Binary Terms of Service

Binary Network Ltd., and/or its affiliates (“we,” “our,” “Company,” or “us”) provide software services through its website at binary-wallet.com and related mobile applications and products (collectively the “Services” or “Binary”). Before using our Services, please read these Terms of Service (the “Terms”) carefully, along with any other policies or notices on our website or mobile applications.

1. Agreement to Terms

By accessing or using any of the Services, you agree to be bound by these Terms and acknowledge that you are legally competent to enter into these Terms. If you do not agree, you may not use our Services.

2. Data Protection

For information on how we handle user data, refer to our Privacy Policy at binary-wallet.com/PrivacyPolicy. Your use of the Services constitutes consent to our data collection, use, and disclosure practices outlined in the Privacy Policy.

3. General Conditions

  1. Eligibility: You must be at least 18 years old and have legal authority to use our Services.
  2. Warranties: You warrant that you are not involved in any unlawful activity and are not in a sanctioned jurisdiction.
  3. Indemnity: You agree to indemnify us against any claims or damages arising from your breach of these Terms.

4. Services Provided by Binary

  1. Account Registration: Ensure that your use complies with the legal age requirements and other eligibility criteria.
  2. Non-Custodial Wallet: Binary does not store user private information. It is crucial to back up your private keys and passwords.
  3. Exchange Operations: Binary does not provide exchange services directly but offers them through partners like Changelly and PayBis. Consult their terms of service for details.

5. Services Provided by Third Parties

  1. Third-Party Integrations: We may provide access to third-party services, but we do not control or endorse them. Use these services at your own risk.
  2. Cryptocurrency Rates and Transactions: Cryptocurrency rates and transaction information are supported by external sources like Binance and block explorers.

6. Risk Warning

Trading in virtual currencies involves substantial risk. You should only trade with funds you can afford to lose and understand the risks involved.

7. Limitation of Liabilities

  1. Disclaimer: We provide the Services “as is” and disclaim all warranties except as required by law.
  2. Liability Cap: Our liability is limited to the greater of USD 50 or 0.005 BTC.

8. Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies

  1. Verification Procedures: Our partners establish KYC procedures. Consult their terms for details.

9. Taxes and Compliance

  1. Local Regulations: You are responsible for complying with local laws and tax obligations related to the use of our Services.

10. Security

You are responsible for securing your device and ensuring it is protected against malware.

11. Termination and Suspension

  1. Termination: We may terminate the agreement or suspend your access for non-compliance with these Terms, legal requirements, or other reasons deemed relevant.

12. Jurisdiction

These Terms are governed by the laws of Seychelles. Disputes will be resolved in the courts of Seychelles.

13. Miscellaneous

  1. Entire Agreement: These Terms constitute the entire agreement between you and Binary. They supersede any previous agreements or understandings.
  2. Severability: If any provision is found to be unlawful or unenforceable, it will be removed without affecting the remaining Terms.
  3. Waiver: Failure to enforce any provision does not constitute a waiver of that provision.

14. Contact Information

For questions or concerns about these Terms, contact us at [email protected].

15. Termination and Suspension

  1. You may terminate the agreement at any time as permitted by law.
  2. We reserve the right to terminate or suspend your access for various reasons including legal requirements or suspicious activity.