This agreement is between you and the service operator, Tradefada. By using any services made available through the Tradefada website (https://www.tradefada.com/), API (https://api.tradefada.com) or Tradefada affiliates, you agree that you have read, understood and accepted all of the terms and conditions contained in this Terms of Service agreement, as well as our Privacy Policy and Consent Form which have incorporated the GDPR regulation. As this is a legally binding contract, please carefully read through this agreement and related notices before using any of our Services. By registering, accessing or using Tradefada, you have agreed to the terms and conditions as laid out in this User Agreement. Should you disagree to this User Agreement, please proceed to disable your account (for existing users) and stop the usage of Tradefada and any of its services.

 

For more information on Tradefada, you can refer to the company and license information found on the website. If you have questions regarding this agreement, please feel free to contact Tradefada for clarification via our Customer Support team (https://support.tradefada.com)

 

AGREEMENT CONDITIONS  

 

Tradefada reserves the right to modify or change the terms and conditions of the agreement at any time and at its sole discretion. Tradefada will provide notice of these changes by updating the revised Terms of Service on the webpage (https://support.tradefada.com) and changing the “[Last revised: ]” date on this page. Any and all modifications or changes to the Terms of Service will be effective immediately upon being announced on the website or released to users. As such, your continued use of Tradefada’s services acts as acceptance of the amended agreement and rules.

 

ELIGIBILITY 

By registering to use a Tradefada Account, you have affirmed that you are at least 18 years old and are an individual, legal person or other organization with full legal capacity to enter into this User Agreement between you and Tradefada. If you are not, you and your guardian shall undertake all consequences resulting from your actions and Tradefada shall have the right to cancel or freeze your account in addition to filing claims against you and your guardian for compensation.

 

PROHIBITION OF USE 

By accessing and using Tradefada and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List and its equivalent. Tradefada maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. Tradefada maintains its stance that prohibited users are not to use or access Tradefada and any of its services.

 

DESCRIPTION OF SERVICES 

Tradefada provides an online digital asset trading platform for products commonly known as cryptographic tokens, digital tokens or cryptographic currency. Tradefada functions as a trading platform provider and is not a buyer or seller in trades made between traders. Tradefada is also not a market maker. Traders must register and open an account with Tradefada and deposit digital assets prior to commencement of trading. Traders may request the withdrawal of their digital assets, subject to the limitations as stated in the Terms and Conditions.

 

Tradefada strives to maintain the accuracy of information posted on its website however it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content through the website, and will not accept liability for any loss or damage that may arise directly or indirectly from the content. Information on Tradefada website can be subjected to change without notice and is provided for the primary purpose of facilitating users to arrive at independent decisions. Tradefada does not provide investment or advisory advice and will have no liability for the use or interpretation of information as stated in its website or other communication mediums. All users of Tradefada must understand that there are risks involved in trading. Tradefada encourages all users to exercise prudence and trade responsibly within their own means.

 

While Tradefada emphasizes platform security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance), it will be non-accountable to Act of God, malicious targeted hacking, terrorist attacks and other unforeseen circumstances. Tradefada reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions. Tradefada will not ask for any password from its users nor ask users to transfer funds that are not listed on its trading platform. Users are encouraged to exercise prudence in dealing with discounts or promotions that could lead to them getting scammed. While the list is non-exhaustive, you agree that Tradefada will not be held responsible for any losses arising from the situations stated above.

 

By using Tradefada and any of its services, you declare that all information to Tradefada in connection with these Terms are true, accurate and complete.

 

TRADEFADA ACCOUNT REGISTRATION & REQUIREMENTS 

REGISTRATION 

 

All users must register (https://www.Tradefada.com/register.html) for a Tradefada Account before using the site. To register for an account, you must provide your real name, email address and password, as well as accept the Terms of Service, Privacy Policy and Consent Form. Depending on certain conditions and in our sole discretion, we may refuse to open an account for you.

 

USER IDENTITY VERIFICATION 

 

With registration of an account on Tradefada, you agree to share personal information requested for the purposes of identity verification. This information is used specifically for the detection of money laundering, terrorist financing, fraud and other financial crimes on the Tradefada platform. In addition to providing this information, to facilitate compliance with global industry standards for data retention, you agree to permit us to keep a record of such information for the lifetime of your account plus 5 years beyond account closing. You also authorise us to make inquiries, either directly or through third parties, that are deemed necessary to verify your identity or to protect you and/or us against financial crimes such as fraud.

 

The Identity Verification information we request may include, but is not limited to, your: Name, Email Address, Contact Information, Telephone Number, Username, Government Issued ID. In providing this required information, you confirm that it is accurate and authentic. Post-registration, you must guarantee that the information is truthful, complete and updated in a timely manner with any changes. If there is any reasonable doubt that any information provided by you is wrong, untruthful, outdated or incomplete, Tradefada shall have the right to send you a notice to demand corrections, remove relevant information directly and, as the case may be, terminate all or part of Tradefada Service to you. You shall be solely and fully responsible for any loss or expenses incurred during the use of Tradefada Service if you cannot be reached through the contact information provided. You hereby acknowledge and agree that you have the obligation to keep all information provided up to date if there are any changes.

 

ACCOUNT USAGE REQUIREMENTS 

 

Tradefada accounts can only be used by the person whose name they are registered under. Tradefada reserves the right to suspend, freeze or cancel accounts that are used by persons other than the persons whose names they are registered under. Accordingly, Tradefada will not take legal responsibility for these accounts.

 

ACCOUNT SECURITY 

Tradefada prioritizes maintaining the safety of those user funds entrusted to us and has implemented industry standard protections for our platform. With that said, there are account-level risks that are created by individual user actions. We request that you understand the need to independently take safety precautions to protect your own account and personal information.

 

You shall be solely responsible for the safekeeping of your Tradefada account and password on your own, and you shall be responsible for all activities under your log-in email, Tradefada account and password (including but not limited to information disclosure, information posting, consent to or submission of various rules and agreements by clicking on the website, online renewal of agreement, etc.).

 

You hereby agree that:

(a) you will notify Tradefada immediately if you are aware of any unauthorized use of your Tradefada account and password by any person or any other violations to the security rules;

 

(b) you will strictly observe the security, authentication, dealing, charging, withdrawal mechanism or procedures of the website/service; and

 

(c) you will log out from the website by taking proper steps at the end of every visit.

 

Tradefada will not be responsible for any loss or consequences caused by your failure to comply with the above Account Security provision.

 

DISPUTE RESOLUTION 

 

Tradefada reserves the right to resolve issues and disputes at its sole discretion. Some issues include infringement of others’ rights, violation of laws and regulations, abnormal trades and others not explicitly mentioned in the Terms. Users agree to bear the costs arising from the process of dispute resolution.

 

GUIDELINES FOR USAGE OF SERVICES ON TRADEFADA 

 

You hereby agree to observe the following covenants during your use of services on Tradefada:

 

All the activities that you carry out during the use of Tradefada Service will be in compliance with the requirements of applicable laws, regulations, as well as the various guidelines of Tradefada,

will not be in violation of public interests, public ethics or other’s legitimate interests,

will not constitute evasion of payable taxes or fees and will not violate this agreement or relevant rules.

If you violate the foregoing promises and thereby cause any legal consequence, you shall independently undertake all of the legal liabilities in your own name and indemnify Tradefada from all actions, claims, or costs arising from such violation.

 

You will not use any data or information displayed on the site for commercial purposes without the prior written consent of Tradefada.

 

You will use the site in accordance with the Terms of Service and Privacy Policy, without taking acts of unfair competition nor attempting to intervene with the normal operation of Tradefada. Examples of such malicious acts include, but are not limited to

 

  • using a device, software or subroutine to interfere with the site
  • overloading network equipment with unreasonable data loading requests
  • executing malicious sales or purchases on the market

By accessing the Tradefada  Service, you agree that Tradefada shall have the right to unilaterally determine whether you have violated any of the above covenants and take actions to apply relevant rules without receiving your consent or giving prior notice to you. 

Examples of such actions include, but are not limited to

 

  • block and close order requests
  • freezing your account
  • reporting the incident to authorities
  • publishing the alleged violations and actions that have been taken
  • deleting any information you published that is in violation
  • If your alleged violation causes any losses to a third party, you shall solely undertake all the legal liabilities in your own name and hold Tradefada harmless from any loss, fine or extra expenses. If due to any alleged violation Tradefada incurs any losses, is claimed by any third party for compensation or suffers any punishment imposed by any administrative authorities, you shall indemnify Tradefada against any losses and expense caused thereby, including reasonable attorney’s fee.


E-WALLET

Your account includes the use of an e-wallet. The e-wallet enables you to do the following through our services:

•    Deposit and monitor electronic money (“e-money”) using the supported digital currencies available on our service.

•    This is by using one of the payment methods available on the service (credit or debit card, or bank transfer). Your e-wallet will reflect the funds once we have received them. Once you have loaded funds into your e-wallet, you can purchase any Tradefada supported digital currency.

•    Send and receive e-money.

•    Monitor the currency exchange rates to track prices of the digital currencies for purchase or sale.

You can receive supported digital currency into your e-wallet by providing the sender with a receive address generated in your e-wallet. Your e-wallet will only be credited with Supported Digital Currency sent to a receive address generated through your e-Wallet and associated with that Supported Digital Currency.


If any local or digital currency has been credited to your e-wallet or bank account in error, you must immediately notify Tradefada of the error by email or filling the complaints form. You have no claim to any Local Currency or digital currency received into your account in error. Such funds must be returned in accordance with the instructions provided by our customer support agent.


Please note that the e-wallet is not a deposit account. However, Tradefada will hold funds received in a designated safekeeping account with a reputable financial institution. E-money held in an e-wallet will not earn any interest.

The Supported Digital Currencies by Tradefada may change from time to time. All transactions must be carried out using the digital currencies supported by Tradefada.

We retain the right to suspend the provision of our services to you:

  • If you do not comply with our terms, policies or if we discover and are investigating suspected misconduct.
  • If you receive any digital currency that digital currency is not a Tradefada supported Digital Currency
  • If the digital currency is sent to a receive address associated with your e-wallet, where that receive address is associated with another digital currency.

Local currency (“Naira” or “NGN” or “N”) deposited into your e-wallet is solely for the following:

•    Purchase of Tradefada supported digital currencies

•    Withdrawal of the supported digital currencies to a registered bank account


All e-wallet transactions will be processed according to the preference set by you when you set up your account. You may purchase the Tradefada supported Digital Currency by using e-Money loaded to your e-wallet.

By using our service, you authorize us to debit e-money from your e-wallet. Although we will attempt to deliver the digital currency to you as soon as possible, e-money may be debited from your e-wallet before the digital currency is delivered to your e-wallet.

You may sell the digital currency in exchange for e-money. You authorize us to debit your Digital Currency Wallet and credit your E-Money Wallet with the relevant amount of E-Money.

You will view your e-wallet balance and your transaction history using the dashboard service which will show the key account information including amount and currency of each purchase, reference to identify the payer or payee, breakdown of fees charged, the rate of exchange, amount after exchange where you are the payer or the amount before the exchange where you are the payee, and the debit or credit date of each Purchase.


 

SERVICE FEES 

 

Tradefada reserves the rights to levy service fees on users who use its services. It is in the discretion of Tradefada to adjust the service fees charged to users using its services.

 

LIABILITY 

PROVISION OF SERVICE 

 

Tradefada will provide Tradefada Service at an “as is” and “commercially available” condition, and does not offer any form of warranty with regards to the Service’s reliability, stability, accuracy and completeness of the technology involved. Tradefada serves merely as a venue of transactions where coin-related information can be acquired and coin-related transactions can be conducted. Tradefada cannot control the quality, security or legality of the coin involved in any transaction, truthfulness of the transaction information, or capacity of the parties to any transaction to perform their obligations under the rules. You must carefully consider the associated investment risks, legal status and validity of the transaction information and investment decisions prior to your use of the Tradefada Services provided.

 

LIMITATION OF LIABILITY  

 

You acknowledge and agree, Tradefada shall not be liable for any of your losses caused by any of the following events, including but not limited to:

 

Losses of profits, goodwill, usage or data or any other intangible losses

Use or failure to use Tradefada Service

Unauthorized use of your account or unauthorized alteration of your data by third parties

Your misunderstanding of Tradefada Service

Any other losses related to Tradefada Service which are not directly attributable to Tradefada

In no event shall Tradefada be liable for any failure or delay of service resulting from regular network maintenance or external factors such as power failure, natural disaster, service provider-side problems or governmental acts.

 

INDEMNIFICATION 

 

You agree to indemnify and hold harmless Tradefada, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of your breach or our enforcement of this Agreement. This shall also apply to your violation of any applicable law, regulation, or rights of any third party during your use of the Tradefada Service.


E-MAIL/SMS MARKETING

You authorize Tradefada to share your information with PCP and associates that might use SMS\text messaging, autodialers or prerecorded messages to call or text you on your mobile phone\ landline or contact you via email about cryptocurrencies and Tradefada promotions up to  30 messages per month. You understand that your consent is not a condition for using the service(s) provided on this website. You may opt-out of this service at any point by unsubscribing.

 

TERMINATION OF AGREEMENT 

You agree that we have the right to immediately suspend your account (and any accounts beneficially owned by related entities or affiliates), freeze or lock the funds in all such accounts, and suspend your access to Tradefada if we suspect any such accounts to be in violation of the Terms of Service, Privacy Policy, AML/CTF acts or any applicable laws & regulations. Tradefada shall have the right to keep and use the transaction data or other information related to such accounts. The above account controls may also be applied in the following cases:

 

The account is subject to a governmental proceeding, criminal investigation or other pending litigation

We detect unusual activity in the account

We detect unauthorized access to the account

We are required to do so by a court order or command by a regulatory/government authority

In case of any of the following events, Tradefada shall have the right to directly terminate this agreement by cancelling your account, and shall have the right to permanently freeze (cancel) the authorizations of your account on Tradefada and withdraw the corresponding Tradefada account thereof:

 

after Tradefada terminates services to you,

you allegedly register or register in any other person’s name as Tradefada user again, directly or indirectly;

the main content of user’s information that you have provided is untruthful, inaccurate, outdated or incomplete;

when this agreement (including the rules) is amended, you expressly state and notify Tradefada of your unwillingness to accept the amended service agreement;

any other circumstances where Tradefada deems it should terminate the services.

Should the account be terminated, the account & transactional information required for meeting data retention standards will be securely stored for five years. In addition, if a transaction is unfinished during the account termination process, Tradefada shall have the right to notify your counterparty of the situation at that time.

 

REMAINING FUNDS AFTER ACCOUNT TERMINATION (NORMAL) 

 

Once the account is closed/withdrawn, all remaining balance (which includes charges and liabilities owed to Tradefada) on the account will be payable at once to Tradefada. Upon payment of all outstanding charges to Tradefada (if any), the user will have 5 working days to withdraw all funds from the account.

 

Remaining funds after account termination (fraud/AML/violation of terms)

 

Tradefada maintains full custody of the funds and user data/information which may be turned over to the authorities in event of account suspension/closure arising from fraud investigations, AML investigations or violation of Tradefada’s Terms (eg. trading on Tradefada from a sanctioned country).


APPLICABLE RISKS 

Please note the risks involved in trading or holding digital currencies can be substantial. Digital Currency Services are not currently regulated by the Central Bank of Nigeria or any other regulator. Therefore carefully consider whether trading or holding Digital Currencies is suitable for your risk appetite.


You are solely responsible for the decision to use our service to deal with our supported digital currency and accept the risk that underlying software protocols relating to the supported digital currency you store in your Digital Currency Wallet may change.


NOTICE

You accept that:

  • Any notices relating to your account or your use of our service will be provided on the service or by emailing them to the email address provided by you. You consent to receiving all notices electronically;
  • You have available the hardware and software to access, receive and save notices sent to you electronically.
  • All information provided to us is valid and up to date.
  • Any notification sent to the email address provided by you will be deemed received at the time it was sent.


DEPOSITS & WITHDRAWAL

Once you have completed all the verification requirements, we will provide on our service details of the bank account into which you must make deposits. The bank account provided is operated solely by Tradefada.

When the amount deposited is reflected in the account provided, your Deposit will reflect in your e-wallet.

Note that the account is not a clearing account and we do not accept cash or cheque deposits.


You may withdraw funds from your e-wallet once you have uploaded your bank account details into your profile. We will process your withdrawals as instructed by you. Digital currency transactions cannot be reversed once they have been sent to the relevant digital network.

Therefore, you are solely responsible in ensuring all instruction and information provided to us with respect to all transactions are accurate.

Deposit and withdrawals are carried out 24/7 but you agree that we have not provided any guarantee in relation to the deposit and withdrawal processing period.


We reserve the right to refuse any buy or sell transaction if we suspect that such action is in furtherance of an illegal and fraudulent activity or that such action will expose Tradefada to risk. We shall not be liable for any delay or non-completion of a buy or sell transaction.


 

COMPLIANCE WITH LOCAL LAWS

 

It is the responsibility of the user to abide by local laws in relation to the legal usage of Tradefada in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. All users of Tradefada and any of its services acknowledge and declare that the source of their funds come from a legitimate manner and are not derived from illegal activities. Tradefada maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the account and funds of users which are flagged out or investigated by legal mandate.

 

PRIVACY POLICY 

Tradefada may announce and amend its privacy policy on the platform of Tradefada from time to time and the privacy policy shall be an integral part of this Usage Agreement. The latest version of the Privacy Policy which has included the GDPR can always be found here on this page (https://www.Tradefada.com/statement.html).

 

INDEMNITY AND DISCLAIMER 

 

You agree to indemnify Tradefada and its entirety of affiliates and hold them harmless from and against all third party claims except from Tradefada’s breach of these Terms. As mentioned in the description of services, Tradefada strives its best to maintain the data integrity on its site but does not guarantee the information and services provided in its platform. Tradefada will not be liable for errors arising from the use of its services.

 

COMPLAINTS 

 

If you have any complaints, feedback or questions, kindly contact support@Tradefada.com and we will in our best efforts try to resolve it for you.


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