By using cifertron Website/App www.cifertron.com or cifertron mobile app (collectively the “Website/App”) and further by registering with cifertron and creating your account (“Account”) to use the live Swap engine (“Swap Engine”) for Swap in cryptocurrencies such as Bitcoins, Ethereum and such other cryptocurrencies that cifertron may Swap in from time to time (collectively “Cryptocurrencies” and each individually a “Cryptocurrency”), you (“User”) are hereby agreeing to be bound by these terms and conditions (“Swap Terms and Conditions”). cifertron reserves the right to update and change, from time to time, these Swap Terms and Conditions, and any other document without any notice to or re-acceptance from the User and any such change/updation shall be effective from the date of posting on the Website/App. The User’s continued use of the Website/App following the posting of a notice of changes to the Swap Terms and Conditions signifies that the User’s acceptance to such changes and that all subsequent transactions by the User will be subject to the amended Swap Terms and Conditions.
As used herein, cifertron refers to Cifertron Technologies Private Limited, a private limited company incorporated under the laws of Singapore and having its registered office at 114, Jenhins Street, Polario Building, Sengkang - 540105.
cifertron provides a platform for Swap in Cryptocurrencies. The User hereby expressly agrees and warrants that:
The User is aware that the prices of Cryptocurrencies are extremely volatile in nature whose prices are subject to sharp changes (Cryptocurrencies may even become worthless) which may cause huge losses to the User. There may also be additional risks and uncertainties that have not been mentioned in these Swap Terms and Conditions. The User has sole responsibility to assess whether the User can manage the risk associated with Swap in Cryptocurrencies.
cifertron has in no way induced or lured the User into opening an Account with cifertron to Swap in Cryptocurrencies;
The User is legal owner of the money used to purchase and Swap Cryptocurrencies and the same has been received by the User through legal means and channels and is not in any way connected with any illegal or fraudulent activity;
The User is the legitimate owner and is allowed to use all Cryptocurrencies deposited on his/her Account and that the transactions being carried out by the User do not infringe the rights of any third party or any applicable laws;
All information provided by the User to cifertron including all identity and personal information as well as documents are true and accurate in all respects;
The User shall use the Account with cifertron only for Swap of Cryptocurrencies;
The User is above 18 years of age, is of sound mind, and has the legal and mental capacity to enter into legally binding contracts with third parties;
The User is a resident citizen of the Republic of Singapore; and
The User is aware that cifertron may change these Swap Terms and Conditions at any time and the User hereby provides consent to any such changes.
cifertron and its owners/affiliates are not liable for any damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts or Account. cifertron is not responsible for any technical failure or malfunction of the software or delays of any kind. cifertron is not responsible for non-receipt of registration details or e-mails. Users shall bear all responsibility of keeping any password secure. cifertron is not responsible for the loss or misuse of the password.
cifertron is not responsible for the content of any of linked or external third party sites. By providing access to other web-sites, cifertron is neither recommending nor endorsing the content available in the linked or external third party Website/Apps.
cifertron and the User are aware that Cryptocurrencies are as yet unregulated in other countries except Singapore. It is not backed by any government or central bank backed currencies. Regulation in future may limit or prohibit the usage of Cryptocurrencies in Singapore. New legislation may also affect the operations of cifertron, which, as a registered company in Singapore, will comply with all relevant laws and regulation. The User understands the current legality of Cryptocurrencies and shall not hold cifertron liable for any proceedings against the User in any Court of law or before any governmental, administrative, regulatory, judicial or quasi-judicial authority for using the Website/App or Account. The usage of the Website/App is subject to applicable laws and is available to only those Users who are permitted to use the services of the Website/App as per applicable laws. The Users undertake that by using the Website/App, the User is permitted to do so under applicable laws.
The User acknowledges that he is fully aware of the risks involved in online Swap activities, including the risk involved due to unauthorized access or any technical difficulties. Furthermore, in a technical environment, should an error occur with respect to the tracking of any account holding or order entry, the true, actual and correct transaction or position may not be restored. It is the User’s responsibility to ensure account correctness and accuracy and to contact cifertron immediately in respect of any discrepancies.
Users are advised to use the content and data on the Website/App for the purpose of information only and rely on their own judgment while making investment decisions. In case cifertron gives any information on the Website/App, such information shall not be considered as advice of any kind and the User shall use its own judgment to make all decisions.
cifertron does not make any personal recommendations. The information on our Website/App is provided solely to enable Users to make their own investment decisions and does not constitute a recommendation to buy, sell or otherwise deal in Cryptocurrencies.
The User understand that cifertron is only a Swap and p2p platform to enable exchanging, receiving and sending of Cryptocurrencies between Users. The value of Cryptocurrencies may vary drastically depending on the market conditions for Swap the Cryptocurrencies.
The User undertakes that the prices of the Cryptocurrencies as displayed on the Website/App are binding on the Users and the Users waive all their rights and claims against cifertron in relation to any dispute with respect to the prices of the Cryptocurrencies as determined and displayed by cifertron.
The User undertakes to not dispute the methodology used by cifertron to determine the prices of the Cryptocurrencies. The User acknowledges and agrees that the prices of the Cyrptocurencies are extremely volatile and may vary within a matter of seconds. cifertron is absolved from any liability on account of any loss suffered by the User while using the Website/App and Swap in Cryptocurrencies.
The price and value of investments in Cryptocurrencies and the income derived from them can go up or down and you may not get back the capital invested. Changes in the rate of exchange may have an adverse effect on the value, price and value of your investment. Past performance is not necessarily an indicator of future performance. The services and investments in Cryptocurrencies may have tax consequences and it is important to bear in mind that cifertron does not provide any tax advice regarding Cryptocurrencies and the increase or decrease in their value. The level of taxation depends on individual circumstances and such levels and bases of taxation can change. You should consult your own tax advisor in order to understand any applicable tax consequences.
Cryptocurrency Swap has specific risks, which may not be shared with other official currencies, goods or commodities in a market. Unlike most currencies, which are supported by government reserves or other legal entities, as well as commodities such as silver and gold, Cryptocurrency is not backed by any Government authority. Cryptocurrency is only backed by mathematics, technology and trust. The currency is absolutely decentralized, which means there is no authority that can take corrective measure to protect the Cryptocurrency value in a crisis or issue more currency. When using Cryptocurrencies, Users put their trust in the digital, decentralized and mostly anonymous system, which relies on P2P networking and cryptography to maintain its integrity. Swap in Cryptocurrencies is susceptible to irrational or rational bubbles or absolute loss of confidence, which could collapse demand/supply. Any actions, even remotely connected to Cryptocurrencies can crash confidence in this currency, such as unexpected changes imposed by the currency developers, a government crackdown, the creation of a superior competing Cryptocurrency alternative, or even a deflation or inflation spiral. Confidence might also collapse because of various technical problems: if the anonymity of the system can be compromised, funds lost or stolen, or in the event that hackers or governments become able to prevent Cryptocurrency transactions from settling. cifertron shall not be liable for any loss caused to the User due to any of the risks related to Swap in Cryptocurrencies, whether currently known or unknown.
Price and availability of products and services offered on the site are subject to change without prior notice. cifertron may provide information about the availability of products or services to a certain extent but the Users should not rely on such information. cifertron will not be liable for any lack of availability of products and services the User may order through the site.
General: The User hereby agrees and warrants that all information and particulars provided by the User has been provided voluntarily without any inducement or pressure and is true to the best of his/her knowledge and belief. In case any particulars provided by the User are incorrect or fraudulent, cifertron shall be at liberty to terminate the User’s Account. cifertron further reserves the right, at its sole discretion, to deny the User access to the Swap Engine or any portion thereof without notice for any reason it deems fit, including: (a) any unauthorized or illegal access or use by the User; (b) any assignment or transfer (or attempt to do the same) of any rights granted to the User under these Swap Terms and Conditions; (c) any violation of these Swap Terms and Conditions.
Single Registration: Each individual is allowed to register only once and no person is allowed to create multiple Accounts. For the sake of abundant clarity, a User who uses the Website/App for (a) its wallet service to store Cryptocurrencies; and (b) for the Swap platform for Swap in Cryptocurrencies, is also allowed to register only once and the same Account must be used for both purposes. If any User is found to be using or registered with multiple Accounts, such User’s access to the Swap Engine may be terminated. The use of scripts or any automated system to register is strictly prohibited. cifertron assumes no responsibility for lost, late, incomplete, incorrect, or misdirected registrations. cifertron is not responsible for technical, hardware or software malfunctions, misdirected entries, lost or unavailable network connections, or other communications or other technical problems related to the registration.
Know Your Customer (KYC) process: cifertron may undertake any KYC process on the Users prior to providing access to the Users to use the Website/App or Account. The User undertakes to provide all information and disclosures as required by cifertron. KYC process may require an updation from time to time and the Users may be directed to furnish additional documents to cifertron. The Users agree that cifertron may disclose any KYC information received from the Users to any entity if requested by any Government authority, court of law, or otherwise at the sole discretion of cifertron.
Know Your Customer (KYC) process: cifertron may undertake any KYC process on the Users prior to providing access to the Users to use the Website/App or Account. The User undertakes to provide all information and disclosures as required by cifertron. KYC process may require an updation from time to time and the Users may be directed to furnish additional documents to cifertron. The Users agree that cifertron may disclose any KYC information received from the Users to any entity if requested by any Government authority, court of law, or otherwise at the sole discretion of cifertron. The Users hereby expressly agree and confirm that they have no objection in authenticating themselves with Govt Id based authentication system and consent to providing their Govt Id details, biometric and/or one time pin/password (OTP) data (and/or any similar authentication mechanism) for Govt Id based authentication for the purposes of registering themselves with cifertron. The Users understands that the Govt Id details , biometrics and/or OTP and/or any other authentication mechanism they may provide for authentication shall be used only for authenticating their identity through the Govt Id authentication system for completing the KYC process of cifertron and for no other purposes. The Users agree that cifertron may have access to the Users personal data while using the Govt Id based authentication.
The Swap Engine: The Swap Engine is a live Cryptocurrency Swap platform whereby the Users can Swap between various Cryptocurrencies.
Opening Account and Starting: Once the User creates an Account by registering with cifertron, the User will be allowed to enter the exchange area. Once the User enters the Swap area the User will see the following displays:
Current Origin Price – This is the current price at which the Users can Swap a specific Cryptocurrency into another. This is the exchange rate based on the last Swap that has been completed (“Current Price”).
Current Destination Price – This is the current price at which a specified cryptocurrency will be Swapped in. This is the exchange rate based on the last Swap that has been completed (“Destination Price”).
Network Fees – This is the fees that will be deducted from user based upon the current network fees on blockchain.
Comission Fees – This is the fees that will be charged from user by cifertron to Swap one cryptocurrency into another. the current rate of comission is 0.3% which may subjected to change in future and cifertron will update the user by providing the new terms of services agreement.
Market Price – This is the price that represents the price of 1 cryptocurrency into another for example 1 BTC = 26.334 ETH.
cifertron Crypto Price Chart: The cifertron Crypto Price Chart displays the price data of selected cryptocurrency over various periods which can be selected by the User to check the price at particular time and date. The data can be modified by the User upon changing the data range, i.e. Users will be able to select options such as last 24 Hours, 7 Days, 1 Month, 3 Months, All time etc. . This is merely a pictorial representation for the benefit of the Users.
Account Balance: The Users will also be able to view the current balance in their Account at all times. A Users account balance shall display the balance of each Cryptocurrency currently in the User’s Account. The User agrees that the balance provided in the Account is only a Swap advance which shall be utilised for the convenience of the User to Swap Cryptocurrencies. The monies lying in the User’s account shall not be construed to be a deposit of any nature with cifertron. The User shall always be the owner of the monies lying in the User’s account.
My Swap Transaction History: “My Transaction History” displays all of the User’s processed, cancelled, declined and pending Swap requests. Once a transaction has been executed/ completed, it may no longer be cancelled.
My Crypto Transaction History: In the "My Crypto Transaction History" Section the Users will be able to see all the crypto transactions like sent, received and pending pertaining to the User.
The participation by the User in the exchange platform does not in any way constitute any gambling, betting, wagering, speculation, lottery, raffle, sweepstakes, etc. in any form whatsoever. There has been no collection of any money, cash or other valuable thing from the User by cifertron for any such purpose. cifertron shall charge a fee from its Users for the services of providing the Swap Engine and/or usage of the Website/App which may be a percentage of the transaction amount or a fixed fee, at the sole discretion of cifertron. The fees are subject to change from time to time at the sole discretion of cifertron. The fees charged may be in the form of Cryptocurrencies or any SGD, decided at the sole discretion of the cifertron. The Users shall bear all applicable taxes and any other statutory levies over and above the fees charged by cifertron.
The User acknowledges and agrees that cifertron may set off any amounts owed to it by the User by usage of the Website/App against any sums provided in the Account of the User. If the obligations are in Cryptocurrencies, cifertron may convert the obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.
cifertron shall be under no liability whatsoever in respect of all actions, claims, demands, proceedings, losses, damages, personal injury (including actual or perceived loss of reputation, defamation or the like) (hereinafter ‘Dispute’) and costs, charges and expenses whatsoever, arising directly or indirectly out of:
any Disputes from third parties relating to any loss suffered or alleged to have been caused by the User in relation to the usage of the Website/App. The settlement of this Dispute shall be the sole responsibility of the User;
the exercise by cifertron of its right to terminate the Website/App or the User’s rights to use the Website/App or Account;
any breach of the User’s warranties as set out in these Swap Terms and Conditions, mis-statement, mis-representation, error or omission in any details disclosed to cifertron while setting up the Account or while using the Website/App thereafter;
late, lost, delayed, damaged, misdirected, incomplete, undelivered, inaccurate, illegible or unintelligible transactions;
any error made (inadvertently or otherwise) by the User or anyone acting through him while making deposits, withdrawals from or transferring cash or Cryptocurrencies into or from the User’s cifertron Account.
any error made (inadvertently or otherwise) by the User or anyone acting through him while making deposits, withdrawals from or transferring cash or cryptocurrencies into or from the User’s cifertron Account.
telephone, electronic, hardware or software program, network, Internet or computer malfunctions, failures or difficulties of any kind;
failed, incomplete, garbled, or delayed computer transmissions;
the downloading of any material in connection with the Website/App;
the cancellation of the User’s Account due to cancellations, delays or interruptions due to acts of God, acts of war (declared or undeclared), natural disasters, weather, acts of terrorism, riot or civil disturbance, satellite or equipment failure, federal, state or local law, order or regulation, public health crisis, or order of any court or any condition caused by events beyond the reasonable control of cifertron that may cause the Website/App to be disrupted or corrupted;
any injuries, losses or damages of any kind arising in connection with or as a result of the usage of the Website/App, or acceptance, possession, or use of Cryptocurrencies;
any loss of the monies lying the Account of the Users;
any printing or typographical errors in any materials associated with the Website/App.
Government authority or agency directing, the closure of all accounts on cifertron’s platform, or declaring Cryptocurrencies as illegal and/or unenforceable.
The User further agrees that it will not be compensated by cifertron for “lost opportunity” viz., notional profits on Swap orders which could not be executed.
cifertron MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND EXPRESS OR IMPLIED, REGARDING THE USAGE OF THE Website/App. BY USING THE Website/App, EACH USER AGREES TO RELEASE AND HOLD cifertron AND EMPLOYEES, OFFICERS, DIRECTORS, SHAREHOLDERS, AGENTS, REPRESENTATIVES OF SPONSOR, ITS AFFILIATES, SUBSIDIARIES, ADVERTISING, PROMOTION AND FULFILLMENT AGENCIES HARMLESS FROM ANY AND ALL LOSSES, DAMAGES, RIGHTS, CLAIMS AND ACTIONS OF ANY KIND IN CONNECTION WITH THE USGAGE Website/App OR RESULTING FROM ACCEPTANCE, POSSESSION, OR USE OF CRYPTOCURRENCIES, INCLUDING WITHOUT LIMITATION, PERSONAL INJURY, DEATH, AND PROPERTY DAMAGE, AND CLAIMS BASED ON PUBLICITY RIGHTS, DEFAMATION, OR INVASION OF PRIVACY. EACH PARTICIPANT ALSO AGREES TO RELEASE AND HOLD cifertron HARMLESS FROM ANY AND ALL LOSSES, DAMAGES, RIGHTS, CLAIMS AND ACTIONS OF ANY KIND IN CONNECTION WITH THE USE OF THE Website/App OR RESULTING FROM ACCEPTANCE, POSSESSION, OR USE OF CRYPTOCURRENCIES, INCLUDING WITHOUT LIMITATION, PERSONAL INJURY, DEATH, AND PROPERTY DAMAGE, AND CLAIMS BASED ON PUBLICITY RIGHTS, DEFAMATION, OR INVASION OF PRIVACY.
cifertron SHALL NOT BE LIABLE TO THE USER OR ANY THIRD PARTY FOR DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, SPECIAL OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, LOSS OF SAVINGS, LOSS OF BUSINESS OPPORTUNITY, REGARDLESS OF THE FORM OF THE ACTION OR THE THEORY OF RECOVERY, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
The total aggregate liability of cifertron, for claims asserted by a User or any third party in relation with the contest, regardless of the form of the action or the theory of recovery, shall be limited to the amount of the commission charged by cifertron for the particular transaction.
The User hereby agrees to indemnify and keep cifertron indemnified from and against all actions, claims, demands, proceedings, losses, damages, personal injury, costs (including legal costs) (hereinafter ‘Claim’), charges and expenses whatsoever which cifertron may at any time incur, sustain, suffer or be put to as a consequence of or by reason of or arising out of:
any violation, breach or alleged breach of the terms by the User including but not limited to breach of any warranty or mis-statement, mis-representation, error or omission in any details disclosed to cifertron.
the negligence, mistake or misconduct of the User (directly or indirectly);
any Claim relating to infringement or alleged infringement of any intellectual property rights;
any action, suit or claim by any third party arising out of the usage of the Website/App by the User;
any Claim from third parties relating to the credit, character and reputation (including actual or perceived loss of reputation, defamation or the like), alleged to have been caused by the User in relation to usage of the Website/App. The liability arising under this Claim shall be the sole responsibility of the User;
any issues arising out of spyware/viruses/malware in the Cryptocurrencies or information submitted by the Users.
Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any establishment, which may arise or accrue to the usage of the Website/App by the User, shall be to the sole account of the User. Tax deducted at source, if any, shall be payable by the User directly.
By using the Website/App, entrants agree that (a) any and all disputes, claims, and causes of action arising out of or connected with the usage of the Website/App, or any Cryptocurrencires, shall be resolved individually, without resort to any form of class action; (b) any and all claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, including costs associated with using the Website/App, but in no event attorneys’ fees; and (c) under no circumstances will any User be permitted to obtain any award for and the User hereby waives all rights to claim punitive, incidental or consequential damages and any and all rights to have damages multiplied or otherwise increased and any other damages, other than for actual out-of-pocket expenses.
The User hereby expressly acknowledges and agrees that the User has initiated the act of registering on cifertron entirely of his/her own free will and cifertron has not caused, induced, urged, prompted, instigated, drawn, compelled, persuaded or engendered the User to open an Account and Swap in Cryptocurrencies in any manner or form.
The User acknowledges and agrees that cifertron may from time to time need to make structural changes to the Swap platform that could result in system downtime, i.e. the Website/App and the Swap platform being unavailable for access. Any such changes will (where possible or necessary) be broadcast in advance to all Users, and carried out at times which cifertron considers will cause the least disruption.
cifertron shall have no liability to the Users for any downtime to the Swap platform for any reason whatsoever, nor for any downtime caused by general Internet failure, the failure of any Internet connection or the failure of any User equipment.
In case of any grievance or complaints with the Website/App or its performance please contact our Grievance Officer. The name and contact details of the grievance office appointed by the Company as per the Information Technology Act, 2000 and the rules made thereunder is as follows:
Cifertron Technologies Private Limited
114, Jenhins Street,
Sengkang - 540105,
Time: Mon - Friday (9:00 A.M. - 6:00 P.M.)
Once a complaint has been received, all endeavors will be made to address the complaint as soon as possible.
The content of the Website/App cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed for any non-personal use without obtaining prior permission from cifertron. We reserve the right to terminate the accounts of Users who violate the proprietary rights, in addition to necessary legal action.
cifertron may prohibit any User, if cifertron is of the opinion that the User is showing a disregard for these Swap Terms and Conditions, or acts (1) in an unfair or fraudulent manner; (2) with an intent to annoy, abuse, threaten, or harass any other User or cifertron; or (3) in any other disruptive manner.
The use of software, machines, computers, scripts or any automated system is strictly prohibited. If any User tries to influence the rate of exchange of Cryptocurrencies or gain an unfair advantage in any manner whatsoever, such User shall be liable to be prohibited from conducting any further transactions on the Swap Engine and may be reported to the appropriate authorities. Any decision in this regard or in any regard shall be taken at the sole discretion of cifertron and shall be final.
Any attempt by a User or any other individual to deliberately damage the Website/App or undermine the legitimate operation of cifertron is a violation of criminal and civil laws and should such an attempt be made, cifertron reserves the right to seek damages from any such User to the fullest extent permitted by law.
Completion of a transaction may be stopped by cifertron at any time, if cifertron in good faith, believes that such transaction may be fraudulent or may adversely impact the Cryptocurrency economy, or may adversely impact the exchange rate of Cryptocurrencies, etc.
The Website/App is for the exclusive purpose of transactions to be carried out within the territorial jurisdiction of Singapore.
The User agrees that, whenever a transaction is made, the Swap Engine sends and receives the monetary sums and/or Cryptocurrencies from the User’s Account in the User’s name and on the User’s behalf, through the system.
The User is responsible for maintaining the confidentiality of information on his/her Account, including, but not limited to the password, email, wallet address, wallet balance, and of all activity including transactions made through the Account. If there is suspicious activity related to the User’s Account, cifertron may request additional information from the User, including authenticating documents, and freeze the Account for the review time. The User is obligated to comply with these security requests, or accept termination of the Account.
The User shall be solely responsible for ensuring that any transfer of Cryptocurrencies to a transferee shall be a valid and legal transaction not infringing any laws including money-laundering laws and regulations of Singapore or any other applicable jurisdiction.
cifertron reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more, and/or to modify or discontinue exchange platform or the Swap Engine. The User agrees that cifertron will not be liable to them or to any third party for termination of their Account or access to the Website/App. The suspension of an Account shall not affect the payment of the commissions due for past transactions. Upon termination, Users shall communicate a valid bank account to allow for the transfer of any currencies credited to their account. Cryptocurrencies may be transferred to a valid bank account only after conversion into a currency. It can be transferred through Cryptocurrency too at the sole discretion of cifertron, if it feels such a transfer is more convenient.
The User hereby undertakes that the User shall forthwith refund cifertron any amount or Crytocurrency which have erroneously been transferred to the User’s cifertron account. The User’s Account shall be suspended until such amount or Cryptocurrency has been rightfully transferred back to cifertron and may even be terminated at cifertron’s discretion, in the event of failure by the User to refund such wrong credits, without prejudice to cifertron’s rights under law or equity to recover the said wrongful credits.
The User hereby confirms and agrees that cifertron shall have the right to set off any amount or Cryptocurrency due from any User against any amount or Cryptocurrency owed by that User to User, without the prior consent of such User. If the obligations are in different currencies, cifertron may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off. cifertron shall have the right to lien mark the amount or Cryptocurrency maintained in the User’s cifertron account in addition to the right of set off as provided herein.
The Users hereby agree, confirm and undertake to pay cifertron any withdrawal expense levied by cifertron, at such rate at the sole discretion of cifertron, towards the expense incurred for withdrawal of Cryptocurrencies from the cifertron Account and transfer of such Cryptocurrencies to another third party account. Such withdrawal expense shall be deducted or set-off from the Cryptocurrency which is being withdrawn from the cifertron Account.
cifertron is not responsible for any incorrect or inaccurate registrations, whether caused by the User or by any of the equipment or programming associated with or utilized in the Swap Engine or by any technical or human error which may occur in the operation of the Swap Engine. The User expressly understands and agrees that under no circumstances shall cifertron be liable to any User on account of that User’s use or misuse of and reliance on the Website/App. Such limitation of liability shall apply to prevent recovery of direct, indirect, incidental, consequential, special, exemplary, and punitive damages (even if cifertron has been advised of the possibility of such damages), whether the damages arises from use or misuse of or reliance on the Swap Engine, from inability to use the Swap Engine, or from the interruption, suspension, of the Swap Engine (including such damages incurred by third parties), or from a sudden loss in the price of Cryptocurrencies, or any technical failure or hacking attacks on the cifertron servers, or any change in law or regulatory framework in Singapore.
All information is provided on an “as is” basis, with no warranties whatsoever. A possibility exists that the Website/App could include inaccuracies or errors. Additionally, a possibility exist that unauthorized additions, deletions or alterations could be made by third parties to the Website/App. Although cifertron attempts to ensure the integrity, correctness and authenticity of the Website/App, it makes no guarantees whatsoever as to its completeness, correctness or accuracy. In the event, that such an inaccuracy arises, please inform cifertron so that it can be corrected.
All express, implied, and statutory warranties, including, without limitation, the warranties of merchantability, fitness for a particular purpose, and non-infringement of proprietary rights, are expressly disclaimed to the fullest extent permitted by law. To the fullest extent permitted by law, cifertron disclaims any warranties for (i) the security, reliability, timeliness, and performance of the Swap Engine; (ii) other services or goods, as well as for any information or advice received through cifertron or through any links provided herein.
The User agrees that cifertron shall inter alia not be liable for:
the deletion, failure to store, misdelivery, or untimely delivery of any information or material;
any harm resulting from downloading or accessing any information or material through cifertron;
financial loss due to wallet data being “Bruteforced”;
financial loss due to server failure or data loss;
financial loss due to forgotten passwords;
financial loss due to corrupted wallet files;
financial loss due to incorrectly constructed transactions or mistyped Cryptocurrency addresses;
financial loss due to “phishing” or other Website/Apps masquerading as cifertron
cifertron cannot and does not guarantee or warrant that the files available for downloading through the Swap Engine or the Swap Engine itself will be free from infection by software viruses or other harmful computer code, files or programs. cifertron shall not be responsible for any software viruses or other harmful computer code, files or programs that the user may encounter due to your visiting this Swap engine.
cifertron has not reviewed all of the sites linked to its Swap Engine and is not responsible for the contents of any such linked sites. The inclusion of any link does not imply cifertron’s endorsement of the site. Use of any such linked Website/App(s) is at your own risk.
If the User has a dispute with one or more users, the User hereby releases cifertron (and our parent company, subsidiaries and affiliates, officers, directors, agents, joint ventures, employees and suppliers) from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes. In addition, the User waives any protection available to such User under any law in the User’s jurisdiction, which says that a general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if not known by him must have materially affected his settlement with the debtor.
The User agrees not to do any of the following:
access the Website/App via anonymous networks for view and information purpose;
use anonymous service, networks such as TOR to do business with cifertron. Any orders placed to our Website/App via anonymous networks such as TOR etc will be canceled and may be subject to Order Cancellation fees;
open multiple Accounts with cifertron;
defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others;
publish, post, distribute or disseminate any defamatory, infringing, obscene, indecent or unlawful material or information;
upload files that contain software or other material protected by intellectual property laws (or by rights of privacy of publicity) unless you own or control the rights thereto or have received all necessary consents;
upload files that contain software or other material protected by intellectual property laws (or by rights of privacy of publicity) unless you own or control the rights thereto or have received all necessary consents;
upload files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another’s computer;
host, display, upload, modify, publish, transmit, update or share any information that belongs to another person and to which the user does not have any right to and must not be capable of giving rise to legal action whether against you or the Company or a third party under any applicable law;
host, display, upload, modify, publish, transmit, update or share any information that threatens the unity, integrity, defence, security or sovereignty of Singapore, friendly relations with foreign states, or public order or causes incitement to the commission of any cognisable offence or prevents investigation of any offence or is insulting any other nation.
host, display, upload, modify, publish, transmit, update or share any information that impersonate another person;
host, display, upload, modify, publish, transmit, update or share any information that violates any law for the time being in force;
host, display, upload, modify, publish, transmit, update or share any information that harm minors in any way;
take any action that imposes an unreasonable or disproportionately large load on cifertron’s infrastructure; or detrimentally interfere with, intercept, or expropriate any system, data, or information;
use any Account other than his/her own, or access the Account of any other User at any time, or assist others in obtaining unauthorized access;
conduct or forward surveys, contests, or chain letters; or
download any file posted by another user of a forum that you know, or reasonably should know, cannot be legally distributed in such manner.
The usage of the cifertron platform by the User shall not relate to sales of:
narcotics, research chemicals or any controlled substances;
Adult goods and services which includes pornography and other sexually suggestive materials (including literature, imagery and other media); escort or prostitution services;
Alcohol which includes Alcohol or alcoholic beverages such as beer, liquor, wine, or champagne;
Body parts which includes organs or other body parts;
Bulk marketing tools which includes email lists, software, or other products enabling unsolicited email messages (spam);
Cable descramblers and black boxes which includes devices intended to obtain cable and satellite signals for free;
Child pornography which includes pornographic materials involving minors;
Copyright unlocking devices which includes Mod chips or other devices designed to circumvent copyright protection;
Copyrighted media which includes unauthorized copies of books, music, movies, and other licensed or protected materials;
Copyrighted software which includes unauthorized copies of software, video games and other licensed or protected materials, including OEM or bundled software;
Counterfeit and unauthorized goods which includes replicas or imitations of designer goods; items without a celebrity endorsement that would normally require such an association; fake autographs, counterfeit stamps, and other potentially unauthorized goods;
Drugs and drug paraphernalia which includes illegal drugs and drug accessories, including herbal drugs like salvia and magic mushrooms;
Drug test circumvention aids which includes drug cleansing shakes, urine test additives, and related items;
Endangered species which includes plants, animals or other organisms (including product derivatives) in danger of extinction;
Gaming/gambling which includes lottery tickets, sports bets, memberships/ enrollment in online gambling sites, and related content;
Government IDs or documents which includes fake IDs, passports, diplomas, and noble titles;
Hacking and cracking materials which includes manuals, how-to guides, information, or equipment enabling illegal access to software, servers, Website/Apps, or other protected property;
Illegal goods which includes materials, products, or information promoting illegal goods or enabling illegal acts;
Miracle cures which includes unsubstantiated cures, remedies or other items marketed as quick health fixes;
Offensive goods which includes literature, products or other materials that: a) Defame or slander any person or groups of people based on race, ethnicity, national origin, religion, sex, or other factors b) Encourage or incite violent acts c) Promote intolerance or hatred;
Offensive goods, crime which includes crime scene photos or items, such as personal belongings, associated with criminals;
Prescription drugs or herbal drugs or any kind of online pharmacies which includes drugs or other products requiring a prescription by a licensed medical practitioner;
Pyrotechnic devices and hazardous materials which includes fireworks and related goods; toxic, flammable, and radioactive materials and substances;
Regulated goods which includes air bags; batteries containing mercury; Freon or similar substances/refrigerants; chemical/industrial solvents; government uniforms; car titles; license plates; police badges and law enforcement equipment; lock-picking devices; pesticides; postage meters; recalled items; slot machines; surveillance equipment; goods regulated by government or other agency specifications;
Securities which includes stocks, bonds, or related financial products;
Tobacco and cigarettes which includes cigarettes, cigars, chewing tobacco, and related products;
Traffic devices which includes radar detectors/jammers, license plate covers, traffic signal changers, and related products;
Weapons which includes firearms, ammunition, knives, brass knuckles, gun parts, and other armaments;
Wholesale currency which includes discounted currencies or currency exchanges;
Multi-Level Marketing collection fees;
Matrix sites or sites using a matrix scheme approach;
Any product or service which is not in compliance with all applicable laws and regulations whether federal, state, local or international including the laws of Singapore; or
any services which compete with cifertron.
The User’s usage of the cifertron platform shall not relate to transactions that:
show the personal information of third parties in violation of applicable law;
support pyramid, Ponzi, or other “get rich quick” schemes;
are associated with purchases of annuities or lottery contracts, lay-away systems, banking, off-shore banking, foreign exchange, transactions to finance, investing, investment related products, or refinancing debts funded by a credit card;
provide credit repair or debt settlement services; or
are in any manner whatsoever prohibited by applicable law.
The User must not use the Website/App in any way that causes, or may cause, damage to the Website/App or impairment of the availability or accessibility of the Website/App; or in any way which is unlawful, illegal, fraudulent, misleading, deceptive, causes annoyance or is harmful, or in connection with any unlawful, illegal, fraudulent, misleading, deceptive or harmful purpose.
The User must not use the Website/App to copy, store, host, transmit, send, use, publish or distribute any material which consists of or is linked to any spyware, computer virus, Trojan horse, worm, keystroke logger, rootkit or other malicious computer software.
The User must not conduct any systematic or automated data collection activities (including without limitation scraping, data mining, data extraction and data harvesting) on or in relation to the Website/App without cifertron’s express written consent.
The User must not use the Website/App to transmit or send unsolicited commercial communications.
No omission or delay on the part of cifertron in enforcing any of its rights or powers hereunder shall be deemed to constitute a waiver of any of cifertron’s rights to exercise such rights and powers and, in any event, shall not constitute or be construed as a continuing waiver.
The Users agree, confirm and undertake that they shall not directly or indirectly attempt to indulge or knowingly assist or knowingly be a party or actually be involved in any process or activity connected with the proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property. The Users undertake that they shall not be in violation of any applicable law, including but not limited to Prevention of Money Laundering Act, 2002, relating to money laundering, while availing the services of cifertron. The Users agree that cifertron may store data of all transactions undertaken by Users and share such information with any regulatory authority as when directed by such authority or by its own volition.
These Swap Terms and Conditions and any action related hereto will be governed by and construed in accordance with the laws of the Republic of Singapore and any legal action or proceedings arising out of these Swap Terms and Conditions may be brought in any competent court, tribunal or other appropriate forum having jurisdiction. Any dispute or difference, if not resolved amicably, shall be referred to a sole arbitrator to be jointly appointed by the parties. The arbitration shall be conducted in accordance with the Arbitration and Conciliation Act, 1996. The place of arbitration shall be Sengkang, Singapore, and the language of arbitration shall be English. Notwithstanding anything to the contrary herein, the parties shall be entitled to the issuance of injunctive or equitable relief by any court of competent jurisdiction relating to breach or threatened breach of any obligations by the other party under this contest and for any other relief such court deems appropriate. This right shall be in addition to any other remedy available to the parties.
The User may terminate this agreement with cifertron, and close the Account at any time, following the settlement of any pending transactions.
The User agrees that cifertron may, by giving notice, in its sole discretion, terminate the User’s access to the Website/App and to the Account and take such technical and legal actions as cifertron deems appropriate to keep the User off the Website/App if cifertron reasonably perceives that the User is creating any problems, including without limitation, possible legal liabilities, infringement of the intellectual property rights, or acting inconsistently with the letter or spirit of these Swap Terms and Conditions.
Notwithstanding anything contained herein, cifertron may, in appropriate circumstances and at cifertron’s sole discretion, suspend or terminate Accounts of Users for any reason, including without limitation (1) attempts to gain unauthorized access to the Website/App or another User’s Account or providing assistance to others’ attempting to do so, (2) overcoming software security features limiting use of or protecting any content, (3) usage of the Website/App to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) violations of these Swap Terms and Conditions, (5) failure to pay or fraudulent payment for transactions on the Website/App, (6) the User’s ineligibility and unauthorised use of the Website/App, including but not limited to the User being below the age of 18 years, (7) unexpected operational difficulties, or (8) upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by cifertron, acting in its sole discretion.
The User hereby agrees that the suspension/termination of an Account shall not affect the payment of the commissions due for past transactions on the Website/App or User’s obligation to refund amounts which are due to cifertron owing to wrongful transfers made to the User’s cifertron Account as set out in Section General Conditions (12) above. Upon termination, Users will receive any monies owed to them via their registered bank account with cifertron. A User whose Account has been suspended or terminated may at the sole discretion of cifertron be banned from opening fresh Accounts and/or from Swap on/using the Website/App in future.
Under these Swap Terms and Conditions, you agree to receive electronic or any other form of communication and notifications from cifertron or any other third parties with whom cifertron may share your contact details. Email messages sent over the Internet are not always secure and cifertron is not responsible for any damages incurred by the result of sending email messages over the Internet.
In case any provision/s of these Swap Terms and Conditions is / are rendered invalid or unenforceable or void by operation of any law, rule or regulation, then such an event would not affect the validity or enforceability of any other provision of these Swap Terms and Conditions.
It is hereby expressly declared that neither cifertron nor User will be liable for any delay or failure caused by conditions or events beyond the reasonable control of the respective party, including but not limited to any delay or failure due to any act of God, fire, act of terrorists, act of civil or military authorities, civil disturbance, war, strike or other labour dispute, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond reasonable control of the respective party and the validity and enforceability of any remaining provisions shall not be affected by any such condition.
The User acknowledges and agrees that the Company can freely assign these Swap Terms and Conditions or any of its rights under these Swap Terms and Conditions to any person without your consent. User shall however, not be entitled to assign these Swap Terms and Conditions, in whole or in part, to another person without the prior written approval of cifertron.
Unless otherwise specified, all materials on the Website/App and in the various services provided by cifertron are the property of cifertron and are protected under copyright, trademark and other applicable laws. The User may view, print, and/or download a copy of such materials on any single computer solely for personal, informational, non-commercial use, provided the User keeps intact all copyright and other proprietary notices. The trademarks, service marks and logos of cifertron and others used in on the Website/App and in connection with the services provided by cifertron (“trademarks”) are the property of cifertron and their respective owners. The software, text, images, graphics, data, prices, Swaps, charts, graphs, video, and audio used on this Website/App belong to cifertron. The trademarks and materials should not be copied, reproduced, modified, republished, uploaded, transmitted, collected or distributed in any form or by any means, whether manual or automated. Any unauthorized use of such property may violate copyright, trademark, and other applicable laws and could result in criminal or civil legal actions and penalties.
By clicking on the “I Accept” button or check box presented with these Swap Terms and Conditions you, the User, hereby give your informed consent to the terms and conditions contained herein.