Qbit Currency a Digital Money Source for everyone in everyday use.
Updated: 19/09/2023
1.0 Terms and Conditions of qbitsilver.com
Qbit money website As described in the Terms, You agree to be legally bound by these terms and all terms incorporated by reference. If You do not agree to be bound by these terms, do not access or use the Services.
We reserve the right to change or modify the terms and conditions contained in the Terms, including but not limited to any policy or guideline of the platform, at any time and at our sole discretion. We will provide notice of these changes by posting the revised Terms and changing the "Last updated" date at the top of the Terms, or by emailing Users at their provided email addresses, or by any other means as determined by us at our sole discretion. Any changes or modifications will be effective immediately upon posting the revisions to the Site or at the instant that we transmit the information. These changes will apply at that instant to all then current and subsequent uses or Services.
You waive any right You may have to receive specific notice of such changes or modifications. Your continued use of this platform acts as acceptance of such changes or modifications. If You do not agree to the Terms in effect when You access or use the platform, You must stop using our Services. We encourage You to frequently review the Terms to ensure that You understand the terms and conditions that apply to your access to, and use of, the Services. If You have any questions regarding the use of the Site, please contact admin@qbitsilver.com.
The Terms and any terms expressly incorporated herein apply to your access to, and use of, any services provided by QBIT Currency. QBIT Exchange, QBIT Explorer, The Terms do not alter in any way the terms or conditions of any other agreement You may have with QBIT Currency and its associates for products, services or otherwise. If You are using the Service on behalf of any entity, You represent and warrant that (a) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization and (b) You are authorized to accept the Terms on such entity's behalf and that such entity agrees to be responsible to us if You violate the Terms.
You should read the Terms, and any document referred to in them very carefully. If there is anything that You do not understand in the Terms and any document referred to herein, you should discuss this matter with us and seek the necessary clarification.
Any formal communication with You will be undertaken through electronic mail unless otherwise instructed. Documents will be sent to you by electronic mail and you should seek to send any documents to us by the same means.
Communication with You will be made in the English language. In the event of any discrepancy between the English language version of the Terms or any such communications and any translation of the Terms or such communications (as applicable) in a foreign language, the respective English version shall prevail..
Accuracy: While we have made every effort to ensure the accuracy of the information on our website, the information and content on the website is subject to change without notice and is provided for the sole purpose of assisting Users to make independent decisions. We have taken reasonable measures to ensure the accuracy of the information on the website; however, we do not guarantee the accuracy, suitability, reliability, completeness, performance and/or fitness for purpose of the content of any Services or products available through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the Site, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through our platform. We will not have any liability for the use or interpretation of such information.
Users shall prepare devices and bear costs as follows: 1) internet-connected device, including but not limited to computer or other internet-connected terminals; 2) internet-accessing costs, including but not limited to internet fees, rental charges for internet-connected equipments, cellular data fees, etc.
While using the Services, You accept the information services provided by us. You hereby authorize us to send commercial information to You via e-mail, SMS, mobile notification, or mailing address. You can opt out of such services by changing relevant settings on the website.
You acknowledge and consent that the Services are provided by us according to its current technological capacity and other conditions. While we have made every effort to ensure continuity and security of the Services, we are unable to completely foresee and hedge legal, technological and other risks including but not limited to force majeure, virus, hacker attack, system instability, flaw in third-party services, act of government, etc. that may result in service interruption, data loss and other losses and risks.
When the system platform is unable to operate properly because of the following circumstances and the User is unable to access the Services or place or cancel an order, we assume no liability for damages. These circumstances include, but are not limited to:
System downtime during maintenance as announced by our platform; Telecom or Networking equipment issues; Typhoon, earthquake, tsunami, flood, power failure, war, terrorist attacks, and other force majeure factors; Any other issues, including hacker attacks, computer virus intrusion or attack, website or backend maintenance and upgrade, banking related issues, government regulation or mandates, and any other third party issues; Damages to Users or other third parties caused by third parties.
For abnormal transactions, market interruption and other abnormal conditions caused by system failure, network failure, distributed denial of service attacks (DDos) and other hacker attacks and other unexpected factors, we have the right to cancel the abnormal transaction results. For Futures, C2C, and Margin Lending we have the right to rollback all the transactions of a certain period of time as described in the respective User Agreement.
Qbit shall not ask for any password from our Users, nor shall we ask Users to transmit any funds, Digital Assets or Digital Assets addresses, as applicable, that are not listed on the trading platform. We shall not be responsible for any losses howsoever caused by transmitting funds, Digital Assets or Digital Assets addresses, as applicable, that are not listed on the trading platform.
