Terms of Use & Privacy Policy

Introduction

These Terms and Conditions (“Agreement”) govern your use of our website and services provided by Nestex.one (“we,” “us,” or “our”). Please review this Agreement carefully before accessing or using Nestex.one (“the Site”). By using the Site, you agree to adhere to these legally binding terms. Remember, NestEx offers you a trading & wealth platform only. We do not guarantee trading performance or coin price or volume. Attracting traders is your own responsibility. Furthermore NestEx will NOT do, or encourage wash trading for any of our coins.

Acceptance of Terms

By visiting, browsing, or interacting with the Site, or by contributing content or materials, you expressly agree to these Terms and Conditions. Your continued use constitutes acceptance of all policies outlined herein.

User Eligibility

To use Nestex.one, you must be at least 18 years old and have the legal capacity to enter into binding agreements. By accessing our platform, you confirm compliance with these eligibility requirements.

Encouraging or performing wash trading on our platform is forbidden, and may impact your continued access to the platform. If you like a coin you're investing in, encourage your community to purchase it to boost the price - don't wash trade.

We are committed to upholding international regulations, as a result we don't provide services in jurisdictions that are forbidden or to high-risk individuals or institutions. We maintain our standards in AML and CTF. At this time, we cannot service China and all SARs, the US, Singapore, and other high-risk regions. We cannot support these regions to ensure compliance with regulatory requirements, and accordingly the list may be updated in future to remain in compliance.

User VIP Status

Users on NestEx are awarded a VIP status based on their holdings. Everyone by default begins with a 'Level 0' status and moves through levels 1 - 5 based on the value of their crypto holdings. Higher VIP statuses qualify you for reduced withdrawal fees, higher compound earn rates, automatic airdrops and more.

• Level 0 users hold less than $1,000 in their account and pay standard withdrawal fees and qualify for 10AM UTC commitment on withdrawals. Please note, asking for quick / immediate withdrawals even after agreeing to this on the withdrawal page is looked down upon, and may result in a timeout on support channels since it's clearly unwarranted noise. Furthermore you can have upto 5 auto-approved withdrawals in a day, beyond which the withdrawals may be continued on the next day - this is an additional anti-spam measure in response to recent user behaviours on the platform.
• Level 1 users have $1,000 or more in their account. They receive withdrawals ASAP (i.e. no need to wait for 10AM), no limit on number of withdrawals in a day, a 20% discount on withdrawals, an increased compound earn rate (+0.1%) and automatic faucet collection.
• Level 2 users have $7,500 or more in their account. They receive 50% discount on withdrawals, guaranteed instant withdrawals as long as the VIP balance is not compromised, no limit on number of withdrawals in a day, a further increased compound earn rate (+0.25%), automatic faucet collection and 1 automatic airdrop per month.
• Higher tiers are not available at this time.
• Note that automatic faucet collection only occurs if you're active on the platfrom at least once every 3 days.
• Note that automatic / manual withdrawal activities due to platform limitations apply for all users irrespective of VIP tier.

Description of Service

Nestex.one offers a private, non-KYC cryptocurrency trading platform. Users can trade cryptocurrencies without submitting personal data such as email addresses, phone numbers, or identification documents. Our platform is designed to prioritize user privacy while providing seamless trading experiences.

Risks and Responsibilities

Trading cryptocurrencies involves significant risks, including market volatility and security threats. By using our platform:

• You acknowledge and accept all risks associated with cryptocurrency trading.
• You are solely responsible for the security of your Nestex.one account and assets.
• We disclaim liability for losses resulting from account breaches, cyberattacks, or other malicious activities.
• Accounts unused for a prolonged period or linked with illegal activities or deemed inactive may be recycled; any funds therein will be turned into a faucet and given back to the community.
• For currencies whether or not listed with us, the liquidity partner may take a conversion fee.
• For currencies whether or not listed with us, the withdrawal wallet partner may take a withdrawal fee.
• At any time due to abnormal activity including rapid dumping, we may add a dump fee to protect the interests of our liquidity partners.
• Abnormal behaviour on the platform, including use of known high risk domains/IPs may lead to suspension of access.
• You are responsible to ensure use of our platform is acceptable in your country.
• If incoming funds are flagged, we may ask for source of funds, failing which that cold wallet may be discarded from our systems. You can mask your name and contact details, ensure the fund source information matches the flagged funds.
• Login session duration is 7 days by default. If you do not update your password, activate your 2FA and validate your email ID your account may be at risk. We will NOT help you activate an account where you can't prove ownership using these methods.
• Note that using any recovery option will block withdrawals for 7 days for your own safety. Attempting to bypass the same is prohibited and can result in account suspension for the remainder of the 7 days.

Compound Earning deposits are limited to USDT 10,000 PER ACCOUNT for now. If this limit is exceeded the surplus deposit will be auto-cancelled within 24 hours. This is basis our agreement with the insurance provider and is not negotiable.

We urge users to adopt best practices for securing their wallets and transactions. Please note withdrawals are not cancelable after you have submitted the 2FA.

Asset Highlights are a paid feature, and any payments made for this feature are non-refundable. In case of problems compensation will be given in display time only.

Terms of Support

Nestex offers support for most activities related to our platform. However spamming support frequently for deposits or withdrawals will result in a support timeout.

