An Overview of the CRYPTODER Platform
IN DIEM Lawyers, through its specialized Cryptocurrency Area, has been monitoring CRYPTODER for months as the first cryptocurrency exchange platform established in Spain.
CRYPTODER.COM promotes itself as a Spanish platform dedicated to cryptocurrency exchange based in Valencia. Its advertising is highly effective, managing to penetrate numerous forums, websites, and social networks, where they describe the ease with which you can start investing in cryptocurrencies such as Bitcoin, Ethereum, LiteCoin, Bitcoin Cash, and Iota, among many others.
In any case, our investigation has highlighted several details that should be taken into consideration:
1.- CRYPTODER’s registered company name is “IT CRYPTODER GROUP SOCIEDAD LIMITADA”. According to the BORME (Official Gazette of the Mercantile Registry), its incorporation and commencement of operations date back to February 1, 2018; it is therefore a very recent company with a limited track record, which at the time of this publication is less than ten months old.
2.- Regarding share capital, CRYPTODER only provided the amount of 3,100 Euros for incorporation purposes. This is the minimum capital required under Spanish law to form a Limited Liability Company, which gives us little confidence in its economic capacity to meet financial and legal liabilities arising from its activity—which, it should be noted, is complex due to the interconnected financial processes involved in cryptocurrency exchange.
3.- The Director of CRYPTODER is SIKORA WOJCIECH, who, according to available information, is of Polish nationality. We have no record of proven experience in the Cryptocurrency sector or exchange platforms, nor of any administrative positions in other companies in our country.
The reason for our inquiry is the potentially irregular operations of CRYPTODER with its clients, which are generating an increasing number of incidents and irregularities, leading to consultations and actions for claims and defense.
Warning: Failed Transactions in CRYPTODER
The ease with which Cryptoder presents entry into the crypto world does not quite align with comments posted on websites and forums; including, for example, those on the Organization of Consumers and Users (OCU).
CRYPTODER Terms and Conditions of Service: No Warranties
We have also reviewed CRYPTODER’s website to check the security and guarantees offered in its Terms and Conditions of Service.
Our analysis has raised significant questions and concerns, as CRYPTODER transfers almost all responsibility for losses to the user or client, even those caused by structural failures of its servers, maintenance of its own wallets, or the lack of a guarantee for the sale of cryptocurrencies purchased on this website.
In this regard, and by way of example, the following conditions are noted:
[8.1. The company is not responsible for losses caused by outages, network volatility, wallet maintenance, or market conditions.]
[6.7. The use of purchase services on the Cryptoder website does not guarantee that you will always be able to sell the purchased Cryptocurrency to the Company. All prices appearing on Cryptoder are for information purposes and may change at any time. Cryptoder shall also not be obliged to purchase any Cryptocurrency from you that has ceased to exist since its purchase, has introduced significant changes affecting operations, or due to reasons of force majeure.]
[12.3. Cryptoder reserves the right to add, remove, or modify any provision of these terms and conditions at any time and without prior notice. Failure to receive notification of a change to these terms and conditions does not invalidate that change. These terms of use govern the opening, use, and closure of your Cryptoder account and other services related to our service. These terms and conditions are available for everyone to view, and the customer must read them carefully. You can always view the updated terms of use on our website. By registering, you agree to these terms and conditions.]
We encourage anyone with knowledge of the service—including Cryptoder users and customers—to share their experiences in the comments section. We will personally provide updates on the measures we are taking to ensure your maximum security.
In any case, we currently consider CRYPTODER to be a high-risk platform, with no track record in crypto-asset activity and minimum share capital for the development of this type of activity, which is requiring users and clients to take preventive actions and virtual asset recovery measures.
IN DIEM Lawyers Specializing in Cryptocurrencies: Defense in Cases of Scams, Fraud, and Breaches of Contract
The IN DIEM Abogados practice area specializing in Cryptocurrencies and Bitcoin has extensive experience and a high degree of knowledge in New Technologies and Cryptocurrencies. We operate and advise not only in relation to the virtual currency Bitcoin but also with all existing cryptocurrencies including: Ethereum, Ripple, Litecoin, Dash… and investments in ICOs (Initial Coin Offerings), offering our clients the appropriate operational strategy and the necessary advice for their transactions and investments.
The highly specialized IN DIEM Crypto and Law Practice Area, made up of a multidisciplinary team of IT specialists, finance professionals, and expert lawyers, will support the secure development of your transactions and investments. We have the technical and operational resources to analyze potential investments and transactions, assist with mining operations, and implement regulatory or legal compliance frameworks. Our advisory work also covers matters related to anti-money laundering regulations, as well as virtual currencies and the Spanish Tax Agency. IN DIEM attorneys handle defense in cases of breaches, fraud, and scams involving cryptocurrencies and ICOs.
More info: Trading Platforms Showing Signs of Fraud or Scams, According to the FSMA
The Belgian Financial Services and Markets Authority (FSMA) warns that “there is currently no supervision of online platforms active in the cryptocurrency sector,” and provides a list of platforms with indications of fraud or scams based on reports received from consumers.
Although various lists of this type of platform exist where fraud or scams are reported, the FSMA is the only European body that has this tool available, and it can be consulted at this LINK.
Despite the incidents that CRYPTODER is causing, as of the date of this publication, we are not aware of any entry for CRYPTODER on this or similar lists.
Preguntas frecuentes sobre Cryptoder y riesgos en plataformas cripto
¿Por qué se consideraba una plataforma de riesgo?
El artículo señalaba factores como la reciente constitución de la sociedad, su escaso recorrido en el sector, el capital social mínimo aportado y determinadas condiciones contractuales que trasladaban al usuario una parte relevante de los riesgos operativos.
¿Qué problemas podían tener los usuarios de Cryptoder?
Entre los posibles problemas se mencionaban operaciones fallidas, dificultades para vender criptomonedas, pérdidas derivadas de incidencias técnicas, falta de garantías suficientes y dudas sobre la capacidad de la plataforma para responder ante reclamaciones.
¿Qué importancia tienen los términos y condiciones de un exchange?
Los términos y condiciones determinan los derechos y obligaciones del usuario y de la plataforma. Es fundamental revisar cláusulas sobre responsabilidad, custodia, mantenimiento de billeteras, disponibilidad del servicio, compraventa de activos y modificación unilateral de condiciones.
¿Puede una plataforma cripto limitar su responsabilidad frente al usuario?
Puede intentar establecer limitaciones contractuales, pero estas deben analizarse jurídicamente. En determinados casos, las cláusulas pueden ser discutibles si generan desequilibrio, falta de transparencia o dejan al usuario sin protección efectiva ante fallos relevantes del servicio.
¿Qué debe revisar un usuario antes de operar en un exchange?
Conviene revisar la antigüedad de la sociedad, solvencia, equipo gestor, condiciones de uso, políticas de custodia, medidas de seguridad, reputación, reclamaciones previas, registros regulatorios y existencia de advertencias de autoridades supervisoras.
¿Qué hacer si una operación con criptomonedas falla?
Es recomendable conservar justificantes, capturas de pantalla, correos, hashes de transacciones, comunicaciones con soporte, condiciones contractuales vigentes y cualquier prueba de la incidencia para valorar una reclamación extrajudicial o judicial.
¿Se pueden reclamar pérdidas frente a una plataforma cripto?
Sí, en determinados supuestos. La viabilidad dependerá de la causa de la pérdida, las condiciones aceptadas, la conducta de la plataforma, la prueba disponible, la existencia de incumplimiento contractual y el marco regulatorio aplicable.
¿Qué papel tienen organismos como la FSMA en estos casos?
Autoridades como la FSMA publican advertencias o listados sobre plataformas con indicios de fraude o riesgo, basándose en información recibida de consumidores. Aunque no sustituyen el análisis jurídico del caso concreto, pueden ser útiles como referencia preventiva.
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