BTCS Terms of Service

The last amendment date:2017-11-30 19:39:06

Please read the following terms and conditions in details (hereinafter known as “the Terms and Conditions”). By clicking “Set up Account” button, or visiting or using the platform and our services, you agree to comply with the Terms and Conditions as well as all supplemental Terms and Conditions. If you do not agree to accept the Terms and Conditions, please do not visit or use the platform and our services.

LCT reserve the right at any time to revise or amend contents of the Terms and Conditions, including but not limited to any related policy and standard.We will publish the revised Terms and Conditions in this website, and state “The last amendment date”at the top of the Terms and Conditions, or send it to the email address provided by users, or in any other ways determined by LCT. Any amendment announced in this website or announcement revised shall take effect immediately and shall continue to be effective. You may give up the right to receive such amendment notice. Your continuation in using this website represents your agreement to such amendments. If you do not agree to this clause, please stop using this website. You should from time to time review this clause to ensure you understanding of the Terms and Conditions applicable to your visit and using this website. If you have any questions when using this website, please contact us at [email protected]

This Terms and Conditions are applicable to your visit to our website or using the services provided by LCTech Corporation(hereinafter known as “LCT”or “the Company” or “We”)including but not limited to our website known as “BTCS Website” or “the Website”)and mobile application software as well as our trading platform services (collectively known as “the Services”).Signing of agreement related to other products provided by this Website shall not affect the validity of this clause. If you are representing another party using the Services, you shall declare (a) such party is a legal person complying with its domestic law, (b) you are authorized representative to accept this clause. If you are in breach of this clause, such party shall agree to be held responsible for your conduct.

I. 【Scope of Application】

The Services are applicable to users of 18 years old and above. Through visiting our websites or using the Services, you have declared that you are at least 18 years old, and have not been restricted to the right of using the Services. You guarantee that you are not on the list of any trade or economic sanction, for example, the sanction list of United Nations Security Council, and that you are not restricted or forbidden by any competent government body from using any trading platform. Besides, BTCS may not be able to provide the Services in all countries or regions, and may only provide partial services or no services at all to users in restricted regions, including Cuba, Iran, North Korea, Syria, Sudan, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Japan and United States of America. The contents of this agreement may not be excluded by the laws of user’s country or region. As such, if you cannot fulfill the above requirements, please do not use our Services.

II. 【Description of Our Services】

We provide an online exchange platform only for digital assets, i.e. trading of digital assets (or known as cryto coin or digital token or crytocurrency) via crytocurrency to crytocurrency mode and P2P mode. Traders effect transactions through our platform. LCT as a platform provider does not participate in actual trading. Before trading, trader must open an account and deposit digital assets into the the trading plateform beforehand. LCT do not accept legal currency and will not use legal currency for settlement. As such, we are only a trading platform for transactions among digital assets. Traders can request for withdrawal of digital assets anytime, provided the withdrawal complies with this Terms and Conditions.

LCT will endeavour to ensure the accuracy of information on its Website. The information and contents on the Website may be revised without advance notice, and such information and contents are only for assisting user to make independent decision. LCT have already taken reasonable actions to ensure accuracy of the information on the Website. However, we cannot guarantee the accuracy, applicability, reliability, completeness, functionality and/or suitability of service or product contents provided by the Website, and we are not liable to any losses or damages caused by data transmission delay or error. LCT do not have any responsibility for the use or interpretation of such information.

It is the user’s responsibility to make available the following equipment and pay the following expenses:

(1)Internet connection equipment,including but not limited to,computer or other internet connected terminal,router and other internet equipment.

(2)Internet expenses,including but not limited to,internet access fees,internet equipment rentals,mobile phone data fees etc.

When an user accepts various services provided by BTCS Website, the user also accepts various information services of BTCS Website. User hereby authorizes LCT to send business information to their email address, mobile phone and correspondence address etc. User has the right to refuse to receive various information services provided by BTCS Website by entering related page of BTCS Website to change the settings.

User understands and agrees that the Services of LCT are provided based on current technology and present achievable conditions. LCT shall endeavour to provide services to user and ensure its continuity and security. However, LCT cannot foresee and prevent legal, technical and other risks, including but not limited to, force majeure, computer virus, trojan horse, hacker attack, unstable system, third party service faults, government actions etc. These factors may cause suspension of services, loss of data and other losses or risks.

If the system of the platform under, but not limited to, the following circumstances, cannot function normally causing user unable to use various services or give instructions, LCT shall not be held liable to any loss or damages:

A.During system stoppage and overhaul period announced in LCT platform notices;

B.Malfunction of telecommunication equipment causing data transmission failure;

C.Force majeure events such as typhoon, earthquake, tsunami, flooding, electricity outage, war, terror attack etc. causing LCT platform system unable to operate its business;

D.Due to hacker attacks, computer virus intrusion or execution, telecommunications sector technology adjustment or technical failure, website upgrade, the banks'problem, a temporary closuree due to government control, which may cause the network and the service's suspension or delay;

E.Losses due to technical problems that cannot be predicted or solved by the existing technical forces of the industry;

F.Loss and damages to users or other third parties caused by third party's fault or delay.

For abnormal transactions, market interruption and other abnormal conditions caused by system failure, network failure, DDos and other hacker attacks and other unexpected factors, LCT has the right to cancel the abnormal transaction results, and rollback all the transactions of a certain period of time.

Fees may be incurred for part of the Services provided by LCT to its users. You shall comply with relevant agreements while using such services. LCT may change the fee models and structures of such services as the case may be. LCT may also start charging fees on free services. We shall release an announcement or put up a notice on respective web page before the above mentioned changes and modifications are made and before starting to charge. You shall stop using the service if you disagree on the above mentioned changes, modifications or paid content.

LCT shall not ask for any password from its users, nor shall we ask users to transmit any funds, bitcoins and litecoins to bank accounts, bitcoin and litecoin addresses that are not listed on the trading platform. Please do not trust any discount or promotion related information. LCT shall not be responsible for any loss caused by transmitting funds, bitcoins and litecoins to bank accounts, bitcoin and litecoin addresses that are not listed on the trading platform.

Transaction Abnormity Handling:

While using the Services, you agree and acknowledge the possibility of discontinuity and disruption of the Services due to connectivity problems of the digital asset networks or other force majeure events. Users shall make sure only correct information is provided. BTCS do not assume any responsibility of any losses caused by the above mentioned situations due to users providing incorrect information that results in the inability for LCT to reach out to its users to inform the handling procedures related to transactions effected.

You agree, in accordance with operational and security needs, LCT may suspend or restrict part of the Services, or start providing additional services. By continuing to use the Services, after any change, addition and deduction of the Service, you continue to agree to the Terms and any other Terms added subsequently.

LCT has the right to know the real transaction background and purpose of the users who use the product or service of LCT, users should provide real, comprehensive, accurate information required by LCT; if LCT have reasonable grounds to suspect that the user has provided false trading information, BTCS has the right to restrict the user from the use of LCT's some or all products and services functions temporarily or permanently.


Trading of digital assets involves significant risk. The risk of loss in trading or holding digital assets can be substantial. You should therefore carefully consider whether trading in digital assets or any of their leveraged products or derivatives of digital assets is suitable for you in light of your financial condition.

1.LCT believe that digital assets should not be called as money nor fiat currency, as they are NOT backed by any government or central bank. There is no assurance that the LCT trading market for digital assets will be orderly and stable. You should exercise prudence in trading in digital assets (as well as any other assets). Prices can and do fluctuate on any given moment. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any digital asset or trading position may be subject to large swings in value and may even become worthless.

2.The user of the Services shall bear any loss resulting from the user or user's transaction instruction errors (including but not limited to price, quantity and other factors).

3.The user shall bear any loss resulted in his/her own fault or error, including but not limited to, operating not in accordance with the transaction reminders, out of time trading operations, forgetting or leakage of passwords, passwords being cracked, and/or the user's computer being attacked by others.

4.In the event of certain not yet discovered potential loophole in the trading rules that unjustly enriches the user, we will contact the user to recover the gains. The user must effectively cooperate, otherwise, we will take actions, including but not limited to restricting account transactions, freezing account funds, taking legal actions against the user in a court with right of jurisdiction and other recourse measures. In the event the user does not cooperate, the user will also bear recourse costs.


In order to use any of the Services, you must first register by providing your name, e-mail and password, along with affirming this Terms of Service. You agree to not allowing anyone to use or direct your account, and to update LCT of any information change or if your account has been compromised. You are responsible for keeping, protecting and safeguarding any keys, certificates, passwords, access codes, user IDs or other credentials and login information (collectively "Passwords") that have been provided to you or that are generated in connection with your use of the Services. If you lose your Passwords, you may not be able to access your account. You agree to notify LCT immediately of any unauthorized use of your Passwords. LCT will not be responsible for any liabilities, losses, or damages arising out of the unauthorized use of your Passwords. Due to LCT’s nature as an online trading platform, and to avoid potential security risks, the login password, administration password and any other passwords such as SMS or Google passwords shall not be set as the same. Otherwise, there will be security risks, and relevant responsibilities shall be borne by the users.

The user has the right to choose whether to become the BTCS Website's users. If users choose to become BTCS Website registered users, they can create, modify their nicknames. Usernames and nicknames shall abide by relevant laws and regulations and also in accordance with the internet morality. Usernames and nicknames cannot contain any words which related to insults, threats, obscene, abuse and other violations of the legitimate rights and interests of others. Once the user is registered, and become the user of BTCS Website, he or she will get the username (user mailbox) and password, and is responsible for all activities and events with this username and password after entering the system, and bear all the legal liability directly or indirectly caused by the language and behavior of the use of this username.

Users who lost their passwords can reset it after being verified through their registered email addresses or phone numbers. You shall immediately report to LCT if any unauthorized operations or security breaches are found.


We grant you a limited, nonexclusive, nontransferable license, subject to these Terms, to access and use the BTCS Website and Services, solely for approved purposes as permitted by LCT. You agree you will not copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale of, create derivative works from, or in any other way exploit any of the BTCS Website’s content.

You Agree That:

1.All right, title and interest in the Services and associated software, website and technology, including all intellectual property rights therein, are and shall remain with LCT;

2.No right or interest in the Services is conveyed other than the limited licenses granted herein;

3.The Services are protected by the copyright and other intellectual property laws. All rights not expressly granted in these Terms are reserved.

4.This website has the right to inquire, freeze or deduct the items and accounts of the user according to the requirements of any applicable judicial organizations, administrative organizations and military bodies, including but not limited to public security organizations, procuratorate bodies, courts, customs, tax authorities and so on.

5.Users have the right, in according to the relevant provisions of the site, after the release of information and other contributions, to obtain BTCS Website’s reward;

6.The user has the right to modify the individual account and the information, choose his/her own nickname and enter the introductory text, and decide whether to provide non-mandatory items of content;

7.Users have the right to participate in BTCS Website’s online and offline activities;

8.Users have the right to enjoy BTCS Website’s other types of services according to BTCS Website requirements.

9.If you disagree or are unsatisfied on the changes of the Services, you shall exercise the rights below:

(1)Stop using the Services;

(2)Request termination of the Services BTCS Website provided to you through customer support or other channels. After termination, your right to use the Services shall be terminated. Under such circumstances, LCT is no longer obligated to deliver any unprocessed information or unfinished services to its users or any other unrelated third parties.


1.User shall not use BTCS Website to endanger national security or disclose state secrets. User shall not violate the legitimate rights and interests of national community and citizens, and shall not use this site to produce, copy and disseminate the following information:

(1)Inciting to resist, undermine the implementation of constitution, laws and administrative regulations of any country;

(2)Inciting subversion of state power and overthrowing the socialist/capitalist system of any country;

(3)Inciting to split any country and undermine any national unity;

(4)inciting racial hatred, racial discrimination, destruction of unity among ethnic groups;

(5)Fabricating or distorting facts, spreading rumors and disrupting social order;

(6)Promoting feudal superstition, obscenity, pornography, gambling, violence, murder, terror, abetting criminal activities;

(7)Blatantly insulting others or fabricating facts to slander others, or carry out other malicious attacks;

(8)Damage the credibility of any state organizations;

(9)In any other ways violating constitutional and legal administrative regulations of any country;

(10)Conducting commercial advertising behavior.

2.User shall not by any means maliciously register BTCS Website account, including but not limited to profit-making, speculation, cashing out, obtaining award and so on through multiple accounts registration. Users shall not misappropriate other user’s accounts.

If any user violates the above requirements, BTCS Website has the right to take all necessary direct measures, including but not limited to, deleting the content posted by the user, canceling the customer's star rating, honor and virtual wealth, pausing or seizing the user's account, illegal gains, and even taking legal actions to claim the user's legal liability.

3.Users are prohibited from in any form utilizing BTCS Website as the place, platform or media to engage any illegal activities. Without the authorization or permission of the BTCS Website, the User shall not conduct any commercial activities in the name of this site or in any form of the BTCS Website as a place, platform or medium for engaging in commercial activities.

4.All information released in all forms by the user in BTCS Website should comply with national laws and regulations and other relevant provisions of the site, which should be in line with social order and decency, not infringing the legitimate rights and interests of any third party. Otherwise, the user shall bear the responsibility of all legal consequences by themselves. If LCT as a result suffers losses, LCT has the right to recover such losses from the user.


1.The company have the right to determine appropriate rules and set user service charges. LCT has the right to formulate and adjust the service fee, and set specific service charges to the user for using BTCS Website services.

2.Unless otherwise stated or agreed, the user agrees that the LCT network has the right to deduct the above-mentioned services directly from the assets of the user account.


1.LCT may change the service content and may also discontinue, suspend or terminate the Services.

2.At the time of transfer, LCT may transfer the relevant assets under this Services to a third party; LCT may also transfer part or all of the Services under this agreement to a third party to operate or implement after our unilateral notice to user. The designated transferee shall be stated in BTCS Website’s notice.

3.In any of the following circumstances, LCT reserves the right to discontinue or terminate the Services provided to you without notice:

(1)If the personal information you have provided is not true, or inconsistent with the information at the time of registration and failed to provide reasonable proof , while according to the laws or regulations you should submit true information;

(2)If you violate relevant laws and regulations or terms of this agreement;

(3)If required by any provisions of the laws and regulations, or at the request of competent government authorities; and/or

(4)If for security reasons or other necessary circumstances.

4.LCT has the right to charge any fees or outstanding due in accordance with this agreement. If you do not pay in full and on time, LCT reserves the right to discontinue, suspend or terminate the service.

5.You may close your account at any time. You will still be liable to fulfill your responsibilities on any pending transactions. In addition, you are liable to LCT for any fees incurred before the closure. LCT may also terminate your account at any time and at our sole discretion, upon notice to you by email or other communication means. LCT may also suspend your access to the Services if it suspects that you have failed to comply with these Terms, conducted fraud or poseed unacceptable regulatory risk to LCT, or if you provide any false, incomplete, inaccurate or misleading information. LCT will not be liable to you for any losses incurred in connection with LCT's closure or suspension of your account.

6.You agree, to safeguard the security of your account and the digital assets therein, LCT reserves the rights to freeze part or all of your assets (or in other words, to restrict you from accessing part or all of the Services) under the circumstances that LCT determine your account is exposed to potential risks according to these Terms, laws, regulations, legal instruments, government requests dependent on administrative functions and powers and other conditions as LCT thinks fit.The reverse process is called “Unfreeze”, which means LCT stops freezing the frozen account. LCT reserve the right to determine whether to unfreeze partially or wholly when users request to unfreeze. You shall fully understand the request to unfreeze account may not be necessarily accepted, and before unfreezing the account, you shall cooperate with us on identity verification or other relevant requirements, and provide, including but not limited to, identity information, identity card, passport, other valid identity documents and other documents or information required by us.


It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the Services, and to withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. Additionally, you agree to comply with all relevant local laws of your jurisdiction. LCT’s business activity does not fall within the definition of an international financial service under the [ BVI 114 Act] and as such does not require a license given that LCT’s customers cannot use (nor bring in) any fiat currency to purchase/trade bitcoin or any other digital assets nor can they sell or cash in their bitcoin or any other digital assets for any fiat currency on our platform. Regarding the prevention of terrorist financing and anti-money laundering (AML), while LCT is not a “Reporting Entity” under the First Schedule of the [ BVI 114 Act] , LCT discretionarily undertakes due diligence to prevent money laundering and terrorism financing and will work with local authorities. When using our Services, you acknowledge that your actions are in a legal and proper manner and your sources of digital assets are not from illegal activities. LCT may discretionarily or in coordination with local law enforcement authorities seize, restrict or close-out your account and digital assets.


LCT respects the privacy of its users. The LCT Privacy Policy, available separately, describes how LCT collects, stores, discloses and uses information that pertains to Your privacy. You consent to LCT’s use of your information under the terms of the LCT’s Privacy Policy.

LCT’s users’ information in these Terms means information that is in compliance with laws and regulations and conforms to the following scopes:

(1)Information provided to LCT by users during account creation.

(2)Automatically recorded information (including but not limited to IP address, cookies, browsing history, etc.) while users accessing the Services through website and mobile apps.

(3)Information legally acquired from business partners.

(4)Information acquired through other legal channels.

LCT undertakes that:

we will not disclose any name, password, phone number and other information to any third party without acquiring user’s permission beforehand or legal causes. Under the following circumstances, user information will be partly or wholly disclosed:

(1)With User’s consent, information will be disclosed to user or other third party.

(2)Required by administrative and judicial authorities, and other third parties as prescribed by law, or according to laws and regulations;

(3)Other disclosure according to laws and regulations.


You shall indemnify LCT and our agents (if any), employees, officers, directors, affiliates, subsidiaries and successors, and hold them harmless from and against all third-party claims except those resulting solely from LCT’s breach of these Terms. Similarly, LCT shall indemnify and hold you and your agents, employees, officers, directors, affiliates, subsidiaries and successors harmless from and against all third-party claims except those resulting solely from your breach of these Terms.


1.BTCS Website, as a third party platform for “Internet Service Provider”does not guarantee the information and services provided in this the site platform can fully meet the needs of users. BTCS Website shall not be liable for errors, insults, defamation, nonfeasance, obscenity, pornography, or blasphemy that may occur during your receiving BTCS Website service.

2.Due to the special nature of the Internet, BTCS Website does not guarantee interrupted services, timeliness of the service and security. BTCS Website does not assume any responsibility which is not caused by itself.BTCS Website endeavours to provide a safe network environment to the users, however, BTCS Website does not guarantee that the site or its servers are free from viruses or other potentially harmful factors; therefore, the user should use the industry's recognized software to detect and remove any virus in the files downloaded from BTCS Website.

3.BTCS Website is not responsible for the failure of preservation, modification, deletion or storage of the information released by the user. Nor will BTCS Website be liable for the typographical errors, negligence, etc. not intentionally caused by BTCS Website.BTCS Website has the right but no obligation to improve or correct any omission, error of any part of this site.

4.Unless BTCS Website expressly agree in writing, BTCS Website shall not guarantee the accuracy, completeness, reliability of any content, such as, but not limited to, advertising from BTCS Website in any manner (including but not limited to, containing, connecting, by way of, or downloading) from the Site; BTCS Website is not responsible for any products, services, information or materials purchased or obtained by the user according to the content information on this website. The user bears the risk of using the content of this website.

5.The user comments published by users in BTCS Website, only represent the user's personal point of view. It does not mean that this site agrees with their views or confirm their description. This site does not bear any legal responsibility caused by any user comments.

6.LCT has the right to delete all types of information which does not meet the requirements of the laws or agreement, and LCT retains the right not to inform the user.

7.In regards to notices issued to the users, LCT will deliver these notices through a formal page announcement, station letter, e-mail, customer service phone call, SMS or regular mail delivery. BTCS Website does not bear any legal responsibility for any award winning, discount activities or information which are delivered not by above formal channels.

8.LCT has the right to adjust the charges for deposit, withdrawal/cash out, transaction and other fees according to market conditions, and also have the right to decide termination of free of charge promotional period.


These Terms and your use of the Services will be governed by and construed in accordance with the laws of BVI, without resort to its conflict of law provisions. You agree that any action at law or in equity pursued by you and arising out of or relating to these Terms not subject to arbitration (as set forth below) will be filed only in BVI and you hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts over any suit, action or proceeding arising out of these Terms.


You and LCT agree to arbitrate any dispute arising from these Terms or relating to the Services, except that you and LCT are not required to arbitrate any dispute in which either party seeks equitable or other relief for the alleged unlawful use of copyrights, trademarks, trade names, logos, trade secrets or patents. ARBITRATION PREVENTS YOU FROM SUING IN COURT OR FROM HAVING A JURY TRIAL. You and LCT agree that you will notify each other of any dispute within thirty 30 days of when it arises, that you will attempt informal resolution prior to any demand for arbitration, that any arbitration will occur in BVI and that arbitration will be conducted confidentially by a single arbitrator. You and LCT also agree that the courts in BVI have exclusive jurisdiction over any appeals of an arbitration award and over any suit between the parties not subject to arbitration. In any arbitration, the parties will not seek discovery from each other, and the arbitrator shall not allow parties to engage in discovery; rather, each party shall disclose the evidence supporting their positions at some mutually agreeable time and date prior to the final hearing. Other than class procedures and remedies discussed below, the arbitrator has the authority to grant any remedy that would otherwise be available in court. Neither you nor we will participate in a class action or class-wide arbitration for any claims covered by these Terms. You also agree not to participate in claims brought in by a private attorney general or representative capacity, or consolidated claims involving another person, if LCT is a party to the proceeding. If the prohibition against class actions and other claims brought on behalf of third parties contained above is found to be unenforceable, then that language shall be deemed to have been dropped from these Terms and the remaining obligations relating to arbitration shall continue in full force and effect.


If any provision of this Agreement is deemed to be unlawful, invalid or unenforceable for any reason, such provision shall be deemed to be divisible and shall not affect the legal effect of any other provision.


If you have any complaints,feedback or questions,please contact our Customer Service at [email protected] When you contact us please provide us with your name and email address and any other information we may need to identify you, and the transaction on which you have feedback, questions, or complaints.


These Terms set forth the complete understanding of the parties with respect to the subject matter hereof and supersedes all prior understandings and communications relating thereto. No term or condition of any other document provided to LCT which is different from, inconsistent with, or in addition to the terms and conditions set forth herein will be binding upon LCT. You represent and warrant that all information disclosed to LCT in connection with these Terms are true, accurate and complete.

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