Welcome to the BITFOLIEX EXCHANGE website.

Terms of Use of Bitfoliex Exchange

By using and accessing the BITFOLIEX EXCHANGE website (hereinafter “website”) you agree to be bound by the following Terms and Conditions, further acknowledging that this website is eminently private property.

1. DESCRIPTION OF THE WEBSITE

The BITFOLIEX EXCHANGE website initially corresponds to a functional web page intended to offer Exchange service or online exchange of Crypto-assets between people. The services provided on this website allow Registered Users and duly authorized after going through the rigorous verifications required by BITFOLIEX EXCHANGE, to sell or buy digital assets based on Blockchain technology.

In other words, BITFOLIEX EXCHANGE works as a meeting point between those people who want to buy Crypto assets, on the one hand, and on the other hand people who own Crypto assets and want to sell or exchange them, additionally they will be able to carry out exchange operations between Crypto assets and local currency , as long as this service is enabled in your locality.

The user who wishes to sell the Crypto assets must deposit their digital assets to the Wallets that are opened for this purpose in the sites defined by BITFOLIEX EXCHANGE, which have a guarded security in the search to prevent any type of loss. In the event that exchange operations between crypto assets and local currency are allowed in your locality, the party that wishes to buy crypto assets agrees to deposit the local money in custody in our bank accounts while the transaction is made. Users acknowledge that the services provided by BITFOLIEX EXCHANGE will have a fixed variety of Cryptoactive, which may be expanded at the time rate until they have the greatest possibility of options so that the User does not incur unnecessary expenses to acquire their favorite Cryptoactive.

Unless otherwise specified, the Websites of BITFOLIEX EXCHANGE, its affiliates and subsidiaries are for your personal use. The user may not modify, copy, distribute, transmit, display, reproduce, publish, license, create derivative works, transfer or sell any information obtained from any of the BITFOLIEX EXCHANGE Websites. If you breach any of these Terms, your authorization to use this Site will automatically end and you must immediately destroy any downloaded or printed material.

What is established in the previous paragraph will be applicable and will be extended to all those third party Websites with which BITFOLIEX EXCHANGE maintains commercial agreements.

2. ACCEPTING THE TERMS AND CONDITIONS

The following Terms of Use (hereinafter, the "Terms") establish the legal terms and conditions in which BITFOLIEX Exchange allows you to access and use the website. By accessing, browsing or using the website, you acknowledge that you have read and understood these Terms and agree to be bound by them and to comply with all applicable laws and regulations. You guarantee that you have the legal capacity to enter these Terms. If you do not agree to these Terms, you must immediately refrain from accessing and / or using the website.

Please read these terms of use carefully. By requesting user creation and accepting our terms and conditions of use, you agree to be legally bound by these terms of use, our policy against money laundering, data protection policy, policy against the financing of terrorism and all those rules Collateral for the provision of the services developed by BITFOLIEX EXCHANGE.

BITFOLIEX EXCHANGE reserves the right to make changes to these Terms, in its sole discretion. Your continued use of the website after such changes, with or without explicitly accepting the new Terms, will constitute your consent to such changes. If you do not agree to such changes, you have no right to obtain information or access the website and you must immediately stop using it. You are responsible for periodically verifying these Terms in their current version from time to time, an updated version from which can be retrieved at any time on the website.

3. PRIVACY

By using the website, you agree that BITFOLIEX EXCHANGE may collect, process and use your personal data in accordance with the Privacy Policy, the terms of which are incorporated by reference in these Terms.

4. WEBSITE USE

BITFOLIEX EXCHANGE grants you a worldwide limited, non-exclusive, non-transferable and revocable license to use the website and its content for your personal, non-commercial use and to display the content of the website exclusively on your computer on the screen or on other devices. (such as smartphones or tablets), subject to compliance with these Terms and our policies. All other uses are prohibited without the prior written consent of BITFOLIEX EXCHANGE.

