User Agreement
Effective Date: January, 2024
UBITEX LABS LTD. is a cryptocurrency and digital asset exchange platform aimed at the future. Its operating website is https://www.ubitexplatform.com (referred to as “this website” or “website” hereinafter). This website is a platform that enables users to trade digital assets and offers related services (referred to as “the service(s)” or “service(s)” hereinafter). For convenience, the company and the website together will be referred to as “we” or other first-person expressions in these Terms of Use (Terms). All natural persons and other entities who log in to the website are users of the website. For convenience, users will be referred to as “you” or other second-person expressions in these Terms. For convenience, both we and you together will be referred to as “both parties,” with “one party” referring to either you or us.
Important:
We especially remind you: 1.Digital assets are not endorsed by any financial institution or government. The digital asset market is new and lacks clear and stable expectations.
2.Digital asset trading is highly risky. Trading is continuous throughout the day with no limits on price fluctuations, leading to significant volatility.
3.Due to changes in national laws, regulations, and regulatory documents, digital asset transactions may be suspended or prohibited at any time.
Digital asset trading carries extremely high risks and is not suitable for most people. You understand that this investment may result in partial or total loss, so you should invest only what you can afford to lose. Please confirm that you understand that digital assets generate derivative risks. In addition to the risks mentioned above, there are also unpredictable risks. Before making any decision to buy or sell digital assets, you should carefully consider and use your judgment to evaluate your financial situation and the risks involved, and bear all losses that may arise. We are not responsible for any such losses.
1.General Principles
1.1 Prior to utilizing the services offered by this website, it is imperative that you carefully review this agreement. Should you find any aspect unclear or necessitate legal advice, it is recommended to consult with a professional lawyer. If you do not agree with the terms of this agreement or any modifications made to it at any time, kindly refrain from using the services provided by this website and refrain from logging into the platform. By logging in, utilizing any services, or engaging in similar activities on this website, you acknowledge your full understanding and agreement with the contents of this agreement, including any amendments made by the website from time to time.
1.2 Upon becoming a user of this website, you will be provided with a user account and corresponding password. It is the user’s responsibility to safeguard their account and password, with the user being legally liable for all activities conducted under their account.
1.3 Users can be obtained by providing the requisite information in accordance with the website’s requirements and completing the necessary procedures (hereinafter referred to as “users”). By clicking the “Agree” button during the registration process, you are electronically signing an agreement with the company. Similarly, clicking any button labeled “Agree” or similar terminology during the website’s usage or availing services in other permissible manners signifies your full understanding, agreement, and acceptance of all terms and conditions outlined in this agreement, without the necessity of a handwritten signature for legal binding.
1.3.1 Subject to all terms and conditions stipulated in this agreement.
1.3.2 You confirm that you have attained the legal age required to enter into a contract and possess the full capacity to accept these terms under the applicable laws in your jurisdiction.
1.3.3 You warrant that the digital assets involved in transactions are lawfully acquired and owned by you.
1.3.4 You agree to assume full responsibility for any gains or losses resulting from your trading or non-trading activities.
1.3.5 The information provided during registration is affirmed to be true and accurate.
1.3.6 You consent to comply with all relevant legal obligations, including the reporting of transaction profits for tax purposes.
1.3.7 This agreement governs the rights and obligations exclusively between you and us, and does not extend to legal relationships or disputes between users of this website and other platforms arising from digital asset transactions.
2.Amendment of Agreement
We reserve the right to amend this agreement periodically and make announcements on the website without separate notification to you. Any changes to the agreement will be clearly marked on the first page of this document along with the timestamp of the modification. These changes will take effect immediately upon publication on the website. It is your responsibility to regularly review the updates and modifications to this agreement, taking note of the time and content of such changes. If you do not agree with the amended terms, you should cease using the services provided by this website immediately. Continued use of this website’s services implies your acceptance and agreement to abide by the revised terms of the agreement.
3.Registration
3.1 Qualifications for Registration
You acknowledge and agree that, when completing the registration process or utilizing the services provided by this website in any other permissible manner, you must possess the legal capacity to enter into this agreement and use the website’s services as required by applicable laws, whether you are a natural person, legal entity, or other organization. By clicking the “Agree Registration” button, you or your authorized representative signify agreement with the terms of this agreement, and such representative shall register and utilize the services on your behalf. Failure to meet the aforementioned qualification requirements will result in you and your authorized representative bearing all associated consequences. The company reserves the right to cancel or permanently freeze your account and hold you and your authorized representative accountable.
3.2 Objectives of Registration
You confirm and undertake that your registration on this website is not intended to violate laws and regulations or disrupt the order of digital asset transactions on this platform.
3.3 Registration Process
3.3.1 You agree to provide a valid email address, mobile phone number, and any other required information as specified on the user registration page of this website. You may use the provided email address, mobile phone number, or other permitted methods to log in. Where necessary, in compliance with relevant laws and regulations in various jurisdictions, you must provide your real name, identity documents, and other required information as per the provisions of privacy and anti-money laundering laws, ensuring continuous updates to your registration details in a timely, accurate, and comprehensive manner. All originally provided information will be considered as part of your registration details. You are responsible for the authenticity, completeness, and accuracy of such information and shall bear any direct or indirect losses and adverse consequences arising therefrom.
