BizzaTrade Terms Of Use

Last edited: BizzaTrade 2023-06-06

 

These BizzaTrade Terms of Use are entered into between you (hereinafter referred to as “you” or “your”) and BizzaTrade operators (as defined below). By accessing, downloading, using or clicking on “I agree to the BizzaTrade Terms and Conditions” to accept any BizzaTrade Services (as defined below) provided by BizzaTrade (as defined below), you agree that you have read, understood and accepted all of the terms and conditions stipulated in these Terms of Use (hereinafter referred to as “these Terms”) as well as our Privacy Policy at www.bitbarter.io/privacy. In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features.

Please read the terms carefully as they govern your use of BizzaTrade Services.

THESE TERMS CONTAIN IMPORTANT PROVISIONS INCLUDING AN ARBITRATION PROVISION THAT REQUIRES ALL CLAIMS TO BE RESOLVED BY WAY OF LEGALLY BINDING ARBITRATION.

The terms of the arbitration provision are set forth in Article 10, “Resolving Disputes: Forum, Arbitration, Class Action Waiver”, hereunder. As with any asset, the values of Digital Currencies (as defined below) may fluctuate significantly and there is a substantial risk of economic losses when purchasing, selling, holding or investing in Digital Currencies and their derivatives.

BY MAKING USE OF BIZZATRADESERVICES, YOU ACKNOWLEDGE AND AGREE THAT:

(1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES;

(2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF BIZZATRADESERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND

(3) BIZZATRADE SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES.

By accessing, using or attempting to use BizzaTrade Services in any capacity, you acknowledge that you accept and agree to be bound by these Terms. If you do not agree, do not access BizzaTrade or utilize BizzaTrade services.

  1. Definitions
    1. BizzaTraderefers to an ecosystem comprising BizzaTrade websites (whose domain names include but are not limited to www.bitbarter.io.), mobile applications, clients, applets and any other applications that are developed to offer BizzaTrade Services. In case of any inconsistency between relevant terms of use of the above platforms and the contents of these Terms, the respective applicable terms of such platforms shall prevail.
    2. BizzaTrade Operatorsrefer to all parties that run BizzaTrade, including but not limited to legal persons, incorporated and unincorporated organizations and teams that provide BizzaTrade Services and are responsible for such services. For convenience, unless otherwise stated, references to “BizzaTrade” and “we” in these Terms specifically mean BizzaTrade Operators.

UNDER THESE TERMS, BIZZATRADE OPERATORS MAY CHANGE AS BITBARTER’S BUSINESS ADJUSTS, IN WHICH CASE, THE CHANGED OPERATORS SHALL PERFORM THEIR OBLIGATIONS UNDER THESE TERMS WITH YOU AND PROVIDE SERVICES TO YOU, AND SUCH CHANGE DOES NOT AFFECT YOUR RIGHTS AND INTERESTS UNDER THESE TERMS. ADDITIONALLY, THE SCOPE OF BIZZATRADE OPERATORS MAY BE EXPANDED DUE TO THE PROVISION OF NEW BIZZATRADE SERVICES, IN WHICH CASE, IF YOU CONTINUE TO USE BIZZATRADE SERVICES, IT IS DEEMED THAT YOU HAVE AGREED TO JOINTLY EXECUTE THESE TERMS WITH THE NEWLY ADDED BIZZATRADE OPERATORS. IN CASE OF A DISPUTE, YOU SHALL DETERMINE THE ENTITIES BY WHICH THESE TERMS ARE PERFORMED WITH YOU AND THE COUNTERPARTIES OF THE DISPUTE, DEPENDING ON THE SPECIFIC SERVICES YOU USE AND THE PARTICULAR ACTIONS THAT AFFECT YOUR RIGHTS OR INTERESTS.

