Terms & Conditions

By using the Site of the Service “BUYCOINS” – buycoins.io (“Site of the Service”), and by registering to use the Service, you are agreeing to accept and comply with the terms and conditions of use stated below ("Terms of Use"). You also represent and warrant that you have the full capacity to accept these Terms of Use and to execute deals and transaction on the Site of the Service. You should read the entire Terms of Use carefully before you use the Site of the Service or any of the other services of this Site. If you do not agree to accept and comply with any of the provisions of the Terms of Use, or if the Terms of Use are contrary to your national law or to the law of your location, you agree not to use the Site of the Service, otherwise, you are liable for all losses and damages to the “BUYCOINS” Service or to third parties, caused by your failure to follow the Terms of Use.

1 General

1.1 These terms are an agreement to comply with the Terms of Use.

1.2 By using the Site of the Service you are agreeing to comply with the Terms of Use.

1.3 The Terms of Use may only be accepted in full.

1.4 By accepting and complying with the Terms of Use, you represent that you understand and agree to comply with the Terms of Use in their entirety.

1.5 These Terms of Use govern:

1.5.1 Access to the Site of the Service as well as to any services of the “BUYCOINS” Service;

1.5.2 The procedure for conducting transactions on the Site of the Service;

1.5.3 The types of services offered by the “BUYCOINS” Service;

1.5.4 Deals and transactions on the Site of the Service;

1.5.5 The Terms of Use of the Site of the Service as well as of any services of the “BUYCOINS” Service;

1.5.6 Rules for registering and using User Accounts;

1.5.7 Access to the Site of the Service, Accounts and services;

1.5.8 The types and amount of commissions charged, and the procedure for charging the commission.

1.5.9 Procedures for payment and the forms of payment.

1.5.10 Responsibility for failure to follow the Terms of Use;

1.5.11 Other relationships related to the Site of the Service or the “BUYCOINS” Service.

1.6 The “BUYCOINS” Service allows all registered Users to execute Transfer of Rights Agreements for BTC Information and LTC Information.

1.7 The Site of the Service provides every registered User access to its services regardless of how Users access the interface, but the Site of the Service does not guarantee equal connection quality to all Users, since this depends on the User’s internet service provider.

1.8 The User’s legal right to use the services of the “BUYCOINS” Service may be limited by the applicable law of the User’s residence. The User is personally liable for failing to observe the applicable law.

1.9 Terms and definitions:

1.9.1 The “BUYCOINS” Service – The Site of the Service as well as the many other services offered by the MONSTER BYTE INC.;

1.9.2 Site of the Service – The Internet Site of the “BUYCOINS” Service (buycoins.io) which offers Users the ability to carry out transactions and make deals, as well as different other services;

1.9.3 User -- Any person using the Site of the Service, regardless of whether he has registered or not;

1.9.4 Account -- The personal web page of a registered User which only a registered User with a login and password may access;

1.9.5 Commission – a percentage of a deal or transaction charged by the “BUYCOINS” Service for services provided to the User;

1.9.6 Title units – Title units indicating the amount of cash funds, BTC Information, or LTC Information transferred to the “BUYCOINS” Service;

1.9.7 BTC or “B” – Title unit indicating the amount of BTC Information transferred by the User to the “BUYCOINS” Service;

1.9.8 LTC or “L” – Title unit indicating the amount of LTC Information transferred by the User to the “BUYCOINS” Service;

1.9.9 USD or “S” – title unit indicating cash funds transferred by the User to the “BUYCOINS” Service;

1.9.10 Bitcoin System – a peer-to-peer digital system which uses Bitcoin units to account for information. More information is provided at the site: http://bitcoin.org;

1.9.11 BTC or Bitcoin - A unit in the Bitcoin System indicating the amount and value of BTC information;

1.9.12 BTC Information – Information in the Bitcoin System belonging to users registered in the Bitcoin System in the amount indicated in the Bitcoin System. The value and amount of the information is valued in Bitcoins in the Bitcoin System, and in Bitcoin Title Units or “B” on the Site of the Service;

1.9.13 Litecoin System - a peer-to-peer digital system which uses Litecoin units to account for information. More information is provided at the site: http://litecoin.org;

1.9.14 LTC or Litecoin - A unit in the Litecoin System indicating the amount and value of LTC information;

1.9.15 LTC Information – Information in the Litecoin System belonging to every user registered in the Litecoin System in the amount indicated in the Litecoin System. The value and amount of the information is valued in Litecoins in the Litecoin System, and in Litecoin Title Units or “L” on the Site of the Service;

1.9.16 Acquirer – A person acquiring the rights to a certain amount of BTC Information or LTC Information;

1.9.17 Rights holder – A person who transfers or will transfer the rights to a certain amount of BTC Information or LTC Information;

1.9.18 Agreement about the transfer of rights to BTC Information or LTC Information – A deal which results in the Rights holder transferring his rights to BTC Information or LTC Information, and the Acquirer acquiring the rights to BTC Information or LTC Information, and paying a certain money sum in exchange for these rights (Price);

1.9.19 Buy – The acquisition of the rights to a certain amount of BTC Information or LTC Information under the Agreement about the transfer of rights to BTC Information and LTC Information;

1.9.20 Sell – The transfer of all the rights to a certain amount of BTC Information or LTC Information under the Agreement about the transfer of rights to BTC Information and LTC Information;

1.9.21 Deposit – A User’s transfer of cash funds, BTC Information, or LTC Information to the “BUYCOINS” Service, without the transfer of title to these cash funds, BTC Information, or LTC information, so that the user can enter into an Agreement about the transfer of rights to BTC Information or LTC Information, as well as manage the cash funds, BTC information, or LTC Information through the use of the “BUYCOINS” Service.

1.9.22 Withdrawal – The transfer of cash funds, BTC Information, or LTC Information from the “BUYCOINS” Service to the user.

1.9.23 Order – A user’s decision to use or transfer funds, BTC Information, or LTC Information.

1.9.24 Cryptocurrency – Information which has a certain value indicated in systems such as the Bitcoin System or the Litecoin System.

1.9.25 Personal information – any information related to an individual or corporation.

2 Terms of use of the site of the service

2.1 Information provided on the Site of the Service is not to be construed as a public offer.

2.2 Information provided on the Site of the Service, except the non-public information in the User Account, is to be considered general introductory information. The “BUYCOINS” Service is not responsible for the accuracy of any such information.

2.3 Users access the account, interface, and services of the Site of the Service through the use of the user login and password, which are provided upon the User’s registration at the Site of the Service.

2.4 In order to create an Account at the Site of the Service, as well as to access the services of the “BUYCOINS” Service, the User must first register at the Site of the Service.

2.5 An account at the Site of the Service is a personal page of the User, and may only be used by the User who received access to the Account through the Site of the Service.

2.6 The User is prohibited from providing his account access information or the account itself to third parties or to other Users.

2.7 In the case of theft of the account access information or account itself by a third party, the User bears the burden of proving he was not responsible.

2.8 The User is liable for the actions of any third party who was provided with access to his Account.

2.9 Any actions carried out using the Account of the User are considered to be actions of the User who was provided with the account by the Site of the Service.

2.10 Cash Funds, BTC Information, or LTC Information transferred by the User of the “BUYCOINS” Service or received during deals and transactions taking place on the Site of the Service are accounted for in Title units.

2.11 The Types of Title units used on the Site of the Service are: Bitcoins (referred to as BTC or “B”), Litecoin (referred to as LTC or “L”) and USD (referred to as “$”).

2.12 The Bitcoin Title unit is used to account for BTC information

2.13 The Litecoin Title unit is used to account for LTC Information.

2.14 The USD Title unit is used to account for cash funds owned by the user.

2.15 The User uses the interface and the functions of the Site of the Service in order to conduct transactions and orders.

