Effective Date: 01-01-2021
Welcome to VinanceCoin.com ("Platform," "we," "our," or "us"), an advanced peer-to-peer (P2P) cryptocurrency exchange platform that connects buyers and sellers in a secure and efficient manner. By accessing or using VinanceCoin.com, you ("User" or "you") agree to comply with these Terms of Service ("Agreement" or "Terms").
This Agreement governs your use of VinanceCoin.com, including its services, features, content, and any other related tools (collectively, the "Services"). These Terms apply to all users of the Platform, whether registered or not, and whether trading on the Platform or simply accessing its content.
Please read these Terms carefully. If you do not agree to these Terms, you must immediately cease using the Platform.
To access and use the Services, you must meet the following eligibility criteria:
Age Requirement: You must be at least 18 years old or the legal age of majority in your jurisdiction.
Legal Capacity: You must be legally capable of entering into binding contracts and using the Platform in accordance with applicable law.
Geographic Restrictions: You must not be located in, or a resident of, any jurisdiction where the use of cryptocurrencies or the operation of P2P cryptocurrency exchanges is prohibited or restricted by law (including jurisdictions subject to economic sanctions or embargoes).
By using VinanceCoin.com, you represent and warrant that you meet the above eligibility requirements.
To use the Services, you must create an account on VinanceCoin.com. The registration process will require you to provide certain personal information, including but not limited to your full name, email address, and government-issued identification (for KYC purposes). You agree to:
Provide accurate, current, and complete information during the registration process.
Maintain and update your account information to keep it accurate and complete.
Choose a secure password and enable two-factor authentication (2FA) to enhance the security of your account.
Be fully responsible for all activities that occur under your account.
You must immediately notify us if you suspect any unauthorized access to or use of your account.
VinanceCoin.com offers the following services:
Peer-to-Peer Cryptocurrency Trading: The Platform enables users to buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), and others directly with one another.
Escrow Service: VinanceCoin.com provides an escrow service to secure funds during transactions. Cryptocurrency is held in escrow until the buyer confirms payment, and the seller confirms receipt of funds.
Trade Matching: Users can place buy and sell orders. The Platform will automatically match orders based on price and payment method preferences.
Dispute Resolution: If a dispute arises between buyers and sellers, VinanceCoin.com offers a dispute resolution mechanism to help resolve issues fairly and efficiently.
KYC/AML Compliance: To ensure compliance with international regulations, all users must complete Know Your Customer (KYC) verification before participating in certain transactions.
By using the Services, you agree to the following:
Compliance with Laws: You must comply with all applicable laws, regulations, and guidelines in your jurisdiction, including but not limited to anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Accurate Information: You agree to provide accurate, truthful, and up-to-date information to the Platform and to keep your account details accurate.
Responsible Trading: You agree to trade in a manner that is fair, ethical, and in compliance with the Platform's rules. You are responsible for all actions that occur under your account, including any transactions you initiate or accept.
Security: You are responsible for maintaining the security of your account. You must promptly notify us of any unauthorized access or suspicious activity related to your account.
No Fraudulent Activity: You shall not engage in fraudulent or illegal activities, including but not limited to identity theft, money laundering, phishing, market manipulation, or payment fraud.
Order Types: Users can place buy and sell orders with specified terms, including price, payment methods, and volume. The Platform offers limit orders, market orders, and other order types as available.
Escrow: When a trade is initiated, the cryptocurrency being traded is held in escrow until both parties confirm the transaction’s completion. The cryptocurrency is only released from escrow when both parties fulfill their obligations.
Payment: Users are responsible for agreeing to and fulfilling the payment terms of the trade. Payment methods include bank transfers, PayPal, cryptocurrencies, and other methods supported by the Platform.
Disputes: In case of a dispute, VinanceCoin.com will provide a dispute resolution service to resolve the issue based on the evidence provided by both parties. In the event of a chargeback, fraud, or other violations, we may take corrective actions, including account suspension or termination.
Cancellation: Users may cancel an order before it is matched with another user. If a trade is canceled after it has been matched, the user may be subject to penalties or fees.
VinanceCoin.com charges fees for various services provided through the Platform, which may include:
Trading Fees: A small fee is charged for each completed transaction, typically as a percentage of the trade amount. The exact fee structure is disclosed during the trade process.
Withdrawal Fees: Fees may apply when withdrawing cryptocurrencies to external wallets. These fees are based on the network conditions of the respective cryptocurrency.
Dispute Resolution Fees: In certain cases, a fee may be charged for dispute resolution services or order cancellations.
Other Fees: Additional fees may apply for certain features or services. All applicable fees will be clearly displayed during the transaction process.
VinanceCoin.com reserves the right to modify or update its fee structure at any time. Any changes will be communicated to users.
VinanceCoin.com supports a variety of payment methods for P2P transactions, including:
Bank Transfers (Domestic and International)
Cryptocurrency Transfers
Third-Party Payment Processors (e.g., PayPal, Skrill, Alipay)
Cash Payments (in-person or via escrow services)
Both the buyer and seller must agree on the payment method before initiating the transaction. All payments must be made in a legal and transparent manner.
We prioritize the security and privacy of our users. VinanceCoin.com uses industry-leading security measures, including:
Two-Factor Authentication (2FA): All users are encouraged to enable 2FA to protect their accounts.
Data Protection: We comply with data protection laws and use encryption to protect sensitive personal information.
Account Monitoring: We actively monitor accounts for suspicious activity, including attempts at fraud, account takeovers, or illegal activities.
You are responsible for maintaining the confidentiality of your login credentials and account information.
All content, trademarks, logos, and intellectual property associated with VinanceCoin.com, including software, are owned by VinanceCoin.com or its licensors. You are granted a limited, non-exclusive, non-transferable license to use the Platform for personal, non-commercial purposes.
You agree not to copy, reproduce, or distribute any of the Platform’s intellectual property without prior written consent from VinanceCoin.com.
To the fullest extent permitted by applicable law:
VinanceCoin.com is not responsible for any direct, indirect, incidental, special, consequential, or punitive damages arising from your use of the Platform, including loss of profits, data, or assets.
We are not liable for any loss or damage resulting from issues related to cryptocurrency transactions, including delays, errors, or issues on third-party payment processors.
The Platform is not responsible for any financial loss, market volatility, or loss of funds associated with cryptocurrency trading.
Arbitration: Any dispute, claim, or controversy arising out of or in connection with these Terms or your use of the Platform will be resolved through binding arbitration, in accordance with the arbitration rules of a recognized arbitration institution.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which VinanceCoin.com is registered, without regard to conflict of law principles.
Venue: Any legal action or dispute will take place in the courts of the jurisdiction in which the Platform is incorporated.
VinanceCoin.com reserves the right to suspend or terminate your access to the Platform at any time, for any reason, including but not limited to:
Violation of these Terms
Engaging in fraudulent or illegal activities
Non-compliance with KYC/AML requirements
User misconduct or abusive behavior
Upon termination, your access to the Platform will be revoked, and any pending transactions will be completed or canceled,