Effective Date: 01-07-2025
Welcome to Bitswap. These Terms of Service (“Terms”) govern your access to and use of our website, services, and mining plans offered by Bitswap (“we”, “us”, or “Bitswap”). By registering for an account, purchasing a mining plan, or otherwise using our services, you agree to be bound by these Terms.
“User” or “you” means any individual or entity who registers, purchases a plan, or uses the services of Bitswap.
“Mining Plan” means a subscription or purchase of mining capacity (hashrate) offered by Bitswap, as described on our “Mining Plans” page.
“Maintenance Cost” means the daily fee (if any) charged by Bitswap for maintaining mining hardware, as disclosed in the specific plan.
“Return” means the daily earnings/coins or tokens paid to you for your purchased mining hashrate, net of any applicable maintenance or fees.
“Hardware” refers to the mining equipment used by Bitswap to deliver the mining service, as identified in each plan.
“Hashrate” is the mining power assigned to you under a Mining Plan, measured in the units specified in the plan (e.g., MH/s).
You must be at least 18 years old (or the age of majority in your jurisdiction) to use Bitswap services.
You must provide accurate, up-to-date registration information.
You are responsible for maintaining the confidentiality of your account credentials.
You agree to notify Bitswap immediately of any unauthorized use of your account.
You select a Mining Plan (e.g. BTSP Miner I, BTSP Miner II, USDT Miner I, etc.), pay the specified fee, and in return receive hashrate, daily returns, subject to maintenance costs and for the time period specified (e.g. 365 days).
All fees are due upfront unless otherwise specified.
Daily Return: Each plan has a stated “Return per day”. That represents what you will be credited daily, assuming everything runs normally.
Maintenance Cost: A maintenance cost (e.g. 1% per day) will be deducted from returns or otherwise accounted for, as described in the plan.
Bitswap reserves the right to adjust the maintenance cost under certain conditions (e.g. change in electricity cost, hardware wear) but will provide notice where required by applicable law.
The term for most mining plans is 365 days, unless otherwise specified.
Bitswap may terminate your Mining Plan early if you violate these Terms, or for other causes (e.g. hardware failure, force majeure). In such cases, your rights to returns may be reduced or terminated.
No Guarantee: While we aim to deliver the stated returns, actual mining performance may vary due to hardware failures, downtime, mining difficulty fluctuations, regulatory or market risk.
Cryptocurrency Risk: The value of cryptocurrencies (including BTSP and USDT if applicable) may fluctuate. Bitswap does not guarantee any specific exchange rate or value.
Regulatory Risk: Mining operations, cryptocurrency, or related services may be subject to changes in law or regulation. Bitswap is not responsible for any adverse effects arising from regulatory changes affecting Users.
You agree to comply with all applicable laws (local, state, national) relating to your use of cryptocurrencies, mining, and financial services.
You must not use Bitswap services for money laundering, fraud, or any unlawful purpose.
Payments for plans are non-refundable, except as required by law or specifically allowed by Bitswap.
Bitswap may suspend services or restrict access if payments fail or are reversed.
All content, logos, graphics, text, software, and other material on the Bitswap site are our property or licensed to us. You may not copy or use them without our permission (except as necessary for your use of the Service in accordance with these Terms).
To the maximum extent permitted by law, Bitswap will not be liable for indirect, special, incidental, or consequential damages, including lost profits, arising out of or in connection with these Terms.
Our total liability under or in relation to these Terms will not exceed the amount you paid for the Mining Plan in question.
Any dispute arising from or related to these Terms or your use of Bitswap services shall first be attempted to be resolved through negotiation.
If still unresolved, disputes may be resolved via binding arbitration or through courts of competent jurisdiction as specified by Bitswap in its legal jurisdiction.
These Terms are governed by the laws of Saint Lucia (or wherever Bitswap is legally domiciled).
Bitswap may modify these Terms from time to time. We will provide notice of material changes by posting on the site and/or by email. Your continued use after such notice constitutes your acceptance of the modified Terms.
If any provision of these Terms is found unenforceable, that provision will be limited or eliminated to the minimum extent necessary so that the rest of the Terms remain enforceable.
These Terms, along with any policies or notices posted on the site, constitute the entire agreement between you and Bitswap regarding the subject matter hereof.