1. Parties to the
agreement.
The contract is concluded between the
Internet service for the exchange of title units, hereinafter referred to as
the Contractor, on the one hand, and the Customer, represented by the one who
used the services of the Contractor, on the other hand. Market-coins represents
the voice of the blockchain and digital asset industry in Hungary. Registered
in Hungary under number BE0772.945.314. Market-coins is a brand name of Vie
Finance A.E.P.E.Y. S.A., licenced and regulated by HCMC (licence no.
4/792/20.07.2017) and General Commercial Registry no: 122000301000. 4, 28th
Octovriou street, Maroussi 15124, Athens, Greece Disclaimer and Risk
Warning
2. List of
terms.
2.1. Title unit exchange is an automated
Internet service product provided by the Contractor on the basis of these
rules.
2.2. Customer - an individual who agrees
with the terms of the Contractor and this agreement, to which he
joins.
2.3. The title character is a
conventional unit of a particular payment system, which corresponds to the
calculations of electronic systems and indicates the scope of rights
corresponding to the agreement between the electronic payment system and its
Customer.
2.4.
Application - information transmitted by the Customer for the use of the
Contractor's funds in electronic form and indicating that he accepts the terms
of use of the service, which are offered by the Contractor in this
application.
2.5. KYC & AML - "Know Your
Customer" (know your customer) and "Anti-Money Laundering"
(anti-money laundering).
2.6. Rate — the cost ratio of
cryptocurrency, electronic money and fiat currency to each other during the
exchange.
3. Terms of the agreement.
These rules are considered to be
organized due to the terms of the public offer, which is formed at the time the
Customer submits an application and is one of the main components of this
agreement. A public offer is the information displayed by the contractor about
the conditions for submitting an application. The main components of the public
offer are the actions taken at the end of the application by the Customer and
talking about his exact intentions to make a deal on the terms proposed by the
Contractor before completing this application. The time, date, and parameters
of the application are created by the Contractor automatically at the time of
completion of the formation of this application. The offer must be accepted by
the Customer within 24 hours from the end of the formation of the application.
The Service Agreement shall enter into force upon receipt of the title units in
the full amount specified in the application from the Customer to the details
of the Contractor. Operations with title units are accounted for in accordance
with the rules, regulations and format of electronic settlement systems. The
contract is valid for a period, which is established from the moment of filing
an application until termination at the initiative of one of the
parties.
4. Subject of the
agreement.
By using technical methods, the Contractor
undertakes to carry out the exchange of title units for a commission from the
Customer, after the submission of an application by this person and does this
by selling title units to persons who wish to purchase them for an amount
indicated not lower than in the application submitted by the Customer. The
Contractor undertakes to transfer funds to the details specified by the
Customer. In the event of a profit during the exchange, it remains on the
Contractor's account as an additional benefit and a premium for commission
services.
5. In
addition.
5.1. If the Contractor's
account receives an amount that differs from that specified in the application,
the Contractor makes a recalculation that corresponds to the actual receipt of
title units. If this amount exceeds the amount specified in the application by
more than 0.3%, the Contractor terminates the contract unilaterally and all
funds are returned to the details of the Customer, taking into account the
amount deducted for commission costs during the translation, labor costs and
additional costs in the amount of 99% of the amount received
funds.
5.1.1 Funds are credited in accordance
with the rules of the Loptrade.com exchange. Cryptocurrency wallets are listed
on the Loptrade.com
exchange.
For the BTC network, 2 confirmations are
required, ETH - 20, ETC - 300, LTC - 10, XMR - 10, Dash - 10, DOGE - 20, etc. .
We draw your attention to the fact that in the case of technical work on
certain cryptocurrencies, there will be delays in depositing your funds and
paying you out until the technical work on the exchange is
completed.
5.1.2 The exchange service has the right
to send funds not in one transaction, but from several wallets in several
transactions.
5.1.3 The exchange service has the right
to send funds in one transaction to one wallet, without splitting into several
transfers.
