BYDFi Web3 Services Agreement
1. Introduction and Acceptance of Terms
This agreement ("Agreement") applies to your ("User" or "you") use of Web3 products and services ("Web3 Services") provided by BYDFi. By using Web3 Services, you acknowledge that you have read, understood, and agreed to comply with all terms and conditions of this Agreement, including but not limited to the Risk Disclosure Statement and Privacy Policy. If you disagree with any part of this Agreement, please cease using BYDFi Web3 Services immediately.
2. Scope of Services
2.1 BYDFi Web3 Wallet Services offers custodial wallet solutions to securely store, receive, and send digital assets, along with cross-chain transaction capabilities across various blockchain networks.
2.2 Service Availability Service availability depends on the legal and regulatory requirements of the user's jurisdiction. Some users may be unable to access certain features or the entirety of BYDFi Web3 Services. BYDFi Web3 reserves the right to provide or restrict services based on local laws and regulations. Users are solely responsible for ensuring compliance with local laws when using the services.
2.3 Transaction Flexibility and Restrictions Users acknowledge and agree that BYDFi Web3 may, at its sole discretion, perform the following actions for market risk management and compliance purposes: (i) Aggregate transaction data and conduct risk management as needed; (ii) Adjust or optimize trading activities based on market conditions. These actions are at BYDFi Web3's discretion and may occur without prior user notification.
2.4 Exclusion of Third-Party Services Any third-party protocols, technologies, or external platforms integrated with BYDFi (e.g., over-the-counter services or decentralized applications) do not constitute part of BYDFi’s service scope. BYDFi does not provide any express or implied warranties for third-party services and assumes no liability for them.
3. User Qualifications and Responsibilities
3.1 User Qualifications Users must meet the legal age of majority in their jurisdiction and possess full legal capacity to enter into binding agreements. Users are responsible for ensuring that their use of BYDFi Web3 Services complies with applicable laws in their jurisdiction.
3.2 User Responsibilities
(i) Legitimate Use: Users agree to use the services solely for lawful purposes and must not engage in any illegal activities, including but not limited to money laundering, fraud, or financing terrorism; (ii)Account Security: While BYDFi Web3 provides custodial features, users are responsible for safeguarding their accounts and bear the consequences of any loss due to inadequate security measures; (iii)Accurate Information: Users must provide accurate, up-to-date, and truthful information. BYDFi Web3 reserves the right to suspend or terminate accounts if users fail to comply.
4. Risk Disclosure
4.1 Market Risks Digital asset prices are highly volatile and may result in significant financial loss. Users assume all risks associated with trading and holding digital assets.
4.2 Technical Risks Blockchain technologies may encounter vulnerabilities, including smart contract errors, network congestion, or technical failures, which could affect the reliability of services or the success of transactions.
4.3 Third-Party Risks Using third-party services (e.g., DApps or external protocols) may pose security or legal risks. Users are solely responsible for evaluating and assuming such risks.
5. Fees and Costs
Applicable Fees Certain features of BYDFi Web3 Services may require fees, such as blockchain network transaction fees or other related costs. These fees will be disclosed to users before service usage. All fees are borne solely by the user. BYDFi is not liable for any losses arising from fee changes, payment issues, or related matters.
6. Privacy and Data Security
6.1 Data Collection and Use We may collect data such as wallet addresses, transaction records, and IP addresses to optimize services and ensure compliance with legal requirements.
6.2 Data Sharing BYDFi Web3 may share necessary data with third-party service providers (e.g., for technical support and transaction processing) but will never sell users' personal information.
6.3 Data Security BYDFi Web3 employs industry-standard encryption and security measures to protect user data and transaction safety. However, users understand that no system is immune to external threats, including but not limited to cyberattacks, data breaches, system failures, or force majeure events. BYDFi Web3 assumes no liability for data loss, transaction failures, or damages resulting from such risks.
7. Limitation of Liability and Disclaimer
7.1 Disclaimer BYDFi Web3 does not guarantee uninterrupted operation, specific functionality, or the success rate of transactions.
7.2 Limitation of Liability BYDFi Web3 makes no guarantees regarding the functionality, reliability, uninterrupted operation, or error-free nature of its services, including but not limited to the timeliness or success of transaction execution. Users acknowledge that services may be affected by technical limitations or external factors, and BYDFi is not responsible for any resulting losses.
8. Agreement Modifications and Termination
8.1 Modification Rights BYDFi Web3 reserves the right to modify this Agreement at any time. Changes will be communicated via the official website and take effect immediately. Continued use of the services constitutes acceptance of the updated terms.
8.2 Termination Rights If users violate this Agreement or applicable laws, BYDFi Web3 may, at its discretion, suspend or terminate the user's access to the services.
