Terms of Service

Blubitex Disclaimer

It is your responsibility to determine what taxes duties or governmental fees apply to the payments you make or receive, and it is your responsibility to collect, report and remit the correct tax duties or governmental fees to the appropriate tax authority, regardless of jurisdiction.

Blubitex is not responsible for determining whether taxes duties or governmental fees apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction, to you or any taxation, governing or third authority.

Given the highly speculative nature of Bitcoins or other similar virtual commodities and their insufficient liquidity or volatile and opaque pricing, you should exercise extra caution when considering making transactions or investments with Bitcoins or other similar virtual commodities.

Bitcoins or similar virtual commodities carry a high level of risk, and may not be suitable for everyone. Before deciding on buying or selling these virtual commodities you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with virtual commodities and seek advice from an independent financial adviser, should you have any doubts. Furthermore, there may be risks that are not disclosed in our “Terms of use”. You should use extreme consideration and be conscious of assessing your financial situation and tolerance for risk before engaging in activities involving the trading of virtual commodities.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice.

Blubitex will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise direct or indirect use or reliance on such information.

When you buy or swap Bitcoins or other similar virtual commodity, it is stored in a ‘digital wallet’ on a computer, laptop or smartphone. Digital wallets may be subject to hacking or fraud. Also, if you lose the key or password to your digital wallet, your Bitcoins or other similar virtual commodity may be lost permanently.

Transactions in Bitcoins or other virtual commodities provide a high degree of anonymity and may be misused for criminal activities, including money laundering and terrorist financing. This misuse could affect you, as law enforcement agencies may decide to close exchange platforms and prevent you from accessing or using any funds, Bitcoins or virtual commodities that the platforms may be holding for you. There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.

Blubitex does not control the reliability or availability of the Internet, Blubitex cannot be responsible for communication failures, distortions or delays when trading via the Internet.

The content on this website is subject to change at any time without notice, Blubitex team has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through website.

Common Provisions

These Terms of Use contain an electronic agreement between you (hereinafter the “User”) and Blubitex, a company registered in The United States of America, (hereinafter the “Blubitex”) regulating the terms and conditions of the User's use of this website and all services, products, and content provided by Blubitex.

These Terms of Use contain important provisions, which the User must consider carefully and understand when choosing whether to visit the Site and use the services, products, and content of Blubitex. Please read these Terms of Use carefully before agreeing to them.

References in these Terms of Use to 'Blubitex', 'we', 'our' or 'us', are to the company Blubitex, including but not limited to, its employees, directors, officers, agents or other related parties, third parties, whose content is offered on this website and/or in Blubitex Software, depending on the context, and references to “User”, 'you' or 'your' are to the person with whom Blubitex enters into the electronic agreement unless otherwise provided herein.

The User is solely responsible for understanding and complying with any and all laws, rules, and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of any and all services, products, and content of Blubitex.

By signing up to use an account through Blubitex or any of our associated websites, APIs, or mobile applications (collectively the 'Blubitex Software') and/or by using Blubitex Software, you agree that you have read, understood, and accept all of the terms and conditions contained in these Terms of Use, as well as our Privacy Policy and our anti-money laundering policies and procedures. The User has to read and to understand the entire Terms of Use carefully before each using the Site and/or any of the Services provided by Blubitex.

IF THE USER DOES NOT ACCEPT AND/OR UNDERSTANDS THESE TERMS OF USE, THE USER SHALL NOT ACCESS THIS SITE AND SHALL NOT USE ANY OF BLUBITEX SOFTWARE, SERVICES, PRODUCTS, AND CONTENT.

You should be aware that the risk of loss in trading or holding Digital Currencies can be high. Digital currency services are not currently regulated in most countries (by financial authorities or any other regulator). You should therefore carefully consider whether trading or holding Digital Currencies is suitable for you in light of your financial condition and possible risks.

You should be aware that the risk of loss in trading or holding Digital Currencies can be high. Digital currency services are not currently regulated in most countries (by financial authorities or any other regulator). You should therefore carefully consider whether trading or holding Digital Currencies is suitable for you in light of your financial condition and possible risks.

Definitions

Terms used in these Terms of Use shall be interpreted in accordance with the definitions provided below: Account: means an account registered by the User on the Platform and/or on the Blubitex Software. "Base Currency" means the currency pair's first currency. Buyer: This means the User who makes an Order to buy Cryptocurrencies through the Platform (Blubitex Software) and/or the User whose Order is accepted by the Seller depending on the context. Commission: means a fee charged by or on behalf of any third party (e.g. bank, non-bank financial institution, payment service provider, etc). Cryptocurrency: means a peer-to-peer decentralized digital representation of value (bitcoins, ethers, etc.). Deposit: means a Transaction involving the transfer of Funds to the Account. External Wallet: means a Cryptocurrency or Fiat wallet that is not part of the Blubitex platform (Blubitex software) but which can be indicated on the Blubitex platform (Blubitex software). Fiat currency: means government-issued currency, which is regulated in its country of issuance through government regulation or the law. Fiat currency storage service: means Blubitex, which includes storing balances in Fiat currency on External Wallets of Users serving by the Holder. Order: means the User's offer on the Blubitex platform (Blubitex Software) to buy or sell Cryptocurrency on certain conditions. Platform: means an appropriate environment (including software) created by Blubitex that allows to trade Cryptocurrencies. Closing a position: Closing a position means either buying or selling of Cryptocurrency, which essentially results in a reduction of the client's open position. Closing a position means bringing a transaction to an end, incurring any related profits or losses as a result. Seller: This means the User who submits an Order to sell Cryptocurrencies through the Platform (Blubitex Software) and/or the User whose Order is accepted by the Buyer depending on the context. Services: means all and any service provided by Blubitex. Website or Site: means Blubitex website at http://blubitex.com/trade Storage service: means Blubitex, which includes storing balances (in Fiat currency and/or in Cryptocurrency) from the abandoned Accounts, no longer supported cryptocurrencies. Transaction fee: means a fee that is payable to Blubitexfor each completed Transaction. Transaction Price: means the total price paid by the User with respect to each Transaction performed via the Platform (Blubitex Software). Transaction: means (i) transfer of Cryptocurrencies or Fiat currencies by the User to his/her Account ("Deposit Transaction"), including transfer of Fiat currencies to External Wallet that is not part of the Blubitex platform (Blubitex Software) but which is indicated on the Blubitex platform (Blubitex software); (ii) transfer of Cryptocurrencies, or Fiat currencies among the Users ("Trading Transaction"), including transfer of Fiat currencies to External Wallet that is not part of the Blubitex platform (Blubitex Software) but which is indicated on the Blubitex platform (Blubitex software), (iii) withdrawal of Cryptocurrencies or Fiat currencies from his/her Account ("Withdrawal Transaction"). User: means a person or an entity that uses the Services, agrees to follow the Terms of Use, and is a holder of an Account. Voucher: means an alphanumeric redeemable code, which can be used to transfer Cryptocurrency or between Accounts. Withdrawal: means a Transaction involving a transfer of funds from the User's Account to his/her bank account or to an account opened in any other institution. Where the context so admits words denoting the singular shall include the plural and vice versa.

