Terms of Service

Updated 2 years ago

Using Synbit implies your acceptance of the following terms:

These terms apply to the service running on synbit.io and its subdomains, referred to as Synbit from now on. Synbit is a currency exchange intermediary. It provides a mechanism for users to trade assets among themselves. Synbit is never buying or selling to users directly.

Any person wishing to use Synbit services must create an account in Synbit. This person is called a user. A given person can have at most one account in Synbit. Having multiple accounts is considered a violation of these terms.

Synbit may require personal identification at any point. Users not willing to provide this information after it has been asked cannot continue using Synbit. Their continuing use of Synbit services is considered a violation of these terms.

Synbit holds virtual assets from users. These assets belong to users, not to Synbit. Synbit can charge fees for providing its services. Synbit is authorized to deduct fees of item 7 from user accounts.

Synbit can deactivate any account at its sole discretion. Synbit can temporarily block a user from accessing their assets if there is any conflict regarding the ownership or source of those funds. Access may remain blocked until the investigation is complete.

Synbit cannot be used to receive periodic payouts directly from mining or staking pools. Payouts must be sent to some other wallet and from there to Synbit.

Synbit cannot be used to receive freshly minted coins including but not limited to newly mined coins, newly staked coins, and superblock rewards. Freshly minted coins must be sent to some other wallet and from there to Synbit.

Synbit can choose to keep any assets in deactivated accounts as compensation if these accounts are deactivated because of a violation of these terms.

Users are fully responsible for using all available means to secure their accounts, including but not limited to a strong password, two-factor authentication, a secure email address, and a secure computer or device free of malicious software and hardware.

Synbit is not liable for any loss as a consequence of software or hardware bugs or malfunction, security breach (either in Synbit systems or user accounts), confiscation of property, natural events, or any other event that results in assets being taken away from Synbit's direct control.

These terms can be updated, extended or otherwise modified in any way without notice. Users are required to monitor these terms periodically.

If you don't agree with one or more terms then please refrain from using Synbit.

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