5.2. In the event that the title units
are not sent by the Contractor to the specified details of the Customer within
24 hours, the Customer has the full right to demand termination of the
agreement and cancel his application, thereby returning the title units to his
account in full. An application for termination of the agreement and return of
title units is carried out by the Contractor in the event that the funds have
not yet been transferred to the specified details of the Customer. In case of
cancellation of the contract, the return of the electronic currency is made
within 24 hours from the receipt of the request to terminate the contract. If
delays in the return occurred through no fault of the Contractor, he is not
responsible for them.
5.3. If the title units are not received
from the Customer to the account of the Contractor within the specified period,
from the moment the application is submitted by the Customer, the agreement
between the parties is terminated by the Contractor on the one hand, since the
contract does not enter into force. The customer may not be notified about
this. If the title units arrive at the details of the Contractor after the
specified period, then such funds are transferred back to the Customer's
account, and all commission costs associated with the transfer are deducted
from these funds.
5.4. If there is a delay in the transfer
of funds to the details specified by the Customer, due to the fault of the
settlement system, the Contractor shall not be liable for damage resulting from
the long receipt of funds. In this case, the Customer must agree that all
claims will be made against the settlement system, and the Contractor shall
provide its assistance to the best of its ability within the
law.
5.5. In the event that a fake of
communication flows is detected or an impact is exerted in order to worsen the
work of the Contractor, namely its program code, the application is suspended,
and the transferred funds are subject to recalculation in accordance with the
current agreement. If the Customer does not agree with the recalculation, he
has the full right to terminate the contract and the title units will be sent
to the details specified by the
Customer.
5.6. In the case of using the services of
the Contractor, the Customer fully agrees that the Contractor bears limited
liability in accordance with the scope of these rules for the received title
units and does not give additional guarantees to the Customer, and also does
not bear additional responsibility to him. Accordingly, the Customer does not
bear additional responsibility to the
Contractor.
5.7. The Customer undertakes to comply
with the norms corresponding to the law, as well as not to fake communication
flows and not create obstacles for the normal operation of the Contractor's
program code.
5.8. The Contractor shall not be liable
for damages and consequences in the event of an erroneous transfer of electronic
currency in the event that the Customer indicated incorrect details when
submitting an
application.
5.9. The contractor may charge a
commission of 10% + transfer fee in the event that the contractor cannot
complete the application (send money to the client on the card) due to the fact
that the customer’s bank card is blocked or is suspected of fraud at the
services bank security if the customer cancels the transaction
unilaterally.
5.10. The administration of the exchange
service has the right to perform an AML check of assets received from the
client. If the transaction has a high risk, then the Contractor has the right
to withhold an additional commission.
5.11. The Service has the right to
conduct additional checks of the User's information and request from the User
any necessary documentation for any reason related to his use of the services
of the Service and / or as supporting evidence for any information that the
User provides to the
Service.
5.12. User support is carried out by
operators only on the site.
5.13. The Service has the right to cancel
an application created by the User for the exchange of cryptocurrency,
electronic money or fiat currency, if payment for such an application has not
been received to the account of the Service after 30 (thirty) minutes from the moment
such an application was
created.
5.14. The Service has the right to refuse
to perform the exchange if the transfer of cryptocurrency, electronic money or
fiat currency to the Service account was made without filling out an
Application using the user interfaces on the Service Website. Cryptocurrency,
electronic money or fiat currency transferred to the account of the Service by
the User without filling out an Application using the user interfaces on the Service
Website can be returned to the User upon request, taking into account the
deduction of the payment system commission in accordance with the restrictions
established by these
Rules.
5.14.
The Service has the right to refuse to provide services to the User if the User
does not provide complete and sufficient data necessary for his identification,
and block the Funds received from the User until such data is provided by
him.
5.15.
To check transactions against money laundering, the exchange office uses the
AMLbot service. You can learn more about this service at the link:
amlbot.com
5.16.
When checking transactions for anti-money laundering, the exchange office
focuses on high-risk parameters. The high risk parameters are : "Dark
Service" ; "Dark Market" ; "Exchange Fraudulent" ;
"scam" ; "Illegal Service" ; "Stolen" ;
"Mixer" ; "Ransom" ;
"Gambling".