Unless BITFOLIEX EXCHANGE permits the use of BITFOLIEX EXCHANGE software, content, virtual items, or other proprietary or licensed materials ("Software and Content"), BITFOLIEX EXCHANGE grants you a non-exclusive, non-transferable, revocable contract to access and use the Software and Content solely for personal and non-commercial purposes, subject to your compliance with these Terms.

User will not use, copy, adapt, modify, decompile, reverse engineer, disassemble, decrypt, attempt to derive source code from, prepare based derivative works, distribute, license, sell, rent, transfer, publicly display, publicly perform, transmit, transmit, broadcast or exploit the Software and Content, except as expressly permitted by BITFOLIEX EXCHANGE and applicable regulations.

Any unauthorized use of the Software and Content is strictly prohibited and will terminate the license granted in these Terms. No licenses or rights are granted to you by implication or otherwise, except for licenses and rights expressly granted to you.

5. ACCEPTABLE USE

By accessing or using the website, you agree that you will not: (a) access or use the website in any way that may interfere, interrupt, negatively affect or inhibit anyone who fully enjoys the website, including, but not limited to, Defamatory, harassing, threatening, intolerant, hateful, vulgar, obscene, pornographic, or offensive conduct or content; (b) damage, disable, overload or damage the functionality of the website in any way; (c) accessing or using the website for any illegal or unauthorized purpose or participating in, encouraging or promoting any illegal activity, or any activity that violates these Terms or any other term or policy provided in relation to the website; (d) modify, adapt, hack or emulate the website; (e) use any robot, spider, tracker, scraper or other automated means or interface that we have not provided or authorized by us to access the website or to extract data or information from the website; (f) bypass or attempt to bypass any filtering, security measures or other features designed to protect the website or third parties; and (g) infringe or violate the rights of BITFOLIEX EXCHANGE, our users or any third party.

You have the right to use the website only in accordance with the laws of your country of residence and the country from which you access this website. You can only make legal use of this website and any illegal or inappropriate use of the website is prohibited.

In particular, you agree not to do any of the following in connection with your use of the website:

to. Distribute or publish spam, unsolicited or massive electronic communications, pyramid chains or tactics through the website;

b. Upload, post, transmit, distribute or otherwise make available through the website any material that contains software viruses or any other computer code, files, Trojan horses or programs designed to interrupt, destroy or limit functionality of any computer software or hardware or telecommunications equipment or any other technology that could damage the website or the interests or property of the visitors or users of the BITFOLIEX EXCHANGE website;

c. Copy, modify or distribute rights or content of the website, including photos or videos, in any way;

d. Use any content or information on the website to compete with BITFOLIEX EXCHANGE; and commercialize any code (object or source code) or any information or software associated or available on the website;

F. Upload, publish, transmit, distribute, store or otherwise make public on the website any personal information of users or third parties without the prior explicit consent of the person;

g. Use the website in such a way that, in the sole judgment of BITFOLIEX EXCHANGE, it is objectionable, illegal, inappropriate or restricts or inhibits any other person from using the website, or may harm or hold BITFOLIEX EXCHANGE or its users liable, including any pornography Threatening, abusive or discriminatory content.

h. Facilitate or help another person to do any of the above acts.

6. ELEGIBILITY

The user must meet certain eligibility criteria to use BITFOLIEX EXCHANGE. You must be of legal age and there are certain locations from which you will not be able to use some of our services.

Also, there are certain things you cannot do when you use BITFOLIEX EXCHANGE, such as participating in illegal activities, declaring false information or omitting relevant information, or performing any act that causes harm to our services or systems or third parties.

7. TERMINATION

BITFOLIEX EXCHANGE may block, cancel or suspend your ability to use or access the website, in whole or in part, without prior notice and at any time, in the sole discretion of BITFOLIEX EXCHANGE, as well as closing or interrupting the website.

