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Bityi Terms of Service and Description

Bityi Terms of Service and Description

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Written by BitYi Official
Updated over 2 months ago

Terms of Service and Instructions

Bityi (website: https://www.Bityi.com) is a platform dedicated to digital asset transactions and related services (hereinafter referred to as "the Service" or "Service").

These Terms of Service, together with any other appendices, terms and conditions or documents expressly incorporated herein, constitute the entire agreement between the parties (collectively, the "Agreement"). If there is any inconsistency between these Terms of Service and any other appendices, terms and documents, the provisions of these Terms of Service shall prevail. All other information or oral/written statements provided on the trading platform are not included in these terms and do not constitute a legal agreement between the parties. The use of the trading platform and services is subject to these Terms.

By accessing and using this website in any way, you confirm that you have read, understood and agreed to the terms contained in this Agreement. Bityi may change any terms under this Agreement without prior notice. You agree that you will continue to be bound by the terms and all conditions contained in this Agreement, and Bityi has no obligation to inform you of the changed terms. You understand that you have the responsibility and ability to access and review these Terms of Service at any time and have no objection to this.

In any case, you do not obtain any rights related to this website (except the right to use this website in accordance with these Terms and any other terms and conditions governing specific services or any part of this website), nor shall you be deemed to have any rights related to this website.

If you do not accept the terms of service contained in this agreement, please do not visit this website or use this service.

1. Scope of application:

We hereby remind you in particular:

Digital assets themselves are not issued by any financial institution or company or this website;

The digital asset market is new, unconfirmed, and may not grow;

Digital assets are mainly used by speculators in large quantities, and the retail and commercial markets use them relatively less. There are extremely high risks in digital asset trading. They are traded all day long without limits on price increases and decreases, and prices are easily affected by dealers and global government policies and fluctuate greatly;

Digital asset trading is extremely risky and is not suitable for most people. You understand and understand that this transaction may result in partial or total loss, so you should decide the amount of the transaction based on the degree of loss you can bear. You understand and understand that digital assets will generate derivative risks, so if you have any questions, it is recommended to seek the assistance of professional consultants first. In addition, in addition to the risks mentioned above, there are unpredictable risks. You should carefully consider and use clear judgment to assess your financial situation and the above risks before making any decision to buy or sell digital assets, and bear all losses arising therefrom. We do not assume any responsibility for this.

Notice to you:

You understand that this website is only a place for you to obtain digital asset information, find trading parties, negotiate and conduct transactions on digital assets. This website does not participate in any of your transactions, so you should carefully judge and determine the authenticity, legality and validity of the relevant digital assets and/or information, and bear the responsibility and losses arising therefrom.

Any opinions, news, discussions, analyses, prices, suggestions and other information on this website are general market comments and do not constitute investment advice. We do not assume any direct or indirect losses arising from reliance on this information, including but not limited to any loss of profit.

The content of this website may be changed at any time without further notice. We have taken reasonable measures to ensure the accuracy of the website information, but cannot guarantee its accuracy, and will not assume any direct or indirect losses arising from the information on this website or from delays or failures in connecting to the Internet, transmitting or receiving any notifications and information.

There are also risks in using Internet-based trading systems, including but not limited to failures in software, hardware and Internet links. Since we cannot control the reliability and availability of the Internet, we do not assume any responsibility for distortion, delays and link failures.

2. Website Use

2.1 You may not use this website in a manner that causes or may cause damage to this website or hinder the availability or accessibility of this website; nor may you use this website in any illegal, unlawful, fraudulent or harmful manner, or in connection with any illegal, unlawful, fraudulent or harmful purpose or activity.

2.2 You may not use this website to copy, store, host, transmit, send, use, publish or distribute any material that contains (or is linked to) spyware, computer viruses, Trojan horses, worms, keystroke loggers, malware or other malicious computer software.

2.3 You may not conduct any systematic or automatic data collection activities on or in connection with this website (including but not limited to crawling, mining, extracting and collecting data) without the express written consent of Bityi.

2.4 Users are responsible for ensuring the confidentiality of all usernames and passwords. It is your responsibility to notify Bityi immediately if your username and password are lost or compromised. Upon notification, Bityi will reset your password.

