TOS

Terms of Service

Thebitcoinvendors User Agreement


This is an agreement between you and thebitcoinvendors.com. These terms and conditions outline the rules and regulations for the use of Thebitcoinvendors's Website.

By signing up to use an account through thebitcoinvendors.com, You agreed that you have understood and accept these terms and conditions in full. Do not continue to use Thebitcoinvendors's website if you do not accept all of the terms and conditions stated on this page.


About Tbcvendors

Thebitcoinvendors is fast growing peer to peer marketplace to connect seller and buyers around the world. Thebitcoinvendors also offer bitcoin at best market rate for vendors to resell on the marketplace. Our worlwide user base can post offers to either buy or sell bitcoins via any means they wish.

The creator of the offer is responsible for listing terms of the trade however, once an offer is selected by another users, bitcoins is held in our escrow service from the party that is selling it. The bitcoin is released from escrow to the buyer by the seller once the buyer has completed the terms of the trade. The escrow is realeased back to the seller if the buyer chooses to cancel the trade. The seller may not cancel the trade at any point. The seller only has the option to release the digital currency from escrow to the buyer. This is for the security purposes of the buyer. Should a seller need to cancel the trade due to a buyer not following the terms of the trade, they must start a dispute and provide a reason for doing so.


1. GENERAL

1.1. We reserve the right to change these Terms at any time, in our sole discretion. Any such changes in respect of your use of the Services will take effect when posted on the Website. If you have supplied us with an email address, we will also notify you by email of changes to these Terms.

1.2. It is your responsibility to read the Terms carefully on each occasion you use the Services. Your continued use of the Services shall signify your acceptance to be bound by the current Terms.

1.3. Failure or delay by Thebitcoinvendors in enforcing or partially enforcing any provision of these Terms shall not be construed as a waiver of any rights.


2. DEFINITIONS

2.1 The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: "Client", "You" and "Your" refers to you, the person accessing this website and accepting the Company's terms and conditions. "The Company", "Ourselves", "We", "Our" and "Us", refers to our Company. "Party", "Parties", or "Us", refers to both the Client and ourselves, or either the Client or ourselves.

2.2 All references to the ‘Website’ shall include reference to all URL’s operated by Thebitcoinvendors.

2.3. ‘Business Day’ means a day other than a public holiday, a Saturday or a Sunday, in the Nigeria.

2.4. ‘Services’ means any feature provided by us via the Website.

2.5. ‘Communication’ includes communication by email.


3. ELIGIBILITY

3.1. You hereby accept and acknowledge that you: (a) Are 18+ to agree to these Terms; (b) Have not previously been suspended or removed from using our Services.

2.2 All references to the ‘Website’ shall include reference to all URL’s operated by Thebitcoinvendors.

2.3. ‘Business Day’ means a day other than a public holiday, a Saturday or a Sunday, in the Nigeria.

2.4. ‘Services’ means any feature provided by us via the Website.

2.5. ‘Communication’ includes communication by email.


4. JURISDICTION, TERRITORIAL LIMITATIONS & SEVERABILITY

4.1. These Terms and your use of the Website and Services shall be governed by and construed in accordance with Nigeria Law. Any dispute arising in connection with these Terms or your use of the Website or Services will be resolved exclusively in the courts of Nigera. Nothing in these Terms shall be deemed to affect your statutory rights under Nigeria law

4.2. If any part of these Terms is held by any court of Nigeria to be invalid or unenforceable in whole or in part, the validity or enforceability of the other sections of these terms and conditions shall not be affected. Any headings contained in these Terms are for informational purposes only and are not enforceable provisions of these Terms


5. PRIVACY POLICY & SECURITY

5.1. We endeavour to take all reasonable steps to protect your personal information. However, we cannot guarantee the security of any data you disclose online. You accept the inherent security risks of providing information and dealing online over the Internet and will not hold us responsible for any breach of security unless this is due to our negligence.


6. ASSUMPTION OF RISK, LIMITATIONS ON LIABILITY & INDEMNITY

6.1. You accept and acknowledge and accept the various risks inherent to using Digital Currency including but not limited to hardware failure, software issues, internet connection failure, malicious software, third party interference leading to access to your wallet and other user data. You accept and acknowledge that Thebitcoinvendors will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Services, however caused.

6.2. You accept and acknowledge that there are risks associated with utilizing any Digital Currency network, including, but not limited to, the risk of unknown vulnerabilities in or unanticipated changes to the network protocol. You acknowledge and accept that Thebitcoinvendors has no control over any cryptocurrency network and will not be responsible for any harm occurring as a result of such risks.

6.3. We will use reasonable endeavours to verify the accuracy of any information on the Website but we make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the contents of the Website, information and functions made accessible through the Website, any hyperlinks to third party websites, or the security associated with the transmission of information through the Website or any website linked to by the Website.

6.4. We will not be responsible or liable to you for any loss and take no responsibility for and will not be liable to you for any use of our Services, including but not limited to any losses, damages or claims arising from:

  • User error such as forgotten passwords, incorrectly constructed transactions, or mistyped Digital Currency addresses;
  • Server failure or data loss;
  • Unauthorized access to applications;
  • Any unauthorized third party activities, including without limitation the use of viruses, phishing, brute forcing or other means of attack against the Website or Services;

6.5. We make no warranty that the Website or the server that makes it available, are free of viruses or errors, that its content is accurate, that it will be uninterrupted, or that defects will be corrected. We will not be responsible or liable to you for any loss of any kind, from action taken, or taken in reliance on material, or information, contained on the Website.

6.6. Subject to 7.1 below, any and all indemnities, warranties, terms and conditions (whether express or implied) are hereby excluded to the fullest extent permitted under Nigeria law.

6.7. We will not be liable, in contract, or tort (including, without limitation, negligence), other than where we have been fraudulent or made negligent misrepresentations.

6.8. Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, fraudulent misrepresentation, or any other liability which may not otherwise be limited or excluded under Nigeria law.


7. AGREEMENT TO HOLD TBC HARMLESS

7.1. You agree to hold harmless Thebitcoinvendors (and each of our officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable legal fees, arising out or relating to:

7.1.2. Your violation of these Terms; or

7.1.3. Violation of any rights of any other person or entity.

If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it.


8. NO LIABILITY FOR THIRD PARTY SERVICES AND CONTENT

8.1. In using our Services, you may view content or utilize services provided by third parties, including links to web pages and services of such parties (“Third Party Content”). We do not control, endorse or adopt any Third-Party Content and will have no responsibility for Third Party Content including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent or otherwise objectionable in your jurisdiction. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred as a result of any such dealings and you understand that your use of Third Party Content, and your interactions with third parties, is at your own risk.


9. FEES FOR USING TBC SERVICES

9.1 Creating a Wallet is free. Tbc charges fees for Services, applicable fees will be displayed prior to you using any Service to which a fee applies. See Tbc Fees” for further details. Our fees are subject to change and Tbc reserves the right to adjust its pricing and fees and at any time.


10. DIGITAL CURRENCY MINING

10.1. Digital Currency Mining Defined. Mining is the process of adding transaction records to the digital currency’s public ledger of past transactions (and a “mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining”). This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Digital currency nodes use the blockchain to distinguish legitimate digital currency transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other digital currency nodes each time they receive a block. The primary purpose of mining is to allow digital currency nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce digital currency into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.


11. SUSPENSION OR TERMINATION OF SERVICES

We may suspend or terminate your access to the Services in our sole discretion, immediately and without prior notice, and deactivate your Wallet without cost to you, including, for instance, in the event that you breach any term of these Terms. In the event of termination, your access to funds will depend on the reason for termination. We hold the right to retain your funds if we have evidence of malicious behavior or failure to comply with the User Agreement.


12. SUSPENSION OR TERMINATION OF SERVICES

12.1. When accessing or using the Services, you agree that you will not commit any unlawful act, and that you are solely responsible for your conduct while using our Services. Without limiting the generality of the foregoing, you agree that you will not:

12.1.1. Use our Services in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully enjoying our Services, or that could damage, disable, overburden or impair the functioning of our Services in any manner;

12.1.2. Use our Services to pay for, support or otherwise engage in any illegal activities, including, but not limited to illegal gambling, fraud, money laundering, or terrorist activities;

12.1.3. Use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access our Services or to extract data;

12.1.4. Use or attempt to use another user’s Wallet without authorization;

12.1.5. Attempt to circumvent any content filtering techniques we employ, or attempt to access any service or area of our Services that you are not authorized to access;

12.1.6. Introduce to the Services any virus, Trojan, worms, logic bombs or other harmful material;

12.1.7. Develop any third-party applications that interact with our Services without our prior written consent;

12.1.8. Provide false, inaccurate, or misleading information; or

12.1.9. Encourage or induce any third party to engage in any of the activities prohibited under this Section.


13. INTELLECTUAL PROPERTY RIGHTS

13.1. Unless otherwise indicated by us, all intellectual property rights in the Website and in any content provided in connection with our Services, are the property of TBC or our licensors or suppliers and are protected by applicable intellectual property laws. We do not give any implied licence for the use of the contents of the Website.

13.2. You accept and acknowledge that the material and content contained within the Website is made available for your personal, lawful, non-commercial use only and that you may only use such material and content for the purpose of using the Website. You further acknowledge that any other use of content from the Website is strictly prohibited and you agree not to infringe or enable others to infringe our intellectual property rights.

13.3. You agree to retain all copyright and other proprietary notices contained in the material and content within the Website on any copy you make of the material, but failing to do so shall not prejudice TBC's intellectual property rights therein.

13.4. You may not sell or modify the Website materials or reproduce, display, publicly perform, distribute or otherwise use the materials in any way for any public or commercial purpose. Your use of the materials on any other website or on a file-sharing or similar service for any purpose is prohibited.

13.5. You may not copy any material or content contained on the Website or accessible through the Website without our written permission. Any rights not expressly granted herein to use the materials contained on the Website are reserved by TBC in full.


14. FEEDBACK AND USER SUBMISSIONS

14.1. TBC is always improving its services and the Website. If you have ideas or suggestions regarding improvements or additions to TBC’s Services or the Website, TBC would like to hear them; however, any submission will be subject to these Terms.

14.2. Under no circumstances will any disclosure of any idea or feedback, or any related material to TBC or any of its subsidiaries, parents or affiliated companies, or any of their officers, directors, managers, members, shareholders, employees and agents, or any of their heirs, successors, representatives and assigns (each a ‘TBC Party’ and collectively, the ‘TBC Parties’) be subject to any obligation of confidentiality or expectation of compensation.

14.3. By submitting an idea or feedback or any related material that would be subject to intellectual property rights (the “Work”) to TBC or any TBC Party, you grant to TBC, in respect of the Work submitted, a non-exclusive, perpetual, worldwide royalty free licence to use all of the content of such ideas and feedback, for any purpose whatsoever. Further, you are waiving any moral rights to the fullest extent permitted under United States law that you may have in the Work and are representing and warranting to such TBC Party that the Work are wholly original with you, that no one else has any rights in the Work and that all TBC Parties are free of any royalty to implement the Work and to use the related material if so desired, as provided or as modified by any TBC Party, without obtaining permission or licence from any third party.

14.4. You further accept that TBC may sub-licence any of the TBC Parties to use in any way any Work and material you have submitted.

14.5. We have the right to remove any posting you may make to the Website, in our absolute discretion, without warning or reasons.


15. HOW TO CONTACT US

TBC offers 24/7 support through live chat on thebitcoinvendors.com. You may also email support@thebitcoinvendors.com.