BIT TEAM GROUP LTD
Company number 12217300
85 Great Portland Street, First Floor, London
England, W1W 7LT

ВТТ Platform Terms of Use

Last updated on February 24, 2020

PLEASE READ THESE PLATFORM TERMS OF USE CAREFULLY.

BY CLICKING “CREATE AN ACCOUNT” AND USING OUR PLATFORM, YOU AGREE TO THESE PLATFORM SERVICES TERMS OF USE. YOU EXPRESS YOUR AGREEMENT THAT THIS AGREEMENT ON THE TERMS AND CONDITIONS OF USE OF THE BIT.TEAM SERVICE IS ALSO, AND ALSO THE DOCUMENTS INCLUDED IN THIS AGREEMENT BY THE REFERENCES.

IF YOU WANT TO USE OUR SERVICES, YOU MUST READ AND AGREE WITH THE PRIVACY POLICY AND CONSENT TO THE PROCESSING OF PERSONAL DATA https://bit.team/page/privacy

If you disagree with any of the terms and conditions or find this document non-compliant with the laws of the country of your location, you shall not use the website and services of the BIT.TEAM platform. Otherwise, you will incur all losses and expenses caused by non-compliance with the above documents relating to your liability to us and to third parties.

The current version of the document is posted on https://bit.team/page/agreement and offered to the User for review at all times.

The Website Administration recommends that Users regularly check the Terms of Use for changes and / or additions. By using BIT.TEAM platform, user express his / her approval of such changes and / or additions to this document.

Our Services

BIT.TEAM is a multicurrency P2P platform that provides services for buying / selling cryptocurrencies (for example, bitcoins) with the possibility of automating the process of buying / selling digital assets, acting as a guarantor of the transaction security.

The users may not use the platform to make transactions in fiat currencies. The range of available platform services may depend on the country of access.

Platform User Requirements

To use BIT.TEAM, you must comply with certain requirements set forth in this document. For instance, you may not use the platform until you come of age or if you are a resident of the country where our platform does not work / prohibited / not in compliance with local law, etc.

In addition, certain actions are prohibited for the BIT.TEAM platform users. For instance, users may not engage in illegal activities, provide false information or perform other actions that may harm our services or systems.

For more information, please see 3.5.8. – 3.5.20.

Risks Associated with Transactions with Digital Assets

Due to a vague legal framework with regard to digital assets, transactions with digital assets in most jurisdictions may be risky. Only use our platform if you fully understand these risks.

Other Terms and Conditions

Other terms and conditions are specified below, including indemnification liability, limitation of liability and disclaimer, as well as your consent to arbitration of most disputes. If you decide to use our platform, please carefully read the terms and conditions specified herein.

Since some or part of the services may be supported and provided by third parties, BIT TEAM GROUP LTD may entrust the performance of certain services to its affiliates, as well as to third parties whose activities are regulated by their internal documents. For example, services related to providing Users with the possibility of parties to complete transactions with digital assets are provided by WALLBTC PTE. LTD and its affiliates, as well as third parties, in the implementation of transactions concluded by our platform. Services are provided in accordance with the conditions specified in the Rules posted on the website https://wallbtc.com/page?param=documentation, including the User Agreement, available at https://wallbtc.com/page?param=terms-of-use. By continuing to use the platform website you agree to the specified documents.

If you do not agree to such conditions, please do not use our platform.

Additional conditions for the provision of services may be established in a separate agreement concluded between us and the User.

If you have any questions, feel free to contact our support service – [email protected]

Full Terms of Use

These Terms of Use and any “terms” and “rules” specified in this document apply to your access to the websites and applications provided by BIT.TEAM (collectively referred to as the “platform”, “BIT.TEAM”, “we”, “us”), as well as to the platform-provided services, as described in these Terms of Use (collectively referred to as the “services”).

  1. Basic Definitions

In this document, unless otherwise stated directly in its body text, the following words and expressions shall have the meanings described below:

Platform”, “Platform Services” refer to BIT.TEAM websites, applications, services or tools operated by BIT TEAM GROUP LTD. “Platform”, “we” and “us” refer to BIT TEAM GROUP LTD

BIT.TEAM is a trademark representing BIT TEAM GROUP LTD

Website Administration”– authorized employees responsible for the website management, acting on behalf of BIT TEAM GROUP LTD

Service” refers to any services, features or functions offered on the Website.

Platform Website” is a website located at https://bit.team with access to the BIT.TEAM platform interface.

Smart Contract” is a program code enabling users to make transactions with digital assets.

User” – any person using the BIT.TEAM Platform Website, regardless of registration;

BIT.TEAM Account” means a user account accessible through the BIT.TEAM platform services. This is a personal page of a registered User with an individual number. It is accessible only to the User with login and password. The computer program interface is located and accessible on the Platform Website. During registration, a specialized “wallet” for storing digital assets (cryptocurrencies) is assigned to each account in accordance with the agreements concluded by BIT TEAM GROUP LTD with its affiliates and third parties providing the platform services.

External Account” refers to any account (accounts with digital assets) owned or operated by the User, which is supported outside the BIT.TEAM platform services. It is not owned, controlled or operated by the platform, which may be used to transfer digital assets to the User’s BIT.TEAM Account and vice versa.

Financial Account” refers to any financial account of the User (with money or digital assets). The User acts as its real owner, while it is maintained by a third party outside the BIT.TEAM platform.

Digital Asset” is a digital representation of value as “cryptocurrency”, “virtual currency”, “digital currency”, “crypto token”, “token” “crypto asset” or “digital goods”. Examples include bitcoin or ethereum, which is based on a computer network cryptographic protocol. It can be centralized or decentralized, closed source or open source, used as a medium for value exchange and / or storage, as well as acquired or sold using the platform services.

  1. Legality

The BIT.TEAM platform cannot provide services in all markets and jurisdictions.

It is prohibited to use the platform services in Japan, China, the United States of America (including all states and the District of Columbia), Puerto Rico, the United States Virgin Islands, any other possessions of the United States of America or in any country where operations with digital assets are prohibited or restricted in any way. Any actions of the specified individuals / legal entities in those countries or locations involving digital assets shall be deemed prohibited, illegal, unauthorized and fraudulent and may have negative consequences.

Depending on the User’s location, his / her rights to use the Service may be limited by applicable law. The User is personally liable for failure to comply with the legislation in force.

To use the platform services, confirm and warrant during registration that you:

  • are major (at least 18 (21 in some countries) years old) and a legally capable individual; have the necessary legal capacity and competence, as well as all the rights and powers necessary and sufficient for conclusion and execution of this document in accordance with its terms and conditions.

  • have not been previously removed from the list of users of our platform;

  • have the right to enter into this agreement and at the same time do not (and will not) violate any other agreement to which you are a party;

  • will not use our services if any applicable law in your country prohibits you from doing so in accordance with these Terms of Use;

  • have no beneficiaries or beneficial owners and act only for personal ends.

  1. BIT.TEAM Account

3.1 We may, in our sole discretion, limit the number of BIT.TEAM Accounts available for registration.

3.2. BIT.TEAM Account Data and Security.

To use any of the platform services, create a BIT.TEAM Account and provide any information at our request.

By creating an account, you agree to:

(a) create a strong password that you will not use for any other website or online service;

(b) provide accurate and reliable information;

© keep your BIT.TEAM Account information up to date at all times;

(d) ensure your account security by protecting your password and restricting unauthorized third-party access to your account;

(e) promptly notify us of any security violations in relation to your account; and

(f) take responsibility for all account activities, as well as accept all risks of authorized or unauthorized access to your account to the maximum extent permitted by law.

3.3. BIT.TEAM Account Registration Procedure.

3.3.1. To get an Account on the platform’s website, as well as to use the platform services, the User shall be registered.

3.3.2. An Account is a personal page and a profile of the User. It can only be used by the User it has been provided to. In accordance with Annexes 1 and 2, 3 hereto, depending on whether the User has passed the Identification Procedure (AML verification), the Service may limit the User’s rights to perform operations with digital assets.

3.3.3. Each account is assigned with an individual number.

3.3.4. You shall provide any necessary information when creating an account or when prompted to do so on any page of our website. You represent and warrant that any information you provide is accurate, complete and reliable.

  1. Using the Account
  2. To gain access to the Account and perform any operations with it, User Authentication is mandatory.
  3. The login and password received by the User at the time of registration on the Platform Website are necessary for User Authentication and obtaining access to the User Account, as well as the platform interfaces and services.
  4. The use of authorization data other than login(s) and password(s) and their change are allowed only if the User has entered the correct current password(s).
  5. The User is fully responsible for non-disclosure of his / her authorization data to third parties. Any actions performed with the User’s correct authorization data are deemed performed by the User, unless otherwise established by applicable law.
  6. The User shall not disclose information about access to the Account or provide the Account itself to third parties or other Users.
  7. In the event of theft or use of information about access to the Account or the Account itself by third parties, the User shall bear the burden of proof that it was not his / her fault.
  8. The User is liable for actions of third parties who have obtained access to his / her account.
  9. Any actions performed with the User Account are deemed performed by the User it has been provided to.
  10. In case of loss of access to the Account, the User can restore it as follows:
  • by entering the correct password recovery code (for the password previously created by the User for this Account), if the Service has such an option;

  • by entering the recovery code sent as a text message to the User’s mobile phone number associated with the Account at the User’s request;

  • in a different way approved by both parties.

  1. We reserve the right to refuse to restore access to the User Account in the following cases:
  • the data provided by the User to restore access to the Account differs from the data entered in the Service during User Identification;

  • ownership of this Account by the person who applied for access restoration has not been confirmed after considering the corresponding request;

  • identifying information provided during User Identification differs from the information provided earlier, during the previous User Identification with respect to the same Account.

  1. We reserve the right to block the User Account.
  • At the initiative of competent public authorities, User Account Block Mode is set in cases and in accordance with the procedure established by law.

  • At the User’s initiative, User Account Block Mode is set at any time based on the User’s notification sent to us in one of the following ways: by contacting the Platform Support Service over the phone; by contacting the Platform Support Service using the Website Service; in a different way foreseen by us.

  • At our initiative, User Account Block Mode is set, if we suspect that the User has violated the Account Terms of Use, including in the following situations:

  • to ensure security of the Account data, accessible using the Account, while the Service suspects unauthorized access in relation to the latter, if necessary;

  • in case of non-standard or unusually complicated schemes of operations, different from the usual order of operations characteristic of the Platform Users;

  • as part of fulfilling the requirements established by the AML/CFT legislation;

  • if we demand User Identification on any of the grounds provided for in these Terms of Use;

  • in case of any operations resulting from unauthorized access to the Account.

  • if the identified User, whose Account is blocked for any reason provided for in these Terms of Use, has other accounts, the Service has the right to block these Accounts;

A blocked Account means termination of all services provided.

3.4.12. We may, in our sole discretion, with or without prior notice modify or discontinue, temporarily or permanently, any services of our platform at any time.

3.4.13. If there is a force majeure event (as defined in these Terms of Use) or in case of the agreement violation, we may suspend access to all or part of our Services in our sole discretion and without prior notice. We reserve the right to immediately terminate access to the Services in our sole discretion and without prior notice, as well as to delete or deactivate your BTT account and all the related data and files. In the event of force majeure, we are not liable to you. The same is true, if you violate these Terms of Use.

3.4.14. The User has the right to request to delete his Account and personal data by sending the corresponding requirement of the Website Administration to the email address [email protected] The request should include the following information: First Name, Last Name, Login, e-mail address. The site administration is obliged to destroy personal data and delete the account within a period not exceeding thirty days from the date of receipt of the specified request from the User. Account and User data are permanently deleted.