Abnormal transaction handling: While using the Services, You agree and acknowledge the possibility of discontinuity and disruption of the Services due to connectivity problems of the Digital Asset networks or other force majeure. Users shall make sure to provide only correct information. QBIT Currency does not assume any responsibility of any losses caused by the aforementioned situations due to your providing incorrect information that results our inability reaching out and explaining to You the handling procedures.
We have the right to know the purpose and background of the Users who use our products or services. Users should provide comprehensive and accurate information as required.If we have reasonable grounds to suspect that the User has provided false trading information, we are entitled to restrict the User from the use of some or all of our products and services temporarily or permanently.
2. Risks Disclosure related to the use of Qbit money
Trading of Digital Assets involves significant risk. The risk of loss in trading or holding Digital Assets can be substantial. You should therefore carefully consider whether using the Spot Services or Additional Services is suitable for You in light of your financial condition.
There is no assurance that our trading market for Digital Assets will be orderly and stable. You should exercise prudence in trading in Digital Assets (as well as any other assets). Prices can and do fluctuate at any given moment for any reason. Due to such price fluctuations, You may gain or lose value in your assets at any given moment. Any Digital Asset or trading position may be subject to large swings in value and may even become worthless.
The User shall bear any loss resulting from his/her own fault or error howsoever caused, including but not limited to: not in accordance with the transaction prompts operation, not timely trading operations, forgetting or leakage of passwords, passwords are cracked, and/or the Users computer is invaded or hacked by others.
In the event of a potential loophole in the trading rules that unjustly enriches the User, we will contact the user to recover the gains. The User must effectively cooperate, otherwise, we will take actions, including, but not limited to restrictions on account transactions, freezing account funds, prosecution of the User in a court with right of jurisdiction and other recourse measures. In the event that the User does not cooperate, the User will also bear recourse costs.
Additional Services may have incremental risk factors. Please note that:
You may sustain a total loss of initial margin and any additional Digital Assets deposited with us to maintain your position; If the market moves against your position or margin levels are increased you may be requested to transfer additional Digital Assets on short notice to maintain your position;
If you fail to comply with a request for the additional transfer of Digital Assets to your account within the time prescribed, we may at our sole discretion liquidate any or all of your positions at a loss;
Whether you make a profit or a loss will depend on fluctuations in the price of the respective Digital Asset; We may trigger socialised clawback mechanism to take a portion of your gain to cover the shortfall, as described in User Agreement. More information can be found at the following link: https://support.okex.com/hc/en-us/articles/360000139652-Forced-Liquidation.
Qbit money will not be responsible for any losses, damages or claims arising from events falling within the scope of the following categories:
(1) Mistakes made by the user of any Qbit money-related software or service, e.g., forgotten passwords, payments sent to wrong Qbit money addresses, and accidental deletion of wallets or allowing others to know or use your private key.
(2) Software problems of Qbit money and/or any Qbit money-related software or service, e.g., corrupted wallet file, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting Qbit money and /or any Qbit money-related software or service provided by qbitsilver.com.
(3) Any Technical failures in the hardware of the user or of qbitsilver.com, or of any Qbit money-related software or service, e.g., data loss due to a faulty or damaged storage device or peer corruption.
(4) Security problems experienced by the user of any Qbit money-related software or service, e.g., unauthorized access to users' wallets and/or accounts.
(5)The Actions or inactions of third parties and/or events experienced by third parties, e.g., bankruptcy of service providers, information security attacks on service providers,theft of user equipment with relevant data, and fraud conducted by third parties against the user or qbitsilver.com.
3.0 Currency Investment risks
Qbit money investment is like any Currency investment it can lead to loss of money over short or even long periods and or Considerable Gains in value over the same periods. Investors in Qbit money should expect prices to have a range of fluctuation in price. The information published on the Qbit money daily price movement, cannot guarantee that an investor in Qbit money would not Gain or lose money.
4.0 Compliance with your tax obligations
The users of the Qbit money are solely responsible to determinate what, if any, taxes apply to their Qbit money transactions. The owners of, or contributors to Qbit money are NOT responsible for determining the taxes that apply to Qbit money user transactions or holding funds for any tax purposes.
5.0 The Qbit money website does not store, send, or receive Qbit monies.
The Qbit money website does not store, send, or receive Qbit money or payments. This is because Qbit monies exist only by virtue of the ownership record maintained in the Qbit money network. Any transfer of title in Qbit monies occurs within a decentralized Qbit money network, and not on the qbitsilver.com Website.
6.0 No warranties
The qbitsilver.com is provided on an "as is" basis without any warranties of any kind regarding the Qbit money and/or any content, data, materials and/or services provided on the Qbit Website.
7.0 Limitation of liability
By using this website and Qbit money you agree that in no event or circumstance shall the owners of, or contributors to Qbit money be liable for any damages of any kind, including, but not limited to,loss of wallet, loss of Qbit or other currency from your account, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the Qbit Website your wallet is your money and your responsibility to keep the private keys to it safe, See SAFETY ON THE WEB, show them to no one, QBIT or any associate of QBIT will never ask you for your private key if someone does you are being scammed.
4. YOUR QBIT EXCHANGE ACCOUNT
4.1 Account Registration and Identity Verification:
In order to use some parts of the Service, you must first register by providing your email or mobile phone number, full name and other personal information to verify your identity, along with affirming this Terms of Service. You agree to provide us accurate and authentic information we request at registration and on an ongoing basis for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime, including without limitation a copy of your government issued photo ID or evidence of residency such as a lease or utility bill if required. If any such information changes, it is your obligation to update such information as soon as possible this is the legal position.
4.2 Protecting Your Account:
You agree to not enable anyone to use or direct your account, and to update QBIT Currency of any information change or if your account has been compromised. You are responsible for keeping, protecting and safeguarding any keys, certificates, passwords, access codes, user IDs or other credentials and login information (collectively "Passwords") that have been provided to you or that are generated in connection with your use of the Service. If you lose your Passwords, you will not be able to access your account. You agree to notify QBIT Currency immediately of any unauthorized use of your Passwords. We will not be responsible for any liabilities, losses, or damages arising out of the unauthorized use of your Passwords. QBIT Currency is an online trading platform, and to avoid potential security risks, the login password, administration password and any other passwords shall not be set as the same. Relevant responsibilities shall be borne by the users. Once the user is registered, and becomes a user of the Site, he or she will get the username (user mailbox) and password, and is responsible for all activities and events with this username and password after entering the system, and bear all the legal liability directly or indirectly caused by the language and behaviors of the use of this username.
4.3 Password Recovery:
Users who lose their passwords to Qbit sites can reset it after being verified through their registered email addresses or phone numbers,
This Does not apply to wallet passwords, they can be reset in the cli or other wallets, loss of your wallet seed or private and public keys means once their gone your wallet is gone FOREVER along with your money Qbit have no access to your wallet or keys be warned make several backups and keep these keys safe and not on a computer connected to the internet makes sense yes..
You shall immediately report to QBIT Currency if any unauthorized operations or security breaches are found.4.4 Account Balance:
If your account shows a credit balance, you may request us to return available Digital Assets. However, we may at our discretion elect to withhold (or if applicable, deduct) your request to withdraw (in whole or in part) Digital Assets to you if: Your open derivatives transactions show notional losses; We consider that additional Digital Assets may be required to meet any current or future margin requirement on open derivative positions due to underlying market conditions; You have any actual or contingent liability towards us under the Terms; and/or We reasonably determine that there is an unresolved dispute between us in connection with the Terms.
4.5 Account Closure:
You may close your account at any time. Closing an account will not affect any rights and obligations incurred prior to the date of account closure. You may be required to either cancel or complete all open orders and, in accordance with the provisions of this Terms of Service, provide transfer instructions of where to transfer any fiat currency and/or digital assets remaining in your account. You are responsible for any fees, costs, expenses, charges, or obligations (including, but not limited to, attorney and court fees or transfer costs of fiat currency or digital assets) associated with the closing of your account. In the event that the costs of closing of your account exceed the value in your account, you will be responsible for reimbursing us. You may not close any of your accounts to avoid paying any fees otherwise due or to avoid any examination related to our AML Program.
4.6 Account Suspension and Investigation:
You agree and acknowledge that QBIT Currency has the right at any moment to suspend your account and any account for which you are a representative or authorized signatory, etc . Also, you agree that QBIT Currency can freeze/lock the funds and assets in all such accounts, and suspend your access to the Site until a decision has been made, if we suspect, in our sole discretion, any such accounts to be in violation of:
The account has a balance that needs to be reconciled for any reason; If we believe that an unauthorized person is attempting to gain access to your account; If we believe that you are using your credentials or other account information in an unauthorized or inappropriate manner; The account has not been accessed in over one year, closure will result in the balance in the account being returned to the Qbit general fund; You agree and acknowledge that we have the right to immediately investigate your account and any related account, if we suspect, in our sole discretion, that any such account has committed a conduct violation.
