By using this Site, and further by registering to use our Service, you "You” are agreeing to accept and comply with the terms and conditions of use stated below ("Terms of Use"). You should read the entire Terms of Use carefully before you use this web site ("Site") or any of the services of this Site.
As used herein, "Moonbit" refers to the company, including without limitation thereby, its owners, directors, investors, employees or other related parties. Depending upon context, "Moonbit" may also refer to the services, products, Site, content or other materials (collectively, "Materials") provided by Moonbit.
The Service operated by Moonbit allows buyers ("Buyers") and sellers ("Sellers"), to buy and sell the Digital currency known as "Bitcoin" or any other digital currency that Moonbit’s platform allows to trade through its platform.
The Service operated by Moonbit also allows all registered users of the Service ("Users") to:
Depending on Your country of residence, you may not be able to use all the functions of the Site. It is your responsibility to follow those rules and laws in your country of residence and/or country from which you access this Site and Services. As long as you agree to and actually comply with these Terms of Service, Moonbit grants you a personal, non-exclusive, non-transferable and limited rights to enter and use the Site and the Service.
IF YOU DO NOT ACCEPT THE TERMS OF USE AND CONDITIONS OUTLINED IN THIS AGREEMENT, DO NOT ACCESS THIS SITE AND DO NOT USE THIS SERVICE.
By opening an account to use the Service ("Account"), you expressly represent and warrant:
Risks
The trading of goods and products, real or virtual, as well as virtual currencies involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency - virtual or not - may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on through the trading platform.
Bitcoin trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or commodities such as gold or silver, Bitcoin is a unique kind of currency, backed by technology and trust. There is no central bank that can take corrective measure to protect the value of Bitcoin in a crisis or issue more currency, or reverse transactions.
Instead, Bitcoin is an as-yet autonomous and largely unregulated worldwide system of currency traded between firms and individuals. Traders put their trust in a digital, decentralized and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
There may be additional risks that we have not foreseen or identified in our Terms of Use.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Bitcoin.
Limited Right of Use
Maintaining Your Account
This Site is for your personal or commercial use only. We are vigilant in maintaining the security of our Site and the Service. By registering with us, you agree to provide Moonbit with current, accurate, and complete information as needed to maintain your account and to keep such information updated. You further agree that you will not use any Account other than your own, or access the Account of any other User at any time, or assist others in obtaining unauthorized access.
You are also responsible for maintaining the confidentiality of Your Account information, including your password, safeguarding your own Moonbit account, and for all activity including Transactions that are posted to Your Account. If there is suspicious activity related to your Account please inform us right away so that we may, but are not obligated to take steps to secure your account. You are obligated to comply with these security requests, or accept termination of Your Account. You are required to notify Moonbit immediately of any unauthorized use of Your Account or password, or any other breach of security by email addressed to admin@moonbit.com. Any User who violates these rules may be terminated, and thereafter held liable for losses incurred by Moonbit or any user of the Site.
Finally, You agree that You will not use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking.
Termination
You may terminate this agreement with Moonbit, and close your Account at any time, following settlement of any pending transactions. You also agree that Moonbit may, by giving notice, in its sole discretion terminate Your access to the Site and to Your Account, including without limitation, our right to: limit, suspend or terminate the service and Users' Accounts, prohibit access to the Site and its content, services and tools, delay or remove hosted content, and take technical and legal steps to keep Users off the Site if we think that they are creating issues or a possible legal liabilities, infringing the intellectual property rights of third parties, or acting inconsistently with the letter of these Terms. Additionally, we may, in appropriate circumstances and at our discretion, suspend or terminate Accounts of Users for any reason, including without limitation: (1) attempts to gain unauthorized access to the Site or another User's account or providing assistance to others' attempting to do so, (2) overcoming software security features limiting use of or protecting any content, (3) usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) violations of these Terms of Use, (5) failure to pay or fraudulent payment for Transactions, (6) unexpected operational difficulties, or (7) upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by Moonbit, acting in its sole discretion.
The suspension of an Account shall not affect the payment of the commissions due for past Transactions. Upon termination, Users shall communicate a valid bank account to allow for the transfer of any currencies credited to their account. Said bank account shall be held by the User. The funds may be transferred to a valid bank account only after conversion into a currency. Moonbit shall transfer the currencies as soon as possible following the User's request in the time frames specified by Moonbit.