  1. Account Terms of Use
  1. The User shall comply with applicable laws, respect our rights and legitimate interests, as well as those of the third parties.
  2. The User shall use the Account personally at all times. The User is not entitled to disclose or otherwise provide his or her Authorization Data to third parties.
  3. The User shall ensure the storage of the Authorization Data in a way excluding the possibility of third-party access. In particular, the User shall neither record the Authorization Data in a way suggesting what it refers to, nor save it electronically, including in special password-storing programs. The User shall take all necessary measures to preserve confidentiality, prevent unauthorized use and protect his / her Account from unauthorized third-party access.
  4. Before entering the password, the User shall make sure that he / she is not monitored, including using technical means;
  5. Before entering the password, the User shall make sure that:

а) connection with the BIT.TEAM Platform Website is established using the https: // protocol;

б) the URL of the Platform Website (https://bit.team) is indicated in the browser line;

  1. The User shall not use third-party computers or other devices to access the Account;
  2. The User shall ensure antivirus security of the device used to access the Account;
  3. The User shall not use the Account to carry out unlawful acts (indicating a crime, an administrative offense, non-fulfillment of civil and legal obligations to any third parties, money laundering and terrorist financing, as established in our sole discretion). In particular, the User shall not use the Account:
  • for systematic accumulation and further allocation of funds among several recipients / systematic transfer to the User’s own accounts / cash withdrawal / other transactions indicative of a transit;

  • to provide or raise funds to finance an organized gang, an illegal armed group or a criminal community / organization;

  • to make / receive payment in relation to limited goods or goods made unavailable;

  • for the purpose of stealing / concealment of other people’s monetary funds;

  • for any operations related to the distribution of information, goods, works and services promoting hatred, violence, racial or religious intolerance, Nazi or similar emblems and / or symbols calling for overthrow of the government and a change of the existing state system, illegal destruction of property, rebellions, riots and other extremist activities;

  • for any operations directly or indirectly related to terrorism financing;

  • for any operations that violate or suggest violation of any intellectual property rights;

  1. The User shall not use the Account to finance occult religious / occult philosophical / mystical and similar associations promoting the spread of destructive cults, the manifestation of religious and ethno-confessional extremism;
  2. The User shall not use the Account to raise funds and finance the political activities of individuals and legal entities, including non-profit and non-governmental organizations;
  3. The User shall not use the Account to perform any operations related to fundraising, while promising to distribute income in amounts comparable to the amount of attracted funds, as well as to organize such activities, including distribute information on participation in pyramid schemes, matrix programs and similar get-rich-quick schemes, MLM programs, aimed at thievery or acquisition of the right to another’s property fraudulently or through breach of trust;
  4. The User shall not use any programs and take other measures allowing the User to hide from the Service the Internet connection technical characteristics for using the Account;
  5. The User shall not take actions aiming to disrupt proper functioning of the equipment and software of the Service;
  6. The User shall not make any changes to the Account software or any part thereof independently or with third party involvement, or use any means of automated access to the Account, unless otherwise stipulated by the Service;
  7. The User shall not use the Account to perform operations related to business;
  8. While managing the Account, the User shall not use phone numbers, logins, programs, devices and other client identifiers directly or indirectly related to the Users who previously violated these Terms of Use.
  9. During registration and Simplified Identification, the User shall indicate his / her valid data.
  10. Actions of the User indicating violation of the Account Terms of Use are identified at the discretion of the Service.
  11. In case the User attempts to use his / her rights of access to the platform services in order to create obstacles to smooth operation of the platform’s website, in case of systematic violation of these Terms of Use (twice or more), the User may be denied access to the platform’s website with or without the right to restore it.
  12. It is forbidden to use the Account to transfer funds to third parties by providing them with the Account itself or granting access to it.
  1. Privacy Policy

If you use our platform services, please see our Privacy Policy, which sets the rules for processing your personal data.

  1. Procedure for Transactions with Other Platform Users. General Provisions.

This section applies to all user transactions made using the platform services, as well as to any transactions involving the transfer of digital assets to your personal BIT.TEAM Account from your External Account or vice versa.

Our obligations are limited to providing services related to the use of the platform services.

The platform does not acquire, sell or exchange any digital assets on its own behalf. The platform is not a party to transactions made by and among its users. It is not liable to any third parties for compliance of users with any obligations to each other or to third parties. It is not a party to disputes that may arise in connection with obligations resulting from deals.

  1. Users make transactions as follows:
  • the User selects bids with suitable parameters from the ones on the list (price, quantity and seller / buyer rating);

  • the User places his / her own bid with the required transaction parameters.

5.2. Transactions between users take the form of a smart contract.

If you do not understand the principles of making transactions using the platform services through smart contracts, we strongly recommend that you do not use our platform.

  1. You hereby acknowledge and agree that the platform:
  • does not regulate and does not control the compliance of transactions between the platform users with the requirements of the law and other legislative and regulatory acts, their terms and conditions, as well as the fact and consequences of conclusion, execution and cancellation of a transaction, including in terms of repayment thereunder;

  • does not act as your broker, intermediary, agent or advisor or in any fiduciary capacity; any message or information provided to you by the platform shall not be regarded as a piece of advice.

  • uses the system of depositing funds, “blocking” digital assets on the seller’s account until the buyer pays for the transaction, which guarantees both the transfer of digital assets and the payment itself.

  • does not provide information about the operations performed by the User to any third parties and is not responsible, if such information has been provided to third parties by the User.

  1. The Platform does not accept or comply with requests from third parties with regard to suspension of the User’s access to the User Account. It does not restrict the User’s rights with respect to the Platform for any reason, except when such requests are made by competent authorities of the User’s country of residence / Platform country of registration and need to be complied with in accordance with applicable law or based on a valid court decision.
  2. Users have the right to communicate with each other through the Platform Website.
  3. The Platform is not responsible for the information that Users communicate to other Users on the Platform Website or through other communication channels.
  4. We reserve the right to suspend the operation of our platform services at any time and in our sole discretion, as well as limit the number of transactions made by you using our Services, set any other conditions or restrictions on the use of our Services without prior notice. For instance, we can limit the number of transactions made from certain places.
  5. You are responsible for determining which of your transactions made with other users through the platform services are subject to taxation. You are responsible for tax reporting, correct tax calculation and payment to the appropriate tax authority. You agree that the platform is not responsible for determining whether your transactions are subject to taxation.

5.8. You are entitled to cancel your request for the purchase / sale of digital assets, if such cancellation occurs before the smart contract is executed, i.e. when the transaction is incomplete. After the smart contract is executed, you may not change, withdraw or cancel your request.

In case of any disagreements related to the operation of the platform services for executing transactions, the parties agree to the platform arbitration.

In all cases, we reserve the right to cancel any request for transaction cancellation.

We may, in our sole discretion, cancel a transaction in case of an emergency.

5.9. Disputes between the Platform Users arising from transactions made using the platform services are resolved as follows: the party concerned applies to the Arbitration Service at https://bit.team/support. The application is considered within 48 hours. If any additional documents are necessary, this period may be extended.

  1. BIT.TEAM Account Digital Assets

The platform is not responsible for operations performed on External Accounts of its Users, as well as for management and security of any of your External Accounts.

You are solely responsible for the use of any of your External Accounts and agree to comply with all terms and conditions applicable to them.

The platform makes no representations or warranties regarding the deadline for transferring digital assets to your BIT.TEAM Account, since the time for a download transaction depends on the third parties responsible for your External Account.

The platform does not accept fiat money for account financing.

  1. Accounts are for digital assets only. If you have created a BIT.TEAM Account, you can make a deposit using digital assets.
  2. Transferring funds to your External Account.

The User has the right to transfer only digital assets from his account to other accounts. There is no option of transferring fiat money from accounts.

6.3. Digital assets depositing and withdrawal.

If you need to transfer digital assets to your BIT.TEAM Account from your External Account or vice versa, you agree that the platform should perform such transactions using our Services.

6.4. Declined transactions.

In some cases, your External Account may reject your digital assets or may be inaccessible. You agree that you will not demand compensation for damages caused by the platform, resulting from such declined transactions.

6.5. The User confirms and agrees that transactions may be delayed due to checks (verification) for up to one (1) month or more in the event of unforeseen or unavoidable problems in the network.

  1. Fees for Using the BIT.TEAM Platform

  2. You agree to pay us a fee for transactions made using our services (Fees), specified in the Schedule of Fees, which is subject to change. Modifications of the Schedule of Fees are valid as of the effective date, specified when the Schedule of Fees is posted. The Fees will apply to any transactions that will take place after the effective date of the revised document.

  3. In addition to our Fees, you may be charged by your External Account provider. Any fees charged by your provider are not reflected on transaction pages containing information on the applicable fees. You are solely responsible for paying any fees charged by your External Account provider.

