# Service terms Welcome to the EXBIT platform. This service provision (hereinafter referred to as “the Article”) applies to all acts of accessing, registering, logging in or using the web site, mobile applications, interface services and related product functions (collectively referred to as “platform services”). This article is concluded by the operator of the Platform (hereinafter referred to as “EXBIT” or “we”) and the registered users of the Platform (hereinafter referred to as “user” or “you”) and constitutes a legally binding agreement between the Parties. In addition to the text of this article, the Platform publishes from time to time: Product rules Risk disclosure documents Cost criteria Privacy statements Proclamations and special agreements These articles form an integral part and have the same legal effect as the articles. When you: Registered accounts Login Platform Browse the website Use any service function Consider that you have: Read this article Understanding this provision Acceptance of the present articles in their entirety The entry into force of the present articles is confirmed. The Platform has the right to amend the provisions of this article as a result of regulatory changes, business developments or risk control needs. Once published, the modified agreement may become effective. You will continue to use platform services as an acceptance of relevant updates. If you do not agree to the amendment, the platform service should be discontinued. Chapter I Risk disclosure statement Transactions of digital assets and related derivatives are highly risky and not suitable for all users. You should know: The price of digital assets may fluctuate sharply due to the following factors: Changes in market supply and demand Liquidity change Policy adjustments Technological events on the chain Macroeconomic factors Third-party service risk and could result in a loss of the entire principal. Some products (e.g., leverage, contracts or derivatives) have higher risks than ordinary spot transactions, which may result in forced scalability or additional losses due to price fluctuations. Users should base themselves on: Financial capacity Investment experience Risk tolerance Independent determination of the suitability of the relevant product for participation. The platform is not: Brokers Trustee. Investment Adviser Finance Adviser The information, data, research or communication content provided by the Platform does not constitute an investment proposal. Any transaction decision is made by the user and the consequences are borne independently. Chapter II Except as otherwise required by the context, the following terms in this article have the following meaning: 2\1 Platform account is the main account, sub-account or other functional account opened by the user at EXBIT and maintained by the Platform. 2\2 Account vouchers Means all authentication tools used to identify users and access accounts, including, but not limited to: Username Password Dual Authentication Tool API Key Security tokens 2\3 Digital assets is a value vehicle based on the presence of distributed book technology that can be stored, transferred or traded electronically, including: Encryption Currency Stable currency Currencyization interest NFT (if applicable) 2\4 Platform services For products and services provided to users, including but not limited to: Cash transactions Contract transactions Host function Data services Wallet service Other future online functions 2\5 Related parties is the subject of control, joint control or significant association with EXBIT. Chapter III User access conditions 3\1 Eligibility requirements Before using Platform services, you declare and promise: In the case of natural persons: 18 years old. Full civilian capacity Right to sign and implement the present articles independently For institutional users: Has been established by law and continues legally Fully authorized access to Platform services The right to accept this provision on behalf of that entity 3\2 Geographical limitation You have confirmed that you are not a user of a jurisdiction where the Platform limits its services. The Platform has the authority to base itself on: Laws and regulations Sanctions requirements Risk control considerations Limiting the use of all or part of the services by users in a given area. 3\3 Statement of sanctions and compliance You declare: Neither I nor the parties involved belong to: Sanctions list Subjects related to terrorist financing High-risk restricted subjects The platform service will not be used for illegal purposes. 3\4 Commitments on account authenticity Users should ensure that information is submitted: Real Complete Correct Sustained If information changes, it should be updated in a timely manner. The Platform has the authority to validate the authenticity of the information and to request additional information as appropriate. Chapter IV Opening and management of accounts 4\1 Application for opening account Platform registration does not automatically mean that an account application is automatically approved. EXBIT Reserve autonomy: Accept opening account Refuse to open accounts Set conditionalities Right. 4\2 Account security liability Users should secure the account vouchers and be held accountable for all operations under the account. This includes, but is not limited to: Next Deal Request for withdrawal API Command Security Settings Changes Losses due to password leaks, equipment out of control or third-party use of accounts are borne by the user, unless otherwise provided by law. 4\3 Platform control measures The Platform may impose restrictions when: Suspicious activities Risk events Compliance investigations Security anomaly Measures include: Restriction of transactions Freezing of accounts Delayed cash withdrawal Suspension of services No prior notice is required. 4\4 Identification requirements Based on regulatory requirements, the Platform may implement for users: KYC authentication Clients do their best. Enhanced review (EDD) When users refuse to cooperate, the platform has the right to limit services. Chapter V General obligations of users During their use of the platform, users should: Compliance with applicable laws and regulations Compliance with Platform rules No market manipulation. Not engaging in money-laundering or illegal activities Without prejudice to platform or other user interests Users must not circumvent Platform rules through multiple accounts or exploit system loopholes for profit. In violation of the aforementioned obligations, the Platform is entitled to: Account Limit Recovery of proceeds Termination of service Legal accountability Chapter VI. Statement of services of the Platform 6\1 Nature of services EXBIT Provide to users is a platform for technical services related to digital assets to support user access, management and use of related product functions. Platform services may include, but are not limited to: Cash transaction services Derivatives and contractual services Digital asset recharge and extraction function Wallet and Account Management Tool Data, API and technology interface services Other future product functions of the Platform EXBIT may, on the basis of operational arrangements, decide to add, adjust, suspend or remove any service functions without the need to ensure the continued availability of all functions. 6\2 Availability of services User understands and accepts: Platform services may be affected by: System upgrade maintenance Network communication anomaly. Extreme market volatility Third-party service failure Force majeure event In such cases, the platform may: Interrupted service Delayed implementation Data update lag Order processing anomaly The Platform will take measures to mitigate impacts within reasonable limits, but will not guarantee uninterrupted service. 6\3 Third party services Platform services may rely on third-party support, including: Banks and payment agencies Area chain network Host service provider Cloud services and technology providers Users are aware that third-party service risks may affect Platform service outcomes. Losses due to third-party causes place the liability of the Platform within the applicable law. Chapter VII. Transaction rules 7\\.1 The principle of user autonomy All transaction instructions are made by the user. User confirmation: The transaction is performed on its own judgement and assumes the resulting gains, losses and other risks. The Platform does not provide any assurance about the outcome of the transaction. h.2 Order enforcement mechanisms When the user submits the order, the conclusion of the order depends on: Market liquidity Price changes Compromising the situation. Risk control rules The platform does not guarantee: All orders must be settled. The transaction price is exactly the same as expected. Orders are not affected by slide points h.3 spot transactions In spot transactions, the user completes the transaction by exchange between digital assets. The order may be made by: Price limits Market Mode Other types of commission supported by the Platform Implementation. The deal follows the Platform's set-up mechanism and the principles of price priority and time priority. Contract and derivatives trade\*\* Users who participate in leverage or derivative products should understand additionally: The product may involve: Guarantee requirements Forced silo mechanism Automatic silo reduction mechanism Funding rate mechanism The leverage will be magnified simultaneously: Potential proceeds Potential losses Extreme market conditions may result in the loss of all bonds. The Platform has the right to adjust to risk control needs: Leverage multiples Space Limit Bond parameters No prior user consent is required. Risk control measures\*\* In order to maintain market stability and the security of user assets, the Platform may adopt risk management measures, including: Time out. Adjusting transaction parameters Temporary restrictions on transactions Trigger protection mechanisms Users understand this type of measure as a normal risk control arrangement. Chapter VIII. Cost criteria and tax liability 8\1 Service costs Users ' use of platform services may entail associated costs, including, but not limited to: Transaction charges Disbursement charges Financing or financial costs Other product fees Specific rates are based on the platform ' s rules for real-time publication. The Platform may adjust the rates. / 8\2 Deduction authorization The user-authorized platform may deduct the dues directly from the account assets. The Platform has the authority to take the necessary measures if the account assets are insufficient to cover the costs involved. / 8\3 Tax liability Users are responsible for all tax obligations arising from the use of Platform services, including, but not limited to: Income tax Capital gains tax Value added tax or similar taxes and charges The platform is not responsible for tax declarations or associated tax liabilities on behalf of users. The platform does not provide: Tax opinions Legal opinion Accounting recommendations Users should seek their own professional advice. Chapter IX Filling and extraction 9\1 Full value When users transfer digital assets to the platform, they should ensure that: Address correct. Network Match Complete information The loss of assets as a result of the error of the user is at the expense of the user. 9\2 Cash withdrawal The platform could be based on: Security clearances Compliance requirements Risk control Application for withdrawal: Delayed processing Limit enforcement Request for Additional Authentication The Platform reserves the right to reject requests for abnormal withdrawals. 9\3 Block chain risk Users understand the digital asset transfer dependencies chain network. Delays or losses due to chain congestion, forks, nodal anomalies, etc., are not entirely controlled by the platform. Chapter X. Retention of rights on the Platform EXBIT Reservations at its discretion: Revision of product rules Adjusting transaction parameters Lower specific assets Termination of a product service Right. If the Platform considers that a digital asset exists: Compliance risk Security risks Liquidity risk The platform may restrict or terminate support for related transactions. The continued use of Platform services by users is considered to be the acceptance of the relevant adjustments. Chapter XI Rules of prohibition 11\1 Principle of lawful use Users may only use EXBIT for legitimate purposes and may not use the Platform for any activity that violates laws, regulations or rules of the Platform Users may not directly or indirectly commit, but not limited to: (a) Illegal funds activities Including: Money-laundering Terrorist financing Illegal payment settlement Transfer of proceeds of fraud Other illicit funds activities (b) Market misconduct This includes, but is not limited to: False Trading Yeah. High or low prices Layering Inducing abnormal fluctuations in market prices Other market manipulations (c) Systemic abuse It shall not: Harnessing system loopholes for profit Unauthorized access to platform systems Conduct reptiles, attacks or data grabs Interrupt the platform to function. (d) Avoidance of regulation or rules Passable: Multi-account arrangements Agency arrangements Structured transactions Avoidance of platform restrictions, compliance requirements or controls. Treatment of suspicious acts\*\* If the Platform reasonably suspects the existence of the above-mentioned behaviour of the user, it has the right to take measures at its own discretion, including: Limit account functionality Assets freeze Undo unusual transactions Termination of service relationship Reporting to regulatory or law enforcement agencies when necessary. The Platform does not incur liability to users for taking relevant measures. Chapter XII User statements and assurances Users continue to state and assure the Platform that: 12\1 Guarantees of legal origin The funds and assets used by the users for trading or depositing with the Platform are of legal origin and do not involve the proceeds of offences. 12\2 Non-violation of commitments Users will not use the platform: Violation of applicable law Violations against third parties Fraud or misconduct 12\3 Information authenticity The identity information, transaction information and description provided by the user is true and complete, and there are no significant omissions or misdirections. The Platform has the right to take restrictive measures if the user ' s statement mentioned above is incorrect. Chapter XIII Limitations of liability 13\1 Services “as is” Unless otherwise specified by law, platform services are provided in accordance with the “status quo” and “existing availability”. The platform does not provide any explicit or implied assurance, including but not limited to: Sustained. No error running Meeting user-specific purposes 13\2 Non-platform control risks The Platform shall not be liable for losses caused by: Market price volatility User decision error Block chain network failure Interrupted third-party services Hacker attacks or force majeure incidents 13\3 Limitations on the scope of responsibility To the extent permitted by applicable law, the liability of the platform to users shall be limited to: The amount actually paid to the Platform by the users for the services, if any. Platform does not: Indirect loss Loss of profits Loss of opportunity Data losses Loss of expected income Chapter XIV. User liability Liability\*\* If the user breaks: Article Laws and regulations Rights of third parties The user is liable for the loss, claim, investigation or punishment of the platform. The scope of reparation includes, but is not limited to: Actual losses Investigation costs Cost of supervision and punishment of lawyers ' fees \+ 2 in effect\*\* This compensation obligation shall remain in force after the termination of the account. ] Chapter XV Platform exoneration clause 15\1 Exemption from liability for transaction losses User confirmation: The transaction gains and losses in digital assets are borne entirely by the users themselves. The platform is wrong: Investment losses Blast damage High market volatility losses Take responsibility. 15\2 System incident exoneration The platform is not liable for: System upgrade interrupted Communications failure Delay in price data Combination Unusual Extreme protection mechanisms triggered 15\3 Exemption from liability for compliance measures Because the platform is based on regulations, sanctions or AML requirements: Freeze Review Limits Report The impact of the measures does not hold the Platform accountable. 