# Terms of Service & Privacy Policy

This Agreement is entered into between you (hereinafter referred to as “you” or “your”) and PieBit. By accessing or using any service provided by the PieBit platform or any of its websites (PieBit.com), mobile applications, or other related services provided by PieBit or any of its affiliates described further in Section 4 below (collectively referred to as the “Service”), you acknowledge that you have read, understood, and agree to be bound by all terms and conditions set forth in this Terms of Use Agreement (hereinafter referred to as the “Terms of Use”), as well as the Privacy Statement published on the platform. In addition, when using certain features of the Service, you may be required to comply with additional terms and conditions applicable to those features.

 

Please read these terms governing the use of the Service carefully. The Terms of Use contain important provisions, including arbitration clauses requiring all claims to be resolved through binding arbitration. The arbitration provisions are set forth in Section 15, “Dispute Resolution: Arbitration Venue, Arbitration, Class Action Waiver, Governing Law.” Like any asset, the value of financial assets may fluctuate, and there is significant risk that you may incur financial losses when buying, selling, holding, or investing in financial assets. By using the Service, you acknowledge and agree that:

You understand the risks associated with trading financial assets; You assume all risks related to using the Service and trading financial assets; PieBit is not liable for any such risks or adverse outcomes.

 

By accessing, using, or attempting to use the Service in any capacity, you acknowledge that you accept and agree to be bound by these Terms of Use. If you do not agree, do not access or use the Service.

 

1\. Terms of the Agreement

 

PieBit reserves the right, at its sole discretion, to modify or change the Terms of Use at any time. PieBit will notify changes by updating the revised terms on the platform and the \[Latest Revision Date] displayed on this page. Any and all modifications or changes to these Terms of Use will take effect immediately upon being posted on the website or communicated to users. Therefore, your continued use of PieBit’s services constitutes acceptance of the revised agreement and rules. If you do not agree to any modifications to the Terms of Use, you must immediately stop using the Service. PieBit encourages you to review these Terms of Use regularly to ensure that you understand the terms and conditions applicable to your access and use of the Service.

 

2\. Eligibility

 

By registering to use a PieBit account (as defined in Section 5 below), you represent and warrant that you:

(a) are at least 18 years old or have reached the legal age to enter into a binding contract under applicable law;

(b) are a person, corporation, or other entity with full legal capacity and authority to enter into these Terms of Use;

(c) have not previously had your right to use the Service suspended or terminated;

(d) do not currently hold a PieBit account. If you act as an employee or agent of a legal entity and enter into these Terms of Use on its behalf, you represent and warrant that you have all necessary rights and authority to bind that entity;

(e) are not a U.S. person.

 

3\. Prohibited Use

 

By accessing and using the Service, you represent and warrant that you are not listed on any trade or economic sanctions lists (such as the United Nations Security Council sanctions lists), are not designated by the OFAC (U.S. Department of the Treasury Office of Foreign Assets Control) as a “Specially Designated National,” and are not listed on the U.S. Department of Commerce’s Denied Persons List. PieBit reserves the right to select the markets and jurisdictions in which it operates and may, at its discretion, restrict or refuse to provide the Service in certain countries.

 

4\. Service Description

 

PieBit operates as an online asset trading platform. PieBit does not provide fiat currency trading functionality as part of the Service. PieBit acts solely as a trading platform provider and not as a buyer or seller in any transaction. As further detailed in Section 5 below, users must register and open an account on PieBit and deposit digital assets before beginning trading. Traders may apply to withdraw digital assets, subject to the restrictions outlined in these Terms of Use.

 

Although PieBit strives to maintain the accuracy of information provided through the Service, PieBit does not guarantee the accuracy, applicability, reliability, completeness, enforceability, or suitability of the content provided and is not responsible for any direct or indirect loss or damage resulting from your use of such content. Information provided through the Service may change without notice, and the primary purpose of providing this information is to help users make independent decisions. Data displayed on the PieBit platform is purely statistical and does not constitute investment or advisory recommendations. PieBit is not responsible for the use or interpretation of information on the platform or other communications media. All users of the Service must understand the risks of digital asset trading. PieBit encourages users to act prudently and trade responsibly within their means.

 

5\. Account Registration and Requirements

 

a. Registration

All users of the Service (hereinafter referred to as “Users”) must register an account with PieBit before using the Service. When registering an account, you must provide your real name, email address, and password, and accept these Terms of Use, the Privacy Statement, and the Consent Agreement. PieBit may, at its sole discretion, refuse to open an account for you. You agree to provide complete and accurate information during account registration and to promptly update any information you provide to PieBit to maintain its accuracy and completeness. Each registration is for one user only, and each user (including users associated with a company or legal entity) may only open one active PieBit account.

 

b. User Identity Verification

By registering an account on the PieBit platform, you agree to provide personal information required for identity verification. This information is specifically used to detect money laundering, terrorist financing, fraud, and other financial crimes on the PieBit platform. We will collect, use, and share this information in accordance with our published Privacy Policy. In addition to providing this information, you agree to allow PieBit to retain records of this information during the term of your account and for three months after account closure, in accordance with global data retention industry standards. You also authorize PieBit, directly or through third parties, to verify your identity or conduct investigations necessary to protect you and/or PieBit from financial crimes (such as fraud).

 

The information required for identity verification may include, but is not limited to, your: name, email address, contact information, phone number, username, government-issued identification, date of birth, and other information collected during account registration. By providing this information, you confirm it is true and accurate. After registration, you must ensure the information remains true and complete and promptly update any changes. If PieBit has any reason to believe that any information you provide is false, inaccurate, outdated, or incomplete, PieBit may request correction, delete the information, or, at its discretion, terminate all or part of the services provided to you. You are responsible for any losses or fees incurred if PieBit cannot contact you using the provided contact information.

 

By registering an account, you expressly authorize PieBit, directly or through third parties, to conduct investigations that PieBit deems necessary to verify your identity or protect you or PieBit from fraud or other financial crimes, and to take any action PieBit deems necessary based on the results. You also acknowledge and agree that your personal information may be disclosed to credit bureaus and fraud prevention or financial crime prevention departments, which may fully respond to our investigation.

 

c. Account Use Requirements\
Account Use

 

Accounts may only be used by the registered account holder. PieBit reserves the right to suspend, freeze, or terminate the use of an account by anyone other than the registered account holder. If you suspect or discover any unauthorized use of your username and password, you should immediately notify PieBit. PieBit is not responsible for any loss or damage caused to you or any third party (whether or not authorized by you) arising from the use of your account.

 

d. Account Security

 

PieBit is committed to safeguarding users’ entrusted funds and applies industry-standard protections to its services. However, individual user behavior may still introduce risk. You agree to treat your access credentials (such as username and password) as confidential and not to disclose them to any third party. You also agree to take sole responsibility for the security of your account and personal information.

 

You are solely responsible for safeguarding your PieBit account and password, and for all activity under your account. PieBit is not liable for any losses or consequences arising from authorized or unauthorized use of your credentials, including but not limited to information disclosure, publication, acceptance of agreements, clicking through rules or agreements on the website, online renewal agreements, or other activities.

 

By creating an account, you expressly agree to:

 

(i) Immediately notify PieBit if you become aware of any unauthorized use of your PieBit account or password, or any other breach of security;

(ii) Strictly follow the website/service security, authentication, trading, fee, exit mechanisms, and procedures;

(iii) Take appropriate steps to log out from the website at the end of each session;

(iv) Understand that any profits derived from using someone else’s information to register will be considered illegal gains, and PieBit bears no responsibility for losses resulting therefrom.

 

6\. Service Usage Guidelines

 

a. License

 

Subject to your continued compliance with the terms and conditions of this Agreement, PieBit grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use the Service via your computer or Internet-compatible device for your personal, internal purposes only. You may not use the Service for resale or commercial purposes, including trading on behalf of others or entities. Such uses are strictly prohibited and constitute a material breach of these Terms. The content layout, format, functionality, and access of the Service are determined by PieBit. PieBit reserves all rights not expressly granted herein.

 

This license grants you only limited access and use of the Service. Accordingly, you agree that no ownership or intellectual property rights in the Service or any PieBit intellectual property are transferred to you. All text, graphics, user interface, visual interface, photographs, sounds, artwork, computer code (including HTML code), programs, software, products, information, and files, as well as the design, structure, selection, coordination, expression, “look and feel,” and arrangement of any content included in or provided through the Service, are the exclusive property, controlled by, or licensed to PieBit or its affiliates, licensors, or related parties.

 

PieBit will own any feedback, suggestions, ideas, or other information or materials you provide regarding PieBit or the Service (“Feedback”). You hereby assign all rights, title, and interest, including all associated intellectual property rights, to PieBit. You acknowledge that you will not have any claim for confirmation or compensation regarding any modifications arising from your Feedback.

 

b. Restrictions

 

By using the Service, you agree to comply with the following:

All activities conducted using the Service must comply with applicable laws, regulations, and PieBit guidelines; Your use of the Service will not violate public interest, public morality, or the legitimate rights of others, including any actions that disrupt, interfere with, or negatively affect other users’ ability to use the Service; You agree not to use the Service for market manipulation (such as price pumping, wash trading, self-trading, front-running, order stuffing, spoofing, or layering, whether legally prohibited or not); Without PieBit’s prior written consent, the following commercial uses of PieBit data are prohibited: Trading services using PieBit quotes or market data; Data feeds or streaming services using PieBit market data; Charging or otherwise monetizing PieBit market data, including via ads or referral fees, on any other website/application/service. Without PieBit’s prior written consent, you may not modify, copy, reproduce, download, store, redistribute, transfer, broadcast, post, remove or alter any copyright notices, license, or other rights, or create derivative works of any part of the Service; You may not: (i) Use deep links, page scraping, bots, spiders, or automated devices or methods to access, acquire, copy, or monitor any part of the Service, or bypass the Service’s navigation structure to obtain materials; (ii) Attempt unauthorized access to the Service or PieBit servers via hacking, password mining, or other illegal means; (iii) Probe, scan, or test the Service or any connected network for vulnerabilities; (iv) Track or attempt to track other users of the Service; (v) Place an unreasonable or disproportionate load on PieBit systems or networks; (vi) Use any device, software, or routine to interfere with the normal operation of the Service; (vii) Forge headers, impersonate others, or manipulate identifiers to conceal identity or message origin; (viii) Use the Service illegally.

 

By accessing the Service, you agree that PieBit has the right to investigate any violation of these Terms, determine unilaterally whether you have breached these Terms, and take action without prior consent or notice. Such actions may include:

Blocking or canceling order requests; Freezing accounts; Reporting incidents to authorities; Publishing alleged violations and actions taken; Removing any non-compliant content posted by you.

 

7\. Orders and Service Fees

 

a. Orders

 

When you place an order using the Service (“Order”), your account will immediately update to reflect outstanding orders, and your order will be posted on PieBit’s order book for matching. If your order is fully or partially matched with another user’s order, the Service will execute a trade (“Trade”). After execution, your account will update to reflect a fully filled order as closed, or a partially filled order as updated. Orders remain pending until fully executed or canceled as described below. You authorize PieBit to temporarily control assets involved in the trade to facilitate execution.

 

b. Cancellation

 

Orders may only be canceled before they are matched. Once an order is matched with another user, you may not change, revoke, or cancel it. If partially matched, unmatched portions may be canceled. PieBit reserves the right to reject any cancellation request. If your account lacks sufficient assets to fulfill an order, PieBit may cancel the entire order or fulfill only the portion that your account can cover, after deducting applicable fees.

 

c. Fees

 

You agree to pay PieBit the fees specified, which may be updated at PieBit’s discretion. Updated fees apply to transactions occurring after the effective date. You authorize PieBit to deduct any applicable fees from your account.

 

8\. Contract Trading

 

a. Risk

 

Contract trading carries extremely high risk. By engaging in contract trading, you acknowledge that:

Market liquidity, depth, and dynamics can fluctuate rapidly; Leverage can result in significant gains or losses; In some conditions, it may be difficult or impossible to close positions; Conditional orders may not limit losses; There are no guarantees against losses, and losses may exceed your margin deposits.

 

b. Contract Trading Terms

 

You represent and warrant that you are not a U.S. or Canadian resident, and are not on any trade or economic sanctions list (such as OFAC Specially Designated Nationals). You are fully responsible for understanding risks and managing your account, maintaining sufficient margin, and repaying loans. Failure to do so may result in forced liquidation. PieBit may take actions to mitigate potential losses, including transferring assets between accounts. System delays or outages may impact execution; PieBit does not guarantee outcomes.

 

c. Prohibited Contract Activities

 

Users may not use multiple accounts or devices for illegal arbitrage (including fees manipulation, rebates, gifts, hedging, etc.). Detected violations may result in account suspension, asset freezes, login restrictions, or KYC verification. Ultra-short-term trading may be restricted, including:

Terminating account access and seizing illicit gains; Invalidating trades deemed ultra-short-term; Closing trades at current market prices; Requiring minimum holding times before closing positions.

 

Unfair trading behavior, market manipulation, exploitation of system vulnerabilities, or other harmful activities may result in PieBit exercising administrative control over accounts.

 

9\. Liability

 

a. Disclaimer of Warranties

 

To the maximum extent permitted by law, the Service, materials, products, and services are provided “as-is” and “as available,” without any warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, ownership, non-infringement, or arising from course of dealing. PieBit makes no representations regarding accuracy, completeness, reliability, or error-free operation.

 

b. Limitation of Liability

 

To the maximum extent permitted by law, PieBit and affiliates shall not be liable for any incidental, indirect, special, punitive, consequential, or similar damages, even if advised of potential damages, except where liability arises from gross negligence, fraud, or willful misconduct. Liability shall not exceed fees paid to PieBit prior to the event giving rise to liability.

 

c. Indemnification

 

You agree to indemnify and hold harmless PieBit, affiliates, contractors, licensors, and their respective officers, directors, employees, and agents from any claims, suits, investigations, costs, or damages arising from (i) your use of the Service; (ii) breach of these Terms; or (iii) violation of applicable laws or third-party rights. PieBit may control any defense or settlement at its discretion.

 

10\. Announcements

 

All official announcements, news, promotions, and contests will be posted on the PieBit platform. Users are expected to regularly review them. PieBit is not liable for personal losses resulting from ignorance or neglect of announcements.

 

11\. Termination

 

PieBit may suspend, freeze, or terminate your account for any reason, including suspected violations or legal/regulatory obligations. PieBit may retain and use account and transaction data. Account termination may occur due to fraud, legal investigation, inaccurate information, refusal to accept updated terms, or at your request.

 

a. Remaining Funds After Termination

 

After account closure (except in cases below), all remaining balances will be paid to PieBit, with users able to withdraw funds within five business days after settling all fees.

 

b. Termination Due to Fraud, Illegal Activity, or Breach

 

PieBit reserves full control over funds and user data during investigations and may transfer them to authorities.

 

12\. Non-Financial Advice

 

PieBit is not your broker, agent, or advisor. Communications or information from PieBit do not constitute investment, financial, or trading advice. Users are solely responsible for decisions and should consult professional advisors.

 

13\. Compliance with Local Laws

 

Users must comply with local laws, including tax obligations. Funds must come from legal sources. PieBit may freeze or terminate accounts in cooperation with global enforcement authorities.

 

14\. Privacy Statement

 

Accessing the Service requires submitting personal information. Refer to PieBit’s official privacy statement for details on data collection and usage.

 

15\. Dispute Resolution: Arbitration, Class Action Waiver, Governing Law

 

Carefully review this section, as it affects legal rights:

 

a. Dispute Notice – Contact PieBit first to resolve issues informally.

 

b. Arbitration Agreement – You and PieBit agree to resolve disputes through final binding arbitration under the Singapore International Arbitration Centre (SIAC) rules, except as otherwise provided.

 

c. Arbitration Procedure – Disputes are heard in English in Singapore. Arbitration decisions are enforceable in any competent court.

 

d. Exceptions – Claims within the Small Claims Tribunals (SCT) may be pursued there. Parties may seek injunctions or emergency relief in court.

 

e. Notice – To initiate arbitration, send a written notice to PieBit. PieBit will notify you via your email or postal address.

 

16\. Miscellaneous

 

a. Independent Parties – PieBit is an independent contractor, not your agent.

 

b. Entire Agreement – This agreement supersedes all prior agreements.

 

c. Force Majeure – PieBit is not liable for delays or failures due to uncontrollable events.

 

d. Severability – Invalid provisions do not affect the remainder of the Terms.

 

e. Assignment – You may not assign rights without prior written consent. PieBit may assign without notice or consent.

 

f. Waiver – Failure to enforce any provision does not constitute a waiver of rights.

 

g. Third-Party Websites – Links do not constitute endorsement. PieBit is not responsible for third-party content or policies.

 

h. Contact – For more information or clarification, contact PieBit Customer Support: [www.piebit.com](http://www.piebit.com)