BlockFi
Key Concerns
5Policy Analysis
These Terms of Service govern your use of the BlockFi website and mobile app, including various crypto-related services. By using the platform, you agree to these terms, which BlockFi can change at any time, with continued use signifying acceptance. The terms cover identity verification, account security, acceptable use policies, and a broad license grant for any content you submit. BlockFi operates under US and Bermuda regulations and disclaims liability for unsupported digital assets or network issues.
BlockFi can suspend or terminate user accounts at any time, in its sole discretion, and without prior notice.
Users grant BlockFi a perpetual, worldwide, royalty-free, irrevocable, transferable, sublicensable, fully paid-up right to use submitted content for a very broad range of purposes, including marketing and creating derivative works.
BlockFi reserves the right to change the Terms at any time, and continued use constitutes acceptance. No specific notification method or notice period is guaranteed, except where legally required.
BlockFi assumes no liability for unsupported digital assets, assets transferred to unsupported wallets/networks, or issues arising from blockchain network operations or Forks.
As a regulated financial service, BlockFi requires extensive identity verification and ongoing account monitoring, which may temporarily restrict access.
The document describes services related to cryptocurrency accounts and trading, but does not mention any auto-renewing subscriptions or services.
The document does not mention any free trials for its services.
The document does not specify a method for users to cancel or terminate their BlockFi Account or services.
The document does not specify when a cancellation or termination would become effective.
The document does not specify any notice period required for cancellation.
The document does not describe any recurring billing cycles (e.g., monthly, annual) for its services.
Fees are subject to change, at our sole discretion, and you understand and acknowledge that you are solely responsible for accessing the fee schedule prior to engaging in any services on our Online Platform.
The document does not mention any policy for refunds for services or digital asset transactions. It discusses risks like market volatility and forks.
The document does not mention any refund window.
The document does not mention prorated refunds.
The document does not mention refunds for renewals, as no auto-renewal is described.
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The document contains several disclaimers of liability for specific scenarios (e.g., unauthorized use, unsupported assets) but does not specify a general liability cap type or amount. The document is truncated.
WITHOUT LIMITING ANYTHING IN THE TERMS, BLOCKFI MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY FUND, ANY INVESTMENTS, SECURITIES, PARTNERSHIP INTERESTS, LOANS OR THE PERFORMANCE THEREOF. ... BlockFi makes no guarantee of functionality, security, or availability of such software and n
By using the Online Platform, you understand and acknowledge that BlockFi is not responsible for the operation of the underlying software and networks that support cryptocurrencies and that BlockFi makes no guarantee of functionality, security, or availability of such software and networks.
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