x0pay Terms and Conditions (T&C)
Please read and understand these Terms and Conditions ("T&C") carefully. By accessing and using x0pay, you agree to comply with these T&C.
Welcome to x0pay. Please read and understand these Terms and Conditions (T&C) carefully before using our platform. By accessing and using x0pay, you agree to comply with and be bound by these T&C.
Definitions
Wallet Address is an alphanumeric string or a combination of letters and numbers that identifies a specific wallet location on the blockchain.
Anti-Money Laundering ("AML") refers to activities aimed at anticipating and stopping money laundering practices.
Crypto Assets are intangible commodities in digital form, using cryptography, information technology networks, and distributed ledgers to regulate the creation of new units, verify transactions, and secure transactions without interference from other parties.
Network Fees, also known as transaction fees, are fees paid to execute transactions or smart contracts on the blockchain and serve as compensation for miners.
Processing Fees are fees charged to cover costs associated with payment processing and may vary based on the chosen payment method and additional fees from Payment Gateway partner. For Buy transactions subject to On-Ramp fees, the x0pay processing fee is start from 0.3%, and for Off-Ramp fees, the processing fee is start from 0.3%.
Prospective User is an individual in the process of registering on the x0pay platform but has not yet completed account verification and thus does not have full access to the platform's services and features.
Fiat refers to money in Indonesian Rupiah.
Intellectual Property Rights include copyrights, trademarks, patents, trade secrets, registered designs, and other intellectual property rights (both registered and unregistered) protected under applicable laws and regulations.
Off-Ramp is the activity of transferring or converting existing "Crypto" in the wallet to "Fiat" to a bank account with a minimum transfer amount of IDR 20,000.00 (Twenty Thousand Rupiah).
On-Ramp is the activity of transferring or converting "Fiat" into "Crypto" into the wallet with a minimum amount of IDR 20,000.00 (Twenty Thousand Rupiah).
Withdrawal is the process of withdrawing Indonesian Rupiah (IDR) from a bank account.
User (You) refers to an individual who has completed the registration and verification process on the x0pay platform, has an active account, and can access and interact with the x0pay website.
Bank Account refers to the bank account number entered by the User.
Transaction History is the section that displays the entire transaction history conducted by the User through x0pay, including successful Fiat and Crypto Asset transactions, successful withdrawals, and expired transfers.
Community Channels include digital communication platforms, including but not limited to Twitter, Discord, and Telegram, where users can engage in discussions, access updates, and connect with other members.
x0pay Website refers to the official online platform operated by x0pay, accessible via the URL https://x0pay.com/, providing information about x0pay' services, features, and offerings.
Expired Transactions are transactions that have not been paid for more than the specified time limit, with a transfer time limit of 10 (ten) minutes, after which the status changes to expired.
Platform Purpose
x0pay provides a platform designed to simplify cryptocurrency transactions for our users. We streamline the process of buying and selling cryptocurrencies with low fees so that everyone can participate in this exciting new market. We believe that cryptocurrencies have the potential to revolutionize how we think about money, and we want to help people take advantage of this opportunity.
x0pay is to be applied the following transaction flow for On-Ramp and Off-ramp services on its website and mobile application :
Access the platform through a browser at ... or via a web-3 wallet browser.
Connect your wallet.
Download a compatible wallet (if necessary).
Complete the wallet connection process (this is done outside the x0pay platform).
Once completed, users may create withdrawal or transfer transactions.
Representations and Warranties
The User has stated that x0pay has provided a complete, clear, and accurate explanation regarding Crypto Asset transactions;
The User represents and warrants that they understand Crypto Asset transactions;
The User represents and warrants that Crypto Asset transactions are conducted in accordance with applicable regulations;
The User represents and warrants that the source of funds used is not derived from money laundering and/or unlawful activities;
The User represents and warrants that all losses arising from Crypto Asset transactions will be borne by the User, and x0pay will not be held liable for any compensation or indemnification;
The User represents and warrants that they are not listed on the Suspected Terrorist and Terrorist Organization List;
The User represents and warrants that they have the legal capacity to carry out Crypto Asset transactions;
By using x0pay, the User acknowledges and accepts the terms outlined herein. x0pay offers a platform designed for the purchase and sale of cryptocurrencies, with our primary mission being to simplify cryptocurrency transactions for our users.
