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These Terms and Conditions are for the purpose of stipulating the rights and obligations of the Company and its members in relation to the terms and conditions of use of the BitFarm Exchange and BitFarm Exchange services provided by Corexfy Co., Ltd. (will be stated as “the company” from now on)
This agreement is legally binding so it is crucial that you read the contract and its contents carefully before you embark on using the company site. By registering, gaining access to and starting to use our service means that you are showing consent to our terms and conditions stated on the contract.
If you do not agree to these terms and conditions please request to cancel your membership at BitFarm and stop to use its service.
If you would like a detailed description about BitFarm, please refer to the license information and company introduction on the website.
BitFarm has the authority to change the details of the agreement at any time freely. BitFarm holds the responsibility to update any changes on the terms and conditions, and needs to announce any changes or new information on the website, and to notify their members regarding these updates. If the member continues to use its service, it means that they are agreeing to and giving consent to the updated agreement and its terms.
In order to become a member of BitFarm, you need to be over 18 years old, and must be an individual, company or other enterprise who has the capability to hold legal liability to comprehend the terms and conditions. If not, the member and the member’s guardian must take legal responsibility for the results caused due to the member’s actions BitFarm has the authority to cancel or freeze the member’s account in addition to claim the member and the member’s guardian for compensation.
By accessing and using the services provided by BitFarm, you acknowledge and declare that you are not on the list of trade or economic sanctions such as the UN Security Council sanctions list or the OFAC (US Department of the Treasury). BitFarm reserves the right to choose which markets and jurisdictions to operate.
Services to certain countries can be restricted or denied. The contents of this Agreement shall not be excluded from the laws of the country in which you are located. BitFarm maintains a position to prevent prohibited users from accessing BitFarm and the services provided by BitFarm.
Prohibited countries: US, North Korea.
Although BitFarm will strive to maintain the accuracy of the information posted on the website, but cannot guarantee the reliability, perfection and compatibility, and accuracy of its content and will not compensate for any loss or damage. The information related to BitFarm website may be directly or indirectly changed without any prior notice, and has its main purpose in helping the members to independently make their decision. BitFarm does not provide investment advice services and as stated on other websites and telecommunications media sources, BitFarm does not hold any accountability for the use or interpretation of the information as specified on the website or other communication medium. All users of BitFarm must be aware that there is a risk associated with the transaction.
BitFarm emphasized on the security of the platform to ensure the security and continuity of its service, however does not take responsibility for malicious hacking, terror attacks, and other unexpected circumstances
BitFarm has the authority to cancel, trade back or block all physical trading in case a suspicious transaction has been detected. BitFarm has no right to demand a password or request a transfer of funds that does not exist on the platform.
Members agree to the fact that BitFarm does not hold accountability in case of situations mentioned above arise. By agreeing to use the service BitFarm provides, members are giving consent that all information regarding BitFarm and its Terms are true and accurate.
When you register an account at BitFarm, it is required for you to consent to share personal information that was collected. This information is used to detect money laundering, terror financing, fraud and other financial crimes, especially on the BitFarm platform. In addition to providing this information, in order to facilitate compatibility with world industry standards for data retention, members agree to allow such information to be retained for five years after the termination of the account and for the term of the account. A member agrees that the identity of a member may be verified or other inquiries may be made to protect the member and the company from financial crimes such as fraud.
The information we collect from you may include name, address, contact info. telephone number, user name, identification card issued by the government authorities. By providing the above information the member must be able to verify that the information is true and not forged. After registering, members must prove that the information they provided are up- to- date in case of any changes. In case the information is not true or correct, and suspicion arises that the information provided by the member is not true or correct, outdated or incomplete, BitFarm may send notice to the member to correct, delete the relevant information, and in some cases delete all information. If you are unable to contact us through the contact information provided by yourself, you are solely responsible for any loss or expense incurred while using the BitFarm Service. Member acknowledges and agrees that if any changes are made, obliges to keep all information up-to-date.
Only members who have completed their email verification are allowed to use their accounts. BitFarm reserves the right to temporarily suspend, freeze or cancel a member's account. Therefore, BitFarm is not liable for these accounts.
BitFarm is committed to maintaining the safety of user funds entrusted to us and maintains industry-standard security for the platform. Members are responsible for safekeeping their BitFarm accounts and passwords, and BitFarm will not be held liable for damages caused by the disclosure of BitFarm accounts and passwords due to member's negligence.
Members must agree to the following
BitFarm will not be held responsible for any loss or consequences resulting from your failure to comply with the above account security provisions.
BitFarm reserves the right to resolve issues and disputes at its sole discretion. Some issues include violating the rights of others, violation of laws and regulations, unusual transactions, and other issues not expressed or mentioned in these Terms and Conditions. You are agreeing to bear the cost that incurred during the resolution process.
Regulations for using Davit Service
Member agrees to abide by the following commitments while using BitFarm Services.
If a member's breach of contract causes damages to a third party, the Member shall have full legal responsibility in his / her name and shall not cause BitFarm to suffer damages, fines or any additional costs. If BitFarm has suffered a loss due to an alleged infringement or has been subject to penalties imposed by administrative authorities, you must reimburse BitFarm for losses and expenses, including attorneys' fees.
BitFarm holds the right to charge fees upon the members that use its service. BitFarm reserves the right to impose service charges on users who use the Service. The fees charged to users who use the Service are adjusted at the sole discretion of BitFarm.
BitFarm does not provide any form of guarantee related to the reliability of its technology, accuracy, perfection while trading. BitFarm simply provides a platform in which it makes it possible to trade cryptocurrencies and receive all types of information regarding cryptocurrency. Care must be taken to consider the relevant investment risks, trade information and the validity of investment decisions prior to using the services BitFarm provides.
BitFarm will not be held liable for any loss arising out of any of the following, including:
In no event shall BitFarm be liable for any service interruption or delay caused by external factors, such as periodic network maintenance or power outages, natural disasters, service provider issues or government actions.
All official and public announcements, news, promotions and information related to competitions and Air drop notices can be found on the notice board, and it is recommended that all members regularly subscribe to it. BitFarm does not take any responsibility or compensate for members who did not subscribe to the publishings and due to their own fault was made to incurr a loss to themselves.
Whenever the member decides they would like to discontinue the use of its service or does not agree to the Terms and Conditions stated on the contract, members are allowed to terminate the contract by making a request through Manage Information Menu within the service or simply by contacting customer support.
The Company shall deal with the request to terminate their membership according to the relevant laws and regulations. However, the Company shall not be liable for any damages incurred by the Company without the intention or negligence from the Company in the process of canceling the use of its service according to the member's request.
The Company may restrict the use of the Service by setting a time when the following reasons occur and may request corrective action. If you do not make a correction within a reasonable period of time despite the request for correction or if you repeatedly made the violation more than 2 times, you may cancel the contract.
Upon termination of the contract, all benefits received through the use of the service will expire and the company will not compensate for it.
When the termination of the contract is completed, all personal information of the member will be deleted except for the part which the company needs to hold according to the related laws and personal information processing policy.
If the company decides to terminate the user agreement, the company may retain the member's information for a certain period of time in case a member makes an objection and needs to receive and process it but after the period has elapsed, may delete all information (except for cryptocurrency selling/buying details).
It is your responsibility to comply with local laws regarding the legal use of BitFarm in your jurisdiction. You must also acquire all aspects of taxation, withholding, collection, reporting and remittance to the appropriate tax authority within the scope of local law. All users of BitFarm and its services must acknowledge and declare that their sources of funding were done a legitimate manner and were not derived from illegal activities. BitFarm maintains a partnership with law enforcement authorities around the world and will not hesitate to capture, freeze, or terminate accounts and funds of users investigated by legal authorities.
Except for cases in which BitFarm has breached its trust, members will be exempted from any claims received through 3rd parties and compensation requests from affiliates including BitFarm. As mentioned in the service description, BitFarm is committed to maintaining its data integrity on the site, but does not guarantee the information and services provided by that platform. BitFarm shall not be liable for errors resulting from the use of the Services.
If members encounter any problems or questions while using the service, or would like to share their opinions, please contact the Notice board through 1:1 Query.
Information you provide to us at registration
When you create a BitFarm Account, you provide us with personal information that includes your contact information (Email Address, name, and a password). You can also choose to add a phone number for SMS or Google Authenticator account to be used for 2FA verification for improved security.
Information we collect when authenticating user identity
To comply with global industry regulatory standards including Anti-Money Laundering (AML), Know-Your-Customer (KYC), and Counter Terrorist Financing (CTF), BitFarm requires user accounts to undergo user identity authentication for both Personal & Enterprise-level accounts. This entails collecting formal identification.
Information we collect as you use our services
Through your use of the BitFarm platform, we also monitor and collect tracking information related to usage such as access date & time, device identification, operating system, browser type and IP address. This information may be directly obtained by BitFarm or through third party services. This service usage data helps us our systems to ensure that our interface is accessible for users across all platforms and can aid during criminal investigations.
For all personal and enterprise user accounts, we collect transaction information including deposit snapshots, account balances, trade history, withdrawals, order activity and distribution history. This transaction data is monitored for suspicious trading activity for user fraud protection, and legal case resolution.
We use the information collected to deliver our services and verify user identity.
We use the IP address and unique identifiers stored in your device’s cookies to help us authenticate your identity and provide our service. Given our legal obligations and system requirements, we cannot provide you with services without data like identification, contact information and transaction-related information.
We use the information collected to protect our platform, users’ accounts and archives.
We use IP addresses and cookie data to protect against automated abuse such as spam, phishing and Distributed Denial of Service (DDoS) attacks.
We analyze trading activity with the goal of detecting suspicious behavior early to prevent potential fraud and loss of funds to bad actors.
Respect for the privacy and security of data you store with BitFarm informs our approach to complying with regulations, governmental requests and user-generated inquiries. We will not disclose or provide any personal information to third party sources without review from our legal case team and/or prior consent from the user.
We actively measure and analyze data to understand how our services are used. This review activity is conducted by our operations team to continually improve our platform’s performance and to resolve issues with the user experience.
We continuously monitor our systems’ activity information and communications with users to look for and quickly fix problems.
We use personal information collected, like an email address to interact with users directly when providing customer support on a ticket or to keep you informed on log ins, transactions, and security. Without processing your personal information for confirming each communication, we will not be able to respond to your submitted requests, questions and inquiries. All direct communications are kept confidential and reviewed internally for accuracy.
BitFarm has implemented a number of security measures to ensure that your information is not lost, abused, or altered. Our data security measures include, but are not limited to: PCI Scanning, Secured Sockets Layered encryption technology, pseudonymization, internal data access restrictions, and strict physical access controls to buildings & files. Please note that it is impossible to guarantee 100% secure transmission of data over the Internet nor method of electronic storage. As such, we request that you understand the responsibility to independently take safety precautions to protect your own personal information.
If you suspect that your personal information has been compromised, especially account and/or password information, please lock your account and contact BitFarm customer service immediately.
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