Beaver Bitcoin (beaverbitcoin.com) is a non-custodial bitcoin buying platform operated by Dam Good Money Corp. (“we”, “us”, “our”, or “Beaver Bitcoin” in this agreement), a Canadian federal corporation headquartered in Toronto and registered with the Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”) as a money transfer service provider and a virtual currency dealer (#M21577275).
Beaver Bitcoin provides to its customers (“you” or “your”) who enter into this agreement, the following service (the “Service”). The Service includes: a non-custodial platform to i) buy bitcoin via Interac E-Transfer (“Smash Buy”); ii) buy bitcoin automatically on a recurring (e.g. weekly) basis (“Recurring Buy”).
We provide the Service through our website (beaverbitcoin.com), emails and customer support tools, which we collectively refer to as the “Beaver Bitcoin Platform”.
Beaver Bitcoin reserves the right to fulfill some or all of its obligations under this agreement through one or many third parties, and the use of “Beaver Bitcoin” throughout this agreement may include these third parties.
In order to provide the Service, Beaver Bitcoin connects your bank account with a service provider with a pre-authorized debit functionality (“Service Provider”).
By having access to your Bank Account, we nor the Service Provider gain no right, title interest or property in your Bank Account, or the funds held within it, other than for the purposes set out in this Agreement, namely, withdrawing funds to fulfill your recurring bitcoin purchase, valued in CAD, as determined by you.
When you sign up for the Service, you must open an account that will serve as your point of access to the Service (the “Account”). You shall not allow any third party to use your Account and you shall not use your Account for the benefit of any third party. You must not share your Account credentials with anyone else.
As a customer of Beaver Bitcoin, you are entirely responsible for the security and storage of bitcoin purchased from Beaver Bitcoin and will not hold Beaver Bitcoin accountable for the loss or theft of your bitcoin.
You are required to use your own non-custodial Bitcoin wallet when transacting with Beaver Bitcoin in order to receive the bitcoin you purchase via the Beaver Bitcoin Platform.
You may not reverse funds transferred to Beaver Bitcoin or perform charge-backs without seeking authorization from Beaver Bitcoin.
Beaver Bitcoin may restrict your access to the Service or your Account at any time.
You may only sign up for and use the Beaver Bitcoin Platform if you meet the following qualifications as an individual:
If at any time you no longer meet the listed qualifications then you shall cease using the Beaver Bitcoin Platform and inform us promptly. Furthermore, by entering into this agreement you are consenting to Beaver Bitcoin making inquiries with third parties, including credit bureaus, to verify the information that you supply as part of opening an Account.
Persons residing in the U.S., Europe, Asia or any place other than Canada are not permitted to use the Service.
The CAD/BTC exchange rate offered to you on the Beaver Bitcoin Platform is determined by us at our discretion based on the rate we receive from our liquidity provider partners.
i) The rate you receive on your Smash Buy (the price of Bitcoin in CAD) is displayed in your Transfers tab feed. This rate will display after we have exchanged your CAD for Bitcoin, and subsequently delivered the bitcoin to the Bitcoin wallet address you have provided to us.
ii) The rate you receive on your Recurring Buy (the price of Bitcoin in CAD) is displayed in your Purchases feed. This rate will display after we have exchanged your CAD for Bitcoin, and subsequently delivered the bitcoin to the Bitcoin wallet address you have provided to us. All customers who purchase bitcoin on any given day will receive the same CAD/BTC exchange rate.
In providing the Service, Beaver Bitcoin may charge you fees which may include (but are not limited to): a small transaction fee (usually a percentage) for the purchase of Bitcoin on your behalf; a flat fee for the delivery of your bitcoin to your personal Bitcoin wallet address; an amount equal to the fee charged by our payment service provider for the direct debit of your account (where the Service Provider charges us directly and does not debit the fee from your Bank Account); a fee to settle any costs associated with disputes lodged by the customer or any third party including but not limited to transaction disputes.
You shall at all times:
You agree that you use the Beaver Bitcoin Platform at your own risk.
To the maximum extent permitted by law, you agree to indemnify, defend and hold harmless Beaver Bitcoin from and against all claims, demands, actions, suits, proceedings, liabilities, losses, damages, penalties, fines, expenses and costs (including reasonable legal costs and expenses awarded by a court) which result from or relate to: