Confirmed letter of credit vs unconfirmed bitcoins
By using this website " Site "and further by registering to use our Service, you "You, Your or Yourself" are agreeing to accept and comply with the terms and conditions of use stated below " Terms of Use ". You should read the entire Terms of Use carefully before you use this Site or any of the Services of this Site. Depending confirmed letter of credit vs unconfirmed bitcoins Your country of residence, you may not be able to use all the functions confirmed letter of credit vs unconfirmed bitcoins the Site.
As long as You agree to and actually comply with these Terms of Use, ACX grants to You a personal, non-exclusive, non-transferable, non-sub licensable and limited right to enter and use the Site and the Service.
By opening an account to use the Service " Account "You expressly represent and warrant:. You acknowledge that once an Instruction is placed it is irrevocable, and once a Transaction is matched, it will proceed immediately to settlement and delivery through the Platform. You acknowledge that, when a Confirmed letter of credit vs unconfirmed bitcoins is entered, ACX sends and receives Bitcoins from the buyer's and the seller's respective Accounts.
You confirm that in using ACX and holding and transacting in Bitcoins, you have considered the risks posed by such actions, including the risks that:. You are responsible for any tax liability arising from its holding or Transactions in Bitcoins and will indemnify the Company where the Company is obliged to pay tax on behalf of you in respect of your Account or any Bitcoins held, or bought or sold by you.
The trading of goods and products, real or virtual, as well as virtual currencies involves significant risk. Prices can and do fluctuate on any given day.
Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency or commodities - virtual or not - may be 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 anything on a market. ACX cannot cancel or reverse any Bitcoin-to-Bitcoin Transactions, as long as they are accepted and confirmed on the Bitcoin network. Once submitted to the Bitcoin network, Bitcoin Transactions are subject to confirmed letter of credit vs unconfirmed bitcoins for a period of time, awaiting confirmation by the Bitcoin network.
A Transaction is not complete until this verification has been complete, and Transactions will not be reflected in Your ACX Bitcoin balance until complete.
Bitcoin trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or confirmed letter of credit vs unconfirmed bitcoins commodities such as gold or silver, Bitcoin is a unique kind of currency, based by technology and trust. There is no central bank that can take corrective measure to protect the value of Bitcoins in a crisis or issue more currency.
Instead, Bitcoin is an as-yet autonomous and largely unregulated worldwide system of currency firms and individuals. Traders put their trust in a digital, decentralised and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity. Bitcoin trading is probably susceptible to irrational or rational bubbles or loss of confidence, which could collapse demand relative to supply.
For example, confidence might collapse in Bitcoin outside factors within Bitcoin such as confirmed letter of credit vs unconfirmed bitcoins government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse confirmed letter of credit vs unconfirmed bitcoins of factors within Bitcoin such as technical problems.
If confirmed letter of credit vs unconfirmed bitcoins integrity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any Transactions from settling. There may be additional risks that we have not foreseen or identified in our Terms of Use. You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Bitcoins.
Unless otherwise specified, all Materials on this Site are the property of ACX and are protected by copyright, trademark and other applicable laws. The software, text, images, graphics, data, prices, trades, charts, graphs, video and audio used on this Site belong to ACX. The Trademarks and Material should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, confirmed letter of credit vs unconfirmed bitcoins, collected or distributed in any form or by any means, whether manual or automated.
The use of any such Materials on any other Site or networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, trademark and other applicable laws and could result in criminal or civil penalties. This Site is for your personal and non-commercial use only.
We are vigilant in maintaining the security of our Site and the Service. By registering with us, you agree to provide ACX with current, accurate, and complete information about yourself as prompted by the registration process, and to keep such information updated. You further agree that you will not use any Account other than your own, or access the Account of any other Member at any time, or assist others in obtaining unauthorised access.
Any attempt to do so or to assist others Members or otherwiseor the confirmed letter of credit vs unconfirmed bitcoins of instructions, software or tools for that purpose, will result in the Accounts of such Members being terminated. Termination is not the exclusive remedy for such a violation, and ACX may elect to take further action against You.
You also are confirmed letter of credit vs unconfirmed bitcoins for maintaining the confidentiality of Your Account information, including your password, safeguarding your own Bitcoin, and for all activity including Transactions that are posted to Your Account. If there is suspicious activity related to Your Account, we may, but are not obligated, to request additional information from you, including authenticating documents, and to freeze any Transactions pending our review.
You are obligated to comply with these security requests, or accept termination of Your Account. You are required to notify ACX immediately of any unauthorized use of Your Account or password, or any other breach of security by email addressed to support acx.
Any Member who violates these rules may be terminated, and thereafter held liable for losses incurred by ACX or any user of the Site. You must not use confirmed letter of credit vs unconfirmed bitcoins Site or Services in any way that causes, or may cause, damage to the Site, our Services or the business of ACX, including undertake any act or omission that causes, or may cause, disruption or impairment to the availability or accessibility of the Site or our Services; If You become aware, or confirmed letter of credit vs unconfirmed bitcoins reasonably be aware, of any request or demand made of You to engage in any act or conduct by which You or a third party gains unfair or undue financial or other advantage, including but not limited to dishonest or corrupt conduct, or any conduct in breach of any anti-corruption law applicable to the Site or our Services, then You must promptly report any such circumstances, act or conduct to us in writing.
You must not use this Site to copy, store, host, transmit, send, use, publish or distribute any material which consists of or is linked to any spyware, computer virus, Trojan horse, worm, keystroke logger, rootkit or other malicious computer software. You must not conduct any systematic or automated data collection activities including without limitation scraping, data mining, data extraction and data harvesting on or in relation to this Site without prior written notification and obtaining our express written consent.
You must not intentionally or unintentionally use TOR confirmed letter of credit vs unconfirmed bitcoins any other anonymous network or protocol to access the Site or our Services. Any user found or suspected of doing so will be marked as suspicious and possibly denied access. You must agree not to access our Site or Services by any means other than the interfaces we provide for use in accessing them.
Finally, You agree that You will not use the Service to perform confirmed letter of credit vs unconfirmed bitcoins activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking. Identification of the bank account to or from which funds are transferred may also be requested. In certain cases notarization of certain documents may be requested.
Transactions may be frozen until the identity check has been considered satisfactory by ACX as required by applicable money laundering laws. ACX may request additional identification information at any time at the request of any competent authority or by application of any applicable law or regulation. ACX accepts no responsibility for any loss or damages if you provide us with any wrong or false information, including but not limited to, incorrect wallet IDs.
ACX has no responsibility for ensuring that a third party you are dealing with will or is authorised to complete the Transaction. ACX has no control over or liability for the delivery, quality, safety, legality or any other confirmed letter of credit vs unconfirmed bitcoins of any goods or services that you may purchase or sell to or from a third party.
If there are any problems with the way in which a third party has transacted with you, or has provided services to You, You must handle them directly with that third party. You may terminate this agreement with ACX, and close Your Account at any time, following settlement of any pending Transactions.
You also agree that ACX may, by giving notice, in its sole discretion terminate Your access to the Site and to Your Account, including without limitation, our right to: Additionally, we may, in appropriate circumstances and at our discretion, suspend or terminate Accounts of Members for any reason, including without limitation:. Members agree that ACX will not be liable to them or to any third party for termination of their Account or access to the Site.
The suspension of an Account shall not affect the payment of the commissions due for past Transactions. Upon termination, Members shall communicate a valid bank account to allow for the transfer of any currencies confirmed letter of credit vs unconfirmed bitcoins to their account. The said bank account shall be held by the Member. Bitcoins may be transferred to a valid bank account only after conversion into a currency. ACX shall transfer the currencies as soon as possible following confirmed letter of credit vs unconfirmed bitcoins Member's request in the time frames specified by ACX.
ACX will send to you the credit balance of your account, however in circumstances a number of intermediaries may be involved in an international payment and these or the beneficiary bank may deduct charges.
We will use reasonable efforts to ensure that such charges are disclosed to you prior to sending your payment, however where they cannot be avoided, you acknowledge that these charges cannot always be calculated in advance, and that you agree to be responsible for such charges.
All Bitcoins and Fiat Money are still under the wilful ownership of the Members and only held in trust on behalf of the User for the ability to access our Services. Fiat Money is ultimately controlled by the bank providers of the Partnered Local Companies. Disruption including but not limited to delays of money transfer and frozen account may occur due to factors outside the Partnered Local Company control.
They include but are not limited to banking system failure and legal obligation EG: ACX may connect to other exchanges to provide more volume to an order book. Some trades may be executed with traders on other exchanges.
In this case ACX acts as agents to fulfil all order execution responsibilities and will pay all relevant fees. This is to incentivize more volume on the order book. We may provide access to certain parties to access specific data and information through our API Application Programming Interface or through widgets. We also may provide widgets for your use to put our data on Your Site.
You are free to use these in their original unmodified and un-altered state. ACX makes no representations whatsoever about any other Site which you may access through this Site. The Site may provide links or other forms of reference to other websites "External Web Sites" or Resources over which we do not have control "External Web Sites".
In such case you acknowledge that ACX is providing these links or references to you only as a convenience. ACX is not responsible for the availability of, and content provided on, third party Sites.
You are requested to review the policies posted by other Sites regarding privacy and other topics before use. ACX is not responsible for third party content accessible through the Site, including opinions, advice, statements, prices, activities and advertisements, and you shall bear all risks confirmed letter of credit vs unconfirmed bitcoins with the use of such content.
It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature. For the avoidance of doubt we do not provide any investment advice in connection with the Services contemplated by these Terms of Use. We may provide information on the price, range, volatility of Bitcoins and events that have affected the price of Bitcoins but this is not considered investment advice and should not be construed as such.
Any decision to purchase or sell Bitcoins is your decision and we will not be liable for any loss suffered. Our business model, and our Service, consists of facilitating the buying, selling and trading of Bitcoins and their use to purchase goods in an unregulated, international open payment system.
Email messages sent over the Internet are not secure and ACX is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats; you are welcome to send PGP encrypted emails to us. The instructions and keys to do so are available upon request. The law of Hong Kong will govern these Terms of Use. Any final award rendered against either party in any action or proceeding shall be conclusive as to the subject confirmed letter of credit vs unconfirmed bitcoins such final judgment and may be enforced in other jurisdictions in any manner provided by law.
These Terms of Use constitute the entire agreement between you and ACX with respect to the subject matter hereof and supersede and replace all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter. Any waiver of any provision of the Terms of Use by a party will be effective only if in writing and signed by a party. To the extent permitted by law, ACX will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or wilful deceit or fraud.
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