F1CX Terms of Service
PLEASE READ THESE TERMS OF SERVICE CAREFULLY, INCLUDING THE BINDING ARBITRATION PROVISION CONTAINED IN SECTION 20. BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE BOUND BY THESE TERMS OF SERVICE AND ALL TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT ACCESS OR USE OUR SERVICES.
Terms of Service
These Terms of Service and any terms expressly incorporated herein (“ Terms”) apply to your access to, and use of, any services provided by F1CX, Marinecoin Core Dvelopers (“F1CX,” “we,” “us” or “our”), including but not limited to our websites located at www.f1cx.com
(the “Site”) and mobile applications, our Hosted Wallet services, and the exchange services provided by us as described in these Terms (collectively, the “Services”). These Terms do not alter in any way the terms or conditions of any other agreement you may have with F1CX for products, services or otherwise. If you are using the Services on behalf of any entity, you represent and warrant that (a) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization and (b) you are authorized to accept these Terms on such entity’s behalf and that such entity agrees to be responsible to us if you violate these Terms. F1CX reserves the right to change or modify these Terms at any time and in our sole discretion. If F1CX makes changes to these Terms, we will provide notice of such changes, such as by sending you a notification, providing notice through the Services, and/or updating the “Last Updated” date at the top of these Terms. Your continued use of the Services will confirm your acceptance of the revised Terms. If you do not agree to the amended Terms, you must stop using the Services. We encourage you to frequently review the Terms to ensure you understand the terms and conditions that apply to your access to, and use of, the Services. If you have any question regarding the use of the Site, please contact [email protected]
1. KEY DEFINITIONS
Capitalized terms not otherwise defined in these Terms will have the following meanings: “F1CX Account” means a user account accessible via the Services where Virtual Currency may be stored by F1CX on behalf of a user. “Virtual Currency" means bitcoin, marinecoin, litecoin, and other virtual currency that may be exchanged via the Services. "External Virtual Currency Address" means any Virtual Currency address or account that you own, or use, that is maintained outside of the Services, and is not owned, controlled, or operated by F1CX. "Hosted Wallet" means a Virtual Currency wallet, hosted and controlled by F1CX, that you use to store the Virtual Currency associated with your F1CX Account. You can send Virtual Currency to and from this wallet to and from External Virtual Currency Addresses.
2. ELIGIBILITY, REGISTRATION AND ACCOUNT
2.1 Eligibility. F1CX may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from certain states, territories, or jurisdictions (“Restricted Locations”). At this time, Restricted Locations include, but are not limited to, several U.S. states: AK, AR, CA, CT, FL, HI, ID, IA, KS, KT, LA, MD, MI, MS, NC, ND, NE, NH, NV, OH, OK, PA, SD, TX, VT, VA, WA, WY, and PR. The Services are intended solely for users who are 18 or older. You represent and warrant that you: (a) are of legal age to form a binding contract (at least 18 years old in the U.S.); (b) have not previously been suspended or removed from using our Services; (c) have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party; (d) are not located in, under the control of, or a national or resident of (i) any Restricted Locations, or (ii) any country to which the United States has embargoed goods or services; (e) are not identified as a “Specially Designated National” by the Office of Foreign Assets Control; (f) are not placed on the U.S. Commerce Department’s Denied Persons List; and (g) will not use our Services if any applicable laws in your country prohibit you from doing so in accordance with these Terms.
2.2 Number of F1CX Accounts. F1CX may, in its sole discretion, limit the number of F1CX Accounts that you may hold, maintain, or acquire.
2.3 F1CX Account Information and Security. In order to engage in any exchange transactions via the Services, you must create a F1CX Account and provide all of the required information that we request. By creating a F1CX Account, you agree to: (a) create a strong password that you do not use for any other website or online service; (b) provide accurate and truthful information; (c) maintain and promptly update your F1CX Account information; (d) maintain the security of your F1CX Account by protecting your password and restricting access to your F1CX Account; (e) promptly notify us if you discover or otherwise suspect any security breaches related to your F1CX Account; and (f) take responsibility for all activities that occur under your F1CX Account and accept all risks of any authorized or unauthorized access to your F1CX Account, to the maximum extent permitted by law.
for information about how we collect, use, and share your information.
4. YOUR GENERAL OBLIGATIONS TO USE THE SERVICES
4.1 Conditions and Restrictions. We may, at any time and in our sole discretion, refuse any exchange transaction or exchange bid submitted via the Services, impose limits on the exchange amount permitted via the Services or impose any other conditions or restrictions upon your use of the Services, without prior notice. For example, we may limit the number of open orders that you can establish via the Services or we may restrict exchanges from certain locations.
