Terms and Conditions
1. Introduction
1.1. These Terms & Conditions (Agreement) shall regulate the relationship between:
A. Compound Group (Pty) Ltd (also referred to as Compoundxbt, Company, we, us, our)
B. Any person being either a natural person or a legal entity (also referred to as Client, user, you, your,
yourself, as appropriate), who has successfully opened an account on or and agreed to the current
terms and conditions during the registration procedure.
1.2. Compoundxbt is not required to hold any financial services license or authorization to offer its
Services.
1.3. The Client warrants his understanding that laws regarding Compoundxbt Services vary throughout
the world and it is the Client’s obligation alone to ensure compliance with any law, regulation or
directive relevant to Client’s country of domicile.
1.4. By accepting this Agreement, the Client agrees and irrevocably accepts the terms and conditions
contained in this Agreement, its annexes and/or appendices as well as other documentation and any
information published on the Website:
https://www.compoundxbt.com
including without limitation to the Privacy Policy, Cookie policy, Anti-Money Laundering Policy, Referral
rules and conditions, and other legal documents and disclaimers. The Client accepts this Agreement by
registering an Account on the Website. By accepting the Agreement, and subject to Compoundxbt final
approval, the Client enters into a legal and binding agreement with Compoundxbt.
IF YOU HAVE OBJECTIONS TO ANY OF THESE TERMS AND CONDITIONS, OR ANY PART THEREOF, AND/OR
IF YOU DO NOT AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS, OR ANY PART THEREOF, DO
NOT ACCESS AND/OR USE SERVICES IN ANY WAY AND INFORM US IN WRITING IMMEDIATELY.
Compoundxbt reserves the right to alter, amend or modify this Agreement from time to time at the
Company’s sole discretion. Compoundxbt warns that in some or in all cases it will not notify the Client
personally via email about the changes made in this Agreement, therefore it is the responsibility of the
Client to check the Website from time to time to make sure he/she complies with the current version of
the Agreement.
2. Definitions
• Agreement – the present Agreement including any Annexes and/or Appendices attached herein as this
may, from time to time, be amended or replaced.
• Account – Clients personal account which can be accessed by using Client’s credentials, which provides
access to the Compoundxbt platform.
• Client – any person being either a natural person or a legal, who has successfully opened an account
on https://www.compoundxbt.com and agreed to the current terms and conditions during registration
procedure.
• Company – Compound Group (Pty) Ltd (also referred to as Compoundxbt, Company, we, us, our)
• KYC – means the documents of the Client that include the passport or ID, utility bill, and any additional
document that may be required by the applicable law.
• Restricted Jurisdiction – United States of America, Canada, Cuba, Japan, Algeria, Ecuador, Iran, Syria,
North Korea or Sudan, United States Minor Outlying islands, American Samoa, Russian Federation,
Israel, Saint Vincent and the Grenadines.
3. Becoming a Client
3.1. By registering an account at https://compoundxbt.com or, or through a mobile application
provided by Compoundxbt, you become a client and also represent, agree, and warrant that:
3.1.1. that you have read , fully understand and accepted the Terms and Conditions;
3.1.2. that you are of an age of majority to enter into this Agreement (at least 18 years of age), meets all
other eligibility criteria and residency requirements, and is fully able and legally competent to use the
Website, enter into agreement with Compoundxbt and in doing so will not violate any other agreement
to which you are a party;
3.1.3. that you are the legal owner of the funds you use in your Registered Account with Compoundxbt
and that the same funds were derived from a legitimate and legal source;
3.1.4. that using Services does not constitute a breach of your home jurisdictions ’laws;
3.1.5. that you are aware of the risks in using the services provided by Compoundxbt. These risks include
the fact that total loss of the funds could occur as well as possible failures, technical malfunctions of the
site and other technical malfunctions etc.
3.1.6. that if we require any KYC-procedure you will provide correct, genuine and up to-date information
or documents;
3.1.7. that any withdrawal account number or cryptocurrency address you provide is
your own and that you are in full control over this account or address;
3.2. When accessing and using the Service, you must:
3.2.1. not attempt to undermine the security or integrity of Compoundxbt’s computing systems or
networks where the Services are hosted.
3.2.2. not use, or misuse, the Services in any way which may impair or alter the functionality of the
Services or Website.
3.2.3. not attempt to gain unauthorized access to the computer system and servers on which the
Website is hosted or to any materials other than those to which you have been given permission to
access.
3.2.4. not transmit or input into the Website any files that may damage any other person’s computing
devices or software; content that may be offensive; or material or Data in violation of any law (including
Data or other material protected by copyright or trade secrets which you do not have the right to use);
3.2.5. not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any
computer programs used to deliver the Services or to operate the Website.
3.3. You will ensure that all usernames and passwords required to access the Website are kept secure
and confidential, and that it is your responsibility alone ensure this. You will immediately notify
Compoundxbt of any unauthorized use of your passwords or any other breach of security.
3.4. Compoundxbt reserves the right at any time to verify your identity for the purposes of complying
with the any KYC/AML requirements. Compoundxbt reserves the right to impose withdrawal limits if
required to conduct Customer Due Diligence (CDD). You agree to cooperate fully with us throughout this
process and that you will provide all documentation/information that we may require in order to verify
your identity and to assess the purpose of the business relationship.
4. Services of the Company
4.1. Each Client shall be the only authorized user of Compoundxbt’s Services and of the corresponding
Account. The Client is granted an exclusive and non-assignable right to the use of and to access the
Account. It is the Client’s responsibility to ensure that no other third party, including, without limitation,
to any next of kin and/or to members of their immediate family, shall gain access to their assigned
account.
4.2. Compoundxbt does not provide investment, financial, tax or regulatory advice. You understand that
you shall make your own assessment of any purchase prior to entering into a transaction, and shall not
rely on any opinion, material or analysis provided by Compoundxbt.
5. Risks related to Services
In respect to all available Services provided Compoundxbt, Client acknowledges, understands and agrees
that:
• Cryptocurrency Products and Services are very speculative and risky and is suitable only for those
Clients who:
(a) understand their nature and are willing to assume the economic, legal and other risks involved, and
(b) are financially able to assume significant losses.
• Client represents, warrants and agrees that all risks associated with Compoundxbt’s services are
understood and accepted. Client is willing and able, financially and otherwise, to assume the risks of
these services and that loss of Client’s funds will not change Client’s life style.
• Client agrees that Compoundxbt has no fiduciary duty to client and no liability in connection with any
products or services provided and is not responsible for any liabilities, claims damages, costs and
expenses, including attorneys’ fees.
• No guarantees of profit. There are no guarantees of profit or freedom from loss. Client has received no
such guarantees from Compoundxbt or from any of its representatives. Client is aware of the inherent
risks associated and is financially able to bear such risks and withstand any losses incurred.
• Service interference and third party attacks. There may be third party or other attacks targeting
computers/networks, spreading malware, running botnets, (D)DOS attacks, defacing websites, violations
of network security, etc. These attacks can have a material impact on service capability as well as
possible loss of funds. Clients acknowledges, understands and accepts that Compoundxbt shall bear no
responsibility or liability whatsoever for it.
6. Confidentiality and Personal Data
6.1. Compoundxbt may collect client information directly from the client or from other persons including
but not limited to credit reference agencies, fraud prevention agencies, third authentication service
providers, other financial institutions and the providers of registers.
6.2. Client information is to be treated by Compoundxbt as confidential and will not be used for any
purpose other than in connection with the administration and improvement of the Services, for research
and statistical purposes and for marketing purposes.
7. Communication with Clients
7.1. Compoundxbt will communicate with you via your registered e-mail. It is your responsibility to
inform us about any changes in your contact details.
7.2. You consent and agree that our official language is English language. The provision of any
information, including marketing material, any translated version of the Agreement and/or any other
communication, in a language other than English, is provided solely for convenience purposes and the
legally binding version shall always be English language version of such documentation or
communication.
7.3. Any communication sent to you by Compoundxbt is intended to be received by you only. You are
responsible for keeping any information we send to you private and confidential.
8. Warranties and Representations
You acknowledge that:
8.1. You are authorized to access and use the Website; In particular, the jurisdiction where you reside,
hold citizenship, or conduct business allows you to utilize Compoundxbt Services.
8.2. Your use of the Website and the Service is at your own risk. You agree that Compoundxbt is not
liable for any damages or harms arising out of your use of the Website and Service.
8.3. The information provided on the Website is for general information purposes only and is given in
good faith, you must only act upon such information at your own risk, knowing that Compoundxbt will
not be held liable for any resulting losses or damages. The information is selective and Compoundxbt
may not verify all information, which may not be complete or accurate for your purposes and should not
be relied upon without further enquiry. The information should not be construed as a recommendation
or engage the Service provided by Compoundxbt in a particular manner.
8.4. Compoundxbt does not warrant that the use of the Website will be uninterrupted or error free.
Among other things, the operation and availability of the systems used for accessing the Website,
including public telephone services, computer networks and the Internet, can be unpredictable and may
from time to time interfere with or prevent access to the Website. Compoundxbt is not in any way
responsible for any such interference that prevents your access or use of the Website and the Service.
Compoundxbt is not responsible for any losses, expenses, costs, or damages resulting from
interruptions, errors, or interferences.
8.5. Compoundxbt gives no warranty about the Website. Compoundxbt does not warrant that the
Website will meet your requirements or that it will be suitable for your purposes. To avoid doubt, all
implied conditions or warranties are excluded in so far as is permitted by law including, without
limitation, warranties of merchantability, fitness for purpose, title and non-infringement.
8.6. Client does not intend to hinder, delay or defraud Compoundxbt or any other clients or users of the
Website or engage in any illegal conduct and or unlawful activity in relation to money laundering,
receiving the proceeds of drug trafficking or terrorist activities; receiving the proceeds of criminal
activities, terrorist activities or trading with such countries as might from time to time be subject to any
embargo imposed by the Security Council of the United Nations, the European Union or any other place
of the world.
8.7. Compoundxbt denies all liability for the operation and reliability of the Website when used within
an Internet environment, where you or a third party is providing the computer equipment and/or
internet services upon which the product is dependent upon for any part of its functionality.
8.8. By using Compoundxbt Services you confirm that you understand that the timely operation of the
Internet and the World Wide Web is governed by constraints beyond the control of Compoundxbt. You
accept that the Compoundxbt is not liable for any perceived slow operation of the Website, or any
damages or losses that could result from slow operation of the Website.
8.9. Compoundxbt does not warrant that the Service will meet your requirements and that the Service
will be uninterrupted, timely, secure, or error-free; that the information provided through the Service is
accurate, reliable or correct; that any defects or errors will be corrected, or that the Service will be
available at any particular time or location. You assume full responsibility and risk of loss resulting from
your use of the Service, and Compoundxbt is not liable for any resulting losses or damages.
9. Indemnity and Limitation of Liability
9.1. The Client shall indemnify and keep indemnified Compoundxbt and its directors, shareholders,
officers, employees or representatives against all direct or indirect liabilities (including without limitation
all losses, damages, claims, costs or expenses), incurred by Compoundxbt or any other third party. This
indemnity shall survive termination of this Agreement.
9.2. Compoundxbt shall not be liable for any loss of opportunity as a result of which the value of the
assets of the client could have been increased or for any decrease in the value of the assets of the client,
regardless of the cause. Compoundxbt shall not be liable for any loss which is the result of
misrepresentation of facts, error in judgment or any act done or which Compoundxbt has omitted to do,
whenever caused.
9.3. Compoundxbt is committed to ensure continuity of the Services on the Website. However,
Compoundxbt assumes no responsibility for any error, omission, deletion, interruption, delay, defect, in
operation or transmission, communications line failure, theft or destruction or unauthorized access or
alteration of the site or Services. Compoundxbt declines the responsibility for any problems or technical
malfunction of any telephone networks or lines, computer online systems, servers or providers,
hardware or software, or any technical failure because of technical problems or traffic congestion on the
Internet, the site or any Service. In no event shall we be liable for any loss or damage arising from use of
the site or Services for any content posted on or through the site or Services, or the conduct of all users
of the site or Services, whether online or offline.
THERE IS NO EVENT COMPOUNDXBT OR ANY OF ITS DIRECTORS, SHAREHOLDERS, OFFICERS, EMPLOYEES
OR AGENTS SHALL BE LIABLE FOR ANY DAMAGES WHATSOEVER TO YOU, INCLUDING, WITHOUT
LIMITATION, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF OR
RELATED TO THE USE OF THE SITE OR THE SERVICES, INCLUDING WITHOUT LIMITATION THE QUALITY OF
THE USEFULNESS OF INFORMATION PROVIDED THROUGH OR AS PART OF THE SITE OR ANY
INVESTMENT DECISION MADE ON THE BASIS OF THE INFORMATION, WHETHER THE DAMAGES WERE
PREDICTABLE OR NOT AND WHETHER OR NOT COMPOUNDXBT HAS BEEN ACQUAINTED WITH THE
POSSIBILITY OF SUCH DAMAGES. LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT.
9.4. The Client is responsible for securing his/her username and password for their account. The client
holds sole responsibility for any damage caused due to any act or omission of the client causing
inappropriate or irregular use of the client account.
9.5. It is clearly stated and agreed by the Client that the Client bears sole responsibility for any decision
made or to be made by the Client relying on the content of the Website and no claim or suit of any kind
will arise to that effect against Compoundxbt and its directors, Shareholders, employees, functionaries
or agents. Compoundxbt will hold no responsibility for loss of profits related to the Website,
Transactions carried out by the Client, Services or any other damages, including special damages or
indirect damages or circumstantial damages caused.
10. Force Majeure
10.1. Compoundxbt shall not bear responsibility to any harm or any form which shall be caused to a
Client in the event that such harm is the result of a force majeure and any outside event which is not in
the control of Compoundxbt. Compoundxbt shall not bear any responsibility for any delay in
communications or failure in the Internet, including, without limitation, computer crashes or any other
technical failure, whether caused by the telephone companies and various telecommunication lines, the
ISP computers, Compoundxbt’s computers or the Client’s Computers.
11. Intellectual Property
11.1. Compoundxbt has exclusive intellectual property rights on all content, trademarks, services marks,
trade names, logos and icons that are the property of Compoundxbt, its affiliates and agents, and are
protected by copyright laws and international treaties and provisions. All Clients agree not to delete any
copyright notices or other indications of protected intellectual property rights from materials that the
client receives from 3rd persons or downloads and prints from the Website of Compoundxbt.
11.2. The Client agrees not to upload, post, reproduce or distribute any information,software or other
material protected by copyright or any other intellectual property rights (as well as rights of publicity
and privacy) without first obtaining the permission of the owner of such rights and the prior written
consent of Compoundxbt.
11.3. By submitting content about Compoundxbt and/or it’s Services to any public area in the internet,
including but not limited to blogs, message boards, and forums, you grant Compoundxbt a royalty-free,
perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish,
translate, create derivative works from, distribute, communicate to the public, perform and display the
content (in whole or in part) worldwide and to incorporate it in other works in any form, media, or
technology now known or later developed, for the full term of any rights that may exist in such content.
12. Taxes
12.1. Compoundxbt is not a tax agent and thus shall not provide clients' financial information to any
third parties. This information will not be disclosed unless officially requested by government
authorities. Client irrevocably accepts full responsibility for their actions according to current tax
legislation valid at the place of residence/living of the Client regarding any performed Transactions,
included but not limited to revenue/income tax.
13. Contacting us
13.1. If you have any questions about this Agreement, please feel free to contact us or to write to us at
e-mail: support@compoundxbt.com