TERMS OF SERVICE

the policies and procedures of mrbit.com of your TERMS OF SERVICE is important to us. We follow a few fundamental principles:

 
Futurus X

TERMS OF SERVICE

General conditions

These Terms of Service govern Your access and use of the Services available via the Website. The Terms constitute the legal agreement between You and Futurus X.

You should read these Terms carefully before You use the Services.

By opening an Account or commencing the use of the Services, You confirm that You fully agree to all the terms and conditions set out in these Terms. If You do not agree to the terms and conditions set out in these Terms, then You may not use the Services.

The Futurus X Privacy Policy is part of Futurus X Terms and regulates the processing of personal data on the platform. You can find the Privacy Policy here.

Definitions

“Futurus X”, “us”, “we” or “our” means Futurus X OÜ, an Estonian private limited company registered under registry code 14533316 and registered address Harju maakond, Tallinn, Nõmme linnaosa, Rännaku pst 12, 10917, email address [email protected]

“You”, “Your” means a person using the Website and/or Services provided by Futurus X.

“Party” means each of You and Futurus X and “Parties” means You and Futurus X collectively.

“Account” means the account opened with Futurus X by You, using which You can use the Services.

“Services” means the services provided by Futurus X to You which consist in a digital platform for the central exchange of cryptocurrency. It allows customers to trade and exchange cryptocurrencies.

“Wallet” means the cryptocurrency wallet where we store Your crypto funds and can be accessed via the Website. We generate and store the public and private keys necessary for cryptocurrency transactions on your behalf.

“Website” means the Website accessible at misterbit.net including its subdomains, programming code, related technologies, know-how, databases, design and Content therein.

“Content” means text, design, data, video content or other intellectual property, content or information, made available to You by Futurus X.

“Terms” means these Terms of Services, as amended from time to time.

“Europe” means the countries that are part of European Union

“KYC” stands for Know-Your-Customer.

“AML” stands for anti-money laundering.

“PEP” stands for politically exposed person and shall have the meaning given in the Money Laundering and Terrorist Financing Prevention Act of Estonia: a natural person who is or who has been entrusted with prominent public functions including a head of State, head of government, minister and deputy or assistant minister; a member of parliament or of a similar legislative body, a member of a governing body of a political party, a member of a supreme court, a member of a court of auditors or of the board of a central bank; an ambassador, a chargé d'affaires and a high-ranking officer in the armed forces; a member of an administrative, management or supervisory body of a State-owned enterprise; a director, deputy director and member of the board or equivalent function of an international organisation, except middle-ranking or more junior officials.

Opening Account

To use the Services, You must open an Account with Futurus X. Any use of the Services must be carried out by You exclusively through the Account opened for You.

To register for an Account or to use any of the Services, You must be at least 18 years of age.

You are responsible for maintaining adequate security and control of any login IDs, passwords, keys, personal identification numbers (PINs), and any other codes or devices which are intended to or can otherwise be used to access the Account and/or use the Services.

You have an obligation to fully and timely cooperate with Futurus X in the investigation of any suspected unauthorized access to the Account or use of the Services.

You will be solely responsible, and to the maximum extent permissible under applicable legal acts, Futurus X will have no liability, for any activity that takes place with Your Account if the Account has been accessed with Your Account credentials, regardless of whether or not such access has been authorized by You.

All information You provide to Futurus X at any time (including but not limited to the information provided upon the opening of the Account) must be accurate, current and complete and may not be misleading in any respect. Futurus X may, from time to time, request such information to be updated and/or supplemented, in which case You are obliged to provide Futurus X with the updated and/or supplemented information without delay. If You are not able or willing to update such information, Futurus X has the right to close Your Account and/or restrict You from accessing the Services.

If You qualify as a PEP, we reserve the right to forbid and block You from accessing our Services.

Wallet Service

We provide You a Wallet Service. Our Wallet Service will store the public keys, that are used for You to receive cryptocurrency deposits, and will be used to track ownership of the cryptocurrencies that You received and that You can send.

You must open an Account, as explained in section ‎3, and go through the verification process as explained in section ‎7, before You can start using the Wallet Service.

You can store in our Wallet the following cryptocurrencies: BTC,ETHE Your transaction history will be recorded in the respective public decentralized ledger of the cryptocurrency used.

You will be assigned a unique online wallet. We generate and store the private keys that are required to initiate cryptocurrency transactions.

