Terms of Service
1. General Provisions
1.1. Tesseract Group Oy (Tesseract) offers a user (the User) to use its virtual currency lending service available at https://app.tesseractinvestment.com/ (the Service).
1.3. These Terms may be amended by Tesseract without any special notice; a revised version of the Terms shall become effective upon being posted on the website at the address specified in this paragraph, unless otherwise provided in the revised version of the Terms. The current version of the Terms is always available at
1.4. If the User does not accept any amendments made by Tesseract to these Terms in a manner set forth in Section 1.3 of these Terms, the User shall stop using the Service.
2. User Registration
2.1. Registration with Tesseract and completion of Tesseract’s onboarding is necessary for using the Service. The User shall be free to change their username and password. Tesseract may prohibit certain logins and may set requirements to login-username and password (length, acceptable characters, etc.).
2.2. The User shall be solely responsible for the strength (resistance to guessing) of the chosen password and shall ensure its confidential treatment. The User shall be solely responsible for any actions (and their consequences) performed within or through the Service under the User’s login and password, and all the actions performed within or through the Service under the User’s login and password shall be deemed performed by the User.
3. User Confidential Information
4. Use of the Service
4.1. The Service shall be used by the User through the Service's web interface, which is a programming interface between the User and the Service available to the User upon logging in successfully to the Service using the User’s login and password.
4.2. When using the Service, the User shall review the description of functions available within the Service and shall not use such functions, tools and features until full understanding of their functionality. Use of any functions and features of the Service shall mean that the User understands the meaning of the performed actions and their consequences and assumes full responsibility for the said actions/consequences.
4.3. Tesseract shall reserve the right to restrict in its discretion the User’s access to the Service (or to specified functions of the Service, if technically possible) via the User’s account or block the User’s account in case of multiple violations of these Terms, or to take any other measures against the User to comply with the legislative requirements or third party rights and legitimate interests.
4.4. If you want to stop using Tesseract’s digital service, you can simply request a withdrawal. All withdrawals are processed within 30 days. If you have not deposited virtual currency but inserted your own API keys, you can either delete your API keys or stop the service from the settings-page.
4.5. If there will be more specific KYC-regulations for the virtual currency industry, users will be asked to fill in information to fulfill these requirements. Those that will not, will have to be removed from the service. In such case, all users will be able to withdraw their virtual currency, and safely remove access to their API keys.
4.6. Tesseract Investment charges a transaction fee to facilitate transaction in and out of the margin lending market. A small withdrawal fee is applied on deposits less than a 1000 USD equivalent.
Bitcoin ABC 0.001 BAB
Bitcoin 0.0004 BTC
Ethereum classic 0.01 ETC
Ethereum 0.016443 ETH
Litecoin 0.001 LTC
Ripple 0.1 XRP
5.1. The User shall be solely responsible to third parties for his/her actions related to the use of the Service, in particular, if such actions may result in the infringement of third-party rights and legitimate interests, and for using the Service in compliance with the laws.
5.2. The User shall use the Service at his/her own risk. The Service shall be provided “as is”. Tesseract shall assume no responsibility; in particular, Tesseract shall not be responsible to ensure that the Service fits for the User’s purposes and meets the User’s expectations.
5.3. Tesseract does not guarantee that the Service is/will be compliant with the User’s requirements and will be provided in an uninterrupted, prompt, reliable and error-free manner; that the results obtained through the use of the Service will be accurate and reliable and could be used for any purposes or in any capacity (for example, to establish and/or confirm any facts); that the quality of any product, service, information etc. obtained through the Service will meet the User’s expectations.
5.4. Tesseract shall bear no liability for any damages arising out of the use of the Service or any individual components/functions of the Service by the User. The User agrees to hold the Service indemnified under this clause.
5.5. Tesseract shall not participate in and shall have no access to calculations between the User and the User’s stakeholder applications (for example Exchanges, wallets but not limited to above stated). Under no circumstances shall Tesseract bear any liability for financial and any other transaction made by the said persons. Tesseract shall bear no liability for the safety and confidential treatment of the data provided by the said persons for payment purposes.
5.6. Tesseract shall take no legal responsibility of any loss of customer funds due to a third-party incident, such as an exchange becoming insolvent.
6.1. These Terms shall be governed by and interpreted in accordance with the laws of Finland, except for its provisions on choice of law. Any matters not regulated by these Terms shall be settled in accordance with the laws of Finland. Any and all disputes that may arise out of the relations governed by these Terms shall be resolved in accordance with the effective laws of Finland. This section does not limit your statutory rights as a User residing in another country than Finland. Throughout the text of these Terms, unless otherwise expressly specified, the “laws” shall mean both the laws of Finland and the laws of the User’s country of residence.
6.2. Nothing in these Terms shall be construed to constitute an agency, partnership, joint venture, employment or any other relationship between the User and Tesseract not expressly provided for in these Terms.
6.3. If any provision of these Terms is declared by any judicial or other competent authority to be void, illegal or otherwise unenforceable, the remaining provisions of these Terms shall remain in full force and effect.
6.4. Tesseract's failure to act in case of violation of the Terms by the User or any other users shall not deprive Tesseract of its right to take appropriate actions later to protect its interests and shall not mean a waiver of its rights in case of any further violations of such or similar nature.
6.5. These Terms are made in English and may be made available to the User for review in a different language. In case of discrepancies between the English version of the Terms and the version in a different language, the provisions of the English version of the Terms shall prevail.
7. Risks of using the Service
The User acknowledges and accepts that the use of the Services that may contain certain risks and that Tesseract will not be liable for any risk factors associated with providing funding to margin traders, including but not limited to: (a) a virtual currency exchange becoming insolvent (e.g. if an exchange is hacked and everyone takes a loss) or (b) failure in virtual currency exchange risk-limiting trading engine. This scenario is seen to be extremely unlikely and has not occurred in major virtual currency exchanges.