Rules

1. Parties to the agreement

The agreement is concluded between the Internet service for the exchange of title signs, hereinafter referred to as the Contractor, on the one hand, and the Customer, represented by the one who has used the services of the Contractor, on the other hand.

2. List of terms

2.1. Exchange of title signs is an automated Internet service product that is provided by the Contractor on the basis of these rules.

2.2. The Customer is an individual who agrees with the terms of the Contractor and this agreement to which he/she accedes.

2.3. MW Service (Service) – a system for providing Internet services for the exchange, sale and purchase of electronic assets and electronic money, which provides its services through the MW website

2.4. The title mark is a conventional unit of a particular payment system that corresponds to the calculations of electronic systems and designates the scope of rights corresponding to the agreement of the electronic payment system and its Customer.

2.5. Application — information transferred by the Customer for the use of the Contractor’s funds in electronic form and indicating that he accepts the terms of use of the service, which are offered by the Contractor in this application.

3. Terms of the Agreement

3.1. These rules are considered to be organized due to the conditions of the public offer, which is formed when the Customer submits an application and is one of the main components of this agreement. The public offer is the information displayed by the Contractor about the conditions for submitting an application. The main component of the public offer is the actions taken at the end of the application by the Customer and indicating his exact intentions to make a deal on the terms proposed by the Contractor before completing this application. The time, date, and parameters of the application are created by the Contractor automatically at the moment of completion of the formation of this application. The offer must be accepted by the Customer within 24 hours from the end of the application. The service agreement comes into force from the moment of receipt of title units in the full amount specified in the application from the Customer to the details of the Contractor. Transactions with title units are accounted for in accordance with the rules, regulations and format of electronic settlement systems. The agreement is valid for a period that is established from the moment of filing the application until termination at the initiative of one of the parties.

3.2. When accessing and using the Services, you are obliged to:

3.2.1. Not to carry out activities that: (I) involve the generation of income from the performance of prohibited or illegal activities (including activities related to the use of cryptocurrency tumbler services, darknet markets, money laundering or terrorist financing); (II) are aimed at posting or distributing any prohibited or illegal materials or information; or (III) otherwise violate or may violate Applicable Laws;

3.2.2. Not attempt to undermine the security or integrity of the Contractor's computing systems or networks or the computing systems and networks of a third party if the Services are provided by such third party;

3.2.3. Not to use or abuse the services in a manner that may disrupt the provision of MW services or other systems used to provide the services, or impair the ability of any other user to use MW services;

3.2.4. Not attempt to gain unauthorized access to the computer system on which the MW  service is hosted, or to any other materials other than those to which you have been expressly granted permission to access;

3.2.5. Do not transmit or enter into the service files that may damage the computing devices or software of any other person; materials that may be offensive or materials or data that violate any law (including data or other materials protected by copyright or trade secret rights that you do not have the right to use);

3.2.6. Do not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to provide services or operate the MW service, except in cases where their use is strictly necessary for normal operation;

3.2.7. Ensure the safety and confidentiality of all usernames and passwords required to access MW ;

3.2.8. Immediately notify the Contractor of any unauthorized use of your password(s) or any other breach of security, as a result of which the Contractor will restore your password(s).

3.3. By accessing the MW service, you represent and warrant that:

3.3.1 You agree to and accept these Terms;

3.3.2 You are the legal owner (or a duly authorized representative of the legal owner) of the funds and those funds are from legitimate sources;

3.3.3 Your use of the Services does not violate Applicable Law;

3.3.4. You understand the risks associated with the use of the Services provided by the MW service and have the necessary experience and knowledge to understand the risks associated with each Service. These risks include the risk of high volatility of cryptocurrencies, and to comply with the requirements of paragraph 4 of the rules when the rate changes by more than 0.5%;

3.3.5 The information or documents you provide as part of any identity verification process are correct, genuine and current;

3.3.6. Any address provided by you for sending/receiving cryptocurrencies or fiat funds is your own and you have full control over this address;

3.3.7. You have not (I) violated Applicable Law; (II) been fined, suspended, subject to economic sanctions or otherwise punished for violating Applicable Law; (III) received oral or written notice from any government agency of an actual or potential violation by You of Applicable Law; or (IV) received any other notice that You are the subject of sanctions, restrictions, penalties or enforcement or investigation under any Applicable Law (including, without limitation, anti-money laundering, counter-terrorist financing, anti-corruption or economic sanctions laws);

3.3.8. You are not a Sanctioned Person or a person controlled by such a person and are not located in, incorporated or otherwise incorporated in, or a national or resident of, a Prohibited Jurisdiction.

4. Subject of the agreement

By using technical methods, the Contractor undertakes to perform the exchange of title units for a commission fee from the Customer, after the said person has submitted an application, and does so by selling the title units to persons wishing to purchase them for an amount specified no lower than that in the application submitted by the Customer. The rate is fixed for 5 minutes from the moment the application is submitted, but if the rate changes by more than 0.5%, the amount in the application may be changed. The Contractor undertakes to transfer funds to the details specified by the Customer. If profit occurs during the exchange, it remains in the Contractor's account as an additional benefit and a bonus for commission services.

5. In addition

5.1. If the Contractor's account receives an amount different from that specified in the application, the Contractor makes a recalculation that corresponds to the actual receipt of title units. If this amount exceeds that specified in the application by more than 10%, the Contractor terminates the agreement unilaterally and all funds are returned to the Customer's details, taking into account the amount deducted for commission expenses during the transfer.

5.2. In the event that the title units are not sent by the Contractor to the specified details of the Customer within 48 hours, the Customer has every right to demand termination of the agreement and cancel his application, thereby returning the title units to his account in full. The application for termination of the agreement and return of the title units is executed by the Contractor if the Customer's order has not yet been completed. In the event of cancellation of the agreement, the return of the electronic currency is made within 48 hours from the moment of receipt of the request for termination of the agreement, with a deduction of a commission of 0.5% of the exchange amount. If delays in return arose not due to the fault of the Contractor, it shall not be liable for them.

5.3. If the title units are not received from the Customer to the Contractor's account within the specified period, from the moment the Customer submits the application, the agreement between the parties is terminated by the Contractor on one side, since the agreement does not come into effect. The Customer may not be notified of this. If the title units are received to the Contractor's details after the specified period, such funds are transferred back to the Customer's account, and all commission expenses associated with the transfer are deducted from these funds.

5.4. If there is a delay in transferring funds to the details specified by the Customer due to the fault of the settlement system, the Contractor shall not be liable for damages arising as a result of the long receipt of funds. In this case, the Customer must agree that all claims will be made to the settlement system, and the Contractor will provide assistance to the extent of its capabilities within the framework of the law.

5.5. In case of detection of counterfeit communication flows or impact with the purpose of worsening the work of the Contractor, namely its program code, the application is suspended, and the transferred funds are subject to recalculation in accordance with the current agreement. If the Customer does not agree with the recalculation, he has every right to terminate the agreement and the title units will be sent to the details specified by the Customer.

5.6. In case of using the Contractor's services, the Customer fully agrees that the Contractor bears limited liability corresponding to the framework of these rules for the received title signs and does not provide additional guarantees to the Customer, and does not bear additional liability to him. Accordingly, the Customer does not bear additional liability to the Contractor.

5.7. The Customer undertakes to comply with the standards corresponding to the legislation, and also not to falsify communication flows and not to create obstacles to the normal operation of the Contractor’s program code.

5.8. The Contractor shall not be liable for damages and consequences resulting from an erroneous transfer of electronic currency if the Customer indicated incorrect details when submitting the application.

6. Warranty period

Within 24 hours from the moment of creating an application for the exchange of title signs, the Contractor provides a guarantee for the services provided, provided that other terms are not agreed upon.

7. Unforeseen circumstances

In the event that unforeseen circumstances arise during the processing of the Customer's application that contribute to the Contractor's failure to fulfill the terms of the contract, the application fulfillment deadlines are postponed for the corresponding period of the force majeure. The Contractor shall not be liable for overdue obligations.

8. Form of agreement

Both parties, represented by the Contractor and the Customer, accept this agreement as an agreement of equal legal force, designated in writing.

9. Working with maps of the United Kingdom and EU countries

For cardholders of the United Kingdom and EU countries, the terms of transfer of title units will be extended for an indefinite period, corresponding to a full verification of the cardholder's data. The funds are not subject to any transactions during the entire period and are in full on the Contractor's account.

10. Claims and disputes

Claims under this agreement are accepted by the Contractor in the form of an e-mail in which the Customer specifies the essence of the claim. This letter is sent to the Contractor's details specified on the website.

11. Conducting exchange transactions

11.1. It is strictly forbidden to use the Contractor's services for illegal transfers and fraudulent activities. By concluding this agreement, the Customer undertakes to comply with these requirements and, in the event of fraud, to bear criminal liability established by law at the moment.

11.2. If it is impossible to execute the application automatically due to circumstances beyond the Contractor's control, such as lack of communication, lack of funds, or incorrect Customer data, the funds are credited to the account within the next 24 hours or returned to the Customer's details minus commission expenses.

11.3. Upon first request, the Contractor has the right to transfer information about the transfer of electronic currency to law enforcement agencies, the administration of settlement systems, as well as to victims of illegal actions who suffered as a result of fraud proven by the courts.

11.4. The Customer undertakes to provide all documents proving his identity in case of suspicion of fraud and money laundering.

11.5. The Customer undertakes not to interfere with the work of the Contractor and not to damage its software and hardware, and the Customer also undertakes to provide accurate information to ensure that the Contractor fulfills all terms of the agreement.

11.6. The Contractor may refuse an exchange without the right to refund funds in case of suspected fraud, if the exchange was carried out using VPN services and the Tor network.

11.7. You are not permitted to access or use the MW services if you are located in, incorporated or otherwise established in, or are a citizen or resident of the following countries: (i) the United States of America, the Province of Quebec in Canada, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction subject to the United States embargo; (iii) a jurisdiction in which it is unlawful under Applicable Law for you (by reason of your nationality, place of residence, citizenship, residency or otherwise) to access or use the MW services; or (iv) countries in which the hosting or availability of the MW services is prohibited or contrary to local law or would subject the Contractor to local registration or licensing requirements (collectively, “Prohibited Jurisdictions”). The Contractor has the right, at its sole discretion, to exercise control over the restriction of access to MW services in any of the Prohibited Jurisdictions. If the Contractor determines that you are accessing MW services from any Prohibited Jurisdiction, or have made false statements regarding your place of incorporation, formation, citizenship or place of residence, the Contractor may refuse the exchange without the right to a refund.

11.8. The Contractor has the right to work with Cold Wallet and exchanges at its own discretion. In case of illegal transfers and fraudulent actions, the Contractor may require verification according to the AML/KYC policy or refuse exchange without the right to return funds in case of discrepancy between the submitted materials or refusal to provide them.

12. Disclaimer

The contractor has the right to refuse to conclude a contract and fulfill an application, without giving any reasons. This clause applies to any client.

13. Final Provisions

By joining this Agreement and leaving your data on the  MW website (hereinafter referred to as the website), by filling in the fields of the Customer form

13.1. Confirms that all data provided by him belongs to him personally.

13.2. Confirms and acknowledges that he has carefully read the agreement and the terms of processing his personal data indicated by him in the form fields in full, and that the text of the agreement and the terms of processing of personal data are clear to him.

13.3. Gives consent to the processing of personal data provided as part of the information by the site for the purpose of concluding this agreement between him and the site, as well as its subsequent execution.

13.4. Gives consent to the transfer of his personal data to the exchanger’s partners.

13.5. Gives consent to receive the site’s newsletter.

13.6. Expresses consent to the terms of personal data processing.

13.7. Expresses consent to the terms of the AML/KYC policy .

13.8. Confirms that he/she is acting of his/her own free will and in his/her own interests and understands that by ticking the corresponding box in the “Site Rules” he/she thereby consents to the storage of personal data by the site for 6 months.

13.9. By agreeing to these rules, you confirm that you are not a citizen or resident of the United States or other countries and regions as listed in paragraph 11.7 of the exchange rules.