Version 2.0
Last revised date: September 20, 2025
Spot Trading Policy
This Trading Policy governs access and use of the Services (as defined in the Terms of Use) and procedures regarding the manner in which You can use the Company's Crypto Custody Wallet and Fiat Currency and Crypto being bought and sold by You on the electronic platforms, including the mobile application and/or website known as https://suncrypto.in and “Suncrypto,” collectively referred to as “Platform.” The Services (as defined in the Terms of Use) are being provided by and the Platform is operated by Angelic Infotech Private Limited, a company incorporated in India under the Companies Act, 2013 with Corporate Identification Number U74999RJ2021PTC077075 and registered with the Financial Intelligence Unit India under Registration No. VA00031314, to operate and provide Services on the Platform, offering a range of products and services to eligible users.
THIS POLICY SHALL BE CONSTRUED AS A PART OF THE TERMS OF USE ACCEPTED BY YOU BEFORE REGISTERING ON THE PLATFORM AND AVAILING THE SERVICES BEING OFFERED BY THE SUNCRYPTO AND CONSTITUTES A LEGAL AGREEMENT BETWEEN YOU, AS THE USER OF THE PLATFORM, AND SunCrypto, AS THE OPERATOR OF THE PLATFORM AND PROVIDER OF SERVICES. BY REGISTERING YOUR USER’S SUNCRYPTO ACCOUNT WITH US AND BY AVAILING COMPANY'S SERVICES, YOU ARE HEREBY PROVIDING US YOUR EXPRESS CONSENT TO ABIDE BY THIS POLICY.
IF YOU DO NOT AGREE WITH THIS POLICY, PLEASE DO NOT PROCEED FURTHER TO USE/ACCESS THIS PLATFORM/SERVICES. ALSO, IN THE ABSENCE OF AN ACCEPTANCE OF THE POLICY BY YOU, WE WILL NOT BE ABLE TO PROVIDE THE SERVICES TO YOU.
YOUR USE OF THE SERVICES WILL BE GOVERNED BY THIS POLICY INADDITION TO THE TERMS OF USE AND PRIVACY POLICY AS APPLICABLE TO YOU.
Angelic Infotech Private Limited reserves the right to modify, change, add, or remove any part of the SunCrypto Platform, the Services, these Terms, the Privacy Policy, or the AMLPolicy, or any content contained therein, at its sole discretion. However, any material changes that affect your rights or obligations under these Terms or Policies will be notified to you via email or a prominent notice on the SunCrypto Platform, unless immediate action is required for security or legal compliance reasons, in which case notice will be provided as soon as reasonably practicable. Non-material changes may be made without notice. You agree to periodically review these Terms of Use, the Privacy Policy, the Refund Policy, and the KYC/AMLPolicy, including before engaging in any transactions on the SunCrypto Platform, to stay informed of any updates.
“Specified Disclaimer: Crypto products are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
A. GENERAL TERMS OF USE OF SUNCRYPTO PLATFORM: User’s Crypto and Fiat Currency
At the outset, it is clarified that:
(a) For the purpose of buying or selling Cryptos against fiat currency, You shall use only use only Indian Rupees. You further undertake to maintain in your SunCrypto Account only such balance of Indian Rupees as is reasonably necessary to execute your immediate trades.
(b) Where a facility is made available by SunCrypto, you shall
- (i) deposit Cryptos owned and lawfully controlled by You in India (in accordance with Your residency status under theTerms of Use) into the custody services provided by SunCrypto, either directly or through its authorized technology partners/subcontractors, for the purpose of selling such Cryptos on the Platform, and
- (ii) receive any Cryptos purchased on the Platform into such custody services.
SunCrypto reserves the right, at its sole discretion, to permit, suspend, or disable any inflow or outflow of Indian Rupees and/or Cryptos as part of its Services, whether from your Company’s Crypto Custody Wallet or from your verified User SunCrypto Account, subject always to compliance with applicable laws.
As of the date of this Policy, SunCrypto does not permit wallet-to-wallet deposits or withdrawals of Cryptos by Users. Should such a facility be enabled in the future, including any conditions applicable thereto, SunCrypto shall duly notify its Users.
