Terms of Service

1. Acceptance of Terms

By accessing and using the FERNET cryptocurrency exchange platform ("Service"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Description of Service

FERNET provides a cryptocurrency exchange platform that allows users to swap various digital assets. Our service includes:

• Instant cryptocurrency exchanges between 500+ supported digital assets
• Real-time market rates and transparent pricing
• Secure transaction processing without registration requirements
• 24/7 customer support and technical assistance
• Advanced security features and encryption protocols

3. Eligibility

To use our Service, you must:

• Be at least 18 years of age or the legal age of majority in your jurisdiction
• Have the legal capacity to enter into binding agreements
• Not be prohibited from using cryptocurrency services in your jurisdiction
• Comply with all applicable laws and regulations in your country of residence
• Not be located in any country subject to economic sanctions or trade restrictions

4. User Obligations

By using our Service, you agree to:

• Provide accurate and truthful information when required
• Maintain the security of your wallet addresses and private keys
• Use the Service only for lawful purposes
• Not attempt to manipulate or exploit the platform
• Report any suspicious activity or security vulnerabilities

5. Prohibited Use

You may not use our Service for:

• Money laundering, terrorism financing, or other illegal activities
• Circumventing economic sanctions or trade restrictions
• Engaging in market manipulation or fraudulent trading
• Attempting to hack, damage, or disrupt our systems
• Creating multiple accounts to abuse promotions or services
• Trading stolen, hacked, or otherwise illegally obtained cryptocurrencies
• Any activity that violates applicable laws or regulations

6. Fees and Charges

Our fee structure includes:

• Exchange Fees: Transparent fees disclosed before each transaction
• Network Fees: Blockchain transaction fees charged by networks
• No Hidden Fees: All applicable fees are clearly displayed

7. Risks and Disclaimers

Cryptocurrency trading involves significant risks:

• Market Volatility: Cryptocurrency prices are highly volatile and unpredictable
• Technical Risks: Blockchain networks may experience delays or failures
• Regulatory Risk: Changing regulations may affect cryptocurrency trading
• Loss of Funds: Incorrect wallet addresses may result in permanent loss
• Security Risks: Users are responsible for securing their private keys

8. Privacy and Data Protection

We are committed to protecting your privacy:

• We collect minimal personal information necessary for service provision
• Data is processed in accordance with applicable privacy laws
• We implement industry-standard security measures to protect your data
• We do not sell or share personal information with third parties without consent
• Users have rights to access, correct, or delete their personal data

9. Intellectual Property

All intellectual property rights in the FERNET platform are owned by us or our licensors:

• The FERNET name, logo, and branding are our exclusive trademarks
• Software, algorithms, and platform design are protected by copyright
• Users may not copy, reproduce, or distribute our intellectual property
• Any user-generated content remains the property of the user
• We reserve all rights not expressly granted to users

10. Limitation of Liability

To the maximum extent permitted by law:

• FERNET shall not be liable for any indirect, incidental, or consequential damages
• Our total liability shall not exceed the fees paid by you in the 12 months preceding the claim
• We are not responsible for losses due to market volatility or user error
• Users acknowledge that cryptocurrency trading is inherently risky
• We disclaim all warranties, express or implied, to the fullest extent permitted by law

11. Indemnification

You agree to indemnify and hold harmless FERNET, its officers, directors, employees, and agents from and against any claims, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:

• Your use of the Service
• Your violation of these Terms of Service
• Your violation of any applicable laws or regulations
• Any third-party claims related to your use of the Service
• Your negligent or wrongful conduct

12. Termination

These terms remain in effect until terminated by either party:

• By You: You may stop using the Service at any time
• By Us: We may suspend or terminate access for violations of these terms
• Effect of Termination: Certain provisions survive termination, including liability limitations and intellectual property rights
• Pending Transactions: We will complete pending transactions according to our standard procedures

13. Force Majeure

FERNET shall not be liable for any failure or delay in performance due to events beyond our reasonable control, including:

• Natural disasters, wars, or terrorist attacks
• Government actions or regulatory changes
• Internet outages or infrastructure failures
• Blockchain network congestion or failures
• Cyber attacks or security breaches affecting third parties

14. Governing Law and Dispute Resolution

These Terms of Service are governed by and construed in accordance with applicable laws:

• Any disputes shall be resolved through binding arbitration
• Arbitration shall be conducted in accordance with established arbitration rules
• Users waive the right to participate in class action lawsuits
• Small claims court proceedings are permitted for qualifying disputes
• Injunctive relief may be sought in appropriate courts

15. Modifications to Terms

We reserve the right to modify these Terms of Service:

• Changes will be posted on this page with updated effective dates
• Material changes will be communicated through appropriate channels
• Continued use of the Service constitutes acceptance of modified terms
• Users who disagree with changes should discontinue use of the Service
• We will maintain previous versions for reference when legally required

16. Contact Information

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Effective Date: June 26, 2025
Version: 1.0
By using FERNET, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.