Skip to main content

Terms & Conditions

CoinSwitch Crypto Aggregator Platform — CoinSwitch PRO API Trading: Terms & Conditions

These are the legal terms governing your use of the CoinSwitch PRO API. They are reproduced here verbatim from the Slate documentation for reference. The authoritative copy is the version most recently agreed to in your CoinSwitch PRO account.

1. API Terms​

These Application Programming Interface (API) License Terms and Conditions ("API Terms") shall govern the use of the API of CoinSwitch for the users of CoinSwitch PRO to undertake various trades ("Services") by Users who fulfill the Eligibility Criteria stated in the Terms of Use (the "Terms") and these API Terms. The User hereby agrees and acknowledges that upon accessing any CoinSwitch PRO API (defined hereinafter), and/or any other information, service, feature governed by terms contained herein, the User shall be bound by the Terms and these API Terms, as updated, modified, and/or replaced from time to time at the sole discretion of CoinSwitch without any prior notice to You. You are advised to review these API Terms for any such amendment, replacement or changes to the terms contained herein and any future use or access to any Services covered herein. These API Terms incorporate by reference and supplements the Terms and the Trading Policy.

Capitalized terms used but not defined herein shall have the meanings given to them in the Terms and/or the Trading Policy. In the event of a conflict between the Terms and these API Terms or the Trading Policy and these API Terms, these API Terms will prevail to the extent of the conflict.

AVAILING THE SERVICES BEING OFFERED BY COINSWITCH CONSTITUTES A LEGAL AGREEMENT BETWEEN YOU, AS THE USER OF THE PLATFORM, AND COINSWITCH, AS THE OPERATOR OF THE PLATFORM AND PROVIDER OF SERVICES. BY REGISTERING YOUR USER'S COINSWITCH API ACCOUNT WITH COINSWITCH AND BY AVAILING COINSWITCH'S SERVICES, YOU ARE HEREBY PROVIDING US YOUR EXPRESS CONSENT TO ABIDE WITH THESE API TERMS. IF YOU DO NOT AGREE WITH THESE API TERMS, PLEASE DO NOT PROCEED FURTHER TO USE / ACCESS THE SERVICES. ALSO, IN THE ABSENCE OF AN ACCEPTANCE OF THE API TERMS BY YOU, WE WILL NOT BE ABLE TO PROVIDE THE SERVICES TO YOU.

3. Definitions​

3.1 "API" means certain application program interface / software (in object code form) either owned by or licensed to CoinSwitch which could be integrated with the software or any application or tools of the User (that the User will create using any software that is not provided by CoinSwitch) that will allow Users of CoinSwitch PRO to access all data related to the trading activity on any website, applications or platform provided by CoinSwitch and/or execute trades and shall include corrections and fixes furnished by or on behalf of CoinSwitch from time to time. The term APIs shall include all the Intellectual Property Rights contained in or in relation thereto.

4. API License​

4.1 Subject to the terms of these API Terms and in accordance with, and subject to, the Terms, as updated from time to time, CoinSwitch shall make available APIs to the User on a limited, personal, non-exclusive, non-transferable and non-sublicensable basis to be installed and used in the territory of India solely for the purpose of entering into trades with other counterparties on third-party Crypto exchanges. The User is responsible for, and must provide and maintain, any interface, system, equipment or service required for receipt of data obtained through the API or for the push of User's data from the Target System (defined hereinafter) to the API.

4.2 For the purpose of using APIs, CoinSwitch hereby permits the User to use any printed and electronic documentation provided to User in connection with the API (including manuals, specifications, training materials and collateral) ("API Documentation") for the sole purpose of integrating its systems (the "Target System") with API in accordance with the API Documentation.

4.3 We will provide to you a software generated alphanumeric key-code that will permit you to use the API (the "Key"). The Key is the property of the Company and may be immediately revoked or terminated by the Company. Unless otherwise permitted under these API Terms, You shall never share or disclose the Key to any other person or party, and Key shall remain the confidential information of the Company.

4.4 The User covenants to:

  1. not reverse engineer or use other techniques to access logic, internal data structures or internal services utilized by APIs and API Documentation or otherwise translate, reverse-engineer, decompile, decrypt, disassemble, reverse assemble, reproduce, adapt, modify, create any derivative work or copy any source code or underlying ideas or algorithms of the API by any means;
  2. not distribute, disclose, publish, market, sell, provide, rent, lease, license, transfer or grant any rights in the API and API Documentation, in full or in part including no "time sharing", "interval ownership" or similar regime;
  3. not to infringe any Intellectual Property Rights of CoinSwitch, its licensors or any third party and further shall not remove, alter or obscure any identification, copyright, trademark or other proprietary notices, labels or marks on or in the API and the API Documentation, if any;
  4. not modify, adapt, incorporate into or with other platforms, websites, or create a derivative work of any part of the API or the API Documentation;
  5. not develop its application in the class production environment;
  6. take reasonable care to protect the APIs and API Documentation from infringement or damage, and to cease all use of the APIs and API Documentation immediately upon termination of these API Terms and revocation of Your access to the Services;
  7. not to use the API and Services for any illegal, restrictive or prohibitive purposes under applicable laws; and
  8. not commercialize (i.e., sell, rent, or lease), copy, store or cache any content of the API Documentation or any content, data or information created or generated from the use of API, other than for the purposes allowed by these API Terms.

