Last Update September, 28th of 2019.
TERMS OF SERVICE
1.8 The authorization of the CNBV to carry out this activity is in process so it is not an activity supervised by the Mexican authorities.
2.1.2 Cryptocurrency: It is a representation of a decentralized digital value, which does not have a legal way or guarantee by the authorities, accepted by USERS who place their trust to make exchanges with other cryptocurrencies, transactions between USERS wallets, electronic payments, among other functions.
2.1.3 Wallet: It is a unique representation of a digital storage place where USERS store their cryptocurrencies.
2.1.4 User: Each person who has an active account in BITCUCO, having the right to use .
2.1.6 Transaction: It is any operation made with currencies or cryptocurrencies, in which the USER is involved, it can be transfer funds to his wallets or earn some amount of cryptocurrencies.
2.2 The use of our services is limited in the places where local laws allows the use of cryptocurrencies, its use is prohibited for residents of New York and Washington in the United States, Iran, Afghanistan, Democratic People’s Republic of Korea, Syria, Yemen, Bosnia-Herzegovina, Iraq, Ethiopia, Venezuela, Ecuador, Vanuatu, Laos, Uganda and any jurisdiction where the use of digital currency or cryptocurrencies is prohibited. BITCUCO disclaims all responsibility and this is committed to USERS who violate this prevision. BITCUCO has the right to cancel the accounts of the infringing USERS.
2.3 All users should have at least 18 years and must act on his own behalf and not of or for a third party. In case the USER does not allow to verify his identity, the service will be canceled for the USER.
2.5 The USER should guarantee to LOGICFEN the following:
2.5.1 Tell the truth about the USER personal information when registering or when requested.
2.5.2 Perform valid transactions, avoiding inaccurate information, or taking advantage of any malfunction, system error, failure, delay in the transaction, communications failure, code defect or security.
2.5.3 Do not falsify USER accounts or details of its registration.
2.5.4 Do not apply reverse engineering, decompile, disassemble or execute any software that not belongs to the site.
2.5.5 Attempt to harm LOGICFEN or BITCUCO in any way, through the site or its services.
2.5.6 Do not access through a private network, proxy, network, product, browser or any software that hides the real location or IP address of the USER, if it belongs to a prohibited jurisdiction or if you are a resident of the United States.
2.5.7 Do not use the service for illegal acts, such as money laundering, fraud, forgery, financing of terrorism, financing of drug trafficking, pornography, steals or any illegal activity. If you think to use our services for any illegal activity, or for any of the ones listed above, even if it is indirectly or through a third party, do not use BITCUCO and LOGICFEN services.
2.6 All cryptocurrencies carry risks of fraud, instability, change of technologies, bifurcations of the chain of blocks, local prohibitions, sudden drop in prices, disuse, among other factors that put the stability of cryptocurrencies at risk, the USER is the only responsible for using them and LOGICFEN is not responsible for these inherent risks of the use of cryptocurrencies. If the USER does not want to assume these risks, avoid the use of the services of BITCUCO.
2.7 Sometimes the system or the site may have system errors, due to technological, environmental factors, automatic maintenance, among other incidents, which may affect the service of BITCUCO. Due to BITCUCO has no control over these incidents, the service could present failures or temporary interruption. USERS who use BITCUCO are aware of these risks and that BITCUCO is not responsible for the damages resulting from the incident. You waive any right that you may have against BITCUCO for this concept. If you do not agree with the above, we invite you to stop using the service and the site.
2.8 All cryptocurrencies or virtual assets are not coins of legal tender or power of attorney in the United Mexican States and are not backed by the government or the Bank of Mexico. The USER knows and accepts that cryptocurrencies may cease to exist and consequently the market (s) involved with the cryptocurrency be closed. The USER renounces any action derived to this point and any other concept related to this point against LOGICFEN.
2.9 The USERS that violates local law with respect to operations in LOGICFEN and its product BITCUCO, as well as committing a crime, such as those listed in point 2.5.7, must renounce all funds in their wallets in favor of what is determined by the authorities, LOGICFEN disclaims all legal responsibility and the USER waives their rights as a USER. If the authority determines it, all the necessary information of the USER will be available to the authority, including transaction history and account information.
3.1 To comment, get prizes, as well the use of all BITCUCO services are available only to registered USERS, however visitors can access public parts of the site, such as market information and news.
3.2 Be truthful in the legal existence of the amounts to withdraw.
3.3 Understand that using cryptocurrencies may result in the partial or total loss of its value due to the volatility of the markets and the USER is the unique responsible for assuming this risk.
3.4 Use all services of BITCUCO in a normal and correct way, if you hack the system, or use any trick in any service of BITCUCO, your wallets will be canceled and your USER account suspended.
3.5 The USER performs all transactions voluntarily, not by coercion or forced by any person and in the full of their mental abilities.
3.6 No algorithm, procedure, commercial secret or internal operation of BITCUCO shall be revealed to the USER in any way, even when the USER claims against LOGICFEN.
3.7 High security standards are followed to guarantee quality and a secure environment to the USER, on his entry to the system and in the use of all LOGICFEN services, however the USER must take care of his credentials and passwords to avoid steals or faults within his account.
3.8 LOGICFEN is not responsible for the authentication of the USERS. The USER is the unique responsible in case of being a victim of phishing, steal passwords, fraud, share passwords with a third party, access by a third party or any type of carelessness on the part of the USER. LOGCFEN is not responsible for acts of a third party that affects the Internet service, the IT platform and BITCUCO site, apis offered by a third party, authentication forms of the USERS or any similar act, releasing to LOGICFEN of all responsibility. The USER waives any right that may correspond in this concept.
3.9 The USER is the unique responsible for any malfunction, steal of information or funds caused by the use of web platforms (including browsers), devices, operating systems, physical or virtual platforms, virtual machines or any third party software, even when the purpose is the use of the BITCUCO services. The USER understands that his web client must be secure before using BITCUCO and any LOGICFEN service.
3.10 The USER understands that any valid access for BITCUCO grants the freedom of use to the services of BITCUCO, including any operation of payment or transaction, therefore BITCUCO is not responsible for the steal of information, funds or any type of steal derived from a valid access. The USER is the unique responsible for all movements occurred through a valid access in his account.
3.11 If the USER detects that his account or credentials have been compromised, he should quickly notify on the contact page or send an email to email@example.com, and he is encouraged to change his password on the login page. If a third party is acting on his own, he must specify it and take the necessary measures to avoid compromising his account. LOGICFEN is not responsible for the damages caused by the negligence of the USER.
3.12 LOGICFEN has the right to suspend and cancel the accounts of the USERS that present suspicious activities, as well as devices that attempt to alter or damage the proper functioning of BITCUCO in any way.
3.13 Any USER who attempts to make transactions with non-existent or false data, falsifies or modifies the information of the wallets, falsifies or steals the information about the user accounts and any misuse (accidental or fraudulent) of the LOGICFEN products, produces the cancellation of the USER’s wallets and the closure of his service.
3.14 Any withdrawal that is made in the BITCUCO platform is sent only to the MYTAKIN wallets of the USERS, all the USERS of the platform agree with this point when using it, no withdrawal will be made to another wallet or wallet service by the USERS from BITCUCO, even when their wallets are personal. If you do not agree with 3.14, we invite you to stop using the BITCUCO platform.
LIMIT OF LIABILITY
4.1 LOGICFEN is not a bank or credit institution, therefore the resources circulating within the platform are deposited and used by the same USERS who trust in the services and platform of LOGICFEN and do not generate additional incomes, only the taxes that the local law sue, being the USER responsible for paying their own taxes if they exist. Neither the services are covered by any insurer.
4.2 LOGICFEN is not responsible for lost or diverted funds by the use of technologies or communications when depositing or transferring cryptocurrencies or money. The USER is the unique responsible for using the technologies that are convenient for him and must be sure that the technologies or software that he uses are safe and free of faults. The USER waives the right to claim any refund caused by the USER’s negligence.
INTELLECTUAL AND INDUSTRIAL PROPERTY RIGHTS
5.1 LOGICFEN reserves all rights over the ideas, codes, developments, methods, technologies, information, trade and industrial secrets, algorithms, protocols, communications, schemes, techniques, formulas, systems, software, documents, designs and parts, both logical and functional, which authorship is LOGICFEN or its USERS, are the property of LOGICFEN and LOGICFEN reserves all rights for the use and exploitation of these, both the patentable, not patentable, the protected by copyright, the protected by industrial property and the creations of LOGICFEN, giving the power to LOGICFEN to take any action necessary in case of any contingency with any person, physical or moral, to claim before the authority the property rights that tacitly belongs to LOGICFEN.
5.2 The site bitcu.co, as well as its components and associated services, are from the intellectual property of LOGICFEN. News, ads and other external features are open source and have the duly attribution. LOGICFEN has not any responsability of them.