Our partner Celsius Network has announced to temporarily pause all withdrawals. This affects the Nuri Bitcoin Interest Account. Find out more about the status and what this means for you here.  

Nuri Legal Section

Supplementary Agreement on the Crypto Wallets

Notice: The version on the right is written in plain and simpler language to give you a better understanding of our terms. Only the version on the left is legally binding.

§ 1 – Scope


Legal Language


(1) These terms and conditions (“Terms and Conditions”) apply to the contractual relationship between Nuri customers (“Customer(s)” or “you”) and Nuri GmbH (f/k/a Bitwala GmbH) (“Nuri”) with respect to custodial Bitcoin and Ethereum wallets (“Crypto Wallets”) which are operated by Solaris Digital Assets GmbH (“SDA”) and are accessible via the Nuri Web Application and the Nuri Mobile App. The Nuri Web App and the Nuri Mobile App are hereinafter collectively referred to as the “Nuri Apps” and individually a “Nuri App”.


(2) The business relationship between the Customer and Nuri is subject to Nuri’s general terms and conditions (“Nuri’s General T&Cs”). These Terms and Conditions supplement Nuri’s General T&Cs. Except as expressly modified by these Terms and Conditions, Nuri’s General T&Cs remain in full force and effect.


(3) The Crypto Wallets are subject to a separate contractual relationship between the Customer and SDA which is governed by SDA’s Conditions for Crypto Custody Services (the “SDA T&Cs”). 


§ 1 – What do these crypto wallet terms cover?


Plain Language (non-binding)


(1) These terms cover your relationship as a customer (“Customer” or “you”) with Nuri GmbH (f/k/a Bitwala Gmbh) (“Nuri”’) for custodial Bitcoin and Ethereum wallets. Solaris Digital Assets GmbH (‘SDA’) provides and operates the custodial Bitcoin and Ethereum wallets (‘Crypto Wallets’) and Nuri operates the interface.


(2) These terms supplement Nuri’s general terms and conditions which govern the relationship between you and Nuri.

 

(3) For the Crypto Wallets you have an additional relationship with SDA to which SDA’s Conditions for Crypto Custody Services apply.



§ 2 – User Interface


Legal Language


(1) Nuri offers the Customer the possibility of opening and administering a Crypto Wallet for the storage of cryptocurrency via the Nuri Apps. The Customer can order deposit, withdrawal and transfer transactions with respect to cryptocurrency in the Crypto Wallets via the Nuri Apps. Nuri forwards these transaction orders to SDA. SDA is responsible to the Customer as its sole contractual partner for the Crypto Wallets and the related services in accordance with the SDA T&Cs.


(2) Nuri reserves the right to change or cancel the offered services or supplement them with additional services. In particular, Nuri reserves the right to cease supporting Crypto Wallets. When changing or cancelling offered services, Nuri will take the Customer’s legitimate interests into account.


§ 2 – User Interface


Plain Language (non-binding)


(1) Nuri offers you access to the Crypto Wallets to deposit, withdraw and transfer cryptocurrencies. Nuri forwards your orders to SDA. SDA is responsible to you for all services related to your Crypto Wallets.


(2) Nuri may change or cancel the services it offers and also add new services. It can stop providing you with the Crypto Wallets. When making changes, Nuri will take your interests into account.


§ 3 – Effects of Termination


Legal Language


(1) If your business relationship with Nuri is terminated in accordance with Nuri’s General T&Cs, your contract with SDA for the Crypto Wallet will automatically end.


(2) When termination of the contract on Crypto Wallet with SDA takes effect, you will no longer be able to access the Crypto Wallets via the Nuri Apps.


§ 3 – Effects of your Termination


Plain Language (non-binding)


(1) If your business relationship with Nuri ends, your relationship with SDA for the Crypto Wallets will also end.


(2) If your business relationship with SDA for the Crypto Wallets ends, you can no longer access your Crypto Wallets in the Nuri Apps.



§ 4 – Changes to the Terms and Conditions


Legal Text


(1) Changes to these Terms and Conditions will be communicated to the Customer via the Nuri Apps no later than two months prior to the proposed time of their entry into effect and/or made accessible to the Customer at the email address that the Customer has provided.


(2) The Customer is enabled to store or print changes in legible form. The changes communicated to the Customer in accordance with the previous paragraph are considered to have been approved unless the Customer has objected to the changed Terms and Conditions in writing on time in the sense of the next paragraph. Nuri will separately notify the Customer of this automatic approval when providing notification of the changes.


(3) If the Customer does not wish to agree to an offered change, they must lodge an objection in writing within six weeks after the change has been communicated to them by email. If the Customer does not lodge an objection within the indicated time limit, the changes are considered to have been accepted by the Customer.


§ 4 – Changes to the Terms


Plain Language (non-binding)


(1) When Nuri changes these terms, we will inform you through the Nuri Apps and/or via an email to your registered email address. We will communicate the changes at most two months before the new terms apply.


(2) If you like you can store or print the changes in a readable form. We will consider that you have agreed to the new terms unless you object to them in writing in the time frame stated below. We will remind you that you can object to the new terms when we inform you about the changes.


(3) If you do not accept the changes, you must object in writing within six weeks after we have informed you about the new terms with an email. Unless you object within this timeframe, we will consider that you agree to the changes.




Legal Language


The contractual relationships between the customer and Nuri shall be governed by German law excluding the UN Convention on Contracts for the International Sale of Goods.


§ 5 – The law governing the terms and the venue for disputes


Plain Language (non-binding)


German law applies to these terms. The UN Convention on Contracts for the International Sale of Goods is not applicable.



§ 6 – Severability Clause


Legal Language


If individual provisions of the contract between Nuri and the Customer should be or become legally invalid, the remaining provisions shall remain binding. The invalid parts are to be replaced by the corresponding statutory provisions to the extent that these exist.


§ 6 – What happens when terms are or become invalid


Plain Language (non-binding)


If any of the terms is or will become invalid, the rest of the terms stay valid. The gap that invalid terms create will be replaced by the applicable law, if the applicable law has suitable terms for it.


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Notices regarding Banking and Cryptocurrency Services

 

Notice pursuant to § 2 Section 10 of the German Banking Act

Nuri GmbH, offers the brokerage of transactions in crypto currencies (being financial instruments pursuant to § 1 para. 1a sentence 2 no. 1 of the German Banking Act (Kreditwesengesetz – KWG)) and in this respect acts exclusively in the name and for the account of the Solarisbank AG. Nuri GmbH is recorded as tied agent of Solarisbank AG within the meaning of § 2 Section 10 of the German Banking Act in the register which is kept by the German Federal Financial Supervisory Authority. The register can be accessed under www.bafin.de. Insofar as investments in other financial instruments are made possible via Nuri GmbH, this is not done in the name or for the account of Solarisbank AG.

 

Warning of risks related to Cryptocurrencies

Trading cryptocurrencies carries high risk and can lead to the total loss of the invested capital. We strongly recommend not to invest more than you can afford to completely lose. Before you start trading cryptocurrencies, please make sure that you fully understand the risks associated. Should you need help we recommend to contact an independent competent person or organisation. Any personal successful investments when trading cryptocurrencies in the past in no case indicate your success in the future. The cryptocurrencies traded on Nuri.com are not suitable for all investors. For further information to the product offering, visit our Support Centre.

 

Notice regarding Nuri Pots

Nuri GmbH provides its services with respect to the purchase and sale of Nuri Pots exclusively for Bankhaus von der Heydt GmbH & Co. KG (BvdH). BvdH is acting as financial commissioner and crypto custodian for the Nuri Pots. The purchase, sale and custody of Nuri Pots is subject to contracts between the user and BvdH. BvdH decides independently on the acceptance of orders and may reject any offers at its own discretion without giving reasons.


Warning of risks related to Nuri Pots

Trading Nuri Pots is associated with risks. Before investing, you are asked to conduct an appropriateness test to assess whether you have the necessary knowledge and experience to adequately evaluate the risks associated with Nuri Pots. Before you start trading Nuri Pots, please make sure that you read and understand the product and risk information provided by BvdH and the issuer.