SmartCoin Terms of Service

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The following information constitutes a formal service agreement between the company (Smartcoin Holdings Ltd) and the investor client. It serves to clarify the timings and limitations and confirm payments and investment terms.

The investor is freely committing funds to Smartcoin Holdings Ltd for those funds to be invested primarily in Bitcoin and Ethereum and sold with a view of producing a profit. That profit is sent by bank transfer; to the investor on an annual or quarterly basis minus our profit retention fees.

There are no other charges or fees unless the investor wishes to close their account before the obligatory 12 month investment.

Minimum Investment Terms

The minimum investment is 12 calendar months after this minimum term, an investor can close their account and redeem the capital invested by sending an email to support@smart-coin.uk. We require 20 working days notice to calculate any payments due. 

Benefits Paid On Anniversary

At the end of every investment cycle of 365 days, the annual benefits minus our retention fees; will be dispersed within one working day. We will provide a detailed statement on an annual basis.

Benefits paid every quarter - for investments of £100k and above the benefits are dispersed every three months.

Capital Growth Option - Investors can have the accumulated profit re-invested and thus allowed to accumulate over the life of the investment - up to 5 years. The profit retention will be deducted on an annual basis, with the balance added to the starting capital.

Profit Retention

For investors who subscribed in 2019, there is a 15% deduction on profits as our fee. Investors who subscribed in 2020 have a 20% deduction. 

These deductions show on the final year-end statement.

Early Redemption

The following deductions are for early redemption.

In the first 6 months - 50% of total holdings

Between 6 and 12 months - 25% of total holdings

For capital growth investors the deductions will apply every year of the investment. It is imperative you complete the full 12 months of investment to avoid any financial loss.

Force Major

We are commited to serving our clients and will do so to the best of our abilities, notwithstanding events that are out of or control  - such as natural disasters or global pandemics.

Taxation

We do not charge withholding tax directly. Investors are directly responsible for reporting any earnings as income.

Statement of Holdings

Once every three months, you will receive a detailed statement, reflecting any profits earned. 

Investment Term

The investment will continue up to a maximum of 5 years, at which point it will close, we will return your starting capital plus profits.

Transfer of Ownership

It is possible to transfer ownership to another family member or have it in joint names.

Payout in Bitcoin

For individual investors who are looking to enhance their token ownership, we can provide ONLY the profit accrued in Bitcoin. Starting capital will be returned as a bank transfer in line with our AML policy.

Arrangement Fees

There is a 2.5% upfront payment, that is paid directly to the introductory agent as a fee. 

Starting Date 

The investment commences the day the funds have cleared.

Maturity Date

The maturity date is a minimum of 12 months plus one day. If no notice is received the investment will run-up to a maximum of 5 years.

Dedicated Account Manager

Assigned a designated point of contact, this ensures you have access to news flow and somebody to reach out to by email or telephone.