Terms of Service
-
THIS AGREEMENT
- These are the terms and conditions of an agreement (the “Agreement”) between **********************.
(“Bitcoin Options”) a company incorporated under the International Business Companies Act of 2016 of the Republic
of Seychelles with company number ******* (“we”, “our”, “us”), who is the owner and operator of
https://bitcoinoptions.com, a platform which allows you to bet, amongst
other products, Digital Options on
Cryptocurrencies (the “Platform”) and each member of the Platform (“you”, “your”).
- Please ensure you download and store a copy of this Agreement for your records.
- This Agreement applies in conjunction with the Privacy Policy, Cookies Policy and Risk Policy of
Bitcoin Options.
-
Definitions
- “Account” means the online registration you have with us, which is created when you register on the
Platform
- “Bitcoin Options” means the digital asset which we support on the Platform.
- “Eligibility Criteria” means such criteria as set out at clause 2;
- “Options Bet” or “Order” means an executed Digital Options Bet on the platform;
- “Platform” means the betting platform published by us from time to time, including without
limitation the betting platform at https://bitcoinoptions.com and/or any
of our subdomains;
- “Standard Account” means the default Account that requires no KYC apart from email address;
- “User” means any member of the Platform.
-
ELIGIBILITY
-
To use the Platform, you must be either:
- an individual aged 18 years or older; or
- a legal person (e.g. company or partnership)
- In addition, you must warrant that:
- using Bitcoin Options’s services does not constitute a breach of your home jurisdictions’ laws;
- you are aware of the risks in using the services provided by Bitcoin Options. These risks include the high
volatility risk of Bitcoin Options itself, the fact that you may lose all of the funds in your Digital Options
bet if the market moves against you;
- you will not be involved or initiate any form of market manipulation, including spoofing orders or
otherwise;
- you are the legal owner of the funds you add to your account with Bitcoin Options and that the same funds
derive from a legitimate source;
-
any Bitcoin Options withdrawal address you provide is your own and that you have full control over this address;
In order to confirm your eligibility, we may have to conduct certain checks and request certain documents
from you before you can access the Platform. You must give us information we reasonably ask you for, and
you must fully and truthfully answer any questions we may reasonably ask you, in order to complete these
checks.
- You must inform us as soon as reasonably practicable if you cease to meet the eligibility criteria
set out in this clause.
- We reserve the right to suspend or revoke your access to the Platform at any time without prior
notice to you. If we suspend your profile, your Account or terminate your access to the Platform.
-
REGISTRATION / VERIFYING YOUR IDENTITY
- If you wish to place an Options Bet or Order, and provided you meet the Eligibility Criteria, you will
first be required to register as a User. You can open a Standard Account by providing your email address.
- Bitcoin Options reserves the right to verify your identity and/or the identity of your legal entity at any time
for the purposes of complying with the Seychelles’ Anti-Money Laundering Act 2017.
- Your data may be shared with qualified third parties in the course of anti-money laundering checks and
other appropriate checks in order to provide Our services to you. Further details on information sharing
may be found in Our Privacy Policy.
- We may suspend any Account in the event that we suspect or have reason to believe you are engaged in
suspicious betting or other activity or have breached any of the above warranties. In the event that we
request additional information about you, we may suspend your Account until you provide this information
to us and we will not be liable to you for any losses that result from such suspension. If you do not
cooperate with our requests for further information or documentation during the suspension of your
Account, we reserve the right to keep your Account in suspension indefinitely or to terminate your
Account.
- If we are satisfied that you comply with all applicable requirements, we will provide you with a
verified account to access the Platform. For the avoidance of doubt, we may refuse to grant a verified
account to any person without stating a reason.
-
DEPOSITS AND WITHDRAWALS
- Once we have opened a Standard Account for you and this Standard Account has been activated, you will be
able to deposit Bitcoin Options only into your Standard Account by sending it to the address we provide you
with.
- Any Bitcoin Options you send in accordance with clause 4.1 will be held within a storage solution managed by
us and is not insured against loss.
