OctoBit.IO is an online tool, which enables to store, use, exchange and manage different cryptocurrencies such Bitcoin, Litecoin, Dogecoin, Namecoin, Reddcoin, Dash, Peercoin, Blackcoin and others using our wallet service. Our Services may evolve over time. This means we may make changes, replace, or discontinue (temporarily or permanently) our Services at any time for any reason with or without notice. In this case, you may be prevented from accessing or using our Services. If, in our sole discretion, we decide to permanently discontinue our Services, we will provide you with notice via our website.
By accessing or using the Site, you represent and warrant that you have not previously been suspended or removed from the Site. You must be an individual of at least 13 years of age. You can use our Services only if you can lawfully enter into an agreement to these Terms under applicable law. If you use our Services, you agree to do so in compliance with these Terms and with applicable laws and regulations. You further represent and warrant that you will not use the Site if the laws of your country prohibit you from doing so in accordance with these Terms.
Registration and Account
In order to access and use certain features on the Site, you must create an account with OctoBit.IO ("Account"). You agree to: (a) provide accurate, current and complete information when creating or updating an Account; (b) maintain and promptly update your Account information; (c) maintain the security and confidentiality of your login credentials and restrict access to your Account and your computer; (d) promptly notify OctoBit.IO if you discover or otherwise suspect any security breaches related to the Site; (e) activate Two-Step-Verification via a mobile application or SMS text messages; and (d) take responsibility for all activities that occur under your Account and accept all risks of unauthorized access without active Two-Step-Verification. OctoBit.IO will not be in any case responsible for an unauthorized access to accounts with inactive Two-Step Verification.
Account Suspension & Closure
We may, without liability to you or any third party, refuse to let you open an account, suspend your account, or terminate your account or your use of one or more of the Services. Such actions may be taken as a result of account inactivity, failure to positively identify yourself, if we believe your account has been compromised, in order for us to comply with laws or regulations, or your violation of the terms of this Agreement. If you have cryptocurrency remaining in an account, which has been suspended or closed, you will be able to access such cryptocurrency and withdraw them to an external cryptocurrency address (unless prohibited by law or a court order). If you are unable to login to your account because it has been suspended, you must contact us at [email protected] to process such withdrawal. If you have linked a bank account, debit card, or credit card to your account, we reserve the right to require you to provide further identifying information before processing such withdrawal or transfer.
You may terminate this Agreement at any time by closing your account and discontinuing use of the Services. Upon termination of this Agreement and your account, you remain liable for all transactions made while the account was open.
A Dormant Account is defined as a user account with no login or other activity for more than 180 days. OctoBit.IO may, but shall not be obligated to, move funds out of the account and into a secure Cold Storage account for safe keeping. When a user resumes activity on a dormant account, the Cold Storage funds can be retrieved by contacting support for a security review and reinstatement.
Transaction Limits and Refunds
OctoBit.IO reserves the right to change the deposit, withdrawal, conversion, storage, and velocity limits on your account as well as the availability of the Services as we deem reasonably necessary. Once a cryptocurrency transaction has been initiated, it cannot be reversed or refunded.
Confidentiality of Transmissions Over the Internet
OctoBit.IO cannot and does not guarantee the value of cryptocurrency. You acknowledge and agree that the value of cryptocurrency is highly volatile and that buying, selling, and holding cryptocurrency involves a high risk. Additionally, the cryptocurrency consensus network is solely responsible for verifying and confirming proposed transactions that you submit via the Services, and OctoBit.IO cannot and does not confirm, cancel, or reverse cryptocurrency-to-cryptocurrency transactions, other than confirmation of the cryptocurrency network’s completion of a transaction.
The cryptocurrency network is operated by a decentralized network of independent third parties. Once a transaction request has been submitted to the cryptocurrency network via the Services, the cryptocurrency network will automatically complete or reject the request and you will not be able to cancel or otherwise modify your transaction request. You acknowledge and agree that OctoBit.IO is not responsible for any errors or omissions that you make in connection with any cryptocurrency transaction initiated via the Services. The Services help you submit your cryptocurrency transaction request for confirmation to the cryptocurrency network. However, OctoBit.IO has no control over the cryptocurrency network and therefore cannot and does not ensure that any transaction request you submit via the Services will be completed. You acknowledge and agree that the transaction requests you submit via the Services may not be completed, or may be substantially delayed, by the cryptocurrency network. When you complete a transaction request via the Services, you authorize us to submit your transaction request to the cryptocurrency network in accordance with the instructions you provide via the Services.
