Terms of Service
Update in December 4, 2017
This Agreement is jointly concluded by you and Bitlim's operator and it shall have contractual effect.
Bitlim's operator is a legally recognized subject responsible for the operation of the platform website. For information about Bitlim's operator, please see the company information and license information published at the bottom of Bitlim's homepage. In this Agreement, Bitlim's operator may be individually or collectively referred to as "Bitlim". "Bitlim" means a network platform operated by Bitlim, including, but not limited to, Bitlim website at https://www.Bitlim.com/, which is an encrypted website.
I. Content and Signing of Agreement
The content of this Agreement includes the text of this Agreement and all the rules that have been or may be issued by Bitlim. All rules (the "Rules") form an integral part of this Agreement and have same legal effect as the text of this Agreement. Except as otherwise expressly stated, any service provided by Bitlim and its affiliates ("Bitlim Service") shall be governed by this Agreement.You should read all contents of this Agreement carefully before using Bitlim Service, and you should focus on reading the boldface content of this Agreement. If you use the Bitlim Service on behalf of any entity, you represent and warrant that (a) the entity is legally established and effectively surviving in accordance with applicable law of the jurisdiction area where that entity is located, and (b) you have the right to accept the terms and conditions of this Agreement, and if you violate any terms or conditions, the aforesaid entity shall be accountable to us.Bitlim reserves the right to alter or modify this Agreement at any time and to update the "Latest Revision Date" at the top of this Agreement. If you have any questions about this Agreement, you may consult Bitlim. However, regardless of whether or not you have carefully read the content of this Agreement before using the Bitlim Service, once you use the Bitlim Service, this Agreement shall be binding on you, and you shall not declare this Agreement invalid or demand revocation of this Agreement on the ground that you haven't read the content of this Agreement or haven't received Bitlim's reply to your questions. You are committed to accepting and complying with the provisions of this Agreement. If you do not agree to any provision of this Agreement, you should immediately stop the registration/activation process or stop using the Bitlim Service.
II. Registration and Account1. Registrant's qualification
You acknowledge that you should be a natural person with full civil rights and full civil capacity, a legal person or any other organization legally registered and effectively surviving (hereinafter referred to as "Member" or "User") when you complete the registration process or use the Bitlim Service in any other way allowed by Bitlim.You represent and warrant that you: (a) are at the legal age to form a binding contract; (b) haven't been suspended or canceled from the use of the Bitlim Service; (c) have full right to enter into this Agreement, which will not violate any other agreement you have signed as a contracting party; (d) will not use the Bitlim Service if any applicable law of the country or region where you are from prohibits you from performing this Agreement. If you do not have the aforesaid qualification of subject, you and your guardian shall bear all the resulting consequences, and Bitlim shall be entitled to cancel or permanently freeze your account and claim against you and your guardian.2. Registration and account
With respect to the number of Bitlim accounts, Bitlim can at its sole discretion, limit the number of Bitlim accounts that you may hold, maintain or acquire.You shall be bound by this Agreement, after you have filled in the information on the registration page, read and agreed to this Agreement and completed the registration process, or after you have filled in the information, read and agreed to this Agreement and completed the activation process according to the activation page prompts, or you have actually used the Bitlim Service in any other way allowed by Bitlim. You can log onto Bitlim through the email address or mobile phone number provided or confirmed by you or any other way allowed by Bitlim. You must provide your real name, identity document type, identity document number and other information prescribed by laws and regulations. In the event that the information provided by you at the time of registration is inaccurate or incomplete, Bitlim shall not be held liable, and you shall bear any direct or indirect losses and adverse consequences arising therefrom.Bitlim account can only be held and used by you. Bitlim reserves the right to freeze, suspend or cancel an account that is not used by you personally and shall not be held liable thereof.3. User information