3.3.2 If the laws, regulations, rules, or directives of your jurisdiction require mobile phone numbers to be registered under real names, you are obligated to provide a mobile phone number registered under your real name. Failure to comply will result in both direct and indirect losses and adverse consequences being borne by you.
3.3.3 You have provided the required registration information lawfully, completely, and accurately, and have undergone verification. You have the right to obtain an account and password for this website. Upon receipt of the account and password, your registration is deemed successful.
3.3.4 You consent to receiving emails and/or text messages related to the management and operation of this website.
4.Service
This website exclusively provides online trading platform services for your digital asset trading activities (including but not limited to digital asset trading services) through this platform. Please note that this website does not function as a buyer or seller in digital asset transactions.
4.1 Contents of Services
4.1.1 You have the privilege to access real-time market and transaction information for various digital asset products on this website, as well as the right to submit digital asset transaction instructions and complete transactions.
4.1.2 You are entitled to participate in website activities organized by this platform in accordance with the published rules.
4.1.3 This website pledges to provide additional services as required.
4.2 Rules of Services
You agree to adhere to the following service regulations of this website:
4.2.1 You shall comply with all laws, regulations, and policies, ensuring the legality of the source of all digital assets in your account. You shall refrain from engaging in any illegal activities or actions that may harm the rights and interests of this website or third parties, including the transmission or reception of illegal, irregular, or infringing information, unauthorized use or alteration of this website’s email header information, and other related activities.
4.2.2 You must abide by laws and regulations and maintain the security of your account and login password, fund password, registered mobile phone number, and corresponding verification codes. You are solely responsible for all activities conducted under your account and password, and must immediately notify the website of any unauthorized use or security breaches.
4.2.3 You acknowledge that you are solely responsible for all activities occurring under your account and password on this website.
4.2.4 You must not maliciously interfere with digital asset transactions or disrupt transaction order, nor interfere with the normal operation of the website or other users’ use of services through technical or other means. Additionally, you must not falsely discredit the reputation of this website.
4.2.5 In the event of disputes with other users arising from online transactions, you shall not request the website to provide relevant information unless through legal channels.
4.2.6 You are solely responsible for your tax obligations and all costs incurred in using the services provided by this website.
4.2.7 You agree to comply with this agreement and other terms of service and operating rules published and updated by this website, and reserve the right to terminate the use of the services provided by this website at any time.
4.3 Rules of Products
4.3.1 Rules of Products for Cryptocurrency Exchange
You agree to comply with the following trading rules when engaging in transactions with other users through this website:
4.3.1.1 Review Transaction Information
Carefully review all transaction details, including prices, quantities, fees, and directions, before proceeding with your transaction.
4.3.1.2 Submit an Order
Upon confirming transaction details, you may submit an order, authorizing the website to coordinate the transaction on your behalf.
4.3.1.3 Verify Transaction Details
After confirming transaction details, submit trading authorization, allowing the website to coordinate the transaction on your behalf.
4.3.1.4 Cancellation / Modification of Orders
You have the right to cancel or modify orders before the authorized transaction is completed.
5.Rights and Obligations of the Website
5.1 If you do not meet the registration qualifications outlined in this agreement, the website reserves the right to refuse your registration and may cancel your member account. The website also reserves the right to hold you or your authorized agent accountable. Additionally, the website retains the discretion to accept or reject your registration under any other circumstances.
5.2 In instances where the website identifies that the actual user of an account is not the original registrant, the website may suspend or terminate account usage.
5.3 The website has the authority to notify you to correct, update, suspend, or terminate services if it reasonably suspects that the information provided by you is incorrect, inaccurate, invalid, or incomplete, through technical testing, manual sampling, or other testing methods.
5.4 The website reserves the right to rectify any errors found on the website.
5.5 The website retains the right to modify, suspend, or terminate its services at any time. The website is not obligated to provide prior notice before exercising its right to modify or suspend services; termination of services becomes effective on the date of termination.
5.6 The website is responsible for implementing necessary technological and managerial measures to ensure the normal operation of the website and to provide a reliable trading environment and services to maintain the orderliness of digital asset trading.
5.7 The website guarantees the security of your digital assets through measures such as investing in technologies and enhancing security protection. The website is obligated to inform you of any foreseeable risks to your account.
5.8 The website has the right to request additional information from you in accordance with the requirements of laws, regulations, rules, orders, and other regulations of your jurisdiction. You are obligated to cooperate. If you are found to be in violation of the laws and regulations of your jurisdiction, the website may suspend or permanently terminate your access to the site and some or all of its services in accordance with applicable laws and regulations.
6.Responsibility Restrictions and Exemption
6.1 You acknowledge and agree that under no circumstances shall we be held responsible for loss of earnings, loss of transaction profits or contracts, business suspension, loss of expected cost savings, loss of information, loss of opportunities, reputation, or credit, damage or loss of data, costs associated with purchasing alternative products or services, or any indirect, special, or incidental loss or damage resulting from infringement (including negligence), breach of contract, or any other cause, whether or not such loss or damage could have been reasonably foreseen by us, and whether or not we were notified in advance of the possibility of such loss or damage.