- You shall be permitted to withdraw Bitcoin Options credited to your Account on the Platform by making a
withdrawal instruction via the Platform.
- Where a withdrawal instruction is received by us in respect of Bitcoin Options, we shall credit such Bitcoin Options
to the Bitcoin Options wallet you nominated on registration or subsequently agreed with us.
- You warrant that you own and are fully responsible for any Bitcoin Options wallet you have notified to us for
the purposes of receiving Bitcoin Options withdrawn from the Platform.
- You warrant that you own and are fully responsible for any Bitcoin Options wallet you use for the purposes of
sending Bitcoin Options deposited to the Platform. If you receive a deposit that you did not initiate, you must
inform us at the first available opportunity after becoming aware of the deposit.
- We cannot reverse a Bitcoin Options transaction which has been sent to a Bitcoin Options network.
- We may suspend any deposit or withdrawal instruction without stating a reason. In the event that we
request additional information about the transaction, we may suspend your deposit or withdrawal
instruction until you provide this information to us and we will not be liable to you for any losses that
result from such suspension.
- You acknowledge that deposited and beted Bitcoin Options may be co-mingled with those of other Customers of
Bitcoin Options in the Client Account.
- You acknowledge that Bitcoin Options is under no obligation to pay interest on any funds held on your behalf in
any account.
- You may not use the Platform to store, send, request, or receive Cryptocurrencies (or other digital
assets) which are not expressly supported by the Platform. If you attempt to send a transfer to our
Platform of a Coin which is not supported by us, we are under no obligation to return such Coin to you.
-
PAYMENT
- All payments made to us under this Agreement are to be made in full without any set-off, counterclaim or
deduction whatsoever.
-
We shall make payments to you in full less our Commission (as defined on our Fees page) unless:
- it is or will be owed amounts which are incurred in respect of transfer charges that may be levied;
or
- you owe us amounts in respect of other Orders or Commission which have not been settled in
accordance with this Agreement.
-
BETTING ON THE PLATFORM
- Prior to making any Order, you must have credited Bitcoin Options to your Account. We shall not permit any
Order to be placed until Bitcoin Options has been deposited to the notified address, and cannot accept
responsibility for any delay in betting or subsequent withdrawal due to the late arrival of such funds.
- If you have a sufficient balance of Bitcoin Options in your Account, you will be able to bet.
- To open or close a bet on the Platform, you must submit an Order. We are under no obligation to accept
any Order submitted by you, and we maintain discretion over whether any order is accepted or executed.
- We shall at all times be entitled to operate on the basis that each Order is correct and does not
contain any errors (including in the case of manifest errors).
-
NO FINANCIAL ADVICE
- We may in our sole and absolute discretion from time to time provide you with information on
practical aspects of using the Platform.
- Notwithstanding any such information provided by Us, you acknowledge and agree that you enter into
each Order of your own free will without reliance on any information provided by us and that such
Order is at your own risk. You shall not be entitled to rely on Our for advice on the timing or terms
of any Order.
-
WARRANTIES AND REPRESENTATIONS
-
You warrant that:
- you have full legal capacity to enter into this Agreement;
- all Bitcoin Options deposited into your Account derive from legitimate/legal sources;
- using the Platform does not infringe any local laws of your country of residence;
- if you are an individual, you are not acting on someone else’s behalf;
- you only will apply for a single Account with us;
- if you are a company, you are authorised to transact on behalf of your legal entity; and
- you understand the risks associated with betting Digital Options.
-
YOUR CONDUCT
- By using the Platform, you agree not to upload, post, email or otherwise send or transmit any material
that contains viruses, Trojan horses, worms or any other computer code, files or programs designed to
interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications
equipment associated with the Platform.
- You agree and undertake to keep your username and password confidential, not to disclose your password
to any other person and not to permit any other person to log in to the Platform using your username and
password. If you choose to share your credentials with a third party, you do so at your own risk.