When completing the registration or activation process, you should correctly provide and promptly update your information in accordance with the requirements of applicable laws and regulations, so as to make the information true, timely, complete and correct. If there are reasonable grounds for suspecting that the information you provided is incorrect, false, outdated or incomplete, Bitlim has the right to send you an inquiry and/or a notice requiring correction and to directly delete corresponding information until partially or totally suspending and terminating the provision of the Bitlim Service to you. In this case, Bitlim will not be held liable for any responsibility, and you will have to bear any direct or indirect losses and adverse consequences arising therefrom.4. Account security
You are solely responsible for keeping your Bitlim login name, nickname and password confidential, and you have to assume full responsibility for all the activities (including, but not limited to, information disclosure, posting, online click to consent or submission of all kinds of rules and agreements, online renewal of agreements, transactions, exchange or purchase of services, etc.) that occur under your login name, Bitlim nickname and password. You agree that (a) you will notify Bitlim immediately if you found any unauthorized use of your Bitlim account, nickname and password, or any other behavior in violation of confidentiality provisions; (b) you will strictly comply with Bitlim and Bitlim Service's security, certification, transaction, recharge and cash withdrawal mechanism or process; and (c) you will leave Bitlim and Bitlim Service in correct steps at the end of each surfing session. Bitlim shall not and will not be held liable for any losses arising from your failure to comply with the provision of this subsection. You understand that it takes a reasonable period of time for Bitlim to take actions in response to your requests and Bitlim shall not be held liable for any consequences (including, but not limited to, any losses) that have incurred before any action is taken by Bitlim.
III. Bitlim Service
Through the Bitlim Service and other services provided by Bitlim and its affiliates, a Member may post transaction information on Bitlim, inquire about transaction information, reach transactional intentions, conduct transactions, participate in Bitlim's activities and use other information services and technical services on Bitlim. When you have any transaction dispute with any other Member during the transaction on Bitlim, once you or that Member or both of you submit a request to Bitlim for mediation, Bitlim shall have the right to make a mediation decision based on unilateral judgment, and you understand and agree to accept Bitlim's judgment and mediation decision.You understand and agree that Bitlim has the right to, at the request of government authorities (including judiciary and administrative authorities), provide said authorities with necessary information such as user information and transaction records you provided to Bitlim. If you are suspected of infringing upon legitimate rights such as intellectual property rights of others, Bitlim shall also have the right to provide necessary identity information of you to the owner of said rights, on the premise of preliminarily ascertaining the existence of the alleged infringement.
The tax payable, and all hardware, software, service and other aspects of expenses incurred during your use of the Bitlim Service shall be borne by you alone. When you use the Bitlim Service, you agree that all transactions cannot be changed once they are executed. By using the Service, you agree that Bitlim shall have the right to liquidate the transaction at any time, regardless of profit or loss.
Bitlim reserves the right to add a virtual currency on Bitlim website and may remove any virtual currency from the website at any time and for any reason. Unless otherwise provided for by law or law enforcement authorities, Bitlim will make reasonable efforts to inform you that the virtual currency may be removed. If the transaction in a certain type of virtual currency will be closed on Bitlim, Bitlim will publish the message on Bitlim website and notify you via the contact information you entered in your account, and you will have 30 days to transfer the remaining amount in your Bitlim account associated with such a virtual currency to an external virtual currency address. Bitlim shall not be held liable for any loss, liability or expense associated with the removal of a virtual currency or the closing of associated transactions.You agree that Bitlim is not responsible for any price fluctuations in a virtual currency. In the event of a market disturbance or force majeure event (as defined in Article 8), Bitlim may carry out one or more of the following operations: (a) suspend the use of the Bitlim Service; or (b) prevent you from taking any action through the Bitlim Service, including the closure of any open positions. We will not be responsible for any loss you may suffer thereof. After any such event has occurred, when the transaction is resumed, you acknowledge that the prevailing market interest rate may differ significantly from the interest rate available before such event.
