Mt Pelerin Group SA (“Mt Pelerin”), a company organized and existing under the laws of Switzerland with company IDE registration number CHE-188.552.084 whose registered office is located in Neuchâtel, Switzerland (Zefix link). Mt Pelerin is a financial intermediary duly affiliated with SO-FIT (so-fit.ch), a Self-Regulatory Organisation (SRO) officially recognised by Switzerland's Federal Financial Market Supervisory Authority (FINMA), with SO-FIT registration number 100647. Mt Pelerin offers services related to cryptocurrencies through the mobile application Bridge Wallet (“Bridge Wallet”, “Wallet”, “App” “Service”). The following terms and conditions define the rights and obligations of the parties in connection with the use of the Bridge Wallet and the Mt Pelerin's website (“Website”) accessible at www.mtpelerin.com.
By using and directly or indirectly interacting with Bridge Wallet or Mt Pelerin's Website, you as User (“User”, “You”) explicitly acknowledge and agree to these Terms, as amended and published on the Website and you acknowledge that you have read and understood these Terms.
These terms may be updated by Mt Pelerin at any time without any prior notice requirement. The current version of the Terms, as published on the Website, is applicable.
In order to be able to use our Services You warrant and represent that you:
You further represent, agree and warrant, that you will not violate any law, contract, third-party right or commit a tort by accessing or using the Wallet, and that you are solely responsible for your actions and/or inactions while using our Wallet. Without prejudice to the foregoing, you represent, agree and warrant, that YOU WILL NOT:
YOU INDEMNIFY AND HOLD MT PELERIN GROUP SA HARMLESS AGAINST ANY CLAIMS, DEMANDS AND DAMAGES, WHETHER DIRECT, INDIRECT, CONSEQUENTIAL OR SPECIAL, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA OR LOSS OF ASSETS, WHETHER IN AN ACTION IN CONTRACT, TORT (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) OR OTHERWISE, ORIGINATED FROM OR IN ANY WAY CONNECTED WITH INVALIDITY OR BREACH OF ANY OF THE WARRANTIES, REPRESENTATIONS AND COVENANTS OF THIS SECTION AND THE ENTIRE TERMS.
YOU UNDERSTAND THAT MT PELERIN DOES NOT HAVE ACCESS TO YOUR FUNDS, IN THE ABSENCE OF YOUR PASSWORD. AT NO POINT DOES MT PELERIN STORE THE USER'S PASSWORD, SO EVEN IF WE WANTED TO, WE CANNOT GAIN ACCESS TO THE UNENCRYPTED PRIVATE KEY.
It is your responsibility to keep your email address and phone number on file with Mt Pelerin up to date so that Mt Pelerin can communicate with. You understand and agree that you forfeit the right to plead ignorance if you do not receive an electronic Communication sent to you by Mt Pelerin, because your email address on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications.
Mt Pelerin shall endeavour, as far as possible, to keep the App and the Website accessible 7 days a week and 24 hours a day. However, access to the App and the Website may be temporarily suspended due to technical maintenance, migration or updates, or due to breakdowns or constraints in relation with the operation of the internet. Mt Pelerin is not liable for any malfunction or inability to access the App and the Website attributable to third parties, because of unsuitable equipment of the User or because of any other circumstances not attributable to Mt Pelerin.
Although Mt Pelerin intends to provide accurate and timely information on the App and the Website, the App and the Website may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. Accordingly, the User shall verify all information before relying on it, and all decisions based on information contained on the App and the Website are in the sole responsibility of the User and Mt Pelerin shall have no liability for such decisions.
Our Wallet allows Users to remit crypto assets to Bridge Wallet from external third- party service and vice versa except to certain limitations, which may be updated from time to time.
