Terms of Service

PLEASE READ THE FOLLOWING TERMS OF SERVICE RELATING TO YOUR USE OF OUR WEBSITE AND SERVICES CAREFULLY.

The following Terms of Service (the “Terms”) govern your use of the website https://algomate.co/  (the “Website”) and/or any materials, software, code and any services provided by Algomate as described below, including paid subscriptions and free trials (the “Services”). By using this Website and/or the Services, you are entering into an agreement between you (also referred to herein as “you” or “User”) and Algomate, Inc. (“Algomate”). You agree that you have read, understand, and accept all of the Terms contained in this Agreement. Your use following posted changes will constitute acceptance of any changes.  If you do not agree to these Terms or to any changes, please do not use this Website or the Services.

Services

Algomate allows Users to create scripts or algorithms in order to automate trading strategies or trades can be made manually via instruction through the UI (Desktop and Web Clients or APIs). The Services will include the following:

  • Oversee and manage your balance across exchanges
  • Add your API keys to trade through the Algomate Trading Platform
  • View orders across all exchanges
  • View and export trade history in one platform
  • Create Market, Limit, Stop or Complex Orders
  • Create automated strategies through Algomate’s API, Website or Desktop client across one or multiple exchanges
  • Explore Price Data across multiple exchanges through Algomate UI Components

The level of Services will vary depending on the subscription level you choose.

Any “AlgoMate” (C# Trading strategy) created by the User using the Services, will be only accessible by the User unless authorization is given to Algomate to have access.

Payments

Algomate uses a third-party payment processor, BlueSnap, to bill for Services. The processing of payments are subject to the terms, conditions and privacy policies of BlueSnap in addition to these Terms. WE are not responsible for error by BlueSnap.

Security

We encrypt and securely store Exchange API private keys, which are used to process transactions. You are fully responsible for safeguarding access to your Digital Currency Wallet, private keys, usernames and passwords.

You are responsible for creating a strong password and maintaining adequate security and control of any and all IDs, passwords, hints, personal identification numbers, API keys or any other codes that you use to access the Services.

You understand and agree that you are responsible for any and all orders, trades, and other instructions entered when using the Services including Digital Keys, identifiers, permissions, passwords, and security codes associated with your account.

No Brokerage

Algomate does not provide investment, tax, or legal advice or broker trades on your behalf. Algomate trades are executed automatically, based on the parameters of your order instructions, and you are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. Algomate may provide educational information about Digital Currency, including but not limited to reports, articles, links to third-party content and news feeds. The information provided on this Website or any third-party sites does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the Website’s content as such. Algomate does not recommend that any Digital Currency should be bought, sold, or held by you. Algomate will not be held liable for the decisions you make to buy, sell, or hold Digital Currency based on the information provided by Algomate.

Personal Data

You consent to us accessing, processing and retaining any personal information you provide to us for the purpose of us providing the Services to you. No credit card information will be stored by Algomate. This consent is not related to, and does not affect, any rights or obligations we or you have in accordance with data protection laws, privacy laws and regulations.  Please see our Privacy Policy for further information about how we process your personal data, and the rights you have in respect of this.

RISKS

You acknowledge and agree that you shall access and use the Services at your own risk. The risk of loss in trading Digital Currency can be substantial. You should, therefore, carefully consider whether such trading is suitable for you.

You acknowledge that there are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and internet connections. You acknowledge that Algomate shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, howsoever caused.

Acceptable Use

When accessing or using the Services, you agree that you will not violate any law, contract, intellectual property or other third-party right and that you are solely responsible for your conduct while using the Services. 

Intellectual Property

Subscribers will be granted a limited, non-exclusive, revocable license to make use of the software applications provided by Algomate.  This Access shall remain in effect until and unless terminated by you or Algomate.

Algomate’s software applications are not sold or transferred to you, and Algomate and its licensors retain ownership of all copies of the Algomate software applications even after installation on your personal computers or other devices.

Unless otherwise indicated by us, all intellectual property rights and any content provided in connection with our Services, are the property of Algomate or our licensors or suppliers and are protected by applicable intellectual property laws.  You accept and acknowledge that the material and content contained through our Services is made available for your personal, lawful use only and that you may only use such material and content for the purpose of using the Services.

You further acknowledge that any other use of content from the Services is strictly prohibited and you agree not to infringe or enable others to infringe our intellectual property rights. You may not sell or modify materials derived or created from our Services or reproduce, display, publicly perform, distribute or otherwise use the materials in any way for any public or commercial purpose. Any rights not expressly granted herein to use the materials contained on or through our Services are reserved by Algomate.

Sample Code

Sample code is provided on the Website subject to a limited, revocable, non-transferable license solely for testing purposes and not for commercial use.