Our Services

The Services allow all Users of the Platform (with limitations mentioned in these Terms of Use) to trade Cryptocurrencies with other Users.

Depending on the User’s place of residence (and/or other legal facts), the User may not be able to use all the functions of the Site. It is the User’s responsibility to follow those rules and laws in his/her place of residence and/or place from which the User accesses this Site. The User must understand that the technical possibility to use the appropriate Services on the Platform (Blubitex Software) doesn’t mean that such the use is legal for him/her. The User is solely responsible for understanding and complying with any and all laws, rules, and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of any and all services, products, and content of Blubitex. The User acknowledges and agrees that, when completing Trading Transactions, he/she is trading with other Users, and that Blubitex acts only as a provider of technical services (the Platform and/or Blubitex Software) in such Transactions, not as the counterparty to any trade.

Crypto-to-crypto Trading

Upon completion of the registration and identity verification for your Blubitex Account, you may conduct Crypto-to-crypto Trading on Blubitex in accordance with the provisions of these Terms and Blubitex Platform Rules.

Orders

a.

Upon sending an instruction of using Blubitex Services for Crypto-to-crypto Trading (an “Order”), your account will be immediately updated to reflect the open Orders, and your Orders will be included in Blubitex’s order book to match other users’ Orders. If one of your Orders fully or partially matches another user’s Order, Blubitex will execute an exchange (a “Transaction”). Once the Transaction is executed, your account will be updated to reflect that the Order has been fully executed and closed, or the Order has been partially executed. The Order will remain incomplete until it is fully executed or canceled under paragraph (b) below. To conclude a Transaction, you authorize Blubitex to temporarily control the Digital Currencies involved in your Transaction.

Cancellation

b.

For Orders initiated through Blubitex Services, you may only cancel them before they have been matched with other Users’ Orders. Once your Order has been matched with another user’s Order, you may not change, revoke or cancel Blubitex’s authorization to complete the Order. For any partially matched Order, you may cancel the unmatched part of the Order unless such a portion has been matched. Blubitex reserves the right to reject any cancellation request related to the Order you have submitted. If your account does not have sufficient amount of Digital Currencies to execute an Order, Blubitex may cancel the entire Order, or execute part of the Order with the amount of Digital Currencies you have in your account (in each case, any Transaction related fees payable to Blubitex are deducted as stated in paragraph (c) below).

Fees

c.

You agree to pay Blubitex the fees specified in our trading fee table.Blubitex may, in its discretion, update the fees at any time. Any updated fees will apply to any sales or other Transactions that occur following the effective date of the updated fees. You authorize Blubitex to deduct from your account any applicable fees that you owe under these Terms.

Other types of crypto-to-crypto trading

d.

In addition to the Crypto-to-crypto Trading that allows users to directly place orders as mentioned in paragraph (a) above, Blubitex may, in its discretion, provide technical and platform services for other types of Crypto-to-crypto Trading under its separately formulated Blubitex Platform Rules, such as One Cancels the Other (OCO) and block trade.

Fiat Trading

Prior to conducting Fiat Trading, you must separate User Agreements with the various Blubitex partnered OTC platforms, and comply with the Legal Statement, Privacy Policy, P2P User Transaction Policyand other specific Blubitex Platform Rules related to Fiat Trading as well as the business rules of such partners, and open an account on such Blubitex OTC platforms, following the completion of the registration and identity verification for your Blubitex Account.

Futures Trading

Unless otherwise specified by Blubitex, to conduct Futures Trading, you must conclude with Blubitex a separate Blubitex Futures Service Agreement and open a special Collateral Account, following the completion of registration and identity verification for your Blubitex Account. You acknowledge and agree that:

a. You fully understand the high risks of Futures Trading, including but not limited to the risk of major fluctuations of Digital Assets in Futures Trading, and the risk of exacerbated adverse outcome when leverage is used;

b. Before performing Futures Trading, you have read and understood all the contents of the Blubitex Futures Service Agreement and the relevant Blubitex Platform Rules, and have consulted relevant professionals to make informed decisions on whether and how to complete Futures Trading according to their recommendations and your own reasonable judgment;

c. You agree and authorize Blubitex to take various reasonable measures in its discretion (including but not limited to forced liquidation and forced position reduction under specific circumstances) in accordance with the Blubitex Futures Service Agreement and the relevant Blubitex Platform Rules to protect the legitimate interests of you, Blubitex and other Users.

Margins Trading

Unless otherwise specified by Blubitex, prior to conducting Margins Trading, you must open a special Collateral Account and/or complete other related procedures, following the completion of registration and identity verification for your Blubitex Account.