4.5 CoinSwitch and/or its third-party licensor(s) owns and retains all right, title and interest to and in all the Intellectual Property Rights in and in relation to the API and API Documentation and any other software provided to the User under these API Terms. Any feedback or suggestions shared by the User on the features, specifications, technology, working, performance, errors, improvements etc. of the API and API Documentation provided herein shall be solely owned by CoinSwitch and/or its third-party licensors.

5. Trading Arrangement​

5.1 You acknowledge and agree that for Crypto to Crypto trades, You have the option to place buy / sell orders using only Limit Orders.

5.2 You acknowledge and agree that in order to utilize the Services, you will be required to use certain third-party tools, External Platforms or resources which may be referred to in the API Documentation or generally required by you to avail the Services. For the avoidance of doubt, it is reiterated that You acknowledge that the Platform / CoinSwitch is providing any such links or references of External Platforms or resources to You, including APIs to various third party Crypto exchanges, only as a convenience to You and that the Platform / CoinSwitch makes no representations whatsoever about any External Platforms which You may access through or via the API, including such external platforms being free of such items as viruses, worms, trojan horses, and other items of a destructive nature. CoinSwitch is not responsible for the availability of, and content provided on any External Platforms. You are requested to review the terms of use and policies posted by such External Platforms regarding privacy and other topics before use. The Platform / CoinSwitch is not responsible for third party content accessible through the Platform and API, including opinions, advice, statements, prices, activities, and advertisements, and You shall bear all risks associated with the use of such content or trading Cryptos on such External Platforms.

5.3 You acknowledge and agree that for the sake of convenience only the value of Your Cryptos purchased through Crypto to Crypto trades will be reflected in Indian Rupees and not in the value of the exchanged Crypto. The approximate Indian Rupee value of such Cryptos will be calculated based on the last traded price of the exchanged Crypto on CoinSwitchX, unless CoinSwitchX is non-operational due to any reason in which case the last traded price of the exchanged Crypto on WazirX or any other third party exchange will be considered which offers INR trading pairs, at the time of the trade. For the avoidance of doubt, it is clarified that if You purchase 100 MATIC (1 MATIC = 0.5 USDT) using 50 USDT, the value of 100 MATIC will be reflected as the last traded Indian Rupee value of 50 USDT on CoinSwitchX, unless CoinSwitchX is non-operational due to any reason in which case the last traded price of the exchanged Crypto on WazirX or any other third party exchange will be considered which offers INR trading pairs, at the time of purchase. If the value of 1 USDT at the time of purchase is INR 88, the value of the 100 MATIC in Your Account will be reflected as INR 4400.

5.4 Certain third party Crypto exchanges may be global in nature. The User must ensure and hereby represents and warrants to CoinSwitch that the User is complying with all the applicable laws when undertaking any trades (including Crypto to Crypto trades) on all given third party Crypto exchanges using the Services.

6. Algo Trading Program​

6.1 User Participation​

A. Program Description. We may in our sole discretion allow You to avail the services of third party traders on the CS Pro platform who will deploy an algorithm to execute trades ("Creators") on the CS Pro platform using Your funds in Your User's LLP Account for an agreed upon duration ("Duration") to generate a minimum agreed upon percentage of profit ("Expected Profit") as agreed between You and Creator in writing ("Creator Terms") under the Algo Trading Program ("Program"). This Program is made available to You by Us in our capacity as an intermediary between You and the Creators who are offering their services under the Program.

B. Program Description. Such Creator will be selected by You out of the options provided by Us to You based on Your assessment and analysis of their past performance data displayed on the CS Pro platform. You may request additional information about the Creator, via email communication, including the name of their business, whether registered or not, their geographic address, customer care number, if any, to make the selection and We will provide You with such information no later than 2 (Two) business days from such request via email communication. Post the execution of Creator Terms, you may via email communication also request for any other information required to be provided under applicable laws and We will provide You with such information no later than 2 (Two) business days from such request via email communication.

