In addition to the general purchase process, the Customer may order an ongoing purchase of certain cryptocurrencies at various intervals ("Savings Plan").
Solarisbank will execute the purchases based on the criteria determined by the Customer in the Nuri Apps in accordance with Solaris Special Conditions for Trading in Crypto Currencies ("Planned Purchase"). The process of the Savings Plan and Planned Purchase is as follows:
The Savings Plan is activated through the Nuri Apps. Purchases under the Savings Plan are brokered via Nuri acting as Solaris’s tied agent.
The Customer selects the parameters of the Savings Plan ("Plan Parameters") in the Nuri Apps.
- Amount of the the Planned Purchase in EUR;
- cryptocurrency of the Planned Purchase;
- purchase intervals (e.g. monthly); and
- start date of the Savings Plan.
Activation of a Savings Plan must be confirmed with a second factor authentication (“2FA”) in the Nuri Apps.
Each Savings Plan may include only one type of cryptocurrency (e.g. Bitcoin, Ether). For each cryptocurrency the Customer must create a separate Savings Plan.
Upon activation of a Savings Plan, Solarisbank will execute the transactions according to the Plan Parameters without requiring any further authorization via 2FA for the individual transactions.
A Planned Purchase will be only executed if the funds in EUR required for the execution of the Planned Purchase are available on the Customer's payment account at the time of execution.
If a Planned Purchase is not executed due to underfunding, the Customer will be informed thereof and the Planned Purchase will be executed at the next time provided for in the Planned Parameters.
In other cases where the Planned Purchase cannot be executed, e.g. due to technical reasons or exceeding of a Trading Limit, the Customer will be informed and the Planned Purchase will be executed at the next time provided for in the Planned Parameters. The amount of the Planned Purchase which was not executed previously will not be added in the next Planned Purchase.
The Customer may at any time change certain Plan Parameters for the future for each Savings Plan or terminate the Savings Plan in the Nuri Apps.
The Customer may change only those Plan Parameters that the Nuri Apps allow him to change. If the Customer wishes to change other Plan Parameters, the existing Savings Plan can be terminated and a new Savings Plan with changed Plan Parameters can be activated. A change is effective only after authorization with 2FA.