When you click the "I have read and agree" button in the "CoinBene Contract Insurance Product Agreement” (hereinafter referred to as "this Agreement"), you shall be deemed to have agreed to and abide by all the terms of this service agreement, including any modifications made by the platform to this agreement from time to time. Therefore, please read the following Contract Insurance terms of service rules carefully.
Please note that the regulatory requirements that we are exempted from when dealing with you as an Accredited Investor:
1. The investor has reached the age of 18 years; has complete rights and behavioral capabilities; has sufficient knowledge and experience to understand the nature and risks of financial products and concepts.
2. You are the legal owner of the funds in CoinBene account and ensure the legality of the source of funds or digital assets, and may not use the platform to operate illegal acts.
3. Any cryptocurrency withdrawal address you provide is belongs you, and you have full control over the address.
You should cautiously judge the authenticity, legality and validity of virtual currencies such as Bitcoin and other virtual currencies and/or information, and bear the responsibilities and losses arising therefrom. Unless expressly required by laws and regulations, the platform is not obligated to review all users' information and data, Bitcoin and other virtual currency information, transaction behaviors, and other matters related to transactions in advance.
Disputes and legal obligations
When a transaction dispute occurs during your transaction using contract insurance services on the platform, once you request a settlement, the platform has the right to make a decision in accordance with the contract insurance service terms. You understand and agree to accept the platform's judgment and decision on user transaction disputes.
You understand and agree that the platform has the right to provide necessary information such as user information and transaction records you provide to the platform at the request of government departments (including judicial and administrative departments). If you are suspected of infringing on the legal rights and interests of others such as intellectual property rights, the platform has the right to provide you with the necessary identity information to the right holder, supervision or legal department under the preliminary judgment that the suspected infringement or illegal activity exists.
1. Investors know and agree that the platform will not be liable for any damages caused by any of the following circumstances, including but not limited to damages for loss of profits, loss of business reputation, loss of use, data, etc. or other intangible losses (whether we have Inform the possibility of such damage compensation):
- The platform has reasonable reasons to believe that there may be major violations of laws or breaches of contract by specific members and specific transactions;
- The platform has reasonable reasons to believe that the user's behavior on the platform is suspected of being illegal or inappropriate;
- Expenses and losses arising from the purchase or acquisition of any data, information or transactions through platform services or alternatives;
- Misunderstanding of the "Contract Insurance " provided by the platform;
- Accepts risk of possible losses or lost profit that may occur due to participation of "Contract Insurance "
- Any other damages are caused by unrelated causes of "Contract Insurance "in accordance with relevant "Contract Insurance "services.
2. This platform does not provide any form of investment advice, nor does it imply the provision of such information and/or functions in any form. You should research on your own before making an investment decision. You should independently determine whether your investment, strategy, or any other products and services meet your own needs based on your own investment objectives and personal and financial conditions.
3. If you use the contract insurance function to manually close a position and incur insurance claims that do not comply with the regulations, you should assume full responsibility independently.
4.The platform reserves the right of final interpretation within the scope of the law.