1. Parties to the agreement.

The Agreement is concluded between the online service for the exchange of digital currency, hereinafter referred to as the Company – for one part, and the Customer, represented by a person who used the services of the Company, – for the other part.

   2. List of terms.

2.1. Digital Currency Exchange – automated product of the online service, which is provided by the Company under these rules.

2.2. Customer – a natural person, agreeing to the terms of the Company and this agreement that it enters into.

2.3. Digital currency – a standard unit of a particular payment systеm, which corresponds to the calculations of electronic systems and indicates the scope of rights corresponding to a specific agreement on electronic payment systеm and its Customer.

2.4. Application – information transmitted by the Customer for use of the Company’s funds in electronic form and indicating that he accepts the terms of use of the service offered by the Company herein.

    3. Terms and conditions of the agreement.

These rules are considered to be subject to the conditions of the public offer, which enters into force at the time of submission of an application by the Customer and is one of the main components of this agreement. The information about the conditions of application submission specified by the Company is a Public offer. The main part of a public offer is actions made in the completion of the application submission by the Customer showing his exact intentions to make a transaction on the terms proposed by the Company before the end of this application. The time, date, and parameters of the application are created automatically by the Company by the end of the application submission. The proposal should be accepted by the Customer within 24 hours before the end of the formation of the application. Service agreement comes into force from the moment of receipt of digital currency in the full amount specified in the application, from the Customer according to the details set forth by the Company. Transactions with digital currency are accounted for according to the rules, regulations, and format of electronic payment systems/ The agreement is valid for a period wet from the date of application and continued until terminated by either party.

   4. Matter of the agreement.

Using technical methods, the Company undertakes to perform digital currency exchange for a commission from the Customer, after the applying by this person and makes it through the sale of digital currency to persons wishing to purchase it for the money amount which is not lower than that in the application submitted by the Customer. The Company undertakes to transfer money according to the details specified by the Customer. In case when a profit occurs at the time of exchange, it remains on the account of the Company, as an additional benefit and a premium for commission services.

   5. Additional provisions.

5.1. If the Company receives an amount on its account that differs from that indicated in the application, the Company makes a resettlement, which corresponds to the actual receipt of digital currency. Should this amount exceed the amount specified in the application for more than 10%, the Company terminates the contract unilaterally and all funds are returned to the Customer’s details, taking into account the amount deducted for commission expenses during the transfer.

5.2. Should the digital currency not be sent by the Company to the specified details of the Customer within 24 hours, the Customer has the full right to demand the termination of the agreement and cancel the application, thereby making the return of digital currency on its account in full. The Company performs an application for termination of the agreement and return of digital currency if the money has not yet been transferred according to the details of the Customer. In case of terminating the agreement, the return of e-currencies is made within 24 hours of receipt of the application for termination of the agreement. If a delay in the return occurred through no fault of the Company, it would not take responsibility for it.

5.3. If no digital currency arrives from the Customer to the Company within the specified period from the date of application by the Customer, the agreement between the parties shall be terminated by the Company unilaterally since the agreement does not enter into force. There may be no notice about it sent to the Customer. Shall no digital currency arrive at the details of the Company after the deadline, then such funds are transferred back to the account of the Customer, and all commission expenses associated with the transfer are deducted from that amount.

5.4. If there is a delay in the transfer of funds to the account details specified by the Customer, through a fault of a payment system, the Company shall not be liable for any damage caused as a result

5.5. In case of forgery of communication flows, or due to influence to degrade the performance of the Company, namely its software code, the application is suspended, and the money transferred is subject to resettlement by the agreement in effect. Shall the Customer not agree to the resettlement, he has every right to terminate the agreement and the digital currency shall be transferred to the account details specified by the Customer.

5.6. In the case of using the services of the Company, the Customer fully agrees that the Company shall bear a limited liability corresponding to these rules for obtaining digital currency and give no additional guarantees to the Customer, and shall have no other liability before the Customer. Accordingly, the Customer shall not bear an additional liability to the Company.

5.7. The Customer agrees to comply with applicable laws and not to tamper with any communication flows as well as create any obstacles to the normal operation of the program code of the Company.

5.8. The Company shall not be liable for any damage or consequences of an erroneous transfer of e-currency if the Customer has specified wrong details during application submission.