ANY SAMPLE CODE PROVIDED ON THE WEBSITE IS PROVIDED “AS IS” WITH NO WARRANTIES OF ANY KIND, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THIS CODE HAS NOT BEEN TESTED AND ALGOMATE OFFERS NO GUARANTEES OF ITS EFFECTIVENESS WHATSOEVER.  ALGOMATE SHALL HAVE NO LIABILITY TO USER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND (INCLUDING LOSS OF REVENUE OR USE), WHETHER IN CONTRACT OR TORT, RESULTING FROM USER’S USE OF THE SAMPLE CODE, EVEN IF ALGOMATE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Third Party Websites/CONTENT

This Website may provide links to certain websites, such as Digital Currency Exchanges. Such third-party websites are publicly available and Algomate is providing access to such websites and content through this Website solely as a convenience to you. The content of such third-party websites, services, goods or advertisements that may be linked to this Website is not maintained or controlled by Algomate, and Algomate makes no representations or warranties concerning the content of such websites and the fact that access to such websites is provided does not constitute any endorsement, authorization or sponsorship of such websites or their sponsors by Algomate nor is there any affiliation between Algomate and such sponsors.  Moreover, Algomate is in no way responsible for the availability, content or accuracy of other websites, services or goods that may be linked to, or advertised on, the Website and does not make any warranty, express or implied, with respect to the use of the links provided on, or to, the Website or guarantee the accuracy, completeness, usefulness or adequacy of any other websites, services, goods or advertisements that may be linked to the Website. You understand and agree that you will use or rely on such websites solely at your own risk and that Algomate does not grant to you any rights in respect of such websites.

Algomate may provide content, including but not limited to reports, articles, links to third-party content and news feeds. All data provided by Algomate through the Website or the Services is in read-only format and may not be altered.  Algomate is in no way responsible for the availability or accuracy of the content and does not make any warranty, express or implied, with respect to the accuracy, completeness, usefulness or adequacy of any content that may be provided on the Website or through the Services.  You understand and agree that you will use or rely on such content solely at your own risk.

Limitation of Liability

Algomate and its directors, officers, employees and agents shall, to the extent permitted by law, have no liability to you or to third parties for the accuracy, timeliness, completeness, reliability, performance or continued availability of this Website or for delays or omissions therein, including, but not limited to, inaccuracies or errors in or omissions from quotes and financial data.  Algomate shall have no responsibility to maintain the information or the Services made available on this Website or to supply any corrections or updates in connection with such information or Services.  Any limitations or restrictions on liability in these Terms shall only apply to the extent permitted by applicable law. In no event shall Algomate’s total liability to you for all damages, losses and causes of action (whether in contract or tort, including but not limited to, negligence) exceed the amount paid by you to Algomate, if any, for accessing the Services. 

IN NO EVENT SHALL ALGOMATE, ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES OR REPRESENTATIVES, BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH AUTHORIZED OR UNAUTHORIZED USE OF THE ALGOMATE WEBISTE OR SERIVES.

Indemnity

You agree to defend, indemnify and hold harmless Algomate (and each of our officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable attorneys’ fees, arising out or relating to (a) your use of, or conduct in connection with, our Services; (b) your violation of these Terms; or (d) your violation of any rights of any other person or entity. If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it.

NO WARRANTY

THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. THIS SITE AND THE INFORMATION AND MATERIAL WHICH IT CONTAINS ARE SUBJECT TO CHANGE AT ANY TIME BY ALGOMATE WITHOUT NOTICE AND ALGOMATE RESERVES THE RIGHT TO SUSPEND, TERMINATE OR RESTRICT YOUR ACCESS TO OR USE OF THIS SITE.  DIFFICULTIES IN USE OF THIS WEBSITE OR THE SERVICES COULD INVOLVE, AMONG OTHERS, FAILURES, DELAYS, MALFUNCTION, SOFTWARE EROSION, INADVERTENT DISCLOSURE OF INFORMATION PROVIDED TO ALGOMATE VIA THIS WEBSITE, OR HARDWARE DAMAGE.  SUCH DIFFICULTIES COULD LEAD TO POSSIBLE ECONOMIC AND/OR DATA LOSS.  YOU HEREBY UNDERSTAND AND AGREE THAT ALGOMATE WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO: (A) ANY INACCURACY, DEFECT OR OMISSION OF DIGITAL CURRENCY PRICE DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, OR (C) INTERRUPTION IN ANY SUCH DATA.

CHOICE OF LAW

You agree that the laws of the State of Connecticut, without regard to principles of conflict of laws, will govern this Agreement and any claim or dispute that has arisen or may arise between you and Algomate, except to the extent governed by federal law.