3. SELLING AND EXCHANGE OF THE DIGITAL ASSETS
NOTE: Exchange operations with Digital Assets involve a high degree of risk. Values of Digital Assets are subject to fluctuation and there is a significant time lag between the placement of your exchange Order and the delivery of Digital Assets to your Account.
3.1. The terms āsaleā or ātransactionā herein refer to the sale and transaction of Digital assets for fiat currency or vice versa unless stated otherwise.
3.2. To sell or exchange Digital Assets for fiat currency, the Client must indicate the type of Digital currency and the relevant amount. The price will be determined at the moment the Client has entered the request to purchase Digital Currency. MetaFi will then display the sale price, the amount of commissions, and other fees applicable to the transaction. The Client will have the option of executing the transaction based on this displayed price or choosing not to execute. Executing the transaction will authorize MetaFi to charge commissions and fees from the Clientās account, and if there is an insufficient amount of fiat currency to pay these fees and commissions, the transaction will not go through.
3.3. The same principles in the above section also apply to the exchange and trade of Digital Assets.
3.4. Limitations. Limitations may be applied by us on either a single sell or exchange transaction, or on a daily sell volume per Account. Clients must meet this limitation when applying to sell or exchange transactions, otherwise, the transaction will not be executed. Clients must check the limits for their own Accounts to learn this information.
3.5. Payout. To initiate the payout after a sale or exchange to the Account or Digital Assets wallet, we need to receive the minimum required number of confirmations for your transaction. The payouts are normally settled within 24 ā 72 hours on working days from the time the transaction is complete. If MetaFi cannot transfer fiat currencies to the Account for reasons which depend on the client, we have the right to exchange fiat currencies to digital currencies and hold them until further instruction from the client.
3.6 MetaFi Fees and Processing. By accepting the terms and agreements listed here, the client agrees to pay MetaFi a fee for each completed transaction. Blockchain fees will be automatically calculated in accordance with the actual and required fees for processing blockchain transactions and itās not charged by MetaFi. The blockchain fee is the cost of processing the transaction by external āminersā who charge a fee to validate the transaction on the blockchain. MetaFi may choose not to authorize wire transfers for customers whose accounts have not passed through the necessary identification and authentication checks. Our fees are subject to change without notice, and the Client is obliged to pay these fees when charged. Client acknowledges and agrees with MetaFi Fees and that MetaFi may withdraw funds of any amount from the Client Account to cover such fees.
3.7 If MetaFi suspects fraud on the part of any Client, we may freeze or close the Client's Account and reverse payouts. We also reserve the right to contact law enforcement agencies, financial regulators, and private companies regarding any suspected fraud. MetaFi is not liable for any fraud or illegal activity carried out by Client, including credit card fraud, and may use third-party companies to process payments and provide other services as we see fraud or otherwise unlawful activity to employ collection services to recover payments.
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