Privacy Policy
Last updated: January 23, 2025
1. Introduction
At Coins Vaults, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our platform.
1. Information We Collect
1.1 Personal Information
- Country of residence
- Proof of address
1.2 Financial Information
- Payment information
- Cryptocurrency wallet addresses
- Transaction details
- Investment history
1.3 Automatically Collected Information
In addition to the technical information already listed, we also collect:
- Usage patterns and preferences
- Time spent on different platform features
- Interaction details with liquidity pools
- Performance metrics and analytics data
1.4 Third-Party Data
We may receive additional information from:
- Blockchain data providers
- External wallet providers
- Identity verification services
- Payment processors
3. How We Use Your Information
We use your information for the following purposes:
- Account creation and maintenance
- Identity verification and KYC compliance
- Processing transactions and managing investments
- Providing customer support
- Sending important updates and notifications
- Improving our services and user experience
- Preventing fraud and maintaining security
- Complying with legal obligations
4. Data Security
We implement robust security measures to protect your information:
- End-to-end encryption for data transmission
- Secure storage with industry-standard encryption
- Regular security audits and updates
- Access controls and authentication measures
- Continuous monitoring for suspicious activities
5. Data Sharing and Disclosure
We may share your information with:
- Regulatory authorities for compliance purposes
- Third-party service providers who assist in our operations
- Financial institutions for processing transactions
- Law enforcement agencies when required by law
6. Your Rights
You have the right to:
- Access your personal information
- Request corrections to your data
- Delete your account and associated data
- Opt-out of marketing communications
- Request data portability
- Lodge complaints with relevant authorities
7. Cookies and Tracking
We use cookies and similar technologies to:
- Maintain your session and preferences
- Analyze platform usage and performance
- Enhance security measures
- Improve user experience
8. International Data Transfers
Your information may be transferred and processed in countries outside your residence. We ensure appropriate safeguards are in place for such transfers.
9. Children's Privacy
Our services are not intended for users under 18 years of age. We do not knowingly collect information from children.
10. Changes to Privacy Policy
We may update this Privacy Policy periodically. Users will be notified of significant changes via email or platform notifications.
11. Contact Information
For privacy-related inquiries, please contact us at:
- Email: privacy@coinsvaults.com
- Phone: +254768 034767
4. Data Retention
We retain your information for as long as necessary to:
- Fulfill the purposes described in this policy
- Comply with legal and regulatory obligations
- Resolve disputes and enforce agreements
- Maintain platform security and integrity
When your data is no longer needed, we securely delete or anonymize it according to our data retention schedule.
5. Security Measures
In addition to our existing security measures, we implement:
- Multi-factor authentication (MFA) for account access
- Regular security audits and vulnerability assessments
- Advanced intrusion detection and prevention systems
- Employee security training and access controls
- Secure data backup and disaster recovery procedures
While we implement robust security measures, no system can guarantee 100% security. Users are responsible for safeguarding their account credentials and implementing recommended security practices.
6. Cookies and Tracking Technologies
6.1 What Are Cookies?
Cookies are small data files stored on your device to improve your experience and enable certain platform functionality.
6.2 Types of Cookies We Use
- Essential Cookies: Required for basic platform functionality and security
- Analytical Cookies: Help us understand usage patterns and improve our services
- Functional Cookies: Remember your preferences and personalize your experience
- Performance Cookies: Monitor and optimize platform performance
6.3 Managing Cookies
You can control or disable cookies through your browser settings. Note that disabling certain cookies may impact platform functionality.
8. Third-Party Links
Our platform may contain links to external websites or services. We are not responsible for the privacy practices of third parties, and we encourage you to review their policies before providing any information.
9. International Data Transfers
Your information may be transferred to and processed in countries outside your jurisdiction. We ensure appropriate safeguards are in place for international transfers, including:
- Standard contractual clauses
- Data processing agreements
- Compliance with local data protection laws
- Regular audits of data transfer mechanisms