it is your responsibility to ensure that you read the changes.
1.2 You can review our most up to date terms and conditions at any time by clicking on the link at the bottom of the website.
Instead, Bitcoin is an as-yet autonomous and largely unregulated worldwide system of currency traded between firms and individuals. Traders put their trust in a digital, decentralised and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
2.1 By registering to use the website, you are agreeing to receive all communication electronically. It is your responsibility to notify us of any changes in your contact details.
2.2 You can change your contact details at any time by logging into the website and going to the User Profile Settings section.
In order the use LCCX, you are subject to the following:
4.1 In order to open an account with, we are obliged to collect certain pieces of information in order to provide you with the service. This includes
1. Acceptable forms of proof of identity include:
2. Acceptable forms of proof of address include:
4.3 By submitting this information you are stating that all of the information is true and accurate. We reserve the right to request additional information if we are not satisfied with documents provided.
4.4 Providing false information will result in the termination of your account.
5.1 By continuing to use this website, you are acknowledging that LCCX is not liable for any losses when trading cryptocurrency. Please make yourself aware of the high risk nature of the industry.
5.2 From time to time, LCCX may provide practical advice and news of emerging trends in cryptocurrencies. Please be advised that this information is strictly speculative and does not constitute financial advice.
5.3 If you are unsure about investing in cryptocurrency, please consult a reputable independent financial advisor.
5.4 Any trends in past cryptocurrency performance is not necessarily a guide on future performance. Investment prices may fall and rise and the volatility of worldwide markets is unpredictable.
5.5 At present, there are no corrective measures in place internationally to protect the value of cryptocurrencies.
5.6 By continuing to use this website you are acknowledging that LCCX does not bear any responsibility for the hardware and software vulnerabilities. It is the responsibility of the website user to ensure that they have sufficient antivirus and browser protection in place.
6.1 LCCX is not responsible for any violation of local laws on the part of the customer. It is your responsibility to ensure that you are compliant with the local laws of your country.
6.2 All customers are responsible for abiding by local tax regulations and we recommend undertaking the advice of a tax professional if you are buying or selling cryptocurrencies.
6.3 Please also note this is a rapidly developing area and governments across the world, including the UK are currently revising cryptocurrency tax regulations.
7.1 LCCX reserves the right to terminate or suspend the service at any time. Our decision to terminate or restrict services is at our discretion and we do not guarantee that we will give prior notice or explanation.
7.2 You may terminate your account at any time that all account fees and pending trades have been settled by emailing [email protected].
7.3 If an account is inactive for a period of 6 months, we may terminate the account. We will give adequate notice before doing so, however we are not liable for any losses should you fail to respond.
7.4 Upon termination of your LCCX account, you should provide valid bank account details so that we may transfer any remaining balance. Unless your account activities are subject to investigation, the funds will be transferred as soon as possible.
7.5 In the event that you are not contactable within a 3 years and all contact methods have failed, funds will be converted into a GBP treasury account and charged a 3% fee.
7.6 We may terminate your account at any time if we suspect that you are engaged in prohibited activity including but not limited to:
Trading in insolvency or any suspected attempts at fraud, misrepresentation, and providing misleading and inaccurate information.
Involvement in any activity which involves the theft or unlawful use of a third party’s intellectual property including patents, trademarks and dealing in counterfeit items.
Accessing any material which includes images of abuse or other harmful content.
Dealing in drugs, pharmaceuticals, paraphernalia or any material which imitates the mentioned is prohibited.
Involvement in financing or participating in any activities pursuant to the UK Terrorism Act 2006.
You agree to indemnify LCCX from all liability or third party claims of action. This includes legal fees made by any third party arising from a breach of this agreement, your use of LCCX services and any breach on your part of the rights of a third party or company.
9.1 LCCX may change the fee schedule at any time and a copy of our most up to date fee schedule is available here. (Insert link to fee schedule)
9.2 In order to pay your fees, you must have a valid payment method on file at all times. In the event that your payment method fails and your account falls into arrears, you will be subject to charge penalties and we may pursue legal action to recover the owed fees including using a third party debt collecting company.
9.3 Defaulting on your LCCX account may negatively impact your credit score.
These terms and conditions are governed by the Laws of the United Kingdom. LCCX is a registered company in England and Wales, registration number 111774171.