Last updated: August 4th, 2016 (version 3)
When using the BX.in.th, operated by Bitcoin Co. Ltd, you are agreeing in full to these terms and conditions.
For the purpose of these terms, Bitcoin Co. Ltd. will be referred to as the “company” and all users of the company’s services shall be referred to as the “customer”. The website operated by Bitcoin Co. Ltd. at https://bx.in.th, including all sub-sites and APIs will be referred to as the “website”.
Crypto-currencies are not backed or value guaranteed by any financial institution; when purchasing crypto-currency the customer assumes all risk that they may become worthless in value. Customers should research and consider the risks before trading any crypto-currencies. The company makes absolutely no guarantee about the future value of the any currencies traded on our system.
Jurisdiction and Disputes
This Agreement shall be governed and construed in accordance with the laws of Thailand.
Any dispute, controversy or claim arising out of or relating to this contract or the breach, termination or invalidity thereof, shall be referred to and finally resolved by arbitration in accordance with the Arbitration Rules of the Thailand Arbitration Center in force at the time, and shall be under the administration of THAC Thailand Arbitration Center.
No foreign currency exchange
The customer must agree never to exchange currencies purchased from the Website for any foreign currency other than Thai Baht. The customer must also guarantee that any crypto-currency the customer sells at the Website have never been involved in exchange with any foreign currency other than Thai Baht.
For national currency deposits the company will accept only Thai Baht; all deposits must involve only Thai Baht and no other foreign currencies. All Thai Baht deposits must originate within Thailand. Any deposits sent in other foreign currencies, or originating from outside Thailand, will be rejected and forfeited.
Customer funds sent to the company are not insured by any insurance company, banking institution or government. These funds are backed only by the registered capitial of the company. Deposits held on the website should not be considered equivalent to a bank account. The company is not a bank, and website accounts are not bank accounts.
No third party transfers
All withdrawals made by the customer must be received directly by the customer. Deposits made to the customer's account must be initiated by the customer and come directly from the customer.
Withdrawals to any person or company not listed as the owner of the customer account are prohibited.
No Pyramid / Ponzi / Cash Gifting / Lending / Money Games
It is prohibited to directly or indirectly send or receive funds from or to any investment scheme, pyramid scheme, ponzi scheme, cash gifting, money donation scheme, money lending program or any other type of money game organization, group, website or scheme.
Any customer found to be engaged in any way with a money game, as an organizer or end user, will have their account immediately terminated.
In order to use any services provided by the company the customer must be at least 20 years old at the time of using any services. The customer must have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which the customer is a party.
Customers are limited to creating only one account on the website.
In order to engage in any trades via the Website, the customer must create an account and provide any requested information; including any additional information requested beyond fields listed on the standard sign-up forms. When the customer creates an account, they must agree to: (a) create a strong password that is not used for any other website or online service; (b) provide accurate and truthful information; (c) maintain and promptly update the customer account information; (d) maintain the security of the account by protecting the password and restricting access to the account; (e) promptly notify the company if the customer discovers or otherwise suspect any security breaches related to the account; and (f) take responsibility for all activities that occur under the customer's account and accept all risks of any authorized or unauthorized access to the customer's account
The company may shut down and return funds for any account at the sole discretion of the company. The company reserves the right to temporarily deny access to some or all customer accounts at any time.
Trades are considered final and binding at the time the trade is executed and balances are credits to the accounts of the trading parties.
Open orders placed on the order book have no guarantee of fulfillment until a trade is executed. Open orders can be remove from the order book at any time at the sole discretion of the company.
The company offers order cancellations as a courtesy only and makes no guarantee that an order can be ccanceled once it has been placed.
The company reserves the right to halt trading at any time at the sole discretion of the company.
The company will not be held responsible for any errors made the customer, this includes but is not limited to, errors in entering trade prices, errors in requested withdrawal addresses, errors in deposit transactions.
Digital payment networks
The company will take no responsibility for errors arising from within external digital payment networks or protocols. Such as, but not limited to, customer deposit transactions stuck due to insufficient fee or customer's holdings becoming devalued due to hard fork or disintegration of the network.
