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Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like dollars or euros), cryptocurrencies operate on decentralized networks based on blockchain technology. Here’s a basic overview of how cryptocurrency works: 1. **Blockchain Technology**: Most cryptocurrencies rely on a blockchain, which is a distributed ledger technology. This ledger records all transactions across a network of computers in a secure and transparent manner. Each block in the chain contains a list of transactions, and new blocks are added to the chain as transactions occur. 2. **Decentralization**: Cryptocurrencies are typically decentralized, meaning they are not controlled by a single entity or government. Instead, they operate on a network of computers (nodes) that work together to maintain and verify the blockchain. 3. **Cryptography**: Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. This includes public and private keys, which are used to sign transactions and ensure that only the owner of the private key can access their funds. 4. **Mining**: For many cryptocurrencies, new transactions are validated and added to the blockchain through a process called mining. Miners use computational power to solve complex mathematical problems, which helps secure the network and create new coins as a reward for their work. 5. **Wallets**: To store and manage cryptocurrency, users use digital wallets. These can be software-based (online or mobile apps) or hardware-based (physical devices). Wallets store the public and private keys needed to access and manage cryptocurrency. 6. **Transactions**: When a cryptocurrency transaction is made, it is broadcast to the network and verified by nodes. Once validated, the transaction is added to the blockchain. Transactions are typically irreversible and pseudonymous, meaning they are linked to digital addresses rather than personal identities. 7. **Smart Contracts**: Some cryptocurrencies, like Ethereum, support smart contracts—self-executing contracts with the terms directly written into code. These contracts automatically enforce and execute agreements when certain conditions are met. Overall, cryptocurrencies aim to provide a decentralized and secure alternative to traditional financial systems, with applications ranging from digital payments to decentralized applications (dApps) and beyond.

What is cryptocurrency, and how does it function?

