Version: May 23, 2025
1. Introduction and Acceptance of These Terms.
a. These terms (these “Buy&Sell Crypto Services Terms”) are to be read together with, and are supplemental to, the Binance terms of use, as amended from time to time (the “Terms of Use”), and the provisions set out in the Terms of Use shall continue to apply (together with these Buy&Sell Crypto Services Terms, the “Agreement”).
b. By accessing and using the Buy&Sell Crypto Services (as defined below), you acknowledge and agree that you have read, understood and accepted all of the terms and conditions in these Buy&Sell Crypto Services Terms and the Terms of Use, and you acknowledge and agree that you will be bound by and will comply with these Buy&Sell Crypto Services Terms. If you do not accept these terms in their entirety, you are not authorised to, and must not, access nor use the Buy&Sell Crypto Services. You further acknowledge and agree that Binance acts solely as a counterparty and not as your agent, broker, fiduciary or advisor in respect of any Transaction.
c. In the event of any conflict or inconsistency between any provision of these Buy&Sell Crypto Services Terms and a provision of the Terms of Use, these Buy&Sell Crypto Services Terms shall prevail so far as such inconsistency relates to the Buy&Sell Crypto Services (as defined below).
d. The Agreement is legally binding between you and NEST Services Limited (“Binance”), an entity incorporated and registered under the laws of the Republic of Seychelles with registration number 238045 and address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles.
e. All terms and references used in these Buy&Sell Crypto Services Terms that are not defined herein shall have the meaning given to them in the Terms of Use. These Buy&Sell Crypto Services Terms constitute Product Terms. References in the Terms of Use to the “Binance Services” shall include references to the services contemplated hereunder.
f. This version of these Buy&Sell Crypto Services Terms shall replace and supersede: (i) any previous agreements between us with respect to Buy&Sell Crypto Services (as defined below); and (ii) any previous versions of these Buy&Sell Crypto Services Terms that may have been accepted through, or otherwise made available on, the Platform.
2. Eligibility.
a. This product is only available to certain users in certain countries. This product is not intended for users/countries to which restrictions/prohibitions apply.
b. Binance reserves the right to adjust the eligibility requirements of this product from time-to-time, with or without notice, in its sole discretion.
3. Buy&Sell Crypto Services. Upon completion of the registration and identity verification for your Binance Account, you may be able to make use of the buy and sell crypto services, which enables you to buy and sell Digital Assets for fiat currency based on prices provided by Binance (the “Buy&Sell Crypto Services”). Pursuant to the Buy&Sell Crypto Services, you may provide Binance with a request:
a. to buy or sell an amount of Digital Assets for an amount in fiat currency , subject to the trading pairs supported by the Platform from time to time (each, a “Transaction”); and/or
b. to undertake a series of Transactions on a periodic basis in accordance with your standing instructions (each such Transaction, a “Recurring Transaction”).
4. Transactions.
4.1 Transaction Order Types. To request a Transaction between a supported trading pair through the Platform, you may place:
a. Instant Orders - an instant order, by specifying the amount of the Digital Asset to be purchased or sold, or the amount of fiat currency to be received or paid pursuant to such a Transaction (each, a “Instant Order”, which may also be referred to as “one-time buy” or “one-time sell”); and/or
b. Limit Orders - a standing offer for a proposed Transaction relating to the purchase of Digital Assets, by specifying the amount of the Digital Asset to be purchased or the amount of fiat currency to be paid pursuant to such proposed Transaction, the limit price at which such proposed Transaction is to take place and the date upon which the offer is to expire if unfulfilled (each such standing offer, a “Limit Order”, which may also be referred to as “Limit Buy”).
Orders can only be submitted in respect of trading pairs that are supported by the Platform. Binance reserves the right to adjust the trading pairs supported by the Platform from time to time at its sole and absolute discretion, with or without notice.
For Recurring Transactions, please see clause 6 (Recurring Transactions) below.
4.2 Instant Orders.
a. If you place an Instant Order, Binance may (but shall not be obliged to) provide you with a quote for the transaction (each such quote, a “Quote”). Each Quote is indicative, non-binding and provided entirely at Binance’s discretion. A Quote shall remain valid for such duration as Binance may determine as indicated on the Platform (the “Quote Window”), and you may confirm the Quote within the Quote Window. Each Quote will automatically lapse on expiry of the Quote Window if not confirmed prior to that time. Binance shall not be under any obligation to provide a new Quote following the expiry of a Quote Window, but may do so in its sole discretion.
b. If a Quote is confirmed by you within the Quote Window, the Quote shall constitute a Trade Request (as defined below) on the terms of the Quote. Where you select a bank transfer or a local or other payment method that does not settle instantaneously as the payment method for the purchase of Digital Assets, you acknowledge and agree that: (i) your confirmation of the Quote shall not constitute a binding Trade Request on the terms of that Quote; (ii) instead, a new quote shall be deemed to be provided by Binance (each, a “Deemed Quote”) at the time Binance receives your fiat funds in cleared and available form, the precise timing of which shall be determined by Binance in its sole discretion; and (iii) such Deemed Quote shall be deemed accepted by you and shall constitute a binding Trade Request (each, a “Deemed Trade Request”) for the purchase of the maximum amount of the applicable Digital Asset that your cleared fiat funds will permit at the price stated in the Deemed Quote. You acknowledge and agree that the applicable price in the event of settlement via bank transfer, local or other payment methods that do not settle instantaneously may differ materially from the price displayed in the initial Quote and that such risk is borne solely by you.
c. It is your sole responsibility to assess the terms of any Quote, including, without limitation, the quoted price and any associated fees, and to determine whether to confirm the Quote within the Quote Window. Your confirmation of a Quote constitutes an irrevocable and binding offer to Binance to enter into a Transaction on the terms of that Quote (each such offer, a “Trade Request”).
d. In relation to each Trade Request for the sale of Digital Assets by you, your submission of the Trade Request shall constitute your express authorisation for Binance to lock, segregate or otherwise restrict the relevant Digital Assets in your Binance Account pending completion, cancellation or rejection of the Transaction.
e. Notwithstanding any term to the contrary, Binance retains sole and absolute discretion to accept or reject any Trade Request at any time and for any reason, without obligation to provide reasons or advance notice. No Trade Request shall be deemed accepted unless and until Binance notifies you of such acceptance.
f. Upon Binance’s acceptance of a Trade Request or Deemed Trade Request in respect of an Instant Order, the corresponding Transaction shall be deemed concluded and shall be settled in accordance with clause 5 (Settlement of Transactions).
4.3 Limit Orders.
a. If you place a Limit Order, Binance may accept or reject such Limit Order, in whole or in part, at its sole and absolute discretion at any time until such Limit Order is settled in full, expires or is otherwise withdrawn or cancelled.
b. Binance does not guarantee the fulfillment of any Limit Order, in whole or in part, even if a price for the Digital Asset (as may be available elsewhere on the Platform) that is the subject to the proposed Transaction hits or crosses the limit price set by you. Binance shall not be held responsible for any potential loss or opportunity cost due to any failure to execute any Limit Order in such case.
c. If and to the extent that a Limit Order is accepted by Binance (in whole or in part), then that Transaction shall be settled in accordance with clause 5 (Settlement of Transactions) below. You will not be able to cancel a Limit Order after it has been accepted by Binance.
5. Settlement of Transactions.
a. If and to the extent that Binance accepts all or part of an order for a Transaction, then Binance shall settle the relevant portion of the requested Transaction by debiting or crediting the amount of Digital Assets to or from your Binance Account and debiting or crediting the amount of fiat currency to or from the selected payment method accordingly. For the avoidance of any doubt, where the payment method is a bank transfer or local payment method that does not settle instantaneously, the corresponding Transaction for the purchase of Digital Assets by you shall be settled only upon receipt by Binance of fiat funds in full, cleared and available form in the designated payment account, and the settlement shall reflect the terms of the applicable Deemed Quote.
b. Timing of the settlement of the transactions depends on the payment method selected by you. If you selected the payment by Visa, Mastercard or other payment card that we may support from time to time, as well as any other payment method that settles instantaneously, the Transaction will typically complete within seconds. If you selected payment by bank transfer or local payment methods that do not settle instantaneously, the Transaction will be deemed concluded and settled at the time Binance receives your fiat funds in cleared and available form, and at the price determined by Binance in the applicable Deemed Quote. The Transaction for the sale of Digital Assets by you will be settled by us initiating a bank transfer or a local payment method transfer in your favour not later than the next Local Business Day after the Transaction was concluded.
However Binance does not guarantee settlement of the Transaction within this timeframe and in some instances the settlement process may take several hours, days or even longer, depending on various factors, including, without limitation, the type of Digital Assets, prevailing market conditions, and operational and technical requirements. Binance shall not be held responsible for potential loss or opportunity cost in connection with any price change of the Digital Asset subject to the Transaction during this settlement period.
c. In case of receipt of partial amounts due to us under any Transaction for whatever reason, such as, for example, fees being applied by intermediary payment service providers or you giving incorrect instructions to your payment provider, the Transaction will be settled on a pro-rata basis to the amount of fiat funds actually received by us. In the case of a bank transfer or local or other payment method that does not settle instantaneously, the applicable Deemed Quote shall determine the amount of Digital Assets to be received in respect of such partial payment.
d. Notwithstanding anything to the contrary, Transactions may be settled in tranches (“Auto-Split”), as determined by Binance in its sole discretion. You will be notified in advance if your Transaction will be subject to Auto-Split. You hereby acknowledge, confirm your understanding and agree that the time needed to complete a Transaction subject to Auto-Split may be longer or shorter than estimated. If your Transaction is subject to Auto-Split, you may not cancel the related Trade Request prior to the Transaction being settled in full. You acknowledge and agree that Binance may determine in its sole discretion to apply Auto-Split to a Transaction or cancel [all or part of] a Transaction, where Binance considers appropriate including without limitation if a Transaction exceeds certain thresholds that may be set by Binance from time to time. You will be notified if all or part of your Transaction is cancelled.
e. Binance may use third party payment service providers and technical service providers of its choice to facilitate the payment for Transactions. In some cases, you may be requested to accept terms&conditions of a third party payment service provider in order to be able to use a particular payment method or a particular fiat currency, in which case you will have the contractual relationship with such a provider in accordance with their terms.
f. By using Buy&Sell Crypto Services and placing your orders to perform Transactions using payment cards as a payment method, you authorize Binance to store your payment credentials securely and initiate charges to your nominated payment card based on the Transactions you entered into. These stored credentials will be used to process recurring or subsequent transactions under the following terms:
i. Stored Credentials Consent: You give Binance permission to store your payment details and use them for future transactions initiated per your instructions, in accordance with Visa and Mastercard’s scheme rules.
ii. Transaction Parameters: You agree that charges on your card will occur automatically based on the Transactions you enter into with Binance based on these Terms. Each charge is considered pre-authorized based on your original consent.
iii. Recurring Payment and Ongoing Consent: You understand and agree that charges may occur on an ongoing basis until you cancel this feature through your account settings or by contacting our support team. Cancelling your card does not automatically cancel this authorization.
iv. Notification and Updates: You will be notified of any changes to your stored credential agreement, including updates to the terms, card details, or top-up parameters, in compliance with card scheme regulations.
v. Dispute and Resolution: You agree to contact Binance to resolve any transaction concerns prior to initiating a chargeback. We reserve the right to provide proof of your stored credential consent and transaction history in response to chargeback disputes.
vi. Compliance with Card Network Rules: These Terms are compliant with Visa’s Stored Credential Transaction framework and Mastercard’s Recurring Transaction Rules and are intended to provide clear consent and recordkeeping for all charges using payment credentials stored by us.
6. Recurring Transactions.
You may request for Recurring Transactions for the purchase of Digital Assets (but not for the sale of Digital Assets by you) with a payment card as a payment method by providing a Recurring Transaction Request (as defined below) in accordance with the terms of this clause 6 (Recurring Transactions).
6.1 Recurring Transaction Requests.
a. By submitting a request for Recurring Transactions, you request and authorise Binance to undertake and settle the requested Transactions for your account, in each case, in accordance with your Recurring Transaction Request.
b. Your Recurring Transaction Requests shall continue until it is amended, suspended or cancelled in accordance with these Buy&Sell Crypto Services Terms.
c. A Recurring Transaction Request shall contain the following details:
i. details of the type and quantity of the Digital Assets to be purchased and the amount of fiat currency to be paid by you pursuant to each proposed Transaction.
ii. the frequency at which each proposed Transaction should occur (each a “Scheduled Transaction”, and, with respect to each Scheduled Transaction, the scheduled date of such Scheduled Transaction shall be the “Recurring Transaction Date”) and the time set in hours for the execution of the Scheduled Transactions on each Recurring Transaction Date; and
iii. complete and valid payment card details to be used by us for the settlement of the Transaction.
d. By submitting a Recurring Transaction Request, you agree that (a) you will be deemed to have submitted one or more Instant Orders on each Recurring Transaction Date, as required to effect the Scheduled Transactions on each Recurring Transaction Date, (b) you will be deemed to have confirmed a Trade Request in respect of each such Instant Order at the price determined by Binance in good faith and (c) your Recurring Transaction Request and Recurring Transaction Dates will continue until your Recurring Transaction Request is cancelled or suspended in accordance with these Buy&Sell Crypto Services Terms.
e. Each Scheduled Transaction under a Recurring Transaction Request is to be assessed and settled independently of any other Scheduled Transaction under that Recurring Transaction Request. It is solely your responsibility to ensure the suitability of your Recurring Transaction Request on an ongoing basis. You must ensure that the payment method designated for your Recurring Transaction Request remains valid, current and capable of being debited. Binance shall not be liable for any failed Scheduled Transactions resulting from expired, cancelled or otherwise invalid payment credentials, or from insufficient funds being available in the specified payment method at the time of attempted debiting or charging.
f. Binance reserves its right to refuse to provide a Deemed Quote or to accept a Deemed Trade Request under Recurring Transaction Request.
g. If and to the extent that Binance accepts each such deemed Trade Request relating to a Scheduled Transaction, Binance shall settle the Transactions in accordance with clause 5 (Settlement of Transactions) above. The time of acceptance, rejection and/or settlement of a Trade Request in respect of any such Scheduled Transaction shall be determined by Binance in its sole discretion (acting in a commercially reasonable manner).
h. If there is a Down Period during the settlement cycle of Recurring Transactions, your transactions will only resume when the Platform is back in service. Binance shall not be responsible for any change in price or difference in price that may occur during or otherwise in connection with any Down Period.
6.2 Modifications to a Recurring Transaction Request.
a. You may not modify any Recurring Transaction Request, however, you may cancel it and submit a new Transaction Request in accordance with these Buy&Sell Crypto Services Terms.
b. Binance may, but is not obliged to, modify any Recurring Transaction Request for technical reasons only (such as, for example, change of the Digital Asset ticker), acting reasonably.
6.3 Cancellation of a Recurring Transaction Request.
a. You may cancel a Recurring Transaction Request at any time prior to the time set by you in the Recurring Transaction Request for its execution on a particular Recurring Transaction Date.
b. If a payment from your provided payment card for the Scheduled Transaction fails for whatever reason, we may (but are not obliged to) attempt to perform the Scheduled Transaction on the immediately following Recurring Transaction Date, provided that Binance reserves the right to cancel any Recurring Transaction Request relating to such failed Scheduled Transactions at any time without prior notice. Binance shall not be responsible for any damages or losses resulting from or otherwise in connection with an incomplete settlement of all Scheduled Transactions on any Recurring Transaction Date.
c. You further acknowledge and agree that in the event that any Digital Asset or trading pair that is the subject of your Recurring Transaction Request is delisted or no longer supported by the Platform, your Recurring Transaction Request will be cancelled.
d. If at any time you do not wish for your Recurring Transaction Request to continue, then you must cancel that Recurring Transaction Request. It is solely your responsibility to ensure the suitability of your Recurring Transaction Request on an ongoing basis.
7. Binance Rights and Limitations of Liability.
a. Binance Discretion. Binance has the exclusive authority to determine which Digital assets and trading pairs are supported on the Platform and are available for the purposes of Transactions, and Binance may add or remove support for trading pairs (or determine to delist Digital Assets) from the Platform in its sole discretion, from time to time, with or without prior notice. Binance may also change the supported order size available for a Transaction with respect to a particular trading pair. In respect of such additions, removals, or amendments, Binance may (but is not obliged to) notify you in advance, and Binance shall have no liability to you in connection with such additions, removals or amendments.
b. Discretionary Authority. You acknowledge that Binance retains full discretion to operate, modify, suspend or terminate any aspect of the Buy&Sell Crypto Services at any time and for any reason, including but not limited to:
(i) determining which Digital Assets and trading pairs are supported on the Platform;
(ii) providing, declining to provide, or withdrawing any Quote or Deemed Quote;
(iii) accepting or rejecting any Trade Request or Deemed Trade Request, in whole or in part;
(iv) implementing Auto-Split or cancelling Transactions that exceed internal limits; and
(v) determining the timing and sequence of settlement.
c. No Fiduciary Duty or Agency. Binance acts solely as a principal and counterparty to each Transaction. You acknowledge and agree that Binance does not act as your agent, broker, intermediary, advisor or fiduciary in any capacity, and owes no duty to provide fair pricing, best execution, or to act in your best interests in relation to any Quote, Deemed Quote, Trade Request, Deemed Trade Request or Transaction.
d. No Obligation to Execute. Binance is under no obligation to quote, accept, or execute any Transaction, regardless of prior practice or market availability, and may reject any Trade Request or limit order at its sole discretion.
e. Exclusion of Liability. To the maximum extent not prohibited under Applicable Law, Binance shall not be liable to you for any loss of profit, loss of opportunity, or indirect, consequential, or incidental loss arising out of or in connection with:
(i) your use of or inability to use the Buy&Sell Crypto Services;
(ii) Binance’s exercise or non-exercise of its discretion under these Buy&Sell Crypto Services Terms;
(iii) any change in price, market volatility, or delay in settlement, including where arising from the timing of receipt of cleared and available fiat funds;
(iv) any Down Period or operational interruption of the Platform; or
(v) any third-party service provider failure, error or delay (including, without limitation, any bank or third party card or payment services provider).
f. Allocation of Risk. You bear full responsibility for all decisions to enter into any Transaction and acknowledge that such decisions are made solely at your own risk, judgment and discretion.
g. Force Majeure. Binance shall not be liable for any delay or failure to perform any obligation under these Buy&Sell Crypto Services Terms where such delay or failure is caused, in whole or in part, directly or indirectly, by events beyond Binance’s reasonable control [(“Force Majeure Events”)], including but not limited to: acts of God, natural disasters, pandemics, acts of governments or regulators, war, terrorism, civil unrest, power failures, equipment or software malfunction, cyberattacks, or failures of any telecommunications or payment systems.
h. Platform Downtime. Without limiting the generality of sub-clause (g) (Force Majeure), Binance shall not be responsible for any failure or delay in executing or settling any Transaction due to unavailability of the Platform, whether scheduled or non-scheduled, including maintenance, system overload, network congestion or service interruption (each, a “Down Period”). During a Down Period, Quotes may be unavailable, Trade Requests or Deemed Trade Requests may be rejected or unprocessed, and settlement of Transactions may be delayed or suspended without notice.
i. No Guarantee of Access or Execution. Binance makes no guarantee that the Platform or Buy&Sell Crypto Services will be continuously available or that any Transaction, Quote, Trade Request or Deemed Trade Request will be processed without interruption, delay or error.
j. User Responsibility. You are solely responsible for monitoring your access to the Platform and for taking appropriate action (including, without limitation, cancelling Recurring Transaction Requests) if you are unable to access the Buy&Sell Crypto Services during a Down Period or other disruption. You are further responsible for ensuring that the payment method associated with your Recurring Transaction Request remains valid, functional and up-to-date. Failure to maintain current payment details may result in failed Transactions, and Binance shall bear no responsibility for any loss arising therefrom.
8. Disclosures and Confirmations.
a. You hereby acknowledge, confirm your understanding, and agree that:
i. Transactions are at your risk and own initiative - you are solely responsible for your investment decisions and Binance is not liable for any losses you may incur with respect to, or otherwise in connection with, any Transaction, Recurring Transaction or any other use of Transaction Services;
ii. Off market price; Quoted prices may not be the best price available on the Platform - Binance quotes Transaction prices for its own account dynamically, taking into account, amongst other things, prevailing market conditions. The quoted prices for Transactions may vary from time to time. Pricing provided by Binance in respect of any Transaction is strictly an off-market price, and may not be the best available price in the market or on the Platform;
iii. Change in supported trading pairs, product features; Digital Asset de-listing - Binance has the right in its sole and absolute discretion to adjust product features, to adjust the supported trading pairs and/or to de-list Digital Assets or stop supporting some or all fiat currencies from time-to-time. There is no guarantee or assurance that any particular product feature, fiat currency, trading pair or Digital Asset will continue to be supported;
iv. You are responsible for the ongoing suitability of your Recurring Transaction Requests - It is solely your responsibility to ensure the suitability of your Recurring Transaction Request on an ongoing basis, and to monitor for any changes to product features or the availability of supported trading pairs or Digital Assets on the Platform in connection with the standing requests in your Recurring Transaction Request, as well as any modifications that may be made to your Recurring Transaction Request by Binance from time to time. Binance shall have no liability to you in connection with any such additions, removals, modifications or amendments. If you do not wish for your Recurring Transaction Request to continue at any time, then you must cancel that Recurring Transaction Request;
v. Binance is your counterparty; Binance has discretion - Binance is your counterparty on all Transactions, and has discretion to accept or reject Trade Requests or to refuse to provide a quotation. Binance reserves its right to refuse any deemed Trade Request relating to a Scheduled Transaction pursuant to any Recurring Transaction Request. There is no guarantee that Binance will accept any transaction proposed or scheduled by any Recurring Transaction Request;
vi. Timing and Sequencing of Scheduled Transactions - Where you use a Recurring Transaction Request to request Recurring Transactions, the time at which each resulting Recurring Transaction may be accepted and settled will be determined by Binance, and may vary.; and
vii. Auto-Split - Auto-Split may be applied to certain transactions, and this may have an impact on the time that it takes Binance to process settlement of a Trade Request and the price at which the remaining part of the Trade Request will be executed. Some portions of the Trade Request may be settled immediately, while others may take more time. You will not be able to cancel any Trade Request that has been partially executed.
Viii. Deemed Quotes and Settlement Risk for Bank Transfers or Other Payment Methods - If you elect to pay for a Transaction using a bank transfer or a local or other payment method that does not settle instantaneously, your confirmation of the original Quote will not result in a binding Trade Request. Instead, a Deemed Quote and Deemed Trade Request will arise only at the time your fiat funds are received in cleared and available form by Binance, at which point Binance shall determine the applicable price in its sole discretion. You bear full risk of price movement between the time you initiate your payment and the time Binance receives your funds and generates the Deemed Quote. The amount of Digital Assets you will receive will be the maximum permitted by the amount of cleared funds received and the price in the Deemed Quote, which may differ materially from the original Quote.
(ix) Binance is not acting as your agent or advisor - You acknowledge and agree that Binance does not act as your agent, broker, intermediary, fiduciary or advisor, and owes no duty of care to you in connection with any Quote, Deemed Quote, Trade Request, Deemed Trade Request, Transaction or use of the Buy&Sell Crypto Services. All decisions to transact are made solely at your own risk and discretion.
The above description of risks is not exhaustive, and merely serves as a summary overview of some (but not all) of the risks that may result from entering into Transaction transactions. Please also refer to the Risk Factor Statement for a summary overview of some (but not all) of the risks that may result from investing in Digital Assets.
b. Neither Binance, nor any affiliate or representative of Binance, makes any representation or warranty that the Transaction Services nor any particular Transaction is appropriate (i) for any user or in any location, nor (ii) that the transactions and services described in these Buy&Sell Crypto Services Terms are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these Buy&Sell Crypto Services Terms and to seek independent professional advice as to whether these services and any particular Transaction is appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance.
c. By accepting these Buy&Sell Crypto Services Terms, you hereby unconditionally and irrevocably;
i. confirm that you understand, accept and assume full responsibility for participating in one or more Transactions together with any and all associated risks with such transactions, including without limitation the risks described in sub-clause (a) and the Risk Factor Statement;
ii. confirm and agree that you bear full responsibility for ensuring that the Buy&Sell Crypto Services are suitable for you, taking into account your own financial objectives and circumstances, and you shall be solely responsible for any profit or loss sustained in connection with your use of the Buy&Sell Crypto Services and any investment in Digital Assets, and you further confirm that you have carefully assessed whether, and determined that, each Transaction is appropriate for you;
iii. confirm your understanding that Instant Orders, Limit Orders and Recurring Transactions are not market orders and that Binance does not act on your behalf; and
iv. you further confirm, acknowledge and agree that you are not relying on Binance in any way to protect your interests in relation to pricing nor any other aspects of execution of any transactions pursuant to, or otherwise in connection with, the Buy&Sell Crypto Services.
d. It is recommended that you conduct independent research into different Digital Assets prior to using Buy&Sell Crypto Services and that you take steps to ensure you understand the risks associated with the trading of Digital Assets.
e. Binance does not make any representation nor guarantee as to the outcome to be received by the trading of Digital Assets (whether pursuant to the Buy&Sell Crypto Services or otherwise). Binance does not provide financial advice.
f. Binance does not act as a fiduciary.
9. Corrections. Binance may rectify any error in any transaction(s) at any time, and reserve the right to void, cancel or reverse any transaction(s):
a. involving or deriving from a manifest error (that is, any error, omission or misquote, whether an error of Binance or any third party, which is manifest or palpable, including, without limitation, a misquote by any representative of Binance taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation) or any error that is operational or administrative; or
b. to reflect what we reasonably consider to be the correct or fair details of the transaction.
10. Fees. There may be fees payable by you to Binance for the use of Buy&Sell Crypto Services depending on the payment method chosen by you to settle the Transactions. The amount of the fee will be displayed to you on the Platform either as a fixed amount in fiat currency or as a percentage of the amount of the Transaction in fiat currency.
11. Disputes, Governing Law, Jurisdiction and Arbitration. The clauses relating to Complaints, Notice of claim, Agreement to arbitrate; Governing law; and Class action waiver of the Terms of Use shall apply to any disputes or claims relating to, arising out of or in connection with these Buy&Sell Crypto Services Terms, including your assent to these Buy&Sell Crypto Services Terms.
12. Translations. This document may have been translated and published in different languages. In the event of any inconsistency, misstatements, omissions, or errors appearing in any translated version, the English version shall prevail.
13. Definitions. Capitalised terms used in these Buy&Sell Crypto Services Terms shall have the following meanings:
“Agreement” has the meaning given to that term in clause 1(a).
“Auto-Split” has the meaning given to that term in clause 5(d).
“Binance” has the meaning given to that term in clause 1(d).
“Binance Account” has the meaning given to that term in the Terms of Use.
“Binance Services” has the meaning given to that term in the Terms of Use.
“Buy&Sell Crypto Services” has the meaning given to that term in clause 3 (Buy&Sell Crypto Services).
“Buy&Sell Crypto Services Terms” has the meaning given to that term in clause 1(a).
“Deemed Quote” has the meaning given to that term in clause 4.2 (Instant Order).
“Down Period” means any interval when the Platform is inaccessible or out of service, including, but not limited, to instances of technical issues, scheduled or emergency maintenance, or other events affecting service continuity.
“Instant Order” has the meaning given to that term in clause 4.1 (Transaction Order Types).
“Limit Order” has the meaning given to that term in clause 4.1 (Transaction Order Types).
“Local Business Day” means in relation to any payment a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment and, if that currency does not have a single recognised principal financial centre, a day on which the settlement system necessary to accomplish such payment is open.
“Platform” means, for the purposes of these Buy&Sell Crypto Services Terms, the digital platform made accessible via any website, page, feature, or content owned or operated by Binance, any mobile application developed or provided by Binance made available to you or by such other means as Binance may prescribe from time to time for the use of Buy&Sell Crypto Services.
“Quote” has the meaning given to that term in clause 4.2 (Instant Order).
“Quote Window” has the meaning given to that term in clause 4.2 (Instant Order).
“Recurring Transaction” has the meaning given to that term in clause 3 (Buy&Sell Crypto Services).
“Recurring Transaction Date” has the meaning given to that term in clause 6.1 (Recurring Transaction Requests).
“Recurring Transaction Request” means a standing request submitted by you to Binance to enter into Recurring Transactions in accordance with these Buy&Sell Crypto Services Terms.
“Risk Factor Statement” means the risk factor statement published by Binance, as amended, supplemented or replaced from time-to-time.
“Scheduled Transaction” has the meaning given to that term in clause 6.1 (Recurring Transaction Requests).
“Terms of Use” has the meaning given to that term in clause 1(a).
“Trade Request” has the meaning given to that term in clause 4.2 (Instant Order).
“Transaction” has the meaning given to that term in clause 3 (Buy&Sell Crypto Services).
