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Terms & Conditions

Last Updated: April 20, 2026

Please read these platform terms of use ("Agreement") carefully because it is a binding contract between the user that accepts this Agreement ("User") and Konvato LLC, a Limited Liability Company organized in the State of Wyoming having its registered office at 30 N Gould St Ste R, Sheridan, WY 82801. This Agreement governs your use of the services available through the Konvato website at https://www.konvato.com and any associated mobile applications.

By creating an account, clicking "I accept", or otherwise accessing or using Konvato, the user acknowledges that they have read, understood, and agree to be bound by the terms of this Agreement. If User does not agree to the terms of this Agreement, they are not permitted to use the Services.

1. Description of Services

Konvato is a stablecoin-to-fiat conversion platform that enables users to securely receive supported stablecoins and withdraw them in their local currency. Konvato allows users to:

  • Receive stablecoin deposits (USDT and USDC) into user-assigned non-custodial wallets.
  • Instantly convert these stablecoins into local fiat currency, specifically Nigerian Naira (NGN).
  • Withdraw the converted fiat directly into a local Nigerian bank account.

The platform is designed to serve individuals (B2C), such as freelancers, remote workers, crypto holders, and those supporting family members abroad, bridging the gap between blockchain-based value and traditional local fiat settlement.

2. Third-Party Servicers

Konvato abstracts the underlying complexity of blockchain interactions and fiat settlement by integrating with trusted third-party partners ("Third-Party Servicers"). By using Konvato, you acknowledge and agree to the involvement of:

  • Blockradar: Our blockchain infrastructure partner responsible for facilitating the receipt of stablecoin deposits into non-custodial wallets.
  • Anchor: Our liquidity and payout partner responsible for the subsequent conversion and payout of funds into local fiat currency.

Konvato is not a bank and does not itself provide direct banking services. Any financial transactions or conversions are executed through these designated Third-Party Servicers.

3. Account Creation and Security

  • To use Konvato, you must register for a secure wallet using your email and phone number.
  • Security Requirements: Konvato is built with end-to-end encryption. All user accounts require the activation of Two-Factor Authentication (2FA).
  • Password Standards: Your account password must be a minimum of 8 characters and include at least one number, one uppercase letter, one lowercase letter, and one special character.
  • Responsibility: You are solely responsible for safeguarding your account credentials. You must immediately notify Konvato at info@konvato.com of any unauthorized use or security breach.

4. Limitations and Prohibited Users

The following Persons are strictly prohibited from using Konvato:

  • Persons who appear on the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), Specially Designated Nationals List (SDN).
  • Persons designated as sanctioned by the Nigeria Sanctions Committee, including those designated under the Terrorism (Prevention and Prohibition) Act, 2022 (Nigeria).
  • Persons who are less than 18 years of age.
  • Persons attempting to use the platform for any illegal activities or to support illegal activities.

5. Transactions and Conversions

When you deposit USDT or USDC into your generated wallet address, the funds will reflect instantly. By initiating a conversion, you authorize Konvato to route your request through our liquidity partner, Anchor, to convert the stablecoin to NGN at the displayed rate.

  • Irreversibility: Blockchain deposits and fiat payouts are irreversible. Ensure you are sending the correct supported stablecoin (USDT or USDC) to the correct wallet address on supported networks.
  • Konvato assumes no liability for funds lost due to user error, including sending unsupported assets or using incorrect network protocols.

6. Privacy and Data Consent

To comply with regulatory requirements, users must complete Know Your Customer (KYC) verification during onboarding. By using Konvato, you authorize us to conduct necessary investigations to verify your identity. Information collected is subject to our Privacy Notice. You authorize Konvato to share necessary data with our Third-Party Servicers (Blockradar and Anchor) solely to facilitate your requested transactions.

7. Intellectual Property

All right, title, and interest in the Konvato platform, its website, and all underlying intellectual property are expressly reserved by Konvato LLC. Users are granted a limited, non-transferable right to access the platform solely for its intended use.

8. Limitation of Liability

The Konvato platform is provided "as is" and "as available" without warranties of any kind. Konvato LLC, its organizers, members, and its Third-Party Servicers shall not be liable for any special, indirect, incidental, or consequential damages, or any lost profits arising out of your use of the platform. Konvato is not liable for delays, errors, or cancellations initiated by Third-Party Servicers or due to internet/blockchain network outages.

9. General Provisions

  • Amendments: Konvato reserves the right to amend these terms at any time by posting updates on our website.
  • Governing Law: This Agreement shall be governed pursuant to the laws of the State of Wyoming, without regard to its conflict of laws rules.
  • Contact: For any questions or support, please reach out to our team at info@konvato.com.