Exchange Service

We provide You an Exchange Service. Together with the Wallet Service you can make withdrawals, submit deposits, and keep a track of your digital assets.

Our Exchange Service will allow You to trade cryptocurrencies, purchase cryptocurrencies via credit card services or bank transfer and sell cryptocurrencies.

After opening an Account and going through the verification process, you can access and interact with the order book. The order book will allow you to trade and exchange cryptocurrencies by placing orders manually. Our backend system sends the order to our liquidity provider and executes them immediately. Your cryptocurrency balance can be shown in the order book in either flat or cryptocurrency.

There will be no limits on trading volume for the order book participants.

We charge fees for the Exchange Services provided to you in the following manner:

  • Deposit fee and withdrawal fee correspond to 1% of the amount deposited or withdrawn if done via credit card.
  • If the deposit and withdrawal is done via wire transfer, there will be a fixed fee of 25 euros upon deposit and 35 euros upon withdrawal.

For avoidance of doubt, the deposit of cryptocurrencies in Your Wallet balance via fiat wire transfer will be calculated based on the amount deposited minus 25 euros. The withdrawal of cryptocurrencies from Your Wallet balance via fiat wire transfer will be calculated based on the amount withdrawn minus 35 euros.

Our fees do not include any third party (banking or credit cards) own processing fees.

Restrictions and Obligations

You agree that You will not do any of the following while using or accessing the Services:

  • Impersonate or misrepresent Your affiliation with any person or entity or otherwise commit fraud;
  • Reproduce, modify, adapt, prepare derivative works based on, perform, display, publish, distribute, transmit, broadcast, sell, license or otherwise exploit the Website;
  • Use the Website or Services in a commercial manner;
  • Circumvent, disable or otherwise interfere with security related features of the Website or Services, or features that prevent or restrict use or copying of any Content;
  • Interfere with or disrupt (or attempt to interfere with or disrupt) any web pages available on the Website, servers or networks connected to the Website, or the technical delivery systems of our providers or disobey any requirements, procedures, policies or regulations of networks connected to the Website;
  • Attempt to probe, scan or test the vulnerability of any our system or network or breach or impair or circumvent any security or authentication measures protecting the Website and Services;
  • Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Website and Services;
  • Attempt to scrape, parse, access, search or meta-search the Website with any engine, software, tool, agent, device or mechanism other than software and/or search agents provided by Futurus X or other generally available third-party web browsers;
  • Use the Website to send altered, deceptive or false source-identifying information;
  • Use the Website or Services in any manner not permitted by these Terms;
  • Encourage or instruct any other individuals to do any of the foregoing or to violate these Terms.

You will not assign these Terms or assign any rights or delegate any obligations hereunder, in whole or in part, whether voluntarily or by operation of law, without our prior written consent. Any purported assignment or delegation by You without our appropriate prior written consent will be null and void.

We may assign these Terms or any rights hereunder without Your consent.

KYC/AML obligation

In order to access the Wallet and Exchange services, You are required to go through our verification process.

Upon registration and creation of the Account, You will have to proceed with e-mail verification, and KYC verification. The verification process may be conducted in English, Italian or Spanish.

You must always provide proof of transfer when deposits cryptocurrency funds in your Wallet via wire transfer.

The KYC verification will require that You to upload the following documents via the Website:

  • A clear and colorful scanned copy of an identification document that can be the passport or the ID card.

  • A clear and colorful scanned copy of the proof of address. Such proof can be a copy of a utility bill (gas, water or telephone) or a certificate of residence for the last 3 months.

If, in a one-month period, You transact cryptocurrencies in a value equal or superior to the equivalent of 20 000 euros, You shall update your proof of address for the last 3 months.

If You deposit cryptocurrencies in the Wallet, via wire transfer or credit card, in an equivalent value to, at least, 10 000 euros, You will be required to provide proof of the source of funds.

When You use our Exchange and Wallet services for the exchange between fiat currencies and cryptocurrencies, You are required to provide bank account verification. Proof of bank account includes recent scanned copies of bank statement or a bank confirmation letter issued by your bank.

Under the AML rules, we commit to perform transaction monitoring. We reserve the right to further inquire You on the provenience of your funds and/or request additional documents.

Futurus X will not provide services to PEPs. We screen all our customers and do not allow PEPs to access our Services.

Geographical restrictions

We will not provide the Services to the citizens or residents of the following:

Countries/States that are located outside of Europe.

