Terms of service

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Welcome to Mobarter, a peer-to-peer (P2P) crypto trading and bill payment platform. These Terms and Conditions (“Terms”) govern your use of Mobarter’s mobile app, website, and services (the “Platform”). By accessing or using our Platform, you agree to be bound by these Terms. If you do not agree, please do not use the Platform.

1. Definitions

  1. Platform: Refers to the Mobarter website, mobile application, and related services.
  2. User/You: Any individual or entity who registers, accesses, or uses the Platform.
  3. Trade: A crypto transaction between two users facilitated by the Platform.
  4. Wallet: A virtual wallet where users can hold, send, or receive supported cryptocurrencies.
  5. Fiat: Government-issued currency such as NGN, USD, etc.
  6. Crypto: Digital assets including but not limited to BTC, ETH, and USDT.

    7. 2. Eligibility

    To use Mobarter, you must:

    1. Be at least 18 years old or the age of legal majority in your jurisdiction.
    2. Have full legal capacity to enter into binding contracts.
    3. Not be barred from using financial or crypto-related services under applicable laws.

      4. 3. Account Registration

      1. Users must register an account and complete KYC (Know Your Customer) verification.
      2. You agree to provide accurate and up-to-date information.
      3. You are responsible for securing your account credentials and wallet keys.
      4. We reserve the right to suspend or terminate your account if we detect suspicious activity or fraudulent behavior.

        5. 4. Services Offered

        Mobarter provides:

        1. P2P Crypto Trading: Enabling users to buy and sell cryptocurrencies directly with one another.
        2. Escrow Protection: Ensuring trades are secure by holding crypto in escrow until trade conditions are met.
        3. Bill Payments: Pay for utilities, airtime, and other supported services using crypto or fiat.

          4. 5. P2P Trading Guidelines

          1. All trades are subject to availability, pricing, and terms agreed upon between users.
          2. Once a trade is initiated, the seller’s crypto is locked in escrow until the buyer confirms payment.
          3. Users must not cancel trades once payment has been made unless agreed upon by both parties.
          4. Disputes must be reported within the trade window and will be reviewed by our support team.

            5. 6. Bill Payments

            1. Mobarter facilitates bill payments through integrated third-party providers.
            2. We are not liable for delays or failures in bill settlement caused by third-party service providers.
            3. Ensure all information (e.g., account numbers, phone numbers) entered during bill payment is correct.

              4. 7. Fees

              1. Mobarter may charge transaction fees, which will be transparently disclosed before confirmation.
              2. Fees may vary depending on network congestion, payment method, or trade type.
              3. All fees are non-refundable except in cases of platform error.

                4. 8. Prohibited Activities

                You agree not to:

                1. Use the Platform for money laundering, terrorism financing, or illegal activity.
                2. List fraudulent or stolen assets for trade.
                3. Impersonate another person or entity.
                4. Attempt to hack, reverse engineer, or tamper with the Platform or its services.
                5. Manipulate trades or engage in wash trading.

                  6. Violation of these rules may result in account suspension, termination, or legal action.

                  9. Security and Risk

                  1. Crypto trading is inherently risky and prices can fluctuate rapidly. You trade at your own risk.
                  2. We employ encryption and secure storage practices, but you are responsible for your own device and account security.
                  3. Never share your wallet private keys, 2FA codes, or passwords with anyone.

                    4. 10. Dispute Resolution

                    1. If a dispute arises during a trade, both parties are encouraged to resolve it amicably.
                    2. If resolution is not possible, Mobarter’s support team will step in to mediate based on platform records.
                    3. Our decision in a dispute is final and binding.

                      4. 11. Limitation of Liability

                      1. Mobarter is not responsible for losses arising from failed trades, hacks, or user error.
                      2. We are not liable for the actions or omissions of other users.
                      3. To the fullest extent permitted by law, our liability is limited to the amount of fees paid by you in the last 30 days.

                        4. 12. Intellectual Property

                        1. All content on the Platform (logos, trademarks, text, code, etc.) is the property of Mobarter.
                        2. You may not use or reproduce any content without our written permission.

                          3. 13. Suspension and Termination

                          1. We may suspend or terminate your access to the Platform for violating these Terms or applicable laws.
                          2. You may close your account at any time unless involved in an ongoing dispute or investigation.

                            3. 14. Privacy Policy

                            Your use of the Platform is also governed by our Privacy Policy, which outlines how we collect, store, and use your data.

                            15. Changes to Terms

                            We may update these Terms periodically. Changes will be communicated via email or platform notifications. Continued use after changes means you accept the new Terms.

                            16. Governing Law

                            These Terms are governed by the laws of [Insert Country/State]. Any legal action shall be brought in the courts of [Insert Jurisdiction].