5.16.1. In order to counter the
legalization of proceeds from crime and the financing of terrorism, exchange
offices conduct AML checks on transactions received from
clients.
If the transaction is
identified
5.19.3. In case of blocking the
cryptocurrency by the exchange. The transaction will be suspended until the
full release of funds, i.e. before the removal of all restrictions by the regulator.
6. Warranty
Period
6.1 Reputational and material guarantees
are borne by the licensee tradex-wallet.com
6.2 Within 24 hours from the moment of
execution of the title exchange the Executor provides a warranty for the
services rendered, unless otherwise stated.
7. Unforeseen
circumstances.
7.1 In the event that unforeseen
circumstances arise during the processing of the Customer's application that
contribute to the Contractor's failure to fulfill the terms of the contract,
the deadlines for fulfilling the application are postponed for the
corresponding period of force majeure. The Contractor is not liable for overdue
obligations.
7.2 The user has 3 withdrawals before
requesting verification, the withdrawal must not exceed 90,000
USD
7.3 Under no circumstances may
a person under 18 years of age be registered or used.
7.4 If you are transferring to a country
with a high risk for financial transactions or have a multi-account and created
a new identity to circumvent this clause, any country to which the United
States has embargoed goods or services; from a high-risk of illegal financial
transaction country, to withdraw funds from these countries, the user needs to
go through an insurance payment check . This insurance payment will be refunded
after 12 hours using your account, if you have no complaints. Your account may
be frozen until a fee of up to 70% is paid, in case of refusal or conflict -
blocked. Countries with high financial risk are those that are under sanctions
at the time of the transaction, take part in or support a war, finance or are
associated with the financing of terrorism, help to circumvent sanctions to
other countries, are intermediaries in the financing of
terrorism.
7.5 Withdrawals to countries other than
the Hungary are limited. Users may be denied service or withdrawals without
insurance (the insured amount can be up to 70% of the user's balance, depending
on the country of residence and
citizenship).
7.6
Withdrawals to the countries listed in paragraphs 7.2 and 7.3 are fully
restricted. Withdrawal of funds is carried out only through the trust fund and
only at the discretion of management, you can be refused without reason. All
costs of establishing, maintaining and paying for the trust fund are borne by
the user. The trust fund is opened only in the legal name of our platform. Once
the fund is closed, the user receives a 95% refund of the originally invested
funds.
8. Form of
agreement.
Both parties, represented by the
Contractor and the Customer, accept this agreement as an agreement of equal
legal force, indicated in
writing.
9 Claims and
disputes.
Claims under this contract are accepted
by the Contractor in the form of a support chat message, in which the Customer
specifies the essence of the claim. This letter shall be sent to the support
service
10. Carrying out exchange
transactions.
10.1. It is strictly forbidden to use the
services of the Contractor for illegal transfers and fraudulent activities.
When concluding this agreement, the Customer undertakes to comply with these
requirements and, in case of fraud, bear criminal liability established by law
at the moment.
10.2. If it is impossible to fulfill the
application automatically, due to circumstances beyond the control of the
Contractor, such as lack of communication, lack of funds, or erroneous data of
the Customer, the funds are credited to the account within the next 24 hours or
returned to the details of the Customer minus commission costs.
10.3. At the first request, the
Contractor has the right to transfer information about the transfer of
electronic currency to law enforcement agencies, the administration of
settlement systems, as well as victims of illegal actions affected by fraud
proven by the judicial
authorities.
10.4. The customer undertakes to provide
all documents proving his identity in case of suspicion of fraud and money
laundering.
10.5. The Customer undertakes not to
interfere with the work of the Contractor and not damage its software and
hardware, and the Customer undertakes to transmit accurate information to
ensure that the Contractor fulfills all the terms of the
contract.
10.6. This exchange office does not fix
the exchange rate at the time of the creation of the
application.
10.7. A completed application cannot be
canceled in full.
10.8. The minimum withdrawal can be
changed, as well as the amount of commission. In order to avoid
misunderstandings - the user should clarify the current conditions.
11.
Disclaimer.
The Contractor has the right to refuse to
conclude an agreement and fulfill the application, and without explanation.
This paragraph applies to any
client.
12.
Fees
12.1. Amount of fees. You agree to pay
fees for transactions made through our Services (“Fees”) set forth in the “Fees
and Pairing Information” section (“Fees Schedule”), which we may change from
time to time. Changes to the Price List will become effective on the effective
date specified when the revised Price List is posted on the Services and will
apply to any transactions made after the effective date of such revised Price
List.
12.2. If a deposit is made without a fee,
the system freezes the account until the amount is paid again, including all
fees from our platform and
blockchain
12.3. Third Party Fees. In addition to
the Fees, your External Account may be subject to fees in connection with your
use of your designated External Account through the Services. Any fees charged
by your external account provider will not be reflected in the transaction
screens containing information about the applicable fees. You are solely
responsible for paying any fees charged by the external account
provider.
12.4. Payment of duties. You authorize us
or our authorized payment processor to charge or deduct funds from your
wx-coins account against any applicable fees due in connection with
transactions you make through the
Services.
12.5. Internal fees. You agree to pay an
internal fee of 0% (exchange services).
12.6. Deposit fees 1 %(up to 5000 USDT)
fees and withdrawal fees 0.3%, fees 0% (all
transfers).
13
Termination
13. In the event of a force
majeure event, a breach of this agreement, or any other event that would make
the provision of the Services commercially unreasonable for Payward, we may, in
our sole discretion and without liability to you, or without notice to you
suspend your access to all or part of our Services. We may terminate your
access to the Services in our sole discretion, immediately and without notice,
and delete or deactivate your wx-coins Account and all related information and
files in such account, without any liability to you, including , for example,
if you violate any provision of these Terms. In the event of termination,
Payward will not attempt to recover any Funds held in your wx-coins Account
that are not otherwise due to Payward.
14
Reimbursement
14.
You agree to defend, indemnify and hold harmless Payward (and each of our
officers, directors, members, employees, agents and affiliates) from and
against any and all claims, demands, actions, damages, losses, costs or
expenses, including but not limited to , reasonable attorneys' fees arising out
of (a) your use of or conduct in connection with our Services; (b) any feedback
you provide; (c) your breach of these Terms; or (d) your violation of any
rights of any other person or entity. If you are obligated to indemnify us, we
will have the right, in our sole discretion, to monitor any action or proceeding
(at our expense) and determine whether we wish to resolve it. Miscellaneous
Entire Agreement; Order of precedence. These Terms contain the entire
agreement, and supersede all prior and contemporaneous agreements between the
parties with respect to the Services. These Terms do not change the terms of
any other electronic or written agreement you may enter into with Payward
regarding the Services or any other Payward product or service or otherwise. In
the event of a conflict between these Terms and any other agreement you may
enter into with Payward, the terms of that other agreement will take precedence
only to the extent that these Terms are specifically defined and declared to
take precedence over such other agreement. Amendment. We reserve the right to
make changes or modifications to these Terms from time to time at our sole
discretion. If we make changes to these Terms, we will notify you of such
changes, for example, by sending you an email, posting a notice on the home
page of the Site and/or posting the amended Terms through the relevant Payward
websites and mobile applications, and updating the “Last Updated” date on the
top of these Terms. The amended Terms will be deemed effective immediately upon
posting to any new users of the Services. In all other cases, the modified
Terms will take effect for pre-existing users, whichever occurs first: (i) the
date users click or press a button to accept such changes, or (ii) continue
using our Services after 30 days after Payward provides notice of such changes.
Any modified Terms will apply to your use of the Services after such changes
become effective. If you do not agree to any amended Terms, you must stop using
our Services and contact us to close your account. Refusal. Our denial or delay
in exercising any rights, powers or privileges under these Terms shall not
constitute a waiver of them. Divisibility. The invalidity or unenforceability
of any of these Terms shall not affect the validity or enforceability of any
other of these Terms, all of which shall remain in full force and effect. Force
majeure circumstances.