1. Introduction and Acceptance
Welcome to Bitnank ("we," "us," "our," or "Bitnank"). By accessing or using our platform at bitnank.com (the "Platform"), you agree to be bound by these Terms and Conditions ("Terms"). If you do not agree to these Terms, please do not use our Platform.
Bitnank is an independent peer-to-peer (P2P) trading platform and escrow service. We are not affiliated with, endorsed by, or representative of any bank, financial institution, gift card company, mobile money service, or any other third-party entity unless explicitly stated.
2. About Bitnank
2.1 Company Identity: Bitnank operates as an independent platform under the name "Bitnank" only. We do not operate under names such as "Bitnank Inc," "Bitnank International," or any similar variations unless explicitly stated on our official channels.
2.2 Platform Purpose: Bitnank serves as an escrow and intermediary platform facilitating secure transactions between buyers and sellers. We do not own, issue, or guarantee any of the assets, gift cards, currencies, or services traded on our platform.
2.3 Services Offered:
- P2P Trading (Peer-to-Peer cryptocurrency and fiat trading)
- Spot Trading
- Gift Card Trading
- Virtual Cards
- Bills Payments
- Internal Transfers
- Withdrawals
- Staking Services
3. User Eligibility
3.1 Age Requirement: You must be at least 18 years old or the age of legal majority in your jurisdiction to use our Platform.
3.2 Legal Capacity: You must have the legal capacity to enter into binding contracts.
3.3 Jurisdiction: You must ensure that your use of the Platform complies with all laws and regulations applicable in your jurisdiction.
3.4 Prohibited Jurisdictions: Users from certain jurisdictions may be restricted from using our services. We reserve the right to restrict access based on geographic location.
4. Account Registration and Security
4.1 Account Creation: To use our services, you must create an account by providing accurate, current, and complete information.
4.2 Account Security: You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.
4.3 Identity Verification: We may require you to complete identity verification (KYC - Know Your Customer) procedures before accessing certain features or services.
4.4 Account Ownership: Each user may maintain only one account. Multiple accounts created by the same individual may be suspended or terminated.
4.5 Account Transfer: You may not transfer, sell, or assign your account to any other person or entity.
5. Escrow Services and Trading
5.1 Escrow Role: Bitnank acts solely as an escrow service, holding funds or assets during transactions until both parties fulfill their obligations.
5.2 No Guarantee: While we facilitate secure transactions, we do not guarantee the quality, safety, legality, or authenticity of items traded on our platform.
5.3 Transaction Disputes: In case of disputes, Bitnank will investigate and make a determination based on available evidence. Our decision in dispute resolution is final.
5.4 Trading Responsibility: Users are solely responsible for their trading decisions. Bitnank does not provide investment advice.
5.5 Price Fluctuations: Cryptocurrency and asset prices are volatile. Bitnank is not responsible for any losses incurred due to market fluctuations.
6. Fees and Charges
6.1 Service Fees: Bitnank charges fees for certain services. All applicable fees will be clearly displayed before you complete a transaction.
6.2 Fee Changes: We reserve the right to modify our fee structure at any time. Changes will be communicated through our Platform.
6.3 Payment Processing: Third-party payment processors may charge additional fees. These fees are beyond our control.
6.4 No Refunds: Service fees paid to Bitnank are generally non-refundable unless otherwise stated or required by law.
7. Prohibited Activities
Users are strictly prohibited from engaging in the following activities:
- Fraudulent activities or misrepresentation
- Money laundering or terrorist financing
- Trading in stolen goods, illegal items, or services
- Manipulating prices or engaging in market manipulation
- Creating multiple accounts for fraudulent purposes
- Using automated bots without authorization
- Hacking, phishing, or attempting to breach platform security
- Harassment, threats, or abuse of other users
- Violating any applicable laws or regulations
- Circumventing any security features or access controls
- Engaging in any activity that disrupts platform operations
8. Account Termination and Suspension
8.1 Right to Terminate: Bitnank reserves the absolute right to suspend, restrict, or terminate any account at any time, with or without notice, for any reason including but not limited to:
- Violation of these Terms and Conditions
- Fraudulent, suspicious, or illegal activities
- Engaging in prohibited activities
- Reports from other users or authorities
- Failure to complete KYC verification
- Chargebacks or payment disputes
- Inactivity for extended periods
- Risk management purposes
8.2 Effect of Termination: Upon termination, your right to use the Platform will immediately cease. We may retain certain information as required by law or for legitimate business purposes.