About Tsion+

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﻿Tsion+ Exchange ("we", "us", "our") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, and protect your information when you access our cryptocurrency exchange platform and associated services, including when you log in using&nbsp;Google Sign-In. By using our services, you consent to the data practices described in this policy. <hr><h2 style="">1.&nbsp;Information We Collect</h2>We collect the following types of information: <h3 style="">a.&nbsp;Information You Provide</h3><ul><li>Name, email address, and profile picture (via Google Sign-In)</li><li>Contact information (if entered manually)</li><li>Identification documents (for KYC verification)</li><li>Wallet addresses and transaction details </li></ul><h3 style="">b.&nbsp;Automatically Collected Data</h3><ul><li>IP address and device type</li><li>Browser type and access times</li><li>Usage activity on the platform</li><li>Cookies and session tokens </li></ul><hr><h2 style="">2.&nbsp;Google Sign-In Compliance</h2>If you use&nbsp;Google Sign-In, we collect and store only your:<ul><li>Google account display name</li><li>Google email address</li><li>Profile picture (optional)</li></ul>We&nbsp;do not&nbsp;collect your Google password or access any other parts of your Google account.<blockquote>Compliance Statement:&nbsp;We use Google Sign-In solely for secure user authentication, in accordance with&nbsp;<a href="https://developers.google.com/terms">Google’s OAuth and API Services policies</a>.</blockquote><hr><h2 style=""> </h2><h2 style="">3.&nbsp;How We Use Your Information</h2>We use your information to:<ul><li>Authenticate and manage your account</li><li>Process trades and transactions</li><li>Comply with anti-money laundering (AML) and know your customer (KYC) obligations</li><li>Prevent fraud and unauthorized access</li><li>Improve and personalize user experience</li><li>Send important notifications (e.g. security updates, service changes) </li></ul><hr><h2 style="">4.&nbsp;Legal Basis for Processing</h2>We process your data based on:<ul><li>Your consent&nbsp;(e.g., for Google Sign-In)</li><li>Contractual necessity&nbsp;(to deliver our services)</li><li>Legal obligations&nbsp;(e.g., KYC/AML regulations)</li><li>Legitimate interests&nbsp;(to improve platform security and performance) </li></ul><hr><h2 style="">5.&nbsp;How We Share Your Data</h2>We do&nbsp;not sell&nbsp;your personal data. However, we may share it with:<ul><li>KYC/AML verification providers&nbsp;(e.g., identity checks)</li><li>Regulatory or law enforcement agencies&nbsp;(when legally required)</li><li>Third-party service providers&nbsp;(for technical support, hosting, etc.)</li></ul>All third parties are required to protect your data and use it only for specified purposes. <hr><h2 style="">6.&nbsp;Data Retention</h2>We retain your data:<ul><li>For as long as your account is active</li><li>As needed to comply with legal or regulatory obligations (e.g., 5 years for financial data)</li><li>For fraud prevention and dispute resolution</li></ul>You may request deletion of your account and personal data at any time, unless retention is legally required. <hr><h2 style="">7.&nbsp;Your Rights</h2>Depending on your location, you may have rights to:<ul><li>Access the data we hold about you</li><li>Request correction of inaccurate information</li><li>Request deletion of your personal data</li><li>Object to processing or request restrictions</li><li>Withdraw consent (e.g. for Google Sign-In)</li><li>Export your data (data portability)</li></ul>To exercise these rights, contact&nbsp;<a href="mailto:support@tsionex.com">support@tsionex.com</a>. <hr><h2 style="">8.&nbsp;Data Security</h2>We use industry-standard encryption, firewalls, and security protocols to protect your data.<ul><li>User passwords are encrypted</li><li>Google Sign-In is protected by OAuth 2.0</li><li>Two-factor authentication (2FA) is available for added security</li><li>Access to your data is restricted to authorized personnel only</li></ul>However, no online system is completely secure. You are responsible for keeping your login credentials safe. <hr><h2 style="">9.&nbsp;Cookies and Tracking</h2>We use cookies to:<ul><li>Maintain user sessions</li><li>Remember preferences</li><li>Analyze platform usage</li></ul>You can control cookies through your browser settings. Disabling cookies may affect your user experience. <hr><h2 style="">10.&nbsp;International Users</h2>By using Tsion Exchange, you consent to your data being transferred to and processed in countries where our servers or partners operate. We ensure adequate protections are in place for international transfers. <hr><h2 style="">11.&nbsp;Children's Privacy</h2>Our platform is not intended for users under the age of 18. We do not knowingly collect data from minors. If we discover such data has been collected, it will be deleted promptly.<hr><h2 style=""> </h2><h2 style=""> </h2><h2 style="">12.&nbsp;Changes to This Policy</h2>We may update this Privacy Policy periodically. Material changes will be communicated via email or platform notice. Continued use of the service constitutes your acceptance of the revised policy.<hr><h2 style=""> </h2><h2 style=""> </h2><h2 style="">13.&nbsp;Contact Us</h2>For questions, concerns, or data requests, contact:📧&nbsp;<a href="mailto:support@tsionex.com">support@tsionex.com</a> 🌐&nbsp;<a href="https://tsionex.com/">https://tsionex.com</a><hr>

