These Terms of Service and any amendments and restatements hereof (the “Agreement”) form a legal
agreement covering the provision of services from Paragon Bank to you, including
offering a marketplace to enable buyers and sellers of “Digital Assets” (such term to be broadly
understood to include digital currencies such as Bitcoin, Tether, and others, supported by a MCB
Metropolis Capital Bank wallet) to engage in transactions with each other (the “Marketplace”),
offering hosted digital wallet services, holding and releasing Digital Assets as instructed upon
completion of a purchase of Digital Assets and any other services described in this Agreement
(collectively the “Services” and individually, a “Service”) provided by Paragon Bank
, Inc. and all of its affiliates, including but not limited to Paragon Bank UK,
Inc.(collectively, “Paragon Bank ” or “we” or “us” or the “company”) to you as an
individual (also referred to as a “user” or “you”). Paragon Bank.ltd and its related
Services are owned and operated by Paragon Bank . Your use of the Services will be
governed by this Agreement, along with our Privacy Policy, Cookie Policy, and E-Sign Consent
available in our documentation page.
Paragon Bank also offers hosted digital wallet services through a leading global
digital asset wallet provider. Our worldwide userbase is able to post offers to either buy or sell
Digital Assets in a variety of convenient methods. The creator of the offer is responsible for
listing terms of the transaction, including the payment methods the Seller will accept. Once an
offer is selected by another Paragon Bank user, the Seller’s Digital Assets are
locked as part of our transaction procedures (which we refer to as “Paragon Bank
Escrow”) until all conditions necessary to consummate the transaction have occurred. The sale is
complete and Digital Assets are unlocked and released to the Buyer by the Seller once the Buyer has
completed the terms of the transaction and payment has been confirmed valid and received by the
Seller. Paragon Bank DOES NOT ACT AS A PAYMENT PROCESSOR. ALL LIABILITY FOR SENDING
AND RECEIVING PAYMENT AND CONFIRMING THE VALIDITY OF THE TRANSACTIONS LIE BETWEEN THE BUYER AND
SELLER. The Digital Assets we lock are released back to the Seller if the Buyer chooses to cancel
the transaction. The Seller may not cancel the transaction at any point. The Seller only has the
option to unlock the Digital Assets and release it to the Buyer. This is for the security protection
for the Buyer. Should a Seller need to cancel the transaction due to a Buyer not following the terms
of the transaction, they must start a dispute and provide a reason for doing so as further described
in Section 8 of this Agreement. Transactions on our Website are conducted between the Buyers and
Sellers. Accordingly, Paragon Bank is not a party to any transaction. The hosted
digital currency wallet service provided by Paragon Bank is a secure method of
storing, sending, and receiving digital currency. Paragon Bank does not store or
custody any Digital Assets. Digital Assets are always stored on its respective networks or
blockchains. All digital currency transactions occur within the digital currency network, not on MCB
Metropolis Capital Bank . There are no guarantees that the transaction will process on the digital
currency network. Paragon Bank reserves the right to refuse to process any
transaction if required by law or if we deem the transactions to be against our terms and conditions
in this Agreement. You hereby accept and acknowledge that you take full responsibility for all
activities that occur under your wallet and accept all risks of any authorized or unauthorized
access to your wallet, to the maximum extent permitted by law.