COMPANY'S CRYPTO CUSTODY WALLET TERMS AND GENERAL USAGE OF CRYPTOS BY USER:
Upon activation and during the validity of a user’s SunCrypto Account, the platform provides a facility to store cryptos purchased through the Platform in the “Company’s Crypto Custody Wallet,” which may be operated by SunCrypto directly or through authorized technology partners or subcontractors, and all such holdings are duly reflected in the user’s account. The User remains at all times the sole legal owner and possessor of the cryptos credited to this wallet, with SunCrypto acting only as an intermediary providing enabling technology and ancillary services (such as custody, validation, and wallet services) tofacilitate transactions; no transfer of ownership or possession occurs between the User and SunCrypto, as all transfers take place exclusively between the User and counterparties on third-party exchanges. Users expressly authorize SunCrypto to temporarily deploy Cryptosheld in the Custody Wallet for validation with third-party validators, subject to industry-standard safeguards, with any earnings therefrom accruing solely to SunCrypto.
Users may buy or sell cryptos against Indian Rupees, with credits and debits appropriately reflected in their account, but no interest, yield, or ancillary benefits shall accrue on such holdings. Users are prohibited from transferring or storing unsupported cryptos and may use Cryptos in the Custody Wallet only for transactions on the platform, not for external goods or services. Where transfer facilities are enabled, users agree not to send or receive cryptos to or from persons resident outside India. Users further warrant that all cryptos originate from legitimate sources within India and must report any unauthorized or unlawful use of their account immediately. In cases of erroneous credits, Users are obligated to notify the platform and arrange for reversal or refund, failing which such conduct shall constitute a material breach, entitling SunCrypto to pursue remedies under applicable law and the Terms of Use.
Fiat Currency Transaction Terms
To purchase cryptos on the platform, Users are required to transfer fiat currency in Indian Rupees from their own bank account into their respective SunCrypto Account. Balance transferred shall be reflected in the User’s SunCrypto Account, subject to delays in banking channels, payment gateways, or other legal impediments, and shall remain the property of the user. Users are advised to maintain only such balances as are necessary for immediate trades; any excess balances may, until withdrawal by the user, be placed by SunCrypto in deposits with scheduled commercial banks in India or in government-backed securities/schemes, with all earnings or income therefrom accruing exclusively to SunCrypto.
SunCrypto undertakes to employ commercially reasonable efforts and industry-standard controls to safeguard such balances. Users may request withdrawal of their tradable fiat balances to their own bank account through the Platform (“Withdrawal Request”), which SunCrypto shall endeavor to process, subject to delays or impediments in banking/payment channels. For this limited purpose, Users appoint SunCrypto as their duly authorized payment collection agent, it being clarified that SunCrypto does not operate a payment system. In the event a fiat top-up/transfer is subsequently invalidated, reversed, or disputed (including through chargebacks or claims), the User shall remain solely liable for the amount and any applicable fees, and SunCrypto shall be entitled to recover the same by debiting the User’s fiat balance or through other lawful means, including recovery from alternate funding sources or legal recourse. SunCrypto may also suspend or terminate access to the Platform/Services in case of default. All fiat balances deposited by Users are considered advances toward services and must be utilized within 360 days; unutilized balances will be refunded to the User’s original banking source, failing which, after reasonable efforts to return the funds, SunCrypto may forfeit suchamounts with prior intimation to the User.
TERMS FOR BUYING OR SELLING OF CRYPTOS
INSTANT ORDERS AND LIMIT ORDERS
Users may place buy or sell orders on the platform either as Limit Orders or Instant Orders. In a Limit Order, the user specifies the exact price at which the order is to be executed, regardless of the prevailing market price at the time of placement. In an Instant Order, the user opts to buy or sell immediately at the price displayed on the platform at the time of order placement.
By placing an Instant Order or Limit Order, the user expressly authorizes SunCrypto to execute such order in the manner deemed most efficient by SunCrypto, in accordance with the terms and conditions of the third-party crypto exchanges on which SunCrypto executes transactions on behalf of the User, pursuant to the User’s specific instructions.
ASSURED QUANTITY SERVICES FOR INSTANT ORDERS
SunCrypto may, at its discretion, provide a value-added Assured Quantity Service, under which the quantity and price displayed on the platform for Instant Orders are guaranteed, irrespective of subsequent market fluctuations, in consideration of a service fee.
