It is the goal of Boosted Bit B.V., De Laan 3, 6611HA Overasselt, The Netherlands (“Boosted Bit”), to help users enter and navigate the cryptocurrency space, and provide tools to help users make their own sound decisions relative to growing their wealth. Services are intended for medium- and long-term investors.
2.1 Asset allocation
Boosted Bit uses dynamic, proprietary algorithms to
define and perform portfolio allocation, based on user input. Manual trades or transactions
conducted by users may limit Boosted Bit's account monitoring
and reporting ability.
2.2 Fund deposits and withdrawals
Users are responsible for depositing and withdrawing funds to/from their account,
however Boosted Bit will provide clear instructions on how to do so.
2.3
Account monitoring and reporting
Boosted Bit will continuously monitor user accounts and provide users with
a monthly dashboard with easy-to-understand portfolio and performance details.
3.1 Fee structure
Boosted Bit offers different plans: freemium, and
performance fee. The freemium plan is totally free and offers limited functionality.
If
you choose the performance fee plan, you pay a one-off set-up
fee of Eur 59, after which we won't charge you anything until you hit 10% profit. The
moment that happens Boosted Bit will charge you a 15% performance fee over the
realized gains, and the baseline is set to the portfolio value.
For example: you invest Eur 5,000 and after a while your portfolio is worth Eur 5,500 (10%
profit). You will receive an invoice for the amount of Eur 75 (500 profit * 15%), and the
baseline is set to Eur 5,500. To hit 10% again,
your portfolio needs to reach Eur 6,050 (5,500 + 10%).
Our customers especially like the no-profit-no-pay model as it means that
Boosted Bit only gets paid if the customer wins. We like this also!
3.2
Promotions
Boosted Bit reserves the right to apply
promotional discounts to the fees listed under 3.1. This is completely at
Boosted Bit’s discretion.
3.3 Other fees
Boosted Bit does not charge any additional or
hidden fees. For any transaction or trading fees that may be charged by cryptocurrency exchanges
and/or banks, users accept full responsibility.
4.1 Infrastructure
Boosted Bit is powered by Google Cloud. Google Cloud
helps reducing the cost, complexity, and risk associated with security and compliance in the
cloud.
4.2 Exchanges
Boosted Bit thoroughly vets its partners and only works with major
“top-10” exchanges. User funds remain on their personal exchange account and interactions
between Boosted Bit and user accounts are performed by means of
customer owned API keys. API access is limited, hence in the unlikely event of a security
breach, no fund withdrawal can take place.
5.1 Financial advice
Boosted Bit does not provide financial advice.
Boosted Bit is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst,
Bank, Securities Broker, Commodity Trade Advisor, or Financial Planner.
The information provided, such as optimal fund allocation, is based on user input and for
information purposes only. The Information is not intended to be and does not constitute
financial advice or any other advice, is general
in nature and not specific to you. Before using Boosted Bit, users should seek the
advice of a qualified investment professional and undertake their own due diligence.
Boosted Bit is not responsible for any investment decision made
by users.
5.2 Warranties
Boosted Bit disclaims to the full
extent authorized by law any and all warranties, whether express or implied, including, without
limitation, any implied warranties, merchantability
or fitness for a particular purpose. Boosted Bit does not warrant that its services
and applications will be free of bugs, errors, viruses or other defects, nor that trade results
will be profitable.
5.3 Liability
In no event can Boosted Bit
or any of its owners be liable to users or any party related to users for any indirect,
incidental, consequential, special, exemplary, or punitive damages, lost profits, or losses,
even if Boosted Bit
has been advised of the possibility of such damages. In any event, Boosted Bit’s
total aggregate liability to users for all damages of every kind and type (regardless of whether
based in contract or tort) shall not exceed the fees
paid to Boosted Bit for the use of our services or applications.
Investing in any asset class, including crypto currencies, holds numerous risks, for example:
technology risks, exchange risks, security risks, regulatory risks. Before deciding to leverage
Boosted Bit services, users should carefully
consider their investment objectives and risk appetite. The possibility exists that users lose
some or all of their initial investment and therefore no money should be invested that users
cannot afford to lose.
As with
any market, for a transaction to happen it requires a seller, a buyer, and a price agreement.
Loss-limiting strategies such as stop-loss orders may not be effective because market conditions
or technological issues may make it
impossible to execute stop-loss orders. Boosted Bit is not responsible for any losses
incurred as a result of using Boosted Bit’s advisory services.
Boosted Bit is fully compliant with GDPR (General Data Protection Regulation), an EU regulation enforceable as of May 25, 2018. Boosted Bit stores the minimum possible amount of user data necessary to deliver its services. Stored user data includes: name, date of birth, country of residence, email address, and exchange API keys (encrypted). User data will never be shared with any third party before explicit user consent. Users have the right for their user data to be forgotten, which can be requested over email.
The User understands and agrees to the preceding sections. The User also agrees to the following: