LEGAL
The six texts below govern the sale and use of the UMRAYS software and the processing of personal data. Acceptance of these texts is required during the checkout process; your acceptance is recorded with a timestamp.
Version 1.0
Let us first make this clear
UMRAYS is licensed desktop software that you install on your own computer. It does not accept money on your behalf, hold assets, accept custody, match users with one another or provide investment advice. The software connects to your own Binance account using the API key you create; your assets remain on Binance, in your account, from start to finish. You define the conditions under which orders are triggered.
Your Binance API key is stored only on your own computer, encrypted with a key unique to your device. Your key is not transmitted to UMRAYS; we hold no copy of it. Likewise, your trade records, open positions and balance remain on your device and are not copied to our servers.
The software's external connections are limited to Binance and to the Telegram bot you set up yourself. The software does not make withdrawal or inter-account transfer calls; we recommend that you create your API key with withdrawal permission disabled.
We hold only the minimum account information required for the license and invoicing. What is retained, for what reason and for how long is set out item by item in the 04 · Privacy and Personal Data section — the fourth text on this page.
Crypto asset and leveraged trading risks
Leveraged crypto asset trading may result in the loss of the entire amount you have deposited. Before using UMRAYS, you must confirm that you have read and understood this disclosure.
Crypto assets are highly volatile. Prices can change sharply within a short period. In leveraged (Futures) trading, losses extend across the entire position, limited to the margin you have deposited, and you may lose your entire margin.
When the price moves against you, the exchange may automatically close your position due to insufficient margin (liquidation). UMRAYS's Liquidation Shield module attempts to widen the distance to liquidation by adding margin to the position, within the budget you allocate and the rules you define; it does not guarantee that liquidation will not occur. In sudden and deep price movements (wicks, flash crashes), the protection may not react in time.
Example scenarios, past results and demo data shown in the interface, on promotional pages or in documentation are not indicative of future results. Results obtained in demo (paper) mode may not be replicated under real market conditions (order fills, slippage, fees).
You alone decide which rules to choose, how much capital to allocate and which leverage to use. Do not trade with money you cannot afford to lose. You are responsible for the tax consequences of crypto asset transactions and for their compliance with the laws of the country in which you are located.
Software license and terms of use
This agreement is entered into between UMRAYS and the natural or legal person using the software (hereinafter the "User"). The agreement governs the terms of use of the UMRAYS software and is concluded electronically upon acceptance during the checkout process.
UMRAYS grants the User a personal, non-transferable and non-exclusive right of use, within the scope of the plans and modules purchased and for the specified term. The license is assigned to your account; you can install the software on any device you like, with one session open at a time.
The software runs on the User's own computer. By entering the API keys of their own Binance account into the software, the User enables orders to be transmitted on their own account.
The User may not copy, reproduce, rent, sell or sublicense the software, decompile it into source code (reverse engineering), attempt to circumvent license protection or offer the software to third parties as a service.
All rights in the software, interface, algorithms, visual assets, trademark and documentation belong to UMRAYS. The license does not constitute a transfer of ownership.
UMRAYS reserves the right to develop and update the software and to change how the modules operate. No commitment is made to uninterrupted and error-free operation. Certain functions may be restricted or discontinued due to changes in exchange APIs or in legislation.
Plans and modules are sold for a day-based term. The term begins at the time of purchase and lasts for the number of days shown in your plan. Payments are made from your APEX balance; 1 APEX = 1 USD, and APEX is not a crypto asset but a payment unit valid only within UMRAYS. APEX top-ups are received through the licensed payment institution; your card details are not transmitted to UMRAYS.
Plan upgrades. When you move to a higher plan, the value of the unused days of your current plan (plan price ÷ 30 × remaining days) is credited to your balance in APEX; the new plan is charged to your balance at its full price. Example: if your 39 APEX plan has 12 days remaining, 15.6 APEX is credited to your balance.
The User may stop using their license at any time. UMRAYS may suspend or terminate the license in the event of a breach of this agreement, an attempt to circumvent license protection or unlawful use. In the event of termination, claims relating to unused time are subject to the principles set out in the Right of Withdrawal and Refunds section.
10% of the first payment made to UMRAYS by a user who signs up through your invitation link is credited to your account in APEX, once per user; no referral share is credited for that user’s later payments. The user who signs up through your invitation link also receives 10% of their own first payment as gift APEX, once; if that payment is refunded, the gift is withdrawn. Conditions:
This agreement is governed by Turkish law. The right of users acting as consumers to apply to Consumer Arbitration Committees and Consumer Courts is reserved.
Under the Distance Contracts Regulation
UMRAYS is a digital service performed instantly in electronic form. Pursuant to subparagraph (ğ) of the first paragraph of Article 15 of the Distance Contracts Regulation, the right of withdrawal cannot be exercised for contracts relating to services performed instantly in electronic form and intangible goods delivered instantly to the consumer.
For this exception to apply, you must give your express consent to the service starting immediately and confirm that you acknowledge you will lose your right of withdrawal. For this reason, the payment screen contains a mandatory checkbox:
"I want the service to start immediately; I acknowledge that I lose my right of withdrawal."
Payment cannot be completed unless this box is ticked. Your consent is recorded with a timestamp, together with the time at which the pre-contractual information was presented. If performance begins without consent having been obtained, your right of withdrawal is not forfeited.
Before the contract is concluded, the characteristics of the product, the total price including taxes, the method of payment and performance, the identity of the seller and the circumstances in which there is no right of withdrawal are clearly presented. This information is displayed during the checkout process and a record of it is retained.
As this service does not give rise to a right of withdrawal, you may exchange a module you have purchased for another module once a month: the monetary value of your remaining days is converted into days on the new module. No refund of money or APEX is made to your balance in this process. The conditions are shown on the relevant screen in the interface. When moving to a higher plan, however, the value of unused days is credited to your balance in APEX (Terms of Use, Article 7).
The above exception does not remove your rights in respect of defective services. Should the software fail to perform its stated function, your optional rights under Consumer Protection Law No. 6502 are reserved. You may write to billing@umrays.com with your claims.
Information notice under Article 10 of the KVKK
Your Binance API keys are stored in encrypted form, only on your own computer. They are not sent to our servers, and they are neither viewed nor stored by us. Orders are transmitted directly from your device to the exchange. Your assets always remain in your own Binance account; at no stage does UMRAYS hold your assets.
| Data | Purpose | Legal basis |
|---|---|---|
| Email address | Account creation, license verification, notifications | Conclusion and performance of the contract |
| Plan / day status | Management of license and module periods | Performance of the contract |
| APEX transaction ledger | Balance, purchase and module change records | Performance of the contract, legal obligation |
| Device ID | Enforcing the one-session-at-a-time rule | Legitimate interest (account security) |
| Consent records | Pre-contractual information and proof of consent to waive withdrawal | Legal obligation |
| Support form: name, email, subject, order/license no., message | Responding to the request | Legitimate interest, performance of the contract |
| Review form: first name, last name, email, rating, review text | Review of your submission; with your consent, publication with your first name and the initial of your last name | Explicit consent (checkbox on the form) |
| Academy application: channel name and link, email, video language, module, note | Evaluating the application and contacting you | Legitimate interest |
| Site usage statistics: pages opened, time spent on the page, how much of the page was scrolled, links and buttons clicked, name of the referring site and campaign tag, device type, browser, operating system, language and the country determined from the IP address at that moment. The IP address is not written to this record. | Site statistics (number of visits, country, referring source, page usage) | Legitimate interest |
| Server security logs: IP address, requested address, browser type, time | Site security and prevention of abuse | Legitimate interest |
| Language preference | Displaying the interface in your chosen language | Legitimate interest |
Data is collected electronically through the registration form, the payment flow, the application's license verification calls, the forms on the site, the site's own visit counter and the site server's security logs. Country information is determined using the DB-IP database.
