Terms and Conditions

Welcome!

Welcome! Thank you for visiting fiat service, operated by MEXC Estonia OÜ (registration number: 14832615, Harju county, Tallinn, Kristiine district, Keemia Tn 4, 10616) in partnership with Checkout.com (“Checkout”), a UK-based international payments company. You hereby agree to this Terms and Conditions (the “Terms and Conditions”) by and between you and  MEXC Estonia OÜ, and agree to be legally bound by its terms and conditions, so please read them carefully. Please also note that there may be specific terms or conditions applicable to you as the user in a given jurisdiction, as detailed herein. If any term or condition of this Terms and Conditions is unacceptable to you, please do not visit, access, or use our services. Use of the words “we,” “us,” “the company” or “our” in this Terms and Conditions refers to MEXC Estonia OÜ and any or all of its affiliates.

Using our services

You hereby represent and affirm that you have the required legal capacity to enter into this Terms and Conditions by and between you and MEXC Estonia OÜ, and agree to be legally bound by the terms and conditions of this Terms and Conditions in their entirety. You agree and understand that by logging into your account or authenticating to our application programming interface (“API”) with your API key (“API Authenticating” or “API Authentication”) following any change to this Terms and Conditions, your login or API Authentication, as applicable, shall constitute your agreement to the amended Terms and Conditions by and between you and MEXC Estonia OÜ, and you agree to be legally bound by its terms and conditions as amended. Amongst others, this means that, if you log into your account or API Authenticate following an amendment to this Terms and Conditions, transactions that you or others have already undertaken, and benefits, such as trading fee discounts and rebates that you or others have earned, could be affected by the amended terms and conditions of this Terms and Conditions. You should, therefore, read this Terms and Conditions regularly. You agree and understand that we have the right to require your affirmative assent and continued acceptance of this Terms and Conditions, from time to time, as a condition of you accessing or using any  us Services (as defined below), logging into your account, or API Authenticating, as applicable. If you do not agree to be bound by this Terms and Conditions, you should not access or use any us Services, login to your account, or API Authenticate. Should you disagree to this Terms and Conditions (including any changes or amendments), please close your account in accordance with the Account Closure section.

In order to use our Services, you must first successfully provide the required identification information pursuant to our Bank Secrecy Act (“BSA”) and Anti-Money Laundering (“AML”) Compliance Program (collectively, our “BSA/AML Program”).

Please note that the section on Dispute Resolution contains an arbitration clause and class action waiver. By agreeing to this Terms and Conditions, you agree to resolve any dispute through binding individual arbitration, which means that you waive any right to have the dispute decided by a judge or jury, and you waive any right to participate in collective action, whether that be a class action, class arbitration, or representative action.

Please print and keep a copy of this Terms and Conditions, but do take note we reserve the right to change these terms and conditions at any time. A copy of the latest version of this Terms and Conditions would be available on this page.

Applicable Laws and Regulations

Your conduct on MEXC Estonia OÜ is subject to the laws, regulations, and rules of any applicable governmental or regulatory authority (the “Applicable Laws and Regulations”) including, but not limited to:

• MiFID II/MiFIR;
• Digital Markets Act (DMA);
• Laws, regulations, and rules of relevant tax authorities;
• Applicable regulations and guidance set forth by FSA;
• The Banking Law of Estonia.

You unequivocally agree and understand that by signing up for this fiat service, you hereby agree and undertake to act in compliance with and be legally bound by this Terms and Conditions as well as the Applicable Laws and Regulations. For the avoidance of doubt, the receipt of all trading fee discounts and rebates and continued use of your account is conditioned on continued adherence at all times to this Terms and Conditions and all Applicable Laws and Regulations. Your transactions, cooperation or any dispute with MEXC Estonia OÜ will be governed by Estonian law

Digital Assets

As used herein, “Digital Asset” means a digital asset (also called a “cryptocurrency,” “virtual currency,” “digital currency,” or “virtual commodity”), such as bitcoin or ether, which is a digital representation of value based on (or built on top of) a cryptographic protocol of a computer network.

Your Transaction

BY CLICKING THE BUTTON BELOW OR OTHERWISE USING CHECKOUT, YOU HEREBY AGREE NOT TO HOLD MEXC RESPONSIBLE FROM ANY DAMAGE RESULTING FROM ANY TRANSACTION, AND HEREBY AGREE NOT TO SEEK ANY REMEDY AGAINST MEXC WITH RESPECT TO THE TRANSACTION. MEXC HAS NO CONTROL OVER ANY TRANSACTION AND IS NOT ADVISED OF THE TRANSACTION TERMS; THEREFORE MEXC CANNOT MAKE AND DISCLAIMS ANY WARRANTIES REGARDING THE TRANSACTION, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES REGARDING THE FAIRNESS OF THE PRICING OF THE TRANSACTION.

You may purchase crypto using your bank card through a third party service offered by Checkout, subject to their terms of use at: https://www.checkout.com/legal/terms-and-policies or as may be separately posted or furnished by Checkout.

Transaction or series of transactions, pursuant to which the Company will immediately sell the Tokens to the general public in a publicized product launch. We will prompt delivery of crypto. User shall deliver, or cause to be delivered, the Purchase Amount to the Company. Payment of the Purchase Amount pursuant to the terms hereof is non-refundable and shall entitle the Purchaser only to the right to receive Tokens.

Prohibited Activity

MEXC Estonia OÜ does not permit the use of the platform for any prohibited activity in your account, including but not limited to: use on any dark market, ransomware, mixing service (i.e., a mixer or tumbler used to obscure the source of funds), or illegal activity that would violate, assist in violation of, or cause MEXC Estonia OÜ to violate any Applicable Laws and Regulations (as defined in the ‘Applicable Laws and Regulations’ section), or which would involve proceeds of any unlawful activity (collectively, “Prohibited Activity”);

You agree and understand that we have the right to immediately (i) suspend your account and any related account, (ii) freeze/lock the funds and assets in all such accounts, and (iii) suspend your access to MEXC Estonia OÜ, if we suspect, in our sole discretion, any such accounts to be in violation of our Prohibited Activity policy.

Money Passes

Neither you nor any related party shall prearrange the execution of transactions on MEXC Estonia OÜ for the purpose of passing money between accounts. All transactions executed on MEXC Estonia OÜ must be made in good faith for the purpose of executing bona fide transactions, and prearranged trades intended to effectuate a transfer of funds from one account to another are strictly prohibited.

Wallet

The user would be given private keys that identify it as belonging to the user. Public keys are similar to account usernames as it would be used to identify the wallet so that the user can receive tokens without revealing their identity. Private keys are similar to personal identification numbers and this would allow the user to access the wallet and check balances, initiate transactions, and more. If the user loses either of these keys, the wallet is effectively useless.

The user’s wallet’s crypto assets would be securely kept with MEXC in “hot” wallet, “cold” wallets and “warm” wallets. Transfer between hot and cold wallets are managed at the sole discretion of MEXC. Users who hold large amounts of cryptocurrency typically should not keep significant amounts of crypto in hot wallets.

The user is to inform us at once if there is suspicious activity on any wallet. We would not be responsible for any loss beyond its control.

Although we will attempt to deliver Digital Currency to you as promptly as possible, funds may be debited from your selected payment method before the status of your Digital Currency Transaction is shown as complete, and the Digital Currency is delivered to your Digital Currency Wallet.

Privacy of Information

You agree that the information contained in your User Account is only for you and that you will not cause others to access or rely upon it (other than your tax advisor or attorney, or as otherwise prescribed by law) without our prior Written Consent. We agree that we will keep such information confidential, subject to the following paragraph.

You acknowledge and agree to the collection, use, and disclosure of your personal information in accordance with MEXC Estonia OÜ’s Privacy Policy, which is incorporated into this Terms and Conditions by reference.

Anti-money Laundering

To meet regulatory requirements and to protect your assets, the Platform or the Payment Channels will verify your identity information and other documents. If you fail to complete verification as required by the Platform or the Payment Channels, you will not be able to use the Service, and the Platform or the Payment Channels shall have the right to impose restrictions on your account (including but not limited to blocking or deleting relevant services at any time without notice), and suspend, discontinue or even terminate the Service provided to you.

During your use of the Service, you shall make the following anti-money laundering commitments:

All of your assets are legal and safe assets of your own. There are no assets related to terrorist financing or money laundering crimes;

You shall not use the Platform or the Payment Channels to launder money to cover up the illegal source of your assets and obtain illegal profits; and you shall not use the Service for any illegal and criminal activities such as money laundering and terrorist financing, or provide financial support or disguised assistance for terrorist financing and money laundering.

In case of any suspicious change to your information,  we shall have the right to re-identify or re-verify your information, and shall, based on re-verification results, decide whether to continue to provide you with the Service or whether to impose restrictions on your account (including but not limited to blocking and deleting relevant services at any time without notice), and suspend, discontinue or even terminate the Service provided to you.

Account security

Please use the 2-factor authentication when logging in and keep your password safe.

You shall properly use and keep your account and login password, capital password, mobile phone number bound to your registration, and mobile phone verification code received by your mobile phone. You shall be fully responsible for any actions and consequences caused by using your account and login password, capital password and mobile phone verification code. When you find your platform account, login password, capital password or verification code is used by a third party without your authorization, or when there are other account security issues, you shall notify the Platform and the Payment Channels immediately and effectively, and the Platform and the Payment Channels shall have the right to take action on your request within a reasonable time, provided that the Platform or the Payment Channels shall not be liable for any consequences (including, but not limited to, any of your losses) that may have occurred prior to such action.

You shall not give, lend, rent, transfer or otherwise dispose of your account to others without the consent of the Platform or the Payment Channels.

You shall make your own judgment on the information you have access to while using the Service and shall bear all risks arising from the use of such information, including risks arising from reliance on the correctness, completeness or usefulness of such information. The Platform cannot and will not be liable for any loss or damage caused to you as a result of the foregoing risks.

Preventing Victim Assisted Fraud

To protect your financial security, we set up ID Confirmation Photo (IDCP) process for elderly or vulnerable people, if necessary, we may ask for you show your ID document and a handwritten note to confirm that you are aware of the purpose of your payment.

Although we use third party tools fight social engineering and device takeover fraud or imposter fraud, please double-check your account details and payee before making a payment to prevent fraud.

Miscellaneous

By agreeing to this Terms and conditions you acknowledge and agree that MEXC Estonia OÜ, in the interest of security, reserves the right to record all telephone conversations, internet conversations including chat, and any meetings between you and MEXC Estonia OÜ.

You furthermore agree that MEXC Estonia OÜ reserves the right to monitor your use of the Services on the website and that the resultant information may be used by MEXC Estonia OÜ for its internal business purposes.

Any claims arising from this Terms and conditions will be governed by and construed in accordance with the laws of Estonia and shall be subject to the exclusive jurisdiction of the Courts of Estonia.