BITFOLIEX EXCHANGE reserves the right to terminate your right of access and use of the website if you violate these Terms or any of the other terms, laws or policies referred to in this document, or if you otherwise create risks or a possible legal exposure for us, or that insufficient information is provided to correctly identify the user, such as: real name, address, telephone number, legal identification card, passport or more.

8. AVAILABILITY

The website and content may not be available in all territories and jurisdictions, and we may restrict or prohibit the use of all or part of the website and content in certain territories and jurisdictions.

9. COMMERCIAL RISKS

BITFOLIEX EXCHANGE will not be responsible for the participation of its users in operations applied to the services provided, which may be risky. Please do not use BITFOLIEX EXCHANGE or any of the options incorporated within the website if you do not understand or accept these risks.

10. NETWORK FEES

Your network provider may charge you for data services or any other third party charges that may arise when using the website and you accept responsibility for such charges. If you are not the one paying the bills, we will assume that you have received permission from that person.

11. INTELECTUAL PROPERTY RIGHTS

Intellectual property rights must be understood as any copyright, patent, registered design, design rights, database rights, trademarks, trade secrets, any other industrial property rights, registered or unregistered.

The website is the private and exclusive property of BITFOLIEX CRYPTO PROTOCOL is protected by international intellectual property rights. It will not remove, alter, or hide any copyright, trademark, service mark, or other proprietary rights notices incorporated or accompanying the website.

The intellectual property rights and all other property rights over the content available on the website are the exclusive property of BITFOLIEX CRYPTO PROTOCOL and / or its licensors. This includes rights for all software associated with the website, as well as for all designs, texts and designs displayed on the website. Nothing in these Terms constitutes a transfer or license of any intellectual property right.

BITFOLIEX EXCHANGE is a trademark owned and controlled by BITFOLIEX CRYPTO PROTOCOL. The BITFOLIEX EXCHANGE trademark may not be copied, imitated or used, in whole or in part, without the prior written permission of BITFOLIEX CRYPTO PROTOCOL. All other trademarks, service marks, logos, trade names and any other property designations displayed on the website are trademarks or registered trademarks of BITFOLIEX EXCHANGE or their respective owners and may not be used without permission. BITFOLIEX EXCHANGE or the owner of the trademark.

12. RENOUNCES

You expressly acknowledge and agree that your access and use of the website is at your own risk. It is between you and BITFOLIEX EXCHANGE, to the maximum extent applicable, permitted by law, the website is provided "as is" and "as available."

BITFOLIEX EXCHANGE makes no warranty regarding the website, the software and the content, or any function, information published or available on the website. BITFOLIEX EXCHANGE does not guarantee that the website will be available at all times and the possibility of discontinuing the website without prior notice to this is expressed. BITFOLIEX EXCHANGE does not represent or guarantee that (a) the website is error free or virus free, or (b) that any defect in the website will be corrected.

BITFOLIEX EXCHANGE does not provide any oral or written information, guidelines or advice that express a guarantee. The legal notice of guarantees will be applied to the maximum extent permitted by applicable law. The laws of some states or jurisdictions do not allow the exclusion of implied warranties, so some or all of the disclaimers in this section may not apply to you.

13. RESPONSIBILITY LIMITATIONS

These Terms establish the full scope of our obligations and responsibilities regarding the Website.

To the maximum extent possible by law, BITFOLIEX EXCHANGE excludes any and all warranties, and liability in relation or successive to the website and its content. BITFOLIEX EXCHANGE in particular will not be responsible for damages of any kind, including loss of income or data, suffered by the user or any other person, by BITFOLIEX or by third parties. This includes any misuse of user data or user content, any viruses or other forms of malware transmitted through the website or the server, as well as any breach by users of these terms.

BITFOLIEX EXCHANGE will not have any responsibility for personal damages lost in benefits or other consequential, special, punitive, indirect or incidental damages, derived from or related to your use or inability to use the website. without contradicting the terms.

