Terms Of Use

TERMS OF USE

By accessing or using the Bithumb Singapore website and Bithumb Singapore website related things respectively (the “Site”) and any services made available through the Site (collectively, the “Services”), you (“User” and collectively with others using the platform “Users”) agree to be bound by these Terms of Use (“Terms”). The Services are owned and controlled by RDMCHAIN PTE. LTD. (“Bithumb Singapore”), and the terms “we,” “us,” and “our” refer to RDMCHAIN PTE. LTD. These Terms affect your legal rights and obligations. If you do not agree to be bound by these Terms, do not access or use the Services.

Bithumb Singapore reserves the right to change or modify the terms and conditions contained in these Terms, including but not limited to any policy or guideline of the Site, at any time and at its sole discretion. We will provide notice of these changes by posting the revised Terms to the Site and changing the "Last Revised" date at the bottom of the Terms, or by emailing Users at their provided email addresses, or by anyother means as determined by Bithumb Singapore. Method of notification will be left to Bithumb Singapore"s sole discretion. Using a particular form of notice in some instances does not obligate us to use the same form in other instances. Any changes or modifications will be effective immediately upon posting therevisions to the Site or at the instant that Bithumb Singapore transmits the informationto the Users (e.g. via email). These changes will apply at that instant to all then current and subsequent uses of the Site. Since you waive any right, you may have to receive specific notice of such changes or modifications. Your continued use of this Site acts as acceptance of such changes or modifications. If you do not agree to the Terms in effect when you access or use the Site, you must stop using the Site.

PREAMBLE

Bithumb Singapore provides an online service (the “Platform”) that allows Users to exchange between themselves different blockchain cryptocurrencies, which are some data type that typically represents transaction, access, or other participation rights on corresponding blockchain networks.

Note that this Terms of Use uses the term (the ""Cryptocurrency"") to refer to bitcoin, ethereum, cryptocurrencies, virtual currencies, digital assets, or tokens that are available for purchase, sell, and exchange through Bithumb Singapore.

1. ELIGIBILITY

1. ELIGIBILITY

This Platform is neither intended for a citizen nor a current resident of:

  1. a) the United States; or
  2. b) the countries sponsoring terrorism or terror-related activities.
    • By accessing or using the Site, you represent and warrant that you are an adult eighteen (18) years of age and older, and have not previously been suspended or removed from the Site.

You also represent and warrant that you are not a citizen or a current resident of the United States or the countries sponsoring terrorism or terror-related activities as aforementioned.

You also represent and warrant that you will not be using this Site for any illegal activity, including but not limited to illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data or the financing of terrorism, or other violent activities.

Notwithstanding the foregoing, Bithumb Singapore may not make the Service, in whole or in part, available in every market, either in its sole discretion or due to legal or regulatory requirements, depending on the User"s location.

2. ACCOUNT AND INITIAL FUNDING; THIRDPARTY TRANSFERS

To access and use the Services, you must create an account with Bithumb Singapore (an “Account”) but make sure that creating an account is limited to only one based on your phone number.

You agree to:

  1. 1) offer accurate, current and complete information when creating the Account;
  2. 2) maintain and promptly update your Account information to keep it accurate, complete, and current;
  3. 3) maintain the security and confidentiality of your login credentials and restrict access to your Account and your computer, tablet, or mobile device;
  4. 4) immediately notify Bithumb Singapore if you find out or otherwise suspect any security breaches regarding the Site or your Account; and
  5. 5) take responsibility for all activities that take place under your Account and accept all risks of unauthorized access.

You must provide Bithumb Singapore with a valid email address to create an Account. You agree to keep your email address on file with us updated. You may withdraw your consent to get emails by sending a withdrawal notice to Bithumb Singapore, understanding that Bithumb Singapore may suspend or terminate your ability to use the Services. You understand and agree that if Bithumb Singapore sends you an electronic communication but you do not receive it because your email address on file is incorrect or out of date, or because our email is blocked by your service provider or intercepted by your spam filter, or you are otherwise unable to receive electronic communications, Bithumb Singapore will be deemed to have provided the communication to you regardless.

Bithumb Singapore does not provide Users with fiat or money trading capabilities as a part of the Services; Users can only enjoy crypto to crypto trading by exchanging one Cryptocurrency for another one in real time.

In order for you to fund your Account and begin with trading, you will need to procure Cryptocurrency first through Simplex or send cryptocurrencies listed on Bithumb Singapore to your wallet address provided by Bithumb Singapore and wait for the balance in your Account.

It is your responsibility to ensure you send Cryptocurrency to the correct address provided for that particular Cryptocurrency, else your funds may never be recovered.

Bithumb Singapore makes no representations or warranties with regard to the amount of time that may be required to complete transfer of your Cryptocurrency from a third party wallet or other source and have such Cryptocurrency become available in your Account.

When you elect to transfer Cryptocurrency from your Account to a third party wallet or other location, it is always possible the party administering the new location may turn down your transfer or that the transfer may fail because of technical or other issues affecting our platform.
You agree that you shall not hold Bithumb Singapore liable for any damages arising out of a rejected transfer.
Bithumb Singapore reserves the right to limit the number of Accounts that any User or such User’s affiliates can open or hold.

3. PRIVACY POLICY

Your privacy is really important to us. We only share your information with third parties as outlined in our Privacy Policy or as required to do so by law enforcement, court order, or in compliance with identity verification or legal reporting obligations in Bithumb Singapore’s sole judgment.

4. CONFIDENTIALITY OF THE TRANSMISSION OFINFORMATION OVER THE INTERNET

The transmission of data or information(including communications by e-mail) over the Internet or other publicly accessible networks may not always be secure, and is likely to possible loss, interception, or alteration while in transit. Accordingly, Bithumb Singapore does not assume any liability, without limitation, for any loss or damage you may experience or costs you may incur as a result of any transmissions over the Internet or other publicly accessible networks, including but not limited to transmissions containing the Platform or e-mail with Bithumb Singapore involving your personal information. While Bithumb Singapore will take commercially reasonable efforts to safeguard the privacy of the information you offer Bithumb Singapore and will treat such information in accordance with Bithumb Singapore's Privacy Policy, in no event will the information you provide to Bithumb Singapore be deemed to be confidential, create any fiduciary obligations for Bithumb Singapore, or result in any liability for Bithumb Singapore in the event that such information is negligently released by Bithumb Singapore or accessed by third parties without Bithumb Singapore's consent.

5. RISK DISCLOSURE STATEMENT

Bithumb Singapore provides an execution-only service and does not advise on the merits of any particular transactions or their tax consequences. As a general matter, Users should be aware of the following prior to utilizing our Services.

Trading Cryptocurrency can be extremely risky. Each particular Cryptocurrency has a unique feature set that makes it more or less likely to fluctuate in value. Additionally, factors beyond Bithumb Singapore’s control may affect market liquidity for a particular Cryptocurrency, such as regulatory activity, market manipulation, or unexplainable price volatility. Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons. Bithumb Singapore does not assume the risk of losses due to trading or because of factors beyond its control considering the viability of specific blockchain networks. As a general matter, we advise Users with limited trading experience and low risk tolerance not to engage in active trading. Speculating on the value of Cryptocurrency is high risk and Users should never trade more than they can afford to lose.

Understanding Cryptocurrency requires advanced technical knowledge. Cryptocurrency are often described in exceedingly technical language that requires a comprehensive understanding of applied cryptography and computer science in order to appreciate inherent risks. Listing of a Cryptocurrency on Bithumb Singapore does not show approval or disapproval of the underlying technology regarding any Cryptocurrency, and should not be used as a substitute for your own understanding of the risks specific to each Cryptocurrency. We give you no warranty as to the suitability of the Cryptocurrency traded under these Terms and assume no fiduciary duty in our relations with you.

You accept the risk of trading Cryptocurrency. In entering into any transaction on the Platform, you represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of the transaction and the underlying Cryptocurrency. You also represent that you have sufficient knowledge, market sophistication, professional advice and experience to make your own evaluation of the merits and risks of any transaction or any underlying Cryptocurrency.

You are responsible for adhering to applicable law. You agree that Bithumb Singapore is not responsible for determining whether or which laws may apply to your transactions, including tax law. You are solely responsible for reporting and paying any taxes arising out of your use of the Services.

You are aware of and accept the risk of operational challenges. Bithumb Singapore may experience sophisticated cyber attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions in the Service. You understand that the Service may experience operational issues that result in delays on our platform. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold Bithumb Singapore accountable for any related losses.

Bithumb Singapore does not advise on trading risk. If at any point Bithumb Singapore or its representatives do provide trading recommendations, market commentary, or any other information, the act of doing so is incidental to your relationship with us and imposes no obligation of truth or due diligence on behalf of Bithumb Singapore or its representatives.

Bithumb Singapore is a regulated entity and must follow applicable law. Applicable law, regulation, and executive orders may require Bithumb Singapore to, upon request by government agencies, freeze withdrawals or trading (or both), or offer information on your Account. Further, our record keeping and customer verification procedures are likely to change at any time as required by law or industry practices. We must comply with the law and you accept any inconveniences to you or other consequences resulting from our compliance.

Users accept all consequences of sending Cryptocurrency to an address off our platform. Cryptocurrency transactions may not be reversible. Once you send Cryptocurrency to an address like a private wallet, you accept the risk that you may lose access to your Cryptocurrency indefinitely. For example, an address may have been entered incorrectly and the true owner of the address may never be discovered, or an address may belong to an entity that will not return your Cryptocurrency, or an address belongs to an entity that may return your Cryptocurrency but first requires action on your part, such as verification of your identity

6. LIMITED LICENSE; IP RIGHTS

We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of this Agreement, to access and use the Services solely for approved purposes as determined by Bithumb Singapore. Any other use of the Services is expressly prohibited. Bithumb Singapore and its licensors reserve all rights in the Services and you agree that this Agreement does not grant you any rights in or licenses to the Services except for the limited license set forth above. Except as expressly authorised by Bithumb Singapore, you agree not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Services, in whole or in part. If you violate any portion of this Agreement, your permission to access and use the Services may be terminated pursuant to this Agreement. “bithumbsg.com”, “Bithumb Singapore” and all logos related to the Services are either trademarks, or registered marks of Bithumb Singapore or its licensors. You may not copy, imitate, or use them without Bithumb Singapore’s prior written consent. All right, title, and interest in and to the Site, any content thereon, the Services, all technology and any content created or derived from any of the foregoing is the exclusive property of Bithumb Singapore and its licensors.

We grant you access to use our products and services, but we still own the intellectual property associated with these products and services.

7. COPYRIGHT

Bithumb Singapore owns and has copyrights on our site and all of our contents. You will not copy, reproduce, republish, upload, post, transmit, distribute, sell, transfer or modify any of the content, data, information or materials found on our site without the written permission of Bithumb Singapore. Your use of and access to our site does not grant you any license or right to use any of our site and contents illegally. You will not take use of any robot, spider, other automatic device, or manual process to monitor materials available through our site.

8. ATTACKS ON BLOCKCHAIN NETWORKS

Bithumb Singapore does not have any ability to prevent or mitigate attacks on blockchain networks. With respect to its platform, Bithumb Singapore reserves the right to take the following commercially reasonable actions in the event of an attack: (i) If Bithumb Singapore is able to confirm that a Cryptocurrency active on the Platform has been compromised or is underattack, Bithumb Singapore may promptly halt trading, deposits, and withdrawals for such Cryptocurrency; (ii) if it is determined that such an attack caused the Cryptocurrency to greatly decrease in value, Bithumb Singapore may discontinue trade activity on such Cryptocurrency entirely. Bithumb Singapore does not have any obligation to engage in activity in relation to attacks on blockchain networks

Resolutions regarding deposits, withdrawals, and User balances for an attacked Cryptocurrency will be determined on a case-by-case basis by Bithumb Singapore in its sole discretion. Bithumb Singapore makes no representation and does not warrant the safety of the Platform and is not liable for any lost value or stolen property, whether Bithumb Singapore was negligent in providing the proper security or not.

9. Anti-Money Laundering (AML) & KnowYour Customer (KYC) Policy

By agreeing to our Terms, you acknowledge and understand that Bithumb Singapore maintains verification levels which require User participation and verification in order to obtain, with leveled permissions based on User-supplied information, our ability to verify it, and our internal policies. You accept that you may not be able to achieve a desired level of verification, and Bithumb Singapore reserves the right to decide, at its sole discretion, the appropriate verification level and criteria for any User, as well as the right to downgrade Users without prior notice. Bithumb Singapore may, attimes, implement policies restricting verification levels and criteria by nationality, country of residence, or any other factor. This may affect your ability to withdraw Cryptocurrency and you agree to indemnify, defend and hold harmless Bithumb Singapore against any losses associated with an inability to deposit and/or withdraw Cryptocurrency based on the verification level assigned by Bithumb Singapore to your Account.

10. THIRD PARTY CONTENT

Bithumb Singapore and its Users may offer third party content on the Site and may provide links to web pages and content that are not owned or controlled by Bithumb Singapore (collectively the "Third PartyContent") as a service to those interested in this information. Bithumb Singapore does not control, endorse, or adopt any Third Party Content and makes no representation or warranties of any kind with respect to the Third Party Content, including but not limited to its accuracy or completeness. You acknowledge and agree that Bithumb Singapore is not responsible or liable in any mannerfor any Third Party Content and undertakes no responsibility to update or reviewany Third Party Content. You acknowledge that your use of such Third PartyContent is at your own risk. Your business dealings or correspondence with, or participation in promotions of, any third parties, and any terms, conditions, warranties, or representations associated with such dealings or promotions, are solely between you and such third parties. Bithumb Singapore is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or promotions or as the result of the presence of such Third Party Content on the Site.

11. COPYRIGHT OF FEEDBACK MATERIALS

You acknowledge and agree that anymaterials, including but not limited to questions, comments, feedback, suggestions, ideas, plans, notes, drawings, original or creative materials or other information or commentary you provide on our platform or one of our social media accounts, regarding Bithumb Singapore or the Services (collectively,"Feedback") that are provided by you, whether by email, posting tothe Site or otherwise, are non-confidential and will become the sole property of Bithumb Singapore. Bithumb Singapore will own exclusive rights, including all intellectual property rights, and will be entitled to the unrestricted use and dissemination of such Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you.

12. USER CONDUCT AND OBLIGATIONS

In connection with your use of the Services and in addition to the list of prohibited activities above, you will not:

  1. 1) Violate or assist any party in violating any law, statute, ordinance, regulation or any rule of any self-regulatory or similar organization of which you are or are required to become a member through your use of the Services.
  2. 2) Provide false, inaccurate, incomplete or misleading information.
  3. 3) Infringe upon Bithumb Singapore’s or any third party’s copyright, patent, trademark, or intellectual property rights.
  4. 4) Distribute unsolicited or unauthorized advertising or promotional material, any junk mail, spam, or chain letters.
  5. 5) Use a web crawler or similar technique to access our Services or to extract data.
  6. 6) Reverse engineer or disassemble any aspect of the Site or Services in an effort to access any source code, underlying ideas and concepts, and algorithms.
  7. 7) Take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information.
  8. 8) Transmit or upload any material to the Site that contains viruses, Trojan horses, worms, or any other harmful or deleterious programs.
  9. 9) Otherwise attempt to gain unauthorized access to the Site, other Bithumb Singapore Accounts, computer systems or networks connected to the Site, through password mining or any other means.
  10. 10) or Transfer any rights granted to you under these Terms.

Please note that if you breach any itmes out of the lists mentioned above, your Account shall be suspended or cancelled immediately without prior notice or warning.

13. NO TRANSFERABILITY

While the Account and the Services provided to a User are not transferable under any circumstance and shall be used only by the User, Bithumb Singapore shall have the right to transfer, assign, or sell all the rights, benefits, or obligations to any person and these Terms shall continue to be in force and effect for the benefit of the successors and assigns of Bithumb Singapore or its lenders, if any.

14. ELECTRONIC TRADING TERMS

Bithumb Singapore does not own or control any of the underlying software through which blockchain networks are formed and Cryptocurrency are created and transacted. Generally, the underlying software for blockchain networks tends to be open source such that anyone can use, copy, modify, and distribute it.
By using the Services, you acknowledge and agree (i)that Bithumb Singapore is not responsible for operation of the underlying software and networks that support Cryptocurrency and that Bithumb Singapore makes no guarantee of functionality, security, or availability of such software and networks; and (ii)that the underlying protocols are likely to sudden changes in operating rules (a.k.a “Forks”), and that such Forks may materially affect the value, function, and/or even the name of the Cryptocurrency you store in your Account. In the event of a Fork, you agree that Bithumb Singapore may temporarily suspend the Services (with or without advance notice to you) and that Bithumb Singapore may, in its sole discretion, (a) configure or reconfigure its systems or (b) decide not to support (or cease supporting) the Forked network entirely, provided, however, that you will have an opportunity to withdraw Cryptocurrency on at least one of still existant underlying networks. You acknowledge and agree that Bithumb Singapore assumes absolutely no responsibility whatsoever in respect of any underlying software protocols, whether Forked or not.

Bithumb Singapore may delist a Cryptocurrency at any time in its sole discretion based on a number of factors, one of which may include changes in a given Cryptocurrency’s characteristics after Bithumb Singapore has listed the Cryptocurrency.

A transaction on the Platform may fail for several reasons, including but not limited to change in seller prices, insufficient transaction volume, or unanticipated technical difficulties. We make no representation or warrant that any transaction will be executed properly. Bithumb Singapore is under no circumstances liable for any loss or injury suffered by a failure of a transaction to complete properly or in a timely manner. Further, Bithumb Singapore is in no way responsible for notifying you of a transaction failure. The User has full responsibility to determine and inquire into the failure of any transaction the User initiates.

In the event that you receive any data, information, or software through our Services other than that which you are entitled to receive pursuant to these Terms, you will immediately inform us and will not use, in any way whatsoever, such data, information, or software. If you request a withdrawal of Cryptocurrency and we cannot adhere to it without closing some part of your open orders, we will not follow the request until you have closed sufficient positions to allow you to make the withdrawal.

Bithumb Singapore may refuse to execute a trade, impose trade amount limits or restrictions at any time in its sole discretion without notice. Especially, Bithumb Singapore reserves the right to refuse to process, or the right to cancel or reverse, any transaction or disable a User’s deposit address on the Platform where Bithumb Singapore suspects the transaction involves money laundering, terrorist financing, fraud, or any other type of crime or if Bithumb Singapore suspects the transaction relates to a prohibited use as described in our Terms, including transactions containing the opening of an Account and subsequent closure without any actual trading occurring. Bithumb Singapore offers deposit Accounts to enable trading using the Services and does not allow Users to use such Accounts as a web wallet or address changing service. We reserve the right to halt deposit activity at our sole discretion. While Bithumb Singapore may in its discretion reverse a trade, a User may not change, withdraw, or cancel its authorization to make a transaction, except with regard to open orders.

Bithumb Singapore may correct, reverse, or cancelany trade impacted by an error in processing your purchase or otherwise. Yourremedy in the event of an error will be limited. You may seek to cancel yourorder or obtain a refund of any amounts charged to you, although we can notguarantee such cancellations or refunds will always be possible.

Bithumb Singapore provides its Users with a platform that allows their orders to be matched with the orders of other Users. Orders may be partially filled or may be filled by a number of orders, depending on the trading activity at the time an order is placed.

The Cryptocurrency that are available for purchase through the Services may be likely to high or low transaction volume, liquidity, and volatility at any time for potentially extended periods. You acknowledge that while we are using commercially reasonable methods to give you information on the exchange rate through our Services, that information we offer may differ from prevailing exchange rates made available by third parties. Similarly, the actual market rate at the time of your trade may be different from the indicated prevailing rate depending on the velocity of trading in the Cryptocurrency involved in your trade. You agree that Bithumb Singapore is not liable for price fluctuations or differences in actual versus indicated rates.

Fees

In exchange for access to the Site and the Services, you agree to pay a fee on each settled transaction initiated by you (such fee, a “ Trading Fee”). The current Trading Fee may be found on the fee page(https://www.bithumbsg.com/support/fees) of the Siteafter you log into your Account. We reserve the right to change, modify or increase the Trading Fee at any time and from time to time. Any such changes, modifications or increases will be effective upon posting such changes, modifications or increases on the Site. If you do not agree to the posted changes, modifications, or increases, you may close the Account as provided herein. Your continued use of the Account following the posting of the modified Trading Fee as posted on the Site will constitute the acceptance of all such changes or revisions. Trading Fees are paid by both the buyer and seller in any given transaction. The buyer and seller will each be charged a fee in cryptocurrencies every transaction.

You agree at all times to maintain a sufficient balance in your Account to fulfill any relevant withdrawal fees. We reserve the right to refuse to allow your withdrawal requests about Cryptocurrency which fall below any applicable withdrawal fee.

15. SUSPENSION OF SERVICE, ETC

  1. 1) If a below event applies to a User, Bithumb Singapore may, without prior notice or demand, temporarily suspend that User from using the Service or cancel that User’s Account.
    In either of those cases, transactions that have already been executed will remain effective and can not be cancelled or withdrawn.
    1. (1) The User breaches these Terms.
    2. (2) The User’s personal Information is found to contain a false representation of fact.
    3. (3) The User uses or attempts to use, the Service for a purpose, or in a method, that might damage Bithumb Singapore or other Users or any other third parties.
    4. (4) Irrespective of the means used, the User interferes with the operation of the Service.
    5. (5) The User dies.
    6. (6) The User has not used the Service for 12 months or more since the last time it used the Service does not respond to when contacted by Bithumb Singapore.
    7. (7) The User can not be reached by Bithumb Singapore via e-mail, telephone, or any other methods it tries.
    8. (8) The User uses socially unacceptable languages or behaviors towards Bithumb Singapore or an employee of Bithumb Singapore.
    9. (9) Bithumb Singapore otherwise judges that it is inappropriate to continue the User’s Account in its sole discretion.
  2. 2) Bithumb Singapore is not liable for damage incurred by the User due to Bithumb Singapore conducting an act under this Section 15.
  3. 3) Each User may cancel its Account by notifying Bithumb Singapore of the method prescribed by Bithumb Singapore.
  4. 4) Even though the User has cancelled its Account in accordance with the provisions of this Section 15, Bithumb Singapore is not liable to return any documents, materials, and so on, which were received from that User by the time of the suspension or cancellation, and, further, Bithumb Singapore shall retain the User’s personal information for the period prescribed by Bithumb Singapore.

16. OWNERSHIP OF CRYPTOCURRENCY

You hereby certify to us that any Cryptocurrency you used in connection with the Platform are either owned by you or that you are validly authorized to carry out transactions using such Cryptocurrency, and that all transactions initiated with your Account are for your own Account and not on behalf of any other person or entity.

17. INDEMNIFICATION

You agree to indemnify, defend and hold Bithumb Singapore, its affiliates and service providers, and each of their respective officers, directors, agents, joint venturers, employees, and representatives, harmless from any claim or demand (including attorneys’ fees and costs and anyfines, fees or penalties imposed by any regulatory authority) arising from or related to (i) your breach of these Terms, (ii) your use of Services, or (iii)your violation of any law, rule, or regulation, or the rights of any thirdparty.

18. DISCLAIMER OF WARRANTEES

Bithumb Singapore provides no guarantee as to the performance or the uninterrupted availability of the Services. The Services are provided on "AS IS", "AS AVAILABLE" basis without warranties of any kinds, either express or implied. Bithumb Singapore disclaims all warranties, express or implied, including without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement with regard to the Services. Bithumb Singapore does not represent orwarrant that the Services and the information contained therein are accurate, complete, reliable, current or error-free. Bithumb Singapore will make reasonable efforts to ensure that transactions on the platform are processed in a timely manner, but makes no representations or warranties with respect to the amount of time needed to process such transactions. Since Cryptocurrency transfers on and off the platform are dependent upon many factors outside of our control including denial of service attacks and the liquidity of the Crpytocurrency traded on our platform, among other factors, Bithumb Singapore makes no representations or warranties regarding the success of, or the amount of time needed for, Cryptocurrency transactions. You also acknowledge that any information that you store or transfer using the Services may become irretrievably lost or corruptedor temporarily unavailable due to a variety of causes, including software failures, third party protocol changes, internet outages, third part denial ofservice attacks, acts of GOD or unscheduled maintenance. You are encouraged to back up and safeguard your information, including login credentials, at all times.

Some jurisdictions do not allow the disclaimer of implied terms in contracts with consumers, so some or all of the disclaimers in this section may not apply to you.

Additionally, you acknowledge that Bithumb Singapore does not act or serve as your broker, intermediary, agent, or advisor with respect to any transaction you make or propose to make using the Services and owes you no fiduciary duty.

19. LIMITATION OF LIABILITY

To the maximum extent permitted by law, Bithumb Singapore shall have no liability for any damages of any kinds (including without limitation indirect, special, incidental, consequential, or tort damages, or lost profits) in connection with your use of the Services, even though Bithumb Singapore has been advised or is aware of the possibility of such damages. In no event will Bithumb Singapore’s liability for money damages under these terms exceed the amount of fees received from you during the preceding Six (6) month period.

20. APPLICABLE LAW AND VENUE

The law governing Terms shall be the laws of Singapore and any dispute arising out of the use of the Services or in relation to Terms shall be submitted to the exclusive jurisdiction of the courts in Singapore.

21. ARBITRATION

Any dispute arising from or in connection with this Terms of Use, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (“SIAC”) in accordance with the Arbitration Rules of the Singapore International Arbitration Centre ("SIAC Rules") for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be Singapore and the language of the arbitration shall be English.

22. SURVIVAL

Sections 10(THIRD PARTY CONTENT),11(COPYRIGHT OF FEEDBACK MATERIALS), 17(INDEMNIFICATION), 18(DISCLAIMER OF WARRANTIES), 19(LIMITATION OF LIABILITY), 20(APPLICABLE LAW AND VENUE), 21(ARBITRATION), 22(SURVIVAL), 23(SEVERABILITY; WAIVER), 24(INTEGRATION), 25(FORCE MAJEURE) and 26(GOVERNING LANGUAGE AND TRANSLATION) will survive any termination or expiration of these Terms.

23. SEVERABILITY; WAIVER

If any provision of these Terms is deemed unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these Terms and will not affect the validity and enforceability of any remaining provisions. Any delay or failure by Bithumb Singapore to enforce any of its rights shall not constitute a continuing waiver of such rights.

24. INTEGRATION

The failure of us to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. These Terms and any policies or operating rules we posted constitutes the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms). Any ambiguities in the interpretation of these Terms shall not be construed againstthe drafting party.

25. FORCE MAJEURE

In addition to applicable disclaimersstated above, Bithumb Singapore's performance under these Terms shall be excused in the event of interruption and/or delay due to, or resulting from, causes beyond its reasonable control, including but not limited to acts of God, acts of any government, war or other hostility, civil disorder, the elements, fire, flood,snow storm, earthquake, explosion, embargo, acts of terrorism, power failure, equipment failure, industrial or labor disputes or controversies, acts of any third party data provider(s) or other third party information provider(s), third party software, or communication method interruptions.

26. GOVERNING LANGUAGE AND TRANSLATIONS

You agree that these Terms, Bithumb Singapore's Privacy Policy, and other notices posted through the Services have been drafted in English. Although translations in other languages of any of the foregoing documents may be available, such translations may not be up to date or complete. Accordingly, you agree that in the event of any conflict between the English language version of the foregoing documents and any other translations thereto, the English language version of such documents shall govern.

27. UNCLAIMED PROPERTY

If Bithumb Singapore is unable to return your Cryptocurrency to a third party Account for you after a period of inactivity, Bithumb Singapore may report and remit the Cryptocurrency to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

28. EVENT

Bithumb Singapore can run a variety of promotional campaigns (Collectively, the "EVENT") to attract and motivate Users to take advantage of Services. Goods like cryptocurrency, voucher, etc as a giveaway (collectively, the "giveaway") shall be distributed to those who satisfy the entire event requirement only.

When it comes to giveaway used for such event, Bithumb Singapore shall not be held liable and responsible for paying any taxes under the law of Singapore since such giveaway is given to the recipient for free.

Any tax liability arising as a result of accepting any giveaway is the responsibility of the recipient regardless of whether he or she buys, sells, transfers, exchanges, refunds or not except.

29. SITE; THIRD PARTY CONTENT

Bithumb Singapore strives to provide accurate and reliable information and content on the Site, but such information may not always be correct, complete, or up to date. Bithumb Singapore will update the information on the Site as necessary to provide you with the most up to date information, but you should always independently verify such information. The Site may also contain links to third party websites, applications, events or other materials (“Third Party Content”). Such information is provided for your convenience and links or references to Third Party Content do not constitute an endorsement by Bithumb Singapore of any products or services. Bithumb Singapore shall have no liability for any losses incurred as a result of actions taken in reliance on the information contained on the Site in any Third Party Content.

From time to time we might post helpful links or articles on our Site, but you should investigate those sources on your own.

30. PROMOTIONS

Bithumb Singapore does not, as a general rule, take part in promotions without an official pronouncement, either on our Site or elsewhere. You promise to obtain prior written approval before releasing any statements, written media releases, public announcements and public disclosures, including promotional or marketing materials, regarding Bithumb Singapore.

31. API USE

Subject to your compliance with this Terms and any other agreement which may be in place between you and Bithumb Singapore related to your use of the API, Bithumb Singapore hereby grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license, to use the API solely for the purposes of trading on Bithumb Singapore. You agree not to use the API or data provided through the API for any other commercial purpose. You access and use the API entirely at your own risk, and Bithumb Singapore will not be responsible for any actions you take based on the API.

Bithumb Singapore may, at its sole discretion, set limits on the number of API calls that you can make, for example, to maintain market stability and integrity. You acknowledge and agree that if you exceed these limits, Bithumb Singapore may moderate your activity or cease offering you access to the API, each in its sole discretion. Bithumb Singapore may immediately suspend or terminate your access to the API without notice if it believes you are in violation of the terms of this Agreement or any other agreement which may be in place between you and Bithumb Singapore related to your use of the API.

32. CONTACT INFORMATION

To contact, go to "https://www.bithumbsg.com/qna". Please provide all relevant information, including your Bithumb Singapore Username and transaction IDs of any related deposits. Although we make no representations or provide no warranties about the speed of response, we will get back to you assoon as possible.

Last Revised : Aug 19, 2019