PRIVACY POLICY

This privacy policy governs our collection, processing and use of your personal information. By using the Ace iBit site, you consent to the Ace iBit privacy policy and data practices. We may periodically make changes to these policies and practices. While Ace iBit will attempt to notify you of these changes, it is your responsibility to review this privacy policy on regular basis and remain informed of any changes.

Your Personal Information:

Ace iBit will collect your personal information from the site. The type of personal information we gather may include:

1. Your name,

2. Your ID (high quality image of a government issued Identification Card),

3. Your email address,

4. Your physical address,

5. Your utility bill or bank statement, passport or driver licence (proof of residential address)

6. Your date of birth,

7. Your banking details including account numbers,

8. Your trades.

Uses of Your Personal Information:

Ace iBit may use your personal information for the following purposes:

  1. To process transactions,
  2. To send periodic emails with updates, promotions, company news, and changes to policies.
  3. To personalize your experience,
  4. To analyze use of our Site,
  5. To improve our Site,
  6. To improve customer service,
  7. To undertake a verification of your identity with third party electronic identification providers.

Cookies:

Cookies are used for the following purposes:

  1. Recognize you as an Ace iBit customer,
  2. Collect information about your computer to mitigate risk and help prevent fraud,
  3. Customize your experience, content, and advertising,
  4. Measure promotional effectiveness.

Flask cookies to promote account security are used, as well as both session and persistent cookies. These cookies are encoded so that only Ace iBit can interpret the information stored on them.

IP Addresses:

Ace iBit may collect information about your computer, including your IP address, for system administration and verification purposes.

Protecting Your Information:

Your personal information is stored on Ace iBit’s servers and with certain of Ace iBit’s service providers. It is protected by maintaining both electronic and physical procedural safeguards. We use computer safeguards such as firewalls and data encryption. Access to personal information is only for employees who require said information to perform their duties as employees.

Disclosure of Personal Information:

Personal information will not be disclosed, sold, or rented to third parties for their marketing purposes.

To process your payments, we may share some of your personal information with the person or the company that you are paying or that is paying you.

You consent to Ace iBit disclosing personal information when required by law to third parties for electronic identification purposes. Any third party receiving or having access to personal information is required to protect that information. Ace iBit will ensure that any such third party is aware of their obligations and that their standard of care equals our own.

Changing Personal Information:

You may access your personal information in order to make changes or corrections by visiting the ‘Setting’ section after login.

Retention of Personal Information:

Personal information will be kept for at least 5 years, or longer if required by law. 

RISKS

The trading of any currency involves significant risk. Prices can and do fluctuate. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.

Bitcoin trading also has special risks not generally shared with currencies that are backed by governments or other legal entities, or by commodities such as gold or silver. There is no central bank to protect the value of Bitcoins. There may also be additional unforeseen risks not identified in this agreement.

Indemnification:

You hereby agree to indemnify and hold Ace iBit, its parent, the officers, directors, agents, and employees harmless from any claim or demand (including attorneys’ fees) arising out of your breach of this agreement or your use of Ace iBit Site.

User Disputes Release:

If you have a dispute with one or more Users, you release Ace iBit(and our parent, officers, directors, agents, and employees) from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.

Disputes with Ace iBit:

In the event of a problem or error, please email us at billing@aceibit.com.


You must contact us within 7 days of the transaction you wish to discuss. We will endeavor to correct the error or problem, or alternatively explain to you why we believe the transaction was correct within 30 days of the transaction.

Limitations of Liability:

In no event shall Ace iBit (and our parent, officers, directors, agents, and employees) be liable for lost profits or any special, incidental or consequential damages arising out of or in connection with our Site, our Services, or this Agreement regardless of how they occurred including negligence.

In the event that a jurisdiction does not allow these types of limitations, Ace iBit ’s liability (and that of our parent, officers, directors, agents, and employees) to you or any third party in any circumstance is limited to the actual amount of direct damages.

No Warranty:

Ace iBit site and services are provided “as is” without any further representation of warranty whether express, implied or statutory. Ace iBit (and our parent, officers, directors, agents, and employees) specifically disclaim any implied warranties of title, merchant ability, fitness for a particular purpose and non-infringement.

Time Limits on Claims:

You hereby agree that any claim related to the use of the Ace iBit  site must be filed within one year after such a claim arose or else your claim is permanently barred.

INTELLECTUAL PROPERTY

"Aceibit.com", "Ace iBit ", and all logos and materials related to Ace iBit services are either trademarks, or registered marks of Ace iBit or its licencors.

TERMINATION

Your Side:

You may terminate this agreement with Ace iBit , and close your account at any time, following settlement of any pending transactions.

Our Side:

You hereby agree that Ace iBit may in its sole discretion terminate your access to the Site and to your account, and acknowledge that Ace iBit  may take any technical and legal steps to keep persons off the. Notice will be provided as appropriate.

Reasons for Termination:

Ace iBit may in appropriate circumstances and at our discretion, suspend or terminate accounts of members for any reason, including without limitation:

1. Attempts to gain unauthorized access to the site or another member's account or providing assistance to others' attempting to do so,

2. Overcoming software security features limiting use of or protecting any content,

3. Usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities,

4. Violations of is user agreement,

5. Failure to pay or fraudulent payment for transactions,

6. Unexpected operational difficulties, or

7. Upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by Ace iBit , acting in its sole discretion.

Unconfirmed Inactive Accounts:

Ace iBit reserves the right to cancel unconfirmed accounts or accounts that have been inactive for a period of 6 months or more, and/or to modify or discontinue our site. Members agree that Ace iBit will not be liable to them or to any third party for termination of their account or access to the Site.

Payments of Past Commission:

The suspension of an account shall not affect the payment of the commissions due for past transactions.

Final Transfers:

Upon termination, members shall communicate a valid bank account to allow for the transfer of any credit on their account. The member shall hold said bank account. Bitcoins may be transferred to a valid bank account only after conversion into a government-backed currency. Ace iBit  shall effectuate the transfer as soon as possible following the member's request.

Charges:

Depending on circumstances, upon termination Ace iBit will send to you the balance of your account. You hereby agree to be liable for any charges incurred. Ace iBit will use reasonable efforts to ensure that such charges are disclosed to you prior to sending your payment.

API’S AND WIDGETS

We may provide access to certain parties to access specific data and information through our API (Application Programming Interface) or through widgets. We also may provide widgets for your use to put our data on your site. You are free to use these in their original unmodified and un-altered state.

EXTERNAL WEB SITES

Ace iBit makes no representations whatsoever about any other site which you may access through Ace iBit . The site may provide links or other forms of reference to other websites ("External Web Sites") or Resources over which we do not have control. In such case you acknowledge that Ace iBit is providing these links or references to you only as a convenience. Ace iBit is not responsible for the content provided on External Web Sites. You bear all risks associated with the use of such content.

FINANCIAL ADVICE

We DO NOT provide any investment advice in connection with the Ace iBit site contemplated by this user agreement.

We may provide information on the price, range, volatility of Bitcoins and events that have affected the price of Bitcoins but this is not considered investment advice and should not be construed as such. Any decision to purchase or sell Bitcoins is your decision and Ace iBit will not be liable for any loss.

FINANCIAL REGULATION

Our business, site, and service, consists of facilitating the buying, selling and trading of Bitcoins and their use to purchase goods in an unregulated, international open payment system. The Services we provide are currently unregulated within certain countries.

EMAIL

Ace iBit is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats. Our standard response time for email is up to three business days.

JURISDICTION

This user agreement shall be governed and construed in accordance with Dubai Govt Law.

LIMITATION OF LIABILITY

To the extent permitted by law, Ace iBit will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss including if it is the result of negligence.

Nothing in these terms excludes or limits the liability of either party for willful deceit or fraud.

Ace iBit aggregate liability in respect of claims based on events arising out of or in connection with any single member's use of the site, whether in contract or tort or otherwise, shall in no circumstances exceed the amount of the transaction(s) that are the subject of the claim less any amount of commission that may be due and payable in respect of such transaction(s).

INDEMNITY

To the full extent permitted by applicable law, you hereby agree to indemnify Ace iBit and its partners against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your use of the Ace iBit Site, your use of the Services, or from your violation of this user agreement. Ace iBit reserves the right to close your account and confiscate your account holdings at anytime if you are found in breach of this agreement and not be held responsible for paybacks under any circumstances.

MISCELLANEOUS

If Ace iBit is unable to perform the Services outlined in the user agreement due to factors beyond our control including but not limited to an event of Force Majeure, change of law or change in sanctions policy we will not have any liability to you with respect to the Site and Services provided under this agreement and for a time period coincident with the event.

MODIFICATION OF USER AGREEMENT

Ace iBit reserves the right to change, add or remove portions of this user agreement, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your account. Upon such notification, it is your responsibility to review the amended user agreement. Your continued use of the site following the posting of a notice of changes to the user agreement signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended user agreement.

CONTACT US

If you have any questions relating to your rights and obligations arising from this user agreement, your use of the site, your account, or any other matter, please contact: support@aceibit.com