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Terms of service

Effective Date: April 1, 2025

Introduction

These Terms of Service ("Terms") govern the use of OpenXSwitch and its services, including Crypto Swap, Ramp, and Wallet-as-a-Service. By accessing OpenXSwitch, you agree to comply with these Terms.

Definitions

In these Terms, "Client" refers to any individual or entity using OpenXSwitch services. "Custodian" refers to OpenXSwitch as the service provider. "Virtual Assets" refer to digital assets including cryptocurrencies.

Eligibility

  • Users must be legally authorized to use cryptocurrency services in their jurisdiction.
  • Businesses must comply with all applicable laws and provide necessary KYC documentation.

Services Offered

  • Crypto Swap: Instant exchange of cryptocurrencies.
  • Fiat Ramp: Seamless crypto-to-fiat and fiat-to-crypto conversion.
  • Wallet-as-a-Service: API-based wallet infrastructure for businesses.

User Responsibilities

  • Users must ensure they provide accurate information for transactions.
  • OpenXSwitch is not liable for lost funds due to incorrect wallet addresses or unauthorized access.

Fees and Charges

  • Transaction fees apply and are displayed before confirming any transaction.

Prohibited Activities

  • Users must not engage in illegal financial activities, fraud, money laundering, or any actions that violate applicable laws.

Service Availability

  • OpenXSwitch strives for uninterrupted service but does not guarantee 100% uptime due to blockchain and network dependencies.

Limitation of Liability

  • OpenXSwitch is not responsible for financial losses due to market volatility, third-party service failures, or regulatory actions.

Account Registration and Requirements

    Registration

    • All Clients must complete their Account registration before obtaining access to the Services.
    • Clients must provide accurate and complete information and update it when necessary.
    • The Custodian may refuse to open an Account at its sole discretion.

    Eligibility, Warranties, and Representations

    By registering an Account and using Services, Clients represent and warrant that:

    • They have read and agree to be bound by these Terms.
    • They have the legal capacity to enter into these Terms.
    • They are not subject to restrictions or prohibitions regarding Virtual Assets in their jurisdiction.
    • They will not use the Services for unlawful or abusive purposes.

    Clients Identity Verification

    • Clients agree to provide necessary personal or business information for verification.
    • The Custodian reserves the right to conduct AML/CTF checks and refuse or terminate access if necessary.
    • Clients are responsible for maintaining accurate contact information.

    API

    • The Custodian may provide an Application Programming Interface ("API") for Clients to integrate custodian Services within their own applications.
    • The Custodian reserves the right to modify, suspend, or remove API services at its discretion.
    • Clients are granted a limited, revocable, non-exclusive, non-transferable, non-sub-licensable right to use the API, subject to these Terms.
    • Clients must not misuse the API, including but not limited to:
      • Interfering with or disrupting the API or related networks.
      • Reverse engineering the API.
      • Performing unauthorized security testing.
      • Sublicensing the API.
      • Using API data for unauthorized purposes.
    • Clients must generate their own API Keys for access.
    • Clients acknowledge they are responsible for all actions performed via the API.
    • The Custodian is not liable for losses due to API usage.
    • The Custodian may suspend or terminate API access without notice if these Terms are violated.
    • API usage may be subject to rate limits, and exceeding these may result in access restrictions.

    No Financial Advice

    • The Custodian does not provide investment, financial, or trading advice.
    • Clients are solely responsible for their transactions and should consult financial or legal advisors as needed.
    • The Custodian is not responsible for any loss arising from Clients' decisions regarding Virtual Assets.

    Compliance with Local Laws

    • Clients must comply with local laws regarding Virtual Assets and taxation.
    • Clients affirm that their Virtual Assets are from legitimate sources.
    • The Custodian cooperates with law enforcement and may freeze or terminate flagged accounts.

    Changes to Terms

    • OpenXSwitch reserves the right to update these Terms at any time. Users will be notified of major changes.

    For questions, contact [email protected]

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