Terms, risk & privacy

The price is not managed. Nobody defends a level, and there is no floor. If Bitcoin halves, ARV halves.

Past performance says nothing. The five-year chart on this site includes a period of very large gains. It is a record of what happened, not a projection, and it is not a reason to expect a repeat.

No capital protection and no insurance. Your holdings are not covered by deposit insurance, by any investor protection or compensation scheme, or by any guarantee from us. If this business fails you are an unsecured creditor.

Losses are not deductible. A gain is taxed at 30% plus cess; a loss gets you nothing. You cannot set it against other gains, other income, or a future year. The tax system here is asymmetric and it is asymmetric against you.

Liquidity depends on someone being there. A sale is matched against a real buyer where one exists. Where none does, the treasury steps in after the fallback window — but that is a facility, not a promise that survives every market.

Concentration. One asset, one currency pair. There is no diversification in ARV whatsoever, by design.

Operational and custody risk. Feeds fail, hosts go down, keys can be lost, and a platform can be attacked. We reduce these risks; we cannot remove them.

Nothing here is advice. No part of this site is investment, tax or legal advice, or a recommendation to buy or sell. We do not know your circumstances and we are not authorised to advise on them. Only commit money you can afford to lose entirely.

It is derived, not discovered. Every fill on this platform settles at that computed price. Orders queue for size, never for price, so no single trade can move ARV away from Bitcoin. A limit order here is a trigger — "act when the index reaches this level" — not an offer for someone to accept.

What ARV is not. Not a coin on any blockchain, not transferable off this platform, not a token you can move to an external wallet, not a share, not a deposit, not a unit of a mutual fund or collective investment scheme, and not a stablecoin. It confers no ownership of this business, no voting right and no dividend.

Your claim is against us. Holding ARV is a contractual claim on this platform for the rupee value of your units, settled in rupees. It is not a claim on any Bitcoin.

Trading pauses when the price is stale. If the feed is older than the configured limit, orders are refused rather than filled at a price we do not trust. A visible pause is the correct behaviour; filling at yesterday's number is not.

What that means for you. No regulator supervises how this platform prices, matches or settles. There is no ombudsman scheme, no compensation fund, and no regulatory route of appeal. Your recourse is contractual and, ultimately, through the courts.

What we do comply with. Income-tax obligations under sections 115BBH and 194S, GST on our fees, and the reporting and record-keeping we are required to do as a VDA service provider registered with the Financial Intelligence Unit regime as it applies to us.

We do not take deposits — and now we cannot. There is no way to send us rupees and no balance of yours that we hold. A buyer pays the seller directly and we only move the ARV. Promising a return on money taken from the public is an offence under the Banning of Unregulated Deposit Schemes Act, 2019; holding none of your money at all is the simplest possible distance from that line.

Jurisdiction. Available to residents of India, subject to the laws of India, with exclusive jurisdiction in the courts of India.

Eligibility. You must be 18 or over, resident in India, acting for yourself, and using money that is lawfully yours. One account per person. A second account for the same person or PAN may be closed and any referral commission on it voided.

Your account is yours to protect. Keep your password and your one-time codes to yourself. Anything done through your session is treated as done by you. Tell us at once if you think someone else has access.

Accuracy. The name, date of birth, PAN and address you give must be true and must match your documents. A mismatch will hold up verification, and until you are verified you cannot sell.

What you may not do. Use the platform for anyone else's money, launder proceeds of crime, break sanctions, automate abuse of the API, attempt to interfere with pricing or matching, or attack the infrastructure. Any of these ends the account.

What we may do. Refuse a trade that appears fraudulent or mistaken, hold escrowed units while we investigate a dispute, pause trading when the price feed is unreliable, and change fees or settings with notice on this site. Where we reverse something, it appears as its own ledger entry — never as an edit to the original.

Fees. The buyer pays a platform fee taken from the ARV they receive, never from the rupees they send, and the seller pays no platform fee. The rate that applies is always itemised on the order before you confirm it.

Cancellation and refunds. An unmatched order can be cancelled at any time and the escrow is released in full. Once the units have been released to the buyer the trade cannot be undone — it is an executed transaction, not a purchase of goods, and there is no cooling-off period. Because we never hold your rupees, there is nothing for us to refund; a payment dispute is between you and the person you traded with, and we decide only where the escrowed ARV goes.

Availability. We aim to be up continuously but we do not guarantee it. Maintenance, host failure and feed outages happen, and during an outage you may be unable to trade.

Limits on our liability. We are liable for our own failure to execute what you instructed and for the ARV we hold in escrow for you. We hold none of your rupees, so we are not liable for a payment another user did or did not make. We are not liable for market losses, for the price of Bitcoin, for your tax position, or for consequential loss. Nothing here excludes liability we cannot lawfully exclude — including for fraud.

Closing an account. Sell your ARV to another holder and stop using the platform whenever you like. We keep the records we are required to keep, for as long as we are required to keep them.

We never hold your rupees. There is no deposit and no withdrawal, because there is no balance of yours for us to keep. A buyer pays the seller directly, from their bank to the seller's, and the only thing that moves on this platform is the ARV itself.

The rupees are between the two of you. You pay the seller's own UPI ID, and you are paid to yours. We are not a party to that payment, we cannot reverse it, and we never see the money — we see that the seller confirmed it.