By using x0pay, you signify your agreement to these terms and conditions, binding yourself to the objectives and principles of x0pay.
Obligations and Responsibilities
In carrying out Crypto Asset transactions, in their capacity, the User has the following obligations and responsibilities: a. The User agrees to bear any risks, losses, or consequences suffered by the User caused by, among other things: 1) damage, delay, loss, or misdelivery of orders and communications, electronically caused by the User; 2) x0pay Account Reports or notifications of x0pay services usage sent to the User being received or read or misused by unauthorized parties over the x0pay Account. b. The User understands and agrees that they will use the x0pay Account and Services for transactions that do not violate applicable laws and/or x0pay' internal policies and/or other applicable regulations both nationally and internationally, directly or indirectly. x0pay will not provide compensation and/or liability in any form to the User or any party for any claims and/or demands and/or losses arising from the use of the Services by the User for transactions categorized as suspicious and/or prohibited by applicable laws and/or x0pay' internal policies and/or other applicable regulations both nationally and internationally related to the User's activities directly or indirectly.
c. In conducting transactions using the x0pay system, the User understands and agrees that there are certain sanctions imposed by governments, including foreign governments, and/or other authorized agencies against certain countries, entities, and individuals. Referring to this, x0pay has the right not to execute/process transactions that violate these sanction provisions, and the authorized agencies may require disclosure of related information. x0pay is not liable if x0pay or other parties fail or delay the execution of transactions or disclose information as a result of direct or indirect violations of these sanction provisions.
Data Updates
Data updates related to AML & CFT (Countering Financing of Terrorism) are as follows:
Analyze User transactions
Update data, information, and/or documents as determined by the Company.
Review User profiles and transactions categorized as medium and/or low risk.
In updating data, the Company must: a. monitor User information and documents. b. prepare a data update plan. c. realize the data update.
Complaints
User complaints here refer to notifications of data breaches and/or issues related to transactions conducted by Users. In the event of such issues, the following mechanisms should be followed by Users:
Regarding User complaints, Users have the right to notify x0pay in the event of a transaction failure by clicking “click here.”
Users will be directed to fill out the complaint form provided by x0pay. The complaint form can be completed directly at https://x0pay.com/.
The complaint will be promptly addressed with a follow-up within 1 (one) business day and resolution within 3 (three) business days.
If within this period the User does not receive service from x0pay, the User may use the "Need Help" feature on x0pay.
Intellectual Property
Respecting intellectual property rights is a fundamental principle of x0pay. All aspects of the platform, including the code, content, and features, are protected by relevant copyright, trademark, and intellectual property laws. It is essential to understand Users' rights and responsibilities in this regard:
Ownership and Use of Code You are not permitted to copy, reproduce, or replicate any part of the x0pay code without explicit permission from x0pay. The code is a core component of our platform's functionality and uniqueness, and unauthorized duplication is strictly prohibited.
Limited User Rights Using x0pay does not grant you ownership or any intellectual property rights related to it. No license is granted to you beyond the ability to use x0pay solely for the purpose of initiating transactions facilitated through the platform. This means you can use the application to conduct transactions, but it does not grant you any rights to the platform's intellectual property.
By using x0pay, you agree to these terms and acknowledge that intellectual property rights, including the code and other platform components, remain the exclusive property of x0pay. Any unauthorized use or replication of these elements may result in legal consequences.
Prohibited Activities
To ensure a safe and constructive environment for all users, we have established guidelines outlining activities that are prohibited while using our platform. By using our services, you commit to complying with these regulations. The following activities are strictly prohibited:
Illegal Transactions Any transaction or action that violates local, national, or international laws, regulations, or ordinances is strictly prohibited. This includes engaging in illegal activities or facilitating transactions related to prohibited goods or services.
