Buy and sell digital currency
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A is a company having its registered office at 50 Val Fleuri in Luxembourg, L, in the the Grand Duchy of Luxembourg and registered with the number B This Agreement incorporates, and you hereby accept and agree to the applicable policies, website notifications and guidelines that are provided or made available to you, appear on our website or are referenced in this Agreement and which we may modify from time to time.
You may not transfer or assign any rights or obligations you have under this Agreement to any third party without our prior explicit written consent. We reserve the right to transfer or assign this Agreement or any right or obligation under this Agreement at any time without your consent. You hereby already consent to any such future transfer or assignment.
This does not affect your rights to close your account. By accessing or bitcoin how long does it take to get 6 confirmations of e1 the Services, printing or downloading materials from the Site, or otherwise using the Site, you agree on behalf of yourself or the company you represent to comply with and be legally bound by this Agreement. If you do not agree to any of the terms set forth in this Agreement, you may not access or use any of the Services.
Each time you access or use the Service to undertake a Transaction you must acknowledge and consent to the Charges and Exchange Rate as identified in Section 14 of this Agreement or otherwise on the Site. By proceeding with a Transaction, you manifest your understanding of and consent to the Charges and Exchange Rate.
If you do not understand or consent to the Charges and Exchange Rate, you may not proceed with an Exchange Transaction. You must not be acting on behalf of or for the benefit of, anyone else, unless you are opening the Account for company that you own or the company that employs you or has otherwise formally authorized you to open an account with us on their behalf.
If you are using our Services on behalf of a legal entity, you represent and warrant that you are authorized to bind that entity to these Terms. We may bitcoin how long does it take to get 6 confirmations of e1 or prohibit access to or use of all or some of our Services from certain locations in countries, depending on various regulatory requirements. We will make appropriate references and list the exceptions in the following sections of these Terms.
If you are a business account user which means that your account with us is opened and used primarily for purposes of conducting trade, running a business or exercising professional activities on a regular basisseveral provisions of these Terms may have limited applications to you due to the fact that you will not be considered a consumer within the meaning of the EU Payment Services Directive.
In particular, we may need to charge you additional fees for provision of additional information or conducting remedial and deterrent actions. For example, in case of unauthorized or disputed transactions, you will not benefit from certain provisions stipulated by Articles 72, 74, 76 and several other articles of the EU Payment Services Directive. We may amend or modify this Agreement by posting a revised Agreement on the Site and, where applicable, by notifying you 60 calendar days in advance about the upcoming changes and bitcoin how long does it take to get 6 confirmations of e1 by email.
By continuing to access or use the Site or Services after we have posted a revised Agreement, you agree to be bound by the modified Agreement. In the event that you do not agree to be bound by the modified Agreement, you must cancel your BitPesa Account and otherwise cease accessing or using the Site and Services. You further agree that we may a modify or discontinue any portion of the Services, and b suspend or terminate your access to the Services, at any time, and from time to time, without notice to you in certain, bitcoin how long does it take to get 6 confirmations of e1 circumstances described herein.
You agree that we shall not be liable bitcoin how long does it take to get 6 confirmations of e1 you or any third party for any modification or termination of the Services, or suspension or termination of your access to the Services, except to the extent otherwise expressly set forth herein. Capitalized terms not otherwise defined in context are defined at the end of this Agreement.
If your Exchange Transaction involves selling virtual currencies for National currencies, you are responsible for buying Bitcoin from a third party, for example, at another exchange. All Transactions are subject to verification. In particular, blockchain transactions are subject to obtaining a certain number of blockchain confirmations, before such transactions can be validated. As required by applicable laws and regulations, we may reject a Transaction and we will inform you accordingly about this fact and also provide you with reasons for our refusal, unless we are not permitted to make such disclosures based on applicable regulations.
Once you confirm an Exchange Transaction, you have irrevocably authorized us to debit the designated amount of virtual currency for example, Bitcoin from your BitPesa Account, and you may not cancel the Exchange Transaction. The corresponding amount of victual currencies such as Bitcoin debited from your BitPesa Account becomes the property of BitPesa. Upon debiting the designated amount of a virtual currency from your BitPesa Account, we will deposit the designated amount of National Currency, less the applicable Charges, to the designated Payee Account, specified by you.
We will notify you and, if applicable, the Designated Payee of the successful transfer of National Currency to the Payee Account. If you are using a bank account, once you confirm a Purchase Transaction, depending on the payment method you use, you will be either required to transfer to use the corresponding amounts in the National Curreny from your bank account or another payment instrument, or you will irrevocably authorize us to debit the designated amount of National Currency from the valid bank account linked, and you may not cancel the Purchase Transaction.
All National Currency received by us becomes the property of BitPesa. If you are using a mobile money account, once you confirm a Purchase Transaction, you will receive instructions on how to remit payment to BitPesa.
Once you remit payment, you may not cancel the Purchase Transaction. All National Currency received becomes the property of BitPesa. Upon receipt of National Currency, we will deposit the designated amount of Bitcoin, less the applicable Charges, to the designated Payee Account. If we do not consummate the Transaction during the Exchange Period, we may either: In connection with a Transaction, we will attempt to confirm that the validity bitcoin how long does it take to get 6 confirmations of e1 the Payee Account or Payor Account to the extent possible; however, BitPesa cannot confirm, and it is your responsibility to ensure, that the Payee Account or Payor Account belongs to your intended recipient.
If we are unable to deliver the designated National Currency or Bitcoin to the designated account, our only obligation, and your sole recourse, is to terminate the Transaction. If we terminate the Transaction, our only obligation, and your sole recourse, will be for BitPesa to credit your BitPesa Account for the amount of that Transaction, unless we are required to freeze the funds due to, for example, suspected risks of money laundering, illegal activities, online fraud and in some other cases, as required by applicable regulations.
We reserve the right to refuse to process or to cancel any pending Transaction as required by law or in response to a subpoena, court order, or other binding government order. All blockchain-based transactions are non-reversible. BitPesa cannot reverse any Transaction that has been communicated to and confirmed, for example, by the Bitcoin network.
At your request through the Site, we will use reasonable bitcoin how long does it take to get 6 confirmations of e1 to transfer to your designated third party Bitcoin wallet or account, any Bitcoin remaining at any time in your BitPesa Account that is not subject to a pending or completed Exchange Transaction. Please be advised that transferring Bitcoin to or from your BitPesa Account may not be instantaneous. Once you submit your request to the Bitcoin network to transfer Bitcoin to BitPesa, or we submit our request to transfer Bitcoin to you, the transfer will be unconfirmed for a period of time usually less than one hour, but could last up bitcoin how long does it take to get 6 confirmations of e1 one day or more pending sufficient confirmation of the transaction by the Bitcoin network.
The transfer is not complete while it is in a pending state. Bitcoin associated with transfers that are in a pending state will not be included in your BitPesa Account balance or be available to conduct Exchange Transactions. The risk of loss from holding Bitcoin in a BitPesa Account or in a pending state can be substantial: However, we are not responsible for, and you agree to hold us harmless against, fluctuations in the Exchange Rate while Bitcoin is in your own possession, for example, with a third-party custodian, or while a transfer of Bitcoin to or from your BitPesa Account is pending.
Please be advised that transferring National Currency from a bank account or mobile money account may not be instantaneous. Transactions within the EEA or SEPA area can normally be completed by the end of the next business day from the day, your Payment Order has been duly received provided that all payment instructions have been provided correctly by all parties involved. National Currency associated with transfers that are in bitcoin how long does it take to get 6 confirmations of e1 pending state will not be included in your BitPesa Account balance or be available to conduct Purchase Transactions.
The regulatory framework in relation to transactions involving virtual currencies is still emerging. It is possible that your transactions are or may be in the future subject to various reporting, tax or other liabilities and obligations. There is a risk that your transactions may be affected by system failures resulting from adverse events, natural disasters and other emergencies and unforeseen significant changes in the external environment.
With regards to opportunity loss e. You may not be able to access your virtual currency wallet if you lose your private key or password to your external virtual currency wallet or an account, with the result that your virtual currency may be permanently lost for you.
BitPesa will not be able to help you in this case you will hold us harmless against the loss of your password or key to such external virtual currency wallets. You accept the risk that an Transaction may be delayed for any reason and you agree to hold BitPesa harmless from and against any damages or injury arising out of or related to such delay. To register as a Customer on the Site, you will be required to provide some or all of the following information, upon registration and from time to time thereafter:.
Identification and verification of the third party Bitcoin wallet or account from which you will transfer Bitcoin to or from your BitPesa Account. Some countries and jurisdictions are not eligible for the use of BitPesa Services. You must be a resident of an eligible country or jurisdiction and not be a resident in any of the following countries or jurisdictions:.
All information you provide must be complete and accurate in all respects. It is your obligation immediately to update any incomplete or incorrect information in your BitPesa Account. All information you provide is subject to our own review and verification. Please refer to our privacy policy for additional information. All information you provide to us is subject to storage by BitPesa for a period of seven 7 years or such other period as BitPesa may determine in order to comply with applicable bitcoin how long does it take to get 6 confirmations of e1 and business practices for risk management and security reasons, and archival and record-keeping purposes.
If you have previously applied for another BitPesa Account with any of the same information, we reserve the right not to approve the registration of a new BitPesa Account and you may be required to access and use your existing BitPesa Account. We may be prohibited from providing services or entering into relationships with certain bitcoin how long does it take to get 6 confirmations of e1 and entities.
In the event that we are required to block assets associated with your BitPesa Account in accordance with government sanctions programs or other legal requirements, we may i deactivate or cancel your BitPesa Account or block user activity, ii transfer Bitcoin from your BitPesa Account to an originating source or to another account specified by governmental authorities, or iii require you to transfer your Bitcoin out of your BitPesa Account within a certain period of time.
BitPesa is not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with applicable law, the guidance or direction of any regulatory authority or governmental agency, or any writ of attachment, lien, levy, subpoena, warrant or other legal order.
Because of the numerous factors involved in our evaluation of an application for registration of a BitPesa Account, we reserve the right to decline any application for a BitPesa Account registration or any request for a proposed Transaction, for any reason, permitted by applicable regulations and our internal policies. Upon successful completion of the registration process, we will establish your BitPesa Account.
You are required not to re-use a combination of login and password for your BitPesa Account for any other online service or website, to protect the security of your BitPesa Account, not to share your Account credentials with any other third party.
You are responsible for all Transactions that take place on your BitPesa Account using your login and password. You are responsible for maintaining adequate security and control of any and all logins, passwords, hints, personal identification numbers PINsor any other codes that you use to access the Services. You are responsible for keeping your email address and other contact information up to date in your BitPesa Account in order to receive any notices or alerts that we may send you.
We assume no responsibility for any loss that you may sustain due to compromise of your email credentials, loss of a personal device or failure to follow or act on any notices or alerts that we may send to you. BitPesa representatives will never ask you for your password, so any email, phone call or other communication requesting your password should be treated as unauthorized and suspicious and forwarded to us for further investigation.
If you do share your BitPesa login credentials with a third party for any reason, including because the third party has promised to provide you additional services such as account aggregation or information services, the third party will have access to your Account and your personal information, and you may be responsible for actions taken using your password and login credentials.
BitPesa reserves the right to establish and change transaction limits, in our sole discretion. All transactions from your BitPesa Account will be effected by Transfer Instructions authorized with the login and password given to you when you register, or by such other method as we may prescribe from time to time.
You may not effectuate any Exchange Transactions from your BitPesa Account in the event that you do not have sufficient funds in your BitPesa Account to meet the value of the Exchange Transaction and Charges applicable thereto. We will verify and confirm all Transactions effected from your BitPesa Account to you by email or other designated mode of communication.
Our records will be taken as correct unless the contrary is proved. For transaction denominated in euros is conducted between account established in SEPA area, we will ensure that the amount is executed by no later than the end of the following Business Day. This does not apply to transactions conducted at leas partially outside of the EEA, where different execution times may apply.
For all other Transactions not covered in senction 6. We may, at any time, refuse a transaction or attempted transaction submitted by you. The reasons for the refusal and any potential actions you can take to re-initiate the refused transaction will be communicated to you. We may refuse to execute a transaction, for example, in any of the following cases:.
If your attempted transaction is inconsistent with your account previous behavior or stated purpose or above previously established limits, we may request additional information or clarifications from you and must receive such information before processing new transactions initiated by you.
In case of a blockchain events such as hard forks, splits, airdrops or any other blockchain changes or modifications outside of our control, BitPesa will make reasonable efforts to keep you informed about such events, but does not assume any liability towards you in the event that you or a third party incur losses or damages as a result.
Our ability to manage online fraud, protect users from possible cases of unauthorized transactions, research and potentially rectify claims related to potentially unauthorized transactions, significantly depend on our ability to rely on technical and structural elements of the financial system we operate in and on strong authentication solutions available in various regions.
Any claim with respect to the unauthorized transaction must be communicated by you to us immediately, as soon as you notice any irregularity with your account history, and not later than 30 days from the transactional day.
