By creating an account, accessing, or using the Denaro Pay platform — including the web application at denaropay.com, the mobile application at denaropay.app, and all associated APIs — you agree to be bound by these Terms of Service ("Terms") and all applicable laws and regulations. If you do not agree to these Terms, do not create an account or use the Service.
These Terms constitute a binding legal agreement between you ("User") and Denaro Pay Incorporated, a Delaware corporation ("Denaro Pay," "we," "us," or "our"). Denaro Pay reserves the right to modify these Terms at any time. Continued use of the Service following modification constitutes acceptance of the revised Terms.
To use the Denaro Pay platform, you must: (a) be at least 18 years of age; (b) have the legal capacity to enter into binding contracts under applicable law; (c) not be a resident of, or located in, any jurisdiction subject to comprehensive U.S. sanctions, including but not limited to Cuba, Iran, North Korea, Syria, and Russia; (d) not be named on the OFAC Specially Designated Nationals list or any other applicable sanctions list; and (e) successfully complete Denaro Pay's Know Your Customer (KYC) verification process.
KYC Verification: Denaro Pay uses Persona to conduct identity verification, which requires submission of a government-issued photo identification document and a real-time liveness check. KYC verification must be completed and approved before wallet creation, card issuance, or fund transfers are enabled. Denaro Pay reserves the right to refuse account creation or suspend accounts that fail to meet KYC requirements.
Sanctions Screening: Denaro Pay automatically screens all applicants against the OFAC Specially Designated Nationals list, the EU Consolidated Financial Sanctions List, and other applicable watchlists via Chainalysis. Accounts matching sanctions watchlists will be blocked without notice as required by applicable law.
Each Denaro Pay account includes a Circle Programmable Wallet on Coinbase Base ("Wallet"). Your Wallet holds USD Coin (USDC) issued by Circle Internet Financial. Your USDC balance is held in your individual custody and is segregated from Denaro Pay's balance sheet and the balances of other users.
Not a Bank Account: Denaro Pay is not a bank. Your USDC balance is not a deposit and is not insured by the Federal Deposit Insurance Corporation (FDIC). USDC is a stablecoin pegged to the U.S. dollar, issued by Circle Internet Financial, and backed one-to-one by U.S. dollar reserves and U.S. Treasury instruments held in regulated financial institutions. The stability and redeemability of USDC depends on Circle Internet Financial and its banking relationships.
Transaction Authorization: Every outbound USDC transfer requires biometric confirmation (Face ID or fingerprint). Transfers exceeding $500 USD in value additionally require two-factor authentication via SMS. New wallet addresses added to your account are subject to a 24-hour whitelist delay before the first transfer can be sent to that address.
Transfer Fees: The standard fee per on-chain USDC transfer on Base L2 is $0.001. Fiat off-ramp fees, if any, are disclosed prior to transaction confirmation. Denaro Pay does not charge fees on incoming transfers.
Denaro Pay offers a virtual Visa debit card issued by Marqeta, Inc. ("Marqeta") and a physical Visa debit card upon request. Card issuance is subject to KYC approval and Marqeta's cardholder agreement, which is incorporated herein by reference. Card transactions are settled from your USDC wallet balance. Currency conversion at point of sale is conducted at the mid-market exchange rate with zero spread applied by Denaro Pay; however, the underlying Visa network may apply standard network fees in certain jurisdictions.
Physical card issuance requires a one-time fee of $24 USD, charged from your USDC wallet balance. Virtual cards are available at no cost upon account opening. You may freeze or unfreeze your card at any time via the Denaro Pay application. Denaro Pay and Marqeta reserve the right to suspend or cancel card privileges for violations of these Terms or Marqeta's cardholder agreement.
Denaro Pay routes idle USDC balances into Morpho Blue lending markets on Coinbase Base to generate yield. The current yield rate of 5.20% APY is variable and is determined by market conditions in the Morpho Blue protocol. Yield is credited to your wallet balance on every Base block, approximately every two seconds, and compounds continuously.
Yield is not guaranteed. Rates may increase or decrease based on market conditions. There is no lockup period and no minimum balance required. Your USDC is not rehypothecated. Participation in yield generation carries risks inherent to DeFi lending protocols, including smart contract risk and liquidation risk in extreme market conditions. By using the yield feature, you acknowledge and accept these risks.
CREST AI is an automated trading execution engine that connects to Tradovate and Rithmic via OAuth to execute futures trades on behalf of the User. CREST AI is licensed at $99 per month per active subscription.
CREST AI is not investment advice. CREST AI is an automated execution tool. It does not constitute a managed investment service, broker-dealer activity, or investment advice. Past trading performance is not indicative of future results. Trading futures contracts involves substantial risk of loss, and you may lose all capital in your trading account.
Performance Fee: A performance fee of 10% of net trading profits applies exclusively to United States residents operating funded prop firm accounts connected via Tradovate or Rithmic OAuth. International clients, live capital account clients, and any client not fitting this precise definition retain 100% of trading profits. The performance fee is deducted from each payout cycle and disclosed prior to disbursement. Denaro Pay does not have discretionary control over your trading account.
OAuth Authorization: By connecting a Tradovate or Rithmic account, you authorize Denaro Pay to receive and use an OAuth access token with execution rights. This token does not grant Denaro Pay withdrawal rights from your trading account. You may revoke this authorization at any time.
Pay Advance allows eligible CREST AI subscribers to receive a USDC advance against an approved prop firm payout before the underlying wire is received. An advance fee of 2% is charged on the advanced amount and is collected from the incoming wire on receipt. The advance fee is not charged on the gross payout amount but on the net amount advanced to the user's wallet.
Pay Advance is available only to CREST AI subscribers with connected prop firm accounts via Tradovate or Rithmic OAuth. Advances are subject to eligibility review on a per-payout basis. Denaro Pay carries the default risk of any advance disbursed. Users are not liable for wire delays or failures; the advance is collected only from the incoming wire and never from the user's USDC wallet balance.
You may not use the Denaro Pay platform to: (a) violate any applicable law or regulation; (b) launder money or finance terrorism; (c) circumvent sanctions or trade restrictions; (d) engage in fraudulent, deceptive, or manipulative activity; (e) access accounts belonging to other users without authorization; (f) introduce malware or disrupt platform infrastructure; (g) use the platform in any jurisdiction where it is prohibited; or (h) use CREST AI to engage in any trading activity prohibited by your connected prop firm or live capital account agreement.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, DENARO PAY AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND PARTNERS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION LOSS OF PROFITS, LOSS OF DATA, OR LOSS OF TRADING CAPITAL, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, EVEN IF DENARO PAY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
DENARO PAY'S TOTAL CUMULATIVE LIABILITY TO YOU FOR ANY CAUSE OF ACTION SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO DENARO PAY IN THE THREE MONTHS PRECEDING THE CLAIM.
These Terms are governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions. Any dispute arising under these Terms shall be resolved exclusively through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, with proceedings conducted in New York, NY. You waive any right to a jury trial and to participate in class action proceedings.
Questions about these Terms should be directed to Jeffrey Terranova, Founder, Denaro Pay Incorporated, at Jeffrey@denaropay.com.