To protect the rights and interests of users on the BitTap platform and to ensure legal and compliant trading, BitTap has established this Spot Trading Financial Services Agreement. This agreement outlines the rights, obligations, and related rules for users engaging in spot trading on the platform, ensuring that all trades are conducted in a fair and secure environment. Below is an overview of the key provisions of the BitTap Spot Trading Financial Services Agreement:
1. General Provisions
This agreement sets forth the rights and obligations between the user and BitTap. Users are required to carefully read and understand the content of this agreement before using BitTap’s spot trading services. By registering and using the BitTap platform, users agree to comply with all the terms of this agreement.
2. User Eligibility
· Users must be at least 18 years of age and possess full legal capacity to engage in spot trading on the BitTap platform.
· Users must comply with the laws and regulations of their jurisdiction and must not engage in any illegal activities through the platform.
· Users must complete KYC (Know Your Customer) verification and submit valid identification when registering on the platform.
3. Trading Rules
· Trading Pair Selection: Users can engage in spot trading between various cryptocurrency pairs supported by the platform. The list of available trading pairs may be adjusted based on market demand.
· Buy and Sell Orders: Users can submit buy or sell orders through the platform. Once submitted, orders cannot be canceled and must be executed at market price or limit price.
· Price Volatility: Due to the high volatility of cryptocurrency prices, users bear the risks associated with price fluctuations. BitTap makes no promises or guarantees regarding the outcome of trades.
4. Fees and Charges
· A certain percentage of fees will be charged for each trade. The specific fee rate is determined based on the user’s VIP level, trading volume, and other factors. A detailed fee structure will be available on the platform’s fee page.
· Fees will be automatically deducted from the user’s account upon the completion of a trade.
5. Account Security
· Users are responsible for safeguarding their account information and security measures (such as two-factor authentication, passwords, etc.). BitTap is not liable for any loss of funds due to user negligence.
· BitTap will use advanced encryption and security protection measures to ensure the security of platform transactions and user information.
6. Risk Warnings
· Market Volatility Risk: The cryptocurrency market is highly volatile, and users may face partial or total loss of funds due to market changes. Users should trade according to their risk tolerance.
· Technical Risk: The platform may be affected by technical attacks or system upgrades, which could delay, suspend, or interrupt trades. BitTap is not responsible for any trading losses caused by these events.
· Regulatory Risk: Cryptocurrency regulations vary by country, and users must understand and comply with the relevant laws and regulations in their region.
7. Anti-Money Laundering (AML) and Compliance
· Users must cooperate with the platform’s KYC and AML policies, providing true identity information and proof of fund sources.
· The platform reserves the right to investigate suspicious transactions and report them to the relevant regulatory authorities based on risk assessment.
8. Trading Limits
· The platform may set daily trading and withdrawal limits based on the user’s account status and risk level to ensure transaction security.
· If abnormal trading activity or violation of platform rules is detected, BitTap reserves the right to limit the user’s trading privileges or freeze the account.
9. Termination of Services and Account Closure
· Users may request to close their accounts at any time, provided all transactions have been settled and no unfinished business remains.
· BitTap reserves the right to close user accounts and ban users from using BitTap services if they violate the agreement or engage in illegal activities.
10. Amendments to the Agreement
BitTap reserves the right to modify, supplement, or update this agreement. Any changes will be communicated to users via platform announcements or email. If the user continues to use the platform after the changes, it will be considered as acceptance of the new terms.