4.2 Accuracy of Information. You must provide any information required when creating a F1CX Account or when prompted by any screen displayed within the Services. You represent and warrant that all information you provide via the Services is accurate and complete.
4.3 Cancellations. You may only cancel an order initiated via the Services if such cancellation occurs before we execute the transaction.Once your order has been executed, you may not change, withdraw, or cancel your authorization for us to complete such transaction. If any order has been partially filled, you may cancel the unfilled remainder of that order at any time. We reserve the right to refuse any cancellation request associated with a market order once you have submitted such order.
4.4 Insufficient Funds. If you have an insufficient amount of Virtual Currency in your Hosted Wallet to complete an order via the Services, we may cancel the entire order or may fulfill a partial order using the amount of Virtual Currency currently available in your Hosted Wallet, less any fees owed to F1CX in connection with the execution of the exchange (as described in Section 8 below).
4.5 Taxes. It is your responsibility to determine what, if any, taxes apply to the exchange transactions you complete via the Services, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that we are not responsible for determining whether taxes apply to your trades or for collecting, reporting, withholding, or remitting any taxes arising from any trades.
4.6 Market Availability. F1CX may open or close any market for a Virtual Currency on the Site at any time, in its sole discretion. If a market for a particular Virtual Currency is closed, any open orders that you may have for such Virtual Currency will be credited back to your F1CX Account.
4.7 Currency Availability. F1CX retains the right, in its sole discretion, to include a Virtual Currency on the Site, and may remove any Virtual Currency from the Site at any time for any reason. Unless otherwise required by law or law enforcement, F1CX will make reasonable efforts to notify you of the likely removal of a Virtual Currency. If the market for a Virtual Currency is closed on the Site, you will have 14 days to push the amounts remaining in your F1CX Account associated with such Virtual Currency to your External Virtual Currency Address. F1CX will not be liable to you for any losses, liability or expenses related to the removal of a Virtual Currency.
5. F1CX ACCOUNT
5.1 Funding your F1CX Account. In order to complete an exchange via the Services (as described in Section 6), you must first load Virtual Currency to your Hosted Wallet. You may be required to verify that you control the External Virtual Currency Address that you use to load Virtual Currency to your Hosted Wallet.
5.2 Sending Virtual Currency to an External Virtual Currency Address. Provided that the balance of Virtual Currency in your F1CX Account is greater than any minimum balance requirements needed to satisfy any of your open positions, you may send any amount of Virtual Currency, up to the total amount of Virtual Currency in your F1CX Account, in excess of such minimum balance requirements, from your Hosted Wallet to an External Virtual Currency Address, less any fees charged by F1CX for such transactions (as described in the Fee Schedule (as defined in Section 8) at the time of your request to push Virtual Currency to an External Virtual Currency Address). You are solely responsible for the accuracy of the External Virtual Currency Address that you provide, and F1CX shall not be liable for sending Virtual Currency from your Hosted Wallet to an incorrect External Virtual Currency Address if that address matches the address you provided to us.
5.3 Load/Push Authorization. When you request that we send Virtual Currency to your External Virtual Currency Address from your F1CX Account, you authorize F1CX to execute such transaction using your Hosted Wallet via the Services.
6. EXCHANGE ORDERS AND TRADES
6.1 Authorization. When you submit a new exchange order via the Services, you authorize us to execute a transaction in accordance with such order on a spot basis and charge you any applicable fees (as described in Section 8 below).
6.2 Independent relationship. You agree that: (a) we are not acting as your broker, intermediary, agent, or advisor, or in any fiduciary capacity, and (b) no communication or information provided to you by us shall be considered or construed as advice.
6.3 Trade confirmation. Before a trade is placed, a confirmation dialogue summarizes the details of the proposed transaction, including the number of coins you are trying to buy or sell, the price, the applicable fees, and the total cost of the transaction. Once the Services execute your exchange transaction, your account’s order book will be updated with either the open trade request, or a closed order that was fulfilled. You agree that the failure of the Services to provide such confirmation shall not prejudice or invalidate the terms of such trade.
6.4 Market volatility. You agree that we are not liable for any price fluctuations in Virtual Currency. In the event of a market disruption or Force Majeure Event (as defined in Section 22.3), we may do one or more of the following: (a) suspend access to the Services; or (b) prevent you from completing any actions via the Services, including closing any open positions. We will not be liable for any losses suffered by you resulting from such actions. Following any such event, when exchange transactions resume, you acknowledge that prevailing market rates may differ significantly from the rates available prior to such event.
