Terms & Conditions


Last update: September 28, 2017

These Terms of Use constitute an electronic agreement between you (hereinafter the “User”) and listerexchange.com that applies to your use of this website, all services, products and content provided by listerexchange.com.

As used herein, “listerexchange.com” refers to the company listerexchange.com, including but not limited to, its owners, directors, investors, employees or other related parties.

These Terms of Use is an important document, which the User must consider carefully when choosing whether to visit the Site and to use services, products and content of listerexchange.com. Please read these Terms of Use carefully before agreeing to them.

The User is solely responsible for understanding and complying with any and all laws, rules and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of all services, products and content of listerexchange.com.

By accepting these Terms of Use, you agree with and accept all policies published on this website.

IF YOU DO NOT ACCEPT THESE TERMS OF USE, DO NOT ACCESS THIS SITE AND DO NOT USE ANY OF LISTEREXCHANGE.COM’S SERVICES, PRODUCTS AND CONTENT.

1. DEFINITIONS

1.1. Capitalized terms used in these Terms of Use shall be interpreted in accordance with the definitions provided below:

1.1.1. Account: means an account registered by the User on the listerexchange.com Platform.

1.1.2. Buyer: means the User who submits an Order to buy LTCC via Cryptocurrency through the Platform.

1.1.3. Commission: means a fee charged by or on behalf of any third party (e.g. payment service provider, etc).

1.1.4. Cryptocurrency: means peer-to-peer decentralized digital representation of value (e.g. bitcoin, ltcc.).

1.1.5. Deposit: means a Transaction involving a transfer of Funds to the Account.

1.1.6. Funds: means Cryptocurrency.

1.1.7. Order: means a User’s instruction to buy or sell LTCC on certain conditions.

1.1.8. Platform: means an environment created by listerexchange.com that allows to trade BTC/LTCC.

1.1.9. Seller: means the User who submits an Order to sell LTCC via cryptocurrency through the Platform.

1.1.10. Services: mean all and any service provided by listerexchange.com.

1.1.11. Site: means listerexchange.com website at https://listerexchange.com/ .

1.1.12. Transaction fee: means a fee which is payable to listerexchange.com for each completed Transaction.

1.1.13. Transaction Price: means the total price paid by the Buyer in respect to each Transaction performed via the Service.

1.1.14. Transaction: means (i) transfer of Cryptocurrencies by the User to his/her Account (“Deposit Transaction”); (ii) transfer of Cryptocurrencies, among the Users (“Trading Transaction”), (iii) withdrawal of Cryptocurrencies from his/her Account (“Withdrawal Transaction”).

1.1.15. User: means a person or an entity, who uses the Services, agreed to the Terms of Use and is a holder of an Account.

1.1.16. Withdrawal: means a Transaction involving a transfer of Funds from the User’s Account to his/her cryptocurrencies account.

1.2. Where the context so admits words denoting the singular shall include the plural and vice versa.

2. SCOPE OF THE SERVICES

2.1. The Services allow all Users of the Platform to trade Cryptocurrencies with other Users.

2.2. Depending on the User’s place of residence, the User may not be able to use all the functions of the Site. It is the User’s responsibility to follow those rules and laws in his/her place of residence and/or place from which the User accesses this Site.

2.3. The User acknowledges and agrees that, when completing Trading Transactions, he/she is trading with other Users, and that listerexchange.com acts only as an intermediary in such Transactions, not as counterparty to any trade.

3. USER’S RIGHTS AND RESPONSIBILITIES

3.1. The User has the right to enter and use the Site and the Services, as long as he/she agrees to and actually complies with the Terms of Use. By using the Site, the User agrees to accept and comply with the terms and conditions stated herein.

3.2. The User undertakes to read the entire Terms of Use carefully before using the Site or any of the services provided by listerexchange.com.

3.3. The User undertakes to comply with any and all applicable laws and regulations related to the use of the Services.

3.4. The User undertakes to monitor all and any changes on his/her Account, including but not limited to the balance matters.

3.5. The User undertakes to immediately (i.e. right after the moment of discovery) inform listerexchange.com about any unusual, suspicious, unclear or abnormal changes on his/her Account. In case of late informing or non-informing the User will be liable for the breach of the Terms of Use and listerexchange.com will have the right to take any further steps accordingly, including but not limited to report to the relevant state authorities.

3.6. The User agrees that, whenever the Transaction is made, the Platform sends and receives the monetary sums and/or cryptocurrencies to/from the Buyer’s and the Seller’s Accounts opened in their name and on their behalf.

3.7. The User undertakes to notify listerexchange.com immediately of any unauthorized use of his/her Account or password, or any other breach of security by email addressed to support@ listerexchange.com. Any User who violates the mentioned rules may be terminated, and thereafter held liable for losses incurred by listerexchange.com or any user of the Site.

3.8. The User undertakes not to use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking.

3.9. Users are solely responsible for determining whether any contemplated Transaction is appropriate for them based on their personal goals, financial status and risk willingness.

4. USER’S REPRESENTATIONS AND WARRANTIES

4.1. By registering an Account, User expressly represents and warrants that he/she:

  • follows the rules and laws in his/her country of residence and/or country from which he /she accesses this Site and Services.
  • has accepted these Terms of Use.
  • is at least 18 years of age and has the right to accept these Terms of Use and participate in transactions involving cryptocurrencies.

4.2. The User represents and warrants that he will only use the Platform to perform Transactions in accordance with the conditions set forth in these Terms and that they are duly authorized and have the capacity to enter into the Transactions on the Platform.

4.3. The User represents and warrants that cryptocurrency deposited to the Account belong to the User and derived from legal sources.

4.4. The User represents and warrants than he/she will withdraw any cryprocurrency from his/her Account only to his/her wallets, otherwise listerexchange.com does not hold any liability for the consequences of such withdrawal.

4.5. The User represents and warrants that all Transactions being carried out do not violate the rights of any third party or applicable laws.

5. LISTEREXCHANGE.COM 'S RIGHTS AND RESPONSIBILITIES

5.1. listerexchange.com has the right to suspend User’s Account and block all Cryptocurrency contained therein, in case of non-fulfillment or unduly fulfillment of the Terms of Use by the User.

5.2. listerexchange.com undertakes to provide Services with the utmost effort, due care and in accordance with these Terms of Use.

5.3. listerexchange.com’s responsibility shall be limited to using reasonable technical efforts to ensure the receipt of the cryptocurrency transferred. When initiating cryptocurrency transactions to a user who is not the listerexchange.com User, listerexchange.com responsibility shall be further limited to ensuring the transfer of the necessary technical data to the cryptocurrency network.

5.4. To the extent permitted by law, listerexchange.com is not responsible for any damages, loss of profit, loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss unless the loss suffered is caused by a breach of the Terms of Use by listerexchange.com.

5.5. listerexchange.com is not responsible for any malfunction, breakdown, delay or interruption of the Internet connection, or any reason why our site is unavailable at any given time.

5.6. In the case of fraud, listerexchange.com undertakes to report all the necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law. Users recognize that their account may be frozen at any time at the request of any competent authority investigating a fraud or any other illegal activity.

5.7. Nothing in these terms excludes or limits the responsibility of listerexchange.com for fraud, death or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not be limited or excluded by law.

6. LISTEREXCHANGE.COM REPRESENTATIONS AND WARRANTIES

6.1. listerexchange.com shall provide the Services with reasonable care and skill and in accordance with these Terms of Use.

6.2. All buy and sell orders made on the Platform, will be managed in an anonymous manner so that Buyers and Sellers are not acquainted with each other. The Transaction Price is calculated on the basis of actual matched orders made by Buyers and Sellers participating in the bidding process on the Platform combined with the applicable Transaction fees.

6.3. listerexchange.com represents and warrants that once the orders to buy or sell Cryptocurrencies match, such orders may not be cancelled or reversed. It holds all Cryptocurrencies transferred and acquired by each User in his/her Account and on the respective User's behalf.

7. TRANSACTIONS

7.1. The Platform allows the User to submit Orders to purchase or sell Cryptocurrencies.

7.2. The User recognizes that an Order should only be submitted after careful consideration and the User understands and accepts consequences of its execution. The User agrees that as soon as the Order is executed, such transaction is irreversible and may not be cancelled. Transactions will be executed instantly upon the matching of the Buyer's and the Seller's Orders, without prior notice to the Seller and the Buyer, and will be considered to have taken place at the execution date and time.

7.3. Minimum and maximum order amount vary for each trading pair, and can be seen on the Trade Page when placing an Order.

7.4. The User acknowledges and agrees that the User acknowledges and agrees that depositing and withdrawing Cryptocurrencies into/from his/her Account may take between one (1) hour and twenty-four (24) hours, barring unforeseen or unavoidable network issues.

7.5 In case if the User discovers transaction activity, including but not limited to unknown deposits and withdrawals, on his/her Account that was not initiated by the User, the