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Terms of Service

Date of the latest revision: 17 January 2019.

Welcome to Megadeals

Megadeals is a peer-to-peer platform (or «website», or «bots» or «Megadeals» or «service») on Telegram that enables its users to exchange bitcoin for fiat currency. Users can use the platform to create orders where they offer to buy or sell bitcoin. Other users reply to these orders and the two users can agree to trade bitcoins by using payment methods of their own convenience. For a user to sell bitcoins they ("seller") must store the bitcoins in the Megadeals wallet belonging to their account from where the bitcoins are transferred to the user purchasing the bitcoins ("buyer") after the seller confirms the received payment. All trades on this platform are conducted between users of the service. Megadeals may help to resolve disputes between buyers and sellers. Acting as an escrow provider (guarantor), Megadeals is not itself a party of any bitcoin trade or transactions conducted by its users.

These Terms of Service ("Agreement") form a legal agreement covering the provision of services ("service" or "services") provided by Megadeals ("Megadeals.io" or "Megadeals" or "us" or "our" or "we") to you as an individual ("you" or "your"). Your use of the services will be governed by this Agreement, along with the Megadeals Privacy Policy. Please read through this Agreement and Privacy Policy carefully before accepting them.

Your acceptance of terms

If you do not agree with any of these Terms of Use please do not use Megadeals, because by using our services you will be deemed to have agreed to these terms. Please note that these Terms of Use may be revised and reissued without notice at any time. You should visit this page regularly to review the current Terms of Use, since your continued use of the service will be deemed as irrevocable acceptance of any revisions.

Allowed jurisdiction

Services provided by Megadeals might not be legally allowed in certain jurisdictions. By accepting these terms and services you confirm that you are not resident of a such jurisdiction, including, but not limited to the Federal Republic of Germany and State of New York in the United States of America.

Jurisdictional Issues

Users of Megadeals are themselves responsible for making sure they are in compliance with legislation of the jurisdiction they operate in. The materials and all other content in Megadeals are presented solely for the purpose of providing information available.

Limitation of Liability

Megadeals does not accept any liability for any loss or damage, direct or indirect, resulting from any use of, or inability to use, the material, services, information, software, facilities, services or other content, regardless of the basis upon which liability is claimed and even if we has been advised of the possibility of such loss or damage. Without limitation, you (and not Megadeals) assume the entire cost of all necessary servicing, repair or correction or correction in the event of any such loss or damage arising. Megadeals does not provide any legal advice on working with banks and fiat payments processing.

System Abuse

Without limitation, you agree not to send, create or reply to so called mailbombs (i.e., emailing or messaging copies of a single message to many users, or sending large or multiple files or messages to a single user with malicious intent) or engage in spamming (i.e., unsolicited emailing or messaging for business or other purposes) or undertake any other activity which may adversely affect the operation or enjoyment of this service by any other person. You may not reproduce, sell, resell or otherwise exploit any resource, or access to any resource, contained on this service.

Registration details

To access services, you may be asked to provide registration details. It is a condition of use of this bot that all the details you provide will be correct, current, and complete. If we at Megadeals believe the details are not correct, current, or complete, we have the right to refuse you access to the our services, and to terminate or suspend your account.

Your Use of Material

Your right to make use of service and any material or other content appearing on it is subject to your compliance with these Terms of Use. Modification or use of the material or any other content for any purpose not permitted by these Terms of Use may be a violation of the Copyright and is prohibited. You may access and display material and all other content displayed on Megadeals for non-commercial, personal, entertainment. The material and all other content on Megadeals may not otherwise be copied, reproduced, republished, uploaded, posted, transmitted, distributed or used in any way unless specifically authorised by Megadeals.

Wallet

By accepting these terms you confirm that you will use your cryptocurrency only for legal operations in your jurisdiction. Megadeals does not accept any liability for your activity.

Escrow fees

Service charge of 0.8% fee from seller or buyer who created the order (charged only after the trade / transaction has been completed). Real network fee and time to first confirmation depends of current network status and settings of cryptocurrency wallet that we set by our discretion.

Withdrawal fees

Withdrawal fees are regularly adjusted according to blockchain conditions. As of writing the fee for Bitcoin is 0.0002000 BTC. Transaction are proceessed in queue approximately every 5 minutes;

Referrals

If you invite new user via your referral link and he is locked as your "referral" you will get a dividend from his trading activity. You will get 50% of the fee we take from your referral for every trade done.

Services

Megadeals reserves the right to modify or discontinue, temporarily or permanently, all or any part of any Megadeals software, facilities and services, with or without notice, and/or to establish general guidelines and limitations on their use.

Messages

The materials, informations and opinions included and/or expressed in or on the messages, feedbacks, advertisements or other pages on this service are not necessarily those of Megadeals or it's affiliated or related entities or content providers. Megadeals is not responsible to monitor or review the messages, feedbacks or advertisements and the content of the messages, feedbacks or advertisements is not the responsibility of Megadeals. We may remove or modify any content without notice of liability at any time in sole discretion. Any use of the messages, feedbacks, advertisements or any other content on Megadeals services will be at your own risk and will be subject to the disclaimers and limitations on liability set out above.

Advertisements and trading

With a registered account you can create cryptocurrency trade orders to advertise that you are purchasing or selling cryptocurrency. You may initiate trades («trades» or «contacts» or "transactions" or "deals") by contacting orders created by other users or wait for users to initiate trades with you by contacting orders created by yourself. By initiating a trade you agree to be bound by the terms of trade set forth by the seller / buyer and displayed as terms of trade on the orders terms and conditions section. The terms of trade as determined by the advertiser are valid in all cases except when the advertisers terms contradict the Megadeals Terms of Service or are illegal or if both parties of the trade consent to alter the terms of trade. Terms of the transaction, which the author writes in his order, have a recommendatory nature and can not be used as a weighty argument in the dispute. The price or price equation defined in the order must contain any and all fees the advertiser requires the user initiating the trade to pay. After initiation of a trade the cryptocurrency price is locked and cannot be changed or any additional fees added. The agreement on additional commissions, users conclude at their own peril and risk. This can not be a weighty argument in the dispute. Orders must be placed in the correct payment category, if a category does not exist for the payment method it must be placed in the Other category. We may hide, remove, or limit your orders, if you violate these Terms of Service or any other agreement you enter into with Megadeals, or as otherwise specified in these Terms of Service or other agreement you have entered into with Megadeals. We may also use proprietary fraud and risk modeling when assessing the risk associated with your Account. When a user buying cryptocurrency with traditional electronic payment methods using the escrow service, the buyer is required to transfer accurate amount of fiat currency specified in the exchange transaction in one payment. Arrangement for sending several payments - at your own peril and risk. This can not be a weighty argument in the dispute. In case of violation of these terms and conditions; sellers are not required to release cryptocurrency without a request of Megadeals support staff and the transaction may be cancelled at the discretion of the support staff. Buyer and seller should be ready to prove his/her identity and payments proofs for Megadeals or transaction may be cancelled at the discretion of the support staff. Buyer and seller should check the counterparty identity and fiat money legality on their own as is possible on any step before the deal. Megadeals can not check the legality of fiat money or cryptocurrency sources and does not accept any liability for your activity. By accepting these terms you confirm that you will buy cryptocurrency only for money from legal for your jurisdiction source and you will sell cryptocurrency only from legal for your jurisdiction source. If you induce Megadeals users to dealing without escrow or induce to release his cryptocurrency without fact of receiving fiat money by seller, your account will be terminated at the staff discretion. To prevent fraud, Cryptocurrency must be held in escrow during the whole trade process until the seller has received payment in full. Cryptocurrency buyers must be able to, upon request by Megadeals, provide adequate proof of payment for up to 180 days after the trade has been completed. We use proprietary fraud and risk modeling when assessing the risk associated with your account, your ads and your trades. If we find your account to pose a high risk to Megadeals or our customers we will consider you in breach of these terms of service and may temporarily limit your account and freeze your cryptocurrency wallet in accordance with these terms of service

Disputes with trades

If the buyer and seller of a cryptocurrency trade are in disagreement over a trade either party or Megadeals may initiate a dispute. Disputed trades are resolved by Megadeals arbitrator. Arbitrator of Megadeals resolves disputes by carefully evaluating whether the transaction violated the terms of service, payment evidence, trade chat messages, user reputation, other data submitted to us by our users and data collected by us as part of the privacy policy. When sellers turn unresponsive, we will resolve the dispute to the buyer if we are confident the seller has received valid payment from the buyer. If the buyer is unresponsive the seller may dispute the trade and we will resolve the dispute to the seller. After the trade has been released by the seller the trade is considered finished cannot be disputed, reversed or altered by users. Disputes for «Cash» deals and other payment methods with personal meetings are not allowed to disputes. Providing fraudulent information or documents in a dispute or making false claims or otherwise trying to force a certain outcome of a disputed trade is considered a violation of this agreement. If payment details are provided outside of Megadeals the dispute may be resolved without taking the payment details into consideration. In case the buyer has sent the required amount, but has violated the conditions of the seller, the seller is obliged to either refuse the fiat payment (refund) or accept such payment, thereby completing the deal. At the time of return processing, the deal is in the status of a dispute until the return of fiat funds.

Disclaimer of Warranties & Liability

Your use of Megadeals is at your own risk. Megadeals and all the materials, information, software, facilities, services and other content are provided 'As Is' and 'As Available' without warranties of any kind, either expresses or implied. Megadeals does not warrant that the functions contained in Megadeals will be available, uninterrupted or error-free, that defects will be corrected, or that Megadeals or the servers that make them available are free of viruses or other harmful components. Megadeals LIMITED does not warrant or make any representation.

Personal Information

We collect the personal data that you volunteer on forms which you submit to us in messages that you send to us. In addition we automatically gather your id / username in Telegram messenger. We do not release this information to any outside party, except in suspected fraud cases. When fraudulent activity is suspected, we may release the users details to the party that the user has been trading with.

Correction and Updation of Personal Information

You may request that we amend any personal data that we are holding about you which is factually inaccurate. You contact us stating your wishes.

Registration & user account

To access Megadeals resources it has to offer, you may be asked to provide registration details in order to register a user account («account»). It is a condition of use of Megadeals that all the details you provide will be correct, current, and complete. If we at Megadeals believe the details are not correct, current, or complete, we have the right to refuse you access to Megadeals, or any of its resources, and to terminate or suspend your account. A user can only act on his own behalf. No Megadeals account can be used to act as an intermediary or broker. A user can only use his own trading accounts to trade at Megadeals. A user account must not contain misleading information about the user, including, but not limited to having non-personal phone number. A user is not allowed to share his or hers account access with any other person or entity without prior approval from Megadeals administrator. Sharing account access with any 3rd party might result your Megadeals account(s) to be terminated. We may at any time require you to complete our ID verification process and may also require you to submit additional identification documents to Megadeals if we deem it necessary. Failing to complete ID verification will be considered a violation of this agreement. If we determine that you have at any previous point in time violated this agreement or any other agreement that you have entered into with us we will immediately close, suspend or limit your account and cryptocurrency balance as per the terms outlined in this agreement. We may close, suspend, or limit your access to your account or to other Services we offer, and/or limit access to your cryptocurrency balance for up to 180 days (or longer if pursuant to a court order or other legal process) if you violate these Terms of Service or any other agreement you enter into with Megadeals, or as otherwise specified in these Terms of Service or other agreement you have entered into with Megadeals. We may also use proprietary fraud and risk modeling when assessing the risk associated with your account, high risk users are deemed to be in violation of this agreement.

Submissions, Messages, Postings and E-mails

Megadeals is always interested in hearing from you. It is, however, our policy that we will not accept or consider unsolicited submissions of concepts, stories, or other potential content. Therefore, please do not send Megadeals any unsolicited submissions. From time to time, areas on Megadeals may expressly request submissions of concepts, stories, or other potential content from you. Where this is the case, please carefully read any specific rules or other terms and conditions which appear elsewhere on Megadeals to govern those submissions, since they will affect your legal rights. If no Additional Terms govern those submissions, then these Terms of Service will apply in full to any submissions you make. Please act responsibly when using Megadeals. You may only use Megadeals and its contents for lawful purposes and in accordance with applicable law and you are prohibited from storing, distributing or transmitting any unlawful material through Megadeals. You recognize that storing, distributing or transmitting unlawful material could expose you to criminal and/or civil liability. You agree that if a third party claims that material you have contributed to Megadeals is unlawful, you will bear the burden of establishing that it is lawful. You understand and agree that all materials publicly posted (other than by Megadeals) or privately transmitted on or through Megadeals are the sole responsibility of the sender, not Megadeals, and that you are responsible for all material you upload, post or otherwise transmit to or through Megadeals. We at Megadeals require that you do not post emails or submit to or publish through Forums or otherwise make available on Megadeals any content, or act in a way, which in our opinion: 1. Libels, defames, invades privacy, stalks, is obscene, pornographic, racist, abusive, harassing, threatening or offensive; 2. Seeks to exploit or harm children by exposing them to inappropriate content, asking for personally identifiable details or otherwise; 3. Infringes any intellectual property or other right of any entity or person, including violating anyone's copyrights or trademarks or their rights of publicity; 4. Violates any law or may be considered to violate any law; 5. You do not have the right to transmit under any contractual or other relationship (e.g., inside information, proprietary or confidential information received in the context of an employment or a non-disclosure agreement); 6. Advocates or promotes illegal activity; 7. Impersonates or misrepresents your connection to any other entity or person or otherwise manipulates headers or identifiers to disguise the origin of the content; 8. Advertises any commercial endeavor (e.g., offering for sale products or services) or otherwise engages in any commercial activity (e.g., conducting raffles or contests, displaying sponsorship banners, and/or soliciting goods or services) except as specifically authorized on Megadeals; 9. Solicits funds, advertisers or sponsors; 10. Includes programs which contain viruses, worms and/or 'Trojan horses' or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications; 11. Disrupts the normal flow of dialogue, causes a screen to scroll faster than other users are able to type, or otherwise act in a way which affects the ability of other people to engage in real time activities via Megadeals; 12. Copies any other pages or images on Megadeals except with appropriate authority; 13. Includes MP3 format files; 14. Amounts to a 'pyramid' or similar scheme; 15. Amounts to 'data warehousing' (i.e., using any web space made available to you as storage for large files which are only linked from other sites). You must provide a reasonable amount of content to accompany such material in order that at least some of the traffic to your site comes directly via us; 16. Disobeys any policy or regulations established from time to time regarding use of Megadeals or any networks connected to Megadeals; or contains links to other sites that contain the kind of content, which falls within the descriptions above. In addition, you are prohibited from removing any sponsorship banners or other material inserted by Megadeals anywhere on Megadeals (e.g., on any web space made available for your use).

Security

You are prohibited from using any services or facilities provided in connection with Megadeals to compromise security or tamper with system resources and/or accounts. The use or distribution of tools designed for compromising security (e.g. password guessing programs, cracking tools or network probing tools) are strictly prohibited. If you become involved in any violation of system security, Megadeals reserves the right to release your details to system administrators at other services and companies and government in order to assist them in resolving security incidents.

Links and third-party sites

This privacy statement applies solely to information collected by Megadeals. Megadeals may link you to other services, sites and other resources ("resources") on the Internet. These resources may contain information or material that some people may find inappropriate or offensive. These other resources are not under the control of Megadeals, and you acknowledge that (whether or not such resources are affiliated in any way with Megadeals) Megadeals is not responsible for the accuracy, copyright compliance, legality, decency, or any other aspect of the content of such resources. The inclusion of such a link does not imply endorsement of any resources by Megadeals or any association with its operators. Megadeals cannot ensure that you will be satisfied with any products or services that you purchase from any third-party resources that links to or from Megadeals since other bots/stores are owned and operated by independent webmasters/retailers.

Termination

Account of any user who violated these Terms of Service may be suspended on an indefinite period or terminated with the fully or partly confiscation of the coins and cancellation of all active deals. Megadeals chat on Telegram has a chat room available to its users. Please remember that any information that is disclosed in these areas become public information and you should exercise caution when deciding to disclose your personal information. Investigations Megadeals reserves the right to investigate suspected violations of these Terms of Use, including without limitation any violation arising from any submission, posting or e-mails you make or send to any Forum. Megadeals may seek to gather information from the user who is suspected of violating these Terms of Use, and from any other user. Megadeals may suspend any users whose conduct or postings are under investigation and may remove such material from its servers as it deems appropriate and without notice. If we believe, in its sole discretion, that a violation of these Terms of Use has occurred, it may edit or modify any submission, posting or e-mails, remove the material permanently, cancel postings, warn users, suspend users and passwords, terminate accounts or take other corrective action it deems appropriate. Megadeals will fully cooperate with any law enforcement authorities or court order requesting or directing Megadeals to disclose the identity of anyone posting any e-mails, or publishing or otherwise making available any materials that are believed to violate these Terms of Use.

Data retention policy

We retain your personal information as long as it is necessary and relevant for our service. We may retain information from closed accounts to comply with national laws, prevent fraud, collect any fees owed, resolve disputes, troubleshoot problems, assist with any investigation, enforce our Terms of Service and take other actions permitted or required by applicable national laws. Messages and links to file attachments hosted on Telegram servers and related to trades are stored for 180 days after the trade closes.