Terms of Service for The Bitcoin Adviser
Terms of Service for The Bitcoin Adviser
By engaging with The Bitcoin Adviser and using the bitcoin adviser key, you (the "Client") agree to the following terms and conditions. This agreement outlines the scope of services, client responsibilities, fee structures, and other important aspects of our advisory relationship.
Client Acknowledgement, Authority, and Disclaimer
Definitions
"Bitcoin" refers to a digital currency where transaction records are maintained, and new units are generated through computational solutions of mathematical problems, operating independently of a central bank.
Nature of Guidance
The Bitcoin Adviser provides guidance to help clients understand Bitcoin but does not offer financial advice or purchase recommendations. All decisions related to Bitcoin purchases are at the Client's discretion.
The Bitcoin Adviser assists clients in understanding the purchase processes on various exchanges until they are confident to proceed independently.
Regulation & Risk Disclosure
As of 1st January 2024, Bitcoin is not recognized as a Financial Product under specific global regulations. The value of Bitcoin fluctuates, and the Client acknowledges the inherent risks, including potential appreciation and depreciation in value. Bitcoin is not backed by any government regulation.
Client's Authorization
By engaging our services, the Client authorises The Bitcoin Adviser to provide guidance on Bitcoin-related matters. The Client assumes all risks associated with Bitcoin ownership and trading.
Disclaimer of Liability
The Client waives the right to make any claims against The Bitcoin Adviser for any loss related to Bitcoin dealings or reliance on advice provided.
Referral Program Option. Any client of The Bitcoin Adviser (the "Client") may elect to become a referral partner, participating in our referral program without the need for a separate referral agreement. By choosing to participate, the Client agrees to the following terms:
Referral Fee: For each successful referral (defined as a referral that results in a client purchasing The Bitcoin Adviser’s services), the Client will receive a referral fee equivalent to 10% of the revenue received from the referred client in the previous quarter. Payments will be made in Bitcoin at the end of the month following the quarter in which the revenues were received.
Ongoing Payments: Referral fee payments will continue in perpetuity, unless:
This agreement is terminated,
The Bitcoin Adviser’s business closes, or
The Bitcoin Adviser’s business is sold.
Client Responsibilities: The Client agrees to conduct all referral activities in good faith and in the best interests of The Bitcoin Adviser.
Client Identification: The Client must provide 100 points of identification in accordance with Australian law to receive referral payments.
No Authority Over Client Relationships: All clients referred under this program remain clients of The Bitcoin Adviser. The Client acting as a referrer has no rights or authority over these relationships.
Bitcoin Advisory Services
Services Provided
Market Analysis: Ongoing expert advice on the Bitcoin market landscape.
Insights: Regular updates and briefings from global Bitcoin experts.
Custody & Security Advisory: Continuous updates on best practices for custody and security of digital assets, including cold storage, digital wallets, exchange recommendations and setup, two-factor authentication, multi-key digital vaults, and secure key storage.
Verification: Regular key and custody verifications to ensure the integrity of your holdings.
Accountant Briefing: Liaison with your accountant to address audit queries and provide necessary information for verifying audit trails and account balances.
Fee Structure
First 4 Years: An annual fee of 1% (excluding GST) of your Bitcoin holdings, calculated based on the end-of-month balance.
Next 4 Years: An annual fee of 0.75% (excluding GST) of your Bitcoin holdings.
Third Cycle & Beyond: An annual fee of 0.5% (excluding GST) of your Bitcoin holdings.
Fees are billed quarterly in arrears and are payable in Bitcoin within seven days of invoicing.
Client Identification Requirement
To ensure that The Bitcoin Adviser can accurately verify and authorise any required transactions on behalf of the Client, the Client must complete DocuSign ID Verification. Failure to complete this step may prevent The Bitcoin Adviser from being able to sign a transaction for the Client.
Termination Policy
This agreement can be terminated by either party with 30 days' written or emailed notice.
Early termination penalties apply within the first four years:
First year: 4%
Second year: 3%
Third year: 2%
Fourth year: 1%
After the fourth year, termination requires a standard 1-month notice period with no penalty.
Verification of Client Death
In the event of the Client's death, The Bitcoin Adviser will undertake a thorough verification process, which may include obtaining a certified copy of the death certificate and communicating with the executor or legal representative of the estate. This process must be completed within 60 business days, with possible extensions up to two years for valid reasons. Any associated costs will be payable by the Client's estate.
Duress Clause
All actions and decisions by the Client concerning this contract must be made voluntarily and of the Client's own free will. Decisions made under duress or legal compulsion will not be recognized as binding.
The Bitcoin Adviser reserves the right to disregard any directive believed to be made under duress.
The Client may be asked to provide evidence that their decisions are made voluntarily.
The Bitcoin Adviser is not liable for actions taken based on decisions believed to be made under duress.
Decisions made by the Client during any period of legal incapacity will not be binding.
Commencement
To commence this agreement, the Client must engage with The Bitcoin Adviser and use the bitcoin adviser key.
Billworth Pty Ltd trading as The Bitcoin Adviser, ABN 12 671 043 904.
Level 1, 377 New South Head Road, Double Bay, NSW. Australia.
Email: contact@thebitcoinadviser.com
This agreement shall be governed by and construed in accordance with the laws of New South Wales, Australia, and the parties submit to the jurisdiction of the courts of New South Wales, Australia, for the resolution of any disputes arising under this agreement.
Disclaimer: This document is intended to provide general advice only. We recommend you seek independent professional advice before making any financial decisions.