Risks of Margin Trading Margins Trading is highly risky. As a leveraged trader, you acknowledge and agree that you access and use Margins Trading and borrowing services at your own risk, which include but are not limited to:

  • 1. The liquidity, market depth and dynamics of the trading market fluctuate violently and change rapidly. The use of leverage may work to your advantage or disadvantage, which may result in major gains or losses as the case may be.
  • 2. You are not eligible to receive forked currencies split from any blockchain assets in your Collateral Account, even if you have not engaged in any Margins Trading or borrowing at all.
  • 3. Loans carry risk, and the value of your blockchain assets may decline. If the value of your assets drops to a certain level, you are responsible for dealing with these market circumstances.
  • 4. In some market situations, you may find it difficult or impossible to liquidate a position. This may occur, for example, as a result of insufficient market liquidity or technical issues on Blubitex.
  • 5. Placing contingent Orders does not necessarily limit your losses to the expected amount, as market conditions may prevent you from executing such orders.
  • 6. Margins Trading does not have guaranteed measures against losses. As a borrower, you may suffer losses that exceed the amount you deposited into your Collateral Account.
  • To start Margins Trading:

  • 1. You represent and warrant that you are neither from the U.S. nor on any list of trade embargoes or economic sanctions, such as the Specially Designated National by OFAC (The Office of Foreign Assets Control of the U.S. Department of the Treasury).
  • 2. You should fully understand the risks associated with Margins Trading and Lending, and be fully responsible for any trading and non-trading activities under your Blubitex Account and Collateral Account. You should not engage in Transactions or invest in funds that are beyond your financial capacities;
  • 3. You are fully responsible for knowing the true status of any position, even if Blubitex may present it incorrectly at any time;
  • 4. You agree to keep enough Digital Assets in your Collateral Account, as required by Blubitex for Users’ engagement in Margins Trading, and promptly repay your loan in full. Failure to keep enough assets or to timely repay the outstanding loan may result in forced liquidation of the assets in your Collateral Account;
  • 5. Even if with the ability to forcefully liquidate any position, Blubitex cannot guarantee to stop losses. If your assets are insufficient to repay the outstanding loan after the liquidation of your position, you are still liable for any further shortfall of assets;
  • 6. Blubitex may take measures, in its discretion and on your behalf, to reduce your potential losses, including but not limited to, transferring assets from your Collateral Account into your Blubitex Account and/or vice versa;
  • 7. During Blubitex system maintenance, you agree to be fully responsible for managing your Collateral Account under risks, including but not limited to, closing positions and repaying your loan.
  • 8. You agree to conduct all Transactions, Margins Trading and/or borrowing on your own, and be fully responsible for your activities. Blubitex assumes no liability for any loss or damage caused by your use of any Blubitex services or your unawareness of the risks associated with the use of Digital Assets or with your use of Blubitex Services.
  • Lending Services

    Unless otherwise provided by Blubitex, to borrow currencies, you must conclude with Blubitex a separate Lending Services User Agreement and open a special Collateral Account and/or finish other relevant procedures, following the completion of registration and identity verification for your Blubitex Account. You understand and agree that:

    a. There are considerable risks involved in Lending Services, which include without limitation the risks of fluctuation of the borrowed Digital Assets’ value, derivative risks and technical risks. You shall carefully consider and exercise clear judgment to evaluate your financial situation and the aforesaid risks to make any decision on using Lending Services, and you shall be responsible for all losses arising therefrom;

    b. you shall cooperate to provide the information and materials related to identity verification and Lending Services as required by Blubitex, and be solely responsible for taking necessary security measures to protect the security of your Collateral Account and personal information;

    c. you shall carefully read relevant Blubitex Platform Rules before using Lending Services, and be aware of, understand and observe the specific information and rules regarding the operations of Lending Services, and you undertake that the use of the assets borrowed shall conform to requirements of these Terms and related laws and regulations;

    d. Blubitex has the full right to manage your Collateral Account and collateral during the period in which Lending Services are offered, and reserves the right, under the circumstances specified in the Lending Services User Agreement or these Terms, to implement various risk control measures, which include but are not limited to forced liquidation. Such steps may cause major losses to you and you shall be solely responsible for the outcomes of such measures;

    e. Blubitex has the right to temporarily or permanently prohibit you from using Lending Services when it deems it necessary or reasonable, and to the maximum extent permitted by law, without liability of any kind to you.

    Blubitex Savings Service

    Blubitex offers Blubitex Savings, a service to provide Users with value-added services for their idle Digital Assets. To use Blubitex Savings service, you must conclude with Blubitex a separate Blubitex Savings Service User Agreement and open a special Blubitex Savings service account, following the completion of registration and identity verification for your Blubitex Account. When using Blubitex Savings service, you should note that:

    a. Blubitex Savings assets will be used in cryptocurrency leveraged borrowing and other businesses.

    b. When you use Blubitex Savings service, you will unconditionally authorize Blubitex to distribute and grant the leveraged interest according to Blubitex Platform Rules.

    c. You shall abide by relevant laws and regulations to ensure that the sources of Digital Assets are legitimate and compliant when using Blubitex Savings service.

    d. When you use Blubitex Savings service, you should fully recognize the risks of investing in Digital Assets and operate cautiously.

    e. You agree that all investment operations conducted on Blubitex represent your true investment intentions and that unconditionally accept the potential risks and benefits of your investment decisions.

    f. Blubitex reserves the right to suspend or terminate Blubitex Savings service. If necessary, Blubitex can suspend and terminate Blubitex Savings service at any time.

    g. Due to network delay, computer system failures, and other force majeure, which may lead to delay, suspension, termination or deviation of execution of Blubitex Savings service, Blubitex will use reasonable effort to ensure but not promise that Blubitex Savings service execution system runs stably and effectively. Blubitex does not take any responsibility if the final execution fails to match your expectations due to the above factors.

    Lending Services

    Blubitex undertakes to provide the Services with the appropriate effort, due care, and in accordance with these Terms of Use. Blubitex’s responsibility shall be limited to using reasonable technical efforts to ensure the receipt of the cryptocurrency transferred. When initiating cryptocurrency transactions to a user who is not the Blubitex User, Blubitex responsibility shall be further limited to ensuring the transfer of the necessary technical data to the cryptocurrency network.

    To the extent permitted by law, Blubitex is not responsible for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered is caused by a breach of the Terms of Use by Blubitex.

    Blubitex has the right to suspend the User’s Account and block all and/or part of cryptocurrency contained therein in case of non-fulfillment or unduly fulfillment of the Terms of Use by the User. Blubitex is not responsible: - for the delay in the processing of payments made by the fault of any third parties, operators of such transactions. - for any malfunction, breakdown, delay or interruption of the Internet connection or any reason why our site is unavailable at any given time.

    In the case of fraud, Blubitex undertakes to report all the necessary information, including names, addresses, and all other requested information, to the relevant authorities dealing with fraud and breaches of the law. The Users recognize that their account may be frozen at any time at the request of any competent authority investigating a fraud or any other illegal activity.

    Nothing in these terms excludes or limits the responsibility of Blubitex for fraud, death or personal injury caused by their negligence, breach of the terms implied by operation of the law or any other liability which may not be limited or excluded by law.

    All buy and sell orders made on the Platform, will be managed in an anonymous manner so that Buyers and Sellers are not acquainted with each other. The Transaction Price is calculated on the basis of actual matched orders made by the Buyers and Sellers participating in the bidding process on the Platform combined with the applicable Transaction fees.

    Blubitex represents and warrants that once the orders to buy or sell Cryptocurrencies match, such orders may not be canceled or reversed. It holds all Cryptocurrencies acquired by each User in his/her Account and on the respective User's behalf.

    Blubitex does not provide any financial, investment, or legal advice in connection with the Services provided by Blubitex. Blubitex may provide information on the price, range, volatility of Cryptocurrencies and events that have affected the price of Cryptocurrencies and/or links to trading ideas of third parties (persons), but it should not be considered as an investment or financial advice and should not be construed as such. Any decision to buy or sell Cryptocurrencies is the User’s decision and Blubitex will not be liable for any loss suffered.

    The User’s Rights, Responsibilities and Warranties

    The User has the right to enter and/or use the Site and the Services, as long as he/she agrees to and actually complies with the Terms of Use. By using the Site, the User agrees to accept and comply with the terms and conditions stated herein.

    The User has to comply with any and all applicable laws and regulations related to the use of the Services.

    The User has to monitor all and any changes on his/her Account. The User has to inform Blubitex immediately about any unusual, suspicious, not sanctioned, abnormal changes on his/her Account. In case of late informing or non-informing the User will be liable for the breach of the Terms of Use and Blubitex will have the right to take any further steps accordingly, including but not limited to reporting to the relevant state or national authorities.

    The User agrees that, whenever the Transaction is made, the Platform sends and receives the cryptocurrencies to/from the Buyer’s and the Seller’s Accounts.

    The User has to inform Blubitex immediately of any unauthorized use of his/her Account or password, or any other breach of security by email addressed to address, mentioned on the Site. Any User who violates the mentioned rules may be terminated, and thereafter held liable for any losses incurred by Blubitex or any user of the Site. The User undertakes not to use the Service to perform criminal and/or illegal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking.

    The User is responsible for any and all damages caused, and all liability actions brought against Blubitex for infringement of any third-party rights or violation of any applicable laws. Nothing in the Terms of Use excludes or limits the liability of the User for fraud, penalties any other negative consequences, caused by their negligence, breach of the terms implied by operation of law, or any other liability which may not be limited or excluded by law.

    Users are solely responsible for determining whether any contemplated Transaction is appropriate for them based on their personal goals, financial status, and risk willingness.

    All added payment instruments to your Account, may it be a bank account, credit card, debit card, or others must be personalized and owned by the Account holder. Any attempt otherwise will (or can) be recognized as a fraud.

    By registering an Account, the User expressly represents and warrants that he/she: follows the rules and laws in his/her country of residence and/or country from which he /she accesses this Site and Services; has accepted these Terms of Use; is at least 18 years old and has the right to accept these Terms of Use and participate in transactions involving cryptocurrencies.

    The User represents and warrants that he/she will only use the Platform to perform Transactions in accordance with the conditions set forth in these Terms and that they are duly authorized and have the capacity to enter into the Transactions on the Platform.

    The User represents and warrants than he/she will withdraw any cryptocurrency from his/her Account only to his/her wallets, otherwise, Blubitex does not hold any liability for the consequences of such withdrawal. A mistake in requisite of the User’s wallet while transaction may cause the loss of appropriate currencies without any responsibility and/or coverage from Blubitex. The User represents and warrants that all Transactions being carried out do not violate the rights of any third party or applicable laws.

    The User understands that his personal data may be shared due to legal obligations etc. It may be used according to our Privacy policy.

    The User undertakes to pay all his/her taxes and duties, which can be resulted from the use of Blubitex Services and should be paid according to the User’s state of residence regulations. Blubitex is not responsible for any violation made by the User due to his/her obligation to calculate and pay taxes and duties. The User has to refrain from transactions on the Platform related to tax offenses and/or violations.

    Intellectual Property Rights

    All content on this Site is the property of Blubitex and is protected by copyright, patent, trademark, and any other applicable laws unless otherwise specified hereby.

    The trademarks, trade names, service marks, and logos of Blubitex and others used on the Site (hereinafter the “Trademarks”) are the property of Blubitex. The software, applications, text, images, graphics, data, prices, trades, charts, graphs, video, and audio materials used on this Site belong to Blubitex. The Trademarks and other content on the Site may not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected, or distributed in any form or by any means, no matter manual or automated. The use of any content from the Site on any other site or a networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, patent, trademark, and any other applicable laws and could result in criminal or civil penalties.

    Verification

    Identification and verification procedures (also known as 'Know Your Customer' or 'KYC') are required for all the Transactions. If the User refuses to provide required documents and information under KYC, Blubitex reserves the right to immediately terminate the Services provision to the User.

    The User undertakes to provide Blubitex with correct and relevant documents and personal information contained therein. In case the User provides counterfeit documents and false personal information, such behavior will be interpreted as a fraudulent activity.

    Account Maintenance

    The Site is for the User’s personal and non-commercial use only. Blubitex is vigilant in maintaining the security of the Site and the Service. By registering with Blubitex, the User agrees to provide Blubitex with actual (up to date), accurate and complete personal information as prompted by the registration process and to keep such information updated.

    The User is allowed to register only one Account on the Platform. Thus, any additional Account may be suspended. The User agrees that he/she will not use any Account other than their own or access the Account of any other User at any time, or assist others in obtaining unauthorized access.

    Blubitex reserves the right to recommend amount limits for the Account funding/withdrawal. Blubitex could recommend daily, monthly, and per one-transaction amount limits but is not obliged to do it.

    The User is responsible for maintaining the confidentiality of information on their Account, including, but not limited to their password, email, wallet address, wallet balance, and of all activities including Transactions made via their Account. If there is any suspicious activity related to the User’s Account, Blubitex may request additional information from the User, including authenticating documents and freeze the Account for the review time. The User is obligated to comply with these security requests or accept termination of their Account.

    Creation or use of the Accounts without obtaining prior permission from Blubitex will result in the immediate suspension of all respective Accounts, as well as all pending buy/sell orders. Any attempt to do so or to assist others (Users or other third parties), or distribution of instructions, software or tools for that purpose will result in termination of such Users’ Accounts. Termination is not an exclusive remedy for such a violation and Blubitex may decide to take further action against the User.

    n case if it has been more than six (6) months since the User signed in with his/her Account or made the Funds deposit, Blubitex has the right to qualify this Account as abandoned. In that case Storage fee will be applied to such an Account with ten (10) days prior email notification to the User. Blubitex will charge the Storage fee set forth herein. Abandoned Accounts with zero balances may be deactivated.

    Transactions

    The Platform allows the User to submit the Orders to buy or sell Cryptocurrencies.

    The User recognizes that the Order should only be submitted after careful consideration and the User understands and accepts consequences of its execution. The User agrees that as soon as the Order is executed, such a transaction is irreversible and may not be canceled. Transactions will be executed instantly upon the matching of the Buyer's and the Seller's Orders without prior notice to the Seller and the Buyer and will be considered to have taken place at the execution date and time.

    The User acknowledges and agrees that in case the destination tag is not specified, is incorrectly indicated(in particular XRP, XLM) or the reference number is incorrectly specified, the User may lose the deposit or at least the processing speed of such requests will be made with low priority.

    Minimum and maximum order amounts vary for each trading pair and can be seen on the Trade Page when placing an Order.

    The User acknowledges and agrees that Deposit and Withdrawal Transaction may be delayed due to some verifications and checks (performed by Blubitex or appropriate third parties). Similarly, and due to the inherent nature of the cryptocurrency networks, the User acknowledges and agrees that depositing and withdrawing Cryptocurrencies into/from their Account may take some time.

    Unverified users are not allowed to withdraw any Cryptocurrencies from their Account within ________hours after the Account was created.

    The User can use Vouchers to transfer Cryptocurrencies between the Accounts (if applicable on the Platform). The Voucher should be redeemed before its expiration date set by Blubitex. Blubitexshall not be liable and shall not accept any liability, obligation or responsibility whatsoever for any loss or damage arising from the User's use of the Vouchers purchased from any third parties or acquired in any other way. To avoid doubts, the User is solely responsible for ensuring that the Voucher they acquired is genuine and redeemable.

    In case if the User discovers transaction activity, including but not limited to unknown deposits and withdrawals, on their Account that was not initiated by the User, the User shall immediately notify Blubitex of this fact and follow the instructions sent by Blubitex. Otherwise, Blubitex reserves the right to freeze the Account until the end of the investigation.

    Blubitex may be forced to cancel or recall already executed Withdrawal Transaction at a request of financial institutions, including but not limited to banks, which are involved in settlement of such Transactions. In such cases, the User obliges to cooperate with Blubitex in order to discover the reasons for such request

    Blubitex reserves the right to set the minimal and/or maximal deposit amount for Cryptocurrencies held by the User on the Platform. If the amount is less and/or higher than specified, the funds will not be credited to the User's Account.

    Transaction and Storage Fee

    The User agrees to pay Blubitex the Transaction fee for each completed Transaction.

    Prior to trading, the User must consider the Transaction fee rates published on the Fee Schedule page. However, Blubitex reserves the right to change the Transaction fee rates from time to time publishing updates on the Fee Schedule page.

    The Transaction fee amount is automatically charged off in the currency indicated on the Platform after the relevant Transaction.

    The minimal transaction fee equals a minimal currency amount. The Transaction fee is charged with rounding in favor of the Platform. The rounding policy for cryptocurrencies varies depending on cryptocurrency.

    For the purpose of the processes optimization, transactions on the Platform with regard to some items (including, but not limited to currencies, cryptocurrencies, etc.) may not be indicated at the User’s Account and will appear as soon as a unit is whole in accordance with the rounding standards.

    Minimal and maximal price, as well as minimal and maximal order amount, vary for each trading pair and can be seen on the Trade Page when placing an order.

    For specific types of orders, the Transaction fee may differ from those published on the 'Fee Schedule' page. The transaction fee rate shall be disclosed before the order execution.

    The Transaction fee, other charges, as well as the charging procedure can be changed/reviewed unilaterally by Blubitex from time to time and such changes shall become effective the moment they are posted on the Site.

    The Storage fee may be charged by Blubitex for storing any cryptocurrency until assets are claimed back by the User or the Account goes to a zero balance. The Storage fee (if applicable) is set in the Fee Schedule page. The Storage fee is charged on a daily basis. Blubitex has the right to change the Storage fee unilaterally.

    Illegal Transactions

    Blubitex reserves the right to suspend or terminate your Blubitex Account at any time if we reasonably believe to be required to do so by the law or in order to comply with recommendations issued by a relevant government authority or recognized body for the prevention of financial crime.

    It is strictly forbidden to use the Account for any illegal purposes. Blubitex will report any suspicious activity to the relevant law enforcement.

    The User shall ensure that they do not use the Services for the transactions relating to: money laundering, terrorist financing, a proliferation of weapons of mass destruction; human trafficking; any goods or services that are illegal or the promotion, offer or marketing of which is illegal or that are offered in connection with illegal, obscene or pornographic content, depict children or minors in sexual postures, depict means of propaganda or signs of unconstitutional organizations glorifying war or violating human dignity; any goods or services, promotion, offer or marketing of which would violate copyrights, industrial property rights or other rights of any person; archeological findings; drugs, narcotics or hallucinogens; weapons of any kind; illegal gambling services; Ponzi, pyramid or any other “get rich quick” schemes; goods that are subject to any trade embargo; media that is harmful to minors and violates laws and, in particular, the provision in respect of the protection of minors; body parts or human remains; protected animals or protected plants; weapons or explosive materials; or any other illegal goods, services, or transactions.

    Account Security

    The User is responsible for maintaining the confidentiality of their Account’s credentials, including, but not limited to a password, email, wallet address, balance, and of all activity including Transactions made through the Account.

    Blubitex personnel will never ask the User to disclose their password. Any message the User receives or website that he/she visits that asks for the password, other than the Blubitex Site, should be reported to Blubitex. Before each use of the Website, the User has to check (ensure) that he is using a genuine website.

    We advise changing the User’s password regularly in order to reduce the risk of a security breach in relation to the Account. The User must never allow anyone to access his/her Account or watch the User accessing his/her Account. If the User has any security concerns concerning his/her Account, login details, (password or other security feature being lost, stolen, misappropriated, used without authorization or otherwise compromised), the User is advised to change the password immediately. The User must contact support service without undue delay in becoming aware of any loss, theft, misappropriation, or unauthorized use of the Account, login details, password, or other security features. Any undue delay in notifying Blubitex may not only affect the security of the Account but may result in the User being liable for any losses as a result. If the User suspects that someone else accessed his/her Account, the User should also contact an appropriate government agency and report the incident.

    The User must take reasonable care to ensure that his/her email account(s) are secure and only accessed by the User, as his/her email address may be used to reset passwords or to communicate with the User about the security of the Account. Blubitex cannot be liable for the breach of an email account resulting in an unauthorized Transaction to be executed with a proper confirmation. In case any of the e-mail addresses registered with the User’s Accounts are compromised, the User should without undue delay after becoming aware of this contact Support Service and also contact his/her email service provider.

    Irrespective of whether the User is using a public, a shared or his/her own computer to access the Account, the User must always ensure that his/her login details are not stored by the browser, cached or otherwise recorded. The User should never use any functionality that allows login details or passwords to be stored by the computer he/she is using.

    Additional products or services the User uses may have additional security requirements and the User must familiarize them with those as notified to him/her.

    We strictly recommend using additional authentication options of the Platform.

    Termination of the Terms of Service

    The User may terminate the Terms of Use and close their Account at any time, following the settlement of any pending transactions.

    The User also agrees that Blubitex may, by giving notice, at its sole discretion terminate his/her access to the Site and to his/her Account, including without limitation, our right to limit, suspend or terminate the service and the Users' Accounts, prohibit access to the Site and its content, services, and tools, delay or remove hosted content and take technical and legal steps to keep the User off the Site if we think that he/she or his/her activity/deeds linked to illegal activity, infringing the intellectual property rights of third parties or acting inconsistently with the letter or spirit of these Terms. Additionally, we may, in appropriate circumstances and at our discretion, suspend or terminate Account of User for any reason, including without limitation: (1) attempts to gain unauthorized access to the Site or another User's account or providing assistance to others' attempting to do so, (2) overcoming software security features limiting the use of or protecting any content, (3) usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) violations of these Terms of Use, (5) failure to pay or fraudulent payment for Transactions, (6) unexpected operational difficulties, or (7) upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by Blubitex, acting at its sole discretion.

    Blubitex also reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more and/or to modify or discontinue our Site or Service. The User agrees that Blubitex will not be liable to them or to any third party for termination of their Account or access to the Site.

    The suspension of the Account shall not affect the payment of the Transaction fees due for past Transactions. Upon termination, the User shall provide valid account details or cryptocurrency addresses to allow the transfer of any currencies deposited to his/her Account. Blubitex shall transfer the currencies as soon as possible following the User's request in the time frames specified by Blubitex. If an account is suspended because of the detection of illegal or criminal activity transfer may be delayed for the time necessary for an appropriate investigation of appropriate authorities.

    Services Availability

    All Services are provided “AS IS”, without guarantees of any kind, either expressed or implied.

    Blubitex will strive to keep the Site up and running; however, all online services suffer from occasional disruptions and outages and Blubitex is not liable for any disruption or loss the User may suffer as a result. Thus, Blubitex does not provide any guarantees that access to the Site will not be interrupted or that there will be no delays, failures, errors, omissions, or loss of transmitted information.

    Blubitex will use reasonable efforts to ensure that the User can normally access the Site in accordance with the Terms of Use. Blubitex may suspend the use of the Site for maintenance and will make reasonable efforts to give the User a notice. The User acknowledges that this may not be possible in an emergency.

    API

    In order to ensure the stability of the Platform API requests may be reasonably limited by Blubitex at our discretion. If this limit is exceeded, it may result in a ban for a reasonable time.

    Widgets and Mobile Applications

    Blubitex may provide widgets for the User’s use to put our data on the User’s Site. The User is free to use widgets in their original unmodified and unaltered state.

    Blubitex may provide mobile applications (“mobile apps”), which can be used to get access to the Account. The use of these mobile apps is subject to these Terms of Use.

    Notices and Communication

    Blubitex reserves the right to send notices to and communicate with the User by any means of communication available to Blubitex , considering the contact details provided by the User.

    The User expressly agrees to receive any notices in electronic form and to be bound by them, if so is required by the Terms of Use.

    The official information channel of Blubitex is the Website. The Website may contain links to other official information channels of Blubitex . Nevertheless, any recommendation and/or trade idea (even on the official channel of Blubitex ) don’t have a status of official recommendation and/or trade idea of Blubitex.

    anti-money laundering/KYC Policy

    Blubitex Anti-Money Laundering and Know Your Customer Policy (hereinafter - the “anti-money laundering/KYC Policy”) is designed to prevent and mitigate possible risks of Blubitex being involved in any kind of illegal activity. Both international and local regulations require Blubitex to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, a proliferation of weapons of mass destruction, corruption, and bribery and to take action in case of any form of suspicious activity from its Users. anti-money laundering/KYC Policy covers the following matters: Verification procedures. Compliance Officer. Monitoring Transactions. Risk Assessment.

    Verification procedures One of the international standards for preventing illegal activity is customer due diligence (“CDD”). According to CDD, Blubitex establishes its own verification procedures within the standards of anti-money laundering and “Know Your Customer” frameworks. Identity verification Blubitex identity verification procedure requires the User to provide Blubitex with reliable, independent source documents, data, or information (e.g., national ID, international passport, bank statement, utility bill). For such purposes, Blubitex reserves the right to collect User’s identification information for the anti-money laundering/KYC Policy purposes. Blubitexwill take steps to confirm the authenticity of documents and information provided by the Users. All legal methods for double-checking identification information will be used and Blubitex reserves the right to investigate certain Users who have been determined to be risky or suspicious. Blubitex reserves the right to verify User’s identity on an on-going basis, especially when their identification information has been changed or their activity seems to be suspicious (unusual for the particular User). In addition, Blubitex reserves the right to request up-to-date documents from the Users, even though they have passed identity verification in the past.

    User’s identification information will be collected, stored, shared, and protected strictly in accordance with the Blubitex Privacy Policy and related regulations. Once the User’s identity has been verified, Blubitex is able to remove itself from potential legal liability in a situation where its Services are used to conduct illegal activity.

    Compliance Officer The Compliance Officer is the person duly authorized by Blubitex, whose duty is to ensure the effective implementation and enforcement of the anti-money laundering/KYC Policy. It is the Compliance Officer’s responsibility to supervise all aspects of Blubitex’s anti-money laundering and counter-terrorist financing, including but not limited to:

    a. Collecting Users’ identification information.

    b. Establishing and updating internal policies and procedures for the completion, review, submission, and retention of all reports and records required under the applicable laws and regulations.

    c. Monitoring transactions and investigating any significant deviations from normal activity.

    d. Implementing a records management system for appropriate storage and retrieval of documents, files, forms, and logs.

    e. Updating risk assessment regularly.

    f. Providing law enforcement with information as required under the applicable laws and regulations. The Compliance Officer is entitled to interact with law enforcement, which is involved in the prevention of money laundering, terrorist financing, and other illegal activity.

    Monitoring Transactions

    The Users are known not only by verifying their identity (who they are) but, more importantly, by analyzing their transactional patterns (what they do). Therefore, Blubitex relies on data analysis as a risk-assessment and suspicion detection tool. Blubitex performs a variety of compliance-related tasks, including capturing data, filtering, record-keeping, investigation management, and reporting. System functionalities include:

    1) Daily check of Users against recognized “blacklists” (e.g. OFAC), aggregating transfers by multiple data points, placing Users on watch and service denial lists, opening cases for investigation where needed, sending internal communications and filling out statutory reports, if applicable;

    2) Case and document management. With regard to the anti-money laundering/KYC Policy, Blubitex will monitor all transactions and it reserves the right to: ensure that transactions of suspicious nature are reported to the proper law enforcement through the Compliance Officer; request the User to provide any additional information and documents in case of suspicious transactions; suspend or terminate User’s Account when Blubitex has reasonable suspicion that such User engaged in illegal activity.

    The above list is not exhaustive and the Compliance Officer will monitor Users’ transactions on a day-to-day basis in order to define whether such transactions are to be reported and treated as suspicious or are to be treated as bona fide.

    Risk Assessment

    Blubitex, in line with the international requirements, has adopted a risk-based approach to combating money laundering and terrorist financing. By adopting a risk-based approach, Blubitex is able to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate to the identified risks. This will allow resources to be allocated in the most efficient ways. The principle is that resources should be directed in accordance with priorities so that the greatest risks receive the highest attention.

    Governing Law and Dispute Resolution

    These Terms of Use shall be governed by and construed in accordance with the laws of The United States of America, unless otherwise expressly provided.

    All disputes arising out of or in connection with the present contract shall be finally settled by arbitration in accordance with the Rules of the Arbitration Court of the America Chamber of Commerce and Industry. The Parties shall attempt to resolve all disputes relating to these Terms of Use by negotiations. If the Parties fail to resolve the disputes relating to these Terms of Use through negotiations, the dispute shall be conclusively resolved in the Arbitration Court of the Chamber of Commerce and Industry of America in Tallinn (hereinafter: the Arbitration Court) in accordance with the Rules of the Arbitration Court. The dispute shall be resolved on the basis of the laws of America. The language of the Arbitration Court shall be America. The Arbitration Court shall consist of 3 (three) members. Each Party shall appoint one arbitrator within the time period prescribed by the Council of the Arbitration Court of the Chamber of Commerce and Industry of America. Each Party shall ask the arbitrator chosen by him to appoint a third arbitrator together with the arbitrator chosen by the other Party, who shall be the chairman of the Arbitration Court in the resolution of the dispute. If the arbitrators appointed by the Parties fail to choose a third arbitrator within the time period prescribed by the Council of the Arbitration Court of the Chamber of Commerce and Industry of America, the third arbitrator who shall also be the chairman of the Arbitration Court shall be appointed by the Council of the Arbitration Court of the Chamber of Commerce and Industry. If the Parties fail to form the Arbitration Court in accordance with the provisions of these Terms of Use and the Rules of the Arbitration Court, the Arbitration Court shall be formed by the Council of the Chamber of Commerce and Industry of America. The award of the Arbitration Court shall be final and binding upon the Parties.

    Limitation of Liability

    IN NO EVENT SHALL Blubitex, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ALL THIRD PARTY SERVICE PROVIDERS BE LIABLE TO THE USER OR ANY OTHER PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING ANY THAT MAY RESULT FROM (I) ACCURACY, COMPLETENESS OR CONTENT OF THIS SITE, (II) ACCURACY, COMPLETENESS OR CONTENT OF ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (III) THE SERVICES FOUND AT THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IV) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, (V) THIRD-PARTY CONDUCT OF ANY NATURE WHATSOEVER, (VI) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY AND ALL CONTENT, PERSONAL INFORMATION, FINANCIAL INFORMATION OR OTHER INFORMATION AND DATA STORED THEREIN, (VII) ANY INTERRUPTION OR CESSATION OF SERVICES TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (VIII) ANY VIRUSES, WORMS, BUGS, TROJAN HORSES OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IX) ANY USER CONTENT OR CONTENT THAT IS DEFAMATORY, HARASSING, ABUSIVE, HARMFUL TO MINORS OR ANY PROTECTED CLASS, PORNOGRAPHIC, “X-RATED”, OBSCENE OR OTHERWISE OBJECTIONABLE AND/ OR (X) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USER'S USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT OR ANY OTHER LEGAL OR EQUITABLE THEORY AND WHETHER OR NOT BLUBITEX IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THIS SITE OR THE SERVICES FOUND AT THIS SITE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE SUCH CAUSE OF ACTION SHALL BE PERMANENTLY BARRED. IN ADDITION, THE USER SPECIFICALLY ACKNOWLEDGE AND AGREE THAT IN NO EVENT SHALL BLUBITEX’S TOTAL AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT PAID BY THE USER FOR THE PARTICULAR SERVICES THAT ARE THE SUBJECT OF THE CAUSE OF ACTION. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW AND SHALL SURVIVE ANY TERMINATION OR EXPIRATION OF THESE TERMS OF USE OR THE USER'S USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE. Blubitex will not be liable for the Transactions, initiated by the User, below the prescribed limits.

    Indemnity

    The User agrees to protect, defend, indemnify and hold harmless Blubitex and its officers, directors, employees, agents and third-party service providers from and against any and all claims, demands, costs, expenses, losses, liabilities, and damages of every kind and nature (including, without limitation, reasonable attorneys’ fees) imposed upon or incurred by Blubitex directly or indirectly arising from (i) the User’s use of and access to this Site or the Services found at this Site; (ii) the User’s violation of any provision of the Terms of Use or the policies or agreements which are incorporated herein; and/or (iii) the User’s violation of any third-party right, including without limitation any intellectual property or other proprietary rights. The indemnification obligations under this section shall survive any termination or expiration of the Terms of Use or the User’s use of this Site or the Services found on this Site.

    Modifications and Amendments

    IN NO EVENT SHALL BLUBITEX, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ALL THIRD PARTY SERVICE PROVIDERS BE LIABLE TO THE USER OR ANY OTHER PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING ANY THAT MAY RESULT FROM (I) ACCURACY, COMPLETENESS OR CONTENT OF THIS SITE, (II) ACCURACY, COMPLETENESS OR CONTENT OF ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (III) THE SERVICES FOUND AT THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IV) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, (V) THIRD-PARTY CONDUCT OF ANY NATURE WHATSOEVER, (VI) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY AND ALL CONTENT, PERSONAL INFORMATION, FINANCIAL INFORMATION OR OTHER INFORMATION AND DATA STORED THEREIN, (VII) ANY INTERRUPTION OR CESSATION OF SERVICES TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (VIII) ANY VIRUSES, WORMS, BUGS, TROJAN HORSES OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IX) ANY USER CONTENT OR CONTENT THAT IS DEFAMATORY, HARASSING, ABUSIVE, HARMFUL TO MINORS OR ANY PROTECTED CLASS, PORNOGRAPHIC, “X-RATED”, OBSCENE OR OTHERWISE OBJECTIONABLE AND/ OR (X) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USER'S USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT OR ANY OTHER LEGAL OR EQUITABLE THEORY AND WHETHER OR NOT BLUBITEX IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THIS SITE OR THE SERVICES FOUND AT THIS SITE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE SUCH CAUSE OF ACTION SHALL BE PERMANENTLY BARRED. IN ADDITION, THE USER SPECIFICALLY ACKNOWLEDGE AND AGREE THAT IN NO EVENT SHALL BLUBITEX’S TOTAL AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT PAID BY THE USER FOR THE PARTICULAR SERVICES THAT ARE THE SUBJECT OF THE CAUSE OF ACTION. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW AND SHALL SURVIVE ANY TERMINATION OR EXPIRATION OF THESE TERMS OF USE OR THE USER'S USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE. BLUBITEX will not be liable for the Transactions, initiated by the User, below the prescribed limits.

    Indemnity

    The User agrees to protect, defend, indemnify and hold harmless Blubitex and its officers, directors, employees, agents and third-party service providers from and against any and all claims, demands, costs, expenses, losses, liabilities, and damages of every kind and nature (including, without limitation, reasonable attorneys’ fees) imposed upon or incurred by Blubitex directly or indirectly arising from (i) the User’s use of and access to this Site or the Services found at this Site; (ii) the User’s violation of any provision of the Terms of Use or the policies or agreements which are incorporated herein; and/or (iii) the User’s violation of any third-party right, including without limitation any intellectual property or other proprietary rights. The indemnification obligations under this section shall survive any termination or expiration of the Terms of Use or the User’s use of this Site or the Services found on this Site.

    Force Majeure

    If Blubitex is unable to perform the Services outlined in the Terms of Use due to the factors beyond its control including but not limited to the event of Force Majeure, change of law or change in sanctions policy, Blubitex will not have any responsibility to the User with respect to the Services provided hereunder and for a time period coincident with the event.

    Links to Third-Party Websites

    This Site and the Services found at this Site may contain links to third-party websites that are not owned or controlled by Blubitex. Blubitex assumes no responsibility for the content, terms, and conditions, privacy policies, or practices of any third-party websites. In addition, Blubitex does not censor or edit the content of any third-party websites. By using this Site or the Services found at this Site, you expressly release Blubitex from any and all liability arising from the User's use of any third-party website. Accordingly, Blubitex encourages the User to be aware when the User leaves this Site, or the Services found at this Site and to review the terms and conditions, privacy policies, and other governing documents of any other website that you may visit.

    Contact Us

    If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms and/or your use of the Site and the Service, your Account, or any other matter, please, contact us via email, mentioned on the Website.