   6. Warranty period

Within 24 hours of the execution of the digital currency exchange, the Company warrants for services provided, unless otherwise noted.

    7. Contingencies.

In the case where unforeseen circumstances contribute to non-compliance with terms of the agreement by the Company during the processing of the Customer’s application, the timing of application accomplishment is delayed for the corresponding period of the duration of the force majeure. The Company is not responsible for overdue obligations.

     8. Form of agreement.

Both parties, represented by the Company and the Customer, shall take this agreement as an agreement equivalent to the validity of the contract designated in writing.

     9. Usage of cards from England, Germany, and the United States.

For cardholders from England, Germany, and the United States, the arrangements for the transfer of digital currency are extended for an indefinite period, corresponding to the period required for full verification of cardholder data. For the whole period, the money is not subject to any transactions and is retained in full in the account of the Company.

     10. Claims and disputes.

Claims under this agreement are received by the Company in the form of e-mail where the Customer specifies the essence of the claim. This mail is sent to the details specified on the site of the Company.

     11. Exchange transactions performance.

11.1. It is expressly prohibited to use the services of the Company to carry out illegal transfers and fraud. After this agreement, the Customer agrees to comply with these requirements and to be criminally liable in the case of fraud under the laws in force.

11.2. In case of inability to fulfill orders automatically, through no fault of the Company, such as lack of communication, lack of funds, or erroneous data of the Customer, the money is transferred to the account within the next 24 hours or returned to the account details of the Customer, net commission expense.

11.3. On demand the Company is entitled to release information on the transfer of electronic currency to law enforcement bodies, administration of payment systems, as well as to victims of misconduct, and victims of proven judicial fraud.

11.4. The Customer agrees to submit all the documents proving his identity, in case of suspicion of fraud and money laundering.

11.5. The Customer agrees not to interfere with the work of the Company and not to cause damage to its hardware and software, as well as the Customer undertakes to provide accurate information to ensure compliance with all terms of the agreement by the Company.

     12. Liability disclaimer.

The Company shall have the right to refuse to sign the agreement and accomplish the application without explanation. This paragraph shall apply to any client.

  12.1 Return Policy.

12.1.1. The Company may refuse to provide exchange services and make a refund if:

12.1.2. The purpose of payment transactions and the source of funds used for payment transactions is limited or prohibited by the current anti-money laundering policy, site rules, the law of the country of our registration, the law of the client’s country, and other regulations.

12.1.3. The funds were sent under a different name that does not correspond to the name of the Customer.

12.1.4. The payment was made from a third party.

12.2. The Company has the right not to provide services if the customer refuses to provide the required documents to confirm the identity of the Client or if the identity of the Client has not yet been confirmed.

12.3. The Company is obliged to make a return of the funds paid by the customer, for the same details from which the funds were received, if it is not possible to execute the application within the deadline by 5.2. Except for cases from clause 7.

12.4. The customer has the right to request a refund of the funds paid by him before the execution of the application and the transfer of funds by the Company to the details specified by him. Refunds are made within 24 hours in full, excluding the costs of the refund procedure (payment system commission), if there is an appropriate amount on the Company’s balance. In the absence of the necessary funds, the return period may be extended.

12.5. The customer cannot request a refund for an already executed application.

    13. Taxation

It is your responsibility to determine which, if any, taxes apply to the payments you make or receive. It is your responsibility to collect, report and submit the correct tax to the appropriate tax authority. We are not responsible for determining which taxes apply to your Transaction, or for collecting, reporting, and transferring any taxes due on any Transaction. You hereby agree to comply with all applicable tax laws in connection with your use of YTadawul Exchanger services, including, without limitation, reporting and payment of any taxes arising in connection with Transactions performed through YTadawul Exchanger .

   14.  Account blocking

We reserve the right to restrict access to the site or refuse service for the following reasons:

1. Violation of any of the terms of this Agreement
2. Submitting inaccurate documents for verification
3. Visiting our website using an anonymous agent or VPN
4. Using funds obtained illegally
5. Opening several accounts for one person
6. Complaining about our service to operators of payment systems without first contacting us without contacting us in advance
7. Spam
8. Disclaimer.

The Company has the right to refuse to conclude a contract and fulfill the application, and without explaining the reasons (based on the rules of the service). This clause applies to any client.