Terms of Service

updated 01-Apr-2020

Welcome to BITPATT, this page explains the terms with which you can access and use the service and any other product offered by us and our online and/or mobile services and software ("application") provided in or in connection with the service to buy, sell or allow the sale of certain digital goods (collectively, the "Service"). By accessing or using the service, you agree to have read, understood, and accepted all the terms and conditions contained in these Terms, as well as our Privacy Policy. These Conditions apply to all visitors, users, and other persons who register or access or use the service ("Users"). Please read this agreement carefully to make sure you understand each provision. If any term or condition of this User Agreement is unacceptable to you, do not visit, access, or use the website.

BY ACCESSING, USING OR ATTEMPTING TO USE THE SERVICES IN ANY CAPACITY, YOU ACKNOWLEDGE THAT YOU ACCEPT AND AGREE TO BE BOUND BY THESE TERMS. IF YOU DO NOT ACCEPT, DO NOT ACCESS OR USE THE SERVICES.

Risk Disclosure

BY ACCESSING OR UTILIZING THE WEBSITE OR SERVICES, YOU ARE DELIBERATELY WILLING TO ENGAGE IN COMPLEX AND RISKY ASSET TRANSACTIONS. YOU FURTHER ACKNOWLEDGE THAT YOU ARE CONSCIOUS OF THE HUGE RISKS ASSOCIATED WITH THE USE OF THESE SERVICES AND WITH ENGAGING IN TRANSACTIONS IN CRYPTOCURRENCIES, INCLUDING BUT NOT LIMITED TO, RISKS OF FINANCIAL LOSS, TECHNOLOGY GLITCHES, AND HACKING, THOUGH WE WORK HARD TO PROVIDE SECURITY. NONETHELESS, CERTAIN ISSUES AND RISKS ARE INEVITABLE. IF SUCH ISSUES OR PROBLEMS ARISE IN CONNECTION WITH YOUR USE OF OUR SERVICES, INCLUDING TECHNICAL DIFFICULTIES WITH DEPOSITING OR TRADING CRYPTOCURRENCIES, IT MAY TAKE DAYS TO RESOLVE. BY AGREEING TO THESE TERMS, YOU ACCEPT THAT WE ARE NOT RESPONSIBLE FOR THE RISKS MENTIONED ABOVE, AND YOU VOLUNTARILY ASSUME AND ACCEPT SUCH RISKS IN DECIDING TO ENGAGE IN CRYPTOCURRENCY TRANSACTIONS ON OUR PLATFORM.

BITPATT, does not approve or recommend any particular digital resource, transaction, or purchase strategy. No content on the website or communications with company personnel constitutes advice for the purchase or investment. Where appropriate, independent advice should be sought. You acknowledge and agree that all decisions relating to transactions are taken exclusively by you and BITPATT has no responsibility for the outcome of your choices.

Modifications

BITPATT reserves the right to modify or change the Terms at any time at its sole discretion. BITPATT will notify you of these changes by updating the revised Terms on the Website. Any changes or modifications to these Terms will become effective immediately upon being announced on the Website or disclosed to users. Therefore, the continued use of the BITPATT services acts as acceptance of the agreement and the modified rules. If you do not accept any changes to these Terms, you must stop using the Services. BITPATT encourages you to frequently review the Terms to ensure that you understand the terms and conditions applicable to your access and use of the Services.

Eligibility

You may use the Service only if you comply with these Terms and all applicable local, state, national, and international laws, rules and regulations. You must be at least 18 years old to use services rendered by BITPATT.

Description of Services

BITPATT provides an online escrowed service for peer-to-peer cryptocurrency exchange. Users must register and open an account with BITPATT and deposit digital assets prior to the commencement of trading. Traders may request the withdrawal of their digital assets, subject to the limitations as stated in these Terms.
We strive to maintain the accuracy of information posted on the Services however it cannot and does not guarantee the accuracy, suitability, reliability, completeness, performance or fitness for any purpose of the content made available through the Services, and will not be liable for any loss or damage that may arise directly or indirectly from your use of such content. Information on the Services can be subjected to change without notice. BITPATT, does not provide investment or advisory advice and will have no liability for the use or interpretation of information as stated on the Services or other communication mediums. All users of the Services must understand that there are risks involved in trading in Digital Currencies. We encourage all users to exercise prudence and trade responsibly within their own means.

Registration and Access Restrictions

You may be required to register for an account with us in order to use certain features of the Services. If you elect to take advantage of such features, you must register through the Services by completing the applicable registration form to create your account with a unique username and password. The decision to provide this information is purely optional; however, if you elect not to provide such information, you may not be able to access certain Content or participate in certain features of the Services. You agree to (a) provide true, accurate, current and complete information about yourself when we request it; (b) maintain and promptly update this information to keep it true, accurate, current and complete to the extent the Services permit such updates.
You must maintain the confidentiality of any access credentials that we issue to you and may not share them with any other person. You must notify the Company immediately of any unauthorized use of your credentials or any other breach of security. Even if you notify us, you will be responsible for any activities that occur using your access credentials, including any charges resulting from the use of your account.

Identity Verification

BITPATT, maintains an anti-money laundering, countering the financing of terrorism, and knows your customer compliance policy (the “AML/CFT Policy”). According to such policy, BITPATT may, in its discretion, require identity verification and go through other screening procedures with respect to you or transactions associated with your Account. You agree and undertake to provide us with all information and documents that we may from time to time request or require for these Terms or in connection with your Account (including, but not limited to, your name, address, telephone number, email address, date of birth, government-issued identification number, photograph of your government-issued identity card or document or other photographic proof of your identity .

Privacy Notice

BITPATT respects the privacy of its users by not requesting any information that is unnecessary for the use of the Service or to comport with our obligations under applicable law. We reserve the right to provide information to law enforcement personnel and other third parties to answer inquiries, participate in investigations, respond to legal process, respond to the order of a court of competent jurisdiction and those exercising the court’s authority, and to protect BITPATT and our users. We care about the privacy of our Users. By accepting these Terms, you expressly allow us to export data outside of the jurisdiction in which you reside or are located when you access BITPATT.

Proprietary Ownership

The information and materials provided on or through the Services, including any content, data, text, designs, graphics, images, photographs, illustrations, audio and video clips, logos, icons and links (collectively, the “Materials”) are owned exclusively by us or our licensors, and are intended to educate and inform you about our products and services offered or described on the Services. Subject to your compliance with these Terms, you may use the Materials solely for your personal, non-commercial use, provided that you do not remove any copyright or other proprietary notices contained therein. Subject to your compliance with these Terms, we grant you a limited license to use the Services and Materials for your personal use only; provided that you may not use, reproduce, modify, display, publicly perform, distribute, create derivative works of or circumvent any technological measure that effectively controls access to the Services and/or Materials in any way including, without limitation, by manual or automatic device or process, for any purpose. Notwithstanding anything to the contrary herein, all rights not specifically granted in the license set forth above shall be reserved and remain always with us. Use of the Services and Materials for any purpose other than as expressly authorized in these Terms is a violation of our copyrights and other proprietary rights and is strictly prohibited.
Except as expressly set forth in these Terms, the Services, including all software, databases, proprietary information, documentation, software, contents, computer codes, ideas, know-how and Materials (and all modifications and derivative works thereof and any intellectual property and other rights relating thereto or contained therein) including, without limitation, the selection, compilations, sequence and “look and feel” and arrangement of items, is owned and operated by us and will remain our exclusive property. You acknowledge that the Services and Materials are protected by copyright, trademark and other laws. You further acknowledge that you do not acquire any ownership rights by using the Services or the Materials. You shall not challenge, contest or otherwise impair our ownership of the Services and Materials and the content therein. The trademarks, logos, and service marks displayed on the Services (collectively the “Trademarks”) are registered and unregistered trademarks of us and our advertisers, licensors, suppliers and others. The Trademarks owned by us, whether registered or unregistered, may not be used in connection with any product or service that is not offered by us, in any manner that is likely to cause confusion with customers.

Restrictions

When you use the Services you agree and covenant to observe the following:

  • All the activities that you carry out during the use of the Services will be in compliance with the requirements of applicable laws, regulations, as well as the various guidelines of BITPATT:
  • Your use of the Services will not be in violation of public interests, public ethics or other’s legitimate interests including taking any action that would interfere with, disrupt, negatively affect, or inhibit other Users from using the Services:
By accessing the Service, you agree that we shall have the right to investigate any violation of these Terms, unilaterally determine whether you have violated these Terms, and take actions to apply relevant rules without receiving your consent or giving prior notice to you. Examples of such actions include, but are not limited to:
  • freezing your account
  • reporting the incident to authorities
  • publishing the alleged violations and actions that have been taken
  • deleting any information you published that is in violation

Posting offers

BITPATT users are allowed to create offers to buy or sell cryptocurrency with fiat currency of their choice. However, users whose accounts has not been verified will not be allowed to create a BUY OFFER.
All offer’s creator pays the required trading fee of 0.5% of the total trade amount irrespective of their role in the trade either as a buyer or seller.
Offer’s creator can write their own terms which a requesting user must adhere to. However, BITPATT terms supersedes any terms that may be in conflict with user defined terms.
Offer’s creator is responsible for the price of the offers created. As a result of this, disputes arising from price error will not be considered. However, in our sole discretion if we discover there was an obvious error in the offer pricing where we believe the pricing is way below or above the average market price of the cryptocurrency, we may cancel the trade.

Trade Dispute Resolution

In an event where a dispute arises between a seller and a buyer in a trade, BITPATT support will mediate and resolve the dispute when either of the party involved in the trade clicks the dispute button. BITPATT support will try to resolve any dispute within the time frame of 24 hours except in instances were a consensus cannot be reached within the time frame.

  • When the dispute button is clicked by either the seller or buyer, both parties must upload evidences supporting their claims within 6 hours in the trade chat.
  • Both buyer and seller must respond to bitpatt’s request within a time frame of at most 12 hours. If either party remains unresponsive the trade may be resolved against the party.
  • Disputes arising from not adherence to the user defined terms may be resolved in favor of the offer creator, except in cases were the terms conflicts with BITPATT terms and conditions.
  • If the buyer made payment from a third-party account, the dispute may be resolved to the seller.
  • Provision of fraudulent information or documents as evidences will lead to a dispute resolution against the party involved and suspension of the user account.
  • All disputes resolved by BITPATT support is final and will not be reviewed or altered except in cases of fraud.

Risks associated with Digital Assets

Price volatility: Prices can and do fluctuate on any given day. Due to such price fluctuations, users may increase or lose value in its Digital Assets at any given moment. Any Digital Asset may be subject to large swings in value and may even become worthless. Speculation on the value of Digital Assets is high risk and the user should never trade more than it can afford. Factors beyond BITPATT control may affect market liquidity for a particular Digital Asset such as regulatory activity, market manipulation or unexplainable price volatility. Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons. BITPATT does not assume the risk of losses due to trading or due to factors beyond its control.

Availability of the Service

All services are provided without any warranty, expressed or implied. We do not declare that this site will be available 100% of the time to meet your needs. We will endeavor to provide the Service as soon as possible. Still, there is no guarantee that access will not be interrupted or that there will be no delays, failures, errors, omissions, or loss of information transmitted.
We will make every reasonable effort to ensure that you can access the site generally following these Terms of Use. We may suspend the use of the site for maintenance and will make every reasonable effort to notify you. You acknowledge that this may not be possible in an emergency.

Third-Party Links and Information

The Service may contain links to third-party materials that are not owned or controlled by us. We do not endorse or assume any responsibility for any such third-party sites, information, materials, products, or services. If you access a third-party website or service from the Service or share your User Content on or through any third-party website or service, you do so at your own risk, and you understand that these Terms and BITPATT Privacy Policy does not apply to your use of such sites. You expressly relieve us from any and all liability arising from your use of any third-party website, service, or content, including without limitation User Content submitted by other Users. You agree that BITPATT shall not be responsible for any loss or damage of any sort relating to your dealings with such advertisers.

Suspension, Termination, and Cancellation

We may permanently or temporarily terminate or suspend your access to the Service without notice and liability for any reason, including if in our sole determination you violate any provision of these Terms, or BITPATT may: (a) suspend, restrict, or terminate your access to any or all of the Services, and/or (b) deactivate or cancel your account if: (i) we are so required by a facially valid subpoena, court order, or binding order of a government authority; (ii) we reasonably suspect you of using the Service in connection with a Prohibited Activity; (iii) use of your account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your account activity; (iv) you take any action that we deem as circumventing our controls, including, but not limited to, opening multiple accounts, consummating transactions for the benefit of a third party or abusing promotions which BITPATT may offer from time to time.
Upon termination for any reason, you continue to be bound by these Terms. You are solely responsible for your interactions with other Users. BITPATT shall have no liability for your interactions with other Users, or for any User’s action or inaction. If we suspend or close your account, or terminates your use of the Service, in whole or in part, for any reason, we will use commercially reasonable efforts to provide you with notice of our actions unless a court order or other legal process prohibits us from providing you with such notice. You acknowledge that our decision to take certain actions, including limiting access to, suspending, or closing your account, may be based on confidential criteria that are essential to our risk management and security protocols. You agree that BITPATT is under no obligation to disclose the details of its risk management and security procedures to you.

Indemnification

You agree to indemnify and hold BITPATT, its affiliates, and service providers, and each of their officers, directors, agents, employees, and representatives harmless from any claim or demand (including attorneys’ fees and any losses, fines, fees, or penalties imposed by any regulatory authority) arising out of your breach of this Agreement, or your violation of any law or regulation. “Indemnify” means to compensate someone for the harm or loss they may suffer. If you breach this Agreement or violate the law and it results in BITPATT facing claims or expenses, you agree to cover those losses.

Questions and Contact Information

To make an inquiry, contact us by sending a ticket or email ([email protected]).