Terms and Conditions for "My Private Copy" Cryptocurrency Trading Bot
Welcome to My Private Copy, an automated cryptocurrency trading bot designed to execute trading strategies using leverage. By accessing or using this service, you agree to be bound by the following Terms and Conditions. These terms constitute a legally binding agreement between you (the "User") and the provider of My Private Copy (the "Provider"). Please read these terms carefully before using the bot. If you do not agree with any part of these terms, you must not use the service.
1. Acceptance of Terms
By using My Private Copy, you confirm that you are at least 18 years old (or the legal age of majority in your jurisdiction) and have the legal capacity to enter into this agreement. You acknowledge that you have read, understood, and agree to these Terms and Conditions in their entirety. If you are using the bot on behalf of an organization, you represent and warrant that you have the authority to bind that organization to these terms.
2. Risk Disclosure
- High Risk of Loss: Cryptocurrency trading is inherently risky and speculative. The use of leverage significantly amplifies both potential gains and losses. You acknowledge that there is a substantial risk of losing your entire investment, and in some cases, you may incur losses that exceed your initial deposit.
- No Guarantees: My Private Copy does not guarantee profits or protection against losses. The bot operates based on predefined algorithms and market conditions, which can change rapidly. Past performance is not indicative of future results. You are solely responsible for any financial decisions made using this bot.
- Market Volatility: Cryptocurrency markets are highly volatile and can experience extreme price fluctuations within short periods. This volatility can lead to significant losses, including the total loss of your funds. You acknowledge that the bot cannot predict or control market movements.
- Technical Risks: The bot relies on technology and internet connectivity, which may be subject to disruptions, delays, or failures. Such issues may result in missed trading opportunities or unintended losses. The Provider is not responsible for any losses arising from technical failures.
3. Leverage and Loan Mechanism
- Use of Leverage: My Private Copy utilizes leverage to execute trades. Leverage allows you to open larger positions with a smaller amount of capital, but it also increases the risk of significant losses. You acknowledge that the use of leverage can result in the liquidation of your positions if the market moves against you.
- Loan Deployment: To prevent liquidation, My Private Copy may deploy a loan to maintain your trading positions. This loan is used to cover margin requirements and keep your trades open. The decision to deploy a loan is made automatically by the bot based on predefined parameters.
- Loan Repayment:
- The loan can only be repaid from new deposits made to your account.
- During the period when a loan is active, withdrawals will be locked until the loan is fully repaid.
- You agree that any new deposits will be used to repay the loan before any funds can be withdrawn.
- Responsibility for Loans: You are fully responsible for any loans deployed by the bot. Failure to repay the loan may result in the loss of your funds or additional penalties. The Provider is not liable for any losses incurred due to loan deployment or repayment.
4. Withdrawal Restrictions
- Locked Withdrawals: During the period when a loan is active, withdrawals will be temporarily locked. This is to ensure that the loan can be repaid from new deposits.
- Withdrawal Eligibility: Withdrawals will only be permitted once all loans have been fully repaid and there are no outstanding obligations. You acknowledge that the Provider reserves the right to delay or deny withdrawals if there are unresolved issues with your account.
- Withdrawal Fees: Withdrawals may be subject to fees, which will be deducted from your account balance. You are responsible for understanding and accepting these fees before initiating a withdrawal.
5. User Responsibilities
- Financial Responsibility: You are solely responsible for managing your funds and understanding the risks associated with cryptocurrency trading and the use of leverage. You should only invest funds that you can afford to lose.
- Compliance with Laws: You agree to comply with all applicable laws and regulations in your jurisdiction regarding cryptocurrency trading, taxation, and financial transactions. The Provider is not responsible for any legal consequences arising from your use of the bot.
- Account Security: You are responsible for maintaining the security of your account credentials, including your username, password, and two-factor authentication (if applicable). Any unauthorized access to your account may result in the loss of your funds. The Provider is not liable for any losses arising from unauthorized access.
- Accurate Information: You agree to provide accurate and up-to-date information when creating and maintaining your account. The Provider reserves the right to suspend or terminate your account if any information provided is found to be false or misleading.
6. No Financial Advice
My Private Copy does not provide financial, legal, or tax advice. The bot is a tool for executing trades based on predefined strategies. You should consult with a qualified professional before making any financial decisions. The Provider is not responsible for any financial losses or damages resulting from your use of the bot.
7. Limitation of Liability
- No Liability for Losses: The Provider shall not be liable for any losses, damages, or expenses incurred as a result of using My Private Copy. This includes, but is not limited to, losses due to market volatility, technical issues, loan deployment, or unauthorized access to your account.
- No Warranty: The bot is provided "as is" without any warranties, express or implied. The Provider does not guarantee the accuracy, reliability, or completeness of the bot's functionality. You use the bot at your own risk.
- Indemnification: You agree to indemnify and hold harmless the Provider, its affiliates, and its employees from any claims, liabilities, damages, or expenses arising from your use of My Private Copy.
8. Termination of Service
The Provider reserves the right to suspend or terminate your access to My Private Copy at any time, for any reason, without prior notice. This includes, but is not limited to, instances of suspected fraud, violation of these Terms and Conditions, or technical issues.
9. Amendments to Terms
The Provider reserves the right to modify these Terms and Conditions at any time. Any changes will be effective immediately upon posting on the official website or platform. Your continued use of My Private Copy constitutes acceptance of the revised terms. It is your responsibility to review these terms periodically for updates.
10. Governing Law
These Terms and Conditions shall be governed by and construed in accordance with the laws of Curacao. Any disputes arising from the use of My Private Copy shall be resolved exclusively in the courts of Curacao. You agree to submit to the jurisdiction of these courts and waive any objections to venue or forum.
11. Miscellaneous Provisions
- Entire Agreement: These Terms and Conditions constitute the entire agreement between you and the Provider regarding the use of My Private Copy. Any prior agreements, representations, or understandings are superseded by these terms.
- Severability: If any provision of these Terms and Conditions is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
- Waiver: The failure of the Provider to enforce any provision of these terms shall not constitute a waiver of that provision or any other provision.
12. Contact Information
If you have any questions or concerns regarding these Terms and Conditions, please contact us at support@example.com. The Provider will make reasonable efforts to address your concerns in a timely manner.
Acknowledgment
By using My Private Copy, you acknowledge that you have read, understood, and agreed to these Terms and Conditions. You further acknowledge that you are aware of the risks associated with cryptocurrency trading and the use of leverage, including the potential loss of your entire investment. You accept full responsibility for any financial decisions made using the bot.
Proceed at your own risk.