  4. You hereby authorize us to charge or deduct amounts equal to applicable fees for transactions you make using the platform services.

  5. Risk Statement

8.1. You acknowledge and agree that you gain access and use the BIT.TEAM platform services at your own risk.

8.2. You acknowledge that there are risks associated with the use of the Internet, including, without limitation, failures of hardware, software and Internet connection. You acknowledge that the BIT.TEAM platform is not responsible for any failures, errors, distortions or delays that may occur.

  1. E-mail Notification
  1. The User Authorization Data entered to send orders and notifications to the platform is deemed an appropriate and sufficient method of User Authentication, confirmation of authenticity and integrity of the sent electronic document.

  2. The User Authorization data is an analogue of a handwritten signature (HSA). The Platform may require the User to switch to management of the Account using enhanced authorization at any time and in its sole discretion.

  3. The use of HSA in electronic messages sent by the User to the Service has legal consequences similar to the use of his / her handwritten signature.

  4. In the event of a dispute arising with regard to HSA existence and / or authenticity, the burden of proof lies with the Party who disagrees with HSA existence and / or the authenticity.

  5. In the event of a dispute arising with regard to the changes introduced to the electronic message after its signature using HSA, the burden of proof lies with the Party claiming that the message has been changed.

  6. In the event of a dispute arising with regard to the fact of receiving an HSA signed electronic message by one of the Parties, the burden of proof lies with the Party who disagrees with the fact of receiving the HSA signed electronic message.

  7. In the event of a dispute arising between Parties with regard to the use of HSA, the Service shall use the software that was used at the time of HSA generation to verify HSA and decide on its authenticity. The User has the right to challenge this decision in court.

  8. Liability

10.1. We make all reasonable efforts to maintain the platform services in proper condition and ensure their error-free and safe operation. The platform is used without any guarantees, obligations and warranties, express or implied, stipulated by law in respect of software or websites, including their quality, performance, title guarantees, merchantability and fitness for particular purpose. We do not guarantee constant operational readiness and accessibility of the Website and other related software, products, their uninterrupted, timely, secure, error-free operation, as well as integrity, completeness and accuracy of the information transmitted.

10.2. The platform is not liable towards the User for losses and damages of any kind, resulting from or in connection with its use, even if we have been informed and / or are aware of the possibility of such losses. In particular, we are not responsible for:

  • lost profit (real or foregone), income, any indirect, special, incidental or consequential losses and loss of opportunities;

  • for any collateral, special, indirect or incidental damages;

  • damages to public image and goodwill (both direct and indirect);

  • data integrity violations (both direct and indirect).

10.3. If the applicable law does not provide for indemnity against liability, the platform’s liability towards the User shall not exceed the amount of service fees paid by the User to the platform for the 12 (twelve) months preceding the date of occurrence of the event resulting in loss or damage. In any case, the total liability of the Service towards the User shall not exceed the amount of funds received from the User in connection with the use of the platform.

10.4. The User is solely responsible for the transactions made on the platform website.

10.5. The User is responsible for the accuracy of the information provided to us and to third parties.

10.6. In the event that any third party makes a claim / demand / complaint and / or statement of claim to us resulting from the violation by the User of these Terms of Use, any applicable legislative rules or regulations, rights of any third parties, including, without limitation, causing loss or damage to third parties (due to improper execution of transactions made on the platform website; provision of information in case of interconnection; following a complaint made by the User with respect to other Users or the platform), the User undertakes to indemnify us against any liability towards such third parties, compensate for costs and losses, make payments with regard to any demands for compensation and cover costs, including legal costs associated with the claim / demand / complaint and / or statement of claim.

  1. Force Majeure

11.1. The User understands and agrees that We are not liable and renounce all obligations towards the User in the event of force majeure, including natural calamities, software or other failures, bugs or vulnerability of software and smart contracts, civil unrest, government actions or orders, acts of terrorism or wars, technological changes, as well as changes in monetary conditions.

11.2. In case of impossibility to fulfill obligations hereunder, the Parties hereto shall immediately (in any case, not later than within ten (10) days from the date of occurrence of force majeure) notify the other Party in writing or through the platform website of the fact, as well as of the expected duration and termination of force majeure circumstances and events.