Intellectual property

Unless otherwise clearly stated, all copyright and other IP rights present in the Services or displayed in connection with the Services and on the Website, registered or not, are owned by or licensed to Futurus X. The foregoing also applies towards any software solutions or parts of it, programs and code present in the Service.

Subject to Your compliance with these Terms, we give You a personal, worldwide, royalty-free, non-assignable and non-exclusive license to access and use the Website and Services for Your own personal use. This license is for the sole purpose of enabling You to use and enjoy the benefits of the Website and Services in the manner permitted by these Terms.

The right to access our Services and our platform will automatically terminate upon the closing of the Account.

Any other use of the Website and Services that not the intended according to this Terms requires our prior written consent.

The Website and Services may be used and accessed for lawful purposes only. You agree to abide by all applicable local, state, national and foreign laws and regulations in connection with Your use of the Website and Services.

Liability and Warranty

You are liable for and shall be obligated to compensate to Futurus X any and all damages (including the loss of profits) which arise from Your activities.

Futurus X is liable for and shall be obliged to compensate to You only direct monetary damages and only on the condition that such damages are caused to You by Futurus X either intentionally or due to gross negligence.

In the event of your Account being closed, Futurus X shall assume no liability for any losses incurred from the fluctuation of the prices of the cryptocurrencies held in Your Wallet when converting those cryptocurrencies to a specified Fiat currency.

Futurus X assumes no liability for any damages caused by third parties or by circumstances outside the control of Futurus X (including but not limited to volatility of cryptocurrencies).

The Services are provided on an “as is” and “as available” basis without any warranty or representation expressed or implied. Futurus X does not make any representations or give warranties that the access to the Website or use of the Services will be continuous, uninterrupted, timely or error-free.

There is a risk associated with crypto exchanges of being hacked. We recommend you have in the exchange only the crypto amount necessary for your trade and exchange needs.

Termination of the Agreement. Closing the Account

You have a right to terminate these Terms at any time by ceasing to use the Services and/or by closing your Account. From the moment of closing the Account, You will not be entitled to use any of the Services.

Futurus X may terminate these Terms without giving any justification, by giving You an advance notice of at least 14 days and refunding You the market value of any assets You have in Your Wallet.

Futurus X may terminate these Terms with You at any time if:

  • You violate any provision of these Terms;
  • You become a PEP;
  • It is required by a competent authority;
  • It is required by applicable law.

In the event of Your Account being closed, Futurus X reserves the right to convert all the cryptocurrencies stored in Your Wallet to a specified Fiat currency as Futurus X deems fit and transfer the funds to a bank account indicated by You.

Modifications

Futurus X may revise these Terms from time to time. Therefore, the Terms may be changed or amended. Any changes or amendments will be published on the Website and sent to Your registered email to notify You about the updates of the Terms. A notice about changes will be posted on the Website’s homepage for a reasonable period of time prior to such changes coming into force.

The effective date which is at the top of the Terms informs You about the latest version of the Terms. We advise You to revisit this page from time to time to make sure You are familiar with the current version of the Terms.

By continuing to access and use the Website and/or Services after Futurus X has posted changes on the Website, or after notifying You by email, You agree to be bound by the updated Terms.

If You do not agree to any updated Terms, You must stop using the Website or the Services.

Taxes

It is Your sole responsibility to determine whether, and to what extent, any Taxes apply to any transactions You conduct using the Service, and to withhold, collect, report and remit the correct amounts of Taxes to the appropriate tax authorities. Your transaction history is available through the Website. The fees collected by Futurus X do not include any Taxes.

Applicable law. Jurisdiction

These Terms have been drawn up in accordance with the laws of the Republic of Estonia and the application, interpretation, and termination shall be governed by the laws of the Republic of Estonia.

Any disputes regarding the Services and/or in connection with these Terms shall be settled through negotiations. If the Parties fail to resolve the dispute through negotiation, the disputes shall be settled by Harju Maakohus (Harju County Court), pursuant to the procedure provided by the law of the Republic of Estonia.

Miscellaneous

If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from this agreement and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms and the invalid condition shall be replaced by a valid condition as close as possible to the outcome and the detail of the replaced condition.

These Terms are provided in English. Any translation has the sole purpose of being convenient for You. In case of any inconsistency, contradiction or doubt, the English version of these Terms shall prevail.

You can contact us if You have any questions, feedback or comments related to our Services, by sending an email to [email protected]

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