Terms of Service
By using Allcoin, accessing the website, or using any service provided by Allcoin, you agree to the following terms of service. Continued use of the Allcoin website demonstrates that you agree with our terms of service. Throughout the following terms of service, Allcoin may be referred to as "us", "our", "we", "the website", and "Allcoin". Users of Allcoin include but are not limited to registered members, as well as any visitor who uses the website in any way, shape or form. The term cryptocurrency, digital asset may be used to describe any form of digital currency. By opening an account or accessing the Allcoin website, you agree to the following terms: 1. These policies may be changed at any time, with or without notice. It is your responsibility to regularly review the policies of Allcoin. 2. You are at least 18 years old and reached the legal age of your country. 3. Allcoin does not provide services to residents or citizens of Afghanistan, Albania, Algeria, Angola, Belarus, Bosnia and Herzegovina, Central African Republic, Ivory Coast, Croatia, Cuba, Ecuador, Guyana, Iran, Iraq, Israel, Kenya, North Korea, Laos, Lebanon, Liberia, Libya, Macedonia, Myanmar, Panama, Papua New Guinea, Sao Tome and Principe, Somalia, South Sudan, Sudan, Syria, Tanzania, Turkey, Turkmenistan, Uganda, Ukraine, USA, Vietnam, Yemen and Zimbabwe. 4. You accept that the purchase and sale of cryptocurrency, digital asset (Bitcoin, Litecoin, etc.) involves risk. Your asset will be increased or deduced at any time due to the price fluctuations. 5. You acknowledge that purchasing Bitcoin (or any other digital currency or asset offered by Allcoin) involves risk and you will not hold Allcoin accountable for any gains or losses that you incur as a result. 6. In no circumstance shall Allcoin be responsible for any loss that you incur. 7. Allcoin does not provide, offer or exchange securities, investment contracts or any other form of financial instrument that may be considered by law to be a "security". 8. Allcoin offers a marketplace for the buying and selling of cryptocurrency and digital assets. While we strive to ensure that marketplace is both fair and free, we cannot be held accountable for any form of "market manipulation" that may occur, whether it be within the Allcoin marketplace, or in the cryptocurrency or digital asset marketplace as a whole. 9. Users agree that cryptocurrency and digital asset prices are often unpredictable and experience swings due to a variety of reasons, including government interference, market conditions and speculation. 10. Allcoin does not set the current market price. The price of cryptocurrency and digital asset units traded on the Allcoin platform result directly from buy and sell orders placed by users. 11. Any trading decision based on information provided by Allcoin shall be the responsibility of the user alone. Allcoin assumes no responsibility for any action that is taken in the course of using the Allcoin website or API. 12. Allcoin will not delay releasing market information on purpose. However, in the event of a network outage or similar situation, users acknowledge that Allcoin bears no responsibility for any delays. 13. As a user of Allcoin, you acknowledge that Allcoin has no responsibility for any losses that you incur as a direct or indirect result of the website or any of our services. 14. Allcoin is not a bank, and therefore is not protected by Canada Deposit Insurance Corporation. Funds traded on the Allcoin platform, whether they are domestic currency, digital cryptocurrency or digital asset, are not protected by any government insurance policy. 15. All account funds are considered to be purchases of Allcoin Tokens. These are units that are used for the purposes of purchasing Bitcoin, other cryptocurrencies or digital assets. Allcoin Tokens are not Canadian Dollars, US Dollars or Chinese Yuan. Any notation of CAD, USD or CNY refers to an equivalent unit in Allcoin Tokens, which exist for the sole purpose of buying and selling Bitcoin, other cryptocurrencies and digital assets. 16. Legal currency of a user account refers to the currency a user can deposit and withdraw. Allcoin only offers exchange services between fiat currencies and cryptocurrencies or digital assets, and does not offer conversion services between fiat currencies. Therefore, users who choose one type of currency can only deposit and withdrawal in that currency. 17. User can have a USD-based account or CNY-based account. One user can have only one account with the chosen fiat currency. 18. Allcoin is not a financial institution, bank, credit union, trust, or deposit business. We do not take deposits for banking services. A user deposits funds into his or her account solely for the purposes of buying and selling cryptocurrencies and digital assets. 19. It is the user's responsibility to secure his or her Allcoin account. Any loss that occurs as a result of negligent security practices, whether it be on the part of the user, or Allcoin, will not be the responsibility of Allcoin, its directors, associates or employees. 20. It is your responsibility to guard your password. Sharing your password with a third party constitutes a breach of this contract. 21. User is allowed to use Allcoin services only in his or her own name. User is not allowed to follow instructions from a third party to deal with the money or act on behalf of a third party.