TERMS OF USE

In using this website you are deemed to have read and agreed to the following terms of use:

These Terms and Conditions (the 'Terms') set out the conditions under which CoinBitBit, a company incorporated under the laws of Hong Kong (hereinafter, 'CoinBitBit') offer you use of the COINBITBIT.COM Website at https://COINBITBIT.COM (the 'Site' or 'Website') and access to the COINBITBIT.COM Platform (the 'Platform'). Please read these Terms carefully and do not use the Site or the Platform unless you accept them.

Furthermore, the following terminology applies to these Terms and Conditions and any or all Agreements: 'Client', 'Registered Member', 'You' and 'Your' refers to you, the person accessing this website and accepting the Company's terms and conditions. 'The Company', 'Ourselves', 'We' and 'Us', refers to COINBITBIT.COM. 'Party', 'Parties', or 'Us', refers to both the Client and ourselves, or either the Client or ourselves. All terms refer to the offer, acceptance and consideration of payment or fees necessary to undertake the services provided by COINBITBIT.COM and its' associated Platform.

COINBITBIT.COM and its associated Platform facilitates a service whereas registered members can exchange fiat currency for virtual currency.

By registering on and using any of the functions provided by the COINBITBIT.COM Site or Platform, you are deemed to have read, understood and accepted all of the following terms & conditions. In addition, by opening an account to use the COINBITBIT.COM Platform:
  • you have accepted these Terms; and
  • you are confirming that you are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction as a result of using the COINBITBIT.COM Platform
  • you agree only to trade with legally obtained funds that belong to you
  • you agree to take full responsibility for your trading or non-trading actions and any gains or losses sustained as a result of using the COINBITBIT.COM platform
  • you confirm the details provided upon registration are true and accurate
  • you are confirming that you are not residing in, nor a citizen of, the United States of America
  • you agree to abide by any relevant laws in your jurisdiction, including reporting any trading profits for taxation purposes.

IMPORTANT

Persons located in certain territories, currently including the United States of America and its territories and the countries specified as prohibited, excluded or similar as part of the terms and conditions and/or list on the website, in each case as supplemented from time to time are not permitted to use the website, with the exception of withdrawing any funds directly to the account owner. To remove any doubt, this restriction also applies to residents and citizens of other nations while located in a prohibited jurisdiction. The fact that the website is accessible in a prohibited jurisdiction, or that the website allows the use of the official language of a prohibited jurisdiction, shall not be construed as a license to use the website in such prohibited jurisdiction. any attempt to circumvent this restriction, for example, by using a vpn, proxy or similar service that masks or manipulates the identification of your real location, or by otherwise providing false or misleading information regarding your citizenship, location or place of residence, or by using the website through a third party or on behalf of a third party located in a prohibited jurisdiction is a breach of this agreement. If it becomes apparent, or we have reasonable grounds to suspect, that you are located in any of the prohibited jurisdictions, this may result in closing your account, without an obligation to provide you with advance notice, all in accordance with applicable laws and agreements.

CHANGES TO TERMS

CoinBitBit reserves the right, at its sole discretion, to change, add or remove portions of these Terms, at any time. Such notification will be made via the Website. It is your responsibility to review the amended Terms. Your continued use of the Website and Platform following the posting of changes will mean that you accept and agree to the changes and you agree that all subsequent transactions by you will be subject to these Terms.

CoinBitBit reserves the right to close inactive accounts that have exhibited no events or transaction activity for a period greater than 6 months. Customers of whom accounts will be closed as a result of this condition will be contacted by CoinBitBit using the customers registered email address 14 days prior to account closure. After the account is closed, customers will have 30 days to make arrangements for any funds held in the account or notify CoinBitBit by email that they wish to keep the account open. CoinBitBit will not be liable for any funds that were held within the account after 30 days from account closure.

DISCLAIMER

It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and it is your responsibility to collect, report an remit the correct tax to the appropriate tax authority, regardless of jurisdiction. CoinBitBit is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction, to you or any taxation, governing or third authority.

Trading Bitcoins, virtual currencies and virtuawe commodities carries a high level of risk, and may not be suitable for everyone. Before deciding to buy or sell these instruments you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with virtual commodities, and seek advice from an independent financial adviser should you have any doubts. Furthermore, there may be risks that are not disclosed in our Terms of use. You should use extreme consideration and be conscious of assessing your financial situation and tolerance for risk before engaging in activities involving the trading of virtual commodities.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. CoinBitBit will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. As CoinBitBit does not control the reliability or availability of the Internet, CoinBitBit cannot be responsible for communication failures, distortions or delays when trading via the Internet.

The content on this website is subject to change at any time without notice, CoinBitBit has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through website.

In case of discrepancy between the English version and the Chinese versions in respect of all or any part of the contents in the website, the English version shall prevail.