Fraud and Misrepresentation You are prohibited from engaging in any form of fraudulent or deceptive activity, including misrepresenting yourself, your identity, or your intentions.
Platform Abuse Any attempt to disrupt the functionality, security, or availability of the platform, including distributing malware or engaging in hacking activities, is strictly prohibited.
Harassment and Discrimination Harassment, hate speech, or any form of discriminatory behavior directed at users or other groups based on race, gender, religion, or other protected characteristics will not be tolerated.
Intellectual Property Violations Using or distributing copyrighted material, trademarks, trade secrets, or any form of intellectual property without proper authorization is prohibited.
Unauthorized Access Any attempt to access, use, or manipulate accounts, data, or systems without explicit permission is strictly prohibited.
Spam and Unwanted Content Sending unsolicited messages, promotions, or any form of spam to other users is not allowed.
Manipulative Trading Engaging in activities that artificially inflate or manipulate the value of cryptocurrencies is prohibited.
Privacy Violations Sharing personal or sensitive information without consent is strictly prohibited.
Violation of Legal Age Restrictions Users must comply with the legal age restrictions in their jurisdiction. Access and use of the platform by minors are not permitted.
Failure to comply with these prohibited activities may result in the suspension or termination of your access to our platform. We are committed to maintaining a safe and inclusive community, and your cooperation in adhering to these guidelines is crucial.
Lawful Use
At x0pay, we are dedicated to fostering a community that upholds ethical behavior and legal compliance. By using our platform, you commit to using our services in a manner that complies with all applicable laws, regulations, and statutes. We emphasize the importance of lawful use and expect all users to adhere to the following guidelines:
Compliance with Regulations Users are expected to conduct themselves in accordance with the laws and regulations of their respective jurisdictions. Engaging in any activities that contravene national or international laws is strictly prohibited.
Respect for Intellectual Property Users must respect the intellectual property rights of others. Unauthorized use or distribution of copyrighted materials, trademarks, or any form of intellectual property is not permitted.
Ethical Transactions All transactions conducted through our platform must be for legitimate goods and services. Users are prohibited from participating in transactions related to illegal substances, counterfeit products, or other prohibited activities.
Non-Discrimination Users are expected to treat others with respect and fairness, refraining from engaging in discriminatory behavior based on race, gender, religion, or other protected characteristics.
Transparency and Honesty Users must provide accurate and honest information in all interactions on the platform. Misrepresentation, false statements, or any form of fraud are strictly prohibited.
Privacy and Consent Users must obtain appropriate consent before sharing personal or sensitive information. Violating others' privacy without their permission is not allowed.
Reporting Suspicious Activity Users are encouraged to report any suspicious or potentially illegal activities they encounter on the platform. Your cooperation helps us maintain a safe and compliant community.
By using x0pay, you acknowledge and commit to using our services lawfully. We appreciate your cooperation in maintaining the integrity of our platform and fostering a community that operates within the bounds of legality and ethical conduct.
User Responsibilities
As a user of x0pay, you play a crucial role in upholding the integrity of our platform and contributing to a positive community experience. By using our services, you accept the responsibility to act in a lawful, ethical, and responsible manner. We expect you to embrace the following responsibilities:
Conduct Within Legal Boundaries You are responsible for complying with all applicable laws, regulations, and statutes in your jurisdiction while using x0pay. Engaging in any form of illegal or unethical activities is strictly prohibited.
Adherence to Guidelines Understand and adhere to the Terms and Conditions, Prohibited Activities, and other platform guidelines. Failure to comply may result in access restrictions.
Risk Awareness Recognize the risks associated with cryptocurrency transactions. Make informed decisions and understand that losses may occur.
Liability Release Users are responsible for the accuracy of the information provided and release x0pay from all liability for any claims, demands, or losses that may arise or be suffered by the user in the future.