6.5 Exchange Settlement. Subject to the terms and conditions in these Terms, we will use commercially reasonable efforts to settle exchanges on a spot basis within two days of the date upon which users have agreed to execute an exchange via the Services.
7. RISK DISCLOSURE
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connections. You agree that we shall not be responsible for any communication failures, disruptions, errors, distortions, or delays you may experience when trading via the Services, however caused.
8.1 Amount of Fees. You agree to pay F1CX the fees for exchanges completed via our Services (“Fees”) as made available via the fee schedule at www.f1cx.com/documents/prices
(“ Fee Schedule”), which we may change from time to time. Any changes to the Fee Schedule will become effective as of the expiration of such notice period. The revised Fee Schedule will apply prospectively to any exchanges that take place following the effective date of such revised Fee Schedule.
8.2 Payment of Fees. You authorize us, or our designated payment processor, to charge or deduct funds from your Hosted Wallet for any applicable Fees owed in connection with exchange transactions you complete via the Services.
9. ELECTRONIC NOTICES
9.1 Consent to Electronic Delivery. You consent to receive electronically all communications, agreements, documents, receipts, notices, and disclosures (collectively, “Communications”) that F1CX provides in connection with your F1CX Account, Hosted Wallet, and/or use of the Services. You agree that F1CX may provide these Communications to you by posting them via the Services, by emailing them to you at the email address you provide, and/or by sending an SMS or text message to a mobile phone number that you provide. Your carrier's normal, messaging, data, and other rates and fees may apply to any mobile Communications. You should maintain copies of electronic Communications by printing a paper copy or saving an electronic copy. You may also contact us [email protected]
to request additional electronic copies of Communications or, for a fee, paper copies of Communications (as described below).
9.2 Hardware and Software Requirements. In order to access and retain electronic Communications, you will need a computer with an Internet connection that has a current web browser with cookies enabled and 128-bit encryption. You will also need to have a valid email address on file with F1CX and have sufficient storage space to save past Communications or an installed printer to print them.
9.3 Withdrawal of Consent. You may withdraw your consent to receive electronic Communications by sending a withdrawal notice [email protected]
If you decline or withdraw consent to receive electronic Communications, F1CX may suspend or terminate your use of the Services.
9.4 Requesting Paper Copies. If, after you consent to receive Communications electronically, you would like a paper copy of a Communication we previously sent you, you may request a copy within 30 days after the date we provided the Communication to you by contacting us as [email protected]
In order for us to send paper copies to you, you must have a current street address on file with F1CX. Please note that our Services operate exclusively online and it is very burdensome for us to produce paper copies of Communications. Therefore, if you request paper copies, you agree that we may charge you a processing fee, in the amount described in the Fee Schedule atwww.f1cx.com/documents/fees
for each page of Communication requested.
9.5 Updating Contact Information. It is your responsibility to keep your email address and/or mobile phone number on file with F1CX up to date so that F1CX can communicate with you electronically. If we send you an electronic Communication but you do not receive it because your email address or mobile phone number on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic Communications, we will be deemed to have provided the Communication to you. Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add F1CX to your email address book so that you will be able to receive the Communications we send to you. You can update your email address, mobile phone number, or street address at any time by logging into your F1CX Account or by sending such information [email protected] [email protected]
. If your email address or mobile phone number becomes invalid such that electronic Communications sent to you by F1CX are returned, we may deem your account to be inactive, and you may not be able to complete any transaction via our Services until we receive a valid, working email address or mobile phone number from you.
10. UNCLAIMED PROPERTY
If for any reason F1CX is holding Virtual Currency in your Hosted Wallet on your behalf, and we are unable to return your Virtual Currency to your designated External Virtual Currency Address after a period of inactivity, then we may report and remit such Virtual Currency in accordance with applicable state unclaimed property laws.