Third Party Applications
If you grant express permission to a third party to connect to your account, either through the third party's product or through OctoBit.IO, you acknowledge that granting permission to a third party to take specific actions on your behalf does not relieve you of any of your responsibilities under this Agreement. Further, you acknowledge and agree that you will not hold OctoBit.IO responsible for, and will indemnify OctoBit.IO from, any liability arising from the actions or inactions of this third party in connection with the permissions you grant.
Application Programming Interface
Any person or entity who uses OctoBit.IO 's Application Programming Interface ("OctoBit.IO API") must comply with the terms of this User Agreement and/or any other conditions as OctoBit.IO may put into place in its sole discretion from time to time. The OctoBit.IO API is owned by OctoBit.IO and is licensed to OctoBit.IO API users on a non-exclusive, non-sublicensable basis.
Changes to this Agreement
You can review the most current version of the Terms of Service at any time at this page. We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.
We shall not be liable for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.
Change of Control
In the event that OctoBit.IO is acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.
The OctoBit.IO Services may be subject to export control regulations under applicable law. By using the OctoBit.IO Services you represent that you are not an individual or entity that is, or an entity owned or controlled by persons or entities that are, (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, the Hong Kong government, or any other governmental authority with jurisdiction over OctoBit.IO or the OctoBit.IO Services; (ii) identified on the Denied Persons, Entity, or Unverified Lists of the U.S. Department of Commerce’s Bureau of Industry and Security; or (iii) located, organized or resident in a country or territory that is, or whose government is, the subject of U.S. economic sanctions, including, without limitation, Cuba, Iran, North Korea, Sudan, or Syria. You further represent that you will not use the OctoBit.IO Services to conduct any transaction with or on behalf of any person or entity listed in clauses (i) through (iii) above or otherwise in violation of law. OctoBit.IO may cease to provide the OctoBit.IO Services to you for any reason, and with no notice, if it determines that you have violated any of the above representations. You understand and consent that OctoBit.IO may be legally required to detain, to deny your access to, and to report to one or more governmental authorities, such of your property or property interests as are in OctoBit.IO’s possession or control in the event of certain sanctions imposing these obligations. These representations, covenants, and obligations are continuing and you agree to notify OctoBit.IO immediately in writing if your status under any of the above covenants changes.
PLEASE READ THE FOLLOWING PARAGRAPH CAREFULLY BECAUSE IT REQUIRES YOU TO ARBITRATE DISPUTES WITH OctoBit.IO INTERNATIONAL AND IT LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF.
Any controversy or claim arising out of or relating to these Terms, or the breach of these Terms, shall be settled by binding arbitration in accordance with the rules of net-ARB.com. The costs of arbitration shall be initially borne by the party initiating arbitration and later apportioned by the arbitrator. The arbitrator's decision will be binding and may not be appealed. A judgment of a court having jurisdiction may be entered upon the arbitrator's award.
Modifications to the Site
OctoBit.IO reserves the right to modify or discontinue, temporarily or permanently, the Site or any features or portions thereof without prior notice. You agree that OctoBit.IO will not be liable for any modification, suspension or discontinuance of the Site or any part thereof.
You agree to defend, indemnify and hold harmless OctoBit.IO, its independent contractors, service providers and consultants, and their respective directors, employees and agents, from and against any claims, damages, costs, liabilities and expenses (including, but not limited to, reasonable attorneys’ fees) arising out of or related to: (a) your use of the Site; (b) any User Content or Feedback you provide; (c) your violation of these Terms; (d) your violation of any rights of another; or (e) your conduct in connection with the Site. Some jurisdictions limit consumer indemnities, so some or all of the indemnity provisions above may not apply to you. If you are obligated to indemnify us, we will have the right, in our sole and unfettered discretion, to control any action or proceeding and determine whether we wish to settle it, and if so, on what terms.