  1. BizzaTrade Servicesrefer to various services provided to you by BizzaTrade that are based on Internet and/or blockchain technologies and offered via BizzaTrade websites, mobile applications, clients and other forms (including new ones enabled by future technological development).
  2. BizzaTrade Platform Rulesrefer to all rules, interpretations, announcements, statements, letters of consent and other contents that have been and will be subsequently released by BizzaTrade, as well as all regulations, implementation rules, product process descriptions, and announcements published in the Help Centre or within products or service processes.
  3. Usersrefer to all individuals, institutions or organizations that access, download or use BizzaTrade or BizzaTrade Services and who meet the criteria and conditions stipulated by BizzaTrade. If there exist other agreements for such entities as developers, distributors, market makers, market merchants partners, and Digital Currencies exchanges, such agreements shall be followed.
  4. Digital Currenciesrefer to encrypted or digital tokens or cryptocurrencies with a certain value that are based on blockchain and cryptography technologies and are issued and managed in a decentralized form.
  5. Digital Assetsrefer to Digital Currencies, their derivatives or other types of digitalized assets with a certain value.
  6. BizzaTrade Accountsrefer to the foundational virtual accounts, including main accounts and sub-accounts, which are opened by BizzaTrade for Users to record on BizzaTrade their usage of BizzaTrade Services, transactions, asset changes and basic information. BizzaTrade Accounts serve as the basis for Users to enjoy and exercise their rights on BizzaTrade.
  7. BizzaTrade Merchant Accountsrefer to special accounts opened by Users on BizzaTrade but users are categorized to be a merchant and might deposit collateral (such as Digital Assets) in accordance with these Terms (including the BizzaTrade Contract Services Agreement and BizzaTrade Platform Rules), as required for remittance transactions, leveraged p2p trading and/or other currency services.
  8. Crypto-to-crypto Swappingrefers to spot transactions in which one digital currency is exchanged for another digital currency.
  9. P2P Tradingrefers to spot transactions in which Digital Currencies are exchanged for fiat currencies or vice versa.
    1. About These Terms
    2. Contractual Relationship

These Terms constitute a legal agreement and create a binding contract between you and BizzaTrade Operators.

  1. Supplementary Terms

Supplementary Terms Due to the rapid development of Digital Currencies and BizzaTrade, these Terms between you and BizzaTrade Operators do not enumerate or cover all rights and obligations of each party, and do not guarantee full alignment with needs arising from future development. Therefore, THE PRIVACY POLICY, BIZZATRADE PLATFORM RULES, AND ALL OTHER AGREEMENTS ENTERED INTO SEPARATELY BETWEEN YOU AND BIZZATRADE ARE DEEMED SUPPLEMENTARY TERMS THAT ARE AN INTEGRAL PART OF THESE TERMS AND SHALL HAVE THE SAME LEGAL EFFECT. YOUR USE OF BIZZATRADE SERVICES IS DEEMED YOUR ACCEPTANCE OF THE ABOVE SUPPLEMENTARY TERMS.

  1. Changes to These Terms

BizzaTrade reserves the right to change or modify these Terms in its discretion at any time. BizzaTrade will notify such changes by updating the terms on its website and modifying the [Last revised] date displayed on this page. ANY AND ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF BIZZATRADE SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST STOP USING BIZZATRADE SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO FREQUENTLY REVIEW THESE TERMS TO ENSURE YOUR UNDERSTANDING OF THE TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF BIZZATRADE SERVICES.

  1. Prohibition of Use

BY ACCESSING AND USING BIZZATRADE SERVICES, YOU REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST). BIZZATRADE RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF ANY OR SOME OF BIZZATRADE SERVICES IN CERTAIN COUNTRIES OR REGIONS.

  1. About BizzaTrade

As an important part of the BizzaTrade Ecosystem, BizzaTrade mainly serves as a global online platform for Digital Assets P2P trading, and provides Users with an escrow platform, financing services, technical services and other Digital Assets-related services. As further detailed in Article 3 below, Users can register and open an account with BizzaTrade, and deposit Digital Assets into their account prior to trading. Users may, subject to the restrictions set forth in these Terms, apply for the withdrawal of Digital Assets.

Although BizzaTrade has been committed to maintaining the accuracy of the information provided through BizzaTrade Services, BizzaTrade cannot and does not guarantee its accuracy, applicability, reliability, integrity, performance or appropriateness, nor shall BizzaTrade be liable for any loss or damage that may be caused directly or indirectly by your use of these contents or services. The information about BizzaTrade Services may change without notice, and the main purpose of providing such information is to help Users make independent decisions. BizzaTrade does not provide investment or consulting advice of any kind, and is not responsible for the use or interpretation of information on BizzaTrade or any other communication medium. All Users of BizzaTrade Services must understand the risks involved in Digital Assets trading, and are recommended to exercise prudence and trade responsibly within their own capabilities.

  1. BizzaTrade Account Registration and Requirements
  2. Registration

All Users must apply for a BizzaTrade Account here (https://bitbarter.io/auth/register) before using BizzaTrade Services. When you are registering a BizzaTrade Account, you must provide your username, email, password and accept these Terms, the Privacy Policy, and other BizzaTrade Platform Rules.

BizzaTrade may refuse, in its discretion, to open a BizzaTrade Account for you. You agree to provide complete and accurate information when opening a BizzaTrade Account, and agree to timely update any information you provide to BizzaTrade to maintain the integrity and accuracy of the information. Only one User can be registered at a time, but each individual User (including any User that is a business or legal entity) may maintain only one main account at any given time.

Institutional Users (including Users that are partners, merchants, businesses and other legal entities) can open one or more sub accounts under the main account with the consent of BizzaTrade. For certain BizzaTrade Services, you may be required to set up a special account independent from your BizzaTrade Account, based on the provisions of these Terms or the Supplementary Terms. The registration, use, protection and management of such trading accounts are equally governed by the provisions of this article and article 6, unless otherwise stated in these Terms or the Supplementary Terms.

  1. Eligibility

By registering to use a BizzaTrade Account, you represent and warrant that (i) as an individual, you are at least 18 or are of legal age to form a binding contract under applicable laws; (ii) as an individual, legal person, or other organization, you have full legal capacity and sufficient authorizations to enter into these Terms; (iii) you have not been previously suspended or removed from using BizzaTrade Services; (iv) you do not currently have a BizzaTrade Account. If you act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you represent and warrant that you have all the necessary rights and authorizations to bind such legal entity; (vi) your use of BizzaTrade Services will not violate any and all laws and regulations applicable to you, including but not limited to regulations on anti-money laundering, anti-corruption, and counter-terrorist financing.

Please note that some products and services may not be available in certain jurisdictions or regions or to certain users. BizzaTrade reserves the right to change, modify or impose additional restrictions at its discretion at any time.

  1. User Identity Verification

Your registration of an account with BizzaTrade will be deemed your agreement to provide correctly required personal information for identity verification. Such information will be used to verify Users’ identity, identify traces of money laundering, terrorist financing, fraud and other financial crimes through BizzaTrade, or for other lawful purposes stated by BizzaTrade. We will collect, use and share such information in accordance with our Privacy Policy. In addition to providing such information, you agree to allow us to keep a record of that information during the period for which your account is active and within five (5) years after your account is closed, in compliance with global industry standards on data storage. You also authorize us to conduct necessary investigations directly or through a third party to verify your identity or protect you and/or us from financial crimes, such as fraud. The information we require to verify your identity may include, but is not limited to, your name, email address, contact information, phone number, username, government-issued ID, date of birth, and other information collected during account registration, setup and verification. When providing the required information, you confirm it is true and accurate.

AFTER REGISTRATION, YOU MUST ENSURE THAT THE INFORMATION IS TRUE, COMPLETE, AND TIMELY UPDATED WHEN CHANGED. IF THERE ARE ANY GROUNDS FOR BELIEVING THAT ANY OF THE INFORMATION YOU PROVIDED IS INCORRECT, FALSE, OUTDATED OR INCOMPLETE, BIZZATRADE RESERVES THE RIGHT TO SEND YOU A NOTICE TO DEMAND CORRECTION, DIRECTLY DELETE THE RELEVANT INFORMATION, AND, AS THE CASE MAY BE, TERMINATE ALL OR PART OF THE BIZZATRADE SERVICES WE PROVIDE FOR YOU. IF WE ARE UNABLE TO REACH YOU WITH THE CONTACT INFORMATION YOU PROVIDED, YOU SHALL BE FULLY LIABLE FOR ANY LOSS OR EXPENSE CAUSED TO BIZZATRADE DURING YOUR USE OF BIZZATRADE SERVICES. YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE THE OBLIGATION TO UPDATE ALL THE INFORMATION IF THERE IS ANY CHANGE BY REGISTERING AN ACCOUNT, YOU HEREBY AUTHORIZE BIZZATRADE TO CONDUCT INVESTIGATIONS THAT BIZZATRADE CONSIDERS NECESSARY, EITHER DIRECTLY OR THROUGH A THIRD PARTY, TO VERIFY YOUR IDENTITY OR PROTECT YOU, OTHER USERS AND/OR BIZZATRADE FROM FRAUD OR OTHER FINANCIAL CRIMES, AND TO TAKE NECESSARY ACTIONS BASED ON THE RESULTS OF SUCH INVESTIGATIONS. YOU ALSO ACKNOWLEDGE AND AGREE THAT YOUR PERSONAL INFORMATION MAY BE DISCLOSED TO CREDIT BUREAUS AND AGENCIES FOR FRAUD PREVENTION OR FINANCIAL CRIME PREVENTION, WHICH MAY RESPOND TO OUR INVESTIGATIONS IN FULL.

  1. Account Usage Requirements

The BizzaTrade Account can only be used by the account registrant. BizzaTrade reserves the right to suspend, freeze or cancel the use of BizzaTrade Accounts by persons other than account registrant. If you suspect or become aware of any unauthorized use of your username and password, you should notify BizzaTrade immediately. BizzaTrade assumes no liability for any loss or damage arising from the use of BizzaTrade Account by you or any third party with or without your authorization.

  1. Account Security

BizzaTrade has been committed to maintaining the security of User entrusted funds, and has implemented industry standard protection for BizzaTrade Services. However, the actions of individual Users may pose risks. You shall agree to treat your access credentials (such as username and password) as confidential information, and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your BizzaTrade Account and personal information.

You should be solely responsible for keeping your BizzaTrade Account and password safe, and be responsible for all the transactions under your BizzaTrade Account. BizzaTrade assumes no liability for any loss or consequences caused by authorized or unauthorized use of your account credentials, including but not limited to information disclosure, information release, consent or submission of various rules and agreements by clicking on the website, online agreement renewal, etc.

By creating a BizzaTrade Account, you hereby agree that:

  1. You will notify BizzaTrade immediately if you are aware of any unauthorized use of your BizzaTrade Account and password or any other violation of security rules;
  2. You will strictly abide by all mechanisms or procedures of BizzaTrade regarding security, authentication, trading, charging, and withdrawal; and
  3. You will take appropriate steps to logout from BizzaTrade at the end of each visit.
  4. Personal Data

Your personal data will be properly protected and kept confidential, but BizzaTrade has the right to collect, process, use or disclose your personal data in accordance with the Terms (including the Privacy Policy) or applicable laws. Depending on the products or services concerned, your personal data may be disclosed to the following third parties:

  1. your transaction counterparty;
  2. BizzaTrade Operators, and the shareholders, partners, investors, directors, supervisors, senior managers and employees of such entities;
  3. our joint ventures, alliance partners and business partners;
  4. our agents, contractors, suppliers, third-party service providers and professional advisers, including the parties who have been contracted to provide us with administrative, financial, research, operations, IT and other services, in such areas as telecommunications, information technology, payroll, information processing, training, market research, storage and archival;
  5. third-party business partners who provide goods and services or sponsor contests or other promotional activities, whether or not in cooperation with us;
  6. insurance companies or insurance investigators and credit providers;
  7. credit bureaus, or any debt collection agencies or dispute resolution centers in the event of violation or dispute;
  8. business partners, investors, trustees or assignees (actual or expected) that promote business asset transactions (which can be broadened to include any merger, acquisition or asset sale) of BizzaTrade Operators;
  9. professional consultants such as auditors and lawyers;
  10. relevant government regulatory agencies or law enforcement agencies to comply with laws or regulations formulated by government authorities;
  11. assignees of our rights and obligations;
  12. banks, credit card companies and their respective service providers;
  13. persons with your consent as determined by you or the applicable contract.
  1. BizzaTrade Services

Upon completion of the registration and identity verification for your BizzaTrade Account, you may use various BizzaTrade Services, including but not limited to, Crypto-to-crypto Swapping Service, P2P Trading Services, BizzaTrade Wallet Services, Bitcode Services, and the BizzaTrade Remittance Services, acquiring market-related data, research and other information released by BizzaTrade, participating in User activities held by BizzaTrade, etc., in accordance with the provisions of these Terms (including BizzaTrade Platform Rules and other individual agreements).

BizzaTrade has the right to:

  1. Provide, modify or terminate, in its discretion, any BizzaTrade Services based on its development plan; and
  2. Allow or prohibit some Users’ use of any BizzaTrade Services in accordance with relevant BizzaTrade Platform Rules.
  3. Service Usage Guidelines
  4. License

Provided that you constantly comply with the express terms and conditions stated in these Terms, BizzaTrade grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use BizzaTrade Services through your computer or Internet compatible devices for your personal/internal purposes. You are prohibited to use BizzaTrade Services for resale or commercial purposes, including transactions on behalf of other persons or entities. All the above actions are expressly prohibited and constitute a material violation of these Terms. The content layout, format, function and access rights regarding BizzaTrade Services should be stipulated in the discretion of BizzaTrade. BizzaTrade reserves all rights not expressly granted in these Terms. Therefore, you are hereby prohibited from using BizzaTrade Services in any way not expressly authorized by these Terms.