YOU INDEMNIFY AND HOLD MT PELERIN GROUP SA HARMLESS AGAINST ANY CLAIMS, DEMANDS AND DAMAGES, WHETHER DIRECT, INDIRECT, CONSEQUENTIAL OR SPECIAL, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA, WHETHER IN AN ACTION IN CONTRACT, TORT (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) OR OTHERWISE, ORIGINATED FROM OR IN ANY WAY CONNECTED WITH YOUR DEPOSIT/WITHDRAWAL TRANSACTIONS REQUESTS IN VIOLATON OF SETTLED LIMITATIONS.
For the purposes thereof the "Third-party service" shall mean any platform or network in which crypto assets belong to you or where you are the beneficial owner of crypto assets; and this platform is maintained by a third party outside of the Services; including, but not limited to third-party accounts.
Bridge Wallet ETH addresses are ERC-20 compliant, however, not all ERC-20 tokens are supported in the app. Transactions of currently unlisted tokens to Bridge Wallet addresses may appear on the blockchain, however, they will not be available on your balance in the section Assets until they are added to our list.
You agree and consent to receive electronically via your verification e-mail all Communications, that Mt Pelerin may be willing to communicate to you. For the purposes hereof “Communications” shall mean all and any communication, agreement, document, receipt, notice and disclosure, which may be from time to time addressed to User by Mt Pelerin. You may withdraw your consent to receive electronic Communications by sending a withdrawal notice to support. If this is a case you waive your right to plead ignorance.
The information on the App and on the Website does not constitute legal, financial, tax or investment advice and is not intended as a recommendation for buying, trading or selling cryptocurrencies. Mt Pelerin recommends seeking the advice of legal, tax and financial experts before starting to buy, trade or sell crypto assets. Crypto assets are volatile. Buying and Selling of crypto assets carries with it a high degree of risk. The User should be fully aware of the level of risk involved before trading. Any loss of data, crypto assets or profit is on the User's sole responsibility. Mt Pelerin will not be responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission.
There is always the possibility something unexpected happens with regard to crypto assets that causes the User's cryptocurrencies to be lost. Mt Pelerin strongly recommends to the User not to invest more than he/she is willing to lose. THE USER IS SOLELY RESPONSIBLE FOR ANY INVESTMENT DECISIONS WHICH ARE EXECUTED ON THE EXCLUSIVE INITIATIVE OF THE USER.
Mt Pelerin may publish a Guide on the App and/or on the Website about basic blockchain and cryptocurrency topics. The User can use the Guide free of charge. The information therein comes from publicly available sources and may be amended from time to time by Mt Pelerin without any prior notice requirement. Mt Pelerin does not warrant the accuracy, correctness and completeness of the information provided and will not be responsible for that.
The Guide does only include basic topics about cryptocurrencies and does not constitute legal, financial or investment advice. The Guide does not replace the advice from qualified advisors and the examination as to whether cryptocurrencies meet the User's own requirements regarding the User's own objectives, risk appetite, experience and/or knowledge.
After downloading Bridge Wallet, the User can access an existing wallet by entering the seed phrase, or create a new wallet.
Mt Pelerin does not have, at any point in time, access to the User's funds and passwords. If the User loses access to his/her device, the User expressly acknowledges and agrees that any cryptocurrency the User has associated with that Wallet will become inaccessible, unless he/she has created a backup of the Wallet by writing down the wallet's seed phrase. “Seed phrase” is a list of words which store all the information needed to recover funds on-chain. Wallet will typically generate a seed phrase and instruct the user to write it down on paper. The User expressly acknowledges and agrees that he/she is solely responsible for safekeeping the deceive and for backing up his/her seed phrase in order to be able to restore his/her crypto assets again.
Mt Pelerin does not hold the crypto assets of the User. Only the User itself can access and control its cryptocurrencies. The User can freely transfer his/her cryptocurrencies from his/her Wallet to another wallet at any time.
The balance of crypto assets displayed by the Wallet in the user interface of your application is accurate and the balance represents the current amount of crypto assets you are able to transfer or exchange.
We reserve the right to limit the scope of our Services to users. Limitation of our Services may depend on the established security level of the account, for instance and the following criteria may be considered: verification of e-mail, social network authorization etc. Please, note that restrictions, mentioned herein are for illustrative purpose only. We reserve the right to limit the scope of our Services at our sole discretion and without prior notification to you. Please note that certain services might be subject to geographical restrictions and may not be available in your country.
In case of Your breach of the Terms, or any other event as We may deem necessary, including without limitation the Force Majeure Event; maintenance work; inability of the third service provider to provide you services; your request of account cancellation; market disruption; inability to conform our requirements; lack of verification pending litigation, investigation, or government proceeding related to You or your wallet account; and/or in case we perceive a heightened risk of legal or regulatory non-compliance associated with your account activity We may, in our sole discretion and without liability to you, with or without prior notice:
The following Actions are available to be performed by User via Bridge Wallet with his/her crypto assets:
The User can place Transactions from Monday to Friday from 9am to 4pm Swiss time (the “Business hours”) and Mt Pelerin shall use best efforts to execute the transactions during the Business hours as they come, subject however to potential KYC/AML clarifications as the case may be.
For No-KYC cash-in transactions, the first purchase will be subject to a 7-days withholding period before being delivered. Subsequent purchases will be processed normally. Such a withholding period does not apply to cash-outs.
Bridge Wallet does not perform and support the cross-chain transactions, where one crypto asset is deposited to another coin's address on another network though they may have technological similarities of any kind.
Crypto assets are not refundable.
Transactions failed due to any technical issue, extreme network conditions or any other cause on the third party service's side will not be automatically rolled back to your originating address by technical and security reasons. YOUR WALLET WILL NOT BE REFUNDED IN SUCH CASES.
Under Swiss law, the exchange of fiat money into cryptocurrencies or vice versa is subject to anti-money laundering obligations. Mt Pelerin has adopted internal procedures in accordance with the Swiss Federal Act on Combating Money Laundering and Terrorist Financing and related regulations (i) to ensure that its services are not used for criminal purposes and (ii) to obtain Know Your Customer (KYC) information from the You (the “AML Requirements”).
You confirm that the funds and/or crypto assets transiting via our services are from a legitimate source which shall be further disclosed through the in-App onboarding process.
You represent and warrant that you will not be using Mt Pelerin services for any illegal activity, including without limitation illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data, the financing of terrorism, other violent activities, any prohibited market practices or engage in any behavior which is unlawful, violates this Agreement or is otherwise deemed unacceptable by the Broker in its sole discretion.
Given the risk rating of the relationship in accordance with the AML requirements or should Mt Pelerin have concerns about the information and documents or the source of funds, Mt Pelerin has the right to request additional documents and information or proof for the source of funds from You, or immediately terminates the relationship without any justification.
Should You trade above our “No KYC” levels, either above CHF 1000/day or above CHF 15'000/month or above CHF 100'000/year, You agree to go through our KYC/AML process as explained above. Should You refuse to do so, we shall have the right to block your crypto or funds transaction without any liability whatsoever for Mt Pelerin and no indemnity whatsoever for You. We shall send you back the crypto or the funds minus our administrative processing fees amounting to CHF 20.-.
When trading within “No KYC” levels, it is mandatory that You provide us with the full and complete reference as indicated in the Bridge Wallet. Failing to do so, we shall automatically send You back the funds without any liability whatsoever for Mt Pelerin and no indemnity whatsoever for You. All bank charges, without exception, will be at your expense. We further reserve our right to apply an administrative processing fee amounting to CHF 10.00.
The purchase and sale of cryptocurrencies through Bridge Wallet is final, and there are no refunds or cancellations. By placing a purchase/sale order for cryptocurrencies, the User makes a binding offer to purchase/sell the cryptocurrencies chosen by the User. In case if the User demands the refund and cancellation due to some unexpected and urgent situation, the User will receive the refund except for the fees of Mt Pelerin which were indicated at the moment of purchase/sale in the App. Refunds can take several days to be processed and received. Your bank may charge international transfer fees. Mt Pelerin is not responsible for transfer fees charged by your bank, not for the network fees of blockchain. Users must cover all the fees and cannot ask Mt Pelerin to reimburse the fees paid by the User.
