Membership and Fees

Feb. 4, 2019


LEVEL IS IN A CLOSED ALPHA PERIOD.  MEMBERSHIP IS CURRENTLY RESTRICTED TO PERSONS WITH A VALID ACCESS CODE.  MEMBERSHIP FEES ARE WAIVED DURING THIS PERIOD.  MEMBERS WILL BE NOTIFIED WHEN THE FEE WAIVER PERIOD IS OVER. 

 

Summary

PLEASE READ THESE FEE TERMS CAREFULLY.  When you accepted the Terms of Use you agreed to pay the fees described here.

Certain Level Services are provided as a monthly Membership.  Your Membership begins when you have funded your account.  When you first fund your account, your Membership will commence, and your Membership Fee shall be collected.

All Level Memberships end on the last day of the month, and auto-renew on the first day of the next month.  You must cancel your Level Membership  by transferring funds off Level, before your membership renews, in order to avoid the billing and deduction of the next month’s Membership Fees from your account.

Account holders who do not have sufficient funds in their account for a Level Membership remain obligated to pay for any other Services they consume at the rates described below.

Membership Commencement

Your Level Membership commences when you have funded your account with Digital Assets. 

If, at the time your Level Membership is to renew, you have no Digital Assets in your account, your Level Membership will have be deemed cancelled by you, and you will have limited access to the Services.

Billing Cycle

Level Membership Fees shall be charged on a monthly basis, and deducted from your Hosted Wallet, or other payment method you provide to us.  Your Level Membership Fee shall be deducted from your Hosted Wallet, or other payment method, at the commencement of your Level Membership.  Membership Fees are fully earned upon payment.

Your first month’s Membership Fee shall be pro-rated based on the commencement date of your membership.  For example, if your membership commencement date is the 7th of the month, then your first month’s Membership Fee shall be a pro-ration of the fee from the 7th of the month to the last day of the month.  Thereafter, your membership fee shall be the full Membership Fee, and will be deducted from your account on the first day of the month.

Cancellation

You can cancel your Level Membership at any time, and will continue to have access to the Services through the end of your monthly billing period.  We do not provide refunds or credits for any partial month Membership periods. 

To cancel your Level Membership, simply withdraw the total of your Digital Assets from your Hosted Wallet(s) prior to the first of the month. 

Renewal after cancellation

If, at any time you would like to renew a cancelled Level Membership, simply fund your account with the required value of Digital Assets, and your Membership will re-commence as of the time you sufficiently funded your account.

Changes to fees and membership plans

We reserve the right to change our membership or subscription plans, or adjust the pricing for Membership Fees, or any other fees, in any manner at any time as we may determine in our sole discretion.  Any price changes shall take effect following notice to you unless otherwise indicated in writing in such notice. 

No refunds

Payments and Membership Fees are nonrefundable, and there are no refunds or credits for partially used Membership periods.  However, you will continue to have access to your account and certain Services through the end of your billing period.  If, for any reason, we do provide a refund, discount, or other consideration (“Credits”) to some or all account holders, such provision of credits in one instance does not entitle you to credits in the future for similar instances.  Any such granting of credits shall be at our sole and absolute discretion, and it does not obligate us to provide credits in the future, under any circumstance.

Fees

Membership Fee

$5.00 USD Equivalent in Digital Assets - FREE IN ALPHA

Membership Fees shall be collected in Bitcoin.  If no Bitcoin is available, or insufficient Bitcoin is available, in your Hosted Wallet, we shall deducted your Membership Fee from one of, or some combination of, the other Digital Assets in your Hosted Wallet(s).

Trading Fee

NONE

Level Members do not pay trading fees for orders placed on Level.  You must have an active Level Membership and sufficient funds in your account to trade.

Maker Fee

NONE

Level Members do not pay trading fees for orders placed on Level.  You must have an active Level Membership and sufficient funds in your account to trade.

Taker Fee

NONE

Level Members do not pay trading fees for orders placed on Level.  You must have an active Level Membership and sufficient funds in your account to trade.

Deposit Fee (Digital Asset)

NONE

Level Members do not pay fees for deposits of Digital Assets into their accounts

Deposit Fee (Fiat)

We do not support the deposit or withdrawal of government-backed currencies into or out of customer accounts at this time.

Withdrawal Fee (Digital Asset)

Level assesses a 20 BPS fee for withdrawals of Digital Assets. 

Withdrawal Fee (Fiat)

We do not support the deposit or withdrawal of government backed currencies into or out of customer accounts at this time.

Paper Copies of Communications

$50 per page

Last updated date

4 February 2019