By using x0pay, you acknowledge and accept these user responsibilities. Your actions directly impact the culture of the platform and contribute to fostering a safe, respectful, and vibrant community. We appreciate your commitment to making x0pay a place where all users can conduct cryptocurrency transactions safely and with integrity. Service Availability
We are committed to providing a reliable and accessible platform for all x0pay users. However, it is important to note that technical factors and maintenance activities can sometimes affect the availability of our services.
Unexpected Disruptions
While we strive to deliver uninterrupted service, unexpected technical issues, maintenance tasks, or other factors beyond our control may temporarily disrupt access to x0pay. We appreciate your understanding during such occurrences.
Scheduled Maintenance
Periodic maintenance activities are essential to ensure the stability and security of our platform. We will make every effort to schedule maintenance during off-peak hours and provide advance notice whenever possible.
Emergency Maintenance
In some cases, emergency maintenance may be necessary to address critical issues. While we aim to minimize inconvenience, emergency maintenance may cause temporary platform unavailability.
Timely Communication
We are committed to keeping you informed about scheduled maintenance or unexpected disruptions through platform notifications, email, or other communication channels.
Impact on Transactions
Service disruptions can impact ongoing transactions. While we take steps to minimize such occurrences, we cannot guarantee transaction completion during periods of unavailability.
By using x0pay, you acknowledge that occasional service disruptions may occur due to technical requirements. We are dedicated to minimizing disruptions and appreciate your cooperation and patience during such events. Our commitment to maintaining a secure and reliable platform remains unwavering, and we strive to provide a seamless and trustworthy environment for your cryptocurrency transactions.
Data Security and Privacy
At x0pay, your privacy is our top priority. While account creation is not required, we may collect non-personal data to enhance your platform experience. Our dedication to protecting your information and upholding your privacy is detailed in our Privacy Policy. Your trust is paramount, and we are committed to ensuring the security and confidentiality of your information.
Fees and Charges
x0pay may involve several types of fees payable by its users:
Network Fees;
Processing Fees.
Disclaimer
The longer the time taken by users to complete a payment, the more the price/net amount of cryptocurrency they will receive will change according to the prevailing exchange rate.
No Warranties
x0pay is provided to you on an "as is" basis. While we make our best efforts to deliver reliable services, we make no promises or guarantees, whether express or implied, regarding the accuracy, availability, or dependability of the platform. We cannot guarantee an uninterrupted experience and are not responsible for disruptions, interruptions, or inaccuracies that may arise. Your use of x0pay is at your own risk, and we advise you to exercise caution and due diligence when using our services. We aim to provide a valuable platform, but it's essential to recognize that unforeseen challenges can occur in the digital landscape.
Limitation of Liability
While we are committed to providing a valuable platform experience at x0pay, we must clarify some basic rules regarding liability. In no event shall x0pay or its affiliates be liable for any direct, indirect, incidental, consequential, special, or punitive damages arising from your use of the platform. This includes, but is not limited to, financial losses, business interruptions, or data inaccuracies. Your engagement with x0pay is at your discretion and risk. Our liability is limited to the extent permitted by applicable law, and we are not responsible for any damage or loss resulting from your interaction with the platform. We encourage you to exercise caution and make informed decisions when using x0pay. Remember, while we strive for excellence, unexpected challenges can arise in the digital landscape. You are responsible for all activities conducted in connection with your account, and x0pay shall not, in any manner, be held liable if misused or used by third parties.
Changes to Terms and Conditions
We aim to keep you informed about any updates to our operational guidelines. At x0pay, we reserve the right to modify these Terms and Conditions as deemed necessary. Changes may occur due to various factors, including service enhancements, legal obligations, or user experience improvements. While we may not always be able to notify users directly of these modifications, we highly recommend that you review the Terms and Conditions regularly to stay informed about our policies. By continuing to use x0pay after revisions, you accept the updated terms. Your interaction with x0pay signifies your awareness and compliance with our updated Terms and Conditions.