Disclaimer of Warranties
OctoBit.IO PROVIDES NO GUARANTEE AS TO THE PERFORMANCE OR THE UNINTERRUPTED AVAILABILITY OF THE SITE OR THE OctoBit.IO MATERIALS. THE SITE AND OctoBit.IO MATERIALS ARE PROVIDED ON AN "AS IS," "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. OctoBit.IO DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT AS TO THE SITE AND THE INFORMATION, CONTENT AND MATERIALS CONTAINED THEREIN. OctoBit.IO DOES NOT REPRESENT OR WARRANT THAT OctoBit.IO MATERIALS OR THE SITE ARE ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE. WHILE OctoBit.IO ATTEMPTS TO MAKE YOUR ACCESS AND USE OF THE SITE SAFE, OctoBit.IO CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE SITE OR ITS SERVER(S) ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; THEREFORE, YOU SHOULD USE INDUSTRY-RECOGNIZED SOFTWARE TO DETECT AND DISINFECT VIRUSES FROM ANY DOWNLOAD.
OctoBit.IO reserves the right to change any and all content contained in the Site at any time without notice. Reference to any products, services, processes or other information, by trade name, trademark, manufacturer, supplier or otherwise does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by OctoBit.IO.
SOME JURISDICTIONS DO NOT ALLOW THE DISCLAIMER OF IMPLIED TERMS IN CONTRACTS WITH CONSUMERS, SO SOME OR ALL OF THE DISCLAIMERS IN THIS SECTION MAY NOT APPLY TO YOU.
Limitation of Liability
IN NO EVENT WILL OctoBit.IO, ITS DIRECTORS, EMPLOYEES OR AGENTS BE LIABLE FOR ANY DIRECT, SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY OTHER DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO LOSS OF USE, LOSS OF PROFITS OR LOSS OF DATA, WHETHER IN AN ACTION IN CONTRACT, TORT (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) OR OTHERWISE, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OF OR INABILITY TO USE THE SITE, THE OctoBit.IO MATERIALS OR THE CONTENT OR THE MATERIALS CONTAINED IN OR ACCESSED THROUGH THE SITE, INCLUDING WITHOUT LIMITATION ANY DAMAGES CAUSED BY OR RESULTING FROM RELIANCE BY USER ON ANY INFORMATION OBTAINED FROM OctoBit.IO, OR THAT RESULT FROM MISTAKES, OMISSIONS, INTERRUPTIONS, DELETION OF FILES OR EMAIL, ERRORS, DEFECTS, VIRUSES, DELAYS IN OPERATION OR TRANSMISSION OR ANY FAILURE OF PERFORMANCE, WHETHER OR NOT RESULTING FROM ACTS OF GOD, COMMUNICATIONS FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO OctoBit.IO’S RECORDS, PROGRAMS OR SITE. IN NO EVENT WILL THE AGGREGATE LIABILITY OF OctoBit.IO, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), PRODUCT LIABILITY, STRICT LIABILITY OR OTHER THEORY, ARISING OUT OF OR RELATING TO THE USE OF OR INABILITY TO USE THE SITE EXCEED ANY COMPENSATION YOU PAY, IF ANY, TO OctoBit.IO FOR ACCESS TO OR USE OF THE SITE. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY IN CONTRACTS WITH CONSUMERS, SO SOME OR ALL OF THESE LIMITATIONS OF LIABILITY MAY NOT APPLY TO YOU.
Upon termination of your account or this Agreement for any other reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.
Although we intend to provide accurate and timely information on the OctoBit.IO Site, the OctoBit.IO Site (including, without limitation, the Content) may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. In an effort to continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products and services. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the OctoBit.IO Site are your sole responsibility and we shall have no liability for such decisions.
Limited License and Intellectual Property Rights
We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of this Agreement, to access and use the the Services solely for approved purposes as determined by OctoBit.IO. Any other use of the Services is expressly prohibited. OctoBit.IO and its licensors reserve all rights in the Services and you agree that this Agreement does not grant you any rights in or licenses to the Services except for the limited license set forth above. Except as expressly authorized by OctoBit.IO, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Services, in whole or in part. If you violate any portion of this Agreement, your permission to access and use the Services may be terminated pursuant to this Agreement. "OctoBit.IO", "OctoBit.IO", and all logos related to the Services are either trademarks, or registered marks of OctoBit.IO or its licensors. You may not copy, imitate, or use them without OctoBit.IO's prior written consent. All right, title, and interest in and to the OctoBit.IO website, any content thereon, the Services, and all technology and any content created or derived from any of the foregoing is the exclusive property of OctoBit.IO and its licensors.
Section headings in this Agreement are for convenience only, and shall not govern the meaning or interpretation of any provision of this Agreement.
Governing Language and Translation
This document was last updated on 13.04.2018