Terms of Service

Last Updated: January 25, 2025

1. Acceptance of Terms

By accessing or using the BiTraider mobile application and related services (collectively, the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you may not use the Service.

2. Description of Service

BiTraider is a cryptocurrency transaction facilitation platform that connects users with independent service agents who provide assistance with cryptocurrency purchases and education. BiTraider does not provide investment advice, financial planning services, or act as a broker-dealer.

2.1 Service Components

3. Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts to use this Service. By using the Service, you represent and warrant that you meet these eligibility requirements.

4. Account Registration and Security

4.1 Account Creation

To use certain features of the Service, you must create an account. You agree to:

4.2 Identity Verification (KYC)

We are required by law to verify your identity. You agree to provide government-issued identification and other documentation as requested for Know Your Customer (KYC) compliance.

5. Agent Network and Commissions

5.1 Independent Agents

BiTraider connects users with independent service agents who assist with cryptocurrency transactions. These agents are independent contractors, not employees of BiTraider. Agents provide:

5.2 Agent Compensation

Agents earn commissions for providing transaction facilitation services. Commission structure:

5.3 No Agent Guarantee

BiTraider does not guarantee the quality, reliability, or performance of any independent agent. You acknowledge that agents operate independently and BiTraider is not liable for their actions or advice.

6. Fees and Payments

6.1 Service Fees

BiTraider charges fees for facilitating cryptocurrency transactions. All fees will be disclosed clearly before you complete any transaction. Fees may include:

6.2 Third-Party Exchange Fees

Cryptocurrency purchases are executed through third-party exchanges. These exchanges may charge additional trading fees beyond BiTraider's service fees.

6.3 Payment Methods

We accept payment via:

7. Cryptocurrency Risks

7.1 Investment Risk

IMPORTANT: Cryptocurrency investments are highly volatile and risky. You may lose some or all of your investment. BiTraider does not provide investment advice. You are solely responsible for your investment decisions.

7.2 Market Volatility

Cryptocurrency prices can fluctuate dramatically within short periods. The value of your holdings may decrease significantly at any time.

7.3 Regulatory Risk

Cryptocurrency regulations vary by jurisdiction and may change. Regulatory actions could adversely affect your ability to hold, transfer, or sell cryptocurrency.

7.4 Security Risks

Despite security measures, cryptocurrency wallets and transactions may be vulnerable to hacking, theft, or loss. You are responsible for maintaining the security of your private keys and wallet credentials.

8. Wallet Custody and Control

8.1 Non-Custodial Service

BiTraider provides a non-custodial wallet solution. This means:

8.2 Recovery Phrase

When you create a wallet, you will receive a recovery phrase. You must:

9. Prohibited Activities

You agree not to:

10. Anti-Money Laundering (AML) and Compliance

10.1 AML Compliance

BiTraider complies with applicable AML and counter-terrorist financing regulations. We reserve the right to:

10.2 Transaction Monitoring

We monitor transactions for suspicious activity. Unusual transaction patterns may trigger additional verification requirements or account restrictions.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

BiTraider, its officers, directors, employees, and agents SHALL NOT BE LIABLE FOR:

IN NO EVENT SHALL BiTraider'S TOTAL LIABILITY EXCEED THE AMOUNT OF FEES YOU PAID TO BiTraider IN THE SIX (6) MONTHS PRECEDING THE CLAIM.

12. Indemnification

You agree to indemnify, defend, and hold harmless BiTraider and its affiliates from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from:

13. Termination

13.1 Termination by You

You may terminate your account at any time by contacting admin@boneyard.io. You remain responsible for any fees incurred before termination.

13.2 Termination by BiTraider

We may suspend or terminate your account immediately if:

14. Dispute Resolution and Arbitration

14.1 Binding Arbitration

Any dispute arising from these Terms or the Service shall be resolved through binding arbitration, except for disputes that may be brought in small claims court.

14.2 Class Action Waiver

You agree to resolve disputes with BiTraider on an individual basis and waive any right to participate in class action lawsuits or class-wide arbitration.

15. Governing Law

These Terms are governed by the laws of the United States and the state in which BiTraider is incorporated, without regard to conflict of law principles.

16. Changes to Terms

BiTraider reserves the right to modify these Terms at any time. We will notify you of material changes via email or through the Service. Continued use of the Service after changes constitutes acceptance of the updated Terms.

17. Privacy

Your use of the Service is also governed by our Privacy Policy, which is incorporated into these Terms by reference.

18. Contact Information

For questions about these Terms, please contact us at:

Email: admin@boneyard.io
Legal/Compliance: compliance@boneyard.io

19. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions shall remain in full force and effect.

20. Entire Agreement

These Terms, together with the Privacy Policy and AML Policy, constitute the entire agreement between you and BiTraider regarding the Service.

By using BiTraider, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.