As used herein, “BittLend.IO” refers to the company BittLend.IO, including but not limited to, its owners, directors, investors, employees or other related parties.
The User is solely responsible for understanding and complying with any and all laws, rules and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of all services, products and content of BittLend.IO.
1.1.1. Account: means an account registered by the User on the BittLend.IO Platform.
1.1.2. Buyer: means the User who submits an Order to buy Crypto currencies through the Platform.
1.1.3. Commission: means a fee charged by or on behalf of any third party (e.g. bank, non-bank financial institution, payment service provider, etc).
1.1.4. Crypto currency: means peer-to-peer decentralized digital representation of value (e.g. bitcoin, litecoin, ethereum, etc.).
1.1.5. Deposit: means a Transaction involving a transfer of Funds to the Account.
1.1.6. Fiat currency: means government-issued currency that is designated as legal tender in its country of issuance through government decree, regulation, or law.
1.1.7. Funds: means Crypto currency and Fiat currency
1.1.8. Platform: means an environment created by BittLend.IO that allows to trade Crypto currencies.
1.1.9. ICO: means the initial coin offerings at an discounted price.
1.1.10. Seller: means the User who submits an Order to sell Crypto currencies through the Platform.
1.1.11. Services: mean all and any service provided by BittLend.IO.
1.1.12. Site: means BittLend.IO website at https://BittLend.IO .
1.1.13. Transaction fee: means a fee which is payable to BittLend.IO for each completed Transaction.
1.1.14. Transaction Price: means the total price paid by the Buyer in respect to each Transaction performed via the Service.
1.1.15. Transaction: means (i) transfer of Crypto currencies or Fiat currencies by the User to his/her Account (“Deposit Transaction”); (ii) transfer of Crypto currencies , Fiat currencies among the Users (“Trading Transaction”), (iii) withdrawal of Crypto currencies or Fiat currencies from his/her Account (“Withdrawal Transaction”).
1.1.17. Withdrawal: means a Transaction involving a transfer of Funds from the User’s Account to his/her bank account or to account opened in any other financial institution.
1.2. Where the context so admits words denoting the singular shall include the plural and vice versa.
2.1. The Services allow all Users of the Platform to trade Crypto currencies with other Users.
2.2. Depending on the User’s place of residence, the User may not be able to use all the functions of the Site. It is the User’s responsibility to follow those rules and laws in his/her place of residence and/or place from which the User accesses this Site.
2.3. The User acknowledges and agrees that, when completing Trading Transactions, he/she is trading with other Users, and that BittLend.IO acts only as an intermediary in such Transactions, not as counterparty to any trade.
3.3. The User undertakes to comply with any and all applicable laws and regulations related to the use of the Services.
3.4. The User undertakes to monitor all and any changes on his/her Account, including but not limited to the balance matters.
3.6. The User agrees that, whenever the Transaction is made, the Platform sends and receives the monetary sums and/or Crypto currencies to/from the Buyer’s and the Seller’s Accounts opened in their name and on their behalf.
3.7. The User undertakes to notify BittLend.IO immediately of any unauthorized use of his/her Account or password, or any other breach of security by email addressed to admin@BittLend.IO. Any User who violates the mentioned rules may be terminated, and thereafter held liable for losses incurred by BittLend.IO or any user of the Site.
3.8. The User undertakes not to use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking.
3.9. The User is responsible for any and all damages caused and all liability actions brought against BittLend.IO for infringement of third party rights or violation of applicable laws.
3.11. Users are solely responsible for determining whether any contemplated Transaction is appropriate for them based on their personal goals, financial status and risk willingness.
4.1. By registering an Account, User solely represents and warrants that he/she:
5.3. BittLend.IO‘s responsibility shall be limited to using reasonable technical efforts to ensure the receipt of the Crypto currency transferred. When initiating Crypto currency transactions to a user who is not the BittLend.IO User, BittLend.IO responsibility shall be further limited to ensuring the transfer of the necessary technical data to the Crypto currency network.
5.5. BittLend.IO is not responsible for any malfunction, breakdown, delay or interruption of the Internet connection, or any reason why our site is unavailable at any given time.
5.6. In the case of fraud, BittLend.IO undertakes to report all the necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law. Users recognize that their account may be frozen at any time at the request of any competent authority investigating a fraud or any other illegal activity.
5.7. Nothing in these terms excludes or limits the responsibility of BittLend.IO 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 be limited or excluded by law.
