This privacy policy (hereinafter – the “Privacy Policy”) governs the manner in which the PiByt platform (hereinafter – the “PiByt”, “we”, “us”, “our”) collects, uses, processes, stores, and discloses information received from users of our website PiByt.com (“Website”) in order to provide you with services available through the Website (hereinafter – the “Services”).
This Privacy Policy has incorporated provisions of the EU General Data Protection Regulation (GDPR), ePrivacy Directive, The Data Protection Act and is compliant with them and set in coherence with other valid generally binding legal regulations as we act in accordance with personal information processing rules within the European Economic Area (EEA).
We respect the privacy of all users of the Website and ensure that the Personal Data of the consumers are treated confidentially and in compliance with applicable laws and regulations.
This Privacy Policy applies to the Website, the Services, and products offered by PiByt (whenever you use Services through the Website or mobile application or by corresponding with us - for example, by e-mail or by filling messaging form on the Website).
We assume that you have carefully read this document and accepted it.
By using the Website, our Services, and products offered by PiByt, contacting us you express your consent to the terms of this Privacy Policy. By clicking the confirm-checkbox while creating the Account on the Platform you provide us with your explicit consent to the terms of this Privacy Policy and all the data practices described in this Privacy Policy and in the User Agreement including the processing, storage, and usage of your Personal Data.
If you disagree with this Privacy Policy, then you should refrain from using our Website, mobile application, and/or Services or opening an Account. This Privacy Policy is an integral part of our User Agreement.
What is GDPR, who is under compliance?
The General Data Protection Regulation (“GDPR”) is EU privacy and data protection law. It calls for more granular privacy guardrails in an organization’s systems, more nuanced data protection agreements, and more consumer-friendly and detailed disclosures about an organization’s privacy and data protection practices.
This Regulation applies to the processing of Personal Data wholly or partly by automated means, and to the processing other than by automated means of Personal Data which form part of a filing system or are intended to form part of a filing system. Generally, The GDPR requirements apply to all companies, institutions, and organizations that process Personal Data.
Processing Personal Data is a broad concept under the GDPR
The GDPR governs how the Personal Data of individuals may be processed by organizations. “Personal Data” and “processing” are frequently used terms in the legislation, and understanding their particular meanings under the GDPR illuminates the true reach of this law:
Personal Data is any information relating to an identified or identifiable individual. This is a very broad concept because it includes any information that could be used on its own or in combination with other pieces of information to identify a person. Personal Data is not just a person’s name or e-mail address. It can also encompass information such as financial information or even, in some cases, an IP address. Moreover, certain categories of Personal Data are given a higher level of data protection because of their sensitive nature and are not processed. These categories of data are information about an individual’s racial and ethnic origin, political opinions, religious and philosophical beliefs, trade union membership, genetic data, biometric data, health data, information about a person’s sex life or sexual orientation, and criminal record information (including Personal Data about criminal offenses, or alleged offenses).
Processing Personal Data is the key activity that triggers obligations under the GDPR. Processing means any operation or set of operations that is performed on Personal Data or on sets of Personal Data, whether or not by automated means, such as collection, recording, organization, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure, or destruction. In practical terms, this means any process that stores or consults Personal Data is considered processing.
The GDPR can apply to organizations located outside the EU
The GDPR is relevant to any globally operating company, not just those located in the EU. Under the GDPR, organizations may be in scope if (i) the organization is established in the EU, or (ii) the organization is not established in the EU, but the data processing activities are with regard to EU individuals and relate to the offering of goods and services to them or the monitoring of their behavior.
We operate a No-KYC (Know Your Customer) platform, meaning we do not collect personally identifiable information such as your name, address, or identification documents. However, we may collect the following data:
We use cookies to enhance your browsing experience. Cookies help us analyze web traffic and improve our platform. By using our platform, you consent to the use of cookies. You may disable cookies through your browser settings if you prefer.
We may use third-party tools or services for analytics, security, or other purposes. These third-party services are bound by their own privacy policies.
We use a variety of physical, technical, and administrative security measures to ensure the confidentiality of your Personal Data, and to protect your Personal Data from loss, theft, unauthorised access, misuse, alteration or destruction as well as from other illegal actions of third parties.
We implemented such security measures as data encryption when in transit and storage, data storage diversification, strict physical access controls to buildings & files, anonymization technology, data and asset diversification, and strict physical access of a minimum number of individuals, using multisign access tools, and subject to confidentiality commitments.
We make sure that we regularly review our information security policies and measures and, where necessary, improve them.
We may update this Privacy Policy from time to time. We will notify you of any significant changes by posting the updated policy on our website. Your continued use of our platform constitutes your acceptance of the updated policy.
If you have any questions or concerns about this Privacy Policy, please contact us at:
