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Terms and Conditions

OVERVIEW

  • Operacoinexchange allows buyers and sellers to buy and sell opera coin in exchange for Bitcoin.
  • Our service is open to world nationals above the age of 18 years. In any case, you affirm that you are over the age of 18 as the Site is not intended for anyone under 18. If you are under 18 years of age, do not use the Site.
  • To use our service you must agree and comply with the Terms and Conditions as described on this page. If you do not accept the Terms and Conditions as per this agreement, you are not allowed to use operacoinexchange and any of our related services.

1. Market Place Liability

Some items in the operacoinexchange may be illegal in your country. state or jurisdiction, use at your own risk.

You will not hold operacoinexchange responsible for other users' actions or inactions. You acknowledge that operacoinexchange is not a broker. operacoinexchange is a service to allow anyone to offer, sell, and buy items at any time. We are not involved in the actual transaction between Buyers and Sellers. We have no control over and do not guarantee the quality, safety or legality of items advertised, the truth or accuracy of listings, the ability of Sellers to sell items, the ability of Buyers to pay for items, the timeliness of deliveries, or that a Buyer or Seller will actually complete a transaction. We do not transfer legal ownership of items from the Seller to the Buyer. Unless the Buyer and the Seller agree otherwise, the Buyer will become the item’s lawful owner upon physical receipt of the item from the Seller.

2. ACCOUNT AND INITIAL FUNDING, THIRD PARTY TRANSFERS

In order to access and use the Services, you must register an account with Operacoinexchange (an “Registration”). You agree to: (a) provide accurate, current and complete information when registering the Account; (b) maintain and promptly update your Account information to keep it accurate, complete, and current; (c) maintain the security and confidentiality of your login credentials and restrict access to your Account and your computer, tablet, or mobile device; (d) promptly notify operacoinexchange if you discover or otherwise suspect any security breaches related to the Site or your Account; and (e) take responsibility for all activities that occur under your Account and accept all risks of unauthorized access.

You must provide operacoinexchange with a valid email address to register an Account. You agree to keep your email address on file with us updated. You may withdraw your consent to receive emails by sending a withdrawal notice to operacoinexchange, understanding that operacoinexchange may suspend or terminate your ability to use the Services. You understand and agree that operacoinexchange sends you an electronic communication but you do not receive it because your email address on file is incorrect or out of date, or because our email is blocked by your service provider or intercepted by your spam filter, or you are otherwise unable to receive electronic communications, operacoinexchange will be deemed to have provided the communication to you regardless.

operacoinexchange does not allow Users to exchange coins for money, Users can only exchange coins for other coins. In order to fund your Account and begin trading, you will need to first procure coins. Once procured, you must send coins to the address provided by operacoinexchange and wait for the balance to appear in your Account. It is your responsibility to ensure you send coins to the correct address provided for that particular coin, else your funds may never be recovered. operacoinexchange makes no representations or warranties regarding the amount of time that may be required to complete transfer of your coins from a third party wallet or other source and have such coins become available in your Account.

When you elect to transfer coins from your Account to a third party wallet or other location, it is always possible the party administering the new location may reject your transfer or that the transfer may fail due to technical or other issues affecting our platform. You agree that you shall not hold operacoinexchange liable for any damages arising from a rejected transfer.

operacoinexchange reserves the right to limit the number of Accounts that any User or such User’s affiliates can open or hold.

3. EXCHANGE ORDERS AND TRADES

Authorization- When you submit a new exchange order via the Services, you authorize us to execute a transaction in accordance with such order on a spot basis and charge you any applicable fees (as described in Section 8 below).

Independent relationship- You agree that: (a) we are not acting as your broker, intermediary, agent, or advisor, or in any fiduciary capacity, and (b) no communication or information provided to you by us shall be considered or construed as advice.

Trade confirmation- Before a trade is placed, a confirmation dialogue summarizes the details of the proposed transaction, including the number of coins you are trying to buy or sell, the price, the applicable fees, and the total cost of the transaction. Once the Services execute your exchange transaction, your account’s order book will be updated with either the open trade request, or a closed order that was fulfilled. You agree that the failure of the Services to provide such confirmation shall not prejudice or invalidate the terms of such trade.

Market volatility- You agree that we are not liable for any price fluctuations in Virtual Currency. In the event of a market disruption or Force Majeure Event, we may do one or more of the following: (a) suspend access to the Services; or (b) prevent you from completing any actions via the Services, including closing any open positions. We will not be liable for any losses suffered by you resulting from such actions. Following any such event, when exchange transactions resume, you acknowledge that prevailing market rates may differ significantly from the rates available prior to such event.

Exchange Settlement. Subject to the terms and conditions in these Terms, we will use commercially reasonable efforts to settle exchanges on a spot basis within two days of the date upon which users have agreed to execute an exchange via the Services.

4. PRIVACY POLICY

Your privacy is important to us. We only share your information with third parties as outlined in our Privacy Policy or as required to do so by law enforcement, court order and in compliance with identity verification or legal reporting obligations in operacoinexchange’s sole judgment.

5. LIABILITY

To the extent permitted by law, operacoinexchange will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered arising from negligence or willful deceit or fraud by operacoinexchange.

Subject to the foregoing, the aggregate liability shall, in no circumstances, exceed the greater of either the total amount held on the account by a user making the claim or the amount of the transaction that is the subject of the claim.

6. INDEMNITY

As a user, you agree to indemnify operacoinexchange and its partners, against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your usage of operacoinexchange, or from your violation of these Terms and Conditions.

7. RISKS

As a user of operacoinexchange, you understand the following:

A crypto coin has historically been a highly volatile asset.

As such, investing and speculating in crypto coins involves significant risk. It is your sole responsibility to assess whether you can manage the risk associated with trading in crypto coins.

The existence of crypto coins as currency is dependent on the protocol/ecosystem/network the crypto coin is based on.

Should the protocol and/or network for some reason cease to exist, be interrupted, prohibited, or otherwise blocked, this will significantly affect the usage and value of crypto coins.

There may also be additional risks and uncertainties that have not been mentioned in these Terms and Conditions. Please understand the implications of trading in crypto coins before register.

Trading Tokens can be extremely risky. Each particular coin has a unique feature set that makes it more or less likely to fluctuate in value. In addition, factors beyond operacoinexchange’s control may affect market liquidity for a particular coin, such as regulatory activity, market manipulation, or unexplainable price volatility. Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons. operacoinexchange does not assume the risk of losses due to trading or due to factors beyond its control regarding the viability of specific blockchain networks. As a general matter, we advise Users with limited trading experience and low risk tolerance not to engage in active trading. Speculating on the value of coins is high risk and Users should never trade more than they can afford to lose.

8. THIRD PARTY CONTENT

Operacoinexchange and its Users may provide third party content on the Site and may provide links to web pages and content that are not owned or controlled by Operacoinexchange (collectively the "Third Party Content") as a service to those interested in this information. Operacoinexchange does not control, endorse, or adopt any Third Party Content and makes no representation or warranties of any kind regarding the Third Party Content, including but not limited to its accuracy or completeness. You acknowledge and agree that Operacoinexchange is not responsible or liable in any manner for any Third Party Content and undertakes no responsibility to update or review any Third Party Content. You acknowledge that your use of such Third Party Content is at your own risk. Your business dealings or correspondence with or participation in promotions of any third parties and any terms, conditions, warranties or representations associated with such dealings or promotions are solely between you and such third parties. Operacoinexchange is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or promotions or as the result of the presence of such Third Party Content on the Site.

9. ATTACKS ON BLOCKCHAIN NETWORKS

operacoinecxchange does not have any ability to prevent or mitigate attacks on blockchain networks. With respect to its platform, operacoinecxchange reserves the right to take the following commercially reasonable actions in the event of an attack: (i) If operacoinecxchange is able to confirm that a coin active on the Platform has been compromised or is under attack, operacoinecxchange may immediately halt trading, deposits, and withdrawals for such coin; (ii) if it is determined that such an attack caused the coin to greatly decrease in value, operacoinecxchange may discontinue trade activity on such coin entirely. operacoinecxchange does not have any obligation to engage in activity in relation to attacks on blockchain networks.

Resolutions concerning deposits, withdrawals, and User balances for an attacked coin will be determined on a case-by-case basis by operacoinecxchange in its sole discretion. operacoinecxchange makes no representation and does not warrant the safety of the Platform and is not liable for any lost value or stolen property, whether or not operacoinecxchange was negligent in providing the proper security.

10. OWNERSHIP OF COINS

You hereby certify to us that any coins used by you in connection with the Platform are either owned by you or that you are validly authorized to carry out transactions using such coins, and that all transactions initiated with your Account are for your own Account and not on behalf of any other person or entity.

11. MODIFICATION OF TERMS

Operacoinexchange reserves the right to change, add or remove portions of these Terms and Conditions at any time in an exercise of its sole discretion.

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