Please read these Terms and Conditions ("Terms", "Terms and
Conditions") carefully before using
the www.btcbit.net website (the "Service"). Your access to and use of the Service is
conditioned on your acceptance of and compliance with these Terms. These Terms apply to all
visitors, users and others who access or use the Service. These Terms constitute a legally
binding contract between the Service and the Customer.
This is a contract between you and BTCBIT.NET (the "Service"). By signing up for an
account with the Service, you agree that you have read, understood and accepted the
Terms and are eligible for use of the Service based on your age and your location. In
order to use our Service, you must be at least 18 years old.
We do not provide Services to residents of the following countries:
Afghanistan, Algeria, Bahrain, Bangladesh, Bosnia and
Herzegovina, Crimea, Cuba, Ethiopia, Iran, Iraq, Iceland, Japan, Kuwait, Lebanon, Libya,
Nigeria, North Korea, Oman,
Pakistan, Palestine, Qatar, Saudi Arabia, South Sudan, Sudan, Syria, Uganda, Vanuatu, Yemen
and United States of America from the following states: New York (NY), Georgia (GA),
Connecticut (CT), New Mexico (NM), Washington (WA), Hawaii (HI).
We do not store your credit or debit card details. All transactions made using a credit
or debit card are processed by third-party service providers using top-level encryption
designed to safeguard your card details.
BTCBIT.NET provides you with a platform for buying and selling cryptocurrencies such as
Bitcoin, Ethereum, Litecoin and others.
Please be aware that cryptocurrencies are decentralised and as such are not regulated and
are subject to large fluctuations in value.
BTCBIT.NET charges a fee on every transaction.
The fees are as follows:
Processing fee: 4.5%
Service fee: 5%
Sell fee: 3%
0.0001 BTC / 0.005 ETH / 0.001 LTC / 0.00001 XRP / 0.0001 BCH / 0.0055 DASH / 0.005 ETC /
5. TRANSACTION PROCESSING
We strive to process all transactions within a 48-hour time frame. If you haven't
received your cryptocurrency after 48 hours, you may request to have your transaction
cancelled and your funds returned to you in full. Refunds normally take up to 24 hours
to process and are made to the same payment method used for the initial
6. ACCOUNT REGISTRATION AND VERIFICATION
6.1 ACCOUNT REGISTRATION
In order to use the Services, you will need to register a BTCBIT.NET Account by providing
your full name, a valid email address and password. We may, in our sole discretion,
refuse to open a BTCBIT.NET Account for you.
6.2 ACCOUNT VERIFICATION
You agree to provide us with the information we request for the purposes of identity
verification and the detection of money laundering, terrorist financing, fraud, or any
other financial crime and permit us to keep a record of such information. You will need
to complete certain verification procedures before you are permitted to use the Service.
The information we request may include certain personal information, including, but not
limited to, your name, address, telephone number, email address, proof of address, and
information regarding your bank account (such as the name of the bank and the sort
code). In providing us with this or any other information that may be required, you
confirm that the information is accurate and authentic. You agree to keep us updated if
any of the information you provide changes.
You authorise us to make the inquiries, whether directly or through third parties, that
we consider necessary to verify your identity or protect you and/or us against fraud or
other financial crime, and to take action we reasonably deem necessary based on the
results of such inquiries. When we carry out these inquiries, you acknowledge and agree
that your personal information may be disclosed to credit reference and fraud prevention
or financial crime agencies and that these agencies may respond to our inquiries in
We reserve the right, at our sole discretion, to modify or replace these Terms at any
time without prior notice.
8. LIMITATION OF LOSS
In no event shall we be liable for any of the following types of loss or damage arising
under or in connection with these Terms or otherwise:
- Any loss of profits or loss of expected revenue or gains, including any loss of
anticipated trading profits and / or any actual or hypothetical trading losses.
- Any loss of or damage to reputation or goodwill; any loss of business or opportunity,
customers or contracts; any loss or waste of overheads, management or other staff time;
or any other loss of revenue or actual or anticipated savings.
- Any loss of use of hardware, software or data and / or any corruption of data;
including but not limited to any losses or damages arising out of or relating to any
inaccuracy, defect or omission of digital currency price data; any error or delay in the
transmission of such data; and / or any interruption in any such data;
- Any loss or damage whatsoever which does not stem directly from our breach of these
Terms; and / or any loss or damage whatsoever which is in excess of that which was
caused as a direct result of our breach of these Terms (whether or not you are able to
prove such loss or damage).
- Any loss due to circumstance beyond our control such as war or the threat of war, a
change of political regime or other third-party actions.
9. ASSUMPTION OF RISK
- You accept and acknowledge the risks associated with the use of cryptocurrency wallets
including the risk of equipment failure; the risk of software malfunction; disruption of
internet access; the risk of spreading malware; and the risk of third parties gaining
unauthorized access to information stored in your cryptocurrency wallet. BTCBIT.NET will
be not be held responsible for any communication failures, errors or delays you may
- We will not be held responsible for any losses, damages or claims that may arise from
the use of corrupted wallets, mistyped wallet addresses, viruses or third-party
-While using the Service, you assume full responsibility for your wallet. Remember you
are responsible for protecting your wallet from unauthorised access and taking the
necessary steps to secure your private keys.
- In case of the return, all commission costs for electronic money transfer are withheld
from the funds received from the Customer.
- BTCBIT.NET calculates the amount of the Cryptocurrency at the rate fixed at the time of
receipt of funds from the client.
- BTCBIT.NET has the right to stop the sale of electronic currencies, as long as the user
does not provide their identity documents and will not set a user's identity.
10. THIRD PARTY SYSTEMS
The End User shall consent to the following provisions:
- BTCBIT.NET uses a third party services and such third party’s affiliates services which
enable you to place monetary deposits and perform transfer of payments within Partners
website by making use of your existing credit card (as and if available and applicable)
(the “Service” and the “Third Party Service Provider”). The Services do not include any
additional service, and such third party services do not include providing and/or
depositing the applicable Cryptocurrency at your account.
- BTCBIT.NET may share and transfer (including cross border transfer) Personal
Information with the Third Party Service Provider for the purpose of rendering the
Services which will be made to Partners website via the use of your credit card. The
Personal Information will be shared with the Third Party Service Provider after you
select to execute such monetary payments by using the Services of the Third Party
Service Provider. For the purpose of this section Personal Information shall include
information that identifies or may identify you, including the information submitted by
you through the registration form when you subscribe to the website such as your E-mail
address, password, country and city and/or information provided through social websites
or any other identifying information provided by you while using the services of our
- In addition, we may transfer any Non-Personal Information provided by you through your
use of the services on our website to the Third Party Service Provider in order to allow
the Third Party Service Provider to perform preliminary examinations of Non-personal
Information for the purpose of determining if you are qualified to use the services of
such Third Party Service Provider (including the history of your transactions on the
website which will be provided without any identifying information and solely for the
purpose of performing the preliminary examinations).
- By accepting these terms, you represent that any and all information you provide us is
true and accurate. Any false or fraudulent information and/or use of the services
rendered to you is prohibited.
- You are not obligated by law to provide Partner and/or the Third Party Service Provider
with any Personal Information. You hereby acknowledge and agree that you are providing
Partner and/or the Third Party Service Provider with Personal Information at his/her own
free will, for the purposes of rendering the Services.
11. DISPUTE RESOLUTION
Any disputes arising in connection with these Terms or relating in any way to the
relationship between the Service and the Customer will be resolved by means of
negotiation between the affected parties.
12. FORM OF THE AGREEMENT
The Customer and the BTCBIT.NET exchange place acknowledge that the digital form of this
Agreement is legally equal to the agreement executed in written form.
BTCBIT.NET Sp. z.o.o.
Ul. Transportowa 11, lok. 7