Provided that you constantly comply with the express terms and conditions stated in these Terms, BizzaTrade grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use BizzaTrade Services through your computer or Internet compatible devices for your personal/internal purposes. You are prohibited to use BizzaTrade Services for resale or commercial purposes, including transactions on behalf of other persons or entities. All the above actions are expressly prohibited and constitute a material violation of these Terms. The content layout, format, function and access rights regarding BizzaTrade Services should be stipulated in the discretion of BizzaTrade. BizzaTrade reserves all rights not expressly granted in these Terms. Therefore, you are hereby prohibited from using BizzaTrade Services in any way not expressly authorized by these Terms.

These Terms only grant a limited license to access and use BizzaTrade Services. Therefore, you hereby agree that when you use BizzaTrade Services, BizzaTrade does not transfer BizzaTrade Services or the ownership or intellectual property rights of any BizzaTrade intellectual property to you or anyone else. All the text, graphics, user interfaces, visual interface, photos, sounds, process flow diagrams, computer code (including html code), programs, software, products, information and documents, as well as the design, structure, selection, coordination, expression, look and feel, and layout of any content included in the services or provided through BizzaTrade Services, are exclusively owned, controlled and/or licensed by BizzaTrade Operators or its members, parent companies, licensors or affiliates.

BizzaTrade owns any feedback, suggestions, ideas, or other information or materials (hereinafter collectively referred to as “Feedback”) about BizzaTrade or BizzaTrade Services that you provide through email, BizzaTrade Services, or other ways. You hereby transfer all rights, ownership and interests of the Feedback and all related intellectual property rights to BizzaTrade. You have no right and hereby waive any request for acknowledgment or compensation based on any Feedback, or any modifications based on any Feedback.

  1. Restriction

When you use BizzaTrade Services, you agree and undertake to comply with the following provisions:

  1. During the use of BizzaTrade Services, all activities you carry out should comply with the requirements of applicable laws and regulations, these Terms, and various guidelines of BizzaTrade;
  2. Your use of BizzaTrade Services should not violate public interests, public morals, or the legitimate interests of others, including any actions that would interfere with, disrupt, negatively affect, or prohibit other Users from using BizzaTrade Services;
  3. You agree not to use the services for market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering, regardless of whether prohibited by law);
  4. Without written consent from BizzaTrade, the following commercial uses of BizzaTrade data are prohibited:
    1. Trading services that make use of BizzaTrade quotes or market bulletin board information.
    2. Data feeding or streaming services that make use of any market data of BizzaTrade.
    3. Any other websites/apps/services that charge for or otherwise profit from (including through advertising or referral fees) market data obtained from BizzaTrade.
  5. Without prior written consent from BizzaTrade, you may not modify, replicate, duplicate, copy, download, store, further transmit, disseminate, transfer, disassemble, broadcast, publish, remove or alter any copyright statement or label, or license, sub-license, sell, mirror, design, rent, lease, private label, grant security interests in the properties or any part of the properties, or create their derivative works or otherwise take advantage of any part of the properties.
  6. You may not
    1. use any deep linking, web crawlers, bots, spiders or other automatic devices, programs, scripts, algorithms or methods, or any similar or equivalent manual processes to access, obtain, copy or monitor any part of the properties, or replicate or bypass the navigational structure or presentation of BizzaTrade Services in any way, in order to obtain or attempt to obtain any materials, documents or information in any manner not purposely provided through BizzaTrade Services;
    2. attempt to access any part or function of the properties without authorization, or connect to BizzaTrade Services or any BizzaTrade servers or any other systems or networks of any BizzaTrade Services provided through the services by hacking, password mining or any other unlawful or prohibited means;
    3. probe, scan or test the vulnerabilities of BizzaTrade Services or any network connected to the properties, or violate any security or authentication measures on BizzaTrade Services or any network connected to BizzaTrade Services;
    4. reverse look-up, track or seek to track any information of any other Users or visitors of BizzaTrade Services;
    5. take any actions that imposes an unreasonable or disproportionately large load on the infrastructure of systems or networks of BizzaTrade Services or BizzaTrade, or the infrastructure of any systems or networks connected to BizzaTrade services;
    6. use any devices, software or routine programs to interfere with the normal operation of BizzaTrade Services or any transactions on BizzaTrade Services, or any other person’s use of BizzaTrade Services;
    7. forge headers, impersonate, or otherwise manipulate identification, to disguise your identity or the origin of any messages or transmissions you send to BizzaTrade, or
    8. use BizzaTrade Services in an illegal way.