8.3 Withdrawal of Funds: In case of account termination, you may withdraw your funds subject to verification and compliance checks, unless prohibited by law or these Terms.
8.4 No Liability: Bitnank shall not be liable for any losses or damages resulting from account suspension or termination.
9. Intellectual Property
9.1 Ownership: All content, features, and functionality on the Platform, including but not limited to text, graphics, logos, icons, images, and software, are the exclusive property of Bitnank and are protected by intellectual property laws.
9.2 Limited License: We grant you a limited, non-exclusive, non-transferable license to access and use the Platform for personal, non-commercial purposes.
9.3 Restrictions: You may not reproduce, distribute, modify, create derivative works of, publicly display, republish, or exploit any part of the Platform without our express written permission.
10. Disclaimers and Limitation of Liability
10.1 No Warranties: The Platform is provided "AS IS" and "AS AVAILABLE" without warranties of any kind, either express or implied.
10.2 No Guarantee of Availability: We do not guarantee uninterrupted, timely, secure, or error-free operation of the Platform.
10.3 Third-Party Services: We are not responsible for any third-party services, products, or content accessed through our Platform.
10.4 Investment Risk: Trading cryptocurrencies and digital assets involves substantial risk. You may lose all or part of your investment.
10.5 Limitation of Liability: To the maximum extent permitted by law, Bitnank shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues.
10.6 Maximum Liability: Our total liability to you for any claims arising from your use of the Platform shall not exceed the amount of fees paid by you to Bitnank in the 12 months preceding the claim.
11. Indemnification
You agree to indemnify, defend, and hold harmless Bitnank, its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees, arising out of or in any way connected with:
- Your access to or use of the Platform
- Your violation of these Terms
- Your violation of any rights of another party
- Your violation of any applicable laws or regulations
12. Privacy and Data Protection
Your use of the Platform is also governed by our Privacy Policy, which is incorporated into these Terms by reference. Please review our Privacy Policy to understand how we collect, use, and protect your personal information.
13. Modifications to Terms
13.1 Right to Modify: We reserve the right to modify these Terms at any time. Changes will be effective immediately upon posting to the Platform.
13.2 Notification: We will make reasonable efforts to notify you of material changes to these Terms.
13.3 Continued Use: Your continued use of the Platform after changes are posted constitutes your acceptance of the modified Terms.
14. Governing Law and Dispute Resolution
14.1 Governing Law: These Terms shall be governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of law provisions.
14.2 Dispute Resolution: Any disputes arising from these Terms or your use of the Platform shall first be attempted to be resolved through good faith negotiations.
14.3 Arbitration: If negotiations fail, disputes shall be resolved through binding arbitration in accordance with the rules of [Arbitration Body].
14.4 Class Action Waiver: You agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated, or representative action.
15. Miscellaneous Provisions
15.1 Entire Agreement: These Terms, together with our Privacy Policy and any other legal notices published on the Platform, constitute the entire agreement between you and Bitnank.
15.2 Severability: If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
15.3 Waiver: No waiver of any term shall be deemed a further or continuing waiver of such term or any other term.
15.4 Assignment: You may not assign or transfer these Terms or your rights hereunder without our prior written consent. We may assign these Terms without restriction.
15.5 Force Majeure: Bitnank shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control.
16. Contact Information
If you have any questions about these Terms and Conditions, please contact us at:
By using Bitnank, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.