Crypto-currency Hard Forks
In the event that a crypto-currency supported by the website experiences a forking event that causes the currency to be split, then the company will choose at their own discretion which version chain of the split currency will be offered to the customer. The company will strive to select the version of the split with the highest support from the original developers and the highest trading value; however this is not guaranteed.
The customer will be entitled to the number of tokens within their recorded website balance from the forked chain chosen by the company. The customer will not be entitled to tokens from multiple currency versions.
If the customer wishes to select their own currency version or receive tokens in multiple versions they must withdraw their entire balance at least 48 hours prior to the forking event.
It is the customer's responsibility to determine what, if any, taxes apply to the trades you complete via the Website, and it is the customer's responsibility to report and remit the correct tax to the appropriate tax authority. The customer agrees that the company is not responsible for determining whether taxes apply to the customer's trades or for collecting, reporting, withholding or remitting any taxes arising from any trades.
The company may at any time require verification information from the customer in order to continue using services provided by the company. This verification information may include, but is not limited to, customer name, address, date of birth, scan of government ID, address verification documents.
The company will not be held responsible for any loses resulting from the rejection or mishandling of fund transfers by the customer's 3rd party financial institution or network.
All Withdrawals are Final
All withdrawals; including standard withdrawals, wallet sends, withdraw to email, or any other method is removing funds from the website are final and cannot be reversed. BX.in.th takes no responsibility for incorrect addresses, accounts numbers or email addresses entered by the user.
In the case of withdrawals to email; if the withdrawal is unclaimed by the email recipient after 2 weeks, the withdrawal amount will be returned to the sender.
BX Wallet Trading
Trade spending is a highly EXPERIMENTAL beta, use only with small balance accounts, BX will not reverse any trades created by the trade spending.
All trades are final and BX takes no responsibility for weaker than expected trade rates.
When accessing or using the Website, the customer agrees to not violate any law, contract, intellectual property or other third-party right or commit a tort, and the customer is solely responsible for their conduct while using the Website. Without limiting the generality of the foregoing, the customer must agree not to agree not to:
- Use the Website in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully using the Website, or that could damage, disable, overburden or impair the functioning of the Website in any manner;
- Use our Website to pay for, support or otherwise engage in any illegal gambling activities; fraud; money-laundering; or terrorist activities; or other illegal activities;
- Use any robot, spider, crawler, scraper or other automated means or interface not provided by the Company to access the Website or to extract data;
- Use or attempt to use another user's account without authorization;
- Attempt to circumvent any content filtering techniques the company may employ, or attempt to access any service or area of the Website that the customer is not authorized to access;
- Develop any third-party applications that interact with the Website without the Company's prior written consent;
- Provide false, inaccurate, or misleading information; and
- Encourage or induce any third party to engage in any of the activities prohibited under this Section.
The customer agrees to indemnify, defend, and hold harmless the company, its affiliates and its and their respective owners, investors, contractors, officers, directors, members, managers, partners, shareholders, licensors, suppliers, customers, employees, agents, third-party advertisers, technology providers and service providers from and against any loss, damage, cost, or liability (including, reasonable attorneys' fees) resulting from or relating in any way to a third-party claim, demand, action or proceeding that arises out of this Agreement or the Website, including but not limited to in relation to: (a) your use, non-use or misuse of, or connection to the Website, the Services and any Content (including without limitation your Content and any third party Content) forming part of the Website;
Anti-Money Laundering (AML)
It is expressly prohibited for the customer to utilized their account for the purpose for cleaning money, hiding money, in any way attempting to obscure the source of funds, or attempting to circumvent financial regulations or restrictions.
The company will actively analyze customer account activity for any signs of money laundering; any customer whom, in the opinion of the company, has the appearance of involvement in money laundering activities will have their account terminated.
When legally obligated, the company will provide customer information to Thai government agencies upon legal request, court order or presentation of warrant, or written police request.
The Bitcoin Co. Ltd. reserves the right to change these terms at any time without prior notice or notification of the changes.