Terms, risk & privacy

Written to be read, not to be survived. Where something works against you it says so in the same size type as everything else. Last updated —.

Risk disclosure

You can lose money here, including a large part of what you put in. ARV tracks Bitcoin. Between November 2021 and November 2022 Bitcoin fell roughly 77%, and ARV would have fallen with it — a holder who bought at the top and sold at the bottom would have taken a loss of that order. That is not a worst case invented for a disclaimer; it happened, and this platform's own chart shows it.

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.

What ARV is

ARV is a unit of account on this platform whose rupee price is derived from the price of Bitcoin. One ARV was defined as ₹1.00 at launch on —, when Bitcoin was $47,110.33 and the dollar was ₹73.073. Every price since is that base moved by the change in Bitcoin measured in rupees:

ARV = 1.00 × (BTC_now × FX_now) ÷ (47,110.33 × 73.073)

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 withdraw to a 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.

Regulatory status

Not registered with any financial regulator. Not with SEBI, not with the RBI, not with IRDAI or PFRDA. Virtual digital assets are taxed in India but they are not, at the time of writing, a regulated financial product, and this platform holds no licence to deal in securities, to advise, or to take deposits.

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. Rupees you send sit in your platform balance as a payable to you. We do not pay interest on them, we do not promise a return on them, and we do not lend them out. Promising a return on money taken from the public is an offence under the Banning of Unregulated Deposit Schemes Act, 2019, and it is a line this platform does not go near.

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

Terms of use

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 withdrawals.

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 or reverse a transaction that appears fraudulent or mistaken, hold a withdrawal while we verify it, 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. Entry and exit fees are shown before you confirm any order, with GST on the fee stated separately. Deposits and withdrawals carry no platform fee. Current rates are always in the footer of every page and on the overview.

Cancellation and refunds. An unfilled order can be cancelled at any time and the escrow is released in full. A filled order cannot be undone — it is an executed transaction, not a purchase of goods, and there is no cooling-off period. A deposit that was never credited is returned to the account it came from.

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 money we hold for you. 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. You can withdraw your rupee balance 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.

Money, orders & settlement

Deposits are credited on confirmation, not on scanning. A UPI QR sends a request one way and returns nothing to us — no callback and no signature. So we credit a deposit when we can see the money against the bank statement, which is why we ask for a UTR or a screenshot. Usually 2–15 minutes.

Money moves through your rupee balance, never person to person. You never pay another user and no user ever pays you. That is deliberate: direct transfers between strangers are how disputes, chargebacks, mule accounts and frozen bank accounts happen.

Buys fill immediately. Against resting sell orders where they exist, and against the treasury otherwise.

Sells prefer a real buyer. A sale is matched against genuine demand first. If none arrives within the fallback window (60 minutes), the treasury takes the other side at the same index price. Without that fallback a holder would be trapped in a falling market, which is exactly when selling matters.

Escrow. While a buy order rests, the rupees it needs — including the fee and the GST on the fee — are held and cannot be spent twice. While a sell order rests, the units are held the same way. Cancel and the hold is released in full.

Withdrawals go to your own UPI ID. To the VPA on your verified profile and nowhere else. Usually 5 minutes to 1 hour. A withdrawal can be cancelled by you until it is approved.

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

Tax treatment

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.

KYC & anti-money-laundering

We never ask for a full Aadhaar number, and we never store one. Holding Aadhaar numbers without being a licensed authentication agency is an offence under the Aadhaar Act, 2016, carrying imprisonment. The field on this site accepts four digits and cannot accept twelve. When we add full verification it will run through a licensed provider that answers yes or no and never hands us the number.

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 withdrawals have somewhere to go. 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 a withdrawal 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.

Privacy

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; deposit UTRs 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.

Referrals

5% of a referred person's first deposit, once. Paid from our own margin into your rupee balance. 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 deposits 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 deposit is a promised return funded by deposits, which is precisely what the BUDS Act, 2019 prohibits.

Void where abused. Self-referral, a duplicate PAN, or a deposit 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.

Complaints & contact

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.

These terms may be updated. Material changes will be announced on this site before they take effect, and the date at the top of this page will change. If a translation of this page ever disagrees with the English, the English governs.