Answer: You will be notified of such changes by email and the relevant announcement will be posted on the Website and social media. In each case, LiteBit strives to provide such notice at least 10 (ten) calendar days prior to such change taking effect, although certain circumstances may warrant a shorter notice period. LiteBit bears no responsibility for any damages occurring after delisting a cryptocurrency.
In case LiteBit Wallets for a particular cryptocurrency will be discontinued, you will have 30 (thirty) calendar days (the "Grace Period") from the date of the abovementioned announcement to
- transfer any remaining cryptocurrency in that LiteBit Wallet to a third party wallet or
- sell any remaining cryptocurrency in that LiteBit Wallet using the Service.
Any unsold cryptocurrency remaining in the LiteBit Wallet at the end of the Grace Period may be sold by LiteBit on the first Dutch business day following the final day of the Grace Period at the then prevailing market rates.
The proceeds of such sale, minus any applicable LiteBit fees, will be transferred to your LiteBit account as LiteBit Credits within 10 (ten) Dutch business days of the sale. LiteBit has the explicit right to delete wallets of delisted coins after the funds (against the market price of the deleting) are returned to the client.
If returning the funds to the client is not possible the coins are sold against the then current market price and held for the client. In the situation where the delisted cryptocurrencies cannot be sold to any party the currency the market value is zero and no funds can be returned. The fees and conditions for such transactions are determined on a case-by-case basis.
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