Biconomy Terms of Service
1. Overview
Biconomy Technology Holdings Limited (“Biconomy” or “we”) operates the Biconomy platform (“Platform”) and provides related services to users (“you” or “User”). These Terms of Service (“Terms”) constitute a legally binding agreement between you and Biconomy, governing your access to and use of the Platform.
Please read these Terms carefully before using Biconomy’s services. By accessing the Platform or using our services, you acknowledge that you have read and irrevocably agreed to these Terms. Biconomy may modify these Terms at any time without prior notice.
2. Risk Disclosure
Digital asset trading involves significant risks and may not be suitable for all investors. Prices may fluctuate drastically due to market volatility, regulatory changes, and other factors, potentially leading to the loss of your entire investment. In some jurisdictions, digital asset trading may be unregulated or subject to limited oversight. It is your responsibility to ensure that your trading activities comply with applicable laws and regulations. Biconomy does not provide investment advice, and you should make decisions based on your financial situation and risk tolerance.
3. Account Registration and Usage
3.1 Account Registration
•You must be at least 18 years old and possess full legal capacity.
•Individual users may only register one account and must not operate accounts on behalf of third parties.
•Corporate accounts require relevant verification documents and an authorized representative for management.
•KYC (Know Your Customer) verification is required; otherwise, certain account functions may be restricted.
3.2 Account Security
•You are responsible for safeguarding your account credentials, including passwords, API keys, and Google Authenticator codes.
•If you suspect unauthorized access or suspicious activity, you must notify Biconomy immediately.
•Biconomy is not responsible for losses caused by your negligence, such as sharing account credentials or falling victim to phishing attacks.
3.3 Account Restrictions and Termination
Biconomy may restrict, suspend, or terminate your account under the following circumstances:
•Violation of applicable laws, regulations, or these Terms.
•Involvement in fraudulent, money laundering, or terrorism financing activities.
•Prolonged account inactivity with a zero balance.
•Other reasons deemed necessary by Biconomy.
4. Trading Rules
4.1 Trade Execution
•Biconomy offers multiple trading options, including spot and derivatives trading.
•Once a trade order is submitted, it cannot be canceled or modified except in exceptional cases.
•Delays or trade failures may occur due to market liquidity, network congestion, or other factors.
4.2 Fees and Taxes
•Biconomy charges transaction fees as outlined in the fee schedule.
•If your account balance is insufficient to cover fees, Biconomy may reject transactions.
•Users are responsible for tax compliance and reporting in their jurisdictions.
5. Risk Management
•Biconomy may adjust trading rules, margin requirements, or other risk control measures to maintain market stability.
•In extreme market conditions, Biconomy reserves the right to suspend trading, adjust pricing mechanisms, or take other necessary actions.
•Users should fully understand market risks and manage their positions responsibly.
6. Asset Management
6.1 Deposits and Withdrawals
•Biconomy supports digital asset deposits and withdrawals.
•Since blockchain transactions are irreversible, you must ensure the accuracy of wallet addresses.
•Certain withdrawals may be delayed or restricted due to compliance requirements or market conditions.
6.2 Forks and Airdrops
•Biconomy does not guarantee support for all blockchain forks or airdrops.
•If Biconomy chooses to support a fork or airdrop, asset distribution will follow official platform announcements.
7. Prohibited Activities
Users must not:
•Engage in fraudulent activities, market manipulation, or other illegal trading behaviors.
•Use automated programs or bots for bulk trading (except for API trading).
•Violate applicable laws, including but not limited to money laundering and terrorism financing.
•Conduct activities that may harm the interests of Biconomy or its users.
8. Liability Limitation
•Biconomy is not responsible for losses resulting from market fluctuations, regulatory changes, or network failures.
•Biconomy does not assume liability for the accuracy or security of third-party services or external websites.
•To the fullest extent permitted by law, Biconomy’s total liability shall not exceed the cumulative fees paid by the user for Biconomy’s services.
9. Service Changes and Termination
•Biconomy may modify or terminate some or all services as necessary, and users may be notified in advance.
•Biconomy is not liable for service interruptions caused by force majeure events such as regulatory changes or technical failures.
10. Dispute Resolution
•These Terms are governed by applicable laws, and disputes should be resolved through negotiation.
•If negotiation fails, disputes shall be submitted to an arbitration institution in Biconomy’s jurisdiction.
11. Miscellaneous
•These Terms constitute the entire agreement between you and Biconomy, superseding any prior agreements.
•If any provision of these Terms is deemed invalid, the remaining provisions shall remain in effect.
•Biconomy reserves the right to update these Terms, and the latest version will be published on the Platform.
By using Biconomy’s services, you confirm that you have fully understood and agreed to these Terms of Service.