It is in the sole discretion of the User whether he/she wants to continue to use the App or not.
Mt Pelerin may also terminate its services for the User at any time for any reason, at its sole discretion. Such actions may be taken if Mt Pelerin deems that the User has breached the Terms in any manner. Additionally, Mt Pelerin may at any time, at its sole discretion, cease the operation of the service or any part thereof, temporarily or permanently, without giving any prior notice. You agree and acknowledge that Mt Pelerin does not assume any responsibility nor liability with respect to, or in connection with, the termination of the services provided on the Website or with the App.
However, any termination does not affect the access of the User to his/her Wallet. The User can still freely transfer his/her cryptocurrencies from his/her Wallet to another wallet at any time, or restore the funds associated with the Wallet using the associated seed phrase.
We will endeavor to assist you in return of your assets in case of missent Transaction. However, we are not able to control or affect the performance of such return. We may not guarantee the recovery of a crypto asset to your Bridge Wallet.
You may be charged fees by the third-party service you use to remit your Bridge Wallet. Mt Pelerin is not responsible for any third-party services' fees. You are solely responsible for your use of the third-party service, and you agree to comply with all terms and conditions applicable to any third-party service.
It is the user's responsibility to decide whether any taxes apply to the Transactions you perform through Bridge Wallet, and to withhold, report and remit the relevant funds to the appropriate tax authorities. You agree that Mt Pelerin is not responsible for determining whether any taxes apply to your transfers or for collecting, reporting, withholding or remitting any taxes arising from any Transactions and does not act as your tax agent.
Mt Pelerin is the sole owner of all intellectual property rights related to the Website and the App. Any content presently displayed or made available by Mt Pelerin in the future, such as text, logos, images, music, digital downloads, and data compilations, is the property of Mt Pelerin, its affiliates or its suppliers, and is protected by Swiss and international intellectual property law. Mt Pelerin's names and logos are trademarks of Mt Pelerin. Mt Pelerin's trademarks and logos may not be used for products or services that are not respectively manufactured or offered by Mt Pelerin, or in any way that could cause confusion in the public, or in any way that disparages or discredits Mt Pelerin.
Accordingly, the User agrees not to reproduce, represent, extract and use in any way any or all of Mt Pelerin's trademarks, logos, Website or services.
YOU AGREE TO INDEMNIFY AND HOLD MT PELERIN GROUP SA HARMLESS AGAINST ANY CLAIMS, DEMANDS AND DAMAGES, WHETHER DIRECT, INDIRECT, CONSEQUENTIAL OR SPECIAL, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, LOSS OF PROFITS, LOSS OF DATA OR LOSS OF ASSETS, INCLUDING TOTAL ONE, WHETHER IN AN ACTION, IN CONTRACT, TORT (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) OR OTHERWISE, ORIGINATED FROM OR IN ANY WAY CONNECTED WITH:
The Service developed by us is provided "as is". Mt Pelerin makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Mt Pelerin does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials or otherwise relating to such materials or on any websites or apps linked to Mt Pelerin.
These Terms and the use of the Website and the App Bridge Wallet will be governed by, and construed and enforced in accordance with the laws of Switzerland without giving effect to any choice or conflict of law provision or rule. Any Dispute arising out of or relating to these Terms and the use of the Website and the App, including disputes on its conclusion, binding effect, amendment and termination, shall be resolved by the ordinary courts in Neuchâtel, Switzerland.
Should one or several provisions of these Terms be or become invalid or prove to be unenforceable, this shall not affect the validity of the other provisions.
In this case, the contracting Parties shall replace the invalid or unenforceable provision by another provision that comes closest to the economically intended purpose. The same applies in the case of a regulatory gap.
In the event of any conflict between these Terms and any other agreement you may have with Mt Pelerin, the terms of that other agreement will prevail only if these Terms are specifically identified and declared to be overridden by such other agreement.
We reserve the right to alter, amend or modify these Terms from time to time, in our sole discretion.