<h1>Effective Date: January 1, 2025</h1>
Last Updated: June 10, 2025
Welcome to Tsion Exchange ("we", "our", "us"). These Terms and Conditions (“Terms”) govern your access to and use of our cryptocurrency trading platform, available at <a href="https://tsionex.com/">https://tsionex.com</a> (the “Platform”), including when signing in using Google Login.
By using the Platform, you agree to be bound by these Terms. If you do not agree with any part of these Terms, please discontinue use of our services. 
<hr>
<h2>1. Eligibility</h2>
To use Tsion Exchange, you must:
<ul>
<li>
Be at least 18 years old (or the legal age in your jurisdiction)
</li>
<li>
Have the legal capacity to enter into binding agreements
</li>
<li>
Comply with all local laws and regulations related to cryptocurrencies 
</li>
</ul>
<hr>
<h2>2. Google Sign-In Compliance</h2>
We offer Google Sign-In to simplify access to your account.
By using Google Login:
<ul>
<li>
You grant us access to your basic profile data (name, email address, profile picture)
</li>
<li>
We do not access your password or private Google account data
</li>
<li>
You are responsible for maintaining the security of your Google account
</li>
<li>
You agree to notify us immediately if you detect unauthorized access
</li>
</ul>
<blockquote>
Compliance Note: Tsion Exchange fully complies with <a href="https://developers.google.com/identity/protocols/oauth2">Google Identity Services policies</a> and only uses Google Login for user authentication.</blockquote> <blockquote>
</blockquote>
<hr>
<h2>3. Account Registration &amp; Security</h2>
<ul>
<li>
You agree to provide accurate, current, and complete information during registration
</li>
<li>
You are responsible for safeguarding your account credentials and login methods
</li>
<li>
Tsion Exchange is not liable for any loss resulting from unauthorized account access 
</li>
</ul>
<hr>
<h2>4. KYC &amp; AML Compliance</h2>
To comply with anti-money laundering (AML) and know your customer (KYC) laws, Tsion Exchange may require users to verify their identity. By using our services, you consent to:
<ul>
<li>
Providing identification and documents upon request
</li>
<li>
Undergoing verification checks by our compliance team or third-party providers
</li>
</ul>
Failure to complete verification may result in account limitations or closure. 
<hr>
<h2>5. Risks &amp; Disclaimer</h2>
Cryptocurrency involves inherent financial risks. You acknowledge that:
<ul>
<li>
Market prices are volatile and may result in partial or total loss
</li>
<li>
Transactions on the blockchain are irreversible
</li>
<li>
Tsion Exchange is not responsible for any investment decisions or outcomes
</li>
</ul>
You agree to conduct your own research before trading. 
<hr>
<h2>6. Fees &amp; Transactions</h2>
<ul>
<li>
Our fee structure is transparent and published on the Platform
</li>
<li>
All applicable fees will be deducted at the time of transaction
</li>
<li>
Blockchain network (gas) fees may also apply and are not controlled by Tsion Exchange 
</li>
</ul>
<hr>
<h2>7. Acceptable Use</h2>
You agree not to use Tsion Exchange for any unlawful purposes, including but not limited to:
<ul>
<li>
Money laundering or terrorist financing
</li>
<li>
Hacking, phishing, or scams
</li>
<li>
Trading in sanctioned regions or with sanctioned individuals
</li>
<li>
Violating intellectual property rights or local laws 
</li>
</ul>
<hr>
<h2>8. Privacy and Data Usage</h2>
We value your privacy and handle your data responsibly.
<ul>
<li>
We only collect information necessary to operate the Platform securely
</li>
<li>
Your data is stored and protected according to global best practices
</li>
<li>
We do not sell your personal data to third parties
</li>
</ul>
For more, read our <a href="https://tsionex.com/privacy-policy">Privacy Policy</a>. 
<hr>
<h2>9. Account Suspension or Termination</h2>
Tsion Exchange reserves the right to suspend or terminate accounts:
<ul>
<li>
Suspected of fraud or malicious activity
</li>
<li>
Failing KYC/AML checks
</li>
<li>
Violating these Terms
</li>
</ul>
We may do so with or without notice, depending on the severity of the issue. 
<hr>
<h2>10. Limitation of Liability</h2>
To the maximum extent permitted by law:
<ul>
<li>
Tsion Exchange is not liable for any indirect, incidental, or consequential damages
</li>
<li>
We are not responsible for losses due to system downtime, hacks, or third-party service failures 
</li>
</ul>
<hr>
<h2>11. Modifications to Terms</h2>
We may update these Terms at any time. Users will be notified of major changes via email or platform notification. Continued use of the Platform after changes constitutes acceptance of the revised Terms. 
<hr>
<h2>12. Governing Law</h2>
These Terms shall be governed by and interpreted in accordance with the laws of the Federal Republic of Nigeria, without regard to conflict of law principles.
Disputes will be resolved in the courts located in Lagos, Nigeria, unless otherwise required by law. 
<hr>
<h2>13. Contact Information</h2>
If you have any questions about these Terms, contact us:
📧 Email: <a href="mailto:support@tsionex.com">support@tsionex.com</a> 
🌐 Website: <a href="https://tsionex.com/">https://tsionex.com</a>
<hr>
<h2> </h2>

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Tsionex is a Crypto Currency Exchange Platform."