- You agree not to interfere with the servers or networks connected to the Platform or to violate any of
the procedures, policies or regulations of networks connected to the Platform, including this Agreement.
-
You also agree not to:
- attempt to reverse engineer or sell, export, license, modify, copy, distribute or transmit the
Platform to any third party, or jeopardise the correct functioning of the Platform, or otherwise
attempt to derive the source code of the software (including the tools, methods, processes and
infrastructure) that enables or underlies the Platform;
- attempt to gain access to secured portions of the Platform to which you do not possess access
rights;
- impersonate any other person while using the Platform;
- conduct Yourself in a vulgar, offensive, harassing or objectionable manner while using the Platform;
- use the Platform to generate unsolicited advertisements or spam; or
- use any automatic or manual process to search or harvest information from the Platform, or to
interfere in any way with the proper functioning of the Platform.
-
OUR RIGHTS
-
To protect the Platform we reserve the right to:
- may request from you proof of source of funds;
- confirm your control of your Bitcoin Options address;
- monitor the activity of your account and transaction / usage behaviour both on and off the Platform
- suspend your Account due to repetitive losses and to assess the appropriateness of the Platform for
you;
- suspend your Account due to suspected misuse of the Platform by you.
-
INTELLECTUAL PROPERTY
- Bitcoin Options and/or its licensor(s) are the sole owners of the Platform, which includes any software,
domains, and content made available through the Platform.
- The Bitcoin Options brand, its graphics, logos, icons and service names related to the Platform and the
Platform are protected by Seychelles copyright and other intellectual property laws. Without limitation,
this means that you may not sell, export, license, modify, copy, distribute or transmit the Platform (or
any part of it) or any material provided through the Platform without our prior express written consent.
- Any unauthorised use of the Platform will result in the automatic termination of the limited license
granted by us. We reserve the right to terminate the limited license without notice at any time following
an unauthorised use by you of the Platform.
- All other betmarks not owned by Bitcoin Options that appear in connection with the Platform are the property
of their respective owners, who may or may not be affiliated with, connected to or sponsored by Bitcoin Options.
-
SECURITY
- Whilst we have implemented commercially reasonable technical and organisational measures to secure your
personal information from unauthorised use, we cannot guarantee that unauthorised third parties will never
be able to defeat those measures. You acknowledge that you provide your personal information at your own
risk.
-
ELECTRONIC COMMUNICATIONS
- By downloading and/or using the Platform and/or viewing Orders and/or making any Orders through the
Platform, you consent to receiving electronic communications and notices from Bitcoin Options you agree that any
notice, agreement, disclosure or other communications that we send to you electronically will satisfy any
legal communication requirements, including that such communications be in writing.
-
PRIVACY
- You provide us with information when you register an Account via the Platform. We also collect
information
both relating to you (for example on your usage and bet history) and to Customers of the Platform in
general. Any information that you submit or that we collect when you are using the Platform is subject to
the Bitcoin Options Privacy Policy, the terms of which are hereby incorporated into these Terms and Conditions.
-
INDEMNITY
- You provide us with information when you register an Account via the Platform. We also collect
information both relating to you (for example on your usage and bet history) and to Customers of the
Platform in general. Any information that you submit or that we collect when you are using the Platform is
subject to the Bitcoin Options Privacy Policy, the terms of which are hereby incorporated into these Terms and
Conditions.
-
INDEMNITY
- You agree to indemnify and hold Bitcoin Options and its related companies, and each of their respective
shareholders, directors, officers, employees, agents and merchant partners harmless from and against any
third-party claim or cause of action, including reasonable attorneys’ fees and court costs, arising,
directly or indirectly, out of your breach of these Terms and Conditions and/or your violation of any law
or the rights of any third party.