11.3. In case we have been unaware of the platform hacking, despite taking all the necessary and reasonable precautions, we are not responsible towards the Users for any consequences of hacking and losses incurred.

  1. Settlement of Disputes

12.1. Applicable law to this Agreement, its conclusion, execution, liability, termination is the law of England and Wales.

12.2. Any controversial issues related to these Terms of Use shall be resolved through negotiations.

12.3. If it is impossible to resolve the differences through negotiation, they are resolved using the complaint procedure. If a dispute arises and remains unresolved within sixty (60) business days from the date of receipt of the User’s complaint, any of the Parties may take legal action.

12.4 Any dispute arising out of or in connection with this Agreement shall be resolved personally between the User and the Company. Collective or any other representative action may not be taken. Arbitration with a group of persons or arbitration aimed at dispute resolution by a representative of another person or a group of persons are excluded. Additionally, collective or representative action are prohibited both within and outside the jurisdiction of the arbitration court. The same is true about proceedings on behalf of another person or a group of persons.

13. Terms of Use Acceptance Procedure and Validity Period

  1. To officially accept these Terms of Use, the User shall:
  • review these Terms of Useand visiting and using the site.
  1. Acceptance of these Terms of Use means full and unconditional acceptance by the User of all conditions without any exceptions and / or restrictions and is equal to concluding a bilateral platform usage agreement in writing.

  2. These Terms of Use shall come into force from the moment of their acceptance by the User and remain valid until termination of the accession agreement between the User and the platform.

  3. Upon termination of these Terms of Use, the Users and the platform retain responsibility for the obligations incurred during the term of validity.

  4. These Terms of Use may be amended and / or supplemented by the Service unilaterally without any prior notice. The amended Terms of Use shall be deemed effective immediately after their publication. If you disagree with any amendments hereto, please stop using our platform and contact us to close your account.

  5. The User represents and warrants that he / she has understood all terms and conditions hereof and has accepted them unconditionally and in full.

  6. In the event of inconsistencies between these Terms of Use and the provisions of Annex No. 1 (Customer Acceptance Policy) and Annex No. 2, 3 (ANTI-MONEY LAUNDERING AND COMPLIANCE PROCEDURES), the terms set out in the relevant Annexes shall apply.

  7. These Terms of Use are open to public.

  8. Information contained on the Service Website does not constitute an offer to the general public.

  9. These Terms of Use constitute the entire agreement between the Parties and supersede all previous arrangements between the Parties regarding the platform services.

  10. The invalidity or unenforceability of any of these Terms of Use does not affect the validity and enforceability of any other of these Terms of Use.

  11. You may not assign your rights or delegate obligations hereunder without the prior written consent of the platform, including by law. We have the right to assign any and all of our rights hereunder, in full or in part, without your prior written consent.

  12. Using our platform, you may review content provided by third parties, including links to third party web pages (hereinafter referred to as the “Third Party Content”). We do not control, disapprove or accept the Third Party Content and are not responsible for the Third Party Content, including, without limitation, materials that may be misleading, incomplete, erroneous, offensive, obscene or objectionable in any other way. Additionally, your business dealings or correspondence with such third parties shall remain strictly confidential. We are not responsible for loss or damage arising from transactions with third parties. You hereby acknowledge that your use of the Third Party Content and your interactions with third parties is at your own risk.

  13. We reserve the right to disclose your identity to any third party claiming that any content you post constitutes a violation of their intellectual property rights or their rights to privacy. We are entitled to remove any of your publications on our website if, in our opinion, it does not meet the content standards set forth in this section.

  14. Security

  1. We use an integrated approach to security, in particular we apply the following security measures (methods):

User Account Security

  • Two-factor authentication (Google 2FA and Telegram notifications with a secret code).

  • Mandatory confirmation of all withdrawal operations via e-mail.

  • A special system for analyzing behavioral factors of the account (comparing entry IP addresses and analyzing actions with the account).

  • Administering actions with the account by a special security department.

Storing digital assets in wallets linked to user accounts:

  • cold wallets;

  • all wallets are encrypted;

  • two-factor authentication is available for logging in, performed using API keys;

  • for highly secure account recovery, a separate two-factor authentication channel (master key) may be enabled;

  • protection against user personal data leakage: login or password recovery attempts will not disclose information about the account, including its existence.