Under this service, SunCrypto acts solely as an executor of the user’s explicit instructions and not as a representative or fiduciary. Transactions are executed strictly at the price confirmed by the user at the time of order placement.
To facilitate execution, SunCrypto aggregates last traded prices from multiple third-party crypto exchanges and displays an estimated quantity of crypto purchasable or saleable against the User’s available INR balance. Based on the User’s instructions, SunCrypto executes trades on one or more such exchanges. The final execution price may differ due to volatility, exchange fees, fractional availability, or other market factors, with the actual details recorded in the trade report issued to the User on the Suncrypto account.
By availing this service, the User expressly authorizes SunCrypto to:
- 1. execute multiple interrelated trades across domestic or international exchanges;
- 2. round off quantities in line with exchange rules; and
- 3. retain or reimburse any excess crypto or INR as a service fee under this service.
SunCrypto shall make good any shortfall in crypto or INR resulting from market deviations or the above factors. The User consents to SunCrypto absorbing any negative deviation and retaining or reimbursing any positive deviation in price or quantity under this service.
The Assured Quantity Service is available only under the standard SunCrypto Services and does not extend to SunCrypto Pro Services, where orders are executed directly on exchanges chosen by the User without such assurance.
The trade report issued by SunCrypto, along with the INR and crypto balances reflected in the User’s SunCrypto Account, shall constitute final and binding evidence of the transactions executed, the User’s authorization for this service, and SunCrypto’s entitlement to retain or reimburse excess amounts as service fees, where applicable.
ORDER PLACEMENT AND EXECUTION FRAMEWORK
The User acknowledges and agrees that SunCrypto executes trades on third-party crypto exchanges strictly in accordance with the user’s instructions and solely for the specific quantity of crypto determined by the User. SunCrypto acts only as an executor of such instructions and not as a representative, fiduciary, or agent of the User. For the purpose of completing trades, the user authorizes SunCrypto to undertake multiple interrelatedtransactions, including fiat-to-crypto and crypto-to-crypto conversions across domestic and international exchanges, and to round off quantities in accordance with applicable exchange rules. SunCrypto may, at its discretion, absorb any negative deviation and may retain or refund any positive deviation in price variations, with all transaction details conclusivelynotified on the Suncrypto account and reflected in the User’s INR and crypto balances on the platform, which shall constitute binding evidence of all transactions, fees, or refunds, asapplicable. Users are required to maintain sufficient balances in their
SunCrypto Account prior to initiating transactions, and SunCrypto reserves the right to determine authenticity and finality in the event of any dispute regarding timing or reporting. All transactions initiated by the User are final, absolute, non-cancellable, and non-refundable, and no reversal or modification shall be permitted. SunCrypto may, in its sole discretion, decline, suspend, delay, or block any transaction, account, or wallet balance if it suspects fraud, misuse, illegality, regulatory non-compliance, or violation of this Policy or the Terms of Use, andmay report such activities to competent authorities. Where necessary, SunCrypto may request additional information, freeze accounts or balances, or terminate Services, including blocking accounts and funds in cases of suspected fraud or complaints from banks, payment gateways, or regulators. The User expressly authorizes SunCrypto to hold crypto in the Company’s Custody Wallet for seamless execution of trades and acknowledges that any payments made to third-party exchanges are made solely on the User’s instructions, with details reflected in a trade report on Suncrypto Account. SunCrypto does not fulfill trades from its own inventory and merely provides enabling technology, custody, and related services without affecting any transfer of title. No express or implied agency relationship is created between the parties, other than the limited authority for SunCrypto to receive payments, hold them in trust, and execute transactions as instructed. Users remain solely responsible for their trades and compliance with all applicable laws, including tax obligations under GST and Income Tax, and SunCrypto disclaims all liability in this regard.
TERMS WRT TRANSFERS, WITHDRAWALS, AND DELISTING OF CRYPTOS
- 1. Right to Delist Crypto Assets—SunCrypto, in its sole and absolute discretion, may delist one or more crypto assets available for trading (buy and/or sell) on the Platform.
- 2. Prior Notice of Delisting—SunCrypto shall make reasonable efforts to communicate any proposed delisting to users in advance, subject to practical feasibility and regulatory obligations.