You acknowledge and agree that We may modify the list of available Creators at our sole discretion without any prior notice to You. In case of removal of any Creator ("Removed Creator") from the Program, CoinSwitch will intimate the date of removal ("Removal Date") of the Removed Creator from the Program as soon as reasonably practicable. If You are availing the services of such Removed Creator, you will have the option to avail their Services until the Removal Date following which You will be required to delete the Key to revoke access of the Creator to Your User's LLP Account and generate a new Key. You acknowledge and agree that:

  1. You shall never share or disclose the new Key to any other person or party except for a Creator under the Program, and Key shall remain the confidential information of the Company. In the event of any unauthorized sharing of the Keys, We may revoke, suspend or terminate Your access to Your User's LLP Account; and
  2. We will not be liable for any losses or deficiency in Expected Profit in the event of such removal of Creator, for any reason whatsoever.

C. Participation. In order to participate in the Program, You must opt-in by selecting the Creator of Your choice on the CS Pro platform out of the options provided by Us to You. Upon opting-in, You will be provided the contact details via email communication of the Creator for You to independently negotiate and execute the Creator Terms. By opting-in, You acknowledge and agree that:

  1. CoinSwitch will execute the trades on behalf of You on the CS Pro platform as per the instructions of the Creator per the algorithm deployed by the Creator for the Duration;
  2. In order to enable the Creator to provide their services, You will share your Keys with the Creator consequently providing access to Your User's LLP Account to the Creator; and
  3. CoinSwitch will not be liable for any abuse of the Key and consequently the funds held in Your User's LLP Account by the Creator during the Duration.
  4. You will delete the Key and generate a new Key after the Duration or whenever You discontinue the services of the Creator.

For the avoidance of doubt, it is clarified that:

  1. You retain beneficial ownership of the Designated Balance and such Designated Balance shall remain the property of You when being managed by the Creator;
  2. CoinSwitch does not in anyway endorse the trading algorithm or strategy deployed by the Creator; and
  3. In no event, will CoinSwitch be liable for providing the Expected Profit to You or to make good on the losses incurred by You while availing the services of the Creator under the Program.

D. Termination. Subject to the subsistence of Your agreement with the Creator, Your participation in the Program will continue per these API Terms. In the event You wish to discontinue Your participation in the Program, You must inform us in writing on api@coinswitch.co providing at least 1 (One) business day notice, after which You may delete Your Key and generate a New Key. You acknowledge and agree that CoinSwitch will not be liable for Your failure to delete Your Key shared with the Creator and any ensuing consequences, including but not limited to unauthorised access by the Creator or any other third parties, for the same.

In the event You delete Your Key and generate a new Key without informing Us and the Creator at least 1 (one) business day in advance, We may forthwith restrict / terminate Your access and use of the CS Pro platform.

6.2 Creator Participation​

In the event You want to provide Your services to a User as a Creator under the Program, You may inform us in writing on api@coinswitch.co expressing your interest in the same with details including the duration of You trading on the CoinSwitch Pro platform and Your gross returns on CoinSwitch Pro platform. Upon receiving such request or on our own accord, We may, at our sole discretion and subject to Your fulfillment of the eligibility criteria listed below, allow You to offer Your services for a fee ("Profit Share") as a Creator under the Program for a fee.

6.3 Force Majeure​

You acknowledge and agree that in the event of a force majeure event, including but not limited to technical issues, unauthorized access, cyberattacks or hacks, no party will be liable to perform their obligations under these API Terms.

6.4 Disclaimers​

You acknowledge and agree that the services under this Program are being by the Creator on an as-is basis. We are merely acting as an intermediary for Users to discover the services of the Creators. We will not be liable for generation of a certain profit or for the efficacy and accuracy of the algorithm and/or the services of the Creator under the Program. You agree that we are not liable to make good on the Expected Profit or Profit Share in any event whatsoever.

7. Fees And Charges​

7.1 The fees for API trades are given in the CoinSwitch PRO account of the User. The fee may be revised (i.e. increased or decreased) from time to time, and the User is required to check User's CoinSwitch PRO account each time before entering into any API trade. CoinSwitch may, in its sole discretion, also inform you via other electronic communication modes on any such changes. The invoices, contract note, and taxation on the same (TDS and GST) will be as per the Terms.

7.2 The User hereby agrees and acknowledges that presently no fees or charges are levied by CoinSwitch only for the use of the API. However, nothing contained in this section, or these API Terms shall restrict or limit the right of CoinSwitch to charge fees or levy charges for use of the APIs in addition to the charges or fees for API trades.

7.3 Conditions pertaining to star-marked (*) offers on API Trading.

8. Termination​

8.1 The User acknowledges and agrees that CoinSwitch may at any time in its sole discretion revoke the User's access to the API or modify these API Terms without any prior notice or liability to the User.

Contact​

For questions about these terms, contact api@coinswitch.co.

Last updated on