Terms of service

Last updated · November 2026

1. Who we are

Coynitt is operated by Coynitt Canada Inc., an Alberta-incorporated business (the "Company"). Coynitt Canada Inc. is registered with FINTRAC as a money services business (MSB registration no. N300002230). Registration is not a licence or an endorsement. Coynitt is not yet open to the public and is not accepting customer funds. Launch is subject to further regulatory requirements, including registration with the Bank of Canada under the Retail Payment Activities Act. No launch date has been set.

2. Eligibility

To use Coynitt you must be 18 years or older, a Canadian resident with a valid Canadian address, and able to pass our Sumsub-administered KYC. We reserve the right to refuse service to anyone we cannot verify.

3. Your account

You are responsible for keeping your sign-in credentials secure and for any activity from your account. If you think someone got in, message us through support immediately and we will lock your account.

4. How funds are handled — important

Coynitt is not open yet. We will describe how funds move before it opens.

You are not issued a private key or recovery phrase.

Transfers may be delayed, blocked, or reported as required by FINTRAC, sanctions law, or our AML obligations.

A Coynitt account is not the same as a Canadian bank account. It is not CDIC-insured. You should treat it accordingly.

5. Fees

Our fees are listed on the homepage fee table and are shown to you at confirmation, before you commit. If a partner network (mobile money, bank rail) charges a receive-side fee, that's set by them and disclosed at confirmation.

6. Prohibited use

You agree not to use Coynitt to:

• Send funds derived from criminal activity (including but not limited to fraud, drug trafficking, terrorism financing, or human trafficking).
• Send funds to sanctioned individuals or jurisdictions.
• Circumvent any FINTRAC, OFAC, EU, or UN sanctions regime.
• Operate as an unregistered money transmitter through our platform.
• Test, probe, or attempt to compromise our platform's security without prior written authorisation.

Transactions will be monitored, and suspicious activity reported to FINTRAC as the law requires.

7. Liability

To the extent permitted by Alberta law, the Company's total liability for any claim arising from your use of Coynitt is limited to the fees you paid us in the 12 months preceding the claim. We do not insure against losses caused by your own loss of credentials, third-party network outages, or chain-level events outside our control.

8. Changes

We may update these terms from time to time. Material changes will be sent to you by email and shown on first sign-in after the change. Your continued use after a change is your acceptance.

Questions? legal@coynitt.ca.