Acceptance of Terms
1.1 Acceptance of Terms
By using this Website and its Services, you confirm that you have read, understood, and agreed to these Terms of Use, both for yourself and any entity you represent. The term "person" here refers to any natural or legal entity, whether acting individually, as a trustee, or otherwise. If you do not agree with these terms, you must discontinue your use of the Website and its Services.
1.2 Modifications to Terms and Website
The Company reserves the right to update or modify these Terms of Use at any time without prior notice. Changes take effect immediately upon being posted on the Website. You are encouraged to review this page periodically for updates. If you do not accept the revised terms, you must stop using the Website. Continued use after changes are made signifies your acceptance of the new terms. The Company may also modify or discontinue any part of the Website or its Services without notice, including features, fees, or content.
1.3 Supplemental Agreements
These Terms of Use are in addition to any other agreements between you or the entities you represent and the Company. If a conflict arises between these Terms and another agreement, these Terms govern your use of the Website and Services.
Risk Warning
2.1 Cryptocurrency Risks
Trading and holding cryptocurrencies carry substantial risks. You should assess whether this activity is suitable for you, considering your financial situation. Cryptocurrency prices can experience extreme fluctuations.
2.2 Past Performance
Information about the historical performance of cryptocurrencies does not guarantee future outcomes. Market volatility and other factors can cause investments to rise or fall.
2.3 Security Risks
Cryptocurrency trading may be subject to risks such as hacking, regulatory changes, and other vulnerabilities.
2.4 Informational Use Only
The information provided on this Website is for personal use only and should not be regarded as investment advice.
2.5 No Investment Advice
Ifinlab does not offer any form of investment advice. All trading decisions are your responsibility, and Ifinlab is not liable for any losses incurred.
2.6 Consult Professionals
If you are unsure about an investment or financial decision, seek advice from a professional.
Registration and Account Responsibilities
3.1 Age Requirement
You must be at least 18 years old to register for an account.
3.2 One Account Per Person
Ensure your registration details are up-to-date.
3.3 Email Access
It is your responsibility to maintain access to the email associated with your account, as it is used for communication.
3.4 Account Security
You must not impersonate others, share your password, allow others to use your account, or use someone else's account.
3.5 Account Responsibility
You are responsible for all activity occurring under your account and for reporting any unauthorized use.
3.6 Access Limitations
We may restrict access to certain parts of the Website to registered users.
3.7 Confidentiality of Credentials
Do not share your login details. Ifinlab may disable accounts if these terms are violated.
Identity Verification
4.1 KYC and EDD Compliance
Ifinlab follows strict standards for customer verification to prevent fraud.
4.2 Synchronization Deposit
Liquidation account holders must provide a synchronization deposit, which will be returned as part of the verification process.
4.3 Account Restrictions and Terminations
Ifinlab may limit or close accounts due to additional verification needs or false information.
4.4 Account Limitations
Multiple accounts may be restricted, and users must ensure their account security.
Exchange
5.1 Use at Your Own Risk
The Ifinlab Exchange is intended for experienced users and may not be available in all regions.
5.2 Ifinlab’s Rights
Ifinlab can limit or deny trades and impose conditions without prior notice.
5.3 Acknowledgment of Risks
Using the Ifinlab Exchange involves inherent risks, including potential technical issues affecting trades.
Transactions
6.1 Transaction Refusal
Ifinlab may refuse transactions for various reasons, such as legal restrictions or payment issues.
6.2 Adjustments for Refused Transactions
Funds from refused transactions may be acquired by Ifinlab and returned, minus applicable costs.
6.3 Account Freezing
Under certain conditions, Ifinlab may freeze accounts and hold funds.
6.4 Debt Responsibility
You are liable for any losses on canceled transactions.
6.5 No Profit on Terminated Transactions
Ifinlab will not pay profits on transactions that have been terminated.
6.6 Interest on Unpaid Sums
Interest may accrue on any overdue amounts.
6.7 Written Explanation for Refusal
A detailed explanation will be provided if a transaction is refused or terminated.
Fees
7.1 Fee Structure
You are responsible for all fees related to trades made through our services, as specified in the Fee Schedule, which is subject to updates.
7.2 Third-Party Fees
External accounts may impose additional fees not reflected on our transaction screens.
7.3 Collection Costs
If fees or other amounts are unpaid, collection fees may be applied.
Security
8.1 Security Responsibility
You are primarily responsible for securing your Ifinlab Account.
8.2 Risks of Poor Security
Inadequate security may result in unauthorized access and potential losses.