4.7 Account Termination:
You agree and acknowledge that we have the right to terminate any account at any time and for any reason. You further agree and understand that we have the right to take any and all necessary and appropriate actions pursuant to this User Agreement and/or Applicable Laws and Regulations. If your account is terminated, we will return your funds, less the value of any trading fee discounts, rebates, and/or damages that we are entitled to pursuant to this User Agreement. If your account is no longer subject to an investigation, court order, or subpoena, you authorize us to return your funds (less any trading fee discounts, rebates, and/or damages to which we are entitled) to any bank account linked to your account, unless otherwise required by law. If there is a Digital Asset balance remaining in your account, you agree to provide us with a Digital Asset address upon receiving email notification, so that we can return the remaining Digital Assets to you.
We grant You a limited, non-exclusive, non-transferable license, subject to the Terms, to access and use our website and Services, solely for approved purposes as permitted by us. You agree that You will not copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale of, create derivative works from, or in any other way, exploit any of our products and Services.
You agree that:All rights, title and interest in the Service and associated software, website and technology, including all intellectual property rights therein, are and shall remain with the Parties;
No right or interest in the Service is conveyed other than the limited licenses granted herein; The Services are protected by the copyright and other intellectual property laws;
All rights not expressly granted in these Terms are reserved.
Users may open multiple accounts for any purpose they deem legal.
6.2Users may not use another User's accounts.
6.3Users must not use this website or Services in any way that causes, or may cause, damage to this site or impairment of the availability or accessibility of this website; or in connection with any illegal fund payment and settlement including but not limited to payment by illegal means like fictitious transaction, false price, and transaction refund and so on; illegal cash-out activity via entity bank settlement account; illegal fund transfer from the bank settlement account of an entity to an individual account; illegal check cash-out activity or any unlawful, illegal, fraudulent or harmful purpose or activity under applicable laws and regulations. Users agree to indemnify and hold QBIT Currency, and their officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries and affiliates, harmless from any demands, loss, liability, claims or expenses (including attorneys' fees), made against QBIT Currency by any third party due to or arising out of or in connection with a users' use of this website or Services.
6.4Without the authorization or permission of QBIT money or QBIT EXCHANGE, the User shall not use any of the commercial activities in the name of this Site or in any form of the Site as a place, platform or medium for engaging in commercial activities.
6.5Users shall comply with all laws and regulations, and bear the responsibility and legal consequences of any their own actions involving the Site and Services. In addition, Users shall not infringe the legitimate rights and interests of any third party. Additionally, if QBIT EXCHANGE suffered losses as a result of Your actions, QBIT EXCHANGE have the right to recover losses from the User via legal actions or other means.
6.6If a User violates any obligation above and endangers Qbit and iits customers, QBIT EXCHANGE has the right to take all necessary measures directly, including but not limited to deleting the content posted by the User, canceling the customer star rating and honor, freezing the User's balance, pausing or seizing the user's account and illegal gains, and prosecution.
Fees may be incurred for part of the Services provided by us to the Users. By using our Services, you agree to incur these fees.
7.2QBIT EXCHANGE has the right to set and modify our fee structure and at our own discretion. We may also start charging fees on free services. Any fee changes shall be announced in advance.
7.3If you do not agree with any fees charged, You should stop using the Service immediately. You are still responsible for any fees previously incurred.
7.4Unless otherwise stated or agreed, the User agrees that we have the right to automatically and without prior notice deduct the above-mentioned service fees directly from the assets of the User account.
7.5If You do not pay in full and on time, we reserves the right to interrupt, suspend or terminate the service and use site funds to clear all incured charges.
Service Change and Interruption: We may change the Service and/or may also interrupt, suspend or terminate the service at anytime with or without prior notice.
8.2Service Discontinuance and Termination: we reserve the right, in our sole discretion, to discontinue or terminate the services provided to you without notice, temporarily or permanently, including, but not limited to, the following cases:
If the personal information you have provided is not true, or inconsistent with the information at the time of registration and you have failed to provide reasonable proof (please remember, according to the laws or regulations you should submit true information); If you violate the relevant laws and regulations or this agreement;
It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions You conduct through the Services, and to withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. Qbit holds no records and your balances, transactions and address's are totally private the block explorer shows a transaction public address and if the transaction was valid or not your payment details cannot be seen. Additionally, You agree to comply with all relevant laws of Seychelles, Singalor and somwhere in the desert as applicable. When using our Services, You acknowledge that your actions are in a legal and proper manner and your sources of Digital Assets are not from illegal activities. 9.1