Legal & Licensing

Is ChainATM a crypto exchange or a broker?

No. ChainATM is software: an AI agent that helps you operate your own wallet. ChainATM never holds your money, never takes the other side of a trade with its own capital, and does not operate a trading platform or order book.

Who holds my crypto?

ChainATM does not operate an omnibus customer wallet or hold crypto on its own balance sheet. The default embedded wallet is provided by Privy. After you confirm a supported action, execution may use ChainATM's authenticated backend and Privy's wallet infrastructure, or request approval from a connected external wallet, depending on the route. A confirmation screen is not proof that every action is signed only on your device or universally gated by a passkey. Our reading of the EU's Markets in Crypto-Assets Regulation (MiCAR, Recital 83) is that providers of non-custodial wallet software fall outside its scope. That is our assessment, not a regulatory determination.

Who processes my fiat purchase?

Fiat-to-crypto purchases and identity verification on ChainATM are handled inside the third-party provider shown in the live flow. Provider, availability and terms depend on your region and the current product route. Check the destination wallet in that flow before confirming.

Who executes my swaps and transfers?

A typed or spoken request is not approval. In the current reviewed flows, you see a proposal and confirm it in the app before execution is requested. For the current embedded-wallet swap path, ChainATM's authenticated backend asks Privy to execute after confirmation. Other routes can request approval from a connected external wallet. ChainATM does not execute against its own balance sheet.

Does ChainATM hold a MiCAR / CASP licence?

No. ChainATM does not hold its own MiCAR or CASP authorisation. Our assessment is that ChainATM operates as non-custodial software; this is not a regulatory determination. Fiat purchase and identity verification take place in the third-party provider flow shown to you.

What are credits? Are they e-money?

Credits are prepaid usage of ChainATM's software features. They are denominated per action, personal to your account, non-transferable, and, outside of statutory refund rights, not redeemable for money. Credits are not a deposit, not e-money and not a claim on funds: your purchase money for crypto never touches ChainATM at all.

Any applicable provider, network, credit, or subscription cost is shown before you confirm or purchase.

Which company is behind ChainATM, and which law applies?

ChainATM is built and operated by Noctra Labs UG (haftungsbeschränkt), Trier, Germany. Company details are in the Imprint; how we handle data is in the Privacy Policy.

Risk notice

Crypto-assets are volatile and may lose value. Wallet control, authentication and recovery depend on the wallet path and provider configuration. ChainATM provides software and information, not investment advice; nothing in the app or on this site is a recommendation to buy or sell any asset.

Questions

Regulatory or legal questions: contact@noctra-labs.com