2.16 The use of the interface of the Site of the Service to enter into and execute deals and transactions is considered the User’s agreement to execute these deals and transactions.

2.17 The user may not enter into and conduct transactions with Title units indicating BTC Information, LTC Information, or with cash funds, if the size of these transactions is greater than the Title units in the User’s account.

2.18 Users entering into transactions on behalf of third parties, with cash funds belonging to the third parties, are personally liable to the third parties for these funds. The “BUYCOINS” Service is not a party to these transactions, and is not liable to the third party for the performance of any promises made by the User, and is not a party to disputes related to any such promises.

2.19 The “BUYCOINS” Service does not provide third parties with information about transactions carried out by the User, and is not liable for the User’s providing of such information to a third party.

2.20 The “BUYCOINS” Service does not accept or carry out third party requests to suspend the User’s Account, or to in any other way limit the User’s rights in relation to the “BUYCOINS” Service on any grounds, except when these requests are made by authorities in the country of the User’s residence, and are subject to obligatory performance under applicable law or court decision.

2.21 In the case that the User attempts to use his access rights to the services of the Site of the Service to interfere with the uninterrupted operation of the Site of the Service, or violates any of the present Terms of Use, the User may be denied access to the Site of the Service, with or without the right to recover access.

2.22 The User or his Account may be blocked by the decision of the “BUYCOINS” Service without explanation. The Account may also be blocked by the request of the User who was with provided the account.

2.23 It is prohibited to transfer funds to third parties by transferring the Account or access to the account.

2.24 Users have the right to communicate with each other on the Site of the Service.

2.25 The “BUYCOINS” Service is not responsible for any information communicated by one User to another on the Site of the Service or any other method of communication.

3 Services provided

3.1 The “BUYCOINS” Service allows Users make deals with BTC Information, LTC Information, or cash funds, and to transfer the BTC Information, LTC Information, or cash funds to other Users. In exchange, the User is obligated to pay the “BUYCOINS” Service a commission in the amount and manner described in the Terms of Use.

3.2 The “BUYCOINS” Service provides its services through the Site of the Service as well as through other services.

3.3 The “BUYCOINS” Service provides Users with the following services:

3.3.1 Registering and allowing Users to make deals with BTC Information or LTC Information;

3.3.2 Providing Users with opportunities to communicate with each other;

3.3.3 Accounting for cash funds, BTC information, and LTC Information in User Accounts;

3.3.4 Maintaining Accounts on the Site of the Service;

3.3.5 Providing information about the currency value of BTC Information and LTC Information, and providing the ratio of Bitcoin and Litecoin title units on one side, and USD title units on the other side;

3.3.6 Allowing payments between Users;

3.3.7 Processing of personal information of the Users;

3.3.8 Providing the Users with other necessary information;

3.3.9 Providing other services.

3.4 The “BUYCOINS” Service is obligated to:

3.4.1 Register and execute deals made with the User’s BTC Information, LTC Information, or cash funds;

3.4.2 Maintain User Accounts, cash funds, BTC information, and LTC Information;

3.4.3 Provide all the information about the terms and conditions of all the deals and transactions offered;

3.4.4 Provide communication between the Users;

3.4.5 Transfer BTC Information, LTC Information, and cash funds between the Users;

3.4.6 Transfer payments between the Users.

3.5 The “BUYCOINS” Service has the rights to:

3.5.1 Deny Users the ability to register and execute deals without any explanation;

3.5.2 Collect necessary information from the Users to register and execute deals and transactions;

3.5.3 Charge Users a commission for services provided based on the terms and conditions in the Terms of Use.

3.5.4 Transfer Users’ cash funds, BTC Information, and LTC Information upon the User’ request.

3.5.5 Maintain User Accounts, BTC Information, LTC Information, and cash funds.

3.6 The User is obligated to:

3.6.1 Provide the “BUYCOINS” Service with all the information necessary to register and execute deals and transactions;

3.6.2 Comply with the terms and conditions of the deals and transactions;

3.6.3 Pay the “BUYCOINS” Service commission for deals and transactions;

3.6.4 Make deals which are in compliance with the User’s national law;

3.6.5 Not limit the “BUYCOINS” Service in offering its services;

3.6.6 Only Communicate with other Users through the Site of the Service.

3.7 The User has the right to:

3.7.1 Receive all information about the terms and conditions of deals and transactions.

3.7.2 Carry out deals and transactions in conformity with the Terms of Use;

3.7.3 Access to the Account;

3.7.4 The execution of deals the User arranges;

3.7.5 Transfer BTC Information, LTC Information, and funds by carrying out deals and transactions on the Site of the Service;

3.7.6 Communicate with other Users on the Site of the Service.

4 Transfer (deposit/withdrawal) of funds

4.1 The User transfers funds to the “BUYCOINS” Service (Deposit) in order to execute deals and transactions on the Site of the Service using these funds.

4.2 After the User transfers funds to the “BUYCOINS” Service, the title to the funds does not pass to the “BUYCOINS” Service, but instead stays with the User.

4.3 The Deposit transaction is a separate service of the "BUYCOINS" Service.

4.4 The User uses the funds transferred to the “BUYCOINS” Service by using the Site of the Service and by carrying out transactions on the Site of the Service.

4.5 The “BUYCOINS” Service does not transfer funds from one User to another without the request of the User.

4.6 The User transfers funds to the “BUYCOINS” Service by means of wire-transfer.

4.7 The “BUYCOINS” Service is not responsible for the safety of funds transferred from the User to the “BUYCOINS” Service through intermediaries, third parties, or other services up until the moment the “BUYCOINS” Service actually receives the 4.8 The “BUYCOINS” Service does not provide information about the commission amount of intermediaries, third parties, or other services for their transfer of funds from the User to the “BUYCOINS” Service, and is not a party to such deals.

4.9 The “BUYCOINS” Service charges commission for Deposits in the manner and amount set out in the Terms of Use.

4.10 Payment details of the Deposit transaction may be viewed at “Transfer of Funds (Deposit) for services provided through the Account, ‘User’s login’”.

4.11 The “BUYCOINS” Service transfers funds to the User (Withdrawal) upon the User’s request.

4.12 The Withdrawal of funds is a service of the “BUYCOINS” Service.

4.13 During the transfer of funds from the “BUYCOINS” Service to the User, the “BUYCOINS” Service does not acquire any rights or title to these funds.

4.14 The “BUYCOINS” Service transfers funds to the User by means of a wire-transfer.

4.15 The “BUYCOINS” Service is not liable for the safety of funds transferred through the use of intermediaries, third parties, or other services which are chosen by the User in order to Withdraw the funds.

4.16 The “BUYCOINS” Service does not provide information about, nor set the amount of commission charged by intermediaries, third parties, or other services for their services of transferring funds to the User, and is not a party to any such transactions.

4.17 The “BUYCOINS” Service charges a commission for the Withdrawal of funds in the manner and amount described in the Terms of Use.

4.18 Payment details of the Withdraw transaction may be viewed at “Transfer of Funds (Withdrawal) for services provided through the Account, ‘User’s login’”.

4.19 All cash funds transferred from the User to the “BUYCOINS” Service are displayed in USD or “$” Title units.

4.20 If monthly deposit/withdrawal turnover exceeds 30 000 (thirty thousand) USA dollars, “BUYCOINS” Service will request additional information about the User, that will explain the history of dealing with bitcoin, goals of the deal execution, trading strategy, User’s biography, source of the funds, that are used on “BUYCOINS” Service”, including the related documents (a bank statement, that reflects payroll accounting, Share Purchase Agreement etc.).

5 Transfer (deposit/withdrawal) of BTC information or LTC information

5.1 The User may transfer BTC Information or LTC Information to the “BUYCOINS” Service (Deposit Transaction) in order to execute deals and transactions on the Site of the Service.

5.2 After the User transfers BTC Information or LTC Information to the “BUYCOINS” Service, the title to the BTC Information or LTC Information does not pass to the “BUYCOINS” Service, but instead stays with the User.

5.3 The User uses the BTC Information and LTC Information transferred to the “BUYCOINS” Service by using the Site of the Service and by carrying out certain transactions on the Site of the Service.

5.4 The “BUYCOINS” Service does not transfer BTC Information or LTC Information from one User to another without the request of the transferring User.

5.5 The User transfers BTC Information to the “BUYCOINS” Service by means of the Bitcoin System.

5.6 The User transfer LTC Information to the “BUYCOINS” Service by means of the Litecoin System.

5.7 The “BUYCOINS” Service is not responsible for the safety of BTC information or LTC Information transferred from the User to the “BUYCOINS” Service through intermediaries, third parties, or other services up until the moment the “BUYCOINS” Service actually receives the BTC Information or LTC Information.

5.8 The “BUYCOINS” Service does not provide information about the commission amount of intermediaries, third parties, or other services for their transfer of BTC Information or LTC Information from the User to the “BUYCOINS” Service, and is not a party to such deals.

5.9 The “BUYCOINS” Service charges commission for the Deposit of BTC Information or LTC Information in the manner and amount set out in the Terms of Use.

5.10 The “BUYCOINS” Service transfers BTC Information or LTC Information to the User (Withdrawal) upon the User’s request.

5.11 The Withdrawal of BTC Information or LTC Information is a service of the “BUYCOINS” Service.

5.12 During the transfer of BTC Information or LTC Information from the “BUYCOINS” Service to the User, the “BUYCOINS” Service does not acquire any rights or title to the BTC Information or LTC Information.

5.13 The “BUYCOINS” Service transfers BTC Information to the User through the Bitcoin System.

5.14 The “BUYCOINS” Service transfers LTC Information to the User through the Litecoin System.

5.15 The “BUYCOINS” Service is not liable for the safety of BTC Information or LTC Information transferred through the use of intermediaries, third parties, or other services which are chosen by the User in order to Withdraw the BTC Information or the LTC Information.

5.16 The “BUYCOINS” Service does not provide information about nor set the amount of commission charged by intermediaries, third parties, or other services for their services of transferring BTC Information or LTC Information to the User, and is not a party to any such transactions.

5.17 The “BUYCOINS” Service charges a commission for the Withdrawal of BTC Information or LTC Information in the amount and manner described in the Terms of Use.

6 Agreement about the transfer of rights to BTC information and LTC information

6.1 Through an Agreement about the transfer of rights to BTC Information, the Rights holder transfers or agrees to transfer all his rights to the BTC Information to the Acquirer, and the Acquirer agrees to accept all rights to the BTC Information and to pay a certain sum of money(price) for it.

6.2 Through an Agreement about the transfer of rights to LTC Information, the Rights holder transfers or agrees to transfer all his rights to the LTC Information to the Acquirer, and the Acquirer agrees to accept all rights to LTC Information and to pay a certain sum of money(price) for it.

6.3 The Users enter into the Agreement about the transfer of rights to BTC Information and LTC Information on the Site of the Service.

6.4 The “BUYCOINS” Service is not a party to the Agreement about the transfer of rights to BTC Information or LTC Information.

6.5 A user may make an offer to enter into an Agreement about the transfer of rights to BTC Information or LTC Information on the Site of the Service.

6.6 In order to make a valid offer, the User must provide the following information:

6.6.1 Type of transaction: Buy or Sell transaction;

6.6.2 Type of Title units and type of Cryptocurrency;

6.6.3 Price for the BTC Information or LTC Information;

6.6.4 Amount of the BTC Information or LTC Information.

6.7 The User may transfer or acquire rights to the BTC Information or LTC Information at the market price or may set his own price.

6.8 If the offer of the Acquirer and the offer of the Rights holder match, then the Agreement about the transfer of rights to BTC Information or LTC Information is executed.

6.9 The Agreement about the transfer of rights to BTC Information is executed even if the price per unit of the BTC Information stated in the offer of the Acquirer and Rights holder is identical but the requested amount of the BTC Information differs. In this case, the stated lower amount is transferred and the Agreement about the transfer of rights to BTC information is executed.

6.10 The Agreement about the transfer of rights to LTC Information is executed even if the price per unit of the LTC Information stated in the offer of the Acquirer and Rights holder is identical but the amount of the requested LTC Information differs. In this case, the stated lower amount is transferred and the Agreement about the transfer of rights to BTC information is executed.

6.11 The Acquirer is the party which accepts the offer of the Rights holder.

6.12 An offer is a User’s request to the “BUYCOINS” Service to make a transaction in compliance with section 6.6 of the Terms of Use, and also, if the User’s offer is valid, a request to make payments between Users in accordance with the Agreement about the transfer of rights to BTC Information or LTC Information.

6.13 The User must only transfer cash funds, BTC Information, or LTC Information owned by him and without any third party encumbrances.

7 Terms and types of payments

7.1 The “BUYCOINS” Service makes payments between Users in full conformity with the offers, orders and instructions of the Users.

7.2 Once an Agreement about the transfer of rights to BTC Information or LTC Information is entered into, the “BUYCOINS” Service agrees to transfer BTC Information, LTC Information, and funds from one User to another.

7.3 Cash funds, BTC Information, and LTC Information are settled automatically by the “BUYCOINS” Service.

7.4 The Users fully understand and accept that if an offer made by them is accepted, the “BUYCOINS” Service will execute the transaction between the parties involved.

7.5 Upon the transfer of the rights to BTC Information, LTC Information or funds from one User to another, the “BUYCOINS” Service will automatically update the accounts of the Users with the new Title units.

7.6 Upon payments made under the Agreement about the transfer of rights to BTC Information or LTC Information, and upon the Deposit, Withdrawal, or other transactions made through the “BUYCOINS” Service, the user must satisfy all tax obligations, including the timely payment of all taxes, or any other tax obligations set out under the applicable law.

7.7 The “BUYCOINS” Service is not a tax agent of the User and shall not make any payments or withholdings for tax purposes.

8 Commissions

8.1 The “BUYCOINS” Service charges commissions for services provided.

8.2 Commissions are charged automatically and without User approval.

8.3 Commissions are charged for the following “BUYCOINS” Service services:

8.3.1 Deposits;

8.3.2 Withdrawals;

8.3.3 Deposits of BTC Information;

8.3.4 Withdrawals of BTC Information;

8.3.5 Deposits of LTC Information;

8.3.6 Withdrawals of LTC Information;

8.3.7 Execution of an Agreement about the transfer of rights to BTC Information.

8.3.8 Execution of an Agreement about the transfer of rights to LTC Information.

8.4 Services stated in section. 8.3 of the Terms of Use also include all related services.

8.5 The commission for Depositing funds is 4%.

8.6 Withdrawal commission through mobile operators – 3%, but no less than $0.1. Withdrawal commission to Webmoney &Yandex Money – 3%, but no less than $0.5. Withdrawal commission to Visa & Mastercard – 3% + 2$ for each transaction, but not less than $7.

8.7 The commission for Depositing BTC Information is 0%.

8.8 The commission for Withdrawing BTC Information is 0.0001 BTC.

8.9 The commission for Depositing LTC Information is 0%.

8.10 The commission for Withdrawing LTC Information is 0.0001 LTC.

8.11 The commission charged upon the execution of an Agreement about the transfer of rights to BTC Information is 0.15% (fifteen hundredths of a percent) of the total value of the transaction.

8.12 The commission charged upon the execution of an Agreement about the transfer of rights to LTC Information is 0.15% (fifteen hundredths of a percent) of the total value of the transaction.

9 Responsibility. Limitaion of liability

9.1 Although the “BUYCOINS” Service takes all necessary and reasonable measures to keep the “BUYCOINS” Service and the Site of the Service up and working, Users using the “BUYCOINS” Service do so at their own risk. The “BUYCOINS” Service is provided without any guarantees, representations and warranties, express or implied, provided by law with respect to software or sites, including, but not limited to warranties or conditions of quality, performance, non-infringement, merchantability, and fitness for use for a particular purpose. The “BUYCOINS” Service does not represent or warrant that the “BUYCOINS” Service, Site of the Service, or any other related software will always be available, accessible, uninterrupted, timely, secure, accurate, complete and error-free, or will operate without packet loss.

9.2 Subject to section 9.1. of the Terms of Use, the “BUYCOINS” Service shall not assume liability of any type for any losses or damages arising out of or in connection with the use of the “BUYCOINS” Service, even if the “BUYCOINS” Service was advised and/or aware of the possibility of such losses or damages. In particular the “BUYCOINS” Service shall not be liable for :

9.2.1 loss of any actual or anticipated profits, income, or any indirect, special, incidental or consequential damages and loss of opportunities;

9.2.2 any indirect, special, incidental or consequential damages;

9.2.3 loss of goodwill or reputation (whether direct or indirect);

9.2.4 any damage to or corruption of data (whether direct or indirect);

9.3 In the case the applicable law does not allow the exclusion of liability for losses or damages, so that paragraphs 9.1.-9.2. do not apply to the User, the total liability of the “BUYCOINS” Service to User shall not exceed the amount paid by User to the “BUYCOINS” Service in the 12 (Twelve) month period immediately prior to the date of the event giving rise to the relevant claim. In any case, the aggregate liability of the “BUYCOINS” Service shall not exceed a maximum of 100 (hundred) USA dollars.

9.4 The User is solely responsible for the deals executed on the Site of the Service.

9.5 The User is liable to other Users for the information provided to them in the course of communication.

9.6 The User is liable for the accuracy of the information provided to the “BUYCOINS” Service.

9.7 If any third party brings a claim, demand, complaint or action against the “BUYCOINS” Service in connection with (i) User’s breach of the Terms of Use; (ii) User’s breach of any applicable law or regulation; (iii) User’s infringement or violation of the rights of any third parties including, but not limited to, causing damages or losses to third parties in connection with the non-performance or improper performance of a transaction negotiated on the Site of the Service, or in connection with providing third parties information in the course of communication; (iv) User’s complaint in relation to any User or the “BUYCOINS” Service, the User shall indemnify and hold the “BUYCOINS” Service harmless from and against all damages, liability, loss, costs and expenses (including reasonable legal fees and costs) related to such claim.

10 Privacy policy

10.1 The User shall provide the “BUYCOINS” Service with express consent to process all personal data including:

10.1.1 Last name, first name, middle name;

10.1.2 date of birth;

10.1.3 sex;

10.1.4 marital status;

10.1.5 passport data: i) type of document; ii) series and number; iii) issuing authority – name and code; iv) date and place of issue;

10.1.6 registered address of residence;

10.1.7 actual address of residence;

10.1.8 contact phone number;

10.1.9 email;

10.1.10 as well as any other information reported to the “BUYCOINS” Service by the user’s own free will.

10.2 The “BUYCOINS” Service shall not disclose personal data to third parties and shall not distribute any personal data without the User’s consent.

10.3 The personal data is used to register the User on the Site of the Service, to provide the User with services related to negotiating and executing deals, transactions, to transfer BTC Information, LTC Information, and cash funds from one User to another, as well as to provide any other service stated in the Terms of Use.

10.4 The User shall provide the “BUYCOINS” Service with the right to use the personal data without limitation to collect; record; systematize, accumulate; store; update and change, extract, use, transfer (distribute, provide, grant access), depersonalize, block, delete, terminate, transfer overseas and carry out any other activities, performed with or without automation, related to personal data.

10.5 The User may revoke his or her consent in writing.

10.6 The User’s personal data shall not be stored in a form which allows the User to be identified by that data longer than necessary for the use of the personal data to be carried out. After the objective for the use of the data has been met, the data shall be destroyed or depersonalized.

10.7 The “BUYCOINS” Service shall maintain the confidentiality of personal data and ensure its safety.

10.8 “BUYCOINS” Service personnel granted access to the User’s personal data shall be responsible for the security of the information disclosed to them in accordance with the applicable law.

11 Force majeure event

11.1 Users and the “BUYCOINS” Service shall not be liable for a failure to perform, or for an improper performance of their obligations under the Terms of Use, if such a failure is the result of an event or circumstance beyond the reasonable control of the party affected including acts of God, fire, war, rebellion, revolution or other civil commotion, terrorist activities, riot, lock-out, strike, epidemic, accident or breakdown of hardware, computer software, hardware labour dispute, as well as any other extraordinary and unavoidable circumstances under these conditions, and the actions of state and government bodies, alteration of Cryptocurrency’s legal status, errors of the Cryptocurrency system, hacking of the Cryptocurrency system, or change of the Cryptocurrency terms of use or a dramatic change of the value of Cryptocurrency.

11.2 In case it is impossible to perform obligations under the Terms of Use, the User or the “BUYCOINS” Service shall immediately and in any case not later than 10 (Ten) days from the date the event or circumstance, stipulated in paragraph 11.1 of the Terms of Use, occurred notify the “BUYCOINS” Service or User in writing or via the Site of the Service about the occurrence and estimated duration of above event or circumstance.

11.3 If the "INDACOIN" Service was not aware, and could not be aware, about a hack of the "INDACOIN" Service, and also took all necessary and reasonable measures for the prevention of a hack, the "INDACOIN" Service shall not be liable to the User for any consequences of the hacking, or any resulting damages.

12 Returns policy for credit/debit cards

12. In certain exceptional circumstances, the "INDACOIN" Service may refund payments made by credit or debit card. The funds will be refunded to the card that was used for the payment. If the client has already withdrawn cryptocurrency to his/her address, the payment can not be refunded.

13 Other conditions

13.1 All paragraphs and provisions of the present Terms of Use are equal in force and may only be accepted by the User in full.

13.2 The parties agree that if any provision of the Terms of Use is void or voidable, all other provisions remain in force for both the User and the “BUYCOINS” Service.

13.3 The applicable law for the present Terms of Use and relationships between the “BUYCOINS” Service and the Users is the law of the British Virgin Islands.

13.4 In any case not governed by the present Terms of Use, the User and the “BUYCOINS” Service are governed by the applicable law stated in paragraph 13.3 of the Terms of Use.

13.5 All disputes which may arise from the present Terms of Use will be settled by means of negotiation.

13.6 If the parties do not come to an agreement by means of negotiation, all disputes and differences are to be settled by means of pre-arbitration or extrajudicial procedure.

13.7 If the parties do not come to an agreement by means of negotiation, pre-arbitration, or extrajudicial procedure, the matter is to be submitted to the court of law governing the residency of the “BUYCOINS” Service.

13.8 The present Terms of Use shall become effective the day they are accepted and shall be valid until the agreement between the User and the “BUYCOINS” Service is canceled.

13.9 Upon the cancellation of the present Terms of Use, the responsibilities of the Users and the “BUYCOINS” Service shall remain effective for obligations which arose when the present Terms of Use were in effect.

13.10 All amendments to the present Terms of Use are valid only when made in writing.