How to Cancel Chainalysis Subscription
Here’s a quick guide on how to cancel your Chainalysis subscription. Whether your business needs have changed or you’re looking to reduce expenses, this guide will walk you through the termination process outlined in the Master Subscription Agreement (MSA). Chainalysis offers robust blockchain analysis tools, but if you’re looking for alternatives, this guide ensures a smooth cancellation. Explore additional options in our comprehensive collection of Crypto tools.
How to Cancel Your Chainalysis Subscription
Canceling your Chainalysis subscription requires following specific steps as outlined in the MSA. Whether you’re terminating for cause or preventing automatic renewal, follow this guide for a clear-cut cancellation process.
How to Cancel Chainalysis: Step-by-step
Step 1: Review Your Order Term
To begin, check your current Order or invoice to determine the end date of your subscription term. This information will help ensure you follow the required timelines for termination.
Step 2: Send a Written Termination Notice
Chainalysis requires written notice for cancellation. Send your notice of non-renewal at least 30 days before the end of the current term to avoid automatic renewal. Refer to Section 5.2 of the MSA for details on how to proceed. For more information, feel free to check their Terms on the Master Subscription Agreement.
Step 3: Understand the Termination Grounds
- Termination for Cause: You may terminate the agreement for a material breach if Chainalysis fails to address the issue within 30 days of your written notice.
- Termination by Chainalysis: Chainalysis may terminate the agreement if continuing services would violate any laws or regulations. In such cases, you will receive a refund for unused prepaid fees.
Step 4: Handle Data Deletion
Upon termination, you are required to immediately cease using Chainalysis services and delete all Chainalysis Data. You must also certify the deletion in writing to Chainalysis to ensure compliance with the MSA.
Step 5: Confirm Your Financial Obligations
If you terminate the subscription without cause, you may be responsible for paying any remaining fees for the entire term. Review the MSA to confirm your obligations regarding early termination fees.
Key Points to Remember:
- No early termination options without financial penalties.
- Automatic renewal unless canceled 30 days before the current term ends.
- No direct in-service cancellation option—written notice is required.
Conclusion
Canceling a Chainalysis subscription involves sending a formal written notice and adhering to the terms outlined in the MSA. Be sure to review your agreement and send your notice within the required timeframe to avoid automatic renewal. If you have any questions or need additional help, contact Chainalysis Support directly for guidance. For more information on data deletion and specific legal considerations, consult their Legal Page during the cancellation process.
Looking for Alternatives?
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- TradingView: A powerful platform for financial market charting and trading tools.
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- Binance: A global leader in cryptocurrency exchange services.
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