8.3 Security Threats
Your account may be vulnerable to various cyber threats.
8.4 Authentication
Always verify the authenticity of any communications from Ifinlab.
8.5 Country and Exchange Restrictions
Certain countries and exchanges may be restricted, requiring synchronization with an additional wallet.
8.6 Private Key Ownership
Ifinlab retains control of the private keys associated with your account.
8.7 Private Key Use Limitations
Ifinlab will not perform actions requiring private key signatures and does not provide access to funds tied to private keys unless specified.
Service Availability
9.1 No Guarantee of Continuous Service
Ifinlab does not guarantee uninterrupted access to its services or accounts.
Cryptocurrency Network Transactions
10.1 Network Responsibility
Transactions using your Ifinlab Account depend on external cryptocurrency networks for processing and confirmation.
10.2 Transaction Conditions
Transactions are not considered final until they are confirmed by the network.
10.3 Network Operations Disclaimer
Ifinlab is not responsible for the operation or maintenance of cryptocurrency network software.
Special Conditions
11.1 Compliance with International Regulations
Your use of the Ifinlab Site must adhere to applicable sanctions and export control laws.
11.2 Restricted Use
Users under certain sanctions may be prohibited from using Ifinlab Accounts.
Premium Account
12.1 Upgrading to Premium
A specific deposit is required to upgrade your account to premium status.
12.2 Premium Benefits
Premium accounts provide enhanced services, such as faster withdrawals, advanced trading tools, and exclusive trading pairs.
12.3 Premium Status Requirement
Users with certain account conditions must have premium status to enable withdrawals and transfers.
12.4 Maintaining Premium Status
Minimum transaction volumes are required to maintain or upgrade premium status.
Account Closure
13.1 Account Closure Request
You can request to close your account via the Help Centre after meeting specific conditions.
13.2 Consequences of Closure
Once closed, access to your account is terminated, and Ifinlab may retain any remaining funds.
Restriction, Suspension, and Termination
14.1 Reasons for Restriction
Ifinlab may restrict or terminate accounts for reasons such as suspected errors, fraud, or regulatory concerns.
14.2 Notification of Restrictions
Ifinlab will make efforts to inform you of any restrictions unless prohibited by law.
14.3 Termination Procedure
Upon termination, your cryptocurrency will be liquidated and the funds transferred to your local currency wallet.
14.4 Manual Withdrawals
Ifinlab may manually process withdrawals for certain accounts under specific conditions.
Changes to Terms
We may modify these Terms at any time. If any changes affect your rights, we will inform you and request your acknowledgment.
Prohibited Activities
15.1 Restrictions on Use
You cannot use your Ifinlab Account for illegal activities, fraud, or other prohibited actions.
15.2 Prohibited Businesses
Without written approval from Ifinlab, your account cannot be used for certain high-risk business activities.
15.3 Actions for Violations
Ifinlab reserves the right to restrict or close accounts involved in prohibited activities.
Disclaimer of Warranties
16.1 "As-Is" Basis
The Ifinlab Site and Services are provided on an "as-is" basis without any warranties, whether express or implied.
16.2 Consumer Rights
Certain disclaimers may not apply depending on local consumer protection laws.
Limitation of Liability
17.1 Limitation of Liability
Ifinlab, its affiliates, and their representatives will not be liable for any damages arising from your use of the Website or Services, including losses due to reliance on Ifinlab's information or errors.
17.2 Maximum Liability
Ifinlab's total liability for any claims related to your use of the Website or Account is limited to the fees you paid to Ifinlab within the last six months. Some jurisdictions do not allow exclusions or limitations, so certain limitations may not apply.
Disputes
18.1 Notice of Dispute
You and Ifinlab agree to notify each other of any disputes within 30 days and attempt informal resolution before pursuing legal action.
18.2 Governing Law
This agreement is governed by Maltese law, and disputes will be resolved in Maltese courts, unless otherwise required by applicable law. However, Ifinlab retains the right to bring claims in any relevant jurisdiction.
Miscellaneous
19.1 Force Majeure
Ifinlab is not responsible for events outside its control, such as natural disasters, war, or actions of third parties.
19.2 Entire Agreement
These Terms are the complete and exclusive agreement between you and Ifinlab.
19.3 Amendments
Ifinlab reserves the right to amend these Terms, with changes taking effect as soon as they are posted.
19.4 Waiver
Failure to enforce any part of these Terms does not waive the rights of Ifinlab.
19.5 Severability
If any provision is found invalid, the remaining provisions remain in full effect.