This Agreement sets out the terms of service of electronic currency exchange service provided by legal entity "NICENVEST OÜ" with registered address Estonia, Harju maakond, Tallin, Kesklinna linnaosa, Ravala 5 and reg. no.: 14611368, doing business as 5bit.me exchange place. Using the services of 5bit.me exchange place means that the User fully accepts all terms and conditions of the Agreement. In case of disagreement with the Agreement, the User should not perform any operations.
All payment cards details are not failed and kept by Legal entity NICENVEST OÜ.
5bit.me exchange place – partially automated system “5bit.me”, located on the Internet at https://5bit.me.
Customer – a private person willing to use the service, which is provided by the 5bit.me me exchange place, and who has agreed with all terms an conditions determined in this Agreement.
Payment system – the online payments company or the money transfer company. The online money company transfers (i.e.PayPal) serve as electronic alternatives to traditional paper methods like checks and money orders. Money transfer company (i.e. Moneygram) works with individuals and businesses through a network of agents and clients of financial institutions and transfers official currencies of various governments.
Recipient Account Details – number, wallet, email or any other indication of Customer account in the Payment system which is stated in the Customer Order for the 5bit.me exchange place to send the Payment units.
Order – information provided by the Customer via technical means of the 5bit.me exchange place in digital format indicating their intention to use the 5bit.me exchange place under the conditions proposed by the 5bit.me exchange place and stated in Order details.
With the help of technical means of the 5bit.me exchange place by way of making an Order the Customer authorizes 5bit.me exchange place for a compensation in its own name and at the Customer expense receives and transfers the amount of the Payment units declared by the Customer and stated in the Order details provided by the Customer.
Administration of 5bit.me exchange place is not responsible and does not cover losses caused by incorrect or unauthorized use of the 5bit.me marketplace, and user errors committed in completing the forms of transaction, which can lead to the transfer of funds to the account specified by mistake and also lead to delays in processing applications and payouts.
The Cryptocurrency is involved in significant amount of risk. Prices can fluctuate on any given day. Because of such price fluctuations, you may gain or lose value of your assets at any given moment. Any currency may be subject to large swings in value and may even become absolutely worthless. There is always an inherent risk that losses will occur as a result of buying or selling anything on the market. Unlike most currencies, which are supported by government reserves or other legal entities. The currency is absolutely decentralized, which means there is no authority that can take corrective measure to protect the cryptocurrencies value in a crisis or issue more currency. Cryptocurrency is an autonomous and mostly unregulated worldwide payment system.
Use of 5bit.me exchange place is strictly prohibited for persons under 18 years or for persons under the age of majority.
The warranty period for provided services under this agreement is 48 hours from the moment of execution of the subject of the agreement with 5bit.me exchange place.
In the case of not sending the funds within 48 hours by 5bit.me exchange place to the Customer account specified in the Order (excluding weekends and public holidays), the Customer may request the cancellation of the contract and refund in full. Funds should be returned to same mean of payment in case of order cancellation. In case of cancellation of the application, return is made to the user within 24 hours.
All disputes connected to the provision of sales transactions to the Customer will be settled by the way of negotiations between the Customer and the 5bit.me exchange place administration based on the conditions of this Agreement.
The Customer and the 5bit.me exchange place acknowledge that the digital form of this Agreement is legally equal to the agreement executed in written form.
The administration of 5bit.me exchange place service reserves the right to itself at any moment to make modifications and additions to the given agreement unilaterally without prior notice.
The End User shall consent to the following provisions:
5bit.me exchange place uses a third party services and such third party’s affiliates services which enable you to place monetary deposits and perform transfer of payments within Partners website by making use of your existing credit card (as and if available and applicable) (the “Service” and the “Third Party Service Provider”). The Services do not include any additional service, and such third party services do not include providing and/or depositing the applicable Cryptocurrency at your account.
5bit.me exchange place may share and transfer (including cross border transfer) Personal Information with the Third Party Service Provider for the purpose of rendering the Services which will be made to Partners website via the use of your credit card. The Personal Information will be shared with the Third Party Service Provider after you select to execute such monetary payments by using the Services of the Third Party Service Provider. For the purpose of this section Personal Information shall include information that identifies or may identify you, including the information submitted by you through the registration form when you subscribe to the website such as your E-mail address, password, country and city and/or information provided through social websites or any other identifying information provided by you while using the services of our website.
In addition, we may transfer any Non-Personal Information provided by you through your use of the services on our website to the Third Party Service Provider in order to allow the Third Party Service Provider to perform preliminary examinations of Non-personal Information for the purpose of determining if you are qualified to use the services of such Third Party Service Provider (including the history of your transactions on the website which will be provided without any identifying information and solely for the purpose of performing the preliminary examinations).
By accepting these terms, you represent that any and all information you provide us is true and accurate. Any false or fraudulent information and/or use of the services rendered to you is prohibited.
You are not obligated by law to provide Partner and/or the Third Party Service Provider with any Personal Information. You hereby acknowledge and agree that you are providing Partner and/or the Third Party Service Provider with Personal Information at his/her own free will, for the purposes of rendering the Services.