In no event shall the aggregate liability of BITFOLIEX EXCHANGE arising out of or related to the use or inability to use the website exceed one hundred dollars ($ 100). You agree that any claim submitted more than one (1) month after the discovery of the alleged liability of BITFOLIEX EXCHANGE will be prescribed.

14. INDEMNIZATION

You agree to defend, indemnify and release BITFOLIEX EXCHANGE and our affiliates, independent contractors and service providers, and each of our respective directors, officers, employees and agents from and against all claims, damages, costs, responsibilities and expenses of third parties. (including, but not limited to, court and attorney fees) caused by or related to (a) the use or inability to use the website; (b) your violation of these Terms or any other applicable terms, policies, warnings, guarantees or instructions provided by BITFOLIEX EXCHANGE or a third party in relation to the website, (c) your violation of any applicable law or any right of any third party .

15. ASIGNATION

You may not transfer or assign any rights or obligations under these Terms without the prior written consent of BITFOLIEX EXCHANGE.

BITFOLIEX EXCHANGE may transfer all of your rights and obligations under these Terms without your prior written consent. To the extent that such consent is required by mandatory law, BITFOLIEX EXCHANGE will notify the user of the transfer of their rights or obligations by email. The user will be deemed to have accepted the announced transfer, unless expressly rejecting it within two weeks of notification by email. In case the user refuses, BITFOLIEX EXCHANGE will have the right to terminate any agreement with the user that is subject to these Terms without prior notice.

16. MODIFICATIONS

BITFOLIEX Exchange reserves the right to change, suspend, eliminate, interrupt or disable access to the website or particular parts of it, at any time and without prior notice. In no case will BITFOLIEX EXCHANGE be responsible for the elimination or deactivation of access to any part or feature of the website.

17. COMPLETE AGREEMENT AND SEVERABILITY

These Terms, the Privacy Policy and applicable policies, subject to any modification or modification made by BITFOLIEX EXCHANGE from time to time, will constitute the complete agreement between you and BITFOLIEX EXCHANGE with respect to the Website.

If any provision of these Terms is invalid by a competent court or jurisdiction, that provision will only be limited to the minimum necessary and the remaining provisions will remain in full force.

18. APPLICABLE LAW AND JURISDICTION

These Terms and your use of the Website, as well as all matters that arise or are related to them (including non-contractual disputes or claims and their interpretation) will be governed by the laws of Panama, excluding the rules on conflicts of laws.

Any claim or dispute regarding or in relation to these Terms shall be subject to the exclusive jurisdiction of the Courts of Panama (including non-contractual disputes or claims and their interpretation). You agree that any dispute is personal to you and to BITFOLIEX EXCHANGE, and that any dispute will only be resolved through individual litigation and will not be presented as a class action, or any other representative procedure. You agree that a dispute cannot be filed as a class or representative action or on behalf of any other person or persons.

19. CONFIDENTIALITY

You must maintain the confidentiality of any procedure, including, but not limited to, any and all information collected, prepared, and submitted for the purposes of litigation or controversy related to any disputes presented.

20. RELEASE OF LIABILITY

BITFOLIEX EXCHANGE is not responsible for any loss or damage incurred by you as a result of the use of our services or for your lack of understanding of the nature of cryptocurrencies and / or digital assets or the market for such currencies. All that we provide to you is a method by which you can exchange, trade, mine and store cryptocurrencies and / or digital assets, and we make no representations or warranties regarding the value, stability or legality of such virtual currencies. You acknowledge and agree to assume the following risks related to the use of the Site and the Services:

a. The risk of loss in the purchase, sale and / or negotiation of virtual currencies such as Bitcoin and / or digital assets can be considerable and losses can occur in a short period of time.

b. The price and liquidity of Digital Assets have been subject to large fluctuations in the past and may be subject to large fluctuations in the future.

c. Digital assets are not legal tender, are not backed by any government, and accounts and balances of value are not subject to the protections of any entity or institution.

d. Legislative and regulatory changes or actions at the state or international level may adversely affect the use, transfer, exchange, and value of Digital Assets.

and. Transactions in digital assets may be irreversible, and consequently losses from fraudulent or accidental transactions may not be recoverable.

