INFORMATION WE COLLECT

Explaining how our collection and the protection of your information is important to us. Information you provide to us at registration When you create an account with us, you provide us with personal information that includes your contact information (Email Address, name, and a password). You can also choose to add a phone number for SMS or Google Authenticator account to be used for 2FA verification for improved security. Information we collect when authenticating user identity To comply with global industry regulatory standards including Anti-Money Laundering (AML), Know-Your-Customer (KYC), and Counter Terrorist Financing (CTF), VeraExchange requires user accounts to undergo user identity authentication for both Personal & Enterprise-level accounts. This entails collecting formal identification. Information we collect as you use our services Service Usage Information Through your use of our VeraExchange platform, we also monitor and collect tracking information related to usage such as access date & time, device identification, operating system, browser type and IP address. This information may be directly obtained by US or through third party services. This service usage data helps us our systems to ensure that our interface is accessible for users across all platforms and can aid during criminal investigations. Transaction Information For all personal and enterprise user accounts, we collect transaction information including deposit snapshots, account balances, trade history, withdrawals, order activity and distribution history. This transaction data is monitored for suspicious trading activity for user fraud protection, and legal case resolution..

WHY DO WE COLLECT THESE INFORMATION?

To provide and maintain our services We use the information collected to deliver our services and verify user identity. We use the IP address and unique identifiers stored in your device’s cookies to help us authenticate your identity and provide our service. Given our legal obligations and system requirements, we cannot provide you with services without data like identification, contact information and transaction-related information. To protect our users We use the information collected to protect our platform, users’ accounts and archives. We use IP addresses and cookie data to protect against automated abuse such as spam, phishing and Distributed Denial of Service (DDoS) attacks. We analyse trading activity with the goal of detecting suspicious behaviour early to prevent potential fraud and loss of funds to bad actors. To comply with legal and regulatory requirements Respect for the privacy and security of data you store with VeraExchange informs our approach to complying with regulations, governmental requests and user-generated inquiries. We will not disclose or provide any personal information to third party sources without review from our legal case team and/or prior consent from the user. To measure site performance We actively measure and analyse data to understand how our services are used. This review activity is conducted by our operations team to continually improve our platform’s performance and to resolve issues with the user experience. We continuously monitor our systems’ activity information and communications with users to look for and quickly fix problems. To communicate with you We use personal information collected, like an email address to interact with users directly when providing customer support on a ticket or to keep you informed on log ins, transactions, and security. Without processing your personal information for confirming each communication, we will not be able to respond to your submitted requests, questions and inquiries. All direct communications are kept confidential and reviewed internally for accuracy. To enforce our Terms of Use and other agreements It is very important for us and our customers that we continually review, investigate and prevent any potentially prohibi ted or illegal activities that violate our Terms of Service. For the benefit of our entire user base, we carefully enforce our agreements with third parties and actively investigate violations of our posted Terms of Use. VeraExchange reserves the right to terminate the provision of service to any user found engaging in activities that violate our Terms of Use..