Cryptocurrencies Hub definition

Cryptocurrencies Hub means the part of your PayPal Account where PayPal will facilitate your Buying, Selling, Holding and learning about Cryptocurrencies. “Hold” means you hold rights in respect of the Cryptocurrencies which we arrange to be held through a Service Provider and PayPal group companies, as described under the section “Holding Cryptocurrencies”. When we refer to “Holding” Cryptocurrencies (or any related expression) we refer to the meaning set out in this section. “PayPal Account” means your account with PayPal that you have opened pursuant to the PayPal User Agreement. “PayPal User Agreement” means the terms and conditions which govern the use of your PayPal Account and PayPal services set out in the PayPal User Agreement. “Sell” means you sell rights in respect of the relevant Cryptocurrency you Hold as described under the section “Holding Cryptocurrencies”. When we refer to “Selling” Cryptocurrencies (or any related expression) we refer to the meaning set out in this section. “Service Provider” means an appropriately licensed provider of cryptocurrency trading and/or custody services that we will use from time to time (and a reference to “Service Provider” is a reference to each “Service Provider” if there is more than one). These Cryptocurrency Terms govern your use of the Cryptocurrencies Hub. By accessing and using the Cryptocurrencies Hub, you agree to comply with these Cryptocurrency Terms and also these agreements and policies as updated from time to time: PayPal User Agreement, Privacy Statement and Acceptable Use Policy. Please carefully read these Cryptocurrency Terms and each of the other agreements and policies that apply to you. As your Cryptocurrencies Hub is part of your PayPal Account, and we will provide electronic money and payment services to you to facilitate our Cryptocurrency service the PayPal User Agreement applies to your Cryptocurrencies Hub, except as described in these Cryptocurrency Terms. If there is any conflict between the PayPal User Agreement and these Cryptocurrency Terms, these Cryptocurrency Terms will govern and apply. Your rights under the PayPal User Agreement, including in respect of complaints, will only apply in respect of the electronic money and payment services that we provide to you and not in respect of our Cryptocurrencies services. We may update these Cryptocurrency Terms. The updated version will be effective at the time we post it on our website, unless otherwise noted. If our changes to these Cryptocurrency Te...
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Examples of Cryptocurrencies Hub in a sentence

  • If the balance in your PayPal Account (including your Cryptocurrencies Hub) represents an amount that you owe to PayPal then PayPal is entitled to recover that amount from you.

  • Any balance in your Cryptocurrencies Hub represents your rights in respect of the relevant Cryptocurrency.

  • You may Buy, Sell and Hold Cryptocurrencies through your Cryptocurrencies Hub.

  • PayPal will, however, protect you from unauthorised activity involving the Purchase or Sale of Cryptocurrencies in your Cryptocurrencies Hub.

  • We will automatically link your Cryptocurrencies Hub to your personal PayPal Account.

  • It is your responsibility to determine what taxes, if any, apply to transactions you make using your Cryptocurrencies Hub.

  • Before you are first able to access your Cryptocurrencies Hub, we must identify you and verify or have previously verified identifying information that you provide to us.

  • In addition to the remedies identified in your PayPal User Agreement, the actions we may take include, but are not limited to, limiting your access to or use of the Cryptocurrencies Hub, and/or suspending your Cryptocurrencies Hub, immediately and without penalty to us, including limiting your ability to Buy or Sell Cryptocurrencies.

  • If you no longer want to make use of the Cryptocurrencies Hub but want to keep your PayPal Account open, you can use your PayPal Account without using your Cryptocurrencies Hub once you have Sold your Cryptocurrencies.

  • If you do not have any Cryptocurrencies in your Cryptocurrencies Hub when you close your PayPal Account, then when you close your PayPal Account, your access to your Cryptocurrencies Hub will automatically stop.