Terms & Conditions
By using the website www.bitazure.co & Mobile Applications:
BitAzure, is a Partnership concern under the laws of India (herein after referred to as “BitAzure”, which term shall refer to and include its owners, directors, investors, employees, officers, representatives, affiliates, or other related parties). Persons availing of the BitAzure Services (as defined below), directly or indirectly, are referred to herein, as “Users”. Only natural or legal persons, resident in India, can be Users, and no person other than a natural or legal person with a valid, authorised account with BitAzure can avail of the BitAzure Services in any manner what so ever. This is an agreement between BitAzure and User, which together with the Privacy Policy (collectively referred to herein as the “Agreement”) shall be binding on the User. By clicking the “I Agree” button in the BitAzure app, User hereby agrees to be bound by the Terms and Conditions of Service set out here under for availing of the BitAzure Services and also the policies mentioned herein and to any modifications, amendments or updates made to the said Agreement.
Services:
- The Service operated by Company in the name of BitAzure allows buyers (“Buyers”) and sellers (“Sellers”), to buy and sell Bitcoin & other crypto currencies.
- The Service provided BitAzure also allows all registered users of the Service (“Members”) (Our service is only open to age of 18 years)
- Transfer Ripple, BITCOIN, BITCOINGOLD, BITCOIN CASH, ETHEREUM, LITECOIN, to other Members or other users of outside the Website.
- Send and Receive Ripple, BITCOIN, BITCOIN GOLD, BITCOIN CASH, ETHEREUM, LITECOIN
- Purchase and sell Ripple, BITCOIN, BITCOIN GOLD, BITCOIN CASH, ETHEREUM, LITECOIN, and Transfers.
- P2P (Peer To Peer) Transactions
Using Trade Platforms:
It is possible that the laws in the country where the user resides do not allow the usage of an online tool with the characteristics of BitAzure or any of its features. BitAzure does not encourage the violation of any laws and cannot be held responsible for violation of such laws.It is your responsibility to follow the laws of your country of residence and/or country from which you access this Website and the Service. As long as you agree to and comply with these Terms of Use, BitAzure grants to you a personal, non-exclusive, non-transferable, non-sub licensable, and limited right to enter and use the Website and the Service.
Verification & KYC:
Users shall provide the following details, along with digitized copies of supporting documents for such details, simultaneously with the application for a User Account on the BitAzure Platform, failing which the User Account shall not be activated:
1. Name in Full, as in the Passport/ Driving Licence/National ID, Aadhar Card
2. Contact Number
3. Email Address
4. Digitized copy of the PAN/Tan/Tax card
5. Bank Account Details including the Bank Account Number; Account Holder's Name in full.
6. Proof of Residence (Bank Statement, Bank Passbook front page)
7. KYC form with Signature.(Digital Signature)
ii. User hereby consents to retention of the above details and documents by BitAzure for its own use, for as long as BitAzure deems necessary. BitAzure shall be entitled to retain the above details and documents even for of those Users whose registration has been rejected by BitAzure.
Taxes:
BitAzure is a service provider only we are collecting Service Taxes under GST.
It is your responsibility to determine, collect, report, and submit any taxes applicable to the payments you make or receive in connection with the use of the Website and the Service to the appropriate tax authority. BitAzure is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction.
Risks and Limitation of Liability:
The use of the Website and Mobile Application Service may entail the following risks:
1. This paragraph is in addition to the the Risk Disclosure Statement. Trading markets are volatile and shift quickly in terms of liquidity, market depth, and trading dynamics. You are solely responsible and liable: for any and all trading and non-trading activity on the Site and for your account on the Site; and, for knowing the true status of any position or contract with any other party on the Site, even if presented incorrectly by the Site at any time. You acknowledge and agree: to be fully responsible and liable for your trading and non-trading actions and inactions on the Site and all gains and losses sustained from your use of the Site and any of the Services; to be responsible for any negative balance in your account(s) on the Site; to be fully responsible and liable for all of your obligations with respect to any financing activities on the Site; and, to be fully responsible for safeguarding access to, and any information provided through, the Site and any of the Services, including, but not limited to, private keys, usernames, passwords, and bank account details.
There is no guarantee against losses on the Site. You may lose more than is in your various wallets on the Site if you engage in financing on the Site or if there is a force majeure event. When financing is used for trading, the loan carries risk if, among other things, the value of your Digital Tokens drops. If the value of your Digital Tokens drops below a certain level, you are responsible for responding to this market circumstance with cash or additional Digital Tokens satisfactory to BitAzure. Failure to respond can result in the forced-liquidation of Digital Tokens in your account. BitAzure cannot guarantee to stop losses even with the ability to force-liquidate any of your positions (due to, for example, market volatility and liquidity).
BitAzure will not be and is not responsible for any Financing Provider losing funds or Digital Tokens to any Financing Recipient on the Site or for any losses incurred by a Financing Recipient or any other party on the Site.
2. Bitcoin and other cryptocurrency transactions are technically irreversible once it hits the network. The Bitcoin you buy will be sent to your BitAzure wallet or to your own Bitcoin address provided. If you lose or delete your own Bitcoin wallet, you will lose your Bitcoin in it and the same cannot be restored. The Bitcoin wallet address provided to you by BitAzure is only a way for you to deposit or accept Bitcoin into your BitAzure wallet. The owner of these Bitcoin wallet addresses will be BitAzure and the out going transactions from these Bitcoin wallet addresses will not be related to you or to your BitAzure account. When you send out Bitcoin from BitAzure wallet to other Bitcoin address, the “From” address for such Bitcoin transaction will be a temporary address and it wont be same as the Bitcoin wallet address provided to you. If there are any chances of reversals or pay-back for a Bitcoin transaction you initiated from BitAzure, it will be your responsibility to explicitly provide your Bitcoin address provided by BitAzure to receive such Bitcoin payment. Any Bitcoin that is not send to your Bitcoin provided Bitcoin wallet address cannot be claimed to be from you. You also can neither request any reversals of such transaction nor request for the credit of those Bitcoin into Bitcoin balance in your account at BitAzure.
3. Bitcoin value tends to fluctuate on a minute to minute basis, due to which there may be increase or decrease in the value of the Ripple. Bitcoin are subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading in Ripple.
4. Bitcoin is an as-yet autonomous and largely unregulated worldwide system of value transfer between individuals. It is not backed by any government or commodities and hence may be susceptible to risks not generally associated with government or central bank backed currencies.
5. There is also the risk of loss of confidence in Bitcoin trading, which could collapse demand relative to supply. For example, confidence might collapse in Bitcoin because of unexpected changes imposed by the software developers, the creation of superior competing alternatives, a deflationary or inflationary spiral, or due to governmental actions. Confidence might also collapse because of technical problems, for instance, if the anonymity of the system is compromised, or if any entity is able to prevent any transactions from settling.
6. There may be additional risks that we have not foreseen or identified in these Terms of Use.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Ripple.
We use our banking service providers only for the receipt of client moneys and making payments. Our banking service providers do not transfer Ripple, exchange Ripple, or provide any services in connection with Ripple.
7. Customer buy, sell and send, receive Bitcoin and other crypto currencies your own risk only.
No Advice:
BitAzure does not provide any investment advice or advice on trading techniques, models, algorithms, or any other schemes.
Jurisdiction:
These Terms of Use shall be governed and construed in accordance with the laws of India. The parties agree to irrevocably submit to the exclusive jurisdiction of the courts in Coimbatore Jurisdiction ,India, for the resolution of any disputes arising from these Terms of Use. BitAzure may also consider arbitration as the appropriate mechanism for dispute resolution.
Miscellaneous:
These Terms contain the entire agreement, and supersede all prior and contemporaneous understandings between the parties regarding the Services.
In the event of any conflict between these Terms and any other agreement you may have with BitAzure, the terms of that other agreement will prevail only if these Terms are specifically identified and declared to be overridden by such other agreement.
We reserve the right to alter, amend or modify these Terms from time to time, in our sole discretion. We will provide you with notice of such changes by sending an e-mail, providing notice on the homepage of the Website and/or by posting the amended Terms via the applicable BitAzure websites and mobile applications and updating the "Last Updated" date at the top of these Terms.
The amended Terms will be deemed effective immediately upon posting for any new users of the Services. In all other cases, the amended Terms will become effective for preexisting users upon the earlier of either:
1) The date User click or press a button to accept such changes or;
2) The date User continues use of our Services after BitAzure provides notice of such changes or publishes new version of the Terms on the Website.
If you do not agree to any amended Terms, you must discontinue using our Services and contact us to terminate your account.
Our failure or delay in exercising any right, power or privilege under these Terms shall not operate as a waiver thereof.
The invalidity or unenforceability of any of these Terms shall not affect the validity or enforceability of any other of these Terms, all of which shall remain in full force and effect.
You may not assign or transfer any of your rights or obligations under these Terms without prior written consent from BitAzure, including by operation of law or in connection with any change of control. BitAzure may assign or transfer any or all of its rights under these Terms, in whole or in part, without obtaining your consent or approval.
THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE, FROM TIME TO TIME IN OUR SOLE DISCRETION. .... MAKECHANGES IN THE INFORMATION, PRODUCTS OR SERVICES DESCRIBED HEREIN AT ANY TIME WITHOUT PRIOR NOTICE...
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