Privacy Policy
Effective Date: [05.05.2025]
KronMoney (“we,” “our,” or “us”) is committed to protecting your privacy. This Privacy Policy outlines how we collect, use, disclose, and safeguard your information when you use our platform and services, including our website and mobile applications (collectively, the “Services”).
By accessing or using KronMoney, you agree to this Privacy Policy. If you do not agree, please do not use our Services.
1. Information We Collect
We may collect and process the following types of personal data:
a. Personal Identification Information
Full name
Email address
Phone number
Date of birth
Government-issued ID (for KYC)
b. Financial Information
Bank account details
Transaction history
Payment methods
Wallet balances
c. Technical Information
IP address
Device information
Browser type
Operating system
Usage data (pages visited, session time)
d. Location Data
Based on your IP address or GPS (when permitted)
2. How We Use Your Information
We use the collected data for the following purposes:
To verify your identity and comply with KYC/AML regulations
To process and complete financial transactions
To provide, operate, and maintain our services
To send updates, security alerts, and support messages
To personalize your experience
To comply with legal obligations
To detect and prevent fraud and abuse
3. Legal Basis for Processing
We process your personal data under the following legal bases:
Performance of a contract
Legal obligations
Legitimate interests
Consent (for marketing or optional data)
4. How We Share Your Data
We do not sell your personal data. However, we may share your information with:
Service providers (e.g., cloud storage, payment gateways, identity verification providers)
Regulatory or law enforcement agencies (if legally required)
Business partners (only with your consent)
Analytics and advertising providers (with consent)
All third parties are bound by confidentiality and data protection obligations.
5. Cookies and Tracking Technologies
We use cookies and similar technologies to track user behavior, improve site functionality, and personalize content. For details, refer to our Cookie Policy.
6. Data Retention
We retain your data only as long as necessary for the purposes outlined in this policy, or to comply with legal obligations.
7. Your Rights (under GDPR)
If you are located in the EEA or UK, you have the right to:
Access the personal data we hold about you
Request correction or deletion of your data
Object to or restrict certain processing activities
Withdraw consent (where applicable)
Request data portability
Lodge a complaint with your local Data Protection Authority
To exercise your rights, contact us at: privacy@kronmoney.com
8. Data Security
We implement strong encryption, multi-factor authentication, and regular audits to protect your data. However, no online service is 100% secure.
9. International Data Transfers
We may transfer your data outside the EEA/UK where necessary. In such cases, we ensure safeguards such as Standard Contractual Clauses are in place.
10. Children’s Privacy
KronMoney is not intended for children under 18. We do not knowingly collect data from minors.
11. Changes to This Policy
We may update this Privacy Policy periodically. We will notify you of significant changes via email or prominent notice on the site.
12. Contact Us
KronWell Group LLC
Email: privacy@kronmoney.com