Your personal data is shared with payment institutions, the email delivery provider and infrastructure (server) service providers only to the extent necessary to provide the service. Where providers located abroad are used, the transfer is carried out in accordance with the provisions of the KVKK on cross-border transfers. Requests from legally authorized public authorities are reserved. Your trading data and API keys are not transferred, because we do not hold them.
Data is retained for the limitation and retention periods prescribed by the applicable legislation (a minimum of 10 years for commercial and tax records); upon expiry of the period, it is erased, destroyed or anonymized. Detailed records of the site usage statistics are deleted after 90 days; after this period, only daily totals that cannot be linked to an individual are kept.
Pursuant to Article 11 of the KVKK, you have the right to: learn whether your personal data is being processed; request information in this regard; learn the purpose of the processing and whether the data is used in accordance with that purpose; know the third parties, in Türkiye or abroad, to whom the data is transferred; request rectification if the data has been processed incompletely or inaccurately; request its erasure or destruction; request that these actions be notified to the third parties to whom the data has been transferred; object to any outcome to your detriment arising from analysis exclusively by automated systems; and claim compensation if you suffer damage as a result of unlawful processing.
You may submit your requests to privacy@umrays.com. Requests are concluded within thirty days at the latest.
This text is an information notice. For processing that requires explicit consent (for example, sending marketing communications), your consent is obtained separately, through a separate text; the information notice and explicit consent are not combined in the same text.
No cookies are used on this site
Cookies are small text files that the sites you visit place on your device. No cookies are used on this site. The information stored in your browser is shown below.
| Record | Type | Purpose | Term |
|---|---|---|---|
| Language preference | Preference (browser storage, not a cookie) | Displaying the interface in your chosen language | Until you delete it |
| Tab session key | Statistics (tab storage, not a cookie) | Counting the pages viewed in the same tab as a single visit; randomly generated, does not contain your identity | Deleted when the tab is closed |
For the operation of the site, strictly necessary cookies do not require consent; providing information is sufficient for these. Analytics, advertising and tracking cookies, however, are subject to explicit consent and are not activated without your consent.
This site does not use advertising, tracking or analytics cookies. Visit statistics are kept by the site's own counter, without cookies; the IP address is not recorded and the data is not sent to any analytics or advertising company (see the Privacy and Personal Data Protection section). If a cookie requiring consent is ever used, this text will be updated and that cookie will not run without your consent.
Because the site has no cookies that require consent, no cookie consent box is shown. You can change your language preference at any time from the language menu at the top of the page, or remove it by deleting your browser's site data.
If you block site data in your browser settings, your language preference will not be remembered; the rest of the site continues to work.
Not investment advice
UMRAYS is not an investment advisory service. The software does not give buy, sell or hold recommendations, does not direct you as to which crypto asset to buy and does not offer you a personalized portfolio recommendation.
UMRAYS is an automation tool that applies the rules you define on your account. You decide which indicators, thresholds, timeframes and protection modules are used. The alerts generated by the software are technical outputs indicating that the rules you selected have been met; they are not a suggestion or recommendation.
To the extent permitted by applicable law, UMRAYS shall not be held liable for indirect damages, loss of profit, loss of data or trading losses. Where liability arises, total liability is limited to the license fees you paid in the twelve months preceding the date on which the relevant claim arose. This limitation does not apply in cases of intent, gross negligence or where the legislation does not permit limitation. Your rights under consumer legislation are reserved.
Crypto asset transactions may be subject to authorization, notification or restrictions in the country in which you are located. It is your responsibility to assess compliance with the laws of your own country before using the software. UMRAYS is not a crypto asset trading platform; it does not hold assets, does not accept custody and does not match users with one another.
UMRAYS may update the texts in line with changes in legislation and product development; the current version is always published on this page. Material changes are notified to your account email address. For questions: support@umrays.com.