1. General provisions
This agreement (hereinafter referred to as the Agreement) describes the rules and conditions on the basis of which the services of the izibtc.net exchange service are provided and is an official written to individuals (hereinafter referred to as a public offer addressed to the User) to conclude an Agreement on the provision of services by the izibtc.net service on the conditions set out below. Before using the services of the izibtc.net service, the User is obliged to familiarize himself in full with the terms of the “Agreement for the provision of services by the izibtc.net service”. Using the services of the izibtc.net service is possible only if the User accepts all the terms of the Agreement. The current version of the Agreement is located for public access on the website of the izibtc.net service (www.izibtc.net).
2. Terms and definitions used in the Agreement
The izibtc.net service is a trademark and commercial designation of the system for providing Internet services for the exchange of electronic currencies.
Website of the Service – www.izibtc.net
User - any individual who wishes to use the services of the izibtc.net service and who has accepted the Agreement in accordance with its terms.
Payment system - a software product created by a third party, which is a mechanism for accounting for monetary and / or other obligations, paying for goods and services on the Internet, as well as organizing mutual settlements between its users.
Electronic currency is a monetary and / or other obligation between the developer of this currency and its user, expressed digitally.
Payment/operation - transfer of electronic and/or other currency from the payer to the recipient.
Payment system client - a person who has entered into an agreement with the relevant payment system for the acquisition of property rights of claim to it, measured in conventional units adopted in the relevant payment system.
Application - an expression of the User's intention to use one of the services offered by the izibtc.net Service by filling out an electronic form through the Service's website, on the terms described in the Agreement and specified in the parameters of this Application.
Source currency - an electronic currency that the User wants to sell or exchange.
Source Account - wallet number or any other designation of the User's account in the Payment System from which the Source Currency was sent.
Resulting Currency - an electronic currency that the User receives as a result of the sale or exchange of the Source Currency.
Resulting Account – wallet number or any other designation of the User's account in the Payment System, to which the Resulting Currency will be sent.
Currency reserve - available at the disposal of the izibtc.net Service, at the time of the creation of the Application, the amount of a certain Electronic currency.
Currency exchange - exchange of the electronic currency of one payment system for the electronic currency of another payment system.
Rate — the cost ratio of two electronic currencies during their exchange.
3. Subject of the Agreement
3.1 The subject of this Agreement is the provision of services for the exchange of electronic currencies to the User of the izibtc.net Service.
4. The procedure for the provision of services by the Service
4.1 Ordering the services of the izibtc.net Service is carried out by the User by sending an Application through the Internet site of the Service.
4.2 The management of the transaction process or obtaining information about the progress of the transaction by the User is carried out using the appropriate user interface located on the website of the Service.
4.3 The izibtc.net service executes Applications on an irrevocable basis in accordance with the terms of operation of the relevant payment systems.
4.4 The izibtc.net Service is not a party to the agreement between the Payment System and the Payment System Client and in no case is responsible for the actions of the Payment System and its Client. The rights and obligations of the payment system and its Client are governed by the terms of service of the respective Payment systems.
4.5 The izibtc.net Service does not require certification that the sender and recipient of the funds involved in the Operation are the same person, the izibtc.net Service is not a party in the relationship between the sender and recipient of funds or electronic currency.
4.6 Сервис izibtc.net не проверяет правомочность и законность владения Пользователем электронными валютами и/или денежными средствами, участвующими в конкретной Операции.
4.6 The izibtc.net service does not check the eligibility and legality of the User's possession of electronic currencies and / or funds involved in a particular Operation.
4.7 Using the services of the izibtc.net Service, the User confirms that he legally owns and disposes of the funds and electronic currency involved in the relevant Payment.
4.8 The User undertakes to independently calculate and pay all taxes required under the tax laws of the User's location.
4.9 Taking care of the quality of the services provided to the Users, the izibtc.net Service undertakes to perform all actions within the framework of this Agreement as quickly as possible.
4.10 If for any reason you want to cancel the exchange after payment, then in this case the refund is made at the current exchange rate minus 5% of the exchange amount, as well as all costs that the service will incur when making the return (payment system fees, change course, etc.)
5. Cost of services
5.1 The cost of the Service's services is set by the Service's management and published on the Service's website.
5.2 The Service has the right to independently change the exchange rates of electronic currencies and charged commissions at any time unilaterally, of which it notifies the Users of the Service by preliminary posting information about these changes on the website of the Service.
5.3 The Application created by the User on the website of the service indicates the Rate, the amount of commission charged by the relevant Payment system for the Operation, the amount of remuneration of the izibtc.net Service, as well as the total amount of transferred funds or electronic currency.
5.4 The izibtc.net service charges the cost of its remuneration at the time of the relevant Operation. The Service Fee is deducted from the amount of the Resulting Currency.
6. E-currency exchange
6.1 By filling out the Application, the User instructs, and the izibtc.net Service, on its own behalf and at the expense of the User, performs actions to exchange the Electronic Currency of one Payment System (Source Currency) for the Electronic Currency of another Payment System (Resulting Currency) selected by the User.
6.2 The User undertakes to transfer (transfer) the Source Currency in the amount specified in the Application, and the izibtc.net Service, after receiving the relevant Electronic Currency, undertakes to transfer (transfer) to the User the Resulting Currency calculated at the Rate and in accordance with the service tariffs.
6.3 The amount of remuneration of the izibtc.net Service is reflected in the Application and confirmed by the User on one of the pages of the user interface when making an application.
6.4 The obligation of the izibtc.net Service to transfer (transfer) the Electronic Currency to the User is considered fulfilled at the time the Electronic Currency is debited in the relevant Payment System from the account of the izibtc.net Service, which is recorded in the transaction history of the relevant Payment System.
6.5 The service allocates a certain number of minutes to pay for the transaction in fiat currencies. If the system does not fix the payment within the allotted time, the transaction will be canceled automatically. If the payment was made after the expiration of the time for the transaction, the user should contact the service support to restore the transaction and complete the exchange. In this case, the rate will be fixed after the transaction is restored.
6.6 For operations in directions where the user sends cryptocurrency to the address of the exchange service, izibtc.net allocates a certain number of minutes, depending on the currency. The rate is fixed for the duration of the transaction. If the transaction was not recorded in the blockchain within the time allotted for the transaction, the exchange will be canceled. If the required number of network confirmations is not received within the time allotted for the transaction, the rate will be fixed after receiving this number of confirmations. The exchange will be performed automatically after the transaction sent by the user reaches the required number of confirmations in the blockchain. If the coins were sent, but the transaction was canceled, it will be restored automatically after the transaction appears on the network, and paid after it reaches the required number of network confirmations.
6.7 The izibtc.net Service has the right to suspend the operation and withhold the User's funds in order to prevent fraudulent and other actions that may cause financial and reputational losses for the Service or the User.
6.8 The izibtc.net service has the right to set financial and quantitative limits on Operations. Information about the limits is indicated on the website of the Service.
6.9 Transfers that are not claimed within 30 calendar days are considered by the Service as irrevocable.
6.10 In the event that the User receives electronic or fiat currency from the Service in an amount different from that specified in the Application, the Service considers this as an instruction from the User to recalculate the application according to the amount of electronic or fiat currency actually received. If the amount of the received electronic asset or funds differs from the one declared by the User by more than 10%, the Service may unilaterally cancel the Application and return the received funds to the payer's details. When making a return, all commission expenses for the transfer of funds are made from the funds received at the expense of the User.
7. Entry into force of the Agreement
7.1 This Agreement is considered concluded on the terms of a public offer accepted by the User during the submission of the Application.
7.2 The information displayed by the izibtc.net Service about the parameters and conditions of the Application is recognized as a public offer.
7.3 Acceptance of a public offer is the User's actions to complete the formation of the Application, confirming his intention to use the services of the izibtc.net Service on the terms described in this Agreement and specified in the Application.
7.4 The date and time of acceptance, as well as the parameters of the conditions of the Application are fixed by the izibtc.net Service automatically at the time the formation of the application is completed.
7.5 The Agreement shall enter into force upon completion of the formation of the Application by the User. The User has the right to refuse to perform an operation on the Application before payment for the Operation.
8. Responsibility of the Parties
8.1 The izibtc.net service is liable to the User in an amount not exceeding the amount of money or electronic currency entrusted by the User.
8.2 The izibtc.net Service is not responsible for malfunctions, errors and failures in the operation of software and / or hardware that ensure the functioning of the izibtc.net Service services that arose for reasons beyond the control of the izibtc.net Service, as well as the User’s related losses.
8.3 The izibtc.net service provides services only for the exchange, purchase and sale of electronic currencies. izibtc.net in no way accepts payment in favor of any third parties, and also prohibits the exchange for wallets / accounts that do not belong to the user. izibtc.net does not enter into any partnerships, does not enter into any agreements with recipients of payments for its goods or services, but is categorically against such relationships. izibtc.net cannot be used as an intermediate service for mutual settlements between the buyer and the seller (customer and contractor, etc.).
8.4 The izibtc.net Service is not responsible for the User's losses resulting from illegal actions of third parties.
8.5 The User bears full responsibility for the accuracy of the information specified by him when filling out the Application. If the User did not specify or incorrectly indicated the data, the izibtc.net Service is not responsible for the User's losses incurred as a result of the error.
8.6 Information on the Operation is stored in the database of the service and is the primary source that the Parties to the agreement are guided by in disputable situations.
8.7 The Parties are released from liability for full or partial failure to fulfill their obligations under the Agreement, if such was the result of force majeure circumstances that arose after the entry into force of the Agreement, as a result of extraordinary events that could not be foreseen and prevented by reasonable measures.
9.1 The izibtc.net Service has the right to unilaterally make changes to the Agreements by publishing the changes on the System Website. Changes come into force from the moment of publication, unless another date for the entry into force of changes is additionally determined when they are published.
9.2 The izibtc.net service has the right to refuse the user in filling out an application without explaining the reasons for the refusal.
9.3 The izibtc.net service has the right, in case of suspicious actions in the process of filling out an application by the user, in order to avoid damage from Hacker attacks, to suspend such operations until the reasons for these actions are clarified.
9.4 The izibtc.net service has the right to refuse to perform the operation of exchanging, buying and selling electronic currencies if the transfer of the Source currency to the service account was made without placing an application using the user interfaces on the service website. The electronic currency transferred to the accounts of the service, without filling out an application using the user interfaces on the website of the service, can be returned to the user upon request, taking into account the deduction of the commission of the Payment system, if any.
9.5 In order to counter the legalization (laundering) of proceeds from crime and the financing of terrorism, the izibtc.net service organizes AML checks of transactions during each exchange operation.
9.6 If the AML check of the address provided by the client shows a significant risk or the specified sender service is in the list of undesirable resources, the izibtc.net service has the right to refuse to continue working with the client.
9.7 If your transaction is identified as high-risk, the exchange office may suspend the exchange operation until verification is carried out in accordance with the FATF recommendations.
9.8 When financial transactions are suspended in accordance with clause 9.7, the izibtc.net service, observing the legal norms and laws of the country in whose jurisdiction it operates, has the right to request identity verification with the presentation of identity documents and confirming the origin of funds.
9.9 The Service has the right to block and not return funds to the User until his identity is verified.
9.10 The return of funds to the client takes place within two calendar days from the moment the funds are received and with the deduction of the commission specified in clause 4.10 of these rules.
9.11 The izibtc.net service has the right to send the User information about the status of the exchange process to the specified e-mail, because this is an integral part of the successful completion of the exchange.
The User confirms that he is familiar with all the provisions of this Agreement and unconditionally accepts them.