All services are provided without warranty of any kind, either express or implied. We do not represent that this Site will be available 100% of the time to meet your needs. We will strive to provide You with the Service as soon as possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
We will use reasonable endeavors to ensure that the Site can normally be accessed by You in accordance with these Terms of Use. We may suspend use of the Site for maintenance and will make reasonable efforts to give you notice. You acknowledge that this may not be possible in an emergency.
APIs and Widgets
We may provide access to certain parties to access specific data and information through our API (Application Programming Interface) or through widgets. You are free to use these.
External Web Sites
Moonbit makes no representations whatsoever about any other Site which you may access through this Site. The Site may provide links or other forms of reference to other websites ("External Web Sites") or Resources over which we do not have control ("External Web Sites"). In such case you acknowledge that Moonbit is providing these links or references to you only as a convenience. Moonbit is not responsible for the availability of, and content provided on, third party Sites. You are requested to review the policies posted by other Sites regarding privacy and other topics before use. Moonbit is not responsible for third party content accessible through the Site, including opinions, advice, statements, prices, activities and advertisements, and you shall bear all risks associated with the use of such content. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
Financial Advice
We do not provide any investment advice in connection with the Services contemplated by these Terms of Use. We may provide information on the price, range, volatility of Bitcoin and events that have affected the price of Bitcoin but this is not considered investment advice and should not be construed as such. Any decision to purchase or sell Bitcoin is Your decision and We will not be liable for any loss suffered.
Financial Regulation
Our business model, and our Service, consists of facilitating the buying, selling and trading of Bitcoin and other digital assets.
Email messages sent over the Internet are not secure and Moonbit is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats; you are welcome to send PGP encrypted emails to us. The instructions and keys to do so are available upon request.
Jurisdiction
The Terms of Use shall be governed and construed in accordance with the Republic of Indonesia.
Limitation of Liability
To the extent permitted by law, Moonbit will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or willful deceit or fraud. Nothing in these terms excludes or limits the liability of either party for fraud, death or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not by law be limited or excluded.
To the full extent permitted by applicable law, You hereby agree to indemnify Moonbit, and its partners against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your use of Moonbit Sites, Your use of the Service, or from your violation of these Terms of Use.
Miscellaneous
If We are unable to perform the Services outlined in the Terms of Use due to factors beyond our control including but not limited to an event of Force Majeure, change of law or change in sanctions policy we will not have any liability to You with respect to the Services provided under this agreement and for a time period coincident with the event.
Modification of Terms
Moonbit reserves the right to change, add or remove portions of these Terms, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your Account. Upon such notification, it is your responsibility to review the amended Terms. Your continued use of the Site following the posting of a notice of changes to the Terms signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended Terms.
Definitions
Bitcoin: means the Peer-to-Peer digital currency further described at http://bitcoin.org.
Fees: refers to the fee which is payable to Moonbit on each Transaction, such as a Purchase Transaction & withdrawal.
Buyer(s): means User(s) that are submitting an offer to buy Bitcoin or other crypto currencies through the Service.
Seller(s): means User(s) that are submitting an offer to sell Bitcoin or other crypto currencies through the Service.
User(s): means Buyers and Sellers as well as any holder of an Account.
Service(s): means the technological platform, functional rules and market managed by Moonbit to permit Sellers and Buyers to perform purchase and sale transactions of Bitcoin or other crypto currencies.
Price: means "price per coin" for which Users are willing to purchase or sell Bitcoin or other crypto currencies, using the Service in a Bitcoin Purchase Transaction. The Price may be expressed in any of the currencies deposited by Users in their account and supported by the Service. See our Site for a full list of currencies.
Transaction: means (i) the agreement between the Buyer and the Seller to exchange crypto currencies through the Service for currencies at a commonly agreed rate ("crypto currencies Purchase Transaction"), (ii) the conversion of currencies into other crypto currencies deposited by Users on their account ("Conversion Transaction"), (iii) the transfer of crypto currencies among Users ("crypto currencies Transfer Transaction"), (iv) the transfer of currencies among Users ("Currency Transfer Transaction") and (v) the purchase of ancillary products ("Purchase Transactions"). Moonbit may not offer all of these types of transactions at this time or in all places.
Transaction Price: means the total price paid by the Buyer in respect of each Transaction performed through the Service.
Note: We’d like to emphasize these warnings to all our customers and we encourage responsible trading: do not invest in anything you don’t understand and don’t invest more than you can afford to lose.