Terms of Service

The following Terms & Conditions shall apply to the relationship between bid4bit, all subsidiaries of bid4bit , and www.bid4bit.io ("bid4bit"), and the end user ("You" or "Your"). By accessing bid4bit website found at https://bid4bit.io, through a mobile device, mobile application or computer You accept these Terms & Conditions (this “Agreement”), as well as the manner in which bid4bit operates. These Terms & Conditions constitute the entire agreement between bid4bit and You and supersede and replace all prior commitments, undertakings or representations, whether written or oral, between You and bid4bit with respect of Your use of bid4bit. If You wish to create an account and make use of the Service, please read these Terms of Use.

You should also read the Privacy Policy, which is incorporated by reference into this Agreement and available in the Service (https://bid4bit.io/privacy.php). If You do not accept and agree to be bound by all of the terms of this Agreement, including the Privacy Policy, do not use the bid4bit Service. bid4bit is operated by the company bid4bit.

As is typical with auctions, bid4bit cannot guarantee that You will be the winner of any individual auction or that the final price in any auction will be a tremendous discount. Sometimes bidding can be very competitive, and the competition tends to grow as the products become more valuable or sought after.

If You have any questions, concerns, or comments about our Terms & Conditions, please email us at hello@bid4bit.io.

1-) Acceptance of Terms of Use Agreement.

This Agreement is an electronic contract that establishes the legally binding terms You must accept to use the bid4bit Service. By accessing or using the bid4bit Service, You accept this Agreement and agree to the terms, conditions and notices contained or referenced herein and consent to have this Agreement and all notices provided to You in electronic form. To withdraw this consent, You must cease using the bid4bit Service and terminate Your account. This Agreement may be modified from time to time, such modifications to be effective upon posting in the bid4bit Service. No part of the bid4bit Service is directed to persons under the age of 18. You must be at least 18 years of age to access and use the bid4bit Service. By accessing and using the bid4bit Service, You represent and warrant that You have the right, authority and capacity to enter into this Agreement and to abide by all of the terms and conditions of this Agreement. Using the bid4bit Service may be prohibited or restricted in certain countries. If You use the bid4bit Service, You are responsible for complying with the laws and regulations of the territory from which You access or use the bid4bit Service.

2-) Creating an Account

In order to use the bid4bit services, You must register a user account. During the registration process, we will ask You to provide us with essential personal information such as Your full name, email address, contact address, as well as any other information deemed relevant by us. Such as Your Facebook or Twitter profile (consistent with Your privacy settings in the same), Your email address, interests, likes, gender, birthday, education history, relationship interests, current city, photos, personal description. For more information regarding the information we collect from You and how we use it, please consult our Privacy Policy.

It is vital that You provide us with only accurate and honest registration information. We will disable the account of any user that we discover to have provided wrong or false information.

You are permitted to only operate one bid4bit account. You are fully responsible for maintaining the confidentiality of Your bid4bit account login information and are completely responsible for all activities that occur under Your account. It would be best if You did not permit a third party to use Your account. If You permit others to use Your bid4bit account credentials, You are responsible for such users’ activities that occur in connection with Your bid4bit account. You will not add or attempt to add any other person’s account information to Your bid4bit account, use or attempt to use another user’s account without authorization from that user and us or impersonate or post on behalf of any person or entity or otherwise mispresent Your affiliation with a person or entity.

You agree to immediately notify bid4bit of any unauthorized use or suspected unauthorized use of Your bid4bit account or any other breach of security. bid4bit cannot and will not be liable for any loss or damage arising from Your failure to comply with the above requirements. You are required to comply with the applicable law, legislation, regulations, and rules in Your country of residence or any other jurisdiction applicable to You. You may delete Your bid4bit account at any time, for any reason, by following the instructions on the bid4bit website. bid4bit may suspend or terminate Your bid4bit account if necessary.

bid4bit products and services are offered exclusively to private users and not to commercial or semi-commercial retailers.

There is a limit to one account per household/ip address. If you are operating more than one account, your account(s) will be closed and all bids and or wins will be deemed null and void.

You may not participate in collusion with other users. bid4bit reserves the right to permanently close the accounts of users suspected of collusion. If Your account has been closed due to suspicion of collusion, You will no longer be entitled to refunds for Your purchases on bid4bit. bid4bit takes collusion very seriously as it is harmful to the customer experience; it is continuously monitored and not tolerated. bid4bit defines collusion as two or more user accounts working together in an auction. Failure to comply with these policies can result in disabled accounts and canceled orders.

3-) Account Security

You are responsible for maintaining the confidentiality of the username, email and password You designate during the registration process, and You are solely responsible for all activities that occur under Your username and password. You agree to immediately notify the bid4bit of any disclosure or unauthorized use of Your username or password or any other breach of security and ensure that You log out from Your account at the end of each session.

bid4bit will never ask for Your password except during login. You should never provide Your password to anyone, including bid4bit' employees. User accounts are non-transferable. Only You may use Your user account.

4-) Prohibited Activities

bid4bit reserves the right to investigate, suspend and/or terminate Your account if You have misused the bid4bit services or behaved in a way the bid4bit services regards as inappropriate or unlawful.

5-) Taxes

You are responsible for determining all taxes assessed, incurred, or required to be collected, paid, or withheld, in connection with Your use of the bid4bit services. You are solely responsible for collecting, withholding, reporting, and remitting any taxes to the appropriate tax authority. bid4bit is not obligated to, and may not, determine whether taxes apply or even calculate, collect, report, or remit any form of taxes to any tax authority arising from Your use of the bid4bit website and services.

6-) Acknowledgment of Digital Asset Risks

Digital assets may lose value. You have carefully reviewed, acknowledged, and assumed all other risks associated with digital assets, all of which could render Your digital assets worthless or of little value. Investing in digital assets is at Your sole risk. Any digital assets purchased are provided, used, and acquired on an “AS IS” and on an “AS AVAILABLE” basis without representations, warranties, promises, or guarantees whatsoever of any kind by bid4bit. It would help if You relied on Your examination and investigation thereof.

There are no guarantees regarding the price of digital assets purchased by You and no guarantees that the price per digital asset determined by the market will be equal to or higher than Your purchase price. There is the possibility that the price per digital asset may fall below the price paid by You.

You may be unable to sell or otherwise transact in digital assets at any time or for the price You paid due to diminution in value of the digital assets; lack of liquidity for the digital assets; or restrictions on the transferability of the digital assets. There is also the case of the uncertain regulatory framework. The regulatory status of tokens, digital assets, and blockchain technology is unclear or unsettled in several jurisdictions. It is challenging to predict how or whether governmental authorities may regulate such technologies. It is likewise challenging to predict how or whether any governmental authority may change existing laws, regulations, or rules that may affect tokens, digital assets, blockchain technology, and its applications. Such changes could negatively impact digital assets in various ways, including determining that digital assets are a regulated financial instrument that require registration.

Therefore, there is a risk of government action. The digital asset industry is new and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental authorities will not examine digital assets’ operations or pursue enforcement actions against digital assets.

7-) Disclaimers and Limitations on Liability

The Company (bid4bit ), its affiliates or its partners are not be liable (directly or indirectly) for any losses or damages whatsoever, whether direct, indirect, general, special, compensatory, consequential, and/or incidental, arising out of or relating to the conduct of You or anyone else in connection with the use of the bid4bit services. You agree to take all necessary precautions in all interactions with the bid4bit services and other users. In addition, You agree to review and follow the bid4bit's safety tips, located in the bid4bit services, prior to using the bid4bit services.

We provide the bid4bit website, services, and software strictly on an “as is” basis. To the fullest extent permissible by relevant law, we disclaim all warranties, direct or otherwise, including without restriction the indirect warranties of fitness for a particular purpose, suitability, appropriateness, or merchantability.

Using our discretion only, we may discontinue, add to, or change our service and product features without any notice to any user. We also do not represent that any portion of the bid4bit website or service will be error-free or will not experience downtime.

You accept to use the bid4bit website at Your own risk, and that You fully understand any risks arising from Your usage. You hereby acknowledge that bid4bit will under no circumstances be responsible or liable for any harm, damage, or loss You may cause to Yourself, third parties while using the bid4bit website. You use the bid4bit website at Your own informed risk.

We will not bear any responsibility to any user for the loss of health, property, business, goodwill, profits, or any other loss, irrespective of them being special, corrective, significant, or incidental damages, whether these were as a result of negligence or not.

If You reside in a jurisdiction that disallows the above-mentioned limitation of liability, this limitation of liability will not apply to You.

8-) Third-Party Websites and Analytics Services Provided By Others

We may occasionally provide links to other websites and resources on the bid4bit website, but You accept that these links are provided for Your convenience only and must not be considered an endorsement or approval of the policies, products, services, and practices of the linked website or resource. You use and access linked resources at Your own risk.

bid4bit may allow others to provide analytics services and serve advertisements on its behalf across the internet and applications. These entities may use web beacons, cookies, device identifiers, and other technologies to collect information about Your use of the bid4bit website and other websites and applications, including Your IP address, web browser, pages viewed, time spent on pages or in apps, mobile network information, links clicked and conversion information. bid4bit and others may use this information to, among other things, analyze and track data, deliver advertising and content targeted to Your individual interests on the bid4bit website and other websites, determine the popularity of certain content, and better comprehend Your online activity.

9-) Cookie Policy

The bid4bit website uses “cookies” to afford our users ease of access and an enjoyable experience while on the bid4bit services. Cookies allow the website to remember Your personal preferences, automatically collecting certain information about Your activities, such as Your clicked ads, the pages You searched, and Your clicked links, so that You have an easier time accessing the service when next You log in.

While most browsers are automatically designed to accept cookies, You still have the option of rejecting cookies. When You choose this option, You will always be able to use the bid4bit website but will not have access to some of its features.

We may change this cookie policy at any time. Any changes in the cookie policy will become effective when the revised version is available on or through the bid4bit website. Always ensure You check this page for the updated version of the cookie policy.

10-) Eligibility

By accepting the Terms & Conditions and/or registering with bid4bit, You confirm that You are at least 18 years of age and at least age of majority under applicable laws of the country, state, city, or other jurisdiction (each, a "Jurisdiction") of Your residence, that You can engage in a binding contract, and that You meet all other eligibility requirements contained in these Terms & Conditions. By using bid4bit services, You warrant that You have the right, authority, and capacity to enter into this agreement and to abide by all of the Terms & Conditions.

bid4bit employees and their family members (defined as parents, spouse, siblings and children) and any persons residing in the same household as bid4bit employees may not under any circumstances participate in bid4bit auctions.

11-) Bidding an Auction

To participate in an auction on bid4bit, You must have BID4 Tokens and deposited Your tokens to the address that was provided to You on the Deposit Page on bid4bit website. BID4 Tokens can be obtained through Token Sale, Referral Program and DEX/CEX Exchanges.

Each auction that offered by bid4bit, require some BID4 Tokens to place bid, the amount will be noted on the auction detail page.

From time to time, free bids may be offered. Free bids are only valid until the expiration date stated in the promotion, which is typically seven days. Once a free bid or BID4 Token is placed in an auction, it is deducted from the user's account and can no longer be refunded, irrespective of whether or not the bid is successful.

You can place bids manually by clicking an auction's "Bid" button. bid4bit does not allow any kind of automated programs.

bid4bit attempts to limit some auctions to users of comparable skill, as determined by bid4bit, to enhance user experience and maintain a viable business model. In so doing, bid4bit may limit which auctions are available to particular users based on any factors deemed appropriate by bid4bit in its sole discretion, including experience of the user, historical success of the user, demographic factors, prior bidding and spending activity, and other factors. In particular, bid4bit may limit certain auctions to less experienced or successful users in any manner bid4bit deems appropriate to optimize the overall user experience of all bid4bit users. You acknowledge that You may be, and You consent to being, excluded from auctions at bid4bit discretion.

After an auction has ended, You must actively confirm and pay the total price for the won auction. Once You have clicked on the confirmation button the win is accepted. If an auction win has not been confirmed and paid within seven (7) days of the auction end date, bid4bit may withdraw the offer to conclude the order and permanently revoke the winner's right to pay for and receive delivery of an item. If bid4bit does this, all bids placed in that auction will be deemed expired and will be non-refundable. After confirming the win and paying the total amount due, the winner will receive a confirmation e-mail. The item will not be sent to You until the total price has been paid to bid4bit.

If You won an auction under $20 You can checkout via BID4 Token only, for more than $20 You can checkout via BID4 Token and other crypto currencies that we accept such as Bitcoin, Tron, and Ethereum etc.

All auctions offered on bid4bit consisting of digital items will be sent electronically to the Deposit Address You have shared on checkout. Delivery of Your won auction will be sent to You within 48 hours of the auction being paid in full.

12-) Odds of Winning Auctions

Every auction is unique and the results of all auctions offered on bid4bit depend on the number of users participating in such auctions and the skill of the users participating in the auctions; precise odds of winning are therefore unavailable.

13-) Returns and Refunds

If You wish to return or cancel an order, please contact us at hello@bid4bit.com.

The following items may not be returned: Crypto currencies and tokens. Gift cards. Consumables, including but not limited to recordable media, film, digital memory cards, tapes, batteries, paper, and ink. Intangible goods such as Free Bids, Coupons, Voucher Bids, Limit Busters, etc.

Also BID4 Tokens placed on the auctions are not eligible for a refund.

If You are found to be in bad standing due to fraudulent behavior, excessive refund requests, or other such behavior, You are deemed to be in breach of the Terms & Conditions and will not be eligible for a refund.

In order to complete a return, You must return the received product or products in new condition. Shipping expenses for returns will be paid by You unless the reason for the return is bid4bit’s error. bid4bit will not accept a return if You are unable to return the product received or are only able to return it in part or in a damaged or used condition.

Should bid4bit not be able to deliver the product ordered or the product won for any reason, You will have the option to accept an alternative but comparable item, as determined by bid4bit in its sole discretion, or receive a refund of the transaction amount paid.

14-) Referrals

You may refer friends, and other people to bid4bit using the referral form on the bid4bit website. bid4bit offers 5% BID4 Tokens to any user who refers new users who makes bid on bid4bit auctions. bid4bit reserves the right to review each referral for possible fraud. Any abuse of the referral system may result in the deduction of fraudulent bids awarded and/or the termination of Your account in bid4bit's sole discretion.

15-) Special Promotions

Any special promotions run by bid4bit shall only be valid if they are announced on bid4bit website or in its corresponding bid4bit Special Offers email. Certain promotions may only be valid for a limited time, with details announced on bid4bit or in our bid4bit Special Offers. Once the advertised time limit of any promotion has been reached, or the relevant auction or auctions have ended, the promotion is also finished.

16-) Reviews and Comments

You may post reviews and/or comments, so long as the content is not illegal, obscene, threatening, defamatory, invasive of privacy, infringing of intellectual property rights, or otherwise injurious to third parties or objectionable and does not consist of or contain software viruses, political messages, commercial solicitation, chain letters, mass mailings, or any other form of "spam." You may not use a false e-mail address, impersonate any person or entity, or otherwise mislead as to the origin of any content You post. bid4bit reserves the right (but not the obligation) to remove or edit such content, but does not regularly review posted content. bid4bit also reserves the right to prohibit You from posting additional comments.

17-) Indemnity

You agree to indemnify, defend, and hold bid4bit and its members, managers, shareholders, directors, officers, employees, agents, affiliates, licensors, and other partners (collectively, the "Indemnified Persons") harmless from any loss, cost, expense, liability, claim, or demand, including reasonable attorneys' fees, suffered by any Indemnified Persons due to, arising out of, or in connection with Your use of bid4bit or any of the services offered by bid4bit, any violation of these Terms & Conditions by You or any person acting in collusion with You, any violation of applicable law or court order by You, and any negligence or willful misconduct by You.

18-) Trademarks

bid4bit's logos are trademarks of bid4bit . All rights reserved. Any trademarks appearing on bid4bit are the property of their respective owners.

You may not post, distribute, or reproduce in any way any copyrighted material, trademarks, or other proprietary information without obtaining the prior written consent of bid4bit.

Except we have stated so to the contrary, You agree that all materials found on the bid4bit website, including but in no way restricted to designs, pictures, written content, video clips, and icons, are copyrighted or trademarked by bid4bit . Alternatively, they are controlled by us or licensed to us by third parties. All materials are under the protection of the international copyright laws. bid4bit, the website, service names, button icons, scripts, page headers, and logos found on this website or provided through our services are trade dresses or trademarks of bid4bit.

19-) System Outage / Temporarily Paused Auctions

A system outage has occurred if no bids can be submitted for items due to an unforeseeable disruption in a system. In such a case, auctions will be temporarily paused and the remaining time for the auctions, the current bidding price, and the current highest and/or lowest bidder will be recorded. After the disruption has been resolved, the auctions will be continued and ten minutes will be added to the remaining times for the auctions. Temporarily paused auctions are clearly indicated. Bids placed on a temporarily paused auctions will be credited back to Your account; however, bid4bit is not responsible for any other costs incurred by You due to a system outage. bid4bit reserves the right to cancel auctions that end due to system error, bot bidders, employee bidders, technical problems, or any other reasonable reason.

With current technology, it is not possible to develop and operate computer programs (software) and data processing systems (hardware) entirely without error, or to rule out any unpredictable events in connection with the Internet. bid4bit, therefore, provides no guarantee for the constant and uninterrupted availability of the website and other technical systems. bid4bit shall not be liable for any damage incurred by auction users or third parties from using bid4bit's services. In particular, bid4bit shall not be liable for damage that occurs due to bids not being received by bid4bit, not being received promptly, or not being considered as a consequence of technical errors.

20-) Security

We do all that is in our power (including the deployment of practical and administrative practices such as SSL encryption technology) to ensure that Your personal information is kept safe from unauthorized or illegal use.

You, however, understand that despite our most judicious efforts to keep Your information safe, bid4bit will never be answerable for any breach of Your personal information that occurs through events beyond our control.

21-) Modifications and Changes

bid4bit may change (add to, delete, or amend) the Terms & Conditions from time to time, with or without cause. Should this occur, You agree that bid4bit may provide You notice of such changes in any of the following ways: via an email from bid4bit, via an RSS feed, via bid4bit' official social media profiles, and/or by posting a change notice on the website for a reasonably limited time. It is Your responsibility to review any revised Terms & Conditions. Should You find any subsequent revisions to the Terms & Conditions unacceptable, You must cease using bid4bit services. By continuing to access, use, or download in any way any service from bid4bit following notice of a revision to the Terms & Conditions, You agree to and are bound by the Terms & Conditions as revised.

bid4bit reserves the right at any time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. You agree that the Company shall not be liable to You or to any third party for any modification, suspension or discontinuance of bid4bit services. To protect the integrity of the bid4bit services, bid4bit reserves the right at any time in its sole discretion to block users from certain IP addresses from accessing bid4bit services.

22-) Notices

bid4bit may provide You with notices, including those regarding changes to this Agreement, using any reasonable means now known or hereafter developed, including by email, postings in the bid4bit's social media profiles or postings in the bid4bit services. Such notices may not be received if You violate this Agreement by accessing the Service in an unauthorized manner. You agree that You are deemed to have received any and all notices that would have been delivered had You accessed bid4bit in an authorized manner.

Updated at 2021-06-01