Terms and Conditions for Over-the-Counter (OTC) Transactions

This User Agreement (“Agreement”) delineates the rules governing the use of the over-the-counter (OTC) cryptocurrency service (“Service”) offered by HoneyBadger (“Company”) to its users (“User”). By utilizing the Service, the User agrees to comply with the terms set forth in this Agreement.

1. service Description

1.1 The Service provided by the Company enables Users to purchase or exchange cryptocurrencies directly with the Company.

1.2 The Company streamlines transactions by facilitating trades at prices mutually agreed upon by the User and the Company.

1.3 The Company does not function as a financial institution, investment advisor, or cryptocurrency exchange. The Service is exclusively provided as an OTC platform for cryptocurrency transactions.

2. Potential Risks

2.1 The User acknowledges and accepts that cryptocurrency transactions entail significant risks, including, but not limited to, market volatility, regulatory changes, technology risks, and security vulnerabilities.

2.2 The User comprehends that the value of cryptocurrencies can fluctuate drastically, potentially resulting in substantial losses. The Company provides no guarantees or assurances regarding the future value, stability, or performance of any cryptocurrency.

2.3 The User assumes sole responsibility for assessing and managing the risks associated with cryptocurrency transactions. The Company cannot be held accountable for User losses, including, but not limited to, financial losses, missed opportunities, or damages.

3. Transaction Process

3.1 The Company conducts transactions on the blockchain, a decentralized and distributed ledger technology. Once a transaction is processed and recorded on the blockchain, it becomes permanent and cannot be altered or reversed.

3.2 The User acknowledges that the Company does not control the blockchain and is not liable for any delays, errors, or failures in the transaction confirmation, execution, or settlement processes.

3.3 The User is responsible for providing accurate transaction details, including wallet addresses and payment amounts. The Company cannot be held responsible for losses resulting from incorrect or incomplete transaction information provided by the User.

4. Fees and Pricing

4.1 The Company may impose charges for its Service, including transaction fees, spread fees, or other relevant charges. The User agrees to pay the fees as specified by the Company.

4.2 Cryptocurrency transaction pricing may be determined based on multiple factors, including market conditions, liquidity, and other relevant considerations. The User acknowledges that pricing may vary from current market rates.

5. Compliance with Legal Requirements

5.1 The User agrees to comply with all laws, regulations, and legal requirements associated with cryptocurrency transactions, including but not limited to anti-money laundering (AML) and know-your-customer (KYC) rules.

5.2 The Company reserves the right to request additional information, documentation, or identity verification from the User to comply with regulatory requirements.

6. Indemnity

6.1 The User agrees to indemnify, defend, and hold the Company, its officers, directors, employees, and affiliates harmless from any claims, liabilities, losses, damages, costs, or expenses (including reasonable legal fees) arising from the User’s use of the Service or any violation of this Agreement.

7. Limitation of Liability

7.1 To the extent permitted by law, the Company will not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from or related to the Service or this Agreement, including but not limited to the loss of profits, data, or cryptocurrencies.

8. Changes and Termination

8.1 The Company reserves the right to revise or modify this Agreement at any time. Users will be notified of significant changes to this Agreement.

8.2 The Company may suspend, terminate, or limit the User’s access to the Service at its sole discretion, with or without warning, if deemed necessary.