Retention and Storage of Data
At CryptoWallet, we maintain records related to customer accounts, activities, and transactions to provide our services and ensure legal compliance. Here’s what you need to know about how we handle your data:
- Types of Records: We store information primarily through digital means, though some records may also exist on paper.
- Purpose of Data Retention: These records help us offer our services, handle user queries, and comply with legal requirements.
Data Retention After Account Termination:
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Marking Terminated Accounts:
- When you terminate your account, it will be marked as “Terminated” in our database.
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Retention Period:
- We will retain your account information for a minimum of five years. This helps us prevent fraud and comply with local and international laws regarding money laundering.
- In certain cases, we may retain data for over ten years for tax, bookkeeping, and regulatory purposes.
Data Protection Measures:
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Personal Data:
- We only collect data necessary for our operations that apply to our legal requirements and avoid collecting unnecessary information.
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Minors:
- We do not process information from individuals under the age of 18.
For more detailed information and your rights regarding the purpose of data collection and storage, please refer to our Privacy Policy.
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