  • PGP / GPG email encryption, email signature / verification.

  • Isolated, highly secure system for loading account verification documents.

  • All confidential account information is encrypted (including verification documents). Its decryption requires access to several highly secure systems.

  • Global settings lock that may be enabled to prevent unauthorized access to user account data, including logout addresses, by a hacker.

  1. Copyright Infringement. Intellectual Property Rights

15.1 No one may copy, reproduce or make available to the public in any other way the content or any part of the content and services of the trading platform. No one may copy, collect, store, use and / or transmit information (texts, photos, videos, etc.) from the Website or from emails and other messages from the BIT.TEAM.Marketplace trading platform, if it is not so explicitly allowed. No one, except representatives of the trading platform, can use the information posted by users in their accounts.

Users cannot post information in their account if this posting infringes the copyrights of third parties.

If any User finds information on the Site that violates the copyright of a third party, he / she should immediately report this to the support service [email protected]

We are the sole owner of all rights and interests on the https://bit.team/ Site and site content.

Sites and site content embody trade secrets and other intellectual property rights protected in accordance with international copyright laws and other laws. All names, proprietary rights and intellectual property rights to the Sites and site content belong to us. All rights claimed in accordance with the Terms are hereby reserved.

15.2 .BIT.TEAM and associated badges and logos are registered trademarks. Unauthorized copying, modification, use or publication of these marks is strictly prohibited

We may engage an independent third party to provide the Services (for example, providers for authentication and verification of services). You may not use any trademarks, service marks or logo of such independent third parties without the prior written consent of such parties.

Users cannot use the BIT.TEAM trademarks without explicitly indicating permission and without obtaining the written consent of BIT TEAM GROUP LTD. But they can offer cooperation for BIT.TEAM.

For cooperation, contact [email protected] [email protected]

This agreement establishes a fine (pecuniary punishment) in the amount of 3,000 (three thousand euros) for each misuse of the BIT.TEAM trademark. Illegal use is any use of the phrase “BIT.TEAM” and the corresponding badges and logos of the company BIT TEAM GROUP LTD.

BIT TEAM GROUP LTD reserves the right to deduct from the User’s personal account registered on the BIT TEAM website unilaterally the amount of the penalty for each fact of unlawful use of the BIT.TEAM trademark on the basis of a notification sent to the User’s email and containing evidence of illegal use (photo / video recording violation and other evidence). The parties acknowledge the admissibility and sufficiency of such evidence

OUR SERVICES ARE PROVIDED ON AN “AS IS” BASIS.

YOU HEREBY ACKNOWLEDGE THAT THE INFORMATION YOU DOWNLOAD USING OUR PLATFORM MAY BE LOST DUE TO SOFTWARE MALFUNCTION, CHANGES IN THIRD PARTY PROTOCOLS, CONNECTION FAILURES, FORCE MAJEURE CIRCUMSTANCES, DDOS ATTACKS, AS WELL AS FOR OTHER REASONS.

EXCEPT AS MAY BE REQUIRED BY LAW, UNDER NO CIRCUMSTANCES SHALL OUR MANAGERS, MEMBERS, EMPLOYEES OR AGENTS BE LIABLE FOR ANY SPECIAL, DIRECT OR INDIRECT LOSSES OR DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO LOSS OF PROFIT OR DATA AS A RESULT OF ACTIONS OR INACTION ASSOCIATED WITH THE USE OR FAILURE TO USE OUR PLATFORM.

You hereby agree to indemnify us (our officers, directors, share holders, members, employees, agents and affiliates) against any liability in relation to: (a) any claims, actions, damages and losses, including compensate for costs, for instance pay reasonable attorney fees arising from or related to your use of our Services; (b) any feedback you provide; © your violation of these Terms of Use; (d) your violation of any rights of any other person or entity.

Annex № 1 “Customer Acceptance Policy”

Annex № 2 “ANTI-MONEY LAUNDERING AND COMPLIANCE PROCEDURES”.

Annex № 3 «BIT TEAM GROUP LTD ANTI-MONEY LAUNDERING POLICY»