6.2. All buy and sell orders made on the Platform, will be managed in an anonymous manner so that Buyers and Sellers are not acquainted with each other. The Transaction Price is calculated on the basis of actual matched orders made by Buyers and Sellers participating in the bidding process on the Platform combined with the applicable Transaction fees.
6.3. BittLend.IO represents and warrants that once the orders to buy or sell Crypto currencies match, such orders may not be cancelled or reversed. It holds all Crypto currencies transferred and acquired by each User in his/her Account and on the respective User's behalf.
7.1. All content on this Site is the property of BittLend.IO and is protected by copyright, patent, trademark and any other applicable laws, unless otherwise specified hereby.
7.2. The trademarks, trade names, service marks and logos of BittLend.IO and others used on the Site (hereinafter the “Trademarks”) are the property of BittLend.IO and its respective owners. The software, applications, text, images, graphics, data, prices, trades, charts, graphs, video and audio materials used on this Site belong to BittLend.IO. The Trademarks and other content on the Site should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, no matter manual or automated. The use of any content from the Site on any other site or a networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, patent, trademark and any other applicable laws and could result in criminal or civil penalties.
7.3. BittLend.IO supports the protection of intellectual property. If you would like to submit (i) a trademark claim for violation of a mark on which you hold a valid, registered trademark or service mark, or (ii) a copyright claim for material on which you hold a bona fide copyright, please send us an email to admin@BittLend.IO.
8.1. Identification and verification procedures (also known as 'Know Your Customer' or ' KYC') are required for all Transactions, which involve Fiat currency. On its sole discretion BittLend.IO may apply mentioned KYC procedures to Users, who make Transactions exclusively in Crypto currency. If the User refuses to provide required documents and information BittLend.IO reserves the right to immediately terminate Services provision to the User.
8.2. You undertake to provide BittLend.IO with correct and relevant documents and personal information contained therein. In case the User provides counterfeit documents and false personal information, such behaviour will be interpreted as a fraudulent activity.
8.3. You hereby authorise BittLend.IO to, directly or indirectly (through third parties) make any inquiries we consider necessary to check the relevance and accuracy of the information provided for verification purposes.
9.1. The Site is for the User’s personal and non-commercial use only. BittLend.IO is vigilant in maintaining the security of the Site and the Service. By registering with BittLend.IO, the User agrees to provide BittLend.IO with current, accurate, and complete information about him/herself as prompted by the registration process, and to keep such information updated.
9.2. The User is allowed to register only one Account on the Platform. Thus, any additional Account may be suspended.
9.3. The User agrees that he/she will not use any Account other than his/her own, or access the Account of any other User at any time, or assist others in obtaining unauthorized access.
9.4. BittLend.IO reserves the right to recommend amount limits for Account funding/withdrawal. BittLend.IO could recommend daily, monthly and per one-transaction amount limits.
9.5. The User is responsible for maintaining the confidentiality of information on his Account, including, but not limited to his password, email, wallet address, wallet balance, and of all activity including Transactions made through his Account. If there is suspicious activity related to the User’s Account, BittLend.IO may request additional information from the User, including authenticating documents, and freeze the Account for the review time. The User is obligated to comply with these security requests, or accept termination of his Account.
9.6. The creation or use of Accounts without obtaining the prior express permission from BittLend.IO will result in the immediate suspension of all respective Accounts, as well as all pending buy/sell orders. Any attempt to do so or to assist others (Users or other third parties), or the distribution of instructions, software or tools for that purpose, will result in termination of such Users’ Accounts. Termination is not the exclusive remedy for such a violation, and BittLend.IO may decide to take further action against the User.
9.7. In case if it has been more than six (6) month since the User signed in with his/her Account or made the Funds deposit, BittLend.IO has the right to qualify this Account as abandoned. In that case Storage fee will be applied to such Account with seven (7) days prior email notification to the User. BittLend.IO will charge the Storage fee set forth herein. Abandoned Accounts with zero balances shall be deactivated.
9.8. The User has the right to claim his/her assets back and BittLend.IO undertakes to return such assets to the User charging its commission for assets return indicated in Section 12 hereof.
10.1. The Platform allows the User to submit Orders to purchase or sell Crypto currencies.
10.2. The User recognizes that an Order should only be submitted after careful consideration and the User understands and accepts consequences of its execution. The User agrees that as soon as the Order is executed, such transaction is irreversible and may not be cancelled. Transactions will be executed instantly upon the matching of the Buyer's and the Seller's Orders, without prior notice to the Seller and the Buyer, and will be considered to have taken place at the execution date and time.
