Privacy Policy for BitNexusX
Introduction
This Privacy Policy explains how BitNexusX collects, uses, stores, and protects user data. By using BitNexusX services, including its platform, applications, and products, you agree to the terms outlined in this Privacy Policy.
1. Data Collection
1.1. Personal Data:
- BitNexusX collects personal information provided by users during account registration, such as name, email address, phone number, and identification documents (for compliance with Know Your Customer (KYC) regulations).
1.2. Usage Data:
- Information on how users interact with the platform, including IP address, device type, operating system, and app usage statistics, is collected to improve the user experience.
1.3. Transaction Data:
- Records of deposits, withdrawals, investments, and other financial transactions conducted on the platform are maintained for regulatory compliance and service optimization.
1.4. Cookies:
- Cookies and similar technologies are used to enhance user experience, track platform performance, and provide targeted services.
2. Data Usage
2.1. Service Delivery:
- Personal data is used to provide access to the platform, execute transactions, and ensure smooth functionality.
2.2. Compliance and Security:
- Data is used to comply with regulatory obligations, including anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
2.3. Marketing:
- BitNexusX may send promotional materials or updates based on user preferences. Users can opt-out at any time.
3. Data Sharing
3.1. Third-Party Services:
- BitNexusX may share data with third-party service providers, such as payment processors, compliance agencies, or cloud hosting providers, under strict confidentiality agreements.
3.2. Legal Requirements:
- Data may be disclosed to law enforcement or regulatory authorities when required by applicable laws or regulations.
4. Data Storage and Protection
4.1. Data Security:
- BitNexusX employs encryption, firewalls, and access controls to safeguard user data against unauthorized access.
4.2. Data Retention:
- Personal data is retained only as long as necessary for compliance, service delivery, and legal obligations.
5. User Rights
5.1. Access and Correction:
- Users can request access to their personal data and correct any inaccuracies.
5.2. Data Deletion:
- Users may request the deletion of their personal data, subject to regulatory or legal obligations requiring its retention.
5.3. Opt-Out:
- Users may opt-out of marketing communications by adjusting their preferences in account settings.
6. International Transfers
Data may be transferred to and processed in countries outside of the user’s jurisdiction. BitNexusX ensures that such transfers comply with relevant privacy laws.
7. Updates to the Privacy Policy
BitNexusX reserves the right to amend this Privacy Policy. Users will be notified of significant changes through the platform or email.
Contact Information
For questions or concerns regarding this Privacy Policy, please contact privacy@bitnexusx.com.