Coinnect is a game of skill. For each contest, winners are determined by the individuals who use their skill to accumulate the most points of each game session to reach a high score. The player with the highest score at the end of the contest will win the cash prize for that contest they joined.
Each Coinnect contest has an entry fee listed in US dollars. When you opt to participate in a contest, that amount in US dollars will be debited from your Coinnect account.
Coinnect offers multiple contests for players to join generally taking place on a single day, week or month.
After each contest ends, the winners are announced generally by push notification to their device. The player in each contest who scores the highest will win the cash prize. Cash prizes are added to the winning players account balance. In the event of a tie, the cash prize is divided evenly between the tied players, unless otherwise specified.
Coinnect offers a number of different types of contests. For each contest, we announce the entry fees and cash prizes in advance on the contests screen under the upcoming tab.
No substitution or transfer of a cash prize is permitted. All taxes associated with the receipt or use of any cash prize are the sole responsibility of the winner. In the event that the awarding of any cash prizes to winners of the Contest is challenged by any legal authority, Coinnect reserves the right in its sole discretion to determine whether or not to award or adjust such cash prizes. In all disputes arising out of the determination of the winner of Coinnect contests, Coinnect is the sole judge and its actions are final and binding.
You can withdraw your money at any time. For withdrawals, simply click the Withdraw button on the Settings screen and enter the amount you wish to withdraw. Each withdraw comes with a 5% fee which a player is required to pay. Requests will be processed within 72 hours. Check are issued to the mail address requested, which take 7-10 days to process. For check withdrawals over $250 we require a valid mailing address and social security number in order to file the appropriate tax forms at year end. We also conduct anti-fraud checks on playing patterns and deposits prior to processing a withdrawal.
You may deposit money into your Coinnect account using eCheck. If you’re having any problems depositing money then get in touch and we’ll deal with the issue as soon possible.
In early January each year all winners who have won $600 or more (net of all entry fees) over the previous year must provide updated address and social security details to firstname.lastname@example.org
, P.O. Box 632, Morton Grove, IL 60053. These details will be used to file a 1099-MISC with the Internal Revenue Service.
We frequently offer cash bonuses to newly depositing users and for other marketing purposes. Any cash bonus a new user receives is for entry into competitions on Coinnect and can only be withdrawn if they have been previously entered into at least one game. Additionally, if a user immediately withdraws money after a deposit which delivers a deposit bonus then the bonus will be retracted. In the event of abuse of the bonus system by any user, Coinnect reserves the right to retract your user bonuses.
In cases where you have received a bonus or other benefits as a result of your deposit and have not yet played through the deposit (entering contests whose total entry fees equal the value of the deposit), Coinnect reserves the right to refuse the withdrawal and/or close your account.
Coinnect may require users to change their user names in cases where the name is offensive or promotes a commercial venture. The requirement to change will be determined at Coinnect’s sole discretion, and if requests are ignored, Coinnect may unilaterally change a player’s user name.
While we try to ensure that Coinnect is functioning smoothly at all times, like any online service we may periodically experience periods of outage or slow performance. These can sometimes result in an inability to access the Service and problems entering new contests. If you’re unable to access the Service, please report the problems by emailing us at email@example.com
. If there are sustained periods where players are unable to access Service functionality, or in certain other situations.
You may cancel your entry for any contest that is unfilled. We allow players to opt out of a contest prior to its start. Coinnect will not accommodate cancellation requests for entries in filled contests upon contest start. Please email us at firstname.lastname@example.org
with your request.