Depending upon context, "FOX" may also refer to the services, products, website, content or other materials (collectively, "Materials") provided by the Company.
FOX does not endorse or recommend any particular digital asset, transaction, or purchasing strategy. No content on the FOX website nor communications with company personnel constitutes purchase or investment advice. Independent advice should be sought where appropriate. You acknowledge and agree that all transaction decisions are made solely by you and FOX bears no responsibility or liability for the outcome of your decisions.
THE RISK OF LOSS IN BUYING OR SELLING A DIGITAL ASSET (“DIGITAL ASSET”) CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER BUYING OR SELLING A DIGITAL ASSET IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.
Use of our service
By using FOX, you have affirmed that you are at least 18 years old and are an individual, legal person or other organization with full legal capacity to enter into this User Agreement between you and FOX.
The Service allows you to Exchange Digital Assets directly from or to FOX. To Exchange a Digital Asset in FOX, you will (i) select the Digital Asset that you want to “Send” and the Digital Asset that you want to “Get”; (ii) send the Digital Asset you are Exchanging to the address provided to you by FOX (collectively, the “Transaction”).
FOX, at its discretion, may modify or update the Service, in whole or in
part at any time.
Subject to these Terms, you are hereby granted a non-exclusive, limited, non-transferable, freely revocable license to access and use the Service for your personal use only and as permitted by the features of the Service.
Guidelines for usage of services on FOX
You hereby agree to observe the following covenants during your use of services on FOX:
- All the activities that you carry out during the use of FOX Service will be in compliance with the requirements of applicable laws, regulations, as well as the various guidelines of FOX
- will not be in violation of public interests, public ethics or other’s legitimate interests,
- will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules.
- using a device, software or subroutine to interfere with the site
- overloading network equipment with unreasonable data loading requests
- executing malicious sales or purchases on the market
- block and close order requests
- freezing your account
- reporting the incident to authorities
- publishing the alleged violations and actions that have been taken
- deleting any information you published that is in violation
If your alleged violation causes any losses to a third party, you shall solely undertake all the legal liabilities in your own name and hold FOX harmless from any loss, fine or extra expenses. If, due to any alleged violation FOX incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify FOX against any losses and expense caused thereby, including reasonable attorney’s fee.
Digital assets exchange rate
Digital Assets are experimental and risky. The Service attempts to provide fair and accurate exchange rate and transaction fee information, but this information is volatile and subject to change without advance notice. The exchange rate offered to each user for each transaction may be a user-specific or transaction-specific exchange rate formed by FOX in its sole discretion.
The final exchange rate may vary from the initial exchange rate due to market conditions and/or miner fees until the transaction is completed. We do not guarantee a fix exchange rate and that you are subject to get market exchange rate once the exchange is being actioned.
For the avoidance of doubt, a payment broadcasted to the blockchain network does not constitute an acceptance by FOX.
FOX reserves the rights to levy service fees on users who use its services. It is in the discretion of FOX to adjust the service fees charged to users using its services.
Prohibition of use
By accessing and using FOX and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list or OFAC (Office of Foreign Assets Control of the U.S. Treasury Department). FOX maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries at any time. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. FOX maintains its stance that prohibited users are not to use or access FOX and any of its services.
You are NOT in, under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, Syria, Lebanon or or the United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas)).
You guarantee that your crypto assets belong to you and they are not sold, encumbered, not in contention, or under seizure, and that neither exist any rights of third parties to your crypto assets; You shall provide correct information for constructing Exchange (e.g. payin and payout wallet address). Such wallet addresses shall not be associated with terrorism, fraudulent, scam or any type of illegal activity.
It is Your responsibility to determine, collect, report, and submit any taxes applicable to the payments You make or receive in connection with the use of the Website and the Service to the appropriate tax authority. FOX is not responsible for determining whether taxes apply to Your transaction, or for collecting, reporting or remitting any taxes arising from any transaction undertaken via the Website.
- Completed Transactions. It is the nature of Bitcoin, Litecoin, and the other cryptocurrencies on our website that all transactions are final with no method of chargeback or recourse for the sender of the funds.
- Incomplete Transactions/Overages. If your coins were not received and/or confirmed in time, not enough funds were received, or extra coins received we will refund them to you as long as you have notified us within 30 days.
- Refunds are sent minus FOX handling costs, the unsubsidized coin/miner TX fee and any other third party charges. For a refund to be honored it must be at least the network transaction fee (TX fee) for that coin times two, otherwise it will be forfeited.
Financial regulation and advice
Our business model, and our Service, consists of facilitating the buying and selling of digital assets in an unregulated yet responsible, international open payment system.
FOX service reserves the right to apply the AML/KYC procedure to certain Users, addresses and particular transactions of crypto assets. Application of the AML/KYC procedure is based on FOX service internal policies and aimed at preventing and mitigating possible risks of FOX service being involved in money laundering as well as any other illegal activities.
