BingX P2P Terms of Use – BingX

Dear Users,

The BingX P2P Terms of Use (hereinafter referred to as "the Terms") is entered into between you (hereinafter referred to as "you" or "your") and BingX. By accessing, downloading, using, or clicking "I agree" to any service provided by BingX (hereinafter referred to as “ the Service”), you acknowledge that you have read, understood, and accepted all the terms and conditions set forth in the Terms herein and the Privacy Policy as disclosed on BingX website. For certain services, you may also need to comply with the additional applicable terms and conditions.

Please read carefully the Terms herein as they will guide you in your use of the Service. The Terms stipulates important provisions, including the arbitration clause that requires all claims to be resolved by legally binding arbitration. As with any asset, the value of digital currencies can be subject to significant fluctuation and there is a significant risk of financial loss when purchasing, selling, holding, or investing in digital currencies and their derivatives. By using the Service, you acknowledge and agree that: 1. You are fully aware of the risks associated with trading digital currencies and their derivatives; 2. You solely bear all risks arising from using the Service, and trading digital currencies and their derivatives; 3. BingX is not responsible for any such risks or undesired results that you may incur.

By accessing, using, or attempting to use the Service in any capacity, you acknowledge that you accept and agree to be bound by the Terms. If you do not agree, do not access or use the Service. Before starting P2P transactions at your discretion, make sure that you are aware of the Terms. You need to exercise caution and decide whether to use the Service in case of any unwanted loss incurred to your cryptos or other assets. The Terms includes but is not limited to the following terms and conditions. Please read carefully.

All Users Shall Agree to Any Modification, Change, and Amendment of the Terms

The BingX P2P provides users with a peer-to-peer crypto trading service. The following terms constitute a legally binding agreement between BingX and the registered users of the BingX P2P platform ("P2P") at bingx.paycat.com and other websites, mobile apps or related services or applications designated by the Company from time to time.

Please read the Terms carefully. By accessing and using P2P (including placing orders and posting digital asset ads here), you acknowledge that you have read, accepted, performed, and agreed to be bound by the Terms. We may change or modify the Terms or related clauses at any time at our sole discretion. The changes will take effect on the "last updated" date shown at the top of this page. You understand and agree that we may change the form and nature of all or part of the P2P service from time to time without prior notice to you, and may add new features, delete existing features or change any part of the P2P service.

If you are unable to accept any provisions of the Terms or subsequent changes to them, please do not use or continue to use the P2P service. By continuing to use P2P after we have posted the above notice of changes to the Terms, you accept and agree to the said changes.

The Terms contain an arbitration clause. Except for certain types of disputes mentioned in the arbitration clause, you and BingX agree that any disputes between us shall be resolved by mandatory binding arbitration and that you and BingX waive any right to participate in a class action or class arbitration.

All Users Shall Comply With Regional and National Laws

Before transactions in fiat currencies, you shall also read and agree to the user agreements with platforms in partnership with BingX and comply with the platform rules related to trading in fiat currencies, such as the legal notice, privacy policy, and P2P user transaction policy as well as the business rules of such partners. You shall comply with the laws and regulations on anti-money laundering, anti-terrorism financing and exchange controls of the country or region where you are located, and implement the provisions of these guidelines within the scope of the laws and regulations of the region where you are located. In the case of stricter provisions in the country or region where you are located, the said provisions shall be observed. If you are located in a jurisdiction where trading digital assets is expressly prohibited by regulations or which is on a list of sanctioned countries, you are prohibited from using the services of this website.

All Users Shall Comply With KYC, Anti-Money Laundering, Anti-Terrorist Financing, and Legality Principles

The platform prohibits users from misusing the platform to engage in any illegal trading or activities, including but not limited to money laundering, smuggling, commercial bribery, and illegal foreign exchange. To this end, the platform has done its utmost to formulate stringent plans and security and risk control measures to safeguard the legitimate rights and interests of users to the greatest extent. In the event of any suspected illegal transactions or activities, the platform will adopt all available measures, including but not limited to freezing the offender's account, reporting to relevant authorities, etc. The platform will not assume any of the responsibilities arising therefrom and reserve the right to hold relevant persons accountable.

Registration and Identity Verification

By registering with BingX, you consent to share personal information requested for the purposes of identity verification. Such information will be used to verify user identity, detect traces of money laundering, terrorist financing, fraud, and other financial crimes plotted via BingX, and for other legal purposes as declared by BingX. We will collect, use and share this information in accordance with our disclosed Privacy Policy. In addition to providing such information, you consent to allow us to keep a record of that information while 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, either directly or through a third party, to verify your identity or protect you and/or us from financial crimes, such as fraud. The identity verification information we request may include but is not limited to your name, email address, contact information, telephone number, username, government-issued ID, date of birth, and other information collected at the time of account registration. In providing such information, you confirm that it is accurate and authentic. After registration, you must guarantee that the information is truthful, complete, and updated in a timely manner should there be any changes. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated, or incomplete, BingX shall have the right to send you a notice to demand corrections or removal of relevant information directly, and, as the case may be, terminate all or part of the Service provided to you. You shall be solely and fully responsible for any loss or expenses incurred during the use of the Service if you cannot be reached through the contact information provided. You hereby acknowledge and agree that you have the obligation to keep all information provided up to date if there are any changes. By registering with BingX, you hereby authorize BingX to make inquiries, whether directly or through third parties, that BingX considers necessary to verify your identity or protect you and/or BingX against any fraud or other financial crimes, and to take actions that BingX reasonably deems necessary based on the results of such inquiries. You also acknowledge and agree that your personal information may be disclosed to governments and fraud prevention or financial crime agencies who may respond to our inquiries in full.

BingX P2P Disclaimer

The P2P service is provided on an “as is” and “as available” basis without any guarantees, representations, or warranties, whether express, implied, or statutory. To the fullest extent permitted by applicable laws, BingX hereby disclaims any implied warranties of title, merchantability, fitness for a particular purpose, and/or non-infringement. BingX does not make any representations or warranties that the access to its website, any part of the Service, or any of the materials contained therein, will be continuous, uninterrupted, timely, or error-free. BingX is not liable for any disruption or loss a user may suffer. You hereby acknowledge and agree that you have not relied upon any other statement or understanding, whether written or oral, with respect to your use of and access to the Service. Without limiting the foregoing provisions, you hereby acknowledge and accept the various risks inherent in digital currencies including but not limited to hardware failure, software issues, internet connection failure, malicious software, and third-party interference that lead to loss or lack of access to your account or wallet, loss of other user data, server failure or data loss. You accept and acknowledge that BingX will not be responsible for any communication failures, disruptions, errors, distortions, or delays you may experience when using the Service, howsoever caused.

In no event shall BingX, its affiliates and service providers, or any of their respective officers, directors, agents, employees, advisors, consultants or representatives, be liable (a) for any amount greater than the value of total fees paid by you for the service that is subject of the cause of action in the twelve (12) months prior to the loss arising or (b) for any direct or indirect loss of profits, data, or any other intangible property arising out of or in connection with authorized or unauthorized use of the site or the Service or (c) for direct or indirect loss incurred from bank account freezing due to any third party or personal reasons. Such loss shall be borne by the third party or individual respectively.

While using the Service, you may view content or utilize services provided by other third parties, including hyperlinks directed to the third parties’ websites and services of such parties. We do not endorse, adopt or control any third-party content and will assume no responsibility or liability for such third-party content whatsoever. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred as a result of any such dealings.You are aware that your use of the third-party content and your interactions with third parties are solely at your own risk.

BingX P2P Risk Disclosure

You are fully aware of the risks inherent in P2P transactions, including but not limited to the fluctuation in the value of digital assets, the creditworthiness of the counterparty to a P2P transaction, and the compliance risk associated with legal currency transactions.

You possess sufficient investment expertise and experience, are capable of assuming the risks associated with P2P transactions, and agree to assume sole liability for all risks incurred from P2P transactions.

You shall not include any personal data (including social media and messenger accounts) in the transaction conditions or automated replies to the counterparty for the sake of both parties' security.

You shall not use any sensitive words, including "BingX," the local bank's name, or the payment system in your username or nickname.

You shall not conduct P2P transactions using multiple accounts. Otherwise, we reserve the right to ban all associated accounts from conducting transactions.

You have read and understood the Terms as well as BingX policies, consulted with professionals, and independently determined whether and how to conduct P2P transactions based on their advice prior to conducting P2P transactions.

The platform is not involved in the P2P transaction. As a result, any disputes arising between users regarding P2P transactions are unrelated to the platform. The platform has neither the right nor the obligation to resolve any disputes that may arise. The platform shall not assume any financial or other obligation or liability to any party (including without limitation to indemnification).

You agree and authorize the platform to take any reasonable action (including, without limitation, canceling transactions or disabling account features in certain circumstances) to protect the legal rights of yourself, the platform, and any other users in accordance with the Terms and the platform terms and conditions.

Please note that the payment methods displayed on BingX P2P represent the users' legal currency transaction options. BingX will have no business relationship with the payment services displayed on the platform.

Please check the box before "I am aware of the above risks and important notices." below after reading.

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