The terms of network service of BitcoinWorld are the rights and obligation specifications made by BitcoinWorld and its users based on the services of www.bitcoinworld.com. The operator of BitcoinWorld offers services in accordance of this agreement. As visiting and using this website, users accept all conditions and terms of the agreement,meanwhile using it as the accordance with the confirmation of the two parties' rights and obligations. Those who disagree with the agreement could not visit or use the website. This agree is not related to the legal relationship and legal dispute which appear during the bitcoin transactions between BitcoinWorld users and other users.
Ps: BitcoinWorld has the rights to revise this terms. Users have to regularly check this agreement.һ. Service Content
1.BitcoinWorld offers users with bitcoin transaction services by using its system through the Internet.
2.When offering the registration information, the users should agree with the following terms： （1）Users should submit legal, authentic and accurate personal data； （2）Users should renew their data any changes appearing. If the registration information are illegal or inaccurate, users must take the responsibilities to the relevant duties and results. At the same time, BitcoinWorld has the rights to stop the users using the services of BitcoinWorld.。
1.When users using every service of BitcoinWorld, they agree to accept every kind of service from BitcoinWorld. Users give BitcoinWorld the authority to send commercial informations to their accounts, emails or phone messages. Uses can enter the relevan t website to change their contact ways.
2.Bitcoin has the rights to revise or stop the service without informing users. BitcoinWorld is not responsible for using the rights of revising or stopping the service to users or third party with no direct relation.
3.Within the limit of law, BitcoinWorld is not responsible for any of the following situations: information network equipment maintenance, information network connecting fault, computer/communication or other systems 'failure, electricity failure, strike, labor dispute, riot, revolution, disturbance, lack of productivity capacity or productivity materials, fire, floods, explosions, storms, wars, government actions, the judicial administrative organs of the command, other force majeure or third party's dereliction of duty, which cause the service termination or service delay as well as the loss of users.
4.When users have any objection or dissatisfaction to this agreement revision, they can use their rights as followed: （1）Stop using the network service of BitcoinWorld. （2）Inform BitcoinWorld to stop the service on the user himself by contacting Customer Service. After stopping the service, users' rights of using BitcoinWorld's terms of network services. Under this situation, BitcoinWorld has no obligation to send any unsettled or unfinished service to users or third party with no direct relations.
1.The called BitcoinWorld users data is compliance with laws and related regulations, and the limit of following informations: （1）When registering BitcoinWorld, users offer personal data； （2）When users use the BitcoinWorld service, participating website activities or vising websites, BitcoinWorld automatically processes and records users' browser data, including but not in the limit of IP address, information of Website Cookie and uses's requirement for website records； （3）The users personal data is gained legally from commercial partners by BitcoinWorld； （4）Other users personal data is gained from legal ways.
2.BitcoinWorld's promisions Without legal effect or previous permission by users, BitcoinWorld will not reveal users' password, name, phone number, ID number and other private information.
3.Under the following legal situation, users personal information will be partially or entirely revealed: （1）Information is revealed to users themselves or third parties with users' permission； （2）According to the law and relevant regulations or administration demands, the information is revealed to government,adminstrative organs or other legislative third party； （3）Other reveal is made by BitcoinWorld according to the laws and regulations.
1.User name, password and security （1）User name cannot be repetedly registered. Once the registration is successful, the user name cannot be changed. （2）Once the registration succeeds, the BitcoinWorld users can get the username(user email) and password, as well as the responsibility for every activity and event after entering the system with the user name and password. Users should also bear the legal liability directly or indirectly caused by using that username publishing words and behaviors, etc. （3）Users have the obligation to keep BitcoinWorld account, username and password as well as message indentifying code and Google indentifying code. Users will be entirely responsible to the security of username, password and Google key. If any legal consequence is caused by the exposion of username, passcode or Google key because of the users themselves, users have to take all the responsibility. BitcoinWorld will take the duty if any loss of property caused by users themselves revealing the information. For BitcoinWorld is a transaction website, password and anti phishing password,etc can't be the same or there will be potential safety hazard and the users will take the relevant duty. （4）The lost password can be rebuilt by registrating Email. When users find any illegal use of username or other security holes, they should immediately inform BitcoinWorld. （5）BitcoinWorld will not ask any users for password, and let users recharge bitcoins to offerred accounts or bitcoin recharge address out of BitcoinWorld trade center. Users should not trust any fraud information which is not posted by BitcoinWorld official site. BitcoinWorld will not be responsible to the loss which is caused by users recharging bitcoins to the accounts or address which aren't offered by btc trade center.
2.Users have the rights to revise the information in the account personal center and the security setting center, voluntarily choose the introduction words and decide if offering the non-necessarily filled contents；
3.Users can look through the bitcoin information details and transactions information, and publish articles and visions in accordance with laws and rules of BitcoinWorld community；
4.Users can gain the bonuses(like poundage cash back by certain proportion) from BitcoinWorld；
5.Users can participate in every online and offline activity(activities organized by official platforms) organized by BitcoinWorld according to the published activity rules.
6.Users can check their BitcoinWorld accounts' information.
7.Users can operate and enjoy other kinds of offered services with the application of the provided functions based on the BitcoinWorld regulations.
1.Users mustn't use BitcoinWorld to jeopardize the national security, disclose national secrets, or destroy the national unity's and citizens' legal rights and interests, produce, copy and spread the following information: （1））That may instigate and destroy the implementation of Constitution and laws and administration regulation； （2）That may instigate the subversion of state power and overthrow the Socialist System； （3）That may divide the country and destroy the unity； （4）That stirs up hatred and discrimination among nationalities and destroys the unity of nationalities； （5）That is to spread rumors, disturb the social order and destroy the social stability； （6）That is to distribute obscenity, pornography, gambling, violence, murder, terror or to encourage crimes； （7）That insults, slanders others or carry on the malicious attack； （8）That jeopardizes the national honor and interests； （9）Others may disobey the implementation of Constitution and laws and administration regulation； （10）That may carry on the commercial advertising behavior.
2.Users mustn't register BitcoinWorld accounts with by any malicious means, including but not limited to register more than 1 account to make money, speculate and convert into cash. Users cannot embezzle others accounts neither.If users violate the regulations above, BitcoinWorld can directly take all of necessary measures, including but not limited to delete the content published by users, cancel the gained honor and virtual property on our website, stop or close down users accounts, cancel the profit gained by the rules violation and investigate and affix users' legal liability by the means of lawsuit.
3.Users are not allowed to regard BitcoinWorld as any ways to carry on illegal events. If users violate the regulations above, BitcoinWorld can directly take all of necessary measures, including but not limited to delete the content published by users, cancel the gained honor and virtual property on our website, stop or close down users accounts, cancel the profit gained by the rules violation and investigate and affix users' legal liability by lawsuit.
4.4.Users' publishing information with every kind of way on BitcoinWorld should be compliance with laws and regulations and relevant rules of the website and compliance with social public order as well as not violate the legal rights and interests of third party. Otherwise, the users must bear all the duties and BitcoinWorld has the right to recover the loss caused by the users' duties.
1.As a third party platform, a network services offeror, BitcoinWorld will not guarantee all the information and services of the website platform fully satisfying. BitcoinWorld will not be responsible for the possibility that users may meet the fault, insulted, defamatory, derelict, obscene,pornographic or profane events.
2.Based on the particularity of Internet, BitcoinWorld will not guarantee an always uninterrupted service, the timeliness and safety of the service as well as the duties which are not caused by BitcoinWorld.BitcoinWorld tries better to let users visit and use it with safety. But BitcoinWorld will not announce and guarantee that the website or the server is without virus or other potential harmful factors, users should use a widely recognized software to remove any viruses of downloaded files from BitcoinWorld.
3.BitcoinWorld will not be responsible for information's keeping, revision, delete or saving failure which is operated by users.BitcoinWorld has the right but no obligation to promote or revise the omission and false of any part of the website.
4.Unless BitcoinWorld expressly agrees on writing, BitcoinWorld will not guarantee the accuracy, integrality and reliability of any information including but not limited to advertisement gained by users from our website with any means (including but not limited to include, via, connection, or download). Users gain or buy any products, services information or files because of the contents of BitcoinWorld, which will not be the responsibility of BitcoinWorld. Users themselves bear all the risks when using our websites information and contents.
5.All the user comments post by users on BitcoinWorld only stand for the users themselves but not the agreement or confirmation of BitcoinWorld. BitcoinWorld will not bear any legal duty caused by user comments.
6.BitcoinWorld has the right to delete every kind of illegal information and keeps the right to not to inform the users.
7.BitcoinWorld will send all the announcement by means of the official page announcement, website message, Email, telephone, mobile phone message or regular letter to users.When users get the activities or information like winning prizes or discount which are not from proper channels like BitcoinWorld, BitcoinWorld will not take the responsibility.
8.BitcoinWorld has the rights to adjust the percentage of the fees like withdrawal, transaction and finance interest etc in the basis of the market condition and to decide the termination of free promotion period.
1.This agreement is an essential law file between OKCoin and the BitcoinWorld registrant using BitcoinWorld services. If any writing or oral expressions of BitcoinWorld or users differs from this agreement, the agreement should be taken as standard.
2.If any term of this agreement is called illegal, or invalid for any reason, the very term should be a division, which will not affect the law effect of other terms.
3.Every dispute, claims of rights, or other items caused by users using BitcoinWorld should be dominated by the Law of the People's Republic of China.
4.When users have controversy with BitcoinWorld, two parties should deal with the quarrel by negotiation based on the principle of faith. If the negotiation failed, the litigation should be carried on to the People's Court in the location of BitcoinWorld.
5.This agreement effects when users choose the terms of network services on the registration page of BitcoinWorld and finish the registration program, gaining the BitcoinWorld account and password and the agreement is binding upon both BitcoinWorld and Users.
offering a function of price lock by leveraged buyout and bitcoin hedging selling
1.Fiat and bitcoin hedging in BitcoinWorld are tools for user to lock price, through which user can quickly lock price during the trade in the case of loss caused by price fluctuation and thus ensure user's earnings and hedging risk.
2.Fiat and bitcoin hedging contain leveraged buyout and bitcoin hedging selling. These two types cannot be used simultaneously.
a.leveraged buyout: user borrows fiat currency through BitcoinWorld and it will buy bitcoin for user. User's account will get bitcoin and owe the platform fiat currency.
b.Bitcoin hedging selling: user borrows BTC from the platform, and it helps user to sell bitcoin. User's account get fiat currency and owe the platform bitcoin.
3.The payment for interest of fiat and bitcoin hedging is only bitcoin.
user can quickly lock price during the trade in the case of loss caused by price fluctuation and thus ensure earnings.
1.The maximum bitcoin amount that user can borrow depends on the net asset of user' account and system stock.
2.The maximum bitcoin amount that users can borrow is based on the fluctuation of current market price. The final maximum bitcoin amount borrowing is determined by the application limit of user's current account indicated by system.
3.The bitcoin amount that users apply for cannot be less than 0.1 BTC.
4.Currently the system acquiesces the user' leverage multiple is three. The leverage multiple is corresponding to different grades of user's. If market price has a severe fluctuation, BitcoinWorld has the right to adjust the leverage coefficient according to the current conditions and appropriately lower or increase the user's maximum bitcoin amount borrowing.
5.During the process of buying or selling, if bitcoin price appears fluctuation, and causes price differences between the original repayment or selling sum and estimated sum, the final price will be subject to the system.
6.The application for fiat and bitcoin hedging contract currently cannot exceed the number of 10.
7.System will give a priority to return debt if there are extra assets in user's account. For example, a user has an extra asset of 0.1 BTC, and at the moment the user applys for bitcoin hedging to sell 1 BTC. After system sells 1 BTC, it will deduct the 0.1 BTC in user's account as repayment, thus finally the user spends its own 0.1 BTC and borrow 0.9 BTC from the platform.
user can repay and end the contract by liquidation.
1.Each single contract can be returned by repeated liquidation. A contract can only fit a current liquidation application. Only when user finishes the liquidation can it opens another one.
2.The number of bitcoin cannot be less than 0.01 BTC when user applies for liquidation.
3.If user still has extra BTC or fiat after liquidation, he should give a priority to repay the same kind of business, currency and the first contract unfinished.
4.If user still has extra asset in account, the BitcoinWorld will use it to buy or sell BTC firstly.
5.During the process of fiat and bitcoin hedging, the interest will be counted when the system finishes bitcoin buying or selling. 24 hours to a day and less than 24 hours also to a day. The platform stipulates that daily handling charge is 0.1%. It will deduct all the interests once when user pay off debt of fiat and bitcoin hedging. Accumulative interests = user's sum of repayment * handling charge 0.1% * days.
Notice: the platform only accept BTC when user pays for interests.
BitcoinWorld provides users who apply for fiat and bitcoin margain with risk management service and has a supervision and risk management for user's account on BitcoinWorld
1.Fiat and bitcoin hedging: the time of validity of each contract is 30 days. The system will carries out the mandatory liquidation if user cannot pay off all the debt within 30 days.
2.BitcoinWorld will remind user the space risk by mail or message when the total asset is less than or equal to 120% of total debt in account (application limit for fiat and bitcoin hedging and accumulative interests). BitcoinWorld will not bear any responsibilities if user cannot receive the notice in the case of phone signal, message interception and junk mail processing.
3.BitcoinWorld will implement the mandatory liquidation to return the debt when the total asset is less than or equal to 110% of total debt in user's account (application limit for fiat and bitcoin hedging and accumulative interests). We have right to charge loss if user doesn’t have enough asset in account due to the severe volatility of price.
4.After the mandatory liquidation, if user is unable to pay off the debt with its account asset and appears to be abnormal, user can recover it through recharge as well as fiat and bitcoin hedging。
1.Once when user uses fiat and bitcoin hedging operation, which means user has read and agreed the usage agreement on fiat and bitcoin margain operation
2.BitcoinWorld will not bear any responsibilities for user's direct or indirect loss when using the fiat and bitcoin hedging operation.
3.This agreement, made by BitcoinWorld, will go into effect after announcing to the all platforms, which also applies to when there is a modification.
4.BitcoinWorld reserves all the right for the final explanation about this agreement.
1.The maximum bitcoin amount that user can borrow is based on the fluctuation of current market price. The final maximum bitcoin amount borrowing is determined by the application limit of user's current account indicated by system.
2.the interest will be counted by BitcoinWorld when the system finishes the bitcoin buying or selling( only charge BTC). The system will count the handling charge before user pays off the debt.The interests will be deducted in a lump sum when user pay off .
3.BitcoinWorld will remind user the space risk by mail or message when the total asset is less than or equal to 120% of total debt in account (application limit for fiat and bitcoin hedging and accumulative interests). BitcoinWorld will not bear any responsibilities if user cannot receive the notice in the case of phone signal, message interception and junk mail processing.
4.BitcoinWorld will implement the mandatory liquidation to return the debt when the total asset is less than or equal to 110% of total debt in account (application limit for fiat and bitcoin hedging and accumulative interests). We have right to charge loss if user doesn't have enough asset in account due to the severe volatility of price.
5.User should pay attention to investment risk and adjust space holding proportion in order to avoid risk. User should bear all losses caused by the mandatory liquidation triggered by user's account.