Terms Of Service

Cryptocurrency Terms and Conditions
Introduction
These Cryptocurrency Terms are to be read in conjunction with our Privacy agreement which can be found at https://88swap.co.uk/privacy-policy/
These Cryptocurrency Terms set out the basis on which 88Swap.co.uk will provide you with the option of gaining exposure to certain cryptocurrencies. They constitute a framework agreement which sets out the terms and conditions of you using, accessing, viewing, or in any way interacting with 88Swap.co.uk including applying for an Account or using 88Swap.co.uk’s Cryptocurrency Services (the “Cryptocurrency Services”) in any way (“88Swap.co.uk Interaction”).
Before you can obtain exposure to the Cryptocurrency Services you are required to read these Cryptocurrency Terms and the various associated risk warnings contained herein
By proceeding with any 88Swap.co.uk Interaction, you accept and acknowledge the associated risks in dealing with cryptocurrencies and the Cryptocurrency Services and your agreement with these Cryptocurrency Terms. You further agree to accept the decisions of 88Swap.co.uk with respect to all matters relating to the Cryptocurrency Services including the terms of any third-party providers which 88Swap.co.uk may engage with in the provision of the Cryptocurrency Services.
Although 88Swap.co.uk is a Top Provider in this industry, it is important to note that the Cryptocurrency Services we provide in relation to these Cryptocurrency Terms, as with the majority of cryptocurrency services across the world, are currently unregulated in some Territories, and in some are illegal.
By using 88Swap.co.uk Cryptocurrency Services, you agree to be bound by and acknowledge and understand these Cryptocurrency Terms, and the associated risks as stated herein or as otherwise may be applicable. You further agree that:
You have the full (including legal) capacity to accept these Cryptocurrency Terms and enter into a transaction involving cryptocurrencies;
Your jurisdiction or country of residence allows you to register an account with 88Swap.co.uk and use the Cryptocurrency Services and you are not a resident of a country which prohibits the purchase, sale or custody of cryptocurrencies, whether directly or indirectly;
You have at all times provided correct and accurate information during the process of creating an 88Swap.co.uk Account and during any and all Interaction. You undertake that if your details change you will notify 88Swap.co.uk immediately and you shall bear any losses that occur due to the submission of invalid, incorrect or inaccurate information;
It is your sole responsibility to ensure your compliance with the laws of your jurisdiction or country of residence or any other applicable country from which you may be accessing our Cryptocurrency Services and you agree to indemnify 88Swap.co.uk for all consequences of failure to do so;
You will not use the Cryptocurrency Services except for their intended purpose and not contrary to the general prohibitions regarding your 88Swap.co.uk Account.
You are familiar with the nature and workings of the technology behind cryptocurrencies, and in particular the irreversibility of transactions and the apparent risks associated with exposure to cryptocurrencies.
If you do not accept these Cryptocurrency Terms you are not permitted to use our Cryptocurrency Services or in any way proceed with any 88Swap.co.uk Interaction and must cease doing so immediately.
Risk Warnings
By using the Cryptocurrency Services or engaging in any 88Swap.co.uk Interaction, you acknowledge that you understand and accept all associated risks. The below is not intended to be an exhaustive list and the risks usually inherent in dealing with cryptocurrencies apply. There may be additional risks that we have not foreseen or identified in these Cryptocurrency Terms or any other risk warnings. Please read the following risk warnings carefully. You should carefully assess whether your financial situation and tolerance for risk is suitable for any form of exposure to cryptocurrencies.
You acknowledge and agree that:
Cryptocurrencies are still an experimental technology which is evolving and may change at any time;
The trading and exchange of real or virtual currencies involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your digital assets at any given moment. Any currency – virtual or not – may be subject to large movements in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or exchanging any cryptocurrency;
Cryptocurrency exchanges also carry special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, cryptocurrency is a unique type of currency, backed by technology and trust. There is no central bank that can take corrective measure to protect the value of cryptocurrency in a crisis, or issue more currency;
The price or value of cryptocurrency can rapidly increase or decrease at any time and may even fall to zero. The risk of loss in trading or holding cryptocurrencies can be substantial and can result in the loss of your entire exposure;
Using 88Swap.co.uk Cryptocurrency Services may carry regulatory risk, which may arise from the suspension or termination of your 88Swap.co.uk Account due to legal or regulatory reasons;
Our banking providers do not transfer cryptocurrencies, exchange cryptocurrencies, or provide any services in connection with cryptocurrencies;
88Swap.co.uk Services may carry operational risk due to the potential malfunctioning of the 88Swap.co.uk’s online web services or due to scheduled or unscheduled downtime.
Cryptocurrency Services
88Swap.co.uk offers you cryptocurrency exposure as part of the Cryptocurrency Services, enabling you to use certain of the Electronic Money held in your 88Swap.co.uk Account (i.e. standard, non-virtual currency that is issued by a central bank, otherwise known as “fiat currency”) to obtain exposure to Cryptocurrency.
88Swap.co.uk may from time to time notify you of additional Cryptocurrencies to which we will offer exposure.
When you wish to gain exposure to Cryptocurrency you shall instruct 88Swap.co.uk to start mining your chosen crptocurrency in the form of a Virtual Mining Contract purchased on your behalf via our Cryptocurrency Exchange Mining Service.
As an 88Swap.co.uk Account holder, you will have no relationship, contractual or otherwise, with the Cryptocurrency Exchange performing the mining operation. 88Swap.co.uk will be the contracting party with the Cryptocurrency Exchange and will carry out such exchanges in relation to your transaction.
When you purchase Cryptocurrency, it is not held in 88Swap.co.uk custody or possession. Custody of the Cryptocurrencies which 88Swap.co.uk offers exposure to remains with the relevant Cryptocurrency exchange facility network provider until transferred to wallet of recipient.
Users cryptocurrency will be stored in a “Digital Wallet” after the process of the virtual currency mining has been executed. The amount generated from the mining operation will be administered by 88Swap.co.uk to transfer the digital currency into the user’s wallet on record. 88Swap.co.uk will maintain a record of the confirmations at every stage of the electronic transfer for each transaction from wallet to wallet after the CrytoCurrency tokens are mined.
Restrictions relating to the Cryptocurrency Services
88Swap.co.uk may apply limits to the amount of cryptocurrency that an 88Swap Account holder will be able to gain exposure to per transaction for the specified Mining Contract. These limits will be determined at 88Swap.co.uk’s sole discretion and may be amended and adjusted from time to time.
Any limits as described above will be outlined directly to the user whilst using the Cryptocurrency Services and before any proposed Mining Contraction is processed or accepted.
Availability of Cryptocurrency Services
We make no guarantee that you will be able to gain your requested exposure to a cryptocurrency at the time of your request. 88Swap.co.uk will only enact & setup or execute an exchange or Mining contract for the corresponding Cryptocurrency on your behalf if our systems & exchanges are able to facilitate each transaction or if we can fulfil an order to meet the minimum amount of the contract.
We cannot guarantee the value of any cryptocurrency at the point of your request for exposure or acquisition of a crypto currency token.
In the event that a ‘technical issue’ occurs within the underlying Cryptocurrency’s protocol or transfer to wallet, we will liaise with the relevant Cryptocurrency Exchange or network provider in order to determine the best approach for Account holders in relation to such event. Any decision made on behalf of 88Swap’s Account holders will be made at 88Swap’s sole discretion.
We will use reasonable endeavours to ensure that the Cryptocurrency Services can normally be accessed by you in accordance with these Cryptocurrency Terms. However, the Cryptocurrency Services are provided without warranty of any kind, either express or implied. We do not represent that the Cryptocurrency Service will be available 100% of the time to meet your needs. We will use reasonable endeavours to provide you with the Cryptocurrency Service as soon as possible but 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.
We may suspend use of the Cryptocurrency Services for maintenance and we will make reasonable efforts to give you notice. You acknowledge that this may not be possible in an emergency.
Fees
Any applicable fees we charge for the Cryptocurrency Services will be shown at the time of making a Crypto currency Transaction through our online platform, before you confirm the same. We may from time to time adjust our Fees, and introduce new fees, in accordance with these Cryptocurrency Terms or any other applicable 88Swap.co.uk Terms.
Users will pay a fee, which is all inclusive of the cost of the contract on each transaction, which has been derived for using our equipment & operating systems, that were involved in the Mining procedure: to achieve the minimum stated quantity, of virtual crypto currency for that particular algorithm, that was used to mine the digital currency. This combined fee, that is all inclusive as part of the cost price of the Mining contract, accounts for any volatility that could arise in the base price of the crypto coin. The price you will pay for a Crypto currency Transaction will be clearly shown and fixed for a set period of time before you confirm the same.
The cost of the fees we charge will be included in the price of your Crypto currency Transaction and therefore be taken in your pre-selected fiat currency.
There are no other additional fees for signing up or using the Crypto currency Services.  
These Crypto currency terms of service are accurate as at the date of publication. Prior to using the Cryptocurrency Services, it is your responsibility to ensure you have read and understand the current version of 88Swap’s legal policies in relation to conducting business with us, and any other associated legal contracts we publish. Please ensure you have the latest versions. We reserve the right to amend these Crypto currency terms and conditions at our sole discretion at any time.