-
NO WARRANTY AND LIABILITY LIMIT
- The Platform is provided on an “as available,” “as is” basis. To the maximum extent permitted by law, we
and our suppliers and vendors disclaim all warranties with respect to the platform, including, but not
limited to, the implied warranties of non-infringement, title, merchantability, quiet enjoyment, quality
of information, and fitness for a particular purpose. We do not warrant that the Platform will meet your
requirements, that you will be able to place Orders through the Platform, or that the operation of the
Platform will be uninterrupted or error-free, or that defects in the Platform will be corrected. No oral
or written information or advice given by us shall create any additional warranties or in any way increase
the scope of our obligations. You assume all responsibility for determining whether the platform or the
information generated thereby is accurate or sufficient for your purposes.
- We reserve the right to deliver the Platform and to process Orders in our sole and absolute discretion,
including the right to refuse to execute Orders, cancel or reverse already executed Orders in case of
manifest or obvious error.
- In no event shall our shareholders, directors, officers, employees or agents be liable (jointly or
severally) to you for loss of use or any special, incidental, direct, indirect or consequential damages
arising out of or in connection with the Platform, the placement by you of any Order, the delivery of any
Bitcoin Options, the failure in whole or in part of the Platform or to deliver any Bitcoin Options or this Agreement,
on any theory of liability, and whether or not advised of the possibility of damage.
- Notwithstanding the foregoing, the entire liability for us and each of our affiliates, suppliers and
vendors (collectively) under this agreement for all damages, losses (including betting losses), and causes
of action, whether in contract, tort (including negligence), or otherwise shall be limited to an amount
equal to US$1.00.
- We do not seek to exclude liability for death or personal injury caused by our negligence, or fraud or
fraudulent misrepresentation on our part.
-
TERMINATION
- This Agreement has no fixed or minimum duration and can be ended by you or us. You can end it at any
time by emailing us at hello@bitcoinoptions.com.
- We may terminate this Agreement (and close your Account) at any time and for whatever reason upon giving
you 7 days’ notice.
-
We may terminate this Agreement (and close access to your Account) immediately if:
- you are in breach of this Agreement;
- if we reasonably suspect criminal or fraudulent activity; and
- we would break the law by continuing this Agreement.
- If we terminate this Agreement, we’ll tell you our reasons for doing so (unless the law prevents us from
doing so).
- Upon termination, your right to bet will be cancelled.
-
GENERAL
- You are not permitted to assign, transfer, charge, sub-contract or deal in any other manner with all or
any of Your rights under these Terms of Service without our prior express written consent. We may assign
any of our rights and (with your consent) our obligations under this Agreement.
- This Agreement is between you and us. No person shall have any rights under or connection with this
Agreement under the Contracts (Rights of Third Parties) Act 1999.
- The parties agree that we shall perform our duties under this Agreement as an independent contractor.
Nothing contained herein shall be deemed to establish a partnership, joint venture, association, or
employment relationship between the parties. Personnel employed or retained by us who perform duties
related to this Agreement shall remain under our supervision, management, and control.
- If any court or competent authority decides that any term of this Agreement is held to be invalid,
unlawful or unenforceable to any extent, such term shall, to that extent only, be severed from the
remaining terms, which shall continue to be valid to the fullest extent permitted by law.
- Headings are for reference purposes only and in no way define, limit, construe or describe the extent or
scope of such section.
- Our failure to enforce any term of this Agreement shall not constitute a waiver of that or any other
provision and will not relieve you from the obligation to comply with such provision.
- We will send you notices to the email address you provided in your Account. These will be deemed to be
delivered to you if we do not receive a failed delivery message. You must send your notices to
hello@bitcoinoptions.com.
- We shall not be in breach of this Agreement nor liable for delay in performing, or failure to perform,
any of our obligations under this Agreement if such delay or failure result from events, circumstances or
causes beyond our reasonable control.
- This Agreement set forth the entire understanding and agreement between you and us with respect to the
subject matter hereof.
- This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or
formation (including non-contractual disputes or claims) shall be governed by and construed in accordance
with the laws of the Republic of Seychelles.
- You irrevocably agree that the courts of the Republic of Seychelles shall have exclusive jurisdiction to
settle any dispute or claim that arises out of or in connection with this Agreement or their subject
matter or formation (including non-contractual disputes or claims).