Privacy Policy
This Privacy Policy explains how UBIT (“we”, “us” or “our” as the case may be) collects, stores, uses and manages information that you provide to us or that we receive from you while visiting our website.
By providing us with information and using our website, you agree to this Privacy Policy and the processing of your information, including your personal data, in the manner specified in this Policy.
If you do not agree to the terms of this Policy, please do not use our website.
1. Definitions
"Terms" means the UBIT Terms of Use, including Appendix A “Important notification”.
“User”, "you” is a person using our website.
“Website" means a website located at the domain address, including subdomains, program code, related technologies, know-how, databases and design.
"Personal Data" is information or a collection of data that can be used to identify you as an individual, for example, first and last name.
"Usage Data" means non-personal information about your use of the Website, which by itself or in combination with other similar information cannot be used to identify your identity.
"Information" generally means any Personal Data, Usage Data, data that you have made publicly available and/or any other protected or publicly available information.
2. Personal data
In order to use the Website, it is necessary to go through the KYC procedure in accordance with the UBIT KYC Policy, for various purposes mentioned further in this Policy, we may process and/or collect the following Personal Data (for example):
  • First and Last Name;
  • Email address;
  • Address;
  • Date of birth;
  • Identity card, documents confirming residence and source of funds (for example, copies of passport/ID card and utility bills) and data contained in these documents (for example, home or other physical address, phone/mobile phone number, gender).
  • You can refuse to provide Personal Data, and in this case we will not be able to provide you with some or all of our services and products.
3. Usage data
In order for you to access and use the Website, we collect Usage Data from your computer, mobile device and browser while using the Website.
We (using Google Analytics and/or other analytics services) automatically collect Usage Data, such as (for example):
  • Your IP address;
  • The type of device you are using;
  • ID and serial numbers of your device;
  • Browser type, version and language;
  • Type and version of your operating system;
  • The number and frequency of visits to the Website.
We also collect and record all Internet communications, information about transactions that you conduct through the Website, detailed information about your actions and information about your visits to the Website.
4. Cookies and other accounting technologies
A cookie is a small piece of text sent to your browser by a website that you visit. It helps the site to remember information about your visit. This will help make your next visit to the site easier, and the site itself more useful for you.
We use both session cookies and persistent cookies. A permanent cookie remains after the browser is closed. Persistent cookies may be used by your browser on subsequent visits to the Website. Persistent cookies can be deleted by following the instructions of the help file in the web browser. Session cookies are temporary and usually disappear after the browser is closed.
We use our own cookies (first party cookies):
  • To remember your choice regarding the use of cookies on the Website.
  • To find out when you visit the Website.
  • To remember your preferences.
  • To follow the security measures.
In addition, we work with reliable companies that can use their cookies when using the Website (third-party cookies). Third-party cookies are used, for example, to count the number of visitors to a certain page of a Website, which helps us analyze how the Website is used (for example, Google Analytics cookies). We use this information to compile reports and to improve the site. Cookies collect information anonymously, including information about the number of visitors to the Website, where they came from and which pages they visited.
Most web browsers allow you to control most cookies through your browser settings. You can reset your web browser settings to refuse all cookies or specify when cookies should be sent. However, some functions of the Website may not work properly if the ability to receive cookies is disabled.
If you decide to use the Website without blocking or disabling cookies, you consent to the use of these cookies and our use (in accordance with these terms) of any information that we collect using these accounting technologies. If you do not agree to the use of cookies, be sure to block them or disable them.
We do not use cookies to store Personal Data.
We also use local storage. Local Storage - This technology is an industry standard and allows us to store information locally on your computer or mobile device. We may use local storage to store information about your preferences or your authorization data.
5. Using Google Analytics and similar Third-party Services
We use Google Analytics to collect information about the use of the Website. Google Analytics collects information about, for example, how often users visit the site, which pages, when they do so, and which other sites were used to navigate to the Website. We use the information we receive from Google Analytics only to improve the Website. Google Analytics collects only the IP address assigned to you on the day you visit the Website, and not your name or other identifying information. We do not combine the information collected by Google Analytics with your Personal Data. Although Google Analytics sets a permanent cookie in your web browser to identify you as a unique user the next time you visit the Website, this cookie cannot be used by anyone other than Google. Google's ability to use and share the information collected by Google Analytics about your visits to this site is limited by the Google Analytics Terms of Use and Google's Privacy Policy.
Google Analytics uses cookies to determine user sessions, which allows you to collect data about how visitors use the Website. For data analysis, Google Analytics uses only first-party cookies. This means that cookies are associated with a specific website domain name, and Google Analytics will only use these cookies for statistical analysis related to your browsers on a particular website. According to Google, the collected data cannot be changed or restored by the service services of other domains.
You can prevent Google Analytics from recognizing you on subsequent visits to the Website by disabling cookies in your browser. To opt out of Google Analytics tracking on all sites, visit the Google Analytics Opt-Out page.
We can use other analytics tools that have similar functionality to Google Analytics.
6. Why we collect information
The information is used for:
  • Processing payments, providing you with the opportunity to use the Website and its functionality;
  • Setting up, operating and managing your account;
  • Identification and verification;
  • Monitoring your transactions in order to prevent fraud, money laundering and fraud;
  • For analytical and statistical purposes;
  • In order to ensure your smooth interaction with the Website;
  • Understanding your interaction with the Website;
  • Website Security;
  • Improving and developing the Website or our other services and products;
  • For legal and regulatory reasons, including ensuring compliance with this Policy and Terms;
  • Providing you with personalized information, including advertising data, special offers, confirmations, newsletters, updates and security warnings.
Using your name and email address, we sometimes send you alerts or information about products, bonuses and promotions related to our services. You can opt out of these alerts at any time.
7. How long do we store information
The time periods during which we store your information depend on the purposes for which we use it. We will store your information for as long as you are a user and, after that, no longer than is necessary for reporting and reconciliation purposes in accordance with legal requirements, as well as to provide you with any feedback or information that you may request or require.
8. Your consent
You expressly consent to the collection, processing, transfer, storage, disclosure and other uses of your information by us, as described in this Policy and Conditions, when:
  • When you register with us;
  • Provide us with information through the Website;
  • Watch and use the Website.
  • In addition, by using and interacting with the Website, you specifically agree that we (or our suppliers or contractors):
  • We collect information by automatic means, such as cookies, local storage or through the intended functionality of the Website, as well as its processing and use in accordance with this Policy and Terms;
  • We transfer and process your Personal Data outside the European Economic Area;
  • We store and transfer your Personal Data to where we or our suppliers have the ability to service and the necessary conditions for this.
9. Disclosure of information
We may disclose information about your use of the Website:
  • To provide you with the services and functionality of the Website;
  • If it is specified in the Conditions;
  • When we believe in good faith that such disclosure is appropriate in order to comply with applicable law, legal norms, judicial process, as well as in the case of a government request (for example, in accordance with a regulatory requirement, subpoena, warrant or court order);
  • In order to detect, prevent and investigate the case of fraud or money laundering;
  • To ensure compliance with this Policy and/or Conditions;
  • To identify, prevent or eliminate in any way possible a security problem or technical problem;
  • To protect against abuse or illegal use of the Website;
  • To protect the rights, security or property of Users or any other third parties;
  • In the event that we reasonably assume that a situation requiring disclosure is associated with a risk of death or injury to any person;
  • In other cases provided for by this Policy and Conditions.
10. To whom we share information
We may share the information we collect only in the cases specified in this Policy and/or the Terms.
We do not share Personal Data provided by you through third parties, with the exception of our associates or subsidiaries, as well as service providers or other contract providers who assist in our business operations, such as payment processing, compliance and user verification, fraud investigation, information management and analytics. Such providers are required not to disclose your Personal Data, and they are allowed to use it only as necessary to provide their services to us. We may also request and send your Personal Data to agencies, security organizations and any other third parties to prevent fraud and money laundering.
11. Personal Data Protection
We will take commercially reasonable precautions to protect Personal Data from loss, misuse and unauthorized access, disclosure, alteration and destruction. We process all information using technologies that are industry standard.
We apply the following administrative, technical and physical measures to protect Personal Data:
  • Administrative measures. Access to your Personal Data is restricted through access only by authorized personnel who have a legitimate need to access information based on their job descriptions. If third-party contractors process Personal Data on our behalf, similar requirements and restrictions apply.
  • Technical measures. Personal data is transmitted in encrypted form using SSL technology. We use the latest firewall protection and high-quality software to fight viruses and malware.
  • Physical measures. Access to personal data via the Internet is not allowed, except in cases of using an encrypted virtual private network. We store Personal Data on servers provided by third-party hosting providers with whom we have contractual relations.
12. Business and Asset Transfer
In the event that we, our business or our assets have been transferred, sold or merged with another business, the information may become one of the transferred assets, and we will not be required to notify you or obtain your consent to transfer the Information.
13. Making changes
We reserve the right, at our sole discretion, to enforce, modify or revise this Policy at any time by posting the Policy or any changes on the Website. The Policy or any changes will take effect immediately after the publication of the revised Policy. If we make any significant changes to the Policy, we will make reasonable efforts to notify you by email or by posting a notice on the Website.
We recommend that you review this Policy every time you visit the Website to make sure that you know and understand the terms of the latest version of the Policy. Your continued use of the Website means that you agree to any new and amended terms.
14. Changing or updating your Personal Data
We take reasonable steps to ensure that all Personal Data we receive from you is accurate, complete and up-to-date. However, we rely on you to inform us of any changes to your Personal Data.
Please log in to your account or contact us as soon as possible if your Personal Data has undergone any change, or if you believe that the Personal Data we have about you is not accurate, complete or up-to-date, so that we can update your records accordingly.
15. Privacy Requests
If for any reason you are concerned about how we may use your Personal Data, or you have questions regarding the privacy of Website data, please contact us by email