Terms of Use
1General Provisions
1.1
These Terms of Use govern the relationship regarding the utilization of the website (hereinafter referred to as the "Website").
1.2
These Terms of Use are publicly accessible and open for review.
- "Explace": https://explace.io and all related products.
- "User": The individual accessing the Website and agreeing to these Terms.
- "Digital Asset": Blockchain-based software ledger data entries.
- "Exchange": Swapping one crypto asset for another.
- "Floating Rate": Exchange conducted at the most favorable current market rate.
- "Fixed Rate": Rate remains unchanged regardless of market fluctuations.
2Using of Services
2.1
By accessing and using the Website, you agree to these Terms of Use and confirm that you are responsible for adhering to all applicable laws and regulations.
2.2
Before utilizing the Website, you must ensure that:
- You are not using a VPN to conceal your physical location from a restricted jurisdiction.
- You are legally authorized to access this Website under the laws of your residence.
2.5 Fixed Rate Conditions:
Explace will proceed with the exchange only if:
- Timely receipt of the crypto asset within the specified timer.
- Correct transaction network is used as specified.
- Exact payment amount is sent as displayed.
3Personal Data
3.1
By agreeing to these Terms, you explicitly authorize Explace to process your personal data and to transfer it outside your jurisdiction if necessary.
4AML/KYC Procedure
4.1
We enforce a Know-Your-Customer (KYC) policy. If your transaction is flagged, we reserve the right to refund your exchange, deducting any applicable fees.
5Exchange Rates and Fees
5.1
Exchange rates are continuously updated. Exchange fees and third-party commissions are included in the rates displayed on the Website.
6Refund Policy
6.1
Cryptocurrencies are inherently irreversible. All transactions conducted through Explace are final, and the amounts are non-refundable.
7Prohibited Jurisdictions
7.1
Explace retains the right to use measures to prevent access from restricted jurisdictions, including obtaining your IP address.