Last Updated: 29th Aug 2023

Welcome to Velox by Prem Gold Private Limited. By accessing our website and using our services, you agree to comply with and be bound by the following terms and conditions. Please read these terms carefully before using our platform.

1. Acceptance of Terms:
By accessing our website or using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms & Conditions. If you do not agree with these terms, please refrain from using our services.

2. Account Creation and Security:
a. To access our wallet services, you must create an account. You are responsible for maintaining the confidentiality of your account information, including your password and any other security credentials.
b. You agree to provide accurate and up-to-date information during account creation and to promptly update any changes to your information.

3. Use of Services:
Our services allow you to purchase digital gold. You agree to use our services only for lawful purposes and in accordance with any applicable laws and regulations.

4. Wallet Services:
a. Our wallet services allow you to securely store your digital gold. You acknowledge that the value of digital gold may fluctuate and you assume all risks associated with holding and transacting in digital gold.
b. You understand and agree that our wallet is not a financial institution and is not subject to the same regulations as traditional banking services.

5. Transactions:
a. You are using our wallet to securely store your digital gold. Transactions are irreversible and non-refundable. You are solely responsible for verifying transaction details before confirming.
b. We may impose limits on transaction amounts and frequency to comply with legal and security requirements.

6. User Responsibilities:
a. You agree to use our wallet services for lawful purposes and in compliance with all applicable laws and regulations.
b. You are solely responsible for maintaining the security of your wallet and for all activities conducted through your account.

7. Privacy:
Your use of our wallet services is also governed by our Privacy Policy, which outlines how we collect, use, and protect your information. By using our services, you consent to the practices described in our Privacy Policy.

8. Limitation of Liability:
We make reasonable efforts to provide accurate and reliable services.

9. Indemnification:
You agree to indemnify and hold us harmless from any claims, losses, damages, liabilities, and expenses arising from your use of our wallet services, violation of these terms, or infringement of any third-party rights.

10. Termination:
We reserve the right to suspend, terminate, or restrict your access to our wallet services at our discretion, without notice, if you violate these terms or engage in any fraudulent or malicious activities.

11. Governing Law:
These Terms & Conditions shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law principles.

12. Changes to Terms:
We may update or modify these Terms & Conditions at any time without prior notice. Changes will be effective upon posting within the wallet interface or on our website. Continued use of our services after changes are made signifies your acceptance of the updated terms. If you have any questions or concerns about these Terms & Conditions, please contact us at info@veloxgold.com.