Bittrex Review – One Critical Issue You Need to Know About
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If you do not agree to any modification to these Terms, you must stop using the Services. Bittrex encourages you to frequently review the Terms to ensure you understand the terms and conditions that apply to your access to, and use of, the Services.
If you have any question regarding the use of the Site or Services, please contact our Support Team by filing a support request at https: The Services are intended solely for users who are 18 or older and who satisfy the criteria described in these Terms. You represent and warrant that you: You may not use the Services if you are located in, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the United States or where your use of the Services would be illegal or otherwise violate any applicable law.
You represent and warrant that you are not a citizen or resident of any such jurisdiction and that you will not use any Services while located in any such jurisdiction. You also may not use the Services if you are located in, or a citizen or resident of, any other jurisdiction where Bittrex has determined, at its discretion, to prohibit use of the Services. Bittrex may implement controls to restrict access to the Services from any jurisdiction prohibited pursuant to this Section 2.
You will comply with this Section 2. If Bittrex has approved your account for trading on behalf of an Enterprise User, you will use the Services and your Bittrex Account solely for the account of the specified Enterprise User.
If you use any Services on behalf of any Enterprise User, you agree to these Terms on behalf of yourself and any such Enterprise User, and you represent and warrant that you have the authority to bind the Enterprise User to these Terms and that both you and the Enterprise User will be jointly and severally liable under these Terms for bittrex scam site violation of these Bittrex scam site or any other act or omission by the Enterprise User or by you.
Bittrex scam site create or maintain your Bittrex Account, or enable functions on your Bittrex Account, bittrex scam site will be required to provide Bittrex with certain information and documentation, including, as applicable, the information and documentation associated with identity verification and other screening procedures described in Section 3. Bittrex may offer optional enhanced security features for your Bittrex Account including, for example, two-factor authentication. Bittrex encourages, but may not require, you to use any such enhanced security features.
If you do enable enhanced security features, it is your responsibility to ensure the security of, and your continuous control over, any device or account that may be associated with the enhanced security features. These verification and screening procedures may include, without limitation, checking the information you provide against the Specially Designated Nationals and Blocked Persons list maintained by the U.
Office of Foreign Assets Control, the U. Department of Commerce Denied Persons list, and any similar list issued by any U. You may be required to provide Bittrex with certain personal information, including, but not limited to, your name, address, telephone number, email address, date of birth, taxpayer identification number, government identification number, photograph of your government-issued ID or other photographic proof of your identity, and information regarding your bank account.
You further authorize any and all third parties to which such inquiries or requests may be directed to fully respond bittrex scam site such inquiries or requests. Bittrex will have no liability or responsibility for any permanent or temporary inability to access or use any Services, including your inability to withdraw Tokens bittrex scam site execute Trades, as a result of any identity verification or other screening procedures.
You will be bound by, and hereby authorize Bittrex to accept and rely on, any bittrex scam site, instructions, orders, authorizations and any other actions made, provided or taken by anyone who has accessed or used your Bittrex Account regardless of whether the access is authorized or unauthorized. Upon receipt bittrex scam site written notice bittrex scam site you that the security of your account has been compromised, Bittrex will take reasonable steps to protect your account, including, for example, to cease to allow actions initiated using any compromised account passwords.
But, the first sentence of this section will continue to apply to any other account password, and any substitute password issued to replace the compromised account password. Bittrex may, in its sole discretion, limit the number of Bittrex Accounts that you may hold, maintain, or acquire.
The risks described in this Section 4 may result in loss of Tokens, decrease in or loss of all value for Tokens, inability to access or transfer Tokens, inability to trade Tokens, inability to receive financial benefits bittrex scam site to other Token holders, and other financial losses to you.
You hereby bittrex scam site, and agree that Bittrex will have no responsibility or liability for, such risks. You hereby irrevocably waive, release and discharge any and all claims, whether known or unknown to you, against Bittrex, its Affiliates and their respective shareholders, members, directors, bittrex scam site, employees, agents and representatives related bittrex scam site any of the risks set forth herein. You represent and warrant that you have: You accept the risk of trading Tokens by using the Services, and are responsible for conducting your own independent analysis of the risks specific to the Tokens and the Services.
You should not acquire or trade any Tokens unless you have sufficient financial resources and can afford to lose all value of the Bittrex scam site. Bittrex does not provide trading advice, does not have any fiduciary duty to you or any other user and does not make any warranty about the suitability of any Token for trading or ownership by you.
In order to engage in a Trade as defined below you must first transfer Tokens that are supported by the Services to your Bittrex Account. You may periodically at your discretion transfer from an Approved External Account to your Hosted Wallet any Tokens that are supported for transfer and storage using the Services. If you transfer to your Hosted Wallet any Tokens that are not supported by the Services, such Tokens may be permanently lost.
You are required to retain in your Hosted Wallet a sufficient quantity of Tokens necessary to satisfy any open orders and applicable Bittrex fees. In addition, there may be limits on the amounts that you are able to withdraw on a daily or other periodic basis.
Bittrex may bittrex scam site you to verify that any External Address to which you seek to transfer Tokens is associated with an Approved External Account. You hereby authorize Bittrex to use your Hosted Wallet to send to any External Address specified by you using the Services, the number of Tokens specified by you using the Services.
Bittrex is not able to reverse any transfers and will not have any responsibility or liability if you have instructed Bittrex to send Tokens to an address that is incorrect, improperly formatted, erroneous or intended for a different type of Token.
You will be responsible for: In the event you fail to comply with any requirements of this Section 6. The timing for completing any transfer will depend on third party actions that are outside the control of Bittrex and Bittrex makes no guarantee regarding the amount of time it may take to complete any transfer.
When you enter an Order you authorize Bittrex to execute a Trade on a spot basis for all or a portion of the number of Tokens specified in your Order in accordance with such Order. You agree to pay Bittrex any applicable fees for Trades and authorize Bittrex to deduct any such fees from your Hosted Wallet. Bittrex is not bittrex scam site broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any Trades or other decisions or activities effected by you using the Services.
No communication or information provided to you by Bittrex is intended as, or shall be considered or construed as, advice. Please refer to Section 4 for a summary of some of the risks you should consider when choosing whether to use our Services. Your Order will be placed upon confirmation of the Order summary via the Services.
Notwithstanding the foregoing, you agree that the failure of the Services to provide such Order summary or confirmation shall not prejudice or invalidate any Order submitted by you or any Trade completed based on such Order. If all or a portion of your Order is matched with another user, the Services will execute a Trade. Upon execution of a Trade, your Bittrex Account will be updated to reflect that the Order has either been closed due to having been fully executed, or updated to reflect any partial fulfillment of the Order.
For purposes of effectuating a Trade, you authorize Bittrex to take temporary control of the Tokens that you are disposing of in the Trade. You may only cancel an order initiated via bittrex scam site Services if such cancellation occurs before your Order has been matched with an Order from another user.
Once your Order has been matched with an Order from another user, you may not change, bittrex scam site, or cancel your authorization for Bittrex to complete such Order. If any order bittrex scam site been partially matched, you may cancel the unmatched portion of the Order unless and until the unmatched portion has been matched. Bittrex reserves the right to refuse any cancellation request associated with a market Order after you have submitted such Order. If you have an insufficient amount of Tokens in your Hosted Wallet to fulfill an Order, Bittrex may cancel the entire Order or may fulfill a partial Order that can be covered by the Tokens in your Hosted Bittrex scam site after deducting any fees payable to Bittrex in connection with the Trade.
Bittrex may, bittrex scam site any time and in its sole discretion, refuse any transfer request, Order or bittrex scam site transaction request submitted via the Services, impose limits on the amounts of transfers or Trades that can be completed on a daily or other periodic basis or impose any other conditions or restrictions upon your use bittrex scam site the Services, without prior notice.
For example, Bittrex may: You must provide any information required by any screen displayed within the Services. You represent and warrant that all information you provide via the Services is accurate and complete. Bittrex retains the right, in its sole discretion, to determine whether to support transfer, storage or trading of any Token bittrex scam site the Services, and may discontinue or terminate any support for any Token at any time for any or no reason.
Unless otherwise required by law or law enforcement, Bittrex will make reasonable efforts to notify you of its decision to cease to support of a Token. If Bittrex ceases to support transfer or storage of a particular Token using the Services, Bittrex will use commercially reasonable efforts to notify you at least 14 days prior so as to afford you with an opportunity to transfer the affected Token from your Hosted Wallet to an External Address.
If you do not bittrex scam site the affected Token out of your Hosted Wallet prior to cessation of support for the Token by Bittrex, the Token may be lost due to your inability to access, transfer or bittrex scam site control the Token. Bittrex will not be liable to you bittrex scam site any losses, liability or expenses related to its decision to cease any support for any Token.
Unless Bittrex bittrex scam site you or makes a public statement to the contrary, Bittrex does not support Derivative Protocols and you should not use your Bittrex Account to attempt to transfer, store, trade or engage in any other type of transaction involving a Derivative Protocol.
Bittrex will have no responsibility or liability whatsoever in respect to any Derivative Protocol. You are responsible for complying with all applicable laws related to your trading activities and other use of the Services, including without limitation any reporting obligations and payment of all applicable taxes. You will determine what, if any, taxes apply to the Trades and any other transactions you complete via the Services, and it is your responsibility to report and remit the correct tax to the appropriate tax bittrex scam site.
Bittrex is not responsible for determining whether taxes apply to your Trades or for collecting, reporting, withholding, or bittrex scam site any taxes arising from any Trades. Bittrex may, at its option and discretion, attempt to correct, reverse or cancel any Order, Trade or transfer with respect to which Bittrex has discovered that there was an error, whether such error was by you, Bittrex or a third party.
You hereby authorize Bittrex bittrex scam site attempt any such correction, reversal or cancellation described in bittrex scam site preceding sentence. Bittrex provides no guarantee or warranty that any such attempt will be successful and will have no responsibility or liability for the error or any correction attempt. If your Bittrex Account has been inactive and you have not responded to reasonable attempts by Bittrex to contact you for a period of several years as defined by the relevant state statutesBittrex may have an obligation to report any Tokens in your Hosted Wallet to the applicable governmental entity as unclaimed property.
If this happens, Bittrex will attempt to contact you using the contact information provided by you. If you bittrex scam site not respond, Bittrex may be obligated to turn over any Tokens in your Hosted Wallet to the applicable governmental entity after deducting any fees payable to Bittrex. If Bittrex receives notice that any Tokens held in your Hosted Wallet are bittrex scam site to have been stolen or otherwise are not lawfully possessed by you, Bittrex may, but has no obligation to, place an administrative hold on the affected Tokens or your Hosted Wallet.
If Bittrex does place an administrative hold on some or all of your Tokens, Bittrex may continue bittrex scam site hold until such time as the dispute has been resolved and evidence of the resolution acceptable to Bittrex bittrex scam site been provided to Bittrex in a form acceptable to Bittrex.
Bittrex will not involve itself in any such dispute or the resolution of the dispute. You agree that Bittrex will have no liability or responsibility for any such hold, or for your inability to withdraw Tokens or execute Trades during the period of any such hold. You are responsible for doing all things and taking all actions necessary to enable or receive financial or other benefits made available to Token holders.
Bittrex has no responsibility to enable, facilitate or help with claiming or receiving any such Tokens or other benefits. For more information, please see our FAQ posted here. The updated Fee Schedule will apply prospectively to any Trades or other bittrex scam site that take place following the effective date of such updated Fee Schedule. You authorize Bittrex to remove Tokens from your Hosted Wallet for any applicable fees owed by you under these Terms.
Bittrex bittrex scam site, at its discretion and without liability to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, all or any portion of any Services. Bittrex may, at its discretion and without liability to you, with or without prior notice and at any time, temporarily suspend or permanently terminate your access to all or a portion of any Services.
Bittrex will not be liable for any losses suffered by you resulting from any modification of any Services or from any suspension or termination of your access to all or a portion of any Services whether pursuant to this Section 10 or for any other reason. If and when Services resume, you acknowledge that Token valuations and exchange rates may differ significantly from the valuations bittrex scam site rates prior to such event. In the event of discontinuation of all Services or other termination of your right to access all Services: In the event of discontinuation or termination of all Services or discontinuation or termination of transfer or storage Services for all or some Tokens, Bittrex will use commercially reasonable efforts, unless prohibited in order to comply with applicable laws or regulations or by order of law enforcement or other governmental authority, to provide you with a period of 90 days to remove the affected Tokens from your Hosted Wallet.
The terms of Sections 2. Your carrier's normal, messaging, data, and other rates and fees may apply to any mobile Communications. You should maintain copies of electronic Communications by printing a paper copy or saving an electronic copy. In order to access and retain electronic Communications, you will need a computer bittrex scam site an Internet connection that has a current web browser with cookies enabled and bit encryption.
Bittrex scam site will also need to have a valid email address on file with Bittrex and have sufficient storage space to save past Communications or an installed printer to print them.