- 3. User Options upon Delisting—Where practicable, Users shall be afforded the opportunity to either
- a. sell the delisted crypto on the platform within a notified period, or
- b. transfer such crypto to their ownblockchain wallet, subject to compliance with SunCrypto’s KYC, AML, and related policies. SunCrypto does not guarantee that transfers to external wallets will always be available. In such cases, users may be limited to selling the delisted crypto on the platform.
- 4. Automatic Sale of Unsold Delisted Crypto—If users fail to sell the delisted crypto within the timelines specified, they hereby irrevocably authorize SunCrypto to liquidate such crypto at the prevailing market rate. The equivalent INR proceeds, net of applicable taxes and charges, shall be credited to the User’s SunCrypto Account.
- 5. Cancellation of Limit Orders—All unexecuted or pending limit orders in respect of a delisted crypto shall be automatically canceled by SunCrypto on the delisting date, if not already executed or canceled by the user.
- 6. Disclaimer of Liability—SunCrypto shall not be liable for any losses, including opportunity loss, loss of profits, taxes, or other consequences, arising out of its decision to delist any crypto asset or from the subsequent liquidation thereof. Users expressly waive all claims and remedies against SunCrypto in this regard.
- 7. Restrictions and Limits on Transfers—All transfers or withdrawals of fiat currency or cryptos (to the extent permitted by the Platform) shall be subject to restrictions, thresholds, and limits as may be notified by SunCrypto from time to time.
- 8. Right to Block Suspicious Transfers—SunCrypto reserves the right to restrict or block any user from initiating bank transfers or transactions where there exist reasonable grounds to believe that such transfers are non-compliant with applicable laws, or where there is suspicion of misuse, fraudulent activity, or any unlawful conduct. Such activities may also be reported to the relevant statutory or enforcement authorities.
- 9. Suspicious Withdrawals—Any fiat currency withdrawal deemed suspicious may be withheld, reversed, or subjected to further investigation. In such cases, the User’s withdrawal facility and account operations may be suspended. Users may be notified and asked to provide satisfactory explanations. Failure to do so may result in continued suspension until the matter is resolved or the account validity lapses
- 10. Severability and Exclusion—SunCrypto has taken all reasonable efforts to ensure that this Policy is in compliance with applicable laws. In the event any provision of this Policy is held to be invalid, illegal, orunenforceable, such determination shall not affect the validity, legality, or enforceability of the remaining provisions, which shall continue in full force and effect.”
- 11. Taxes—All purchases and sales of crypto on the Platform are subject to tax deduction at source (“TDS”) under the Income-tax Act, 1961, and applicable regulations. TDS shall be deducted at the prescribed rate before crediting net proceeds to the User’s SunCrypto Account, and TDS certificates will be issued based on the PAN provided by the User.
- 12. Users are solely responsible for payment of all other applicable taxes, including income tax, GST, and any other statutory levies on their transactions and earnings. By using the Platform, Users consent to such deductions and acknowledge that SunCrypto may withhold, deposit, orrecover applicable taxes (including penalties or interest) from their proceeds or seekreimbursement where required.
For clarity, SunCrypto does not provide tax, legal, or accounting advice, and users are encouraged to consult their independent advisors regarding their tax obligations.
DISCLAIMER: Cryptocurrency products and non-fungible tokens (NFTs) are inherentlyunregulated financial instruments that carry a high degree of risk. Users of the SunCrypto platform acknowledge and accept that there may be limited or no regulatory recourse available in the event of losses stemming from transactions involving these digital assets. Furthermore, in the unfortunate event of a security breach or hack affecting the custody systems of the SunCrypto platform, the company expressly disclaims any liability for losses incurred by users as a result of such incidents. This includes, but is not limited to, any unauthorized access to user accounts, theft of digital assets, or any other form of compromise that may occur despite the implementation of robust security measures by the platform. Users understand and agree that they assume full responsibility for their trading activities and the inherent risks associated with the custody of their digital assets on the SunCrypto platform. The company shall not be held liable for any direct, indirect, incidental, or consequential damages arising from such losses, and users are encouraged to exercise due diligence and prudence when engaging in transactions involving cryptocurrencies and NFTs. In case of queries or assistance, you may write to us at help@suncrypto.in
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