When you visit our site www.litebit.eu and/or use our mobile applications, 2525 Ventures B.V. (''LiteBit'') processes personal data of its visitors. LiteBit values your privacy and ensures due care with regard to the processing and protecting of personal data.
During the processing of your personal data, we adhere to the requirements of relevant privacy legislation, including (from 25 May 2018 onwards) the General Data Protection Regulation (GDPR). In this Privacy Statement (the ''Statement''), we explain what types of personal data we collect, why we collect such data, how we deal with personal data and what rights you have. Due to the innovative nature of digital currency and the crypto environment in general, the services that we provide through our website and the website's functions may change over time. Therefore, it is advisable to revisit this Statement from time to time.
This Privacy Statement was last amended on June 20th 2019.
1.1 By using our website and its functionalities, the following (categories of) personal data may be processed for the purposes as mentioned in this Statement:
1.2 These categories of personal data include information that you provide to us, or information that our website and other systems collect about you.
2.1 By using our website and the website's functionalities the abovementioned categories of personal data may be processed. We may use your personal data if we have your consent or another legally permitted reason applies. These include to fulfil a contract with you, when we have a legal duty to comply with, or when it is in our legitimate business interest to use your personal data. We can only rely on our legitimate business interest, if it is fair and reasonable to do so. We may process your personal data for the following purposes:
Via our website you can create an account on our online platform. This account allows you to buy, sell and store cryptocurrencies (in your Wallet). To create an account, we will ask you to fill in your name, e-mail address, password and country of residence. In the event of suspicion of fraud or misuse of our website we may hand over personal data to the entitled authorities. When creating an account, we process your personal data for the performance of your agreement with LiteBit.
Via our website you can buy and sell cryptocurrencies. To do so you need to log in to your online account using your e-mail address and password. After the verification of your payment method you are asked to fill in the address of your (cryptocurrency) wallet. In some cases, while buying and/or selling cryptocurrencies you may be asked to proceed to the verification procedure as part of our security measures. When buying and/or selling cryptocurrencies we process your personal data for the performance of your agreement with LiteBit.
At LiteBit we have a verification procedure in place as part of our security measures for buying and/or selling cryptocurrencies. Depending on the specific amount of the transaction or the amount of the overall daily/weekly/monthly transactions, you will have to provide certain information as part of the verification procedure. The process is divided into two tiers (depending on the exact amount of the transaction). For tier one we will need your name, email address and telephone number to send you a text message. In Tier two you will need to provide us with a copy of your passport or ID-card and address details. If deemed necessary you need to provide us with more verification documents. When proceeding through the verification procedure we process your personal data for the performance of your agreement with LiteBit.
At LiteBit you can set a price alert to be notified when the price for a specific coin reaches a set threshold. We will send this notification to the e-mail address that you provide. When setting price alerts, we process your personal data with your consent, which can be withdrawn at any time.
If you have any questions relating to for instance an order or cryptocurrencies in general, you can either call, email or chat with us. You can also contact us via our social media channels or by filling in our contact form. To answer a question that is sent via the contact form, we will process your name and e-mail address. When contacting LiteBit we process your personal data on account of a legitimate business interest.
We have a newsletter to inform those interested about our services. You can ask to receive the newsletters by clicking the newsletter checkbox in your online account. To receive our newsletter, we process your personal data with your consent, which can be withdrawn at any time by opting out from receiving future marketing communications through an opt-out button included in each communication.
We may further use your information for the following purposes:
When processing your personal information for these purposes, we process your personal data on account of a legitimate business interest.
2.2 We may from time to time review information about you held in our systems – including the contents of and other information related to your email and other communication with us – for compliance and business-protection purposes as described above. This may include reviews for the purposes of disclosure of information relevant to litigation and/or reviews of records relevant to internal or external regulatory or criminal investigations. To the extent permitted by applicable law these reviews will be conducted in a reasonable and proportionate way and approved at an appropriate level of management. They may ultimately involve disclosure of your information to governmental agencies and litigation counterparties as described below. Your emails and other communications may also occasionally be accessed by persons other than the members of staff with whom they are exchanged for ordinary business management purposes (for example, if necessary, when a staff member is out of the office or isn’t an employee of LiteBit anymore).
2.3 We will only process your personal information if this is necessary for the purposes described above, and then only where we have concluded that our processing does not prejudice you or your privacy in a way that would override our legitimate interest in pursuing those purposes. In exceptional circumstances we may also be required by law to disclose or otherwise process your personal information. We will tell you, when we ask you to provide information about yourself, if provision of the requested information is necessary for compliance with a legal obligation or, on the other hand, if it is purely voluntary and there will be no implications if you decline to provide the information. Otherwise you should assume that we need the information for our business or compliance purposes (as described above). If you are uncertain as to LiteBit's need for information that we request from you, please contact the LiteBit representative asking for the information, or Contact us (see below), with your query.
As a rule, we store your personal data for as long as necessary for the purpose for which the data were collected, as described in this Statement. We will retain your account information for the duration of 7 years after last active action. The information you provide during a verification procedure will also be retained for the duration of 7 years after last active action. We can retain data longer if we are required by law to do so. After the retention period is finished or the data is no longer necessary for the purpose for which the data were collected, the personal data will be deleted.
If you fill out a contact form on the website, the data you provide will be retained for as long as is necessary depending on the nature of the form or the content of your email, to fully answer and correctly handle your message or email. We can retain data longer if we are required by law to do so.
To notify you through a price alert of a certain coin we will retain your e-mail address for the duration of 7 years after last active action.
4.1 We may disclose your personal data where we have obtained your consent or where it is reasonably necessary for the various purposes set out above:
4.2 These disclosures may involve transferring your personal information overseas. If you are dealing with us within the European Economic Area (or the UK, after it has left the European Economic Area), you should be aware that this may include transfers to countries outside the European Economic Area / UK, which do not have similarly strict data privacy laws. In those cases, where we transfer personal data to other members of the LiteBit group or our service providers, we will ensure that our arrangements with them are governed by data transfer agreements or mechanisms, designed to ensure that your personal information is protected on the same level (including, where appropriate, under an agreement on terms approved for this purpose by the European Commission). Please contact us (see below) if you would like to know whether any such agreements are in place or, if so, to see a copy.
5.1 We take appropriate technical and organizational security measures to protect your personal data. We take the following measures in particular:
This Statement is not applicable to third-party websites connected to this website through links. We cannot guarantee that these third parties will handle your personal data in a secure and careful manner. We recommend that you read these websites' privacy statements before making use of these websites.
We reserve the right to modify this Statement. We recommend that you review this Statement regularly, so that you remain informed of any possible changes.
8.1 You have certain rights involving the processing of your data:
Of course, we will also, gladly, help you if you have any complaints about the processing of your personal data. Based on privacy legislation, you have the right to lodge a complaint with the relevant national data protection authority, responsible for the protection of personal data (this is the ‘Autoriteit Persoonsgegevens’ for the Netherlands) against our processing of your personal data.
When you visit our site www.litebit.eu and/or use our mobile applications, we may obtain information about you by using a "cookie", which is a small file transferred by a website and stored on your device (such as your computer, mobile phone, tablet, etc.). Cookies could contain personal information about you that is transferred to your device. They help us to improve our website and to deliver a better and more personalised service. Some of the cookies we use are essential for the site to operate. You can read more about what cookies we use, for what purpose and how to accept or reject them in LiteBit’s Cookie Statement.
In case you, after reading our Privacy- and Cookie Statement, still have questions and/or suggestions you can contact us via the below stated contact data or by our contact page.LiteBit.eu