The basic website of BTCsquare.net (hereinafter BTCsquare) is https://www.btcsquare.net (hereinafter Website).
Visiting the Website means that the User accepts the given Agreement and all the terms and conditions stated below. The User is obliged to fulfill all the local legal responsibilities in the country he is resident of and to take complete responsibility in case of their violation. User undertakes complete responsibility for taking decisions on trade transaction fulfillment. The BTCsquare is not liable for possible losses caused by User's ineffective funds management. The BTCsquare is not liable for User's actions such as providing invalid (ineffective) information on prices, transaction amount etc., as well as for non-availability of the Web-site and possible system failures.
If you are not agree to rules and conditions of working with BTCsquare you must leave the Website immediately.
All the information located at the Website is protected by copyright law. Any complete or partial use and copying of the data is possible only by written consent of BTCsquare Owners.
Data Protection Guidelines
The BTCsquare pays great attention to the protection of transactions and security of user's confidential data saving.
All the user's personal data are strongly encrypted and their transfer between the BTCsquare and users is fulfilled via enforced paths using attack-proof cryptoalgorythms.
The BTCsquare does its best and fulfill series of inspection actions in order to reduce risks of getting the access to the User's account by third parties.
Rules of Trade Conduct
To conduct trade transaction the User submits an application for it via the form provided by the Website interface or via use of API with secure token. In his application the User stipulates desired rate and amount of the future transaction. If all the data are correct BTCsquare creates corresponding order, than register it in the system and search for the counterbid (order) that meets the conditions. If the counterbid is found transaction is fulfilled. If the counterbid is not found User's application for exchange remains active until the counterbid meeting the conditions occurs. If the counterbid provides more profitable conditions for exchange the transaction is fulfilled at the price that is more profitable for the User. Unused funds are repayed to the User.
Uncompleted or parially completed orders can be cancelled by the User via the corresponding section in BTCsquare menu or via API at any time. Completed orders cannot be cancelled. The BTCsquare keeps the commission from any transaction in accordance with tariffs stipulated while creating the order.
Cryptocurrency list is determined by the BTCsquare and can be changed at any time.
The BTCsquare is not responsible for any occurring losses connected with authorized and non-authorized transactions as well as for possible failures in cryptocurrency networks performance.
In case of disabling the cryptocurrency the User has the opportunity to request for funds withdrawal within the period of 14 days if the cryptocurrency blockchain works and is able to fulfill transaction tracking.
Rules of funds deposit
Funds deposit is made to the special cryptocurrency wallet that is unique for each user. To obtain deposit wallet one can go to Wallets section by clicking "Deposit" in currency table near to the needed cryptocurrency. After transferring funds to the given address balance deposit is fulfilled automatically after obtaining required quantity of confirmations depending on currency type. Real confirmation quantity is dynamically shown at Balance page. Until required quantity of confirmations is obtained funds remain blocked and cannot be used.
After funds deposit is successfully conducted at the balance of BTCsquare the User obtains the right to generate new address to add funds.
Always deposit funds according to the given instructions. Not following the instruction may cause your funds to be lost.
BTCsquare does not offer a token / coin recovery service because the process to recover tokens is extremely complicated and may
result in significant cost, time, and risk. To avoid this situation, please take extra caution when depositing funds to make sure
the coins match the wallet (and payment id) you are depositing to.
Rules of funds withdrawal
The User can request for funds withdrawal on page Wallets by clicking "Withdrawal" in table near the needed cryptocurrency. System will offer to stipulate wallet address (which will be used for funds withdrawal) and amount and calculates transfer commission of cryptocurrency network. Amount excluding commission is transferred to the User's wallet.
To withdraw funds the User should have amount sufficient to money transfer and commission payment in his wallet.
Funds withdrawal is fulfilled automatically starting with the user's application creation. Possible delays in transferring funds do not depend upon BTCsquare. In rare cases semi-automatic withdrawal is possible. The User is given ID of the outcoming transaction (txid) to trace the operation.
In case of complaints from payment systems (burglary and theft) BTCsquare has the right to freeze the account and request documents for verification.
The User undertakes full responsibility for providing invalid withdrawal address resulting in possible financial losses. In such cases the BTCsquare does not fulfil repeated withdrawal.
List of cryptocurrency pairs of trade directions (hereinafter Market) is defined by the BTCsquare and can be changed at any time.
The User conducts transactions on his own risk and undertakes full responsibility for their feasability.
All the transactions are considered final and irrevocable. Return of funds to the initial state after the transaction is closed is not forseen.
Rules of rounding during calculations
All the BTCsquare transaction calculations are conducted accurate to 8th decimal place. Any roundings up to 8th decimal place are calculated in favour of the BTCsquare.
Rules of use of Public API and Trade API.
Public API and Trade API are useful means of cooperation with BTCsquare of the third party software.
Public API is used to obtain information that does not need access to personal data of the account. Trade API is needed to fulfill creation and cancellation of orders, request for active balances as well as to obtain information that requires access to personal data of the account.
Admissible quantity of requests to API from user's software is 100 requests per minute.
The User is obliged not to use API for spam by creating large quantity of orders with small amounts in order to cause BTCsquare load.
There are circumstances where BTCsquare may decide to remove a token from the BTCsquare exchange. BTCsquare reserves the right to remove any token or market from its Exchange for any reason and without prior notice.
Although not exhaustive, below is a list of factors that BTCsquare generally reviews when determining whether to delist a token or remove a market:
- Evolving regulatory standards and other compliance issues
- Poor implementation of use cases or poor reception by community
- Blockchain or related technology becomes compromised or defective
- Token no longer supported by token team or others
- Limited trading volume on the exchange or potentially suspicious trading activity
- Experience with token applicant/team and their responsiveness to information requests
- Violation of BTCsquare’s terms of service or token listing agreement
- Complaints by users or traders of the token