2.5 All users must understand that maintaining the security of the trading website is Bityi's top priority. All users confirm that they will not intentionally compromise the security or integrity of the Bityi website or any third-party software provider at any time.

2.6 No user may damage the website and interfere with any part of the functionality of the website at any time.

2.7 No user is authorized to use the Bityi website to interfere with or access any other account other than the account the user is authorized to access.

2.8 No user is authorized to upload any material to Bityi's website or download any other files from the website other than those available for public download.

2.9 By accessing Bityi's website, you agree that all operations you conduct are used to maintain the legal interests of the user's account.

2.10 By opening an account, you agree and guarantee that:

a) you have accepted these Terms;

b) you are over 18 years old and have the civil capacity to accept these Terms;

c) you are the legal owner of the Bitcoin or Ethereum you added to your Bityi account.

d) using Bityi's services does not violate the laws of your jurisdiction;

e) you are aware of the risks of using the services provided by Bityi. Such risks include the high volatility of Bitcoin and Ethereum themselves, and if the market moves adversely, you may lose all Bitcoin or Ethereum in your trading account;

f) you will not participate in or initiate any form of market manipulation, including false orders or other actions;

g) the information or files you provide are correct, true and up-to-date information or files;

h) the Bitcoin or Ethereum withdrawal address you provide is your own address and you have full control over it.

i) If you live in China, Hong Kong, the United States, or Canada, you also understand and confirm that you may not hold positions on Bityi or enter into contracts on Bityi. You understand and acknowledge that Bityi has the right to immediately close any account and liquidate any open trades of any Bityi trading participant if we discover that he or she has made a false statement regarding his or her location or place of residence.

j) Subscribe to the newsletter.

2.11 Bityi will provide market data to facilitate the use of the Website. Bityi does not make any guarantees as to the timeline, sequence, accuracy or completeness of the market data and you accept and agree that Bityi is not responsible for the accuracy or completeness of such data.

2.12 Bityi has the right to modify and/or terminate any or all services at any time without prior notice to the user.

2.13 Bityi does not guarantee that the Website will be uninterrupted or error-free. Among other things, the operation and availability of the Bityi platform may be unpredictable and may be inaccessible from time to time. Bityi is not responsible for any such interruptions that prevent you from accessing or using the Website and Services.

2.14 Bityi has the right to verify your identity at any time.

2.15 We may impose certain trading restrictions before asking you to provide additional personal information about yourself and your transactions. By conducting business on this website, you agree to cooperate with us in this process and provide all documents or information we may request.

2.16 We have a responsibility to maintain market order, and for this purpose, we may, at our sole discretion, stop trading on this website due to market disruptions or other relevant external events. We are not responsible for any claimed losses or loss of profits resulting from the suspension of trading.

2.17 Bityi has the right to cancel the transaction or adjust the transaction price if it believes that the transaction price deviates from the price level expected by an orderly market.

III. Financial Advice

Any communication or information provided to you by Bityi is not intended or should be regarded or interpreted as investment advice, financial advice, trading advice or any other type of advice. Except as otherwise provided in these Terms of Use, all transactions are automatically executed based on the parameters of your order instructions and the published transaction execution procedures. You should determine whether any investment, investment strategy or related transaction is suitable for you based on your personal investment objectives, financial situation and risk tolerance, and bear any losses or liabilities alone.

IV. Indemnification

4.1 You agree to indemnify and hold harmless Bityi, its contractors, licensors, and their respective directors, officers, employees, and agents from any and all claims and expenses (including attorneys' fees) arising out of your use of the Site, including but not limited to your violation of this Agreement.

4.2 In no event will Bityi or its suppliers or licensors be liable for any of the following matters under any contract, negligence, strict liability or other law or equity with respect to any subject matter of this Agreement: a) any special, incidental or consequential damages; b) the cost of purchasing or replacing products or services; c) interruption of use, loss or corruption of data; or d) an amount in excess of the fees paid by you to Bityi under this Agreement in the twelve (12) months prior to the date of the cause of action. Bityi shall not be liable for any non-performance or delay in performance due to matters beyond its reasonable control. The foregoing shall not apply to the extent prohibited by applicable law.

V. Calculations

5.1 All calculations performed by the Bityi Trading Engine and verified by Bityi are final.

VI. Limited Liability

6.1 Except to the maximum extent permitted by applicable law, in no event shall Bityi, our directors, employees, agents, suppliers, distributors, service providers or other users be liable for any direct, special, indirect, incidental, consequential, exemplary or punitive damages, including but not limited to damages for loss of use, loss of profits, loss of information, business interruption, revenue or goodwill (whether based in contract, tort (including but not limited to negligence)), or other damages arising out of the use of or inability to use the Website or any errors, omissions, interruptions, deletions, errors, defects, viruses, delays in operation or transmission or failure of the Website or any information transmitted to Bityi.

6.2 To the maximum extent permitted by applicable law, the liability of Bityi, our directors, employees, agents, suppliers, distributors, service providers or other users in any event shall not exceed the fees paid by you to Bityi in the six (6) months prior to the date of the action arising out of such liability, whether based on contract, warranty, tort (including but not limited to negligence), product liability, strict liability, or other causes arising out of the use of or inability to use the Website or mistakes, omissions, interruptions, deletions, errors, defects, viruses, delays in operation or transmission, or failure of website functions.

6.3 If we are unable to perform the services set out in the Terms of Service due to factors beyond our control (including but not limited to force majeure events, changes in laws or changes in sanctions policies), we shall not be liable for the services provided under this Agreement during the period of such event.

VII. Intellectual Property

7.1 All intellectual property rights related to all materials used on this Website (including but not limited to design, structure, layout, graphic images and underlying source code) are owned by Bityi and all rights are reserved.

7.2 By submitting content to any public area of ​​this website (including blogs, message boards and forums), you irrevocably and permanently grant us the royalty-free non-exclusive right and license to use, copy, modify, adapt, publish, translate, create derivative works, distribute, disclose to the public, perform and display (in whole or in part) the content worldwide for the full term of any rights that may exist in such content, and incorporate such content into other works in any form, media or technology now available or subsequently developed. You also allow any subscriber to access, display, view, store and copy such content for personal use.

7.3 Your login to this website or use of any service provided by this website shall not be deemed as our transfer of any intellectual property rights to you.

VIII. Termination of the Agreement

8.1 This website has the right to terminate all services of this website in accordance with the provisions of this Agreement, and this Agreement shall terminate on the date when all services of this website are terminated.

8.2 After the termination of this Agreement, you have no right to require this website to continue to provide you with any services or perform any other obligations, including but not limited to requiring this website to retain or disclose any information in its original website account to you, forward any information that it has not read or sent to you or a third party, etc.

8.3 The termination of this Agreement does not affect the right of the non-breaching party to require the breaching party to bear other responsibilities.

IX. Privacy Policy

9.1 What information do we collect:

9.1.1 Information required for registration: When registering a Bityi account, you need to provide information including email, name, password, etc. To increase account security, you can apply for Google or SMS two-step verification. To enable SMS verification, you need to provide a mobile phone number.

9.1.2 Information required for user identity verification: In order to comply with global industry regulatory standards including anti-money laundering (AML), know your customer (KYC) and counter-terrorism financing (CTF), we are required to collect identity documents, which also applies to personal and corporate accounts.

9.1.3 Platform usage information: During the use of the Bityi platform, we will monitor and collect relevant data such as (including but not limited to) access date and time, device identification, operating system, browser, and IP address. This information may be obtained directly by Bityi or third-party service providers. The collection of these service usage data will help the system ensure that our interface is suitable for users of all platforms, and can also provide support during criminal investigations.

9.1.4 Transaction Information: For all business and personal accounts, we collect transaction information including (but not limited to) deposit snapshots, account balances, transaction history, withdrawals, order activity, and distribution records. This data is collected to monitor suspicious transaction behavior to prevent user fraud and assist in the adjudication of legal cases.

9.2 Reasons why Bityi collects information:

9.2.1 Provide and maintain services: Use the collected information to maintain our services and verify user identities. We use the IP address and unique identifier stored in your cookie to verify your

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