6.2 You understand and agree that we are not liable to compensate for your losses in the following cases: if we reasonably believe your transaction may involve significant violations of laws or contracts, if we reasonably believe your actions on the website involve significant violations of laws or contracts, for costs and losses arising from purchasing or acquiring any data, information, or transactions through the website’s services or alternatives, for any misunderstanding of website services on your part, or for any other losses related to website services that are not incurred due to our actions.
6.3 We shall not be held responsible for any inability or delay caused by information network equipment maintenance, information network connection failures, computer, communication, or other system failures, power failures, weather reasons, accidents,strikes, labor disputes, riots, uprisings, insufficient productivity or production materials, fires, floods, storms, explosions, wars, government actions, judicial or administrative agency orders, acts beyond our control or beyond our control, or third-party reasons.
6.4 We cannot guarantee the complete safety of all information, programs, texts, etc., contained on this website from interference and damage by malicious programs such as viruses, Trojans, etc. Therefore, your decision to log in, use any service on this website, or download and use any programs and information from this website is at your own risk, and you bear any potential losses.
6.5 We make no guarantees or promises regarding any information, products, or businesses of third-party websites linked to this website or any other form of content not directly provided by us. Your decision to use such products, etc., is your own, and you are responsible for any resulting liabilities.
6.6 We do not provide any explicit or implicit guarantees for the services provided on this website, including but not limited to their suitability, absence of errors or omissions, continuity, accuracy, reliability, and suitability for a specific purpose. We also make no promises or guarantees regarding the validity, accuracy, correctness, reliability, quality, stability, completeness, and timeliness of the technology and information involved in the services provided on this website. Your decision to log in or use the services provided on this website is at your own risk, and you bear any potential losses. We do not make any explicit or implicit guarantees regarding the market, value, and price of digital assets. You understand that the digital asset market is unstable, and trading digital assets carries inherent risks and possible losses.
6.7 The guarantees and commitments outlined in this agreement represent our sole assurances and representations concerning this agreement and the services provided on this website, superseding any guarantees and commitments made through other means, whether written or oral. These warranties and representations represent our commitments and assurances and do not extend to any third party’s compliance with the guarantees and commitments in this agreement.
6.8 We do not waive any rights not mentioned in this Agreement to limit, waive, or offset our liability for damages to the maximum extent permitted by law.
6.9 Your registration signifies your agreement with any actions we take in accordance with the terms herein, and you assume all risks associated therewith.
7.Termination of the Agreement
7.1 The Website reserves the right to cancel your account on the Website in accordance with this Agreement, and such termination shall result in the termination of this Agreement.
7.2 The Website reserves the right to terminate all services of the Website in accordance with this Agreement, resulting in the termination of this Agreement.
7.3 Upon termination of this agreement, you relinquish any rights to request further services from this website or to demand the performance of any other obligations, including but not limited to the retention or disclosure of any information in your website account. Furthermore, you may not require the forwarding of any unread or unsent information to you or a third party.
7.4 Termination of this agreement does not absolve the defaulting party from other liabilities.
8.Intellectual Property Rights
8.1 All intellectual property contained within this website, including but not limited to website logos, databases, website design, text and graphics, software, photos, videos, music, sounds, and their compilation, related source code and software (including small application programs and scripts), are the intellectual property rights of this site. You are prohibited from reproducing, altering, copying, transmitting, or using any of the aforementioned materials or content for commercial purposes.
8.1 All intellectual property contained within this website, including but not limited to website logos, databases, website design, text and graphics, software, photos, videos, music, sounds, and their compilation, related source code and software (including small application programs and scripts), are the intellectual property rights of this site. You are prohibited from reproducing, altering, copying, transmitting, or using any of the aforementioned materials or content for commercial purposes.
8.2 All rights pertaining to the name of this website (including but not limited to goodwill and trademarks, logos) belong to the company.
8.3 By accepting this agreement, you are deemed to have voluntarily transferred any form of information copyright on this website, including but not limited to reproduction rights, distribution rights, rental rights, exhibition rights, performance rights, screening rights, broadcasting rights, network transmission rights, filming rights, adaptation rights, translation rights, compilation rights, and other transferable rights that should be enjoyed by the copyright owner, exclusively to this website without any compensation. This website reserves the right to file a lawsuit and obtain full compensation for any copyright infringement. This agreement is valid for any work protected by copyright law published on this website, whether formed before or after the signing of this agreement.
8.4 You are prohibited from illegally using or disposing of the intellectual property rights of this website or others while using the services of this website. You may not publish or authorize the use of information published on this website in any form by other websites (or media).
8.5 Your access to this website or use of any services provided by this website shall not be construed as a transfer of any intellectual property rights to you.
9.Effectiveness and Interpretation of the Agreement
9.1 This Agreement becomes effective upon your completion of the registration process, including clicking the button to agree to registration and acquiring an account and its password on the website. The terms are binding upon both the website and you.
9.2 The final interpretation of this Agreement rests with the website.