Cryptocurrency Transaction Risks
We believe that you should have a detailed understanding of the complexities involved in cryptocurrency transactions. While x0pay is designed to facilitate these transactions, it is crucial to be fully aware of the potential risks associated with dealing in cryptocurrencies:
Market Volatility Cryptocurrency prices can exhibit extreme volatility, with rapid and significant fluctuations in value. This volatility can result in substantial financial gains, but also significant losses, especially in a short time frame.
Regulatory Uncertainty Cryptocurrency regulation varies globally, creating an uncertain environment. Additionally, unlike fiat currency, cryptocurrencies operate in a decentralized system without a central authority overseeing them. This can provide you with more control, but also means less protection from fraud or issues. Exercise caution due to the lack of stringent rules.
Technological Vulnerabilities The digital nature of cryptocurrencies makes them susceptible to cyber threats, hacking, and technical vulnerabilities. These risks can compromise the security of transactions and the safety of your holdings.
Irreversible Transactions Cryptocurrency transactions cannot be reversed once completed. Mistakes or unauthorized transactions cannot be undone.
Fraud The decentralized nature of cryptocurrencies can make users vulnerable to fraudulent activities, including phishing scams, Ponzi schemes, and unregulated initial coin offerings ("ICOs").
Loss of Private Keys Cryptocurrency ownership is secured through private keys. Losing access to these keys can result in the permanent loss of your assets, with no way to recover them.
Limited Acceptance While digital currency adoption is increasing, acceptance remains limited as a payment method. Not all businesses and merchants recognize cryptocurrencies, limiting their practical use.
Applicable Law
For our users in Indonesia, it is important to note that the laws governing your engagement with x0pay are those of the Republic of Indonesia. By accessing and using our platform, you acknowledge and agree that any disputes or claims arising from your use of x0pay will be subject to Indonesian law. This includes matters related to transactions, interactions, and any disputes that may arise between you and x0pay. We strive to provide a consistent and transparent experience for all users, and understanding the legal framework governing your interactions is crucial for maintaining a smooth and secure platform environment.
Risk Acknowledgment
We want to ensure you are well-informed before using x0pay. Cryptocurrency transactions carry inherent risks that are important to consider. By using our platform, you understand and accept the potential risks associated with cryptocurrencies, including market volatility, regulatory changes, technological vulnerabilities, and potential financial losses. You also recognize that the lack of regulation in the cryptocurrency field can present challenges in terms of consumer protection and security.
Additionally, you acknowledge that x0pay does not provide warranties or guarantees, and your use of the platform is at your own risk. We encourage you to exercise caution, conduct thorough research, and seek advice from financial professionals before making any decisions involving cryptocurrency. By using x0pay, you demonstrate your awareness of the risks involved and your commitment to engaging responsibly and informedly in the cryptocurrency landscape.
Force Majeure
x0pay shall not be liable for any delays, failures, or disruptions in providing services if such conditions are beyond our control. These conditions include, but are not limited to, natural disasters, government actions, cyber-attacks, or other unforeseen events that impede the normal operation of the platform. In such cases, x0pay will make reasonable efforts to mitigate the impact and resume services as soon as possible. However, you agree that x0pay shall not be held responsible for any damage or loss resulting from Force Majeure events affecting the availability or functionality of the platform.
Data Security and Privacy Commitment
x0pay is dedicated to ensuring the confidentiality and security of your personal data, documents, information, and personal statements. Consequently, x0pay will refrain from engaging in any activities involving the unauthorized collection, processing, sharing, storage, or deletion of your personal information.
In connection with your use of and access to the x0pay Services and Platform, you acknowledge and agree that you are bound by x0pay' Terms and Conditions available at this link, including any potential future modifications that may occur from time to time. This Privacy Policy is referenced in these Terms and Conditions.
If you do not agree with the contents of the Terms and Conditions, you are required to discontinue your use of the Services provided by the x0pay Platform.
Contact Information
If you have any questions or concerns regarding these Terms and Conditions, please do not hesitate to contact us:
X: https://x.com/x0payCom
Telegram: https://t.me/x0payCom
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