1. Eligibility & Account Security
Age Requirement: Users must usually be 18+ or the legal age in their jurisdiction.
KYC/AML: Agreement to provide identification documents to comply with “Know Your Customer” and “Anti-Money Laundering” laws.
Account Responsibility: You are solely responsible for maintaining the confidentiality of your login credentials and any activity under your account.
2. Prohibited Jurisdictions
Many smaller exchanges bar users from specific regions (like the USA, Canada, or North Korea) due to strict regulatory requirements. Using a VPN to bypass these can lead to account freezes.
3. Trading & Fees
Transaction Finality: Once a trade or withdrawal is executed, it is usually irreversible.
Fee Schedule: The right for the platform to change trading, deposit, or withdrawal fees at any time.
Market Volatility: A disclaimer that the platform is not responsible for financial losses due to market fluctuations.
4. Risk Disclosure
No Investment Advice: A statement that the platform does not provide financial advice.
Asset Security: Information on how they store assets (Cold vs. Hot wallets) and their liability (or lack thereof) in the event of a hack.
5. Termination of Service
The platform usually reserves the right to suspend or terminate accounts suspected of “market manipulation,” “wash trading,” or suspicious activity without prior notice.