F. Some Digital Asset transactions will be considered made when they are recorded in a public book, which is not necessarily the date or time that the client initiates the transactions.

g. The value of Digital Assets may be derived from the continued willingness of market participants to exchange fiat currencies for Digital Assets, which may result in the possibility of a permanent and total loss of the value of a given virtual currency if the market for that virtual currency disappear.

h. There is no guarantee that a person who accepts Digital Assets as payment will continue to do so in the future.

i. The nature of Digital Assets may lead to an increased risk of fraud or cyber attack, and may mean that the technological difficulties experienced by BITFOLIEX EXCHANGE may prevent access or use of its Digital Assets.

j. You acknowledge and affirm that you are not disabled, which could result in you not fully understanding these terms and conditions.

You acknowledge and agree that you are solely responsible for determining the nature, potential value, appropriateness, and adequacy of those risks, and that BITFOLIEX EXCHANGE does not provide advice or recommendations regarding digital assets, including suitability and consistency, and strategies for acquiring digital assets. You acknowledge and agree that you must access and use the Services and the Site at your own risk. This short statement does not reveal all the risks associated with trading, exchanging, mining, and storing digital assets. Therefore, you should carefully consider whether such trade, exchange, mining and storage is suitable for you based on your circumstances and financial resources. You should be aware that you may suffer a total loss of the assets in your Account (as defined in these Terms and Conditions), and that, under certain market conditions, it may be difficult or impossible to liquidate a position.

21. ILLEGAL ACTIVITIES

If you are looking for information about illegal activities, or if you want to participate in any illegal or fraudulent financial activity, please leave this Site immediately and do not try to use the Services. You acknowledge and agree that you are aware of the legality of using the BITFOLIEX EXCHANGE Services in your local jurisdiction and agree that you will not use the Services, if such use is prohibited or violates the laws of your state, province, country and any other jurisdiction. .

22. TAXES

It is your responsibility to determine what taxes apply, if any, to the orders you complete through our website, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that BITFOLIEX EXCHANGE is not responsible for determining whether taxes apply to your operations or for collecting, reporting, withholding, or remitting taxes arising from any trade.

23. THE USER'S RESPONSIBILITY

You are fully responsible for all activities carried out through your User. You agree to notify us immediately of any unauthorized use of your password or user identification, as well as any other breach of security. While we may implement certain monitoring, procedures designed to alert us to fraudulent activity, we are not responsible for any unauthorized use by your user, therefore you agree that you are responsible for such unauthorized use and for protecting the confidentiality of your password.

The control or use of its user cannot be transferred, leased, assigned or sold to a third party. If a user fraudulently accesses their account, we may terminate the user's access immediately and take all necessary and appropriate measures under applicable state and international law.

As part of our security measures and policies, please note that we will never ask you, for any reason, whether by email, post or phone, to reveal your user password. Password inquiries will only be done online and only after you have logged in to the company site. We will never send you embedded links in an email requesting you to log into the site by clicking on that link. If you receive an embedded link by email claiming to be ours, you should not open or click on it. The email is not from us and is likely to be fraudulent. Never give your user password to anyone you do not intend to authorize to use your account.

24. RESOURCES OF USERS IN THEIR ACCOUNTS WITHIN BITFOLIEX EXCHANGE

In order to complete an order or to trade through the services of this website, you must first load the funds to your BITFOLIEX EXCHANGE user account, through your wallets or using one of the external bank accounts approved and identified by BITFOLIEX EXCHANGE (if this service is enabled in your locality). You are solely responsible for the use of any external bank account, and you agree to abide by all the terms and conditions applicable to any external bank account. The time associated with a purchase transaction will depend in part on the performance of third parties responsible for having the external account enabled to perform virtual transactions and BITFOLIEX EXCHANGE does not guarantee the time it may take to load funds into your BITFOLIEX EXCHANGE account.

As long as the balance in your wallet is greater than any minimum balance requirement necessary to satisfy any of your open positions, you can transfer any amount of funds, up to the total amount of funds available in your BITFOLIEX EXCHANGE account, less the fees and commissions charged by BITFOLIEX EXCHANGE for such transactions.

When you request that we load the funds into your BITFOLIEX EXCHANGE account from your external account or request that we transfer the funds to your external account from your BITFOLIEX EXCHANGE account, you automatically authorize BITFOLIEX EXCHANGE to execute such transaction through the services (provided that the service is authorized in your locality).

BITFOLIEX EXCHANGE, in its sole discretion, may reject any request for withdrawal of funds in the event that it considers that there is a movement that compromises the security of the transaction, or that it is a suspicious movement in terms of fraud or that it violates our AML policy. (Against money laundering). In this case, BITFOLIEX EXCHANGE will notify the user through electronic means of the cancellation of the request. In case the request is approved, BITFOLIEX EXCHANGE will take up to five (5) business days to make the payment to the requested account.

In some cases, the external account may reject your funds or may not be available otherwise. You agree that BITFOLIEX will have no responsibility for any costs or damages resulting from such transactions rejected by third parties.

When cryptocurrency trading services are used to acquire other types of cryptocurrencies. BITFOLIEX EXCHANGE does not buy, sell or exchange any cryptocurrency in its own name, but rather provides Users with an electronic platform to carry out these operations.

When you submit a new order through the services, you authorize BITFOLIEX EXCHANGE to execute a transaction in accordance with such an order on a point basis and to charge you any applicable fees.

You acknowledge and agree as a user that: (a) BITFOLIEX EXCHANGE is not acting as your broker, intermediary, agent, or advisor or in any fiduciary capacity, and (b) no communication or information provided to you by BITFOLIEX EXCHANGE will be considered or interpreted as advice or counseling.

Once you use the services of BITFOLIEX EXCHANGE, a confirmation will be sent to you via email detailing its details. You acknowledge and agree that failure to receive such information does not prejudge or invalidate the terms of that order.

If you select a “Market Trade”, BITFOLIEX EXCHANGE will attempt, on a commercially reasonable basis, to execute the Trade at or near the prevailing market exchange rate, as defined through the services. You acknowledge and agree that the exchange rate information available through our site may differ from the prevailing exchange rates available through other sources outside of our site.

25. FEES OR COMMISSIONS

You agree to pay the commissions for the services provided through our site, which are reported through the table of commissions and limits, which we can change at our discretion and which are found on our website. Changes to the commission schedule are effective as of the stated effective date and will apply prospectively to any services performed after the effective date of such changed commission plan.

The commission charged by BITFOLIEX EXCHANGE for the margin generated or for the purchase and sale transactions made on our site will be published on it.

You are solely responsible for paying the fees imposed by third parties.

You authorize us, or our designated payment processor, to load or deduct from your BITFOLIEX EXCHANGE account account funds for any fees or commissions applicable to the trading, transactions or orders you execute on our site.

In the case of payments with FIAT (as long as the service is enabled in your locality), BITFOLIEX EXCHANGE could establish at your disposal the purchase of crypto assets through payments using debit cards, credit or electronic transfers from a savings or checking account from an authorized bank. In which case the transaction limits will be established according to each jurisdiction. In addition, BITFOLIEX EXCHANGE, at its discretion, may use third-party services to ensure that the means of payment used comply with all the security requirements established by the laws of financial entities and will review each of the transactions executed on our site.

In the hypothetical case that BITFOLIEX EXCHANGE identifies the income of money from / to an account of a third party, that is, a bank account of a person different from the one requesting the purchase or sale of crypto assets, said transfer will be rejected. This rejection will be autonomous and discretionary of BITFOLIEX EXCHANGE.