Terms and Definitions
“Account“ - is the company or personal account which has been created or is about to be opened by the User on the Stex page. The User's personal information, the records of the usage, and the transactions history (incl. deposits, withdrawals, orders) are contained.
“AML or Anti-Money Laundering“ - is a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.
“Communication“ - means any communication between the User and the Company via emails or STEX support channels to provide information, documents, notifications or any other details to get/provide the services.
“Company“ - a service provider - Data Protection Corporation and STEX Operator UAB TEXAS
“Corporate account“ - an account created on the STEX trading platform created on behalf of an entity and used for receiving and carrying out transactions to meet the entity’s needs.
“Delisting“ - is the process of removing a token from a STEX virtual trading platform.
“Deposit“ - means the User’s account replenishment with funds
“Fee“ - means the commission paid by the User to the service provider for completed trade orders and withdrawals. Trading fees are available on https://app.stex.com/pairs-specification and may be changed from time to time.
“Fiat currency“ - is the government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
“Force Majeure“ - means any loss, delay or failure is caused by fire, flood, explosion, accident, war, strike, embargo, governmental requirements, civil and military authority, Act of God, civil unrest, unavailability of the public internet, hacking or distributed DDoS attacks, inability to secure materials or labour, termination of vital agreements by third parties, the action of the other party or any other cause beyond such party’s reasonable control.
“Funds“ - mean the amount of Fiat and Virtual currency used during the execution of transactions (incl. deposits, withdrawals, orders).
“KYC or Know Your Customer“ - is a process or set of procedures designed to ascertain an identity using government-supplied identification and visual verification of likeness to the document of standing.
“KYB or “Know Your Business” - is a process or set of procedures designed to ascertain the validity of an entity using incorporation documents issued by the government in the registration country.
“Order“ - means User’s offer to Deposit, Withdrawal and/or Trade transaction into, out from or at User Account, which is technically executed by STEX
“Personal account” - is an account registered on the STEX trading platform created by a person and used only to satisfy individual needs.
“Service“ - means the variety of services provided by Data Protection Corporation under these Terms to the User.
“Software“ - an online trading platform (app.stex.com) that is used to trade in virtual cryptocurrency.
“Stex“ - a crypto trading platform that operates under the website address https://stex.com and works under Data Protection Corporation and STEX Operator UAB Stexas.
“UAB Stexas“ - means Stexas Ltd, company code 306030220 with legal office at Kalvariju str. 125, Vilnius, Republic of Lithuania and established under the laws and regulations of the Republic of Lithuania.
“Third Party“ - a service provider who acts on behalf of the Company.
“Token“ - is a digital sequence that represents a uniquely identifiable asset or right in holding within the platform.
“Trade“ - means the act of the exchange of cryptocurrencies or an equivalent of Fiat money, owned by the User, to the cryptocurrencies or an equivalent of Fiat money owned by another user to make a profit.
“User“ - is a customer of Data Protection Corporation who uses the platform www.stex.com for the purchase and exchange of cryptocurrencies, as well as trading.
“Virtual currency“ - means a value represented in the digital form, which is digitally transferable, preservable, or tradable and which natural persons or legal persons accept as a payment instrument, but that is not the legal tender of any country or funds for Article 4(25) of Directive (EU) 2015/2366 of the European Parliament and the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC, and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, pp. 35–127) or a payment transaction for points (k) and (l) of Article 3 of the same Directive.
“Withdrawal“ - means any funds transferred from the User's Account to the external third-party service provider.