Terms of Use | Brazil Bitcoin

INTRODUCTION

This website and all its content (the "Site") is operated and exclusively owned by BRASIL BITCOIN SERVIÇOS DIGITAIS LTDA., a company registered with the CNPJ under number 29.519.837/0001-23 (the "Brasil Bitcoin"). All rights reserved.

The Site, hosted under the domain www.brasilbitcoin.com.br, provides an online platform owned by Brasil Bitcoin so that its users can utilize its services (“Platform”). The Platform, including all its content and available services, can also be accessed through the Brasil Bitcoin mobile application available for all mobile phones (“Application”).

These General Terms and Conditions of Use (the "Terms of Use") contain the general terms and conditions that govern the use of the Platform, including the Website and Application.

Brasil Bitcoin advises that the Terms of Use be consulted frequently.

BRAZIL BITCOIN PLATFORM

This Website and/or Application facilitates the connection between Users who wish to buy and sell encrypted digital currencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) (the "Cryptocurrencies"), through its Platform, as well as the storage of Users' Cryptocurrencies in Virtual Wallets. In other words, through the Platform, Users can buy Cryptocurrencies from other Users and sell their own Cryptocurrencies to other Users registered on the Website, in addition to storing them and making withdrawals, either in Cryptocurrencies or in national currency.

The User acknowledges and accepts that, unless expressly stated otherwise by Brasil Bitcoin, the Platform does not support metacoins, colored coins, side chains, derivatives, crypto assets split in processes known as hard forks, other crypto assets, or any other forms of digital representations of value not expressly listed by Brasil Bitcoin as supported Crypto Assets, including, but not limited to, those that interact with and/or supplement Crypto Assets supported by Brasil Bitcoin.

Brasil Bitcoin does not buy or sell cryptocurrencies. Brasil Bitcoin only provides, through its website and/or application, a platform to facilitate the connection between users interested in buying and selling cryptocurrencies. Brasil Bitcoin is not responsible for transactions carried out by users, nor for their decisions and any consequences arising from them, even if those decisions were made based on information obtained from the platform.

Brasil Bitcoin does not own or control the protocols and networks that govern the Cryptoassets supported by the Platform, including, without limitation, the blockchains where Transactions are recorded. Frequently, these Cryptoassets have open source code, and any individual may use, copy, modify, and distribute the underlying code of the Cryptoasset in question. Brasil Bitcoin assumes no responsibility for the operation, maintenance, and development of these protocols, networks, and Cryptoassets and cannot guarantee their functionality, security, or availability.

Brasil Bitcoin is not a financial institution or payment arrangement provider. In accordance with Communication No. 25,306 from the Central Bank of Brazil, ownership of a cryptocurrency does not guarantee conversion to official currency; its conversion depends on the interest of other users of the Platform in converting the credit rights related to a given cryptocurrency into official currency. For conversions between users, which are the sole and exclusive responsibility of the users themselves, Brasil Bitcoin provides third-party payment solutions, such as financial institutions, and these transactions are the exclusive responsibility of those companies. Brasil Bitcoin does not directly hold and/or transact any financial assets.

Brasil Bitcoin does not work with "consultants" or "representatives," and the services are offered only through the website, where the registered user is responsible for their transactions.

The User may only use the Services offered by the Platform after registering and accepting the rules expressed in these Terms of Use. Thus, by accepting these Terms of Use, the User declares that they have read and understood all their rights and obligations, agree to and will comply with all the provisions herein, automatically binding themselves to these Terms of Use and any documentation mentioned in these rules. Failure to comply with the rules may result in the registration being blocked and the user being prevented from using the Platform.

Under no circumstances shall Brasil Bitcoin be liable for any losses, damages, harm, lost profits and/or reparations of any other nature that may be incurred by Users as a result of any Transaction.

Brasil Bitcoin reserves the right, at its sole discretion, to implement limits on the use of the Platform, such as, but not limited to, the number of Transactions to be carried out by the User, as well as the right to update the Platform whenever it wishes, and to cease trading it, updating it, or even discontinuing it at any time.

In the event of discontinuation of the Platform, Brasil Bitcoin will guarantee its operation for up to 1 (one) month after the date of the discontinuation announcement.

REGISTER

1. To use the Services and access the Platform, Users must complete a prior registration (“Registration”) in which the User must provide a valid email address, their tax identification number (CPF number, if an individual, or CNPJ number, if a legal entity), and a password. By providing this information, the User completes the Simplified Registration and becomes the holder of a Basic Unverified Account. The user will also be required to indicate whether they are considered a US Person, for FATCA purposes, or a Politically Exposed Person (PEP).

2. Registration on the Platform is free, however, fees will be charged for the Services, according to the Fee Schedule available through the link [https://brasilbitcoin.com.br/taxas](https://brasilbitcoin.com.br/taxas].

3. Access to and use of the Platform is directed only to (i) natural persons over 18 (eighteen) years of age, residing and domiciled in Brazil, who have full legal capacity to use it and (ii) companies in good standing, legally constituted and existing in accordance with Brazilian law, which have an interest in trading Cryptocurrencies (the "Users"). In the case of an emancipated minor, it is necessary to submit the document proving the emancipation. In the case of Legal Entities, the User's registration must be carried out by their duly authorized legal representative.

4. In the case of registration of a Legal Entity, this must necessarily be carried out by a duly authorized legal representative and must include, in addition to the information mentioned above in item 1, the full name and CPF (Brazilian tax identification number) of the person responsible for the registration, as well as information about their relationship with the registered Legal Entity, whether they are a partner, administrator, or authorized attorney. If they are an attorney, they must send a power of attorney to Brasil Bitcoin support granting powers to operate the platform on behalf of the Legal Entity and to carry out transactions.

5. The User declares that the Personal Information provided at the time of registration is correct, complete and true and undertakes to keep their data always updated; otherwise, the registration may be blocked and the user prevented from using the Platform. The User is always responsible for such information.

6. Brasil Bitcoin does not review the information provided by the User and is not responsible, under any circumstances, for such information. However, Brasil Bitcoin reserves the right to verify, at any time, the accuracy of such information and to request, at its sole discretion, clarifications and supporting documentation that it deems necessary for the proper verification of the information provided and the validation of the registration, and may even refuse to validate any registration without any justification. If the User refuses to provide clarifications or submit additional documents as requested by Brasil Bitcoin, their account will be canceled and these Terms of Use will be automatically terminated.

7. If Brasil Bitcoin detects any registration made using false, incomplete, misleading, erroneous, or deceptive information, or by irregular or non-existent companies, or if it cannot verify the User's identity, that registration will be automatically blocked until the situation is rectified, or deleted if the situation is not rectified. If deleted, the User's access to the Platform and Services will be permanently canceled, and these Terms of Use will be automatically terminated. If the user has a balance, it will be held in a court-controlled account.

8. The User understands and agrees that Brasil Bitcoin and/or other companies in the group may, whenever necessary, enrich data related to the User, their guardian or legal representative, so that the registration database is robust and prepared to adequately meet applicable regulatory requirements, and may, for this purpose, use information available in public and/or private databases and/or other sources and tools available on the market.

9. Upon registration, the User will become the holder of a personal account, which can only be accessed using the login and password created by the User. The User is responsible for their account and any activity associated with it. Therefore, the User is prohibited from sharing their login and password with third parties.

10. Each User is permitted to maintain only one account on the site. If Brasil Bitcoin detects the existence of more than one account in the name of the same User, one or all accounts may be suspended at the sole discretion of Brasil Bitcoin.

11. The User will be solely responsible for the safekeeping and use of their created login and password, and must immediately notify Brasil Bitcoin in case of loss, misplacement, or theft of such login and/or password. Brasil Bitcoin will not be responsible for accesses made by unauthorized third parties. The User will be solely responsible for operating their account, especially for cryptocurrency buying and selling operations on their Platform account. Brasil Bitcoin will not be liable for any direct, indirect, or incidental damage resulting from the misuse or inability to use the Platform by the User or any third parties. All Personal Information voluntarily provided by the User at the time of registration is subject to security measures that prevent unauthorized access, use, and disclosure.

12. It is possible and recommended that the User perform 2-factor authentication, also known as "2FA authentication," which is an extra layer of security for their account. You are not required to activate it, but it is highly recommended that you do so to ensure the integrity of your account. In general, 2-factor authentication sends a randomly generated token with a short lifespan to the registered device, and access is only allowed when this token is correctly entered, similar to the security token used by banks. We offer 2 (two) types of authentication: email or application. To activate 2-factor authentication, you must go to the "security" tab and choose how you want to receive your token. From its activation, any transaction will require confirmation via token, thus preventing, even if the account is compromised, a third party from successfully carrying out transactions, as they will not have access to the token.

13. Brasil Bitcoin reserves the right to refuse any registration request and to suspend or cancel a previously accepted registration in cases of (i) violation of any of the provisions of these Terms of Use; (ii) impossibility of verifying the User's identity or finding or suspecting falsehood in any of the information provided by him/her; (iii) practice by the User of fraudulent or malicious acts or the adoption of any behavior that, at Brasil Bitcoin's discretion, is incompatible with the Platform's objectives, with civility towards other Users or that may, in any way, cause damage to third parties or to the Platform or, also, due to lack of commercial interest. If any User's registration is suspended or canceled for any of the reasons stipulated in these Terms of Use, all of their unexecuted buy or sell orders for Cryptoassets will be automatically canceled, and any available Reais in the Virtual Wallet will be returned to the User's registered bank account or the last account to which the User deposited funds, at Brasil Bitcoin's discretion, except in the case of a Court Order or Compliance measure determining otherwise. Regarding any available Cryptoassets, if there is no blocking situation, whether by Court Order or Compliance, Brasil Bitcoin will prompt the User to provide the destination wallet address.

ACCOUNT VERIFICATION

14. Account Verification: You can operate on the site with a verified or unverified account. An unverified account is only possible within the Basic Category, which will be called "Unverified Basic Category," and you cannot make withdrawals in Reais or any Cryptocurrency.

14.1. In the case of registration of a Legal Entity, Brasil Bitcoin may, at its discretion, request documents from the partners and administrators, plus a simplified statement or Income Tax return from the company. If the company has recently opened and does not have income verification documents, those of the partners and administrators may be requested.

14.2. It is the User's responsibility to keep their information and documents up to date, in particular (a) Corporate document; (b) Proof of address; (c) Power of attorney of the Legal Representative, if applicable.

14.3. Brasil Bitcoin reserves the right to modify any client's credit limit without prior notice, as determined by the Compliance department.

15. For more information on the collection, use, storage, processing, and security of Personal Information, the User should read the Brasil Bitcoin Privacy Policy, which can be accessed here. The Brasil Bitcoin Privacy Policy is an integral and inseparable part of these Terms of Use. Acceptance of these Terms of Use implies acceptance of the Privacy Policy.

AUTHORIZATION FOR THE USE OF REGISTRATION DATA

16. The User declares that they are aware of the LGPD – General Data Protection Law that came into effect in August 2020 and AUTHORIZES Brasil Bitcoin to USE their personal data, free of charge, for the purpose of using the Platform. Brasil Bitcoin is authorized to make decisions regarding the processing of personal data obtained for registration on the Platform, as well as to process such data, involving operations such as collection, production, reception, classification, use, access, reproduction, transmission, distribution, processing, archiving, storage, elimination, evaluation or control of information, modification, communication, transfer, dissemination or extraction.

SERVICES AVAILABLE ON THE PLATFORM

17. Through the Services provided by the Platform, Brasil Bitcoin offers a platform for the purchase and sale of Cryptoassets by the User, transactions carried out by the Users themselves, allowing them to negotiate directly with each other, without Brasil Bitcoin participating in the contact, negotiation or execution of these transactions, characterizing Brasil Bitcoin only as the maintainer of the Platform that enables the transactions.

18. The User may use the Services through the Platform to (i) store Cryptoassets in their Virtual Wallet and resources in Reais in their Brasil Bitcoin Account, (ii) issue Purchase Orders and/or Sell Orders, (iii) receive Cryptoassets in their Virtual Wallet from Purchase Orders or Cryptoasset deposits, (iv) receive resources in reais in their Brasil Bitcoin Account from Sell Orders or bank accounts held by the User; (v) request the withdrawal of such resources from their Brasil Bitcoin Account; (vi) pay bank slips by debiting reais from their Brasil Bitcoin Account.

VIRTUAL WALLET

19. After the User completes the Registration, a Virtual Wallet for storing Cryptoassets is automatically created for the User, owned by the User and maintained in their name, which can be accessed, consulted and transacted through the use of their login and password.

20. Each Cryptoasset transfer to a User's Virtual Wallet will use an address (public key) generated exclusively for that specific transfer. The User must not use the same address (public key) more than once.

BRAZIL BITCOIN ACCOUNT

21. In order to allow Users to (i) receive funds in reais from the sale of Cryptoassets through the Platform; and (ii) if they so wish, hold funds in reais for the purpose of executing Purchase Orders through the Platform or paying bills, a Brasil Bitcoin Account, a payment account in the User's name, is automatically created after validation of the necessary Registration, in addition to the Virtual Wallet.

22. The funds held in the Brasil Bitcoin Account are held in custody in a bank account owned by Brasil Bitcoin and may be withdrawn by the User at any time by transferring them to the bank account they provided in their Registration.

PURCHASE OF CRYPTO ASSETS

23. To purchase Cryptoassets through the Platform, the User must publish a Purchase Order on the Platform, which may or may not be a response to a Sell Order from another User that interests them. In order to issue a Purchase Order, the User must have the equivalent value of the purchase available in their Brasil Bitcoin Account.

24. The purchase price of Cryptoassets is determined by the Users involved in the transaction in question, without any involvement from Brasil Bitcoin.

25. The clearing of DOC, TED, or any other means of depositing reais into the Platform DOES NOT guarantee the price of the Cryptoasset at the time of the intention or at any other time. Only by purchasing the Cryptoasset through a Purchase Order and its acceptance will it be possible to acquire and have the price of the Cryptoasset presented in the order book.

26. The User is aware that issuing a Purchase Order represents a valid offer for all purposes. Once accepted by another User, the purchase and sale transaction of the Cryptoasset(s) will be automatically completed and cannot be undone or modified. The User shall be liable to the User who accepts the transaction for any expenses and losses caused by their eventual withdrawal, and Brasil Bitcoin shall have no responsibility whatsoever.

27. The Purchase Order may be partially accepted by the other User, and the remainder may or may not remain valid for acceptance by another User, at the discretion of the User who issued the Purchase Order.

SALE OF CRYPTO ASSETS

28. In order to issue a Sell Order, the User must have Cryptoassets stored in their Virtual Wallet.

29. To sell Cryptoassets through the Platform, the User must publish a Sell Order on the Platform, which will remain available on the Platform until (i) it is accepted by another User or (ii) it is withdrawn before acceptance by the User by canceling it, whichever occurs first.

30. The sale price of the Cryptoasset, which will be stated in the Sale Order, is set by the User without any involvement from Brasil Bitcoin.

31. The User is aware that issuing a Sales Order represents a valid offer for all purposes. After acceptance by another User, the purchase and sale transaction of the Cryptoasset(s) will be automatically completed and cannot be undone or modified, and the User shall be liable to any other Users who may accept the transaction for any expenses and losses caused by their eventual withdrawal.

STORAGE OF CRYPTO ASSETS IN A VIRTUAL WALLET

32. The User may store their Cryptoassets in their Virtual Wallet (i) for the purpose of issuing a Sell Order or (ii) solely for the storage of the same.

33. The User may, at any time, transfer their Cryptoassets to another Platform, manager or Cryptoasset virtual wallets (e-wallets), subject to applicable fees as per the Fee Schedule provided.

34. In the event of any event, foreseen or unforeseen, in the network, protocol, or consensus in which cryptoassets are issued, including, but not limited to, a network fork event, Brasil Bitcoin expressly declares, and the User agrees by accepting these terms of use, that Brasil Bitcoin will have no obligation to create the means for its users to receive any assets resulting from such events, including but not limited to other cryptoassets (existing or created as a result of the respective event), unless there is prior written notice to the contrary published by Brasil Bitcoin on the platform. Users who are aware of an upcoming event (noting that Brasil Bitcoin is in no way responsible for notifying Users of the imminence of any such event) and wish to receive said assets must, if they so wish, take the necessary steps to redeem their cryptoassets from virtual wallets on Brasil Bitcoin and transfer them to other platforms.

STORING MONEY IN A BRAZIL BITCOIN ACCOUNT

35. The User may store money in their Brasil Bitcoin Account for the settlement of Cryptoasset Purchase Orders. Deposits of Reais into their account may only be made by the User via bank transfer (DOC, TED or PIX).

36. The User declares that they will only store and use Brazilian Reais in their Brasil Bitcoin Account for the purpose of settling Purchase Orders.

37. Depending on the financial institution used, the User must present proof of the bank transfer to Brasil Bitcoin by submitting it on the Platform. The amount reported must correspond exactly to the amount actually deposited, otherwise the credit may be delayed in being made available in the Brasil Bitcoin Account or the User may be held liable for losses and damages. Therefore, ALWAYS provide the correct information regarding the electronic transfer.

38. Due to the systems used by financial institutions, Brasil Bitcoin may be erroneously informed by the financial institution that a bank transfer made by a User may be for a higher or lower amount than the amount actually transferred by the User. In this case, the User must inform Brasil Bitcoin support IMMEDIATELY and must refrain from making any transactions in Reais (Brazilian currency) with a higher deposit value, under penalty of account termination and liability for losses and damages, in addition to a fine of 20% (twenty percent) on the amount improperly used.

39. Any and all deposits or transfers in Brazilian currency (R$) can only be made to an account under the same name as the account holder, i.e., CPF or CNPJ. Third parties may not deposit amounts in Reais into the account of Users who are not the account holder, even if this third party is a company of which the User is a partner or vice versa.

40. In the case of a joint account, the account must be registered, with the following additional data to be sent to Support:

a) Full name and CPF (Brazilian tax identification number) of the other account holder;

b) Photo of each cardholder's card, indicating that the User is also a cardholder, OR a check showing both cardholders OR a statement from the Bank stating who the cardholders are.

41. Bank transfers are subject to the operation of systems beyond the control of Brasil Bitcoin, such as financial institutions. While rare, failures or delays may occur, and Brasil Bitcoin assumes no responsibility, as this is a third-party event.

42. In the event of a deposit into a bank account held by a third party, a refund will be issued, and the User must complete the form provided by Support. The refund is conditional upon payment of a fee to Brasil Bitcoin for the expenses incurred with this improper deposit.

43. Deposits from prepaid accounts are also not accepted; in such cases, the funds will be refunded to the sender's account.

Brazil Bitcoin Card

44. Upon express request from the User, Brasil Bitcoin may issue the Brasil Bitcoin Magnetic Debit Card. Issuance of the Brasil Bitcoin Card is subject to prior verification by Brasil Bitcoin to ensure there are no irregularities in the identification and/or registration data of the User or their Legal Representative or attorney.

45. The User will provide the information for issuing the Card if their Registration is not sufficient, and will be responsible for verifying the data on the Card, which will be delivered blocked, as a security measure, for unlocking by the User.

46. Brasil Bitcoin will issue the Brasil Bitcoin Card to the User, who must provide an identification password for their personal, exclusive, and non-transferable use. The User is responsible for safeguarding and maintaining the confidentiality of this password and for immediately reporting any loss, misplacement, theft, robbery, or suspected fraudulent use of the card. Failure to report this exempts Brasil Bitcoin from any liability for the improper or fraudulent use of the Card by third parties. The User is obligated to keep the password and security key strictly confidential and is solely responsible for any breach thereof.

47. Card usage fees apply to the User, which may be disclosed by Brasil Bitcoin itself or by the card network administrator.

48. The affixing of the Brasil Bitcoin Card, password, and security key by the User when accessing electronic terminals will be considered, for all purposes and effects, as an express and unequivocal manifestation of the User's will to carry out the transactions requested therefrom, considering this affixing as an electronic signature, with the effect of a handwritten signature by the User.

49. The User acknowledges that the Accounts and the Cards linked to them are for personal use and exclusively directed to the registered CPF or CNPJ, and the transfer or loan, whether free of charge or for consideration, to third parties is expressly prohibited.

50. The User is solely responsible for the safekeeping and use of their Accounts and/or Cards, releasing Brasil Bitcoin from any and all liability for any and all damages resulting from improper use by third parties, whether authorized by the User or not.

OTHER NEGOTIATION FEATURES

51. STOP-LIMIT: The User may, at their sole discretion, register and schedule purchase or sale intentions for a crypto asset on the platform, which will be executed automatically when a certain price is reached, according to the value defined by the User.

52. OCO - ONE-CANCELS-THE-OTHER ORDER: In their strategy, the User may also make use of the OCO functionality, where as soon as an order is executed, it opens two other orders simultaneously, one for loss and one for profit, and when one of these two orders is hit, the other is automatically canceled.

53. API TRADE: API trade is an advanced feature that allows you to program bots to perform automated operations. We recommend using this option only if you know exactly what you are doing. The API key grants full access to your account.

54. Brasil Bitcoin is not responsible for the non-execution of orders due to quantities or prices different from those intended by the User, since it is only the Platform provider that enables trading, and such criteria vary according to market trading conditions. Therefore, Brasil Bitcoin cannot be held responsible for situations such as "Slippage," which occurs when the transaction is carried out but cannot be executed at the exact price intended.

PAYMENTS VIA BANK SLIP

55. The User may use their available balance on the Platform to pay water, electricity, telephone, and other bills. Additionally, they can also pay bills generated by other banks. When paying a bill, you can specify the amount you wish to use from your balance in Reais and Bitcoin. There are no fees for this transaction, and there is a daily limit indicated on the platform, as well as a payment time limit.

OTC (Over-the-Counter) Service

56. Brasil Bitcoin provides intermediary services for the purchase and sale of Cryptoassets in amounts exceeding R$ 200,000.00 (two hundred thousand reais).

57. To that end, the User, whether an individual or a legal entity, must register with the Brasil Bitcoin platform and follow all the guidelines and best practices contained in this document, including regarding the provision of information related to their financial capacity.

58. Due to the dynamics of the OTC service, negotiations between parties may be conducted via electronic messages, whether by email, WhatsApp or similar means, as well as by telephone call, made by any means, and are considered valid for all purposes.

LIMITS

59. Brasil Bitcoin may use certain parameters of its own to establish certain limits, such as, but not limited to, the number of Cryptoasset transactions and the amounts transferred and stored in the Brasil Bitcoin Account.

60. Brasil Bitcoin may, at its sole discretion, increase or decrease the limits initially stipulated, requesting the necessary information and documentation in accordance with its Compliance Policy.

INTEGRITY

61. Brasil Bitcoin operates in accordance with the law and does not condone espionage, fraud, or money laundering; therefore, if any irregularities are identified, the registration will be blocked.

62. Brasil Bitcoin further declares that it complies with the highest ethical and legal standards applicable to its business, thus fulfilling the obligations imposed by Normative Instruction No. 1,888 of July 10, 2019, of the Brazilian Federal Revenue Service, reporting data on all its operations, including balances in crypto assets and/or fiat currency. Therefore, the USER ACKNOWLEDGES AND AGREES THAT INFORMATION RELATED TO TRANSACTIONS – PURCHASE ORDERS AND SELL ORDERS – EXECUTED THROUGH THE PLATFORM WILL BE PROVIDED TO THE COMPETENT AUTHORITIES.

63. In the case of individual or corporate Users residing or headquartered, as applicable, in the United States of America or otherwise subject to regulations applicable to such persons, the User must also provide the information necessary to report their operations to the applicable authorities, including under the Foreign Account Tax Compliance Act (FATCA). In this case, the USER ACKNOWLEDGES AND AGREES THAT INFORMATION RELATED TO TRANSACTIONS – PURCHASE ORDERS AND SELL ORDERS – EXECUTED THROUGH THE PLATFORM MAY BE PROVIDED TO COMPETENT LOCAL AND FOREIGN AUTHORITIES UNDER FATCA.

64. The User acknowledges that Brasil Bitcoin will report to the Council for the Control of Financial Activities (COAF), in its new name UIF (Financial Intelligence Unit), or other bodies provided for by Brazilian law, any transactions that may be considered as crimes of money laundering or concealment of assets, rights and values, under the terms of Law 9.613/98. Furthermore, Brasil Bitcoin may disclose the User's registration data to Public Authorities to comply with regulatory standards and/or judicial requests.

65. The User is prohibited from:

65.1. To violate any municipal, national, or international legislation that is integrated into the Brazilian legal system, or that, for any legal reason, must be applied in Brazil, and to practice acts contrary to morality and good faith.

65.2. Impersonating another person or entity; uploading, transmitting, disclosing, displaying, sending, or otherwise making available any content that violates any third-party rights; uploading, transmitting, disclosing, displaying, sending, or otherwise making available any type of unsolicited or unauthorized advertising, promotional material, or advertisement, such as unsolicited messages or mass mailings (known as "junk mail" or "spam").

65.3. Uploading, transmitting, disclosing, displaying, sending, or otherwise making available any content containing viruses or any other computer code, file, or program intended to interrupt, destroy, or limit the functionality of any software, hardware, or equipment; threatening, coercing, or intimidating other Users; violating the rights of confidentiality and privacy of other Users or third parties, always observing the Privacy Policy; and engaging in any acts that directly or indirectly, in whole or in part, may cause harm to Brasil Bitcoin, other Users, or any third party.

RATES

66. Fees will be charged for the Services in accordance with the Fee Schedule provided by Brasil Bitcoin via the link [https://brasilbitcoin.com.br/taxas](https://brasilbitcoin.com.br/taxas].

67. Brasil Bitcoin reserves the right to change this Fee Panel without prior notice to the User regarding these changes.

68. Brasil Bitcoin will debit the fees directly from the amounts credited to the User's Virtual Wallet.

69. Brasil Bitcoin operates with Trading Fees and Operational Fees. Trading Fees refer to a percentage due in relation to the crypto assets traded, using a regressive model based on the monthly trading volume. That is, the higher the volume, the lower the Trading Fee. Operational Fees, on the other hand, are charged in the case of withdrawals in Reais or Crypto assets and may vary depending on the recipient institution used. Refund: If the User makes a deposit that violates any of the terms presented here or in any area of the Site, a Refund Fee of R$ 10.00 will be deducted for the refund to be processed within a period of up to 3 (three) business days. If the bank is not a partner bank, the TED fee will be added to the amount.

70. It is the User's responsibility to read all communications and notices presented to them on the Platform, especially regarding fees. And Brasil Bitcoin reserves the right to take appropriate legal and extrajudicial measures to collect any amounts owed to it.

AVAILABILITY AND IMPROVEMENTS/FIXES/NEW VERSIONS

71. Brasil Bitcoin strives to ensure that the information provided is accurate, complete, and up-to-date, and that its use is uninterrupted and error-free. However, we cannot guarantee the Platform's full-time operation, as it depends on services provided by third parties, such as telecommunications companies and internet access providers. Furthermore, we will suspend the use and access to the Platform in cases of unforeseen circumstances or force majeure, for example, in the event of cyberattacks and other incidents that may impair the Platform's functionality and jeopardize User information.

72. Brasil Bitcoin will make its best efforts to keep the information on the Platform as up-to-date, complete, and accurate as possible. To that end, it will endeavor to correct any inaccuracies or omissions in the information contained on the Platform as quickly as possible.

73. The Platform will be constantly improved by Brasil Bitcoin, as it sees fit and needs, and may even be temporarily suspended due to improvements made by Brasil Bitcoin. All modifications, improvements and corrections made to the Platform, even if informed, requested and eventually paid for by the User, are incorporated into the Platform and subject to these Terms of Use.

74. Brasil Bitcoin is entitled to accept suggestions for improvements made by the User, but under no circumstances does the User have any ownership rights over such additions or improvements.

75. The User hereby agrees to modifications, implementation of new features, tools, improvements, or corrections to the Platform model they use, with Brasil Bitcoin having the discretion to manage and approve these modifications to the Platform. The implementation of updates will be carried out automatically by Brasil Bitcoin on the Platform, and it will be the User's responsibility to download the new versions made available.

CANCELLATION

76. Cancellation. These Terms of Use remain in effect from the moment the User accepts them until the account created by the User during registration is cancelled.

77. Cancellation by Brasil Bitcoin. Without prejudice to other hypotheses provided for in these Terms of Use, Brasil Bitcoin reserves the right to suspend or definitively cancel, at any time and without prior notice, any User's access to the Platform, by canceling their account, if it verifies: (i) inactivity of the User's account for a period of 180 (one hundred and eighty) days; (ii) evidence of fraud; (iii) evidence of illegal activities or acts that may cause damage to third parties or the Platform or that demonstrate the User's bad faith; (iv) obtaining benefit or advantage in an illicit manner; (v) non-compliance with any of the conditions of these Terms of Use or applicable legislation; (vi) provision of false, inaccurate, incomplete or misleading information or failure to provide additional information and/or documents, whether or not for the validation of the Registration; (vii) Attempt at double-spending, that is, using the same Cryptoasset in two transactions; (viii) Operations incompatible with the User's economic capacity. In these cases, no compensation will be due to the User, and Brasil Bitcoin may initiate appropriate legal action for reimbursement or damages, if necessary, as well as any other measures necessary to pursue and protect its interests. If the account is suspended, the User's access to the Platform and Services will be permanently canceled, and these Terms of Use will be automatically terminated. If the user has a balance, it will be deposited in a court account.

78. Cancellation by the User. If the User wishes, they may request the cancellation of their account at any time through the Platform's settings. However, since canceling the registration implies the cancellation and deletion of their Virtual Wallet, the User must redeem any remaining balances in their Virtual Wallet; otherwise, the cancellation will not be granted. If the balance is in Reais (Brazilian currency), the User must make a withdrawal request.

79. Refund of Funds. In case of cancellation or suspension of the User's account by Brasil Bitcoin, the remaining balance in the User's account will be refunded, unless the cancellation was due to suspected fraud, illegal activities, or a court order, in which case Brasil Bitcoin reserves the right to retain the balance of the User's Virtual Wallet at the time of termination until the investigation is completed or deposit it into a court account, without prejudice to taking any legal action it deems necessary. In case of cancellation, except for the aforementioned exception, the refund of funds will occur as follows:

79.1. Amounts in Brazilian Reais: may be withdrawn by the User (if the cancellation was initiated by the User) or may be deposited by Brasil Bitcoin into the User's bank account, which must be under their name and provided during registration – this account must be valid and located in the same country where the funds to be transferred originated (if the cancellation was initiated by Brasil Bitcoin); and

79.2. Cryptocurrency Values: may be converted into Reais (Brazilian currency), using the exchange rate of the day informed on the Site, and deposited into a bank account held by the User indicated at the time of registration OR, at the discretion of Brasil Bitcoin, may be transferred to another virtual wallet under the responsibility of another company or platform, which must be indicated by the User within 60 (sixty) days from the date of suspension or cancellation of the account. Failure to indicate the aforementioned virtual wallet within the stipulated period will result in the automatic conversion of the balance into Reais and its respective deposit into the User's bank account, as mentioned in this item.

80. Death. If the account holder dies, the relative who makes contact must provide the Death Certificate and prove their relationship with the user. The funds must remain intact and be included in the inventory of all the deceased person's assets. It is essential that family members do not withdraw funds from the bank account without first completing the inheritance procedures. The funds in the current account must remain intact and be included in the inventory of all the deceased person's assets.

81. Other Provisions. The User agrees that, if their account is canceled, either by the User or by Brasil Bitcoin: (i) all Purchase Orders and/or Sell Orders not yet accepted will be automatically canceled; (ii) all Fees paid, even in advance, will not be refunded to the User; (iii) all information stored on the Platform relating to their transactions cannot be accessed or retrieved, and Brasil Bitcoin has no obligation to store or pass on this information to the User; (iv) all obligations assumed by Users in these Terms of Use will remain in effect until they are fulfilled, including, but not limited to, the User's responsibilities.

RESPONSIBILITY

82. Brasil Bitcoin is not responsible for transactions carried out on the Platform, as it is not a party to any cryptocurrency buying and selling operation between Users. Therefore, Brasil Bitcoin is not responsible for the fulfillment of obligations assumed by one User to another, including the issuance and acceptance of Buy Orders and Sell Orders. When trading cryptocurrencies on the Platform, the User declares and warrants that they do so at their own risk, releasing Brasil Bitcoin from any losses, damages, or lost profits that the User may suffer as a result of operations carried out or not completed through the Platform, assuming responsibility for all damages caused to Brasil Bitcoin and third parties.

83. Brasil Bitcoin is not a financial advisory or investment consulting firm, but merely a company that provides a Platform to connect Users interested in trading Cryptocurrencies with each other. Therefore, Brasil Bitcoin is not responsible for any practices carried out by Users through the Platform, and decisions made by Users based on information obtained through the Site or the Platform, whether administrative, business, managerial or otherwise.

84. It is the User's responsibility to: (i) maintain the security of their devices used to access the Site, using specific tools such as antivirus, firewall, among others, in order to contribute to the prevention of electronic risks; (ii) use updated and efficient operating systems for the full use of the Site; and (iii) equip themselves and be responsible for the hardware devices necessary to access the Site and the Platform, as well as for their access to the Internet.

85. All communications between Brasil Bitcoin and the User will be made through the Platform or the email address provided by the User during registration. It is the User's responsibility to configure their anti-spam systems so that they do not interfere with receiving communications from Brasil Bitcoin. The User is solely responsible for receiving and viewing communications. Brasil Bitcoin is not responsible for communications sent by Brasil Bitcoin itself that are ignored or not received by Users due to misuse of their email tool.

86. The Site may contain links to third-party websites or services that are not owned or controlled by Brasil Bitcoin, and Brasil Bitcoin assumes no responsibility for the content, accuracy, policies, practices, or opinions expressed on any of these third-party websites or by any third party with whom the User interacts through the Site. Brasil Bitcoin suggests that the User read the terms of use and privacy policies of each third-party website or service that the User visits or uses. For greater security due to possible phishing attempts, Brasil Bitcoin advises that the user always verify that the link they are accessing is correct (

87. Brasil Bitcoin uses third-party services to maintain the Platform's operation (e.g., hosting services and payment processing services), and therefore, failures in such services may occasionally occur. Brasil Bitcoin will not be liable for any losses, damages (direct or indirect), and lost profits arising from the failure of these third-party services, but will, to the extent possible, keep the User informed about deadlines and measures taken to remedy said failure.

88. Considering the inherent characteristics of the internet environment, the User acknowledges that Brasil Bitcoin is not responsible for platform failures resulting from circumstances beyond its control, whether or not caused by acts of God or force majeure, such as lost, incomplete, invalid or corrupted information; hacker and malicious software interventions; technical failures of any kind, including failures in accessing or browsing the Site resulting from internet failures in general, power outages, electronic and/or physical malfunctions of any network, interruptions or suspensions of connection and user software and/or hardware failures; scheduled shutdowns for maintenance, updates and configuration adjustments of the Platform; any human error of any other kind that may occur during the processing of information on the site, thus exempting Brasil Bitcoin from any liability arising from such facts and/or acts.

89. By accepting these Terms of Use, the client agrees that, in the event of any network event, Brasil Bitcoin will not be obligated to support or create ways for users to receive assets resulting from this event. Therefore, any losses in this regard are not the responsibility of Brasil Bitcoin.

Intellectual Property Rights

90. By agreeing to these Terms of Use, Brasil Bitcoin grants the User a limited, temporary, non-exclusive, non-transferable and revocable license to use the Platform only to the extent strictly necessary for the fulfillment of the obligations and exercise of the rights provided for in these Terms of Use. The User is prohibited from assigning, sublicensing, selling, donating, alienating, renting, distributing, transmitting or transferring their rights and obligations related to the Platform to third parties, in whole or in part, under any modality, for any reason whatsoever, as well as from creating digital or physical copies, modifying, adapting, translating, decompiling, disassembling or reverse engineering the Platform in a way that violates the rights of Brasil Bitcoin.

91. All rights relating to the Site and the Platform, including its functionalities, are the exclusive property of Brasil Bitcoin, including with respect to its texts, images, layouts, codes, databases, graphics, articles, videos, photographs, illustrations and other content produced directly or indirectly by Brasil Bitcoin (the “Content”). The Content is protected by copyright and industrial property law. It is prohibited to use, copy, reproduce, modify, translate, publish, transmit, distribute, perform, display, license, sell or exploit, for any purpose, the Content, without the prior consent of Brasil Bitcoin, in a way that violates its rights. The misuse of the Content or the trademarks presented on the Site is expressly prohibited.

92. Any use of the Content may only be made with the prior and express authorization of Brasil Bitcoin. The User assumes all civil and/or criminal liability for the improper and unauthorized use of the Content. No copying, distribution, reverse engineering, display or disclosure of the Services offered by the Platform shall be understood as a restriction or waiver of Brasil Bitcoin's rights over the Site and the Platform.

FINAL PROVISIONS

93. These Terms of Use may be changed at any time to reflect adjustments made. However, whenever any modification occurs, the User will be informed in advance through a prominent notice on the Site. In the case of significant changes, an email informing the User of the changes will be sent. If the User does not agree with the new Terms of Use, they may, at their sole discretion, reject them, but unfortunately this means that the User will no longer be able to access and use the Platform. If the User uses the Platform in any way, even after the Terms of Use have been changed, this means that they agree to all modifications.

94. These Terms of Use are governed by the laws of the Federative Republic of Brazil. Any questions or situations not foreseen in these Terms of Use will be resolved first by Brasil Bitcoin and, if they persist, must be resolved in the courts of the district of São Paulo, State of São Paulo.

95. Any questions or requests related to these Terms of Use or the Services offered by the Platform should be sent to Brasil Bitcoin via Chat Support available on the Website or by sending an email to [email protected].