11. ACCEPTABLE USE
When accessing or using the Services, you agree that you will not violate any law, contract, intellectual property or other third-party right, or commit a tort, and that you are solely responsible for your conduct while using our Services. Without limiting the generality of the foregoing, you agree that you will not:
Use our Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying our Services, or that could damage, disable, overburden, or impair the functioning of our Services in any manner;
Use our Services to pay for, support, or otherwise engage in any illegal gambling activities; fraud; money-laundering; or terrorist activities; or other illegal activities;
Use any robot, spider, crawler, scraper, or other automated means or interface not provided by us to access our Services or to extract data;
Use or attempt to use another user’s account without authorization;
Attempt to circumvent any content filtering techniques we employ, or attempt to access any service or area of our Services that you are not authorized to access;
Introduce to the Services any malware, virus, trojan worms, logic bombs, or other harmful material;
Develop any third-party applications that interact with our Services without our prior written consent, or unless otherwise agreed;
Provide false, inaccurate, or misleading information;
Post content or communications that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
Post content containing unsolicited promotions, political campaigning, or commercial messages (SPAM) or any chain messages or user content designed to deceive or trick the user of the Service;
Post content containing private information of any third-party including, but not limited to, addresses, phone numbers, email addresses, Social Security numbers and credit card numbers; and
Encourage or induce any third party to engage in any of the activities prohibited under this Section.
We will own exclusive rights, including all intellectual property rights, to any feedback, suggestions, ideas, or other information or materials regarding F1CX or our Services that you provide, whether by email, posting through our Services, or otherwise (“Feedback”). Any Feedback you submit is non-confidential and shall become the sole property of F1CX. We will be entitled to the unrestricted use and dissemination of such Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you. You waive any rights you may have to the Feedback (including any copyrights or moral rights). Do not send us Feedback if you expect to be paid or want to continue to own or claim rights in them; your idea might be great, but we may have already had the same or a similar idea and we do not want disputes. We also have the right to disclose your identity to any third party who is claiming that any content posted constitutes a violation of their intellectual property rights, or of their right to privacy. We have the right to remove any posting you make on our site if, in our opinion, your post does not comply with the requirements set out in this Section 12 or in Section 11 (Acceptable Use) Further, you agree not to submit any Feedback that is defamatory, illegal, offensive, or otherwise violates any right of any third party, or breaches any agreement between you and any third party.
A user may report to F1CX any Feedback that he or she believes violates these Terms, and F1CX may remove the Feedback from the Site, suspend or terminate the account of the user who submitted the Feedback, and/or take any additional action to enforce these Terms against such user.
Also, in accordance with the Digital Millennium Copyright Act (DMCA) and other applicable law, F1CX has adopted a policy of terminating, in appropriate circumstances and at our discretion, account holders who are deemed to be repeat infringers. We also may, at our discretion, limit access to the Services and terminate the accounts of any users who infringe any intellectual property rights of others, whether or not there is any repeat infringement.
Please see 17 U.S.C. § 512(c)(3) for the requirements of a proper notification. If you knowingly misrepresent that any material or activity is infringing, you may be liable for any damages, including costs and attorneys’ fees, F1CX or the alleged infringer incurs because we relied on the misrepresentation when removing or disabling access to the material or activity.
13. COPYRIGHTS AND OTHER INTELLECTUAL PROPERTY RIGHTS
Unless otherwise indicated by us, all copyright and other intellectual property rights in all content and other materials contained on our website or provided in connection with the Services, including, without limitation, the F1CX logo and all designs, text, graphics, pictures, information, data, software, sound files, other files, and the selection and arrangement thereof (collectively, “ F1CX Materials”) are the proprietary property of F1CX or our licensors or suppliers and are protected by U.S. and international copyright laws and other intellectual property rights laws.
We hereby grant you a limited, nonexclusive, non-assignable, and non-sublicensable license to access and use the F1CX Materials for your personal or internal business use. Such license is subject to these Terms and does not permit (a) any resale of the F1CX Materials; (b) the distribution, public performance or public display of any F1CX Materials; (c) any modification or other making of any derivative uses of the F1CX Materials, or any portion thereof; or (d) any use of the F1CX Materials other than for their intended purposes. The license granted under this Section will automatically terminate if we suspend or terminate your access to the Services.
“F1CX,” the F1CX logo, and any other F1CX product or service names, logos, or slogans that may appear on our Services are trademarks of F1CX, in the United States and in other countries, and may not be copied, imitated, or used, in whole or in part, without our prior written permission. You shall not use any trademark, product or service name of F1CX without our prior written permission, including without limitation any metatags or other “hidden text” utilizing any trademark, product, or service name of F1CX. In addition, the look and feel of our Services, including all page headers, custom graphics, button icons, and scripts, is the service mark, trademark, and/or trade dress of F1CX and may not be copied, imitated, or used, in whole or in part, without our prior written permission. All other trademarks, registered trademarks, product names, and company names or logos mentioned through our Services are the property of their respective owners. Reference to any products, services, processes, or other information, by name, trademark, manufacturer, supplier, or otherwise does not constitute or imply endorsement, sponsorship, or recommendation by us.