As used herein, "BitExchange" refers to the company, including without limitation thereby, its owners, directors, investors, employees or other related parties. Depending upon context, "BitExchange" may also refer to the services, products, Site, content or other materials (collectively, "Materials") provided by BitExchange.
The Service operated by BitExchange allows buyers ("Buyers") and sellers ("Sellers"), to buy and sell the Digital currency known as "Bitcoin" or any other digital currency that BitExchange's platform allows to trade through its platform.
The Service operated by BitExchange also allows all registered users of the Service ("Users") to:
Depending on Your country of residence, you may not be able to use all the functions of the Site. It is your responsibility to follow those rules and laws in your country of residence and/or country from which you access this Site and Services. As long as you agree to and actually comply with these Terms of Service, BitExchange grants you a personal, non-exclusive, non-transferable and limited rights to enter and use the Site and the Service.
By opening an account to use the Service ("Account"), you expressly represent and warrant:
1. You have accepted these Terms; and
2. You are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction involving Bitcoin or any digital currency.
The trading of goods and products, real or virtual, as well as virtual currencies involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency - virtual or not - may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on through the trading platform.
Bitcoin trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or commodities such as gold or silver, Bitcoin is a unique kind of currency, backed by technology and trust. There is no central bank that can take corrective measure to protect the value of Bitcoin in a crisis or issue more currency, or reverse transactions.
Instead, Bitcoin is an as-yet autonomous and largely unregulated worldwide system of currency traded between firms and individuals. Traders put their trust in a digital, decentralised and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Bitcoin.
We have partnered with Crypto Capital Corp to manage all of the KYC/AML and Fiat transactions on our behalf. Please refer to their site at cryptocapital.co for more information on the services they provide.
Maintaining Your Account
This Site is for your personal or commercial use only. We are vigilant in maintaining the security of our Site and the Service. By registering with us, you agree to provide BitExchange with current, accurate, and complete information as needed to maintain your account and to keep such information updated. You further agree that you will not use any Account other than your own, or access the Account of any other User at any time, or assist others in obtaining unauthorised access.
You are also responsible for maintaining the confidentiality of Your Account information, including your password, safeguarding your own BitExchange account, and for all activity including Transactions that are posted to Your Account. If there is suspicious activity related to your Account please inform us right away so that we may, but are not obligated to take steps to secure your account. You are obligated to comply with these security requests, or accept termination of Your Account. You are required to notify BitExchange immediately of any unauthorised use of Your Account or password, or any other breach of security by email addressed to firstname.lastname@example.org. Any User who violates these rules may be terminated, and thereafter held liable for losses incurred by BitExchange or any user of the Site.
Finally, You agree that You will not use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking.
You may terminate this agreement with BitExchange, and close your Account at any time, following settlement of any pending transactions.
The suspension of an Account shall not affect the payment of the commissions due for past Transactions. Upon termination, Users shall communicate a valid bank account to allow for the transfer of any currencies credited to their account. Said bank account shall be held by the User. The funds may be transferred to a valid Crypto Capital Corp. bank account only after conversion into a currency. BitExchange shall transfer the currencies as soon as possible following the User's request in the time frames specified by BitExchange.
All services are provided without warranty of any kind, either express or implied. We do not represent that this Site will be available 100% of the time to meet your needs. We will strive to provide You with the Service as soon as possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
We may provide access to certain parties to access specific data and information through our API (Application Programming Interface) or through widgets. We also may provide widgets for Your use to put our data on your Site. You are free to use these.
BitExchange makes no representations whatsoever about any other Site which you may access through this Site. The Site may provide links or other forms of reference to other websites ("External Web Sites") or Resources over which we do not have control ("External Web Sites"). In such case you acknowledge that BitExchange is providing these links or references to you only as a convenience. BitExchange is not responsible for the availability of, and content provided on, third party Sites. You are requested to review the policies posted by other Sites regarding privacy and other topics before use. BitExchange is not responsible for third party content accessible through the Site, including opinions, advice, statements, prices, activities and advertisements, and you shall bear all risks associated with the use of such content. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
Our business model, and our Service, consists of facilitating the buying, selling and trading of Bitcoin and their use to purchase goods in an unregulated, international open payment system.
Email messages sent over the Internet are not secure and BitExchange is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats; you are welcome to send PGP encrypted emails to us. The instructions and keys to do so are available upon request.
To the extent permitted by law, BitExchange will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or wilful deceit or fraud. Nothing in these terms excludes or limits the liability of either party for fraud, death or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not by law be limited or excluded.
BitExchange reserves the right to change, add or remove portions of these Terms, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your Account. Upon such notification, it is your responsibility to review the amended Terms. Your continued use of the Site following the posting of a notice of changes to the Terms signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended Terms.
Bitcoin: means the Peer-to-Peer digital currency further described at http://bitcoin.org.
Commission: refers to the fee which is payable to BitExchange on each Transaction, such as a BitExchange Purchase Transaction.
Buyer(s): means User(s) that are submitting an offer to buy Bitcoin or other cryptocurrencies through the Service.
Seller(s): means User(s) that are submitting an offer to sell Bitcoin or other cryptocurrencies through the Service.
User(s): means Buyers and Sellers as well as any holder of an Account.
Service(s): means the technological platform, functional rules and market managed by BitExchange to permit Sellers and Buyers to perform purchase and sale transactions of Bitcoin.
Price: means "price per coin" for which Users are willing to purchase or sell Bitcoin or other cryptocurrencies, using the Service in a Bitcoin Purchase Transaction. The Price may be expressed in any of the currencies deposited by Users in their account and supported by the Service. See our Site for a full list of currencies.
Transaction: means (i) the agreement between the Buyer and the Seller to exchange Bitcoin through the Service for currencies at a commonly agreed rate ("Bitcoin Purchase Transaction"), (ii) the conversion of currencies into Bitcoin deposited by Users on their account ("Conversion Transaction"), (iii) the transfer of Bitcoin among Users ("Bitcoin Transfer Transaction"), (iv) the transfer of currencies among Users ("Currency Transfer Transaction") and (v) the purchase of ancillary products ("Purchase Transactions"). BitExchange may not offer all of these types of transactions at this time or in all places.
Transaction Price: means the total price paid by the Buyer in respect of each Transaction performed through the Service.
If you create an account or use BitExchange services and you wish to transact withdraw any fiat funds you will need to open an account with Crypto Capital. Crypto Capital Corp may collect the following types of information:
When you access our website or content or use our application or BitExchange services, we or companies we work with may place small data files called cookies or pixel tags on your computer or other device. We use these technologies to:
Our primary purpose in collecting personal information is to provide you with a secure, smooth, efficient, and customised experience. We may use your personal information to:
We will not sell or provide your information to third parties for their marketing purposes without your explicit consent. We may combine your information with information we collect from other companies and use it to improve and personalise BitExchange services, content and advertising.
We may share your information with:
If you have questions or concerns regarding this policy, you should contact us on our support page or by writing to us at email@example.com