10.3. Minimum and maximum order amount vary for each trading pair, and can be seen on the Trade Page when placing an Order.
10.4. The User acknowledges and agrees that Deposit and Withdrawal Transaction in Fiat currency may be delayed due to bank verifications and checks, for a period up to one (1) month. Similarly and due to the inherent nature of the Crypto currency networks, the User acknowledges and agrees that depositing and withdrawing Crypto currencies into/from his/her Account may take between one (1) hour and twenty-four (24) hours, barring unforeseen or unavoidable network issues.
10.5. Unverified users are not allowed to withdraw any Crypto currencies from their Account within forty-eight (48) hours after the Account was created.
10.6. In case if the User discovers transaction activity, including but not limited to unknown deposits and withdrawals, on his/her Account that was not initiated by the User, the User shall immediately notify BittLend.IO of this fact and follow the instructions sent by BittLend.IO. Otherwise, BittLend.IO reserves the right to freeze the Account until the end of investigation.
10.7. BittLend.IO may be forced to cancel or recall already executed Withdrawal Transaction at a request of financial institutions, including but not limited to banks, which are involved in settlement of such Transactions. In such cases the User obliges to cooperate with BittLend.IO in order to discover the reasons for such request.
11.1. The User agrees to pay BittLend.IO the Transaction fee for each completed Transaction.
11.2. Prior to trading, the User must consider Transaction fee rates published on the Fee Schedule page. However, BittLend.IO reserves the right to change Transaction fee rates from time to time publishing updates on the Fee Schedule page.
11.3. Transaction fee amount is automatically charged off in the currency indicated after symbol “/” in the trading pair after the relevant Transaction. Thus, for BTC/USD, the fee charged in USD; for LTC/BTC, the fee charged in BTC.
11.4. The minimum transaction fee equals to minimum currency amount. For fiat currency it equals to 0.01, for Crypto currency it depends on currency. Transaction fee is charged according to the Rounding policy.
11.5. Minimum and maximum price, as well as minimum and maximum order amount vary for each trading pair, and can be seen on the Trade Page when placing an order.
11.6. For specific type of orders, the Transaction fee may differ from those published on the 'Fee Schedule' page. Transaction fee rate shall be disclosed before the order execution.
11.7. The Transaction fee, other charges, as well as the charge procedure can be changed/reviewed unilaterally by BittLend.IO from time to time and such changes shall become effective the moment they are posted on the Site.
12.1. For all financial calculations, BittLend.IO uses a rounding policy in the favour of the Platform. BittLend.IO rounds the fiat currencies to the 2nd digit after the separator. Rounding policy for Crypto currencies varies depending on Crypto currency.
12.2. For the purpose of the processes optimization, transactions on the Platform with regard to some items (including, but not limited to currencies, crypto currencies etc.) will not be reflected at the User’s Account and will appear as soon as a unit as whole in accordance with the rounding standards.
13.1. BittLend.IO reserves the right to suspend or terminate your BittLend.IO Account at any time if we reasonably believe to be required to do so by the law or in order to comply with recommendations issued by a relevant government authority or recognized body for the prevention of financial crime.
13.2. It is strictly forbidden to use the Account for any illegal purposes. BittLend.IO will report any suspicious activity to the relevant law enforcement.
13.3. The User shall ensure that it does not use the Services for transactions relating to:
14.1. The User is responsible for maintaining the confidentiality of his/her Account’s credentials, including, but not limited to a password, email, wallet address, balance, and of all activity including Transactions made through the Account.
14.2. BittLend.IO personnel will never ask the User to disclose his/her password. Any message the User receives or website that he/she visits that asks for the password, other than the BittLend.IO Site, should be reported to BittLend.IO.
14.3. It is advisable to change the User’s password regularly (at least every three (3) to six (6) months) in order to reduce the risk of a security breach in relation to the Account. BittLend.IO also advises the User not to choose a password that is easily guessed from information someone might know or gather about the User or a password that has a meaning. The User must never allow anyone to access his/her Account or watch the User accessing his/her Account.
14.4. If the User has any security concerns about his/her Account, login details, password or other security feature being lost, stolen, misappropriated, used without authorization or otherwise compromised, the User is advised to change the password. The User must contact Support Service without undue delay on becoming aware of any loss, theft, misappropriation or unauthorized use of the Account, login details, password or other security features. Any undue delay in notifying BittLend.IO may not only affect the security of the Account, but may result in the User being liable for any losses as a result. If the User suspects that someone else accessed his/her Account, the User should also contact the BittLend.IO admin at admin@bittLend.IO.
