According to our Terms & Conditions, you as customer warrant that you are the beneficial owner of funds, customer account and cryptocurrency wallet address. This means that you can only sell and purchase cryptocurrency using your own personal funds, customer account/cryptocurrency wallet address and you warrant to not conduct any transactions on behalf of someone else.

Safello AB is not a payment service provider and using our platform to pay for any services or products (legal or illegal) is a breach of our Terms & Conditions. Safello is allowing you to exchange fiat to cryptocurrency and cryptocurrency to fiat to your own account and wallet only.

Problems may occur whenever you buy a cryptocurrency and place those funds in the wallet that is owned by somebody else, in exchange for some product or service. That practice can result in freezing your account and excluding you from future usage of Safello’s services.

Additionally, as mentioned above, you need to be the beneficial owner of funds, customer account and cryptocurrency wallet address. It means that the name provided by the payment operator or bank needs to match your account name.

Example of wrong activity: You want to buy Bitcoin using our widget and you log in with your BankID but when paying, you use your friend’s Swish service and you indicate to place cryptocurrency on the wallet provided by another company (and you don’t control that wallet).

Example of proper activity: You want to buy Bitcoin using our widget and you log in with your BankID. You use your own Swish to pay to Safello and you place cryptocurrency funds in the wallet that you control and have access to.

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