15\4 Force majeure If the Platform is unable to perform due to force majeure, including: War. Policy ban Cyber-disaster Natural disasters Large-scale cyber attacks The platform is exempt from liability. Special risk alert User further confirms: Digital asset markets may exist: Extreme fluctuations Loss of liquidity Market disruption Systemic risks Related losses may exceed initial inputs. Users should bear such risks independently. Chapter XVI Service restrictions, suspension and termination nick 1 Users may apply for closure of accounts and termination of service in accordance with Platform rules. But users understand: The application for closure of the account does not automatically exempt from being created before the closure: Transaction liability Obligation to pay Liability Compliance obligations Before closing the account, the user should complete: Unfinished order processing Outstanding charges Asset extraction arrangements (if applicable) km.2 Platform has been actively restricted or suspended\*\* EXBIT has the right to impose restrictions or suspensions on accounts without prior notice on reasonable grounds. Trigger situations include, but are not limited to: Users violate this provision Unusual transactions Incidents involving security risks Compliance review requirements Judicial or regulatory requirements Restrictions may include: Pause login privileges Limit transaction function Delayed or denied cash withdrawal Freezing of account assets Termination of some or all services The platform's power of termination\*\* The Platform has the right to terminate service relationships with users at its own discretion. After termination, the platform may: Write-off accounts Termination of service delivery Addressing unfinished business However, it is subject to the applicable law. End-of-life clause\*\* Even if the service relationship ceases, the following provisions remain in force: Limitations on liability Obligation to make reparation Dispute resolution Tax liability compliance obligations Chapter XVII Applicable law 17\1 Applicable law Except as otherwise provided by mandatory law, the formation, interpretation, performance and resolution of disputes of this provision shall be governed by an agreement appointing the law of the jurisdiction. If the law of the user's location confers additional mandatory protection, this article is not excluded. 17\2 Separability If any of these articles is found to be null and void, unlawful or unenforceable: Without prejudice to the effect of other provisions Continued effective implementation of the remaining provisions 17\3 No abstentions Failure by the platform to immediately exercise a right does not constitute a waiver of that right. Any waiver of the Platform ' s rights shall be expressly made in writing Chapter XVIII Dispute resolution mechanism 18\1 Priority consultations In the event of a dispute arising out of this provision or the services of the Platform, the parties shall first resolve the dispute by friendly negotiation. Users may first dispute through the Platform ' s guest services or complaint channels. The platform will reasonably try to handle it. 18\2 Organization of arbitration If the negotiations are unsuccessful, the dispute shall be referred to an agreed arbitration body for resolution in accordance with its arbitration rules. Arbitration shall: Hearing by a single arbitrator or by a rules-based arbitral tribunal Decision final and binding Except as prohibited by applicable law: Users agree to waive claims through class actions. 18\3 Emergency relief Notwithstanding an arbitration agreement, the Platform may apply to a competent court: Ban relief. Property preservation Interim measures of protection To protect legitimate interests. Chapter XIX. Other articles 19\1 Integrity of the agreement Together with: Risk disclosure Privacy statements Platform rules Special product agreements It constitutes a complete agreement between the parties. and replace any previous representations or arrangements on similar matters 19\2 Transfer by agreement Users may not assign rights and obligations under this article without the written consent of the Platform. The platform may transfer rights and obligations under the agreement to the related party or successor subject under reasonable circumstances. 19\3 Method of notification The Platform may notify users by: Official network announcement Station announcement Mail Messages Other electronic means of communication Notification is deemed to have been delivered after it has been sent. 19\4 Treaty language This article may be available in multiple languages. If there are differences of interpretation: Based on the English version (except as indicated by the Platform). 19\5 Amendments to the Agreement The Platform has the right to modify this article from time to time. The update will take effect once the platform is released. Users continue to use the service and are considered to accept the revisions. If not, use of platform services should be discontinued Final risk statement User further confirms: Transactions of digital assets may have significant financial risks and even lead to total losses. The involvement of the user in any transaction is based on an independent judgement and carries all the associated risks. The platform does not guarantee: Profit results Market table product applicability --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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