14.5. The User must take reasonable care to ensure that his/her e-mail account(s) are secure and only accessed by the User, as his/her e-mail address may be used to reset passwords or to communicate with the User about the security of the Account. BittLend.IO cannot be liable for the breach of an e-mail account resulting an unauthorized Transaction to be executed with proper confirmation. In case any of the e-mail addresses registered with the User’s Accounts are compromised, the User should without undue delay after becoming aware of this contact Support Service and also contact his/her e-mail service provider.
14.6. Irrespective of whether the User is using a public, a shared or his/her own computer to access the Account, the User must always ensure that his/her login details are not stored by the browser or cached or otherwise recorded. The User should never use any functionality that allows login details or passwords to be stored by the computer he/she is using.
14.7. Additional products or services the User uses may have additional security requirements and the User must familiarize with those as notified to him/her.
14.8. Two-factor authentication must be enabled in order to make any Withdrawal Transactions.
15.3. BittLend.IO also reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more, and/or to modify or discontinue our Site or Service. The User agrees that BittLend.IO will not be liable to them or to any third party for termination of their Account or access to the Site.
15.4. The suspension of the Account shall not affect the payment of the Transaction fees due for past Transactions. Upon termination, the User shall provide a valid bank account details or Crypto currency address to allow the transfer of any currencies deposited to his/her Account. BittLend.IO shall transfer the currencies as soon as possible following the User's request in the time frames specified by BittLend.IO.
15.5. BittLend.IO will send the credit balance of the User’s Account to him/her, however in circumstances a number of intermediaries may be involved in an international payment and these or the beneficiary bank may deduct charges. BittLend.IO will use reasonable efforts to ensure that such charges are disclosed to the User prior to sending the payment; however where they cannot be avoided, the User acknowledges that these charges cannot always be calculated in advance, and that he/she agrees to be responsible for such charges.
16.1. The User undertakes to pay all his/her taxes and duties, which can be resulted from the use of BittLend.IO Services and should be paid according the User’s state of residence regulations.
16.2. BittLend.IO does not responsible for any violation made by the User due to his/her obligation to calculate and pay taxes and duties.
17.1. BittLend.IO reserves the right to send notices to, and communicate with the User by any means of communication, available to BittLend.IO, considering the contact details provided by the User.
19.1. In no event shall bittLend.Io, its officers, directors, employees, agents, and all third party service providers, be liable to you or any other person or entity for any direct, indirect, incidental, special, punitive, or consequential damages whatsoever, including any that may result from (I) the accuracy, completeness, or content of this site, (ii) the accuracy, completeness, or content of any sites linked (through hyperlinks, banner advertising or otherwise) to this site, (iii) the services found at this site or any sites linked (through hyperlinks, banner advertising or otherwise) to this site, (iv) personal injury or property damage of any nature whatsoever, (v) third-party conduct of any nature whatsoever, (vi) any unauthorized access to or use of our servers and/or any and all content, personal information, financial information or other information and data stored therein, (vii) any interruption or cessation of services to or from this site or any sites linked (through hyperlinks, banner advertising or otherwise) to this site, (viii) any viruses, worms, bugs, trojan horses, or the like, which may be transmitted to or from this site or any sites linked (through hyperlinks, banner advertising or otherwise) to this site, (ix) any user content or content that is defamatory, harassing, abusive, harmful to minors or any protected class, pornographic, “x-rated”, obscene or otherwise objectionable,
And/ or (x) any loss or damage of any kind incurred as a result of your use of this site or the services found at this site, whether based on warranty, contract, tort, or any other legal or equitable theory, and whether or not bittLend.Io is advised of the possibility of such damages. In addition, you specifically acknowledge and agree that any cause of action arising out of or related to this site or the services found at this site must be commenced within one (1) year after the cause of action accrues, otherwise such cause of action shall be permanently barred. In addition, you specifically acknowledge and agree that in no event shall bittLend.Io’s total aggregate liability exceed the total amount paid by you for the particular services that are the subject of the cause of action. The foregoing limitation of liability shall apply to the fullest extent permitted by law, and shall survive any termination or expiration of this agreement or your use of this site or the services found at this site.
19.1. BittLend.IO will not be liable for Transactions, initiated by the User, below prescribed limits, as stated in clause 10.10 hereof.