During the AML/KYC procedure, we reserve the right to freeze and withhold your exchange transaction for any length of time necessary to complete the investigation and AML/KYC procedure. If you do not complete or pass the AML/KYC procedure FOX has the right to terminate the execution of your transactions.
FOX service will not enter a business arrangement with individual or entity suspected of or directly involved in money laundering, or in which the funds have been the source of illegal activity.
The Service is provided on an “as is” and “as available” basis. Use of the Service is at your own risk. To the maximum extent permitted by applicable law, the Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement. No advice or information, whether oral or written, obtained by you from FOX or through the Service will create any warranty not expressly stated herein. Without limiting the foregoing, FOX, its subsidiaries, its affiliates, and its licensors do not warrant that the content is accurate, reliable or correct; that the Service will meet your requirements; that the Service will be available at any particular time or location, uninterrupted or secure; that any defects or errors will be corrected;
FOX does not warrant, endorse, guarantee, or assume responsibility for any product or service advertised or offered by a third party through the Service or any hyperlinked website or service, and FOX will not be a party to or in any way monitor any transaction between you and third-party providers of products or services.
Limitation of Liability
You acknowledge and agree, FOX shall not be liable for any of your losses caused by any of the following events, including but not limited to:
- Losses of profits, goodwill, usage or data or any other intangible losses
- Use or failure to use FOX Service
- Unauthorized use of your account or unauthorized alteration of your data by third parties
- Your misunderstanding of FOX Service
- Any other losses related to FOX Service which are not directly attributable to FOX
In no event shall FOX be liable for any failure or delay of service resulting from regular network maintenance or external factors such as power failure, natural disaster, service provider-side problems or governmental acts.
You agree to indemnify and hold harmless FOX, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of your breach or our enforcement of this Agreement. This shall also apply to your violation of any applicable law, regulation, or rights of any third party during your use of the FOX Service.
FOX reserves the right to resolve issues and disputes at its sole discretion. Some issues include infringement of others’ rights, violation of laws and regulations, abnormal trades and others not explicitly mentioned in the Terms. Users agree to bear the costs arising from the process of dispute resolution.
FOX has zero tolerance towards use of its Services for any illegal purpose. Any such abuse by any User shall result in forthwith restriction of access and reporting of such activities to concerned regulatory and statutory authorities. FOX shall report all suspicious activities to the concerned authorities to ensure initiation of investigation and prosecution against You, if required.
Users shall not use circumvention or obfuscating technologies to mask their IP addresses or to hide transaction details.
Users shall not create or circulate any technologies which violate or which would facilitate other users to violate the terms hereof including for masking IP addresses or to obfuscate transaction details.
Users shall not misrepresent, misinform or misguide FOX in any manner. Users are hereby duly informed that We shall share all details with regulatory or legal authorities and the User shall be solely responsible for the correctness of the contents provided or for legal action for false or incorrect information furnished.
Users are cautioned against undertaking any suspicious activity on or through the Website. In the event of any suspicious or large transactions being undertaken by You, FOX shall have the right but not the obligation to verify such activity by sharing Your IP address with the relevant authority, and if required, suspend the transactions or freeze Your access.
Notwithstanding the foregoing, if in FOX’s sole discretion, the source of any Digital asset is illegal or suspicious, FOX reserves the right to retain and confiscate all digital asset related to such illegal or suspicious activity.
Unless otherwise specified, all Materials on this Website are the property of the Company and are protected by copyright, trademark, and other applicable laws. You may view, print, and/or download a copy of such Materials on any single computer solely for Your personal, informational, non-commercial use, provided You keep intact all copyright and other proprietary notices. The trademarks, service marks, and logos of FOX and others used in this Website ("Trademarks") are the property of the Company and their respective owners. The software, text, images, graphics, data, exchange rates, trades, charts, graphs, video, and audio used on this Website belong to Company. The Trademarks and Materials should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, whether manual or automated. The use of any such Materials on any other website or networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, trademark, and other applicable laws and could result in criminal or civil legal actions and penalties.
We may, without prior notice, suspend the Service, change the Service; stop providing the Service or features of the Service, to you or to Users generally; or create usage or Transaction limits for the Service. We may permanently or temporarily terminate or suspend your access to the Service without notice and liability for any reason, including if in our sole determination you violate any provision of these Terms, or FOX may: (a) suspend, restrict, or terminate your access to any or all of the Services, and/or (b) deactivate or cancel your account if: (i) we are so required by a facially valid subpoena, court order, or binding order of a government authority; (ii) we reasonably suspect you of using the Service in connection with a Prohibited Activity; (iii) use of your account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your account activity; (iv) our service partners are unable to support your use; (v) you take any action that FOX deems as circumventing FOX controls, including, but not limited to, consummating transactions for the benefit of a third party or abusing promotions which FOX may offer from time to time; (vi) suspend or terminate your account or access to the Service for no reason. Upon termination for any reason or no reason, you continue to be bound by these Terms.
Last update: 26.03.2020