Terms and Conditions


BlueBit.io is owned by BlueBit Ltd, a company incorporated in St Vincent and Grenadines and is governed by the laws within this jurisdiction.

If you deposit funds to the wrong address, BlueBit is not responsible for any losses and if we do not generally support the deposited token or method, we may be unable to recover it at all.  If the funds are recoverable--e.g., sending an ERC20 token to your ETH address or USDT to your BTC address--we can try to recover the funds. Doing so is not guaranteed and might take up to a week. We may also charge a fee for recovery. Similarly, sending ETH via as mart contract to BlueBit may not be automatically credited, and may take time to recover.

 

BlueSparrow is the exchange token of the BlueBit ecosystem. BlueBit does not permit self trades executed in order to manipulate markets, reported statistics, or cause liquidations.  Doing so is a violation of the BlueBit terms of service and may result in account closure.

 

To ensure account security, please set up Two-Factor Authentication (2FA) for your BlueBit account immediately. Our platform will not be responsible for any losses for accounts whose credentials are breached.

 

If a user has a Line of Credit from BlueBit, their own funds will always be considered to have been spent first from an ownership perspective; if you are below your line of credit you cannot withdraw.

 

If you are registering to use the Services as an individual, you must be at least 18years of age, and you must not have previously been suspended or removed from the exchange or any other service or product offered by BlueBit Ltd or its affiliate entities, to enter into this Agreement.

 

If BlueBit has evidence that an account is violating the terms of service, BlueBit reserves the right to shut down the account and, except in cases of suspected violations of our Anti Money Laundering (AML) policy or other similar concerns about the source of wealth or malicious market manipulation, return funds to the user.

 

Note that, among other things, BlueBit does not guarantee the right to trade. While BlueBit will take all reasonable methods to ensure that accounts do not receive any unwanted fills outside of our standard liquidation procedures, risk engine,and the terms of service, BlueBit does not as a matter of principle have any obligation to honor people's desires for trades to have occurred that didn't.

 

Even though we strive to provide accurate and timely information on the BlueBit site, we do not guarantee that the BlueBit site (including, without limitation,the Content) is completely accurate, current, or error-free. The information regarding our policies, products, and services may be changed or updated from time to time without notice to provide you with as much accurate and up-to-date information as possible. It is therefore important that you verify all information prior to relying on it, and we are not responsible for any decisions you make based on information on the BlueBit Site. The data provided by third parties, such as historical price and supply data for Digital Assets,is for informational purposes only, and BlueBit makes no representations as to its accuracy. Links to third-party materials (including without limitation websites) may be provided as a convenience but are not controlled by us. You acknowledge and agree that we are not responsible for any aspect of the information, content, or services contained in any third-party materials or on any third-party sites accessible or linked to the BlueBit Site.

 

 

 

General Provisions

 

  1. Entire Agreement. This Agreement, the Privacy Policy, incorporated by reference herein comprise the entire understanding and agreement between you and   BlueBit as to the subject matter hereof, and supersedes any and all prior discussions, agreements and understandings of any kind (including without     limitation any prior versions of this Agreement), between you and BlueBit. Section headings in this Agreement are for convenience only and shall not  govern the meaning or interpretation of any provision of this Agreement.

 

  1. Assignment. We reserve the right to assign our rights without restriction, including without limitation to any BlueBit affiliates or subsidiaries, or to any     successor in interest of any business associated with the BlueBit Services. In the event that BlueBit is acquired by or merged with a third-party entity, we reserve the right, in any of these circumstances, to transfer  or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control. You may not assign any rights and/or licences granted under this Agreement. Any attempted  transfer or assignment by you in violation hereof shall be null and void. Subject to the foregoing, this Agreement will bind and inure to the benefit of the parties, their successors and permitted assigns.

 

  1. Severability. Any provision of this Agreement that is determined to be invalid or unenforceable by any local, state, or federal government agency shall be     changed and interpreted so as to achieve the objectives of the provision to the maximum extent permitted by applicable law, while the validity or     enforceability of any other provision of this Agreement will not be affected.

 

  1. Survival. All provisions of this Agreement which by their nature extend beyond the termination or expiration of this Agreement, including, without limitation, sections pertaining to suspension or termination, cancellation of BlueBit Accounts, debt owing to BlueBit, general use of the BlueBit Site, and disputes with BlueBit, shall survive termination or expiration of this Agreement.

 

  1. Governing Law. You agree that the laws of St Vincent and the Grenadines, without regard to principles of conflict of laws, will govern this Agreement and any Dispute, except to the extent governed by federal law in SVG.

 

  1. Force Majeure. We shall not be liable for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, significant market volatility, act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, pandemic, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforce ability of any remaining provisions.

 

  1. Non-Waiver of Rights. You may not waive any rights under applicable law, including money transmission laws in the state where you are located, by accepting   this Agreement. If we do not insist or enforce strict compliance with any provision of this Agreement or if we do not exercise any right under this Agreement, this will not be construed as a waiver or a relinquishment of our rights to assert or rely on any such provision or right in that or any other instance.

 

  1. Relationship of the Parties. BlueBit is an independent contractor for all purposes. You are not authorized to act as BlueBit's agent, nor is anything in this     Agreement intended to create or operate as a partnership between you and  BlueBit.

 

 

IN NO EVENT SHALL BlueBit, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS,DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES OR REPRESENTATIVES, BE LIABLE (I)FOR ANY AMOUNT GREATER THAN THE VALUE OF THE SUPPORTED DIGITAL ASSETS ON DEPOSIT IN YOUR BlueBit ACCOUNT(S) AT THE TIME OF THE EVENT OR CIRCUMSTANCE GIVING RISE TO YOUR CLAIM OR (II) FOR ANY LOST PROFITS, LOSS OF GOODWILL OR REPUTATION, LOSS OF DATA, DIMINUTION IN VALUE OR BUSINESS OPPORTUNITY, ANY LOSS, DAMAGE, CORRUPTION OR BREACH OF DATA OR ANY OTHER INTANGIBLE PROPERTY OR ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES,WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE,ARISING OUT OF OR IN CONNECTION WITH ANY USE OF THE BlueBit SITE OR THE BlueBit SERVICES, OR THIS AGREEMENT, EVEN IF BlueBit HAS BEEN ADVISED OF OR KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE, EXCEPT TO THE EXTENT OF A FINAL JUDICIAL DETERMINATION THAT SUCH DAMAGES WERE A RESULT OF BlueBit’S GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT OR INTENTIONAL VIOLATION OF LAW. THIS MEANS, BY WAY OF EXAMPLE ONLY (AND WITHOUT LIMITING THE SCOPE OF THE PRECEDING SENTENCE), THAT IF YOU CLAIM THAT BlueBit FAILED TO PROCESS A BUYOR SELL TRANSACTION PROPERLY, YOUR DAMAGES ARE LIMITED TO NO MORE THAN THE LESSER OF THE VALUE OF THE SUPPORTED DIGITAL ASSETS AT ISSUE IN THE TRANSACTION OR THE TOTAL VALUE OF THE SUPPORTED DIGITAL ASSETS ON DEPOSIT IN YOUR BlueBit ACCOUNT(S), AND THAT YOU MAY NOT RECOVER FOR LOST PROFITS, LOST BUSINESS OPPORTUNITIES, DIMINUTION IN VALUE OR OTHER TYPES OF SPECIAL, INCIDENTAL,INDIRECT, INTANGIBLE, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
THE BlueBit SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, BlueBit SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. BlueBit DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE BlueBit SITE, ANY PART OF THE BlueBit SERVICES,OR ANY OF THE MATERIALS CONTAINED THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY,OR ERROR-FREE. BlueBit DOES NOT GUARANTEE THAT ANY ORDER WILL BE EXECUTED,ACCEPTED, RECORDED OR REMAIN OPEN. EXCEPT FOR THE EXPRESS STATEMENTS SET FORT HIN THIS AGREEMENT, YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE NOT RELIED UP ON ANY OTHER STATEMENT OR UNDERSTANDING, WHETHER WRITTEN OR ORAL, WITH RESPECT TO YOUR USE AND ACCESS OF THE BlueBit SERVICES AND BlueBit SITE.WITHOUT LIMITING THE FOREGOING, YOU HEREBY UNDERSTAND AND AGREE THAT BlueBit WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO: (I)ANY INACCURACY, DEFECT OR OMISSION OF DIGITAL ASSET PRICE DATA, OR ANY ERROR,DELAY OR INTERRUPTION IN THE TRANSMISSION OF SUCH DATA; (II) VIRUSES OR OTHER MALICIOUS SOFTWARE OBTAINED BY ACCESSING OUR WEBSITES, SOFTWARE, SYSTEM SO PERATED BY US OR ON OUR BEHALF OR ANY OF THE BlueBit SERVICES OR ANY WEBSITE OR SERVICE LINKED TO OUR WEBSITE; (III) GLITCHES, BUGS, ERRORS, OR IN ACCURACIES OF ANY KIND IN OUR WEBSITES, SOFTWARE, SYSTEMS OPERATED BY US OR ON OUR BEHALF OR ANY OF THE BlueBit SERVICES; OR (IV) A SUSPENSION OR OTHER ACTION TAKEN WITH RESPECT TO YOUR BlueBit ACCOUNT.