1. Overview
1.1 OKX P2P (Peer-to-Peer/C2C) trading services ("the Service") are provided by Aux Cayes FinTech Co. Ltd. ("OKX") to facilitate digital asset transactions between users on the OKX platform under specified terms. This Service is managed by OKX for product design and operations. To use the Service, you must read and agree to this P2P User Agreement ("the Agreement").
1.2 By accepting this Agreement or using the Service, you confirm that you have read, understood, and agreed to all terms, which are legally binding.
1.3 This Agreement supplements OKX’s general Terms of Service. In case of conflict, this Agreement prevails unless explicitly stated otherwise.
2. Definitions
| Term | Definition |
|---|---|
| Service | Facilitates digital asset trading between users on OKX’s platform. |
| Merchant | User posting ads to buy/sell digital assets. |
| Buyer/Seller | User purchasing/selling digital assets via the Service. |
| Order | Binding transaction agreement based on ad terms. |
| Payment Window | Timeframe for fiat transfer completion set by the merchant. |
3. Eligibility
3.1 You confirm:
- You meet OKX’s Terms of Service requirements.
- If registering as an individual, you are ≥18 years old with full legal capacity.
- Digital assets in your OKX account are legally owned.
3.2 Prohibited activities include:
- Illegal purposes (e.g., gambling, money laundering).
- Market manipulation or fraudulent transactions.
3.3 Risks:
- High volatility may lead to significant losses.
- Technical delays could affect transactions.
4. Using the Service
4.1 Transactions:
- Buyers must transfer fiat within the payment window after placing an order.
- Sellers must verify payment before releasing digital assets.
4.2 Fees:
- OKX may charge service fees; payment providers may impose transfer fees.
4.3 Disputes:
- OKX acts as a neutral platform but may assist in dispute resolution.
4.4 Third-Party Content:
- Links to external services are not endorsed by OKX.
5. Account Suspension
OKX may suspend/cancel access if:
- Fraudulent activity is detected.
- Legal compliance requires it (e.g., court orders).
6. Liability
6.1 OKX is not liable for:
- Delays due to technical/maintenance issues.
- Losses from market volatility or third-party actions.
6.2 Users indemnify OKX against claims arising from:
- Breach of this Agreement.
- Unauthorized account use.
7. Technical Disclaimer
7.1 Maintenance may cause temporary service interruptions.
7.2 OKX does not guarantee platform content accuracy.
8. Enforcement
OKX may:
- Close accounts involved in market manipulation.
- Restrict transactions violating terms.
9. Miscellaneous
9.1 Updates: OKX may revise terms without prior notice. Continued use constitutes acceptance.
9.2 Governing Law: Disputes resolved under English law via arbitration in Hong Kong.
FAQ
Q: How long do fiat transfers take?
A: Processing times vary by currency; check the asset page for details.
Q: What if a dispute arises?
A: OKX may mediate, but resolution isn’t guaranteed.
Q: Are third-party payment fees included?
A: Buyers typically cover transfer fees unless sellers agree otherwise.
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This Agreement was last updated on May 3, 2023.