In the event you have been timed out on support, you may continue using your account as usual and the timeout may be lifted within 7 days. We reserve the right to permanently discontinue support for users that generate high levels of support spam.

Prohibited Use

You agree to use the Site ethically and refrain from engaging in illegal, unauthorized, or disruptive activities, including but not limited to:

• Attempting to compromise platform security.
• Overloading servers or interfering with other users’ experiences.
• Misusing the platform for unlawful purposes, such as money laundering or scams.
• Proxying funds through us - depositing and withdrawing the same funds trying to mask your fund origin while tainting ours.
• Giving a negative impression about the platform while using our services is strictly prohibited.
• Signing up multiple accounts with an intent to cause harm to NestEx, our listed coins or our users (for example attempting to drain faucets or LP)
• Use of bots on the web interface it not permitted (use of bots with the API is permitted with traffic limits)

Any of the reasons above will result in an ban, and in this scenario any funds deposited will be used to cover losses first. The remainder shall be released after our internal analyses are completed. We actively monitor for suspicious behavior through robust audit systems. Our Anti-Money Laundering (AML) officer ensures adherence to security protocols.

Important Note: While our no-KYC approach emphasizes user privacy, we maintain a zero-tolerance policy toward illegal activities. Scammers and those attempting misuse will face swift action, including forfeit of account, permanent bans and, where necessary, cooperation with law enforcement. Users in violation of prohibited use are not eligible for deposits, trading, withdrawals or any other activity on the platform.

Intellectual Property

All content, including graphics, logos, text, software, and other materials, is proprietary to Nestex.one or its licensors. Unauthorized reproduction or distribution is strictly prohibited and may result in legal action.

Fees and Charges

Fees and Charges are as stated in the platform and may be updated from time to time. There are no hidden fees/charges, and all such information is present and provided on the Fees page.

For high risk digital assets that see active dumping, a dump fee is levied. The dump fee is normally 1-2%, but during severe dumping we reserve the right to push this up to 5% or higher. We will remove the dump fees after 24 hours or once the coin recovers its value. Dump fee is paid to the LP, and does not go to NestEx. This applies for Community Coins or coins with less than 10 cents of volume, on SELL orders only.

1. Default dump fee = 0.1%
2. If dumped by 10%, dump fee = 2%
3. If dumped by 15%, dump fee = 5%
4. If dumped by 20%, dump fee = 10%

De-listing Terms

We reserve the right to delist any asset at any time. Common reasons for delisting include non-functional websites, explorers, abandoned projects, inactive blockchains, faulty or malicious code in the core wallet, etc. There are no minimum volume requirements, but assets with zero or negligible volume over a timespan of 3 months may be notified at-risk for delisting.

Listing Duration by default is perpetual, however a re-evaluation is done every quarter to ensure our listed assets are in tip-top shape. In case of problems, we reserve the right to eventually delist the asset.

Disclaimer of Warranties

Nestex.one provides its services “as is” without guarantees of uninterrupted access or error-free functionality. We disclaim all warranties, whether express or implied, including but not limited to fitness for a particular purpose, merchantability, and non-infringement.

Limitation of Liability

Nestex.one is not liable for any direct, indirect, incidental, or consequential damages arising from your use of our Site or services, including loss of funds or data, regardless of the legal basis for the claim. In the event of your account being suspended, you will need to write to us from your officialy verified email id explaining the problem.

All activities conducted on this platform shall be deemed to occur within NestEx's country of incorporation regardless of your physical location when using the Platform or engaging with it in any way. Consequently, the User agrees that these activities are exclusively governed by such laws, without regard to the laws of your country or any other country. Therefore, any recourse sought from NestEx shall be pursued under the relevant law.

You agree that by accessing this platform you adhere to all applicable laws and regulations governing the use of this platform in any jurisdiction where you may be present, and NestEx accepts no responsibility for the same.

Dust amounts of crypto will not be deposited and will be discarded. If you have a substantial amount of dust deposited, we can consolidate it for you but single dust deposits will not reflect in your account. (Dust = where deposit value is less than 2x the network fees)

When mining to the platform wallet, a small consolidation fee would be charged in the relevant coin. In the event you do not have enough balance to cover the charge, an equivalent amount of USDT would be deducted automatically. This goes toward maintenance of the consolidation programme - automated with weekly manual reviews. It helps us permit you to mine direct-to-wallet.

Indemnification

You agree to indemnify and hold harmless Nestex.one, its affiliates, employees, and partners from any claims, damages, or costs, including attorneys’ fees, arising from your use of the Site, your violation of this Agreement, or infringement of any rights.

Changes to Terms and Conditions

Nestex.one reserves the right to amend these Terms and Conditions at any time. Continued use of the Site after modifications implies acceptance of the updated terms.

Causing irreparable harm to NestEx

We will not tolerate anything that tarnishes our brand value or reputation in the community. FUD, slander, racism, bigotry, cheating, attempt to malign NestEx or it's staff, threats, attempts at blackmail or defamation of any kind and other such activities that are otherwise not legally acceptable will be addressed with account termination, penalties levied and blocking of access to the platform.

Contact Us

If you have questions or concerns about these Terms and Conditions, please reach out to us via email on support[at]nestex.one or through the support tickets function in our website at Nestex.one.