By accessing BizzaTrade Services, you agree that BizzaTrade has the right to investigate any violation of these Terms, unilaterally determine whether you have violated these Terms, and take actions under relevant regulations without your consent or prior notice. Examples of such actions include, but are not limited to:

Blocking and closing order requests;

Freezing your account;

Reporting the incident to the authorities;

Publishing the alleged violations and actions that have been taken;

Deleting any information, you published that are found to be violations.

  1. P2P Trading and Remittance Services

Upon completion of the registration and identity verification for your BizzaTrade Account, you may deposit corresponding cryptocurrencies to your BizzaTrade wallet, conduct P2P Trading and use BizzaTrade Remittance services in accordance with the provisions of these Terms and BizzaTrade Platform Rules.

  1. Orders

Upon sending an instruction of using BizzaTrade Services for Trading and/or Remittance (an “Order”), your account will be immediately updated to reflect the open Orders, and your Orders will be included in BizzaTrade’s order book to match other users’ Orders. If one of your Orders fully or partially matches another user’s trades, BizzaTrade will execute an exchange (a “Transaction”). Once the Transaction is executed, your account will be updated to reflect that the Order has been fully executed and closed, or the Order has been partially executed. The Order will remain uncompleted until it is fully executed or canceled under paragraph (b) below. To conclude a Transaction, you authorize BizzaTrade to temporarily control the Digital Currencies involved in your Transaction.

  1. Cancellation

For Orders initiated through BizzaTrade Services, you may only cancel them before they have been matched with other Users’ Orders in a trade. Once your Order has been matched with another user’s Order, you may not change, revoke or cancel BizzaTrade’s authorization to complete the process. For any partially matched Order, you may cancel the unmatched part of the Order unless such portion has been matched. BizzaTrade reserves the right to reject any cancellation request related to the Order you have submitted. If your account does not have sufficient amount of Digital Currencies to execute an Order, BizzaTrade may cancel the entire Order, or execute part of the Order with the amount of Digital Currencies you have in your account (in each case, any Transaction related fees payable to BizzaTrade are deducted as stated in paragraph (c) below).

  1. Fees

You agree to pay BizzaTrade the fees specified by BizzaTrade. BizzaTrade may, in its discretion, update the fees at any time. Any updated fees will apply to any sales or other Transactions that occur following the effective date of the updated fees. You authorize BizzaTrade to deduct from your account any applicable fees that you owe under these Terms.

  1. Other Types of P2P Trading

In addition to the Crypto-to-crypto Trading that allows users to directly place orders as mentioned in paragraph (a) above, BizzaTrade may, in its discretion, provide technical and platform services for other types of Crypto-to-crypto and P2P Trading under its separately formulated BizzaTrade Platform Rules.

Prior to conducting P2P and Remittance Trading, in accordance with type of fiat trading, you shall separately read and sign other User Agreements with BizzaTrade P2P User Transaction Policy and other specific BizzaTrade Platform Rules related to fiat and cryptocurrency trading as well as the business rules of such partners, if applicable.

  1. Bitcode Service
  2. BizzaTrade launched the Bitcode payment service for BizzaTrade users to gain access to reliable micro and macro payment channel through cryptocurrency assets.
  3. BizzaTrade wallet assets will be used in cryptocurrency payments, both for individuals, corporations and institutions.
  4. You shall abide by the relevant laws of the State to ensure that the sources of assets are legitimate and compliant when using Bitcode service.
  5. When you use Bitcode service, you should fully recognize the risks of
  6. BizzaTrade reserves the right to suspend or terminate Bitcode service. If necessary, BizzaTrade can suspend and terminate Bitcode service at any time.
  7. Due to network delay, computer system failures and other force majeure events, which may lead to delay, suspension or deviation of Bitcode service execution, BizzaTrade will use commercially reasonable effort to ensure but not promise that Bitcode service execution system runs stably and effectively. BizzaTrade does not take any responsibility if the final execution doesn’t match your expectations due to the above factors.