This agreement (hereinafter referred to as the "Agreement", "User Agreement") describes the rules and conditions under which the services of the "cryptabar.com" service are provided.
The parties to this agreement are cryptabar.com (hereinafter referred to as the "Service") and any individual using the services of the Service (hereinafter referred to as the "User"). Before using the services of the Service, the User must read and accept all the terms of this Agreement. Otherwise, the User cannot use the services of the Service.
This Agreement is publicly accessible on the Internet on the cryptabar.com webpage and may be amended by the Service Management unilaterally without additional notice to the User.
Cryptabar.com Service - a system providing online services for the exchange of electronic assets and electronic funds.
Service Website - cryptabar.com
User - any individual who uses the services of cryptabar.com and accepts the terms of the Agreement.
Payment System - a software product created by a third party, representing a mechanism for accounting for monetary and/or other obligations, paying for goods and services on the Internet, as well as organizing settlements between its users.
Electronic Assets - monetary and/or other obligations between the developer of a particular currency and its user, expressed in digital form.
Payment/Transaction - a transfer of electronic and/or other currency from the payer to the recipient.
Application - an expression of intent by the User to use one of the services offered by cryptabar.com by filling out an electronic form through the Service Website under the conditions described in the Agreement and specified in the parameters of this application.
Source Currency - the electronic asset the User wishes to sell or exchange.
Source Account - the wallet number or any other designation of the User's account in the Payment System from which the Source Currency was sent.
Resulting Currency - the electronic asset the User receives as a result of selling or exchanging the Source Currency.
Resulting Account - the wallet number or any other designation of the User's account in the Payment System to which the Resulting Currency will be sent.
Currency Reserve - the amount of a specific Electronic Asset available to cryptabar.com at the time of creating the Application.
Currency Exchange - the exchange of electronic currency from one payment system to electronic currency of another payment system.
Rate - the value ratio of two electronic assets during their exchange.
The subject of this Agreement is the provision of services to the User by cryptabar.com for the exchange of digital and electronic currencies.
4.1. Service orders are placed by the User by submitting an Application through the Service Website.
4.2. The process of digital and electronic currency exchange or obtaining information on the status of a transaction is managed by the User using the relevant user interface available on the Service Website.
4.3. Cryptabar.com executes Applications in accordance with the operating conditions of the respective payment systems.
4.4. Cryptabar.com is not a party to the agreement between the Payment System and the Client of the Payment System and is not responsible for the actions of the Payment System. The rights and obligations of the Payment System and its Clients are governed by the terms of service provision of the respective Payment Systems.
4.5. The Service does not require confirmation that the sender and recipient of funds involved in the Transaction are the same person. Cryptabar.com is not a party to the relationship between the sender and recipient of digital or electronic currencies.
4.6. By using the Service, the User confirms that they lawfully own and manage the funds and digital currency involved in the relevant Transaction.
4.7. The User undertakes to independently calculate and pay all taxes required by the tax legislation at their place of residence.
5.1. The Service fees are determined by the Service Management and published on the Service Website.
5.2. The Service reserves the right to unilaterally change exchange rates and fees at any time, notifying Users of these changes by posting the information on the Service Website.
5.3. The Application created by the User on the Service Website specifies the Rate, the fee charged by the respective Payment System for the Transaction, and the total amount of funds or electronic currency transferred and received.
6.1. By registering on the site, you consent to provide cryptabar.com with accurate information about yourself in accordance with the registration procedure on the Website.
6.2. We may conduct additional verification of your information and request any necessary documentation and data related to the exchange (passport, card photo, user video verification, payment receipt, and other necessary data) for any reason related to the use of the services and/or to confirm any information you provide. If the conditions for providing documents are not met, the Service has the right to refuse services and initiate a refund to the sender's details within seven banking days.
6.3. The Administration of cryptabar.com may at any time, at its sole discretion, deny you the ability to open an Account, restrict the Account, or suspend any transaction until a review of the provided information is complete.
6.4. You acknowledge that you are responsible for maintaining strict confidentiality of your account information, including your password, as well as for all actions and transactions placed on it.
6.5. You agree not to use the Services for any criminal activity, including money laundering, illegal gambling, terrorism financing. Moreover, you guarantee that you will not use methods to hide your location from which you access the Website and will provide the Service with your exact and true location upon request. If the Service determines that activity on your Account is suspicious or related to any prohibited activity or illegal operation, the Company may suspend your Account, block any pending transactions, and decline any subsequent transactions.
7.1. By submitting an Application, the User instructs, and cryptabar.com, acting on its behalf and at the User's expense, exchanges Electronic Currency from one Payment System (Source Currency) to another Payment System (Resulting Currency) selected by the User.
7.2. The User undertakes to transfer (deliver) the Source Currency in the amount specified in the Application, and cryptabar.com, upon receiving the relevant Electronic Currency, undertakes to transfer (deliver) the Resulting Currency to the User, calculated at the Rate and in accordance with the Service's tariffs.
7.3. Within the time frame specified in the regulations (depending on the exchange direction) from the moment funds are received from the User in the amount specified in the Application, the Service undertakes to transfer (deliver) the received electronic or fiat currency to the details and in the amount specified by the User in the Application, unless prevented by force majeure circumstances.
7.4. Applications should only be paid through the payment form on our website (merchant), which is available after clicking the "Pay" button. Payment by requisites is not allowed.
7.5. Cryptabar.com's obligation to transfer (deliver) Electronic Currency to the User is deemed fulfilled at the moment the Electronic Currency is debited from the account of cryptabar.com in the respective Payment System, which is registered in the transaction history of the respective Payment System.
7.6. Cryptabar.com has the right to cancel an Application created by the User if the funds in the amount of the Source Currency are not received on the Service's account within 30-90 minutes.
7.7. The Rate is not fixed when creating an Application. If the rate changes before funds are credited, the rate is automatically recalculated at the time of the deposit being credited to the partner exchange based on the latest network confirmation. The Application is automatically deleted after 30-90 minutes if no deposit is received. If payment is received after this period, the Application will be restored automatically, and the payout amount will be recalculated based on the rate at the time of payment receipt.
8.1. This Agreement is deemed concluded based on the public offer accepted by the User during the submission of the Application.
8.2. A public offer is any information displayed by cryptabar.com on the Service Website, including information displayed during the Application process.
8.3. Acceptance of the public offer is considered to be actions by the User confirming their intention to use the services of cryptabar.com under the terms described in this Agreement and specified in the Application.
8.4. The date and time of acceptance, as well as the conditions of the Application, are automatically recorded by cryptabar.com at the time of completing the Application.
8.5. The Agreement takes effect from the moment the User completes the Application. The User has the right to cancel the operation under the Application before the Transaction is paid for.
9.1. Cryptabar.com is financially liable to the User for the amount of funds or electronic assets entrusted to the Service to complete the Application.
9.2. Cryptabar.com is not responsible for malfunctions, errors, and failures in the operation of hardware and/or software ensuring the operation of the Service caused by reasons beyond its control, as well as for User's losses associated with this.
9.3. The Service provides exchange, purchase, and sale of electronic assets or electronic money. Cryptabar.com does not provide services for fund collection or payment for goods or services of other suppliers.
9.4. Cryptabar.com is not liable for losses incurred by the User as a result of unlawful actions of third parties.
9.5. Cryptabar.com is not responsible for delayed or unfulfilled Applications caused by errors of other Payment Systems or banks specified by the User in the Application.
9.6. The User is fully responsible for the accuracy and correctness of the data they provide when filling out the Application. If the User fails to provide or provides incorrect information, cryptabar.com is not liable for the User's losses resulting from such an error.
9.7. Information about the Transaction is stored in the Service's database and serves as the primary source to which the Parties refer in dispute situations.
9.8. The Parties are released from liability for full or partial failure to fulfill their obligations under the Agreement if such failure was caused by force majeure events that occurred after the Agreement took effect and were beyond the reasonable control of the Parties.
9.9. The Client must complete the transfer of funds within the allocated time specified in the Application. Ignoring this rule results in the loss of funds.
9.9.1. When transferring any fiat currency to a card provided by the operator of cryptabar.com, the Client must strictly follow the allocated time limit. The card is valid for only 30 minutes, after which it becomes inactive and is not linked to this exchange point!
10.1. The Service is obligated to refund Electronic Assets sent by the User to the Service's accounts only if the exchange did not occur, i.e., the User did not receive the Assets from the Service in their account, except in situations specified in clause 7.10 (failure to pass AML verification).
10.2. Refunds are made for the amount of the Electronic Asset sent by the User to the Service's accounts, minus the payment system's network commission and the difference in the coin/USDT exchange rate.
10.3. The Service begins refund actions only after the User contacts the Service's support team. This means that without a User request, the Service will take no action regarding a refund.
11.1. Cryptabar.com reserves the right to unilaterally amend the Agreement by publishing the changes on the System Website. The changes take effect upon publication unless a different effective date is specified.
11.2. Cryptabar.com reserves the right to refuse a User's Application without explanation.
11.3. If suspicious activity is detected during the Application process, the Service may suspend such operations to prevent losses due to hacking attacks until the reasons for the actions are clarified.
11.4. Cryptabar.com reserves the right to send Users emails regarding the status of the exchange process, as this is an integral part of successfully completing an exchange.
11.5. The Service may suspend the Website for technical maintenance. The User assumes the risks associated with the fact that they may not always have access to the services and Website of cryptabar.com or perform urgent transactions using their account.
11.6. Information about the User and their operations is stored on the server and cannot be deleted.
12.1. The exchange rate displayed on cryptabar.com is floating and is formed automatically based on current market conditions.
12.2. The specified exchange rate is not considered fixed until the actual receipt of payment from the User to the Service’s details.
12.3. The exchange rate is fixed only after confirmation that the funds have been credited to the Service’s account (wallet).
12.4. If the market rate changes between the creation of the order and the receipt of payment, the Service has the right to perform the exchange at the rate valid at the time of fixation.
12.5. The User acknowledges and agrees that exchange rate fluctuations are a normal market factor and cannot be grounds for claims against the Service.