Terms of Services
This web page represents a legal document that serves as our Terms of Service and it governs the legal terms of our website, https://coincasso.com, sub-domains, and any associated web-based and mobile applications (collectively, “Website”), as owned and operated by CoinCasso LT UAB.
Capitalized terms, unless otherwise defined, have the meaning specified within the Definitions section below. This Terms of Service, along with our Privacy Policy, any mobile license agreement, and other posted guidelines within our Website, collectively “Legal Terms”, constitute the entire and only agreement between you and CoinCasso LT UAB, and supersede all other agreements, representations, warranties and understandings with respect to our Website and the subject matter contained herein. We may amend our Legal Terms at any time without specific notice to you. The latest copies of our Legal Terms will be posted on our Website, and you should review all Legal Terms prior to using our Website. After any revisions to our Legal Terms are posted, you agree to be bound to any such changes to them. Therefore, it is important for you to periodically review our Legal Terms to make sure you still agree to them.
By accessing this website, you are agreeing to be bound by these Website Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this Website are protected by applicable copyright and trademark law.
The last update to our Terms of Service was posted on August 06, 2018.
Definitions The terms “us” or “we” or “our” refers to CoinCasso LT UAB, the owner of the Website.
A “Visitor” is someone who merely browses our Website, but has not registered as Member.
A “Member” is an individual that has registered with us to use our Service.
A “Partner” is an individual member that has purchase one of our memberships.
Our “Service” represents the collective functionality and features as offered through our Website to our Members.
A “User” is a collective identifier that refers to either a Visitor or a Member.
All text, information, graphics, audio, video, and data offered through our Website are collectively known as our “Content”.
Use License
Permission is granted to temporarily download one copy of the materials (information or software) on CoinCasso LT UAB’s Website for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not: modify or copy the materials; use the materials for any commercial purpose, or for any public display (commercial or non-commercial); attempt to decompile or reverse engineer any software contained on CoinCasso LT UAB’s website; remove any copyright or other proprietary notations from the materials; or transfer the materials to another person or “mirror” the materials on any other server. This license shall automatically terminate if you violate any of these restrictions and may be terminated by CoinCasso LT UAB at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format. Restricted Uses Listing of offered products on the Website could be used only for lawful purposes by Users of the Website. You could not frame or utilize framing techniques to enclose any hallmark, logo, copyrighted image, or most proprietary details (consisting of images, text, page layout, or type) of CoinCasso LT UAB without express composed consent. You might not use any meta tags or any various other “unseen text” utilizing CoinCasso LT UAB’s name or trademarks without the express written consent of CoinCasso LT UAB. You agree not to offer or modify any content found on the Website consisting of, however not limited to, names of Users and Content, or to recreate, display, openly perform, distribute, or otherwise make use of the Material, in any way for any public function, in connection with services or products that are not those of CoinCasso LT UAB, in other way that is likely to trigger confusion among consumers, that disparages or challenges CoinCasso LT UAB or its licensors, that dilutes the strength of CoinCasso LT UAB’s or its licensor’s residential property, or that otherwise infringes CoinCasso LT UAB’s or its licensor’s copyright rights. You also agree to abstain from abusing any of the material that appears on the Site. The use of the Material on any other website or in a networked computer system environment for any purpose is prohibited. Any code that CoinCasso LT UAB develops to generate or show any Material of the pages making up the Website is likewise secured by CoinCasso LT UAB’s copyright, and you may not copy or adjust such code.
CoinCasso LT UAB has no duty to keep track of any products published, transferred, or connected to or with the Site. If you think that something on the Website breaches these Terms please contact our marked representative as set forth below.
If alerted by a User of any products which allegedly do not conform to these Terms, CoinCasso LT UAB could in its single discernment explore the allegation and figure out whether to take other actions or ask for the removal or get rid of the Content. CoinCasso LT UAB has no liability or duty to Individuals for efficiency or nonperformance of such activities.
Electronic Communication You are connecting with us electronically when you go to the Website or send out emails to us. You consent to get interactions from us online. We will connect with you by email or by uploading notifications on the Site.
Your Account If you utilize the Website, you are accountable for maintaining the confidentiality of your account and password and you accept responsibility for all activities that happen under your account and password. You also accept not to reveal any personally identifiable information, consisting of, however not limited to, first and last names, credentials, or various other details of a personal nature (“Personal Data”) from the Site. Your disclosure of any Personal Data on the website might result in the immediate termination of your account. CoinCasso LT UAB additionally reserves the right to refuse service, terminate accounts, and remove or edit Content at its sole discernment.
CoinCasso LT UAB does not guarantee the truthfulness, precision, or dependability of Content on the site, consisting of Personal Data. Each Individual is accountable for upgrading and changing any pertinent account info when essential to preserve the truthfulness, precision, or reliability of the details.
Reviews, Comments, and Other Material Registered Users of the Website might post evaluations and remarks of a product and services purchased by means of the Website, so long as the Material is not unlawful, profane, threatening, defamatory, an invasive of privacy, infringing of intellectual property rights, or otherwise injurious to third parties or objectionable and does not include industrial solicitation, mass mailings, or any type of “spam.” You may not use another User’s account to impersonate a User or entity, or otherwise deceive as to the origin of the opinions. CoinCasso LT UAB reserves the right (however is not bound) to eliminate or modify such Material, but does not regularly examine posted Material.
If you post an evaluation or send comments, and unless CoinCasso LT UAB suggests otherwise, you grant CoinCasso LT UAB a nonexclusive, royalty-free, permanent, irrevocable, and completely sublicensable right to utilize, recreate, modify, adjust, release, equate, create derivative works from, distribute, and screen such content throughout the world, in any media. You grant CoinCasso LT UAB and sublicenses the right to utilize your name in connection with such Material, if they choose. You represent and require that You own or otherwise control all the rights to the content that You post; that the content is accurate; that use of the content You supply does not violate this policy and will not trigger injury to anyone or entity; which You will indemnify CoinCasso LT UAB for all claims resulting from Content You supply. CoinCasso LT UAB has the right but not the commitment to edit and keep track of or eliminate any task or Material. CoinCasso LT UAB takes no duty and assumes no liability for any content published by You or any 3rd party.
Legal Compliance You agree to comply with all applicable domestic and international laws, statutes, ordinances, and regulations regarding your use of our Website. CoinCasso LT UAB reserves the right to investigate complaints or reported violations of our Legal Terms and to take any action we deem appropriate, including but not limited to canceling your Member account, reporting any suspected unlawful activity to law enforcement officials, regulators, or other third parties and disclosing any information necessary or appropriate to such persons or entities relating to your profile, email addresses, usage history, posted materials, IP addresses and traffic information, as allowed under our Privacy Policy.
Intellectual Property Our Website may contain our service marks or trademarks as well as those of our affiliates or other companies, in the form of words, graphics, and logos. Your use of our Website does not constitute any right or license for you to use such service marks/trademarks, without the prior written permission of the corresponding service mark/trademark owner. Our Website is also protected under international copyright laws. The copying, redistribution, use or publication by you of any portion of our Website is strictly prohibited. Your use of our Website does not grant you ownership rights of any kind in our Website.
Revisions and Errata The materials appearing on CoinCasso LT UAB’s Website could include technical, typographical, or photographic errors. CoinCasso LT UAB does not warrant that any of the materials on its Website are accurate, complete, or current. CoinCasso LT UAB may make changes to the materials contained on its Website at any time without notice. CoinCasso LT UAB does not, however, make any commitment to update the materials.
Disclaimer The materials on CoinCasso LT UAB’s Website are provided “as is” CoinCasso LT UAB makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Furthermore, CoinCasso LT UAB does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet Website or otherwise relating to such materials or on any sites linked to this site. The Website serves as a venue for Individuals to purchase distinct service or products. Neither CoinCasso LT UAB nor the Website has control over the quality or fitness for a particular function of a product. CoinCasso LT UAB likewise has no control over the accuracy, reliability, completeness, or timeliness of the User-submitted details and makes no representations or warranties about any info on the Site.
THE WEBSITE AND ALL DETAILS, CONTENT, MATERIALS, PRODUCTS (INCLUDING SOFTWARE APPLICATION) AND SERVICES LISTED ON OR OTHERWISE MADE AVAILABLE TO YOU THROUGH THIS WEBSITE ARE PROVIDED BY CoinCasso LT UAB ON AN “AS IS” AND “AS AVAILABLE” BASIS, UNLESS OTHERWISE SPECIFIED IN WRITING. CoinCasso LT UAB MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, ABOUT THE OPERATION OF THIS WEBSITE OR THE INFO, MATERIALS, PRODUCTS (INCLUDING SOFTWARE) OR SERVICES LISTED ON OR OTHERWISE MADE AVAILABLE TO YOU THROUGH THIS SITE, UNLESS OTHERWISE POINTED OUT IN WRITING. YOU EXPRESSLY AGREE THAT YOUR USE OF THIS WEBSITE IS AT YOUR OWN RISK.
TO THE COMPLETE EXTENT PERMISSIBLE BY APPLICABLE LAW, CoinCasso LT UAB DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND PHYSICAL FITNESS FOR A PARTICULAR PURPOSE. CoinCasso LT UAB DOES NOT WARRANT THAT THIS WEBSITE; DETAILS, CONTENT, MATERIALS, PRODUCTS (INCLUDING SOFTWARE APPLICATION) OR SERVICES CONSISTED OF ON OR OTHERWISE MADE AVAILABLE TO YOU THROUGH THE SITE; ITS SERVERS; OR EMAIL SENT FROM CoinCasso LT UAB ARE WITHOUT VIRUSES OR OTHER HARMFUL ELEMENTS. CoinCasso LT UAB WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM THE USE OF THE WEBSITE OR FROM ANY DETAILS, CONTENT, MATERIALS, PRODUCTS (INCLUDING SOFTWARE APPLICATION) OR SERVICES LISTED ON OR OTHERWISE MADE AVAILABLE TO YOU WITH THIS SITE, INCLUDING, BUT NOT LIMITED TO DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, AND CONSEQUENTIAL DAMAGES, UNLESS OTHERWISE POINTED OUT IN WRITING. UNDER NO SCENARIO SHALL CoinCasso LT UAB’S LIABILITY DEVELOPING FROM OR IN CONNECTION WITH THE WEBSITE OR YOUR USE OF THE WEBSITE, DESPITE THE REASON FOR ACTION (WHETHER IN AGREEMENT, TORT, BREACH OF SERVICE WARRANTY OR OTHERWISE), GO BEYOND $100.
Links to Other Websites Our Website may contain links to third party websites. These links are provided solely as a convenience to you. By linking to these websites, we do not create or have an affiliation with, or sponsor such third party websites. The inclusion of links within our Website does not constitute any endorsement, guarantee, warranty, or recommendation of such third party websites. CoinCasso LT UAB has no control over the legal documents and privacy practices of third party websites; as such, you access any such third party websites at your own risk.
Site Terms of Service Modifications CoinCasso LT UAB may revise these Terms of Service for its Website at any time without notice. By using this Website you are agreeing to be bound by the then current version of these Terms and Conditions of Use.
Governing Law Any claim relating to CoinCasso LT UAB’s Website shall be governed by the laws of Lithuania without regard to its conflict of law provisions, and You consent to exclusive jurisdiction and venue in such courts.
Indemnity You accept defend, indemnify, and hold safe CoinCasso LT UAB, its affiliates, and their corresponding officers, directors, agents and workers, from and against any claims, actions or demands, including without limitation affordable legal, accounting, and other provider charges, affirming or resulting from (i) any Content of most material You offer to the Site, (ii) Your use of any Content, or (iii) Your breach of the terms of these Terms. CoinCasso LT UAB will provide notice to You promptly of any such claim, match, or case.
General Terms Our Legal Terms shall be treated as though it were executed and performed in Lithuania and shall be governed by and construed in accordance with the laws of Lithuania without regard to conflict of law principles. In addition, you agree to submit to the personal jurisdiction and venue of such courts. Any cause of action by you with respect to our Website, must be instituted within one (1) year after the cause of action arose or be forever waived and barred. Should any part of our Legal Terms be held invalid or unenforceable, that portion shall be construed consistent with applicable law and the remaining portions shall remain in full force and effect. To the extent that any Content in our Website conflicts or is inconsistent with our Legal Terms, our Legal Terms shall take precedence. Our failure to enforce any provision of our Legal Terms shall not be deemed a waiver of such provision nor of the right to enforce such provision. The rights of CoinCasso LT UAB under our Legal Terms shall survive the termination of our Legal Terms.
Terms & Conditions of Cryptocurrency Exchange
1 About Us
1.1 Operator The Operator of https://coincasso.com provides online tool, that allows clients to trade with virtual currencies around the world. It provides online virtual currency Service including wallets. CoinCasso LT UAB, is registred in Lithuania nr reg: 305813174, office located at: Vilnius, Vilkpėdės g. 22, LT-03151, Lithuania
1.2 Acknowledgement coincasso.com Website accepts these Terms and Conditions and all clients must comply with these Terms and Conditions.
By using the Website and registering at the Website, Clients agree to these Terms and Conditions, Privacy Policy and will comply with this agreement.
By registering at the Website, (i.e. by creating an account) you agree that you are at least 18 years old and you have legal capacity to trade at Operator’s Website.
We would like to inform you, that the virtual currency laws may vary in different countries. Please make sure that you are not breaking the law of the country in which you reside and/or the country from which you access the Internet.
By registering at the Website, you agree that you will never use the Service for any illegal purposes including but not limited to money laundering, illegal gambling operations, financing of terrorism or hacking.
Please make sure that you have read and agree to the Terms and Conditions before you register at the Website. Do not finish your registration if you do not agree to the Terms and Conditions!
1.3 Contact Us If you have any questions regarding our Terms and Conditions or the Service, do not hesitate to contact us via e-mail [email protected].
2 Pricelist
Clients agree to pay the fees charged by the Operator for a complete transaction and for withdrawals. The fees for purchases or sales of virtual currency are 0,25 % per one complete transaction. These fees may vary depending on the Client account.
We charge fees for deposits and withdrawals of virtual currency from the Service system. These fees may vary depending on the service through which the client deposit or withdraw funds. The fees are stated at each specific service or currency.
3 Terms of Trade
3.1 Acknowledgement By using the Website and registering at the Website, you agree to the Terms and Conditions and you will comply with this agreement. Please make sure that you have read and agree to the Terms and Conditions before you register at the Website. Do not finish your registration if you do not agree to the Terms and Conditions!
3.2 Terms and Definitions Service, Website the website of the coincasso.com Operator, mediating virtual currency trade using the Match Commands.
Virtual currency countable immaterial properties, which can be purchased, transferred and changed for material properties. Virtual currency is for example Bitcoin, a currency defined at https://bitcoin.org.
Client a legal person or a natural person registered at the Website, the account holder. Identical to User.
Buyer a Client who buys virtual currencies through Operator’s Service.
Business Account a virtual account managed by the Operator. Client’s current financial resources managed by the Operator are recorded on this account.
Terms these Terms and Conditions as amended.
Seller a Client who sells virtual currencies through Operator’s Service.
Payment Order Client‘s order processed by the Website according to Client’s instructions.
Match orders the pair of orders that apply:
one order from this pair is the buy order and the second order from the pair is the sell order both orders relate to the same virtual currency both orders have adequate minimal amount for realization Account the whole of records and access information created during the process of registration and during the activity of the Client at the Website. Account includes Business Account too.
User a legal person or a natural person registered at Operator‘s Website, the account holder. Identical to Client.
Account Verification the Operator verify the Client’s identity using their personal documents. The process of verification is specified below.
Volatility a measure for variation of virtual currency value, usually the standard deviation of these variations during a certain time interval. Volatility reflects the measure of virtual currency investment risks.
Transaction a complete trade between a seller and a buyer.
3.3 Management of Business Accounts According to these Terms and Conditions, Clients agree to provide current, TRUE and complete information, especially during registration and generally for the purposes of the Service trade. The Client agrees to use only one Business Account, the Client will never use Business Accounts of other Clients.
3.4 Account Verification According to EU Law and our AML/CFT policy, Clients prove their identity to the Operator, when they deposit money into a Client‘s account at the Website via bank transfer. In order to verify a Client‘s identity, the Operator needs the scanned copy of Client’s ID card and the scanned copy of Client’s electricity bill or their bank statement delivered to Client’s address. These documents must not be older than 6 months. You should provide high quality color copies.
3.5 Terms and Conditions of Trade The Operator mediates buys and sells of virtual currencies to Clients, using Match orders.
The purchase of virtual currency at the Website is realized by entering Client’s buy order after its favorable pairing.
The sell of virtual currency at the Website is realized by entering Client’s sell order after its favorable pairing.
When purchasing virtual currency within the Service, the adequate amount of money will not be debited from Client’s Business Account immediately, the amount will be only blocked. When the Seller meets the commitment, Buyer’s amount will be unblocked and transferred to Seller’s Business Account. Seller’s business deposit will be unblocked too. After the validation of the transaction, the Seller and the Buyer will pay the fee in favor of the Operator for the mediation of the transaction.
3.6 Advice The Operator does not provide any services having the character of investment advice or any other type of advice. It is up to the Client to decide whether to buy or sell virtual currency and the Operator is not responsible for any loss of Client’s assets and damage resulting from Client’s decisions.
3.7 Liability Clients agree that the Operator is not responsible for any damage, loss of profit, loss of income, loss of business, data loss, indirect or direct loss caused by negligence or by aware illegal activity of Clients and third parties and also caused by violating Client’s obligations stated in these Terms and Conditions. The Operator is not responsible for any damage caused by mistake or intention of third parties.
The Operator is not responsible for any damage and harm caused by force majeure events, as well as for damage caused by court decisions, the decisions of prosecutor’s office, police, public authority and administration, as well as other legal authorities that can order anything to the Operator. The Operator is not responsible for any damage and harm caused by the changes of legislation and Terms and Conditions.
Clients agree also that Operator is not reponsible for loss of funds in any attempts of hacking activity to user account or operator’s servers .
3.8 Rights of the Operator Changing the content of the Website, reproducing it or publicly displaying the content, spreading or using the content for any public or commercial purposes without Operator‘s written permission is strictly prohibited. The materials on this Website are protected by copyright and their unauthorized use can mean violation of copyright laws, trademark law and other laws.
The Operator reserves the right to terminate the Service. Clients will be informed about the termination of the Service by e-mail. In this case the Operator is obliged to complete all ongoing business deals and to meet all commitments to Clients. After that, the Operator will transfer all Clients‘ funds, that were managed on their Business Accounts to Clients‘ bank accounts after deducting their obligations to the Operator.
3.9 Modifications of Terms and Conditions The Operator reserves the right to change these Terms at any time. The Operator is obliged to inform Clients about these changes by e-mail and/or on the Website.
If you continue to use the Service after these changes of Terms, it signifies that you accept and agree to the changes. The Client is obliged to act according to new Terms.
3.10 Jurisdiction We would like to inform you, that the virtual currency laws may vary in different countries. Please make sure that you are not breaking the law of the country in which you reside.
You also agree that you will never use the Service for any illegal purposes including money laundering, illegal gambling operations, financing of Terrorism or hacking.
4 Code of Ethics
Procedures, principles and values set in these Terms reflect the honest and professional conduct of the Operator. Code of Ethics is a basis for the Operator’s decisions and behaviour in order to maintain the highest ethical standards throughout the society.
4.2 Privacy Policy The Operator respects Client’s right to privacy and the Operator is committed to protecting Client’s privacy in accordance with applicable data protection laws. You can find more about gathering and use of your personal information below.
The Operator is committed to protecting Client’s privacy, the Operator will never provide Client’s personal information to third parties, the Operator will not provide any user data saved in Operator‘s databases to anyone. We will provide user data only to governmental and judicial authorities, legal purchasers of our company.
The Operator will use Clients‘ data exclusively for their own needs, for trade mediation and in order to improve services.
Clients are responsible for maintaining the security of their Accounts, they must keep their password secure, they protect their virtual currency and they are responsible for all activities, including transactions, that occur on Business Accounts.
By registering, you agree that the Operator can collect your personal information including:
Your name and surname Your date of birth Your residential address Your banking details including your Account number The Copy of your ID card (passport, national ID card, driving licence etc.) The Copy of your electricity bill or the copy of your bank statement confirming your residential address Your e-mail address Your phone number Any other personal data provided voluntarily by users. By registering, you agree that the Operator may:
Process your personal data manually and automatically Collect your personal data Use your personal data to provide the services and to process payment transactions and related operating activities Due to the global nature of the Internet, the Operator processes and transfers data across international borders, Clients agree that their personal information will be processed on an international basis.
The Operator’s Website may include links to other websites owned or managed by third parties. Websites of third parties have their own separate privacy policy. Therefore the Operator recommends you to read the privacy policy of third parties carefully. The Operator is not responsible or liable for the privacy policy of third parties. You agree that use of such websites is at your own risk.
Clients have the right to access their personal information and request correction, updating or blocking of inaccurate and/or incorrect data by contacting the Operator by e-mail: [email protected]
By accepting the Terms and Conditions, Clients agree that their personal information may be collected and processed during their contractual relationship with the Operator, and during a period necessary for fulfilling all the commitments arising from concluded contracts, but no longer that five years. The Operator has the right to keep necessary information about Clients who violated the Terms and about users who misused the Service and their accounts were therefore cancelled.
The Operator reserves the right to change or modify the Privacy Policy. All modifications will be announced on this Website. In the case of major changes, the Operator expects that he will contact Clients by electronic communication media.
4.3 IP addresses IP (Internet Protocol) address is a number assigned to each user‘s device (such as computer, tablet, smart phone) of their Internet provider. Generally speaking, the IP address changes with every new Internet connection. However, it’s possible that you have a fixed IP address.
The Operator collects information about user’s computer, including their IP address, operating system and the type of browser, in order to manage Operator’s own system. The Operator uses this information only for statistical purposes and this information is not used to identify individuals.
4.4 Cookies All professional websites use cookies today and this Service is no exception. Cookies are used in order to personalize the Website as much as possible according to user’s preferences.
A cookie is a small piece of data sent from a website you are visiting to your computer (or to other devices such as tablets or smart phones). This piece of data is stored in your device and the next time you visit the website, it will send the information back to the server.
Cookies allow the website to find out whether the user visited the site in the past and what section was interesting to them. Clients can save their user settings, language settings and user name thanks to the cookies.
You can delete cookies, disable cookies completely or enable cookie notifications in your browser settings. Unfortunately the websites that use cookies may not work properly, some parts of the websites may be unavailable.
The Operator is using:
cookies that are inevitably necessary for accessing secure zones of the Website; functional cookies that allow the Website to remember users‘ settings; executive cookies that inform the Operator about the use of the Service, for example which pages are most visited and on which pages occur error messages. These cookies do not collect any information that could help to identify the user, they help to improve the Website; third party cookies that are inserted at specific locations of the Website, that are part of the advertising system and they are used mainly for targeted advertising. By using and registering at the Website you agree that the Operator uses this technology.
4.5 AML-CFT/KYC Policy The Operator is fully aware of the risks arising from possible misuse of the Service to legalize proceeds of crime and financing of terrorism through the activities of risky customers.
The Operator’s Anti Money Laundering and Counter Terrorist Financing Policy (hereinafter referred to as AML-CFT Policy) reflects the Operator’s sustained efforts to create effective mechanisms to eliminate these risks and to detect unwanted activities arising from them.
The Operator‘s AML-CFT KYC Policy:
is governed by the legislation of the European Union respects international standards in this area follows the principles of “Know Your Customer“, especially: name matching against international lists of persons and movements under sanction analysis and verification of the Client‘s true identity more rigorous identification and verification of the Client if necessary monitors Clients‘ Accounts in case of suspicious transactions does not create anonymous accounts and does not register Clients who refuse to undergo the identification train and inform the employees
5 Risks
5.1 Virtual Currency Risks Virtual currencies such as Bitcoin are open-source peer-to-peer payment networks and they are able to send money to each other without any central server. The network is secured by cryptography, that allows to use only the money belonging to the Client, and it prevents the reuse of spent money. Bitcoin cannot be influenced or counterfeit, nobody can manage the network. This system is anonymous, non-controllable and international. The final amount of Bitcoin is known in advance, the release of Bitcoins into circulation is defined in the source code.
Virtual currency is not a official currency protected by national bank. The price of the virtual currency is influenced by a free global market, due to the changes in supply and demand, the price can be very volatile. The price can be influenced by the theft of the currency, hacker attacks, legislation in different countries etc. And other risks that are not mentioned in these Terms may occur.
Virtual currency is susceptible to irrational movements and it may lead to the loss of confidence, which may cause the collapse of the currency. It means that the value of Client’s investment can significantly increase or decrease.
Virtual currencies are not controlled by any authority and it is impossible to cancel any completed payment in this currency.
Due to the risks arising from the virtual currency trade, we recommend that you carefully consider your financial situation and your ability to handle risks.
By using the Service, you acknowledges all risks arising from the virtual currency trade.
5.2 Trade Risks The Operator does not guarantee that the Buyer or the Seller finds the best buy offer and the best sell offer.
The Operator is not responsible for the exchange of the virtual currency between Clients. The risk is only on the Client’s side. The Seller is responsible for the correct remittance and the Buyer is providing TRUE information. The Operator is an arbitrator who oversees the proper fulfillment of obligations and reserves the right to penalize Clients when they do not meet their commitments.
5.3 Failure to Comply With These Terms and Conditions If you create or use Business Account and fail to comply with these Terms and Conditions or if you help other persons to violate these Terms or governing law, all your accounts related to these intentional activities will be blocked.
If the suspicious activity is related to the Client’s account, the Operator reserves the right to request additional information about the Client, including the authentication of documents and the possibility to block all business activity at the Website.
Clients shall immediately inform the Operator of any unauthorized use of their Accounts or passports or any other breach of security by sending an e-mail to [email protected]. Any user who fails to comply with these Terms and Conditions risks the termination of the registration and may be held liable for the Operator’s loss or for other user‘s loss.
5.4 Electronic Communication E-mail communication is not secure and the Operator is not responsible for any loss or damage caused by the abuse of electronic communication.
6 Operating Conditions
6.1 Acknowledgement By using and registering at the Website you accept the Terms and Conditions and you agree to comply with the Terms. Please make sure that you have read and agree to the Terms and Conditions before you register at the Website. Do not finish your registration if you do not agree to the Terms and Conditions!
6.2 Terms and Definitions API Application Programming Interface, it refers to the application programming interface
Terms these Terms and Conditions as amended
6.3 Availability All services are provided without any guarantee of availability, we can not guarantee that the access will not be temporarily interrupted, that there will be no delays, failures, errors or loss of transferred information. The Operator’s aim is the 100% availability of the Website, but due to its nature, the Website is often a target of DDOS attacks.
The Operator reserves the right to shutdown the Website for the necessary period of time that will be announced in advance. The shutdown of the Website may occur unintentionally, for example in case of emergency.
6.4 API The Operator may provide access to Client’s Account through API (Application Programming Interface). Using the API, it is possible to manage remotely a User’s Account at the Website. These APIs are free of charge.
According to API limits (it is possible to send 500 requests in 10 minutes), the Clients will be blocked for one hour by the spotter if they exceed the limit.
6.5 Prohibition Search and abuse of vulnerabilities of the Service system is strictly prohibited.
For safety reasons, any system access is logged.
6.6 Limitation of Liability Some parts of the Website may contain links to other websites with information potentially interesting to Users. When you click on the link, you leave the Service website.
The Operator is not responsible for any current or future content of the websites controlled by third parties. The Operator is not responsible or liable for the content of the websites of third parties.
Operator is not responsible for any damage, loss of profit, loss of income, loss of business, data loss, indirect or direct loss caused by negligence or by aware illegal activity of Clients and third parties and also caused by violating Client’s obligations stated in these Terms and Conditions. The Operator is not responsible for any damage caused by mistake or intention of third parties.
The Operator is not responsible for any damage and harm caused by force majeure events, as well as for damage caused by court decisions, the decisions of prosecutor’s office, police, public authority and administration, as well as other legal authorities that can order anything to the Operator. The Operator is not responsible for any damage and harm caused by the changes of legislation and Terms and Conditions.
6.7 Termination The Client has the right to cancel their Account at any time. If the Client decides to cancel their Account, the Operator will disable Client’s Account, but it can not be done until all Client’s commitments to the Operator and to other Clients they traded with at the Website are fulfilled. When all the commitments are fulfilled, all Client’s funds will be transferred to Account, from which the funds were originally used.
The Operator reserves the right to suspend or to cancel Client’s account for any reason, included but not limited to:
the case when the Client’s activity violates the Terms and Conditions the case of non-payment of business transactions or the case of fraud the case of non-payment of fees to the Operator on request of law enforcement or other state institutions, i fit is considered legitimate the case of unauthorised attempts to enter the Website or Clients‘ Accounts the case of search and abuse of vulnerabilities of the Service the case of use of the Service for illegal purposes, such as money laundering, illegal gambling operations, financing of terrorism or other illegal activity The suspension or the cancellation of an Account does not affect the commitments arising from the latest business transactions.
The Operator reserves the right to cancel all unconfirmed accounts or Accounts, that have not been active longer that 6 months from the day of the creation of the Account. If your last transaction took place at the Website 12 month ago and earlier, the Operator has the right to cancel your Account. In this case, all commitments must be fulfilled.