The ARV is escrowed while you pay. When a trade is matched, the seller's units are locked here and cannot be sold to anybody else. They are released to the buyer when the seller confirms the rupees arrived, and returned to the seller if the trade is cancelled. That escrow is what this platform actually does.

If a trade goes wrong, a human decides it. A buyer who has paid and a seller who says they have not is a dispute, and the escrowed units stay locked until we resolve it. We release to the buyer where the payment is evidenced and return to the seller where it is not.

Our fee comes out of the ARV, not the rupees. The buyer receives slightly fewer units than they paid for, and that difference is the platform fee. Nothing is added to what you send the seller.

The ledger is the record. Every unit that moves is written once, append-only. Your holding is a running total of it. If the two ever disagree, the ledger is right, and we reconcile to it.

30% plus 4% cess on gains, whatever your slab. Section 115BBH taxes income from transferring a virtual digital asset at a flat rate. There is no long-term rate, no indexation and no basic exemption applied to it.

Only cost of acquisition is deductible. Not our fee, not the GST on it, not any other expense. We show you those charges because you paid them, and we mark them as non-deductible because they are.

Losses cannot be set off or carried forward. Section 115BBH(2) blocks the set-off against other VDA gains, against any other income, and into the following year. Your statement therefore reports gains and losses separately and taxes the gains alone.

1% TDS on sale, withheld by us. Section 194S applies once your sale proceeds for the year pass the threshold, and crossing it makes the whole of a transfer liable rather than only the part above it. TDS is a credit against what you owe, not an extra tax, and it appears in Form 26AS against your PAN.

No PAN means 20%. Section 206AA raises the withholding rate where we hold no PAN for you. This is the single most expensive blank field on the site.

Cost basis is FIFO. A sale consumes your oldest units first, and the cost recorded against it is fixed at the moment of the sale. A later purchase never changes an earlier disposal.

Referral commission is ordinary income at your slab rate, not a capital gain, and it does not affect the cost basis of your ARV.

Your statement is not a return. Your tax statement is a record of what this platform executed and withheld. It is not a tax return, not a Form 16A, and it knows nothing about holdings you have elsewhere. Check it against Form 26AS and speak to a chartered accountant before you file.

What we ask for, and why. Name, date of birth and address to identify you; PAN because it decides your TDS rate and is required for tax reporting; a UPI ID so a buyer knows where to pay you. That is the list.

When we ask. At the point you first buy — not as a wall in front of the door. You can look around, read everything and see live prices without giving us anything.

Verification is a person, not a rubber stamp. Usually within 24 hours. If something does not match we say what it was so you can correct it, rather than rejecting you without a reason.

Monitoring. We watch for patterns that suggest money laundering, accounts operated for someone else, and structuring around the TDS threshold. We may ask about the source of funds, hold escrowed units while we do, and we are required to report suspicious activity. We will not tell you that we have.

Records. Identity records and transaction records are kept for the statutory retention period after an account closes, because we are required to keep them — not because we want the data.

What we hold. Your email; your KYC details as listed above; your PAN; the last four digits of Aadhaar if you gave them; your UPI ID; every transaction and ledger entry; payment references and any screenshot you upload; login and action audit records with IP address and user agent.

What we do not hold. No full Aadhaar number. No card numbers, no CVV, no UPI PIN and no bank password — payment happens inside your own UPI app and we never see those. No location tracking. No advertising or cross-site tracking cookies of any kind.

Why we hold it. To run your account, to meet tax and AML obligations, and to investigate fraud. Not to profile you and not to sell to you.

Who else sees it. Our hosting provider, which stores the database; the tax authorities, as required; a payment or verification provider where one is used, limited to what it needs; and law enforcement where legally compelled. We do not sell personal data and we do not share it for marketing.

Cookies. One session cookie so you stay signed in, and a CSRF token to stop a third-party site acting as you. Both are strictly necessary and neither follows you anywhere.

Security. Passwords are stored as salted hashes and are never recoverable — a reset replaces them. Uploads are stored where the server refuses to execute anything, and PAN is masked in the interface. No system is perfect; if we suffer a breach affecting you we will tell you promptly and say what happened.

Your rights. Ask for a copy of your data, ask us to correct it, and ask us to delete what we are not required to keep. Records we must retain for tax or AML purposes we will keep, and we will tell you which those are rather than refusing without explanation.

5% of a referred person's first purchase, once. Paid from our own margin, to you in ARV, at the moment their tokens reach their account. Nothing is deducted from them and they pay no more than anyone else.

Single level, and it stays that way. You are not paid on the people they invite, and there is no ongoing cut of anyone's trading. A multi-level structure paid out of what recruits put in is a money circulation scheme under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

Tiers pay in fees, not in cash. Higher tiers lower what you pay to trade. A cash reward scaled to how much other people put in is a promised return funded by their money, which is precisely what the BUDS Act, 2019 prohibits.

Void where abused. Self-referral, a duplicate PAN, or a trade reversed after the commission was paid voids that commission and it is recovered by a compensating ledger entry.

Capped, and taxable. Capped per referral, and it is income at your slab rate rather than a capital gain.

Write to —. Include your registered email and the reference of anything you are asking about. We acknowledge within one working day and aim to resolve within seven.

If a balance looks wrong, say so and quote the ledger reference. We reconcile the ledger against the wallet and correct any difference with a compensating entry, which will be visible to you in your history.

If you are unhappy with the outcome, there is no regulatory ombudsman for this product — see regulatory status. Your remedy is contractual, in the courts of India.