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BYNAI

Terms of Service

Last updated: December 2024

1. Introduction

Welcome to BYNAI. These Terms of Service ("Terms") govern your access to and use of the BYNAI platform, including our website, mobile applications, APIs, and all associated services (collectively, the "Services"). By accessing or using our Services, you agree to be bound by these Terms and our Privacy Policy.

BYNAI provides a digital asset trading platform that enables users to trade cryptocurrencies and digital assets. Please read these Terms carefully before using our Services. If you do not agree to these Terms, you may not access or use the Services.

2. Eligibility

To use BYNAI Services, you must:

  • Be at least 18 years old or the age of majority in your jurisdiction
  • Have full legal capacity to enter into a binding agreement
  • Not be a resident of any jurisdiction where cryptocurrency trading is prohibited
  • Not be subject to any sanctions or listed on any denied party lists
  • Complete our identity verification process as required

3. Account Registration and Security

To access certain features of our Services, you must create an account. When creating an account, you agree to:

  • Provide accurate, current, and complete information
  • Maintain and update your information to keep it accurate
  • Keep your account credentials confidential and secure
  • Notify us immediately of any unauthorized access to your account
  • Accept responsibility for all activities that occur under your account

We strongly recommend enabling two-factor authentication (2FA) and using strong, unique passwords. BYNAI will never ask for your password or 2FA codes via email, phone, or social media.

4. Trading Services

BYNAI provides various trading services including:

  • Spot Trading: Buy and sell digital assets at current market prices
  • Futures Trading: Trade perpetual and delivery contracts with leverage
  • AI Trading Agents: Automated trading strategies powered by artificial intelligence

You acknowledge that trading digital assets involves significant risk, including the potential loss of your entire investment. Past performance is not indicative of future results. You should only trade with funds you can afford to lose.

5. Fees and Charges

BYNAI charges fees for using our Services. These may include:

  • Trading fees (maker and taker fees)
  • Withdrawal fees
  • Funding fees for perpetual contracts
  • Other fees as disclosed on our platform

Fee schedules are available on our website and may be updated from time to time. We will notify users of significant fee changes in advance.

6. Prohibited Activities

You agree not to engage in any of the following prohibited activities:

  • Market manipulation, including wash trading, spoofing, or layering
  • Money laundering, terrorist financing, or other illegal activities
  • Using automated systems to gain unfair advantages (unauthorized bots)
  • Attempting to circumvent security measures or access restrictions
  • Creating multiple accounts to abuse promotions or evade restrictions
  • Impersonating other users or BYNAI staff
  • Distributing malware or engaging in phishing activities
  • Violating any applicable laws or regulations

7. Risk Disclosure

Trading digital assets carries significant risks:

  • Price Volatility: Digital asset prices can be extremely volatile and may fluctuate significantly in short periods
  • Leverage Risk: Trading with leverage amplifies both potential profits and losses
  • Liquidity Risk: Some markets may have limited liquidity, affecting your ability to execute trades
  • Technical Risks: System failures, cyber attacks, or technical issues may affect trading
  • Regulatory Risk: Changes in laws and regulations may impact digital asset trading
  • Loss of Funds: You may lose some or all of your invested capital

By using our Services, you acknowledge that you understand these risks and accept full responsibility for your trading decisions.

8. Intellectual Property

All content, features, and functionality of the Services, including but not limited to text, graphics, logos, icons, images, audio clips, software, and the compilation thereof, are the exclusive property of BYNAI or its licensors and are protected by copyright, trademark, and other intellectual property laws.

You may not copy, modify, distribute, sell, or lease any part of our Services without our prior written consent.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BYNAI AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR OTHER INTANGIBLE LOSSES, RESULTING FROM:

  • Your use or inability to use the Services
  • Any unauthorized access to your account or data
  • Trading losses or missed trading opportunities
  • System failures, interruptions, or technical issues
  • Actions of third parties on or through the Services

10. Indemnification

You agree to indemnify, defend, and hold harmless BYNAI and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable attorney's fees) arising out of or related to your use of the Services, your violation of these Terms, or your violation of any rights of a third party.

11. Termination

We may suspend or terminate your account and access to the Services at any time, with or without cause, including but not limited to:

  • Violation of these Terms
  • Suspected fraudulent, abusive, or illegal activity
  • Requests by law enforcement or government agencies
  • Extended periods of inactivity
  • Discontinuation of the Services

Upon termination, your right to use the Services will immediately cease. You may withdraw any remaining funds in accordance with our withdrawal procedures, subject to applicable laws.

12. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which BYNAI operates, without regard to its conflict of law provisions.

Any disputes arising out of or relating to these Terms or the Services shall be resolved through binding arbitration in accordance with the rules of a recognized arbitration institution. You agree to waive any right to participate in class action lawsuits or class-wide arbitration.

13. Changes to Terms

We reserve the right to modify these Terms at any time. We will notify users of significant changes by posting the updated Terms on our website and/or sending email notifications. Your continued use of the Services after such changes constitutes your acceptance of the new Terms.

14. Contact Information

If you have any questions about these Terms, please contact us at: