BW is a cryptocurrency and digital asset exchange platform oriented to the future. Its operating website is https://www.BW.com (referred as “this website” or “website” hereinafter). This website is a platform which enables users to have digital asset trades and offers related services (referred as “the service(s)” or “service(s)” hereinafter). For the convenience of expression herein, the company and the website together will be referred as “we” or other first person expressions in the agreement. All natural persons and other entities who log in the website are users of the website. For the convenience of expression herein, users will be referred as “you” or other second person expressions in the agreement. For the convenience of expression herein, we and you together will be referred as “both parties” with you or us as “one party”.
Here we kindly call your attention to the following items:
1 Digital assets are not endorsed by any financial institution or government. The digital asset market is brand new, and there is no clear and stable expectation;
2 Digital asset trading is highly risky. The trading is continuous throughout the day without limits on rise and fall and the prices are in wild fluctuation;
3 Digital asset trading might be suspended or banned due to implementation or modification of laws, regulations and rules in any country or region.
Digital asset trading is not suitable for the majority of people due to its high risk. You are well-noted and understand that this investment might lead to losses in full or partially, so you should decide the amount of investment according to your tolerance for losses. Please confirm you are well-noted and understand that digital asset might bring derivative risks. In addition to risks mentioned above, there are also unpredictable risks. Before making any decisions to buy in or sell out digital assets, you should think carefully, evaluate your financial status and different risks above with clear judgement abilities and assume all losses incurred therefrom. We will not assume any responsibilities thereof.
1.1 Before using any services provided by the website, you should carefully read this agreement. If anything is unclear or for other necessary reasons, please consult professional lawyers. If you disagree with this agreement and/or modifications at any time, please stop using any services provided by the website or logging in the website. If you log in the website, use any services provided therein, or conduct other acts, it represents that you have noted and fully agreed with all contents in the agreement, including any modifications to the agreement by the website at any time.
1.2 You can fill in related information and go through other processes to successfully register as a member of the website (referred as “member” hereinafter) according to the requirements of the website. During registration, clicking on the button “agree” represents that you sign the agreement with the company through electronic signature, or clicking on any button with “agree” thereon or with similar meanings represents you are well-noted, agree and accept to be bound by all terms herein and without your written signature will not influence the binding.
1.3 After you have registered as a member, you will acquire an account and a password. The account and password should be kept by the member. Member shall be held responsible for all actions and events under this account.
1.4 By registering and using any services and features provided by this website, you will be deemed to have read, understood and:
1.4.1 accepted to be bound by all terms and conditions in the agreement.
1.4.2 confirmed you have reached the legal age for contract signature according to different applicable laws and are fully capable to accept the terms.
1.4.3 guaranteed that all your digital assets involved in trades are obtained and possessed legally.
1.4.4 agreed to assume all responsibilities, earnings or losses incurred from your trading acts or non-trading acts.
1.4.5 confirmed all provided information at registration are authentic and accurate.
1.4.6 agreed to follow any laws and regulations, including to report any trade profits per taxation laws.
1.4.7 the agreement only serves as a binding on rights and obligations between you and us and does not involve legal relationship and disputes incurred from digital assets trades between users of the website or between you and other websites.
We reserve the right to modify the agreement with announcement on the website and without separate notification to you. The time of modification will be marked on the first page of the modified agreement which will be affective upon the announcement on the website. You should browse the website on a regular basis and be aware of modification time and updated contents of the agreement. If you disagree with the modifications, you should stop using any services provided by the website; continuing using any services provided by the website represents that you accept and agree to be bound by the modified agreement.
You confirm and guarantee that: when you complete registration procedures or use any services provided by the website in other ways allowed, you are a natural person, legal person or other organization who(which) is capable to sign the agreement and use services provided by the website according to applicable laws. Once you click on the button to agree to register, it represents that you or your authorized attorney has agreed with terms in the agreement and your authorized attorney will register on the website and use services thereon on your behalf. If you do not possess the qualifications as a main body as above, you and your authorized attorney should assume any results incurred therefrom and the company will reserve the right to cancel or permanently freeze your account and to pursue liabilities from you and your authorized attorney.
You confirm and guarantee that: your registration at the website is not for the objective of violating laws and regulations or undermine the order of digital asset trading on the website.
3.3.1 You agree to provide effective email address, mobile phone numbers and other information according to the requirements stated on the registration page of the website. You can log in the website with your provided or confirmed email address and mobile phone numbers or in other ways allowed. If necessary, you must provide your authentic name, ID card number or other information required by privacy policies, anti-money laundering laws and other laws and regulations and update your information on a regular basis to comply with the requirements on timeliness, concreteness and accuracy. All originally input information will be deemed as the information for registration. You should be responsible for authenticity, completeness and accuracy of all information and assume any direct or indirect losses or any unfavorable results incurred therefrom.
3.3.2 If it is required to register your mobile phone numbers with your authentic name according to laws, regulations, rules, acts or other norms in the sovereign state or region you are located in, you agree that the mobile phone numbers for registration on the website have been registered with your authentic name. Otherwise, you should assume any direct or indirect losses or any unfavorable results incurred therefrom.
3.3.3 After providing all required information in compliance with laws and in completeness and going through verification process, you are entitled to obtain an account and its passwords on the website which will be deemed as a successful registration. You can log in the website with the account and passwords.
3.3.4 You agree to receive emails and/or messages related to management and operation of the website sent by the website.
The website offers Internet trading platform services for your digital asset trading (including but not limited to digital asset trading and other services) on the website only. The website does not involve digital asset trading as a buyer or seller.
4.1.1 You are entitled to view the real-time market price and transaction details of diverse digital asset products on the website and submit digital asset trade requests on the website to complete digital asset transactions.
4.1.2 You are entitled to participate in the events organized by the website according to the rules announced on the website.
4.1.3 The website guarantees other services for you.
You guarantees to follow the rules of services on the website as follows：
4.2.1 You should comply with laws, regulations, rules and policies and ensure legitimacy of the source of all digital assets. You should not undergo any illegal activities, or any activities that would undermine interests of the website or any third party, on or with the website, such as sending or receiving any messages against laws, regulations or interests of others, sending or receiving any materials for pyramid sales or any harmful messages or speeches, or using or faking emails in the title of the website without authorization of the website.
4.2.2 You should use your account on the website, log-in passwords, asset passwords, the mobile phone numbers for registration, and verification codes sent to your mobile phone in compliance with laws and regulations and keep them safe. You should assume all responsibilities for all operations and results with your account on the website, log-in passwords, and verification codes sent to your mobile phone. When you find account on the website, log-in passwords, or verification codes sent to your mobile phone used by any unauthorized third party, or any other security problems, you should inform the website in an effective way and request the website to stop providing services to your account. The website is entitled to take actions per your request within reasonable time, but the website will not assume any responsibilities for any results before the actions (including but not limited to your any losses). Without the approval of the website, you should not lend, lease, transfer or give your account to others.
4.2.3 You agree to assume responsibilities for all activities with your account and passwords (including but not limited to information exposure, information announcement, clicking to agree on the website, submitting diverse agreements, renewal of agreements online, purchase of services, etc.).
4.2.4 You should not disturb and undermine normal operation of digital asset trading when you have digital asset trades on the website; you should not disturb normal operation of the website or interfere with other users’ use of the website in any technological methods or other methods; you should not destroy the reputation of the website by faking facts and in other ways.
4.2.5 If you have disputes with other uses due to online trading, you should not request the website to provide related information unless through judicial or administrative methods.
4.2.6 You should solely assume all due taxes and all costs for hardware, software, services and other aspects incurred during your use of any services on the website.
4.2.7 You should comply with the agreement, which will be subject to irregular announcement and update by the website, and other service policies and operation rules, and are entitled to stop using the services provided by the website at any time.
4.3.1 Rules of products for cryptocurrency
You guarantee to comply with following transaction rules when you log in the website and have cryptocurrency transactions with other users on the website.
When you view cryptocurrency transaction information on the website, you should carefully read all contents included therein, including but not limited to prices, authorization amounts, handling fees, buy-in or sell-out directions and click the button to proceed your transaction only when you fully accept all contents included in the transaction information.
After confirming details of your transaction, you can submit trading authorization. Your submission represents that you authorize the website to coordinate your transaction on your behalf. The website will automatically coordinate the transaction at the price of your authorization without advanced notification to you.
You can view and confirm the transaction records in the section of transaction details in management center.
220.127.116.11 Cancellation/ Modifications of authorization. Before the authorized transaction is completed, you are entitled to cancel or modify the authorization.
5.1 If you are not qualified to register as stated in the agreement, the website is entitled to reject your registration. For registered users, the website is entitled to cancel your member account and reserves the right to pursue liabilities of you or your authorized attorney. Meanwhile, the website reserves the right to decide whether to approve your registration at any other situations.
5.2 When the website finds the actual account user is not the original account registrant, the website is entitled to suspend or stop the use of the account.
5.3 When the website has reasonable doubts on accuracy, authenticity, validity or completeness of your provided information by technological testing, manual random testing or other methods, the website is entitled to inform you to revise and update the information, or suspend or stop providing services to you.
5.4 The website is entitled to correct any explicit errors of any information revealed on the website.
5.5 The website reserves the right to modify, suspend or stop service offering at any time without advanced notification to you; the termination of any service(s) will be effective from the date when the website announces.
5.6 The website should take necessary technological and management measures to ensure normal operation of the website and provide necessary and reliable trading environment and trading services to keep digital asset trading in order.
5.7 The website guarantees the security of your digital assets by measures, such as increasing investment in technologies and improving security protection, and is obliged to inform you when your account has predictable risks.
5.8 The website is entitled to request you to provide more information or materials and take reasonable measures according to laws, regulations, rules, acts and other norms in the sovereign state or region you are located in and you are obliged to support related works; the website is entitled to suspend or stop opening all or partial services to you according to laws, regulations, rules, acts and other norms in the sovereign state or region you are located in.
6.1 In any cases, our compensation for your direct losses will not exceed the total costs for using the services on the website for three (3) months.
6.2 In the event that you violates the agreement or other laws and regulations, you should give us compensation of no less than 2 million US dollars and pay for all costs incurred therefrom (including attorney fees, etc.). If the compensation does not offset the actual losses, you should give additional compensation.
The both parties admit that relief measures for defaults or possible defaults according to common laws might not offset all our losses, so the non-violating party is entitled to seek for injunctive relief and all other remedial measures allowed by common laws or equity in the event of defaults or possible defaults.
8.1 You understand and agree that we will not assume responsibilities for following items in any case:
8.1.1 Losses of earnings;
8.1.2 Losses of transaction profits or contracts;
8.1.3 Suspension of business;
8.1.4 Losses of expectedly savable cryptocurrency;
8.1.5 Losses of information;
8.1.6 Losses of opportunities, reputation or credits;
8.1.7 Damage or losses of data;
8.1.8 Costs of purchase of alternative products or services;
8.1.9 Any direct, special or incidental damage or losses due to infringement (including unpremeditated infringement), default or any other reasons, no matter whether the damage or losses are predictable and whether we are informed of the possibilities of the damage or losses.
8.1.1-8.1.9 are independent terms.
8.2 You understand and agree that we will not give compensation for your losses in following cases：
8.2.1 We think your transaction might involve significant violation against laws or contracts with reasonable reasons.
8.2.2 We think your act on the website involves significant violation against laws or contracts with reasonable reasons.
8.2.3 Costs and losses incurred from purchase or acquisition of any data or information, or any other transactions through services on the website.
8.2.4 Your misunderstanding of services on the website.
8.2.5 Any other losses related to the services on the website that are not incurred for reasons on our side.
8.3 We will not assume any responsibilities for failure or delay of service delivery and your losses incurred therefrom due to maintenance of information network equipment, faults of information network connection, faults of computer, communication or other systems, power supply breakdown, unfavorable weathers, accidents, strikes, labor disputes, riots, uprising, chaos, lack of productivity or production materials, fire, flood, storm, explosions, wars, reasons of banks or other cooperation parties, breakdown of digital asset market, governmental acts, judicial or administrative requests, acts beyond our control or our capability of control, or any reasons from any third party.
8.4 We do not guarantee all information, programs, and texts on the website are completely secure and free of damage and interference of any viruses, trojan horse and malicious programs, so your log-in, use of any services, download and use of any programs, information and data are your personal decision and you should assume risks and any possible losses incurred therefrom.
8.5 We do not make any commitment for any information, products and business of any third party website linked to the website, and any contents in any form that are not possessed by our main body. Your use of any services, information and products provided by any third party website are your personal decision and you should assume risks and any possible losses incurred therefrom.
8.6 We will not make any explicit or implicit commitment for your use of any services on the website, including but not limited to applicability of services on the website, mistakes or omissions, continuity, accuracy, reliability and applicability for any specific use. Meanwhile, we will not make any commitment for validity, accuracy, correctness, reliability, quality, stability, completeness and timeliness of technologies and information involved in services provided by the website. Whether to log in the website or to use services on the website are your personal decision and you should assume risks and any possible losses incurred therefrom. We will not make any explicit or implicit commitment for digital asset market, values and prices. You are well-noted and understand that digital asset market is not stable and the prices and values will fluctuate or collapse dramatically. Digital asset trading is your personal decision and you should assume risks and any possible losses incurred therefrom.
8.7 Our commitment stated in the agreement is the only warranty and representation we make for the agreement and services provided in the website and replaces any warranty and commitment made in other ways and methods, written or verbal, explicit or implicit. All warranty and representations represents our warranty and commitment solely and do not serve as a warranty and commitment that any third party will follow the agreement.
8.8 We do not abandon any rights enjoy restriction, exemption or offset of our compensation responsibilities in the largest applicable scope according to laws which are not mentioned in the agreement though.
8.9 Your registration represents that you agree with any operation we make according to terms herein and you should assume all risks incurred therefrom.
9.1 The website is entitled to cancel your account according to the agreement and the agreement will terminate at the date of cancellation.
9.2 The website is entitled to terminate all services on the services according to the agreement and the agreement will terminate at the date of the termination of services.
9.3 After termination of the agreement, you are not entitled to request the website to provide any services or perform any obligations, including but not limited to request the website to reserve or expose any information of the original account, and send you or any third party any unread or sent messages.
9.4 Termination of the agreement does not influence the observant party to request the violating party to assume other responsibilities.
10.1 All intellectual outcomes on the website including but not limited to intellectual properties of website icons, databases, website design, text and diagrams, software, photos, recordings, musics, audios and their combinations, software compilation, related source codes and software (including mini programs and scripts) are owned by the website. You should not copy, modify, send, or use any materials or contents mentioned above for commercial purposes.
10.2 All rights included in the website name (including but not limited to reputation, trademarks, and icons) are owned by the company.
10.3 Your acceptance of the agreement represents that you transfer the copyright of any information you publish in any form, including but not limited to the right of reproduction, publishing, leasing, exhibiting, performing, screening, broadcasting, communication in information networks, production, adaptation, translation, and compilation, and other transferable rights due to the copyright owner to the website free of charge. The agreement is effective for any works you release on the website that are subject to protection by copyright laws, whether before or after the signature of the agreement.
10.4 During your use of services on the website, you should not use or dispose the intellectual property rights of the website or others. You should not publish any information that have been published on the website in any form or authorize other websites (media) to use the published information.
10.5 Your log-in or use of any services on the website is not deemed as our transfer of any copyright to you.
If any terms in the agreement are deemed as non-executable, ineffective or illegal by any courts with jurisdiction, this will not influence effectiveness of other terms in the agreement.
Any terms in the agreement are not deemed as representing or implying us as your agent, authorized attorney or other representatives unless otherwise specified in the agreement.
Our or your waiver of any default responsibilities or other responsibilities stated in the agreement will not be deemed as or explain the waiver of other default responsibilities; not performing any rights or relieves will not be deemed as the waiver of equivalent rights or relieves.
All titles are chosen only for the convenience of expression and do not expand or restrict contents or scopes of terms herein.
12.1 The agreement is effective upon your clicking the button to agree with registration, completing registration process and acquisition of an account and its password on the website. The agreement is binding both the website and you.
12.2 The right of final interpretation of the agreement is owned by the website.
12.3 This agreement is only valid for users who are non-US citizenship. If you agree this agreement, it is indicated that you are non-US citizens.