Terms of Use

Last Updated January 1st, 2015

USER AGREEMENT

The Basics:

This user agreement is a contract between you and Beaumont Ventures Ltd. (hereafter “igot”). By using the igot site, you are agreeing to these terms. Please read them carefully.

If you do not accept the terms and conditions of this user agreement, do not access the igot site and do not use these Services.

The Service:

The igot site allows buyers and sellers to buy and sell the Internet currency known as Bitcoin. To that end, igot provides a wallet service for Bitcoin storage.

BANKING PROVIDERS

igot uses banking providers in order to receive moneys and make payments. Our banking providers DO NOT transfer Bitcoins, exchange Bitcoins, or provide any services in connection with Bitcoins.

SITE AND SERVICES: THE RULES

Opening An Account:

By opening an account to use igot, you expressly represent and warrant:
1. You have agreed to this user agreement;
2. You are at least 18 years of age and have the full capacity to accept these terms; and
3. You are aware of igot's AML/CTF policy stated on this agreement.

Site Use:

In accordance with the user agreement, igot grants to you a non-exclusive and non-transferable limited right to enter and use the site. This site is for your personal use only.

Global Site Access:

Depending on your country of residence, you may not be able to use all the functions of the site. It is your responsibility to follow the laws in your country.

Site Availability:

We will use reasonable efforts to ensure that the site can be accessed. However, all services are provided without warranty of any kind, either express or implied. We may suspend use of the site for maintenance. While we will make reasonable efforts to give you notice, this may not always be possible. There are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.

Transactions:

Potentially high-risk buys or sells of Bitcoins, including those made using reversible payment methods may be canceled or reversed by igot. However igot cannot cancel or reverse bitcoin-to-bitcoin transactions as long as the bitcoin network confirms them.

In the event that funds need to be retrieved from offline storage, there may be a delay of up to seventy-two hours in sending or receiving Bitcoins.

igot reserves the right to alter the buy and sell limits on accounts as deemed necessary without prior notice.
igot reserves the right to refund original value of a transaction if it is unable to provide bitcoin.

Personal Information:

You hereby agree to provide igot with current, accurate, and complete information about yourself as prompted by the registration and verification process, and to keep such information updated. You explicitly agree to providing further verification on top of Level 2 verifications if igot deems necessary.

Other Users:

igot does not guarantee the identity of any user or other party or ensure that a buyer or seller will complete a transaction.

Use Your Own Account:

You hereby agree that you will not use any account other than your own, or access the account of any other Member at any time, or assist others in obtaining unauthorized access. Any attempt to engage in these activities will result in the account termination. Termination is not the exclusive remedy for such a violation. You are responsible for the withdrawal address of Bitcoin. igot cannot reverse a transaction once sent. You hereby agree to provide an address that you control and know will not expire in any limited time frame.

Illegal Use:

You agree that you will not use the igot site to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking. If you are found to be using the site for illegal purposes, igot reserves the right to terminate your account and report you to the appropriate agency.

Passwords:

You are responsible for maintaining the confidentiality of your account information, including your password, safeguarding your own Bitcoin, and for taking necessary measures to protect your own account.

If there is suspicious activity related to your account, igot may, but are not obligated, to freeze transactions pending review and to request additional information from you, including authenticating documents. You must comply with these security requests, or accept termination of your account.

Notices:

You are required to notify igot immediately of any problems, unauthorized use of your account or password, or any other breach of security by email addressed to hello@igot.com. Any user who violates these rules may be terminated, and thereafter held liable for losses incurred by igot or any user of the site.

You hereby agree that igot may provide you communications about your account and igot site electronically.

Taxes:

igot charges additional fee of 0.0009 BTC for all bitcoin Withdrawals and Send operations in case the amount is less than 100 BTC, otherwise - no fee is applied.


PRIVACY POLICY

This privacy policy governs our collection, processing and use of your personal information. By using the igot site, you consent to the igot privacy policy and data practices. We may periodically make changes to these policies and practices. While igot will attempt to notify you of these changes, it is your responsibility to review this privacy policy on regular basis and remain informed of any changes.

Your Personal Information:

igot will collect your personal information from the site. The type of personal information we gather may include:
1. Your name,
2. Your ID (high quality image of a government issued Identification Card),
3. Your email address,
4. Your physical address,
5. Your utility bill or bank statement (proof of residential address)
6. Your date of birth,
7. Your banking details including account numbers,
8. Your trades.

Uses of Your Personal Information:

igot may use your personal information for the following purposes:

  1. To process transactions,
  2. To send periodic emails with updates, promotions, company news, and changes to policies.
  3. To personalize your experience,
  4. To analyze use of our Site,
  5. To improve our Site,
  6. To improve customer service,
  7. To undertake a verification of your identity with third party electronic identification providers.

Cookies:

Cookies are used for the following purposes:
  1. Recognize you as an igot customer,
  2. Collect information about your computer to mitigate risk and help prevent fraud,
  3. Customize your experience, content, and advertising,
  4. Measure promotional effectiveness.

Flask cookies to promote account security are used, as well as both session and persistent cookies. These cookies are encoded so that only igot can interpret the information stored on them.

IP Addresses:

igot may collect information about your computer, including your IP address, for system administration and verification purposes.

Protecting Your Information:

Your personal information is stored on igot’s servers and with certain of igot’s service providers. It is protected by maintaining both electronic and physical procedural safeguards. We use computer safeguards such as firewalls and data encryption. Access to personal information is only for employees who require said information to perform their duties as employees.

Disclosure of Personal Information:

Personal information will not be disclosed, sold, or rented to third parties for their marketing purposes.

To process your payments, we may share some of your personal information with the person or the company that you are paying or that is paying you.

You consent to igot disclosing personal information when required by law to third parties for electronic identification purposes. Any third party receiving or having access to personal information is required to protect that information. igot will ensure that any such third party is aware of their obligations and that their standard of care equals our own.

Changing Personal Information:

You may access your personal information in order to make changes or corrections by visiting the ‘Setting’ section after login.

Retention of Personal Information:

Personal information will be kept for at least 5 years, or longer if required by law.

RISKS

The trading of any currency involves significant risk. Prices can and do fluctuate. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.

Bitcoin trading also has special risks not generally shared with currencies that are backed by governments or other legal entities, or by commodities such as gold or silver. There is no central bank to protect the value of Bitcoins. There may also be additional unforeseen risks not identified in this agreement.

Indemnification:

You hereby agree to indemnify and hold igot, its parent, the officers, directors, agents, and employees harmless from any claim or demand (including attorneys’ fees) arising out of your breach of this agreement or your use of igot Site.

User Disputes Release:

If you have a dispute with one or more Users, you release igot (and our parent, officers, directors, agents, and employees) from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.

Disputes with igot:

In the event of a problem or error, please email us at hello@igot.com.

You must contact us within 7 days of the transaction you wish to discuss. We will endeavor to correct the error or problem, or alternatively explain to you why we believe the transaction was correct within 30 days of the transaction.

If your account is in review, igot reserves the right to hold the funds until and unless the matter is resolved by you.
No withdrawals will be processed unless igot has had a satisfactory remedy to the discrepancies.


Limitations of Liability:

In no event shall igot (and our parent, officers, directors, agents, and employees) be liable for lost profits or any special, incidental or consequential damages arising out of or in connection with our Site, our Services, or this Agreement regardless of how they occurred including negligence.

In the event that a jurisdiction does not allow these types of limitations, igot’s liability (and that of our parent, officers, directors, agents, and employees) to you or any third party in any circumstance is limited to the actual amount of direct damages.

In no event shall igot (and our parent, officers, directors, agents, and employees) be liable for lost Bitcoin if you requested the Bitcoin to be sent at a temporary address. igot does not authenticate or takes into consideration the expiration of a Bitcoin address. If you wish for igot to cancel certain Bitcoin withdrawal, we should received a five business days notification.


No Warranty:

igot site and services are provided “as is” without any further representation of warranty whether express, implied or statutory. igot (and our parent, officers, directors, agents, and employees) specifically disclaim any implied warranties of title, merchantability, fitness for a particular purpose and non-infringement.

Arbitration:

Any dispute arising under this Agreement shall be finally settled on an individual basis and in accordance with the Rules of Arbitration of Hong Kong. You hereby expressly waive any trial by jury. The Arbitration shall take place in Hong Kong in the English language and the arbitral decision may be enforced in any courts. The prevailing party in any action or proceeding shall be entitled to costs and attorney’s fees.


Time Limits on Claims:

You hereby agree that any claim related to the use of the igot site must be filed within one year after such a claim arose or else your claim is permanently barred.

INTELLECTUAL PROPERTY
"igot.com", "igot", and all logos and materials related to igot services are either trademarks, or registered marks of igot or its licensors.

TERMINATION

Your Side:
You may terminate this agreement with igot, and close your account at any time, following settlement of any pending transactions.

Our Side:

You hereby agree that igot may in its sole discretion terminate your access to the Site and to your account, and acknowledge that igot may take any technical and legal steps to keep persons off the. Notice will be provided as appropriate.

Reasons for Termination:

igot may in appropriate circumstances and at our discretion, suspend or terminate accounts of members for any reason, including without limitation:
1. Attempts to gain unauthorized access to the site or another member's account or providing assistance to others' attempting to do so,
2. Overcoming software security features limiting use of or protecting any content,
3. Usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities,
4. Violations of is user agreement,
5. Failure to pay or fraudulent payment for transactions,

6. Unexpected operational difficulties,
7. Upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by igot, acting in its sole discretion, or
8. If igot deems it necessary to terminate relationship with any user for any or no reason, whatsoever.


Unconfirmed Inactive Accounts:

igot reserves the right to cancel unconfirmed accounts or accounts that have been inactive for a period of 6 months or more, and/or to modify or discontinue our site. Members agree that igot will not be liable to them or to any third party for termination of their account or access to the Site.

Payments of Past Commission:

The suspension of an account shall not affect the payment of the commissions due for past transactions.

Final Transfers:

Upon termination, members shall communicate a valid bank account to allow for the transfer of any credit on their account. The member shall hold said bank account. Bitcoins may be transferred to a valid bank account only after conversion into a government-backed currency. igot shall effectuate the transfer as soon as possible following the member's request. If you hold fiat balance on your account, a bank check will be mailed to your registered address within fifteen business days.

Charges:

Depending on circumstances, upon termination igot will send to you the balance of your account. You hereby agree to be liable for any charges incurred. igot will use reasonable efforts to ensure that such charges are disclosed to you prior to sending your payment.
Cross border transactions may be subjected to additional charge of 9% per transaction. igot reserves the right to charge this fee in certain cases where your base currency is; for example; GBP and you are transacting (with withdrawals or not) in USD or any other currency listed on the platform. This restriction also applies to IP switching. If you use foreign IP to gain better rate and switch back to your home IP to buy or sell for a more favorable rate, a fee of 9% will be charged and in some cases, all transactions will be reversed. The fee is deducted from your account before withdrawal. You maybe charged this fee for all previous transactions as well. igot may charge this fee on a daily, weekly, monthly, or yearly basis.

API’S AND WIDGETS

We may provide access to certain parties to access specific data and information through our API (Application Programming Interface) or through widgets. We also may provide widgets for your use to put our data on your site. You are free to use these in their original unmodified and un-altered state.

EXTERNAL WEB SITES

igot makes no representations whatsoever about any other site which you may access through igot. The site may provide links or other forms of reference to other websites ("External Web Sites") or Resources over which we do not have control. In such case you acknowledge that igot is providing these links or references to you only as a convenience. igot is not responsible for the content provided on External Web Sites. You bear all risks associated with the use of such content.

FINANCIAL ADVICE

We DO NOT provide any investment advice in connection with the igot site contemplated by this user agreement.

We may provide information on the price, range, volatility of Bitcoins and events that have affected the price of Bitcoins but this is not considered investment advice and should not be construed as such. Any decision to purchase or sell Bitcoins is your decision and igot will not be liable for any loss.

FINANCIAL REGULATION

Our business, site, and service, consists of facilitating the buying, selling and trading of Bitcoins and their use to purchase goods in an unregulated, international open payment system. The Services we provide are currently unregulated within certain countries.

EMAIL

igot is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats. Our standard response time for email is up to three business days.

JURISDICTION

This user agreement shall be governed and construed in accordance with the Hong Kong Law. The parties agree to irrevocably submit to the exclusive jurisdiction of the Courts of Hong Kong.


LIMITATION OF LIABILITY

To the extent permitted by law, igot will not be held liable for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss including if it is the result of negligence.

Nothing in these terms excludes or limits the liability of either party for willful deceit or fraud.

igot's aggregate liability in respect of claims based on events arising out of or in connection with any single member's use of the site, whether in contract or tort or otherwise, shall in no circumstances exceed the amount of the transaction(s) that are the subject of the claim less any amount of commission that may be due and payable in respect of such transaction(s).

INDEMNITY

To the full extent permitted by applicable law, you hereby agree to indemnify igot and its partners against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your use of the igot Site, your use of the Services, or from your violation of this user agreement.

MISCELLANEOUS

If igot is unable to perform the Services outlined in the user agreement due to factors beyond our control including but not limited to an event of Force Majeure, change of law or change in sanctions policy we will not have any liability to you with respect to the Site and Services provided under this agreement and for a time period coincident with the event.

MODIFICATION OF USER AGREEMENT

igot reserves the right to change, add or remove portions of this user agreement, at any time, in an exercise of its sole discretion. You will be notified of any changes in advance through your account. Upon such notification, it is your responsibility to review the amended user agreement. Your continued use of the site following the posting of a notice of changes to the user agreement signifies that you accept and agree to the changes, and that all subsequent transactions by you will be subject to the amended user agreement.

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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING POLICY (AML/CTF)


What is money laundering?

Money laundering describes the way some criminals use the legitimate financial system to hide or disguise the proceeds of crime. By distancing themselves and the money from the criminal activity that generated them, criminals are able to use these funds for future criminal activity or in legitimate business.

Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - Australia

The purpose of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (AML | CTF Act) is to detect and prevent money laundering and terrorism financing.More information on this act can be found at: http://www.austrac.gov.au/businesses/legislation/amlctf-act

What is igot’s AML/CTF policy?

igot.com’s ("igot"") Anti-Money Laundering and Counter-Terrorism Financing ("AML/CTF") is laid out to meet igot’s obligations and commitment to detecting, preventing and reporting attempts to use its financial services platform to illegally launder money for any reason including, but not limited to; funding terrorism, illegal trades, drug trafficking, or to commit fraud. This policy is in line with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, Australia.

What does igot collect, record, and report?

Identifying and verifying our customers:

Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) reporting entities offering one or more designated services must identify and verify our customers.

Individuals (other than Sole Trader):

We collect the following information on all individuals:

  • Collect and verify the full name of the individual
  • Collect and verify current residential address
  • Collect and verify the date of birth

Individuals (Acting as Sole Trader):

We collect the following information on all individuals acting as Sole Trader:

  • Collect and verify the full name of the individual
  • Collect and verify current residential address
  • Collect and verify the date of birth
  • Collect the full business name under which the customer carries on their business (if any)
  • Collect the Australian Business Number (ABN) issued to the customer (if any)

Company:

We collect the following information on all company / corporate accounts:

  • Collect and verify the full name of each director
  • Collect and verify current residential address of each director
  • Collect and verify the date of birth of each director
  • Collect and verify the full name of the company, as registered by the Australian Securities and Investments Commission (ASIC)
  • Collect the full address of the company's registered office
  • Collect the full address of the company's principal place of business (if any)
  • Collect and verify the Australian Company Number (ACN) issued to the company
  • Collect and verify whether the company is registered by ASIC as a proprietary or public company

What types of records do we keep?

AML/CTF Act outlines the types of records reporting entities must retain, which includes records of or about:

  • transaction records
  • electronic funds transfers
  • customer identification procedures
  • AML/CTF programs
  • due diligence assessments of correspondent banking relationships.

igot maintains these records for period of 5 years or more, where required by law.

Responding to discrepancies that arise while verifying customer and beneficial owner information

igot has risk-based systems and controls in place to respond to any discrepancies that may arise while verifying customer or beneficial ownership information. This may include collecting additional information from our customers:.

For example, a discrepancy may arise where:

  • the name on a customer's passport does not match the name the customer provides to the reporting entity
  • the name of a director provided by the company does not match any current director's name appearing on the company search extract.

igot records and reports such discrepancies to relevant government body.

igot is required to collect, report, record, and maintain each users’ activities on the platform. Your privacy is important to us, but at the same time, we are committed to complying with the AML/CTF Act 2006, Australia. To view our Privacy Policy, please click here.

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CONTACTING US

If you have any questions relating to your rights and obligations arising from this user agreement, your use of the site, your account, or any other matter, please contact: hello@igot.com

© 2017 igot. All Rights Reserved