Terms Of Service
Acceptance of Terms Of Service
The Service allows buyers (“Buyers”) to buy the Internet currency known as “Bitcoins” (see http://bitcoin.org).
The Service allows all registered users of the Service (“Members”) to purchase digital currencies.
Depending on Your state of residence, You may not be able to use all the functionalities of the Site. It is your responsibility to follow the rules and laws in Your state of residence and/or state from which You access this Site and Services.
By opening an account to use the Service (“Account”), You expressly represent and warrant :
- You have accepted these Terms; and
- You are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction involving Bitcoins.
The trading of goods and products, real or virtual, as well as virtual currencies involves significant risks. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency – virtual or not – may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.
Bitcoin trading also presents special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, Bitcoin is a unique kind of “fiat” currency, backed by technology and trust. There is no central bank that can take corrective measure to protect the value of Bitcoins in a crisis or issue more currency.
Instead, Bitcoin is an as-yet autonomous and largely unregulated worldwide system of currency firms and individuals. Traders put their trust in a digital, decentralized and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
Bitcoin trading is probably susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in Bitcoin because of unexpected changes imposed by the software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Bitcoins.
We use our banking providers in order to receive client moneys and make payments. Our banking providers DO NOT transfer Bitcoins, exchange Bitcoins, or provide any services in connection with Bitcoins.
WE DO NOT GUARANTEE ANY PROFIT FROM TRADING OR ANY OTHER ACTIVITY ASSOCIATED WITH THE WEBSITE.
Maintaining Your Account: Our Rules
This Site is for Your personal and non-commercial use only. We are vigilant in maintaining the security of our Site and the Service. By registering with us, You agree to provide us with current, accurate, and complete information about Yourself as prompted by the registration process, and to keep such information updated. You further agree that You will not use any Account other than Your own, or access the Account of any other Member at any time, or assist others in obtaining unauthorized access.
The creation or use of Accounts without obtaining our prior express permission will result in the immediate suspension of all said Accounts, as well as all pending purchase/sale offers. Any attempt to do so or to assist others (Members or otherwise), or the distribution of instructions, software or tools for that purpose, will result in the Accounts of such Members being terminated. Termination is not the exclusive remedy for such a violation, and we may elect to take further action against You.
You also are responsible for maintaining the confidentiality of Your Account information, including your password, safeguarding your own Bitcoin, and for all activity including Transactions that are posted to Your Account. If there is suspicious activity related to your Account, we may, but are not obligated, to request additional information from You, including authenticating documents, and to freeze any transactions pending our review. You are obligated to comply with these security requests, or accept termination of Your Account. You are required to notify us immediately of any unauthorized use of Your Account or password, or any other breach of security by email addressed to [email@example.com] . Any Member who violates these rules may be terminated, and thereafter held liable for losses incurred by us or any user of the Site.
You agree to receive transactional emails and texts from us . Such emails will be stopped upon your request using the "unsubscribe" option presented in any such email, or reply by STOP to our texts, when applicable.
Finally, You agree that You will not use the Service to perform criminal activity of any sort, including but not limited to, money laundering, gambling operations, terrorist financing, or malicious hacking.
You may terminate this agreement with us, and close your Account at any time, following settlement of any pending transactions.
Due to the nature of the product the website sells, all purchases made on the website are non-refundable.
All services are provided without warranty of any kind, either express or implied. We do not represent that this Site will be available at all time to meet your needs. We will strive to provide You with the Service as soon as possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
Limitation Of Liability
We shall not be held responsible for any damge, financial or other, in any case of a breach or a compromise on the Member's end that will lead to such damage.
When using the Website's services, Members are fully responsible to comply with all laws and regulations applying in the jurisdiction they reside in.
External Web Sites
We makes no representations whatsoever about any other Site which you may access through this Site. The Site may provide links or other forms of reference to other websites (“External Web Sites”) or Resources over which we do not have control (“External Web Sites”). In such case you acknowledge that we are providing these links or references to you only as a convenience. We are not responsible for the availability of, and content provided on, third party Sites. You are requested to review the policies posted by other Sites regarding privacy and other topics before use. We are not responsible for third party content accessible through the Site, including opinions, advice, statements, prices, activities and advertisements, and you shall bear all risks associated with the use of such content. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
Our business model and our Service consists of facilitating the buying, selling and trading of Bitcoins and their use to purchase goods in an unregulated, international open payment system.
Modification And Termination Of Services
Although, in principle, the duration of this site is undetermined, we reserve the right to modify, suspend or terminate the provision of its services or content, in whole or in part, at any time and without notice to users.
- Change of prices without prior notice
- Deny sale to clients accessing the service using anonymity tools, IP hiding and all those that hide identification and/or origin
- Deny the sale to customers who do not demonstrate a minimum of trust, this trust based in implementing algorithms on the data provided by the client.
- Close the sale temporarily or permanently without notice
Limited Anti Money Laundering (“AML”) and Counter Terrorist Financing (“CTF”) Policy
Money laundering is defined as the process where the identity of the proceeds of crime are so disguised that it gives the appearance of legitimate income. Criminals specifically target financial services firms through which they attempt to launder criminal proceeds without the firm’s knowledge or suspicions.
We are currently unregulated and do not fall with the scope of the AML obligations, the senior management have implemented systems and procedures that meet the AML legislation. This decision reflects the senior managements desire to prevent money laundering and not be used by criminals to launder proceeds of crime.
Product and Service Delivery
buysomebitcoins.com is dedicated to provide the fastest service to buy bitcoin, and we built our app to deliver the product instantly to our customers.
Be informed that in some rare cases, the administrator may review flagged transactions, and temporary lock the bitcoins during the verification process.
A maximum of 12 hours is the time allocated to our administrator for manual reviews, if the verification fails or the customer go idle, the transaction will be cancelled and the payment will be refunded.