IV. Bitlim Service Usage Specifications
During the use of the Bitlim Service on Bitlim, you are committed to complying with the following: All acts implemented during the use of the Bitlim Service comply with the provisions and requirements of regulatory documents such as national laws and regulations and Bitlim Rules; actions (including acts and omissions) that violate applicable laws, social public interest, public order or good custom will not be implemented; no prejudice to the legitimate rights and interests of others; no evasion of the tax payable; no breach of this Agreement or the Rules. If you violate the aforesaid commitments, resulting in any legal consequences, including possible criminal investigation procedures, you shall be solely responsible for all liability in your own name and ensure that Bitlim is free of any loss. Bitlim is entitled and obliged to cooperate with relevant authorities in the investigation that meets the requirements of applicable law, including but not limited to providing any relevant information to said authorities. In the course of dealing with other Members, you should abide by the principle of good faith, and you should not commit unfair competition, disturb the normal order of online transactions, or commit any behavior unrelated to online transactions. You should not use any data on Bitlim for commercial purposes, including but not limited to reproduction, transmission or otherwise use of any information displayed on Bitlim website without the prior written consent of Bitlim. You should not use any device, software or routine to intervene or attempt to intervene in the normal operation of Bitlim or any transactions and activities that are being carried out on Bitlim. You are not allowed to take any action that would result in an unreasonable large data load on Bitlim network equipment.
You understand and agree that Bitlim has the right to make a unilateral determination of whether or not you have violated the above commitments and to process or terminate the Service to you in accordance with the applicable rules of the unilateral determination results without having to obtain your prior consent or notify you in advance. Based on the need to maintain Bitlim transaction order and transaction security, Bitlim has the power to close corresponding transaction order in the event of malicious sale or purchase that disrupts the normal order of the market. If any effective legal document issued by a State administrative or judicial authority confirms that you have committed an offense or infringement, or if Bitlim believes based on its own judgment that your conduct is suspected of violating the terms of this Agreement and/or the Rules or laws and regulations, Bitlim shall have the right to publicize your alleged offense or violation and the actions that Bitlim has taken to you on Bitlim website. Bitlim reserves the right to remove any information you published on Bitlim, which is alleged to be illegal or alleged to have infringed upon the legal rights of others or violated this Agreement and/or the Rules, without notifying you in advance, and to impose punishment in accordance with the Rules. As for acts that you implemented on Bitlim, including those that you have not implemented on Bitlim but have affected Bitlim and its Users, Bitlim has the right to unilaterally determine the nature of your conduct and whether it constitutes a breach of this Agreement and/or the Rules and accordingly impose appropriate punishment. You should keep all your evidence in connection with your actions and bear adverse consequences for failure to provide sufficient evidence. If any damage is caused to a third party due to your alleged breach of your commitments, you shall be solely liable for all legal responsibilities in your own name and shall ensure that Bitlim is free from any loss or increase in costs. You shall be liable for any loss and/or expense incurred by Bitlim, including reasonable attorneys' fees, if you are suspected of violating the provisions of any law or this Agreement, causing any loss to Bitlim, or making Bitlim claimed by any third party or punished by any administrative department.You understand and agree that Bitlim is not responsible to confirm whether any link to any other website or resource provided by a third party on Bitlim Service can be used. Bitlim is not responsible for any content, advertisements, items or other information that is present or derived from such sites or resources. Bitlim will not bear any direct or indirect liability for any damage caused to a User due to the use or reliance of any goods, services or information published on or acquired through such sites or resources.
You understand that Internet is borderless and agree to abide by all laws and regulations on online conducts and content. You specifically agree to comply with all applicable laws and regulations that may be relevant to the export of information from China or the country or region where you are from.
V. Scope and Limitation of Liability
Bitlim makes no expressed or implied warranties with respect to Bitlim Service, including but not limited to the applicability of Bitlim Service; no errors or omissions; persistence, accuracy, reliability, and fitness for a particular purpose. At the same time, Bitlim does not make any commitment or guarantee to the validity, accuracy, correctness, reliability, quality, stability, completeness and timeliness of the technology and information involved in Bitlim Service.
You understand that the transaction information on Bitlim is published by Users and may contain risks and defects. Bitlim only functions as a trading place. Bitlim is just a place where you obtain virtual currency information, find the transaction object, negotiate and conduct the transaction in a virtual currency. However, Bitlim cannot control the quality, value, safety or legitimacy of the virtual currency involved in the transaction, the authenticity or accuracy of the transaction information, or the ability of the transaction parties to fulfill their obligations in a transaction agreement. You should, at your own discretion, determine the authenticity, legality and validity of the relevant virtual currency and/or information, and bear liability and losses therefrom.
Bitlim is not obligated to pre-review the information, virtual currency information and transactions of all Users and other matters relating to transactions, unless otherwise expressly required by law or regulations or in the event of the following: Bitlim has reasonable grounds to believe that a particular Member and particular transaction may be in material offense or breach. Bitlim has reasonable grounds to believe that a User's behavior on Bitlim is suspected of being unlawful or improper. Bitlim or a third party authorized by Bitlim or a third party recognized jointly by you and Bitlim has the right to, on the basis of your irrevocable authorization, handle your dispute with other Members arising out of a transaction and has the right to unilaterally determine the facts related to said dispute and to determine the applicable rules, and then make a decision to deal with it, including, but not limited to, adjusting the transaction status of relevant order, directing a third-party payment company or customer service staff to pay the disputed price in whole or in part to a transaction party or both transaction parties. The processing decision is binding on you. If you do not execute the decision before specific deadline, Bitlim shall have the right (but not an obligation) to directly use the funds in your Bitlim account or the deposit you have paid to Bitlim and its affiliates to make required payment. You should make up the deposit in a timely manner and make up for the losses of Bitlim and its affiliates, otherwise Bitlim and its affiliates have the right to, after notifying you, directly offset your gains under other contracts concluded with Bitlim and have the right to continue to recover losses.
You understand and agree that Bitlim or a third party authorized by Bitlim or a third party recognized jointly by you and Bitlim is not a judicial authority and it may identify the evidence only as an ordinary person, the dispute mediation by Bitlim or a third party authorized by Bitlim or a third party recognized jointly by you and Bitlim is based solely on your irrevocable authorization, it cannot guarantee that the outcome of the dispute mediation will meet your expectations, and it will not bear any responsibility for dispute mediation conclusions. You agree to claim independently to the beneficiary if you may suffer any losses thereof.
You understand and agree that, in any circumstances, whether or not Bitlim has been advised, Bitlim shall not be liable for compensation in respect of any loss of profits, business interruption, trading opportunities, business reputation, right to use the Service, data, or other intangible losses, indirect losses or expectant interest.
VI. Risk Disclosure
You understand that there may be risks associated with the use of Internet-based trading systems in Bitlim Service, including but not limited to hardware, software and Internet connection failures. You agree that Bitlim shall not be held responsible for any communication failures, interruptions, errors, distortions or delays that may be occurred when you trade in Bitlim Service.
You agree to pay the transaction fee for transactions completed through Bitlim Service, which can be viewed at the expense statement in the Expense Description. Bitlim may modify the expense statement from time to time. Any modification to the expense statement will take effect upon expiry of the notice period. The modified expense statement will apply to any transaction that incur after such modifications take effect.
You authorize Bitlim or a payment operation company designated by Bitlim to charge or deduct from your managed Wallet any applicable fees relating to the transactions you have completed through the Bitlim Service.
VIII. Force Majeure Event
We shall not be held liable for any responsibility, if this Agreement cannot be performed or temporarily cannot be performed due to (a) any inaccuracy, error, delay or omission of any information or in information transmission; or (b) any event beyond our reasonable control, including but not limited to floods, special weather conditions, earthquakes, fires, wars, riots, rebellions, labor disputes, accidents, government policies, communication or power failure, equipment or software failure, hacker attacks, computer virus, third-party website or server failure (hereinafter referred to as "Force Majeure Event").
IX. Termination of Agreement
You agree that Bitlim shall have the right to, at its sole discretion, partially or totally suspend or terminate the provision of the Bitlim Service to you, or temporarily freeze or permanently freeze (cancel) your account’s permissions at Bitlim for any reason without prior notice to you, and shall not be held liable for any responsibility to you or any third party. However, Bitlim has the right to continue to keep the account-related transaction data, records and other information, and apply and use such information.
In the event of any of the following circumstances, Bitlim has the right to terminate this Agreement directly by way of cancellation of your account and has the right to permanently freeze (cancel) your account’s permissions at Bitlim and withdraw the Bitlim nickname of said account:
a) you are suspected to register as a Bitlim user directly or indirectly or in the name of another person, after Bitlim terminates the Service to you;
b) the e-mail address you provided does not exist or cannot receive an e-mail, and there is no other way to contact you, or Bitlim informs you to modify the e-mail address by other contact but you fails to modify it to a valid e-mail address within three business days after being advised by Bitlim;
c) the main contents of user information you provide is untrue, inaccurate, outdated or incomplete;
e) you express and notify Bitlim that you refuse to accept a new service agreement when this Agreement (including Rules) is amended; or
f) other circumstances where Bitlim considers that the Service should be terminated.
After your account service is terminated or your account's permissions at Bitlim have been permanently frozen (canceled), Bitlim is under no obligation to retain or disclose to you any information in your account, or forward to you or any third party any message that you have not yet read or sent.
You agree that after you terminate your contract with Bitlim, Bitlim will still have the following rights: continue to keep your user information and all transaction information generated during your use of the Bitlim Service. Bitlim may claim rights against you pursuant to this Agreement if you have committed an offense or violated this Agreement and/or the Rules during the use of the Bitlim Service. After Bitlim suspends or terminates the provision of the Bitlim Service to you, your transactions incurred before that will be dealt with according to the following principles, and you should solely handle and fully assume any dispute, loss or increase of costs arising out of the following disposal and shall ensure Bitlim will be free of any loss or expense: As for any virtual currency that you uploaded to Bitlim before suspension or termination of the Service, which has not yet been traded, Bitlim has the right to delete relevant information on that item upon suspension or termination of the Service; as for any trading contract you have concluded with any other Member before suspension or termination of the Service, which has not yet been performed actually, Bitlim has the right to cancel the performance of said contract and to delete relevant information on the traded virtual currency; as for any trading contract that you have concluded with any other Member before suspension or termination of the Service, which has been partially performed, Bitlim may not delete the transaction, but Bitlim shall have the right to notify your trading counterparty of relevant situation upon suspension or termination of the Service.
XI. Exclusive Right
You understand and agree that the Bitlim Service and the related software (hereafter referred to as "Service Software") contain proprietary information that is protected by intellectual property law and other laws and that all rights, including ownership and intellectual property, are legally owned by Bitlim or the licensor. You are not allowed to reproduce, modify, sell, transmit or publish the content, service software or code of the Bitlim Service in part or in whole, or produce derivative services, software or codes by use of the content or service software of the Bitlim Service, without the prior written consent of Bitlim or relevant parties. Bitlim grants you a non-exclusive use of Bitlim Service and you may not (and may not allow any third party to) restore the Bitlim Service or its service software, decompile it or otherwise decode the original code. You have no right to transfer any rights over Bitlim Service and service software by way of transferring, licensing to transfer, setting warranty or otherwise. You agree to use Bitlim Service only through the interface provided by Bitlim and not in any other way.
XII. General Provisions
This Agreement and the relationship between the User and Bitlim are governed by the laws of the User's country. Disputes between the User and Bitlim regarding the Bitlim Service itself, this Agreement or other related matters shall be resolved through friendly negotiation. If any dispute cannot be resolved through negotiation, a lawsuit may be filed with the people's court with jurisdiction. Bitlim's failure to exercise or enforce any rights set forth or conferred by this Agreement shall not constitute a waiver of such rights. If any provision of this Agreement is invalid because of being in conflict with any laws and regulations of User's country, it shall not affect the validity of the other provisions. The headings used in this Agreement are for convenience only, and if any of them contradicts with the content of this Agreement, the provisions of this Agreement shall prevail.