Terms of Service
The following Terms of Service outline BlockBlend's key information handling practices. This document covers general rules of using virtual currency exchange service, lists main risks and prohibited jurisdictions, describes KYC/AML stance and procedures, and illustrates other important legal aspects. Before using any of BlockBlend’s services you are required to read, understand, and agree with these Terms
Document's contents
General Provisions
Using of Services
AML/KYC Procedure
Personal Data
Prices, Exchange Rates and Confirmations
Indemnification
Disclaimers
Limitation of Liability
Prohibited Jurisdictions
Permissible Use
Termination
Modifying the Website
Copyright Protection
Modifications
Entire Agreement
Severance and Validity
Costs
Miscellaneous
Please, read these Terms carefully. By accepting these Terms and using our services, you agree to be legally bound by these Terms and all terms incorporated by reference. If you don’t agree with these Terms or any of its Clauses, you shall immediately cease to use our services.
General Provisions
1.1. These Terms regulate relations pertaining to the using of the website https://blockblend.io (hereinafter – “Website”).
1.2. The following terminology applies to these Terms:
“User”, “You” and “Your” refers to you, the natural person (individual) accessing the Website, using our services through the Website and accepting these Terms..
“BlockBlend”, “Services”, “Ourselves”, “We”, and “Us” refers to the company CHN Group LLC., duly organized under the laws of Saint Vincent and the Grenadines.
“Party” refers to either you or us. For the avoidance of any doubt, the contracting Parties under these Terms are you and BlockBlend..
“Digital Asset”, “Cryptocurrency” refer to blockchain-based software ledger data entries.
“Exchange” means the swap of a crypto asset for another or the same one crypto asset, or the conversion of a fiat currency to cryptocurrency and vice versa.
"Crypto Assets" means a type of assets that can be transferred only and exclusively using blockchain technology, including, but not limited to digital coins and digital tokens, and any other digital mediums of exchange.
1.3. These Terms are open and public documents.
1.4. In these Terms, unless otherwise specified, the words importing the singular include the plural and vice versa, and the words importing gender include all genders.
1.5. The user accepts that the Terms of Use may be updated by BlockBlend at any time. If the user does not read and accept the Terms of Service, the User should not use or continue using the Services.
Using of Services
2.1. By using the website, you accept these Terms and agree that you are responsible for compliance with all applicable laws, and regulations.
2.2. Accepting the terms of the Exchange Rate means you acknowledge and agree that the information about the exchange rate is indicative and may differ slightly from the actual exchange rate
The following may be offered if the cryptocurrency market changes significantly during the Exchange:
To proceed with the exchange at the current market rate.
2.3. By using the bridging services, you acknowledge and agree that the exchange rate fluctuate based on volatility before or during the exchange.
BlockBlend shall complete the exchange if the following requirements are met:
The deposit for the exchange was sent within the parameters set during the exchange's creation.
We received the crypto asset in the allotted time after the User created the exchange. It is important to note that a payment transmitted to the blockchain network does not mean that BlockBlend has received this payment. The number of payment confirmations is determined by us depending on the blockchain.
The user sent the crypto asset to a specially generated address on the exchange page. Addresses for each exchange are disposable and should not be used again.
The user sent the between the minimum and maximum that was displayed on the website, as well as took into account all relevant withdrawal fees and network fees.
If the situation allows for an exchange, the transaction will be made at the rate that was confirmed by the user at the beginning of the exchange.
If the user sends an amount smaller or bigger than was specified and confirmed by the user before the creation of the exchange, the transaction shall be made in accordance with the Exchange Rate.
Sending assets below the minimum or above the maximum allowable amounts detailed during the exchange will cause an exchange failure and assets may be lost.
In limited cases (if the transaction is suspected of being connected to illegal activities) BlockBlend will automatically reverse the transaction less associated fees.
2.5. For the exchange via our Services, our system automatically generates a one-time address.
2.6. The Website provides non-custodial services, which means that we do not store your Digital Assets on deposits and balances.
2.7. By accepting these Terms and using the Website, you represent and warrant that:
you are at least 18 years old and have full capacity to contract under the applicable law;
are not located in, under the control of, or a national or resident of the prohibited jurisdictions (Section 10 hereunder);
you are only transacting on the Website with legally-obtained funds that rightfully belong to you;
you have not previously been suspended or removed from using the Website and our services;
you are not furthering, performing, undertaking, engaging in, aiding or abetting any unlawful activity through your relationship with us or through your use of the Website and our services;
you are comporting with and obeying these Terms and all applicable laws;
you shall use the Website and our services only for the purposes related to personal non-commercial use and you do not represent any third party;
you understand that engaging in the change of the Cryptocurrency may be risky;
you acknowledge and agree that BlockBlend is not acting as your broker, intermediary, agent or advisor or in any fiduciary capacity, and no communication or information provided to you by BlockBlend shall be considered or construed as advice;
you shall not mislead other Users and third parties during using the Website;
you will not take any action aimed solely at causing damage to BlockBlend;
you shall not reverse engineer, decompile or otherwise disassemble the Website or any of Blockblend’s software;
recognizing the international nature of the Internet, you accept all responsibility for compliance with all local laws and regulations relating to your actions in the network;
you agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures that BlockBlend provides in connection with your use of the Website and our services;
you understand and acknowledge that any delays in services are possible;
2.8. BlockBlend reserves the right, without providing notice or compensation, to temporarily suspend the Website or access to the Website in order to carry out work including, but not limited to: updates, maintenance operations and amendments to the servers, etc.
2.9 . In order to protect the integrity of the Website, BlockBlend reserves the right at any time in its sole discretion to block users who violate these Terms.
2.10. Please note there are certain specifics in respect of small deposits:
if You make a deposit in any coin or token, below the minimum amount detailed during the Exchange, BlockBlend will not to process this exchange due to technical limitations;
if You send a deposit in a coin or token that does not match the coin identified when creating the exchange, BlockBlend cannot process the exchange.
2.11. BlockBlend’s prepaid virtual debit card services are available worldwide with exceptions noted on the website.
2.12. User has read and understands the Risk Disclosure Statement provided.
AML/KYC Procedure
3.1. The Users don’t need to create accounts: you don’t need to register or log in to use the Website. Read more
Personal Data
4.1. By accepting these Terms, you acknowledge that BlockBlend does not collect or store any personal data.
4.2. For more information, read the official BlockBlend's Privacy Policy here.
Prices, Exchange Rates and Confirmations
5.1. Cryptocurrency and Digital Assets are highly experimental and risky.
5.2. BlockBlend’s conversion service attempts to provide accurate price and exchange rate information, but this information is highly volatile and can change quickly without Users necessarily being aware of these changes.
5.3. For normal orders, the exchange rate you receive is calculated at the time your payment is accepted. Due to varying security between blockchain, your payment is typically considered “accepted” at six blocks confirmation. It is important to note that a payment being broadcast to the blockchain network does not constitute an acceptance by BlockBlend of that payment.
5.4. BlockBlend’s interest ( BlockBlend’s remuneration for the using of its services and the Website) is included in the final rate of the User’s change transactions. You don’t need to pay additional fees directly to BlockBlend, unless otherwise provided by these Terms.
5.5. Please, contact the customer support via Telegram at https://t.me/BlockBlendSupportBot for more information on exchange rates and prices.
5.6. Please note that for blockchain technology, network fees are subject to change. Fluctuations in gas fees during the time your exchange has been created, or if you send a deposit amount that differs from the one specified during the exchange's creation, we cannot guarantee that the network fees will not affect the amount of cryptocurrency you will receive.
5.7. Taxes.
It is your responsibility to determine what, if any, taxes apply to the changes you complete via the Website and our services, and it is your responsibility to report and remit the correct tax to the appropriate tax authority. You agree that BlockBlend is not responsible for determining whether taxes apply to your exchanges or for collecting, reporting, withholding or remitting any taxes arising from any transactions.
5.8. Rate Discrepancies.
Please be aware that there might be instances where the Exchange rate presented on our platform differs from rates offered by other services or exchanges provided by other companies. These differences may arise due to the dynamic nature of the cryptocurrency market and because the rates at our liquidity providers may differ significantly from the sources. It's important to note that BlockBlend holds no liability for such variations in rates compared to external sources. Please note that BlockBlend does not hold liability for rates displayed on external resources. We advise all Users to verify the actual rates displayed by Us before initiating any exchanges through our platform. While We are dedicated to providing accurate and timely information, we cannot assume responsibility for discrepancies in rates with external resources. Users are advised to exercise prudence and consider the inherent volatility of the digital asset market when making exchange decisions.
Indemnification
6.1. You agree to hold harmless and indemnify BlockBlend from and against any third party claim arising from or in any way related to:
your breach of the Terms;
your violation of applicable laws, rules or regulations in connection with the Website and our services, including any liability or expense arising from all claims, losses, damages (actual and consequential), suits, judgments, litigation costs of every kind and nature.
Disclaimers
7.1. NOTHING IN THESE TERMS SHALL EXCLUDE OR LIMIT BlockBlend’S WARRANTY OR LIABILITY FOR LOSSES WHICH MAY NOT BE LAWFULLY EXCLUDED OR LIMITED BY APPLICABLE LAW.
7.2. YOU EXPRESSLY UNDERSTAND AND AGREE THAT YOUR USE OF THE WEBSITE AND OUR SERVICE IS AT YOUR SOLE RISK AND THAT THE WEBSITE AND SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED.
7.3. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, BlockBlend MAKES NO EXPRESS WARRANTIES AND DISCLAIMS ALL IMPLIED WARRANTIES REGARDING THE WEBSITE, SERVICES OR ANY APPLICATIONS OR EXTERNAL SITES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT CORRECTNESS, ACCURACY AND RELIABILITY.
7.4. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, BlockBlend DO NOT REPRESENT OR WARRANT TO YOU THAT: (A) YOUR USE OF THE WEBSITE AND SERVICES WILL MEET YOUR REQUIREMENTS, (B) YOUR USE OF THE WEBSITE AND SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE OR FREE FROM ERROR, (C) DATA PROVIDED THROUGH THE WEBSITE WILL BE ACCURATE OR (D) THE WEBSITE OR ANY CONTENT MADE AVAILABLE ON OR THROUGH THE WEBSITE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
Limitation of Liability
8.1. SUBJECT TO SECTION 8 ABOVE, YOU UNDERSTAND AND AGREE THAT BlockBlend SHALL NOT BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL CONSEQUENTIAL OR EXEMPLARY DAMAGES WHICH MAY BE INCURRED BY YOU, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, INCLUDING, BUT NOT LIMITED TO, ANY LOSS OF PROFIT (WHETHER INCURRED DIRECTLY OR INDIRECTLY), ANY LOSS OF GOODWILL OR BUSINESS REPUTATION, ANY LOSS OF DATA SUFFERED, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR OTHER INTANGIBLE LOSS, EVEN IF BlockBlend HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
8.2. SUBJECT TO SECTION 8 ABOVE, YOU AGREE THAT THE AGGREGATE LIABILITY OF THE BlockBlend TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE USE OF OR ANY INABILITY TO USE ANY PORTION OF THE WEBSITE OR SERVICES OR OTHERWISE UNDER THESE TERMS, WHETHER IN CONTRACT, TORT, OR OTHERWISE, IS LIMITED TO THE 500 EUR.
8.3. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, strict liability, or any other basis
Prohibited Jurisdictions
9.1. By accessing and using BlockBlend’s services and the Website, you represent and warrant that you are not prohibited by law to use this service in your country.
9.2. BlockBlend maintains the right to select its markets and jurisdictions to operate in and may restrict or deny its services to certain countries.
9.3. BlockBlend also maintains the right to use various methods to prevent the use of the Website and its services by the Users listed above. You are to comply with this Section, even if BlockBlend’s methods to prevent use of its services and the Website are not effective or can be bypassed.
9.5. Use of the Website is void where prohibited by applicable law.
Permissible Use
10.1. Use of the Website may carry financial risk, and is to be used as an experimental software utility only.
10.2. When accessing or using the Website, you agree that you will not violate any law, contract, intellectual property or other third-party right or commit a tort, and that you are solely responsible for your conduct while using the Website and our services.
10.3. Without limiting the generality of the foregoing, you agree that you will not:
damage, disable, overburden or impair the functioning of the Website in any manner;
use the Website and our services to pay for, support or otherwise engage in any illegal activities (such as illegal gambling activities, fraud, money-laundering or terrorist activities);
use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access to the Website or to extract data;
you shall not distribute viruses, worms, defects, Trojan horses, corrupted files, hoaxes, or any other items of a destructive or deceptive nature.
Termination
11.1. These Terms shall enter into force for the User since the use of the Website and shall be in force for an indefinite period.
11.2. BlockBlend reserves the right to suspend your access to the Website for any reason, including but not limited to breaches of these Terms, in its sole and absolute discretion, immediately without prior notice and without liability.
11.3. BlockBlend reserves the right to terminate or block your access to the Website for any reason, including but not limited to breaches of these Terms, in its sole and absolute discretion, immediately without prior notice and without liability.
11.4. BlockBlend shall not give reasons for its actions.
Modifying the Website
12.1. BlockBlend is constantly changing and improving the Website and its services.
12.2. BlockBlend has the right to add or remove functionalities or features to the Website, or add or create new limits for using the Website and its services at any time.
Copyright Protection
13.1. Using the Website does not give you ownership of any intellectual property rights in the Website, any software or the content you access.
13.2. The materials contained in the Website are protected by applicable copyright and trademark laws and treaties.
13.3. Use of search queries comprising a direct domain name or the brand name such as (but not limited to) BlockBlend.io, etc. is prohibited in paid SEA advertisements used to attract affiliates. Violation of this rule may result in exclusion from the affiliate program (included, but not limited to, blocking of API keys and forbidding of profit withdrawal).
Modifications
14.1. BlockBlend reserves the right to change, amend, or modify these Terms at any time. We will provide you with notice of such changes by updating the "Last Updated" date at the top of these Terms. The updated Terms will take effect immediately upon posting on the Website.
14.2. By using the Website, you agree to be bound by the then-current version of these Terms. Herewith continuation of the usage of the Website after making changes or amendments to these Terms means acceptance of the User of such changes or amendments, and therefore the User shall regularly monitor changes in these Terms.
Severance and Validity
15.1. If any provision of these Terms is or becomes illegal, invalid or unenforceable in any respect under the law of any relevant jurisdiction, such provision shall be deemed to be severed from these Terms and shall be replaced with one having an effect as close as possible to the deficient provision.
15.2. The remaining provisions of these Terms will remain in full force
Costs
16.1. From time to time, BlockBlend may need to spend time dealing with issues brought to us by the Users. Where any User’s issue is not caused by our negligence or oversight, we reserve the right to recover reasonable administrative costs spent addressing the User’s issue.
16.2. Except as provided otherwise in these Terms, each Party shall pay its own costs and expenses in connection with the negotiation, preparation and performance of these Terms.
Miscellaneous
17.1. Nothing in these Terms shall be construed as creating a joint venture, an agency relationship or a legal partnership between Parties.
Last updated