At Velocoin we respect your privacy and are committed to protecting personal information you provide. This Privacy Policy explains how we collect, use, disclose, secure, and retain personal data when you access and use the Velocoin platform. By using Velocoin services you consent to the practices described in this Privacy Policy.
| Category | Examples | Regulatory Basis or Purpose |
|---|---|---|
| Personal Identification Information | Name, email, phone, postal address, date of birth, government identifiers used for account registration and identity confirmation | Account management, identity verification, legal compliance |
| KYC Information | Government issued ID, proof of address, selfie or liveness check, beneficial owner information for legal entities | Anti money laundering and beneficial ownership requirements under 31 CFR 1010.230 and related FinCEN guidance. :contentReference[oaicite:0]{index=0} |
| Payment and Transaction Data | Bank account numbers, card data, transaction history, deposit and withdrawal records | Transaction processing, fraud prevention, recordkeeping obligations referenced in SEC recordkeeping guidance. :contentReference[oaicite:1]{index=1} |
| Device and Usage Data | IP address, device identifiers, browser type, pages visited, time stamps, interaction logs | Security, fraud detection, platform analytics |
| Cookies and Tracking | Session cookies, persistent cookies, analytics pixels, login preferences | User experience, performance analytics, consented marketing |
We use collected information for these primary purposes:
If Velocoin offers services that involve securities or security like instruments, additional disclosure and recordkeeping requirements under federal securities laws may apply. See SEC staff guidance on crypto asset activities for examples. :contentReference[oaicite:2]{index=2}
We disclose personal data only in limited circumstances:
Velocoin employs technical and organizational safeguards that include encryption in transit and at rest, access controls, monitoring, secure key management and optional account 2 factor authentication.
Recordkeeping and retention follow applicable rules. Where broker dealer or investment adviser obligations apply, records must be retained and preserved in accessible form according to SEC Rules 17a-3 and 17a-4. Velocoin will maintain records required by applicable law and will dispose of data only in accordance with legal retention rules and secure disposal practices. :contentReference[oaicite:3]{index=3}
| Record Type | Suggested Minimum Retention | Legal Reference |
|---|---|---|
| Customer identification and KYC documentation | Minimum 5 years after account closure or as required by local law | FinCEN beneficial ownership rule 31 CFR 1010.230 and BSA recordkeeping guidance. :contentReference[oaicite:4]{index=4} |
| Transaction records (deposits, withdrawals, trades) | Minimum 6 years and accessible for first 2 years, where applicable | SEC recordkeeping rules 17a-3 and 17a-4 as applicable. :contentReference[oaicite:5]{index=5} |
| Security logs and audit trails | Minimum 3 years | Industry practice for incident response and regulatory inquiries |
Subject to legal restrictions and our legitimate business needs, you may:
To exercise any of these rights contact us at the contact details below. We will respond in the timeframes required by applicable law and regulation.
Your personal data may be processed or stored outside your country of residence. Where transfers occur, we implement appropriate safeguards consistent with applicable law. By using Velocoin you consent to such transfers for the purposes identified in this policy.
We may update this Privacy Policy to reflect changes in law, regulation, technology or our business. Material changes will be communicated by email or by posting a prominent notice on the platform. The version posted on the website will include the effective date.
Key references that inform our policies include the following items. These are examples and not an exhaustive list. Velocoin may be subject to additional requirements depending on the services offered and the jurisdictions in which we operate.
The following formulas are simple examples to illustrate internal checks that Velocoin may apply when performing risk and exposure assessments. These are descriptive examples only and do not constitute financial advice.
If you have questions, requests, or concerns regarding this Privacy Policy or your personal data, contact Velocoin: