2.1 Cryptocurrency are primarily used by speculators, and are used relatively less on retail and commercial markets. The trading of cryptocurrency involves significant risk. Due to the trading throughout 24-hour a day without limits on the rise or fall in price, you may increase or lose value in your assets at any given moment.
2.2 Cryptocurrency are probably susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. The market makers and global government policies also may cause major fluctuations in their prices. Cryptocurrency transactions may be suspended or prohibited at any time due to the enactment or modification of national laws, regulations and regulatory documents.
2.3 Digital assets trading is highly risky and therefore you should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading cryptocurrency.
2.4 Using internet-based trading systems also involves risks, including but not limited to failures in software, hardware or Internet links, etc. In view of the fact that we cannot control the reliability and availability of the Internet, we will not be responsible for any distortion, delay,link failure and even cryptocurrency lost.
3 REGISTRATION AND ACCOUNT
3.1 In order to create an account and use Bitforex services, you expressly represent and warrant: you shall be a natural person, legal person or other organization with the ability to sign this Agreement and the ability to use the services of this Website; You comply with the relevant laws of the Website registration country and your home jurisdiction.
3.2 You confirm and promise that you do not register with this Website for the purpose of violating any of the applicable laws or regulations or undermining the order of cryptocurrency transactions on this Website. You also represent and warrant that you are not on any terrorist organizations and terrorist activities personnel lists,
3.3 You further agree that you will not use any Account other than your own, or access the Account of any other Member at any time, or assist others in obtaining unauthorized access.
3.4 Registration Process
3.4.1 You agree to provide a valid email address on the user registration page of this Website. You can use the email address to log in to this Website. Where it is necessary and in accordance with the requirements of applicable laws and regulations of relevant jurisdictions, you shall provide your real name, identity card and other information required by applicable laws, regulations, the Terms of Privacy, and anti-money-laundering terms, detailed and accurate as is required. All the original typed data will be referenced as registration information. You shall be responsible for the authenticity, integrity and accuracy of such information and bear any direct or indirect loss and adverse consequences arising out of it.
3.4.2 If any of the applicable laws, regulations, rules, orders and other regulatory documents of the sovereign country or region in which you are based requires that mobile phone accounts must be based on real names, you hereby confirm that the mobile phone number you provide for registration purposes has gone through the real-name registration procedure. If you cannot provide such a mobile phone number as is required, any direct or indirect losses and adverse consequences arising therefrom and affecting you shall be borne by you.
3.4.3 After you provide the required registration information in a legal, complete and valid manner and such information passes relevant verification, you shall have the right to obtain an account and a password of this Website. Upon obtaining such account and password, your registration shall be deemed as successful and you can log into this Website as a member thereof.
3.4.4 You agree to receive emails and/or short messages sent by this Website related to the management and operation thereof.
3.4.5 You also are responsible for maintaining the confidentiality of your Account information, including your password, safeguarding your own cryptocurrency, and for all activity including Transactions that are posted to your Account.
4 SEVICES AND OUR RULES
4.1 This Website provides cryptocurrency online transaction platform services, which is for your personal and non-commercial use only.
4.2 You have the right to browse the real-time quotes and transaction information of digital asset products on this Website. You have the right to view information under the member accounts on this Website and to apply the functions provided by this Website. You have the right to participate in the website activities organized by this Website. Other services that this Website promises to offer to you.
4.3 This Website does not play a role in the transaction of cryptocurrency as a buyer or seller. Traders must open an account and topup cryptocurrency or fiat prior to commencement of trading. Traders may request the withdrawal of their cryptocurrency and fiat, subject to the limitations as stated in the Terms.
4.4 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 are vigilant in maintaining the security of our Website and the Service to protect your account and asset safety.
4.5 The information and content on the website is provided for the sole purpose of assisting users to make independent decisions. We have taken reasonable measures to ensure the accuracy of the information on the website, however, we do not guarantee the accuracy, suitability, reliability, completeness, performance and/or fitness for purpose of the content of any Services or products available through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the Web site, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through our platform. Bitforex.com will not have any liability for the use or interpretation of such information.
4.6 You shall comply with the provisions of applicable laws, regulations, rules, and policy requirements, and ensure the legality of the source of all digital assets in your account, and shall refrain from engaging in any illegal activities or other activities that damages the rights and interests of this Website or any third party, such as sending or receiving information that is illegal, illicit or infringes on the rights and interests of any other person, sending or receiving pyramid scheme information or information or remarks causing other harms, unauthorized use or falsification of the email header information of this Website, inter alia.
4.7 If there is suspicious activity related to your Account, we have right to request additional information from you, including authenticating documents, and to freeze any transactions pending our review. We will then conduct an investigation and determine whether to unfreeze the account or permanently close it. During the investigation, deposits, withdrawals, and trading will be disabled. If we decide to close the account, the user will be allowed to withdraw all legally-owned funds.
4.8 For abnormal transactions, market interruption and other abnormal conditions caused by system failure, network failure and other hacker attacks and other unexpected factors, we have the right to impose temporary limits on deposits and withdrawals, or cancel the abnormal transaction results, and rollback all the transactions of a certain period of time.
4.9 You may terminate this agreement with Bitforex, and close your Account at any time, following settlement of any pending transactions.
5 LIMITATION OF LIABILITY
5.1 To the extent permitted by law, Bitforex will not be held liable for any of the following damages: loss of income, loss of transaction profits, disruption of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or wilful deceit or fraud.
5.2 You understand and agree that we shall not be held liable for any damages caused by any of the following events:Where we are properly justified in believing that your specific transactions may involve any serious violation or breach of law or agreement;Where we are properly justified in believing that your conduct on this Website is suspected of being illegal or improper;The expenses and losses arising from the purchase or acquisition of any data, information or transaction, etc. through the services offered by this Website;Your misunderstanding of the Services offered by this Website;Any other losses related to the services provided by this Website, which cannot be attributed to us.
5.3 We are not responsible for the failure of preservation, modification, deletion or storage of the information released by the user. Nor will our network be liable for the typographical errors, negligence, etc. not intentionally caused by Bitforex.com network. We have the right but no obligation to improve or correct any omission, error of any part of this site.
5.4 We cannot guarantee that all the information, programs, texts, etc. contained in this Website are completely safe, free from the interference and destruction by any malicious programs such as viruses, trojans, etc., therefore, your log-into this Website or use of any services offered by this Website, download of any program, information and data from this Website and your use thereof are your personal decisions and therefore you shall bear the any and all risks and losses that may possibly arise.
5.5 We do not make any warranties and commitments in connection with any of the information, products and business of any third party websites linked to this Website, as well as any other forms of content that do not belong to us; your use any of the services, information, and products provided by a third party website is your personal decision and therefore you shall assume any and all the responsibilities arising therefrom.
5.6 We do not make any explicit or implicit warranties in connection with the market, value and price of cryptocurrency.
5.7 We do not waive any of the rights not mentioned in this Agreement and to the maximum extent permitted by the applicable law, to limit, exempt or offset our liability for damages.
5.8 Upon your registration of your account with this Website, it shall be deemed that you approve any and all operations performed by us in accordance with the rules set forth in this Agreement, and any and all risks arising from such operations shall be assumed by you.
6 INTELLECTUAL PROPERTY
6.1 All intellectual achievements included in this Website, including, but not limited to, website logos, databases, website design, text and graphics, software, photos, videos, music, sounds and any combinations of the aforementioned files, and the intellectual property rights of software compilation, associated source code and software (including small applications and scripts) shall be owned by this Website. You may not copy, modify, copy, transmit or use any of the foregoing materials or content for commercial purposes.
6.2 All rights contained in the name of this Website (including but not limited to business goodwill and trademarks, logos) shall be owned by the Company.
6.3 Upon accepting this Agreement, it shall be deemed that you, on the basis of your own free will, have transferred and assigned exclusively and free of charge to this Website all copyright of any form of information that you publish on this Website, including, but not limited to copyrights, distribution rights, lease rights, exhibition rights, performance rights, projection rights, broadcasting rights, information network dissemination rights, shooting rights, adaptation rights, translation rights, compilation rights and other transferable rights that copyright owners are entitled to, and this Website shall have the right to sue for any infringement on such copyright and obtain full compensation for such infringement. This Agreement shall apply to any content that is published by you on this Website and is protected by copyright law, regardless of whether the content is generated before or after the signing of this Agreement.
6.4 You shall not illegally use or dispose of the intellectual property rights of this Website or any other person during your use of the services offered by this Website. For any information that you publish on this Website, you may not publish or authorize other websites (or media) to use such information in any manner whatsoever.
6.5 Your log into this Website or use of any of the services offered by this Website shall not be seemed as our transfer of any intellectual property to you.
7 APPLICABLE LAW AND VENUE
These Terms and your use of the Services will be governed by and construed in accordance with the laws of the Website registration country. You agree that any action at law pursued by you and arising out of or relating to these Terms not subject to arbitration (as set forth below) will be filed only in the local court where Bitforex.com locates and you hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such court over any suit, action or proceeding arising out of these Terms.
You and we agree to arbitrate any dispute arising from these Terms or relating to the Services, except that you and we are not required to arbitrate any dispute in which either party seeks other relief for the alleged unlawful use of copyrights, trademarks, trade names, logos, trade secrets or patents. ARBITRATION PREVENTS YOU FROM SUING IN COURT. You and we agree that you will notify each other of any dispute within thirty (30) days of when it arises, that you will attempt informal resolution prior to any demand for arbitration and that arbitration will be conducted confidentially by a single arbitrator. You and we also agree that the local court where Bitforex.com locates has exclusive jurisdiction over any appeals of an arbitration award and over any suit between the parties not subject to arbitration. You also agree not to participate in claims brought in by a private attorney general or representative capacity, or consolidated claims involving another person, if we are a party to the proceeding.
If any provision of this Agreement is deemed to be unlawful, invalid or unenforceable for any reason, such provision shall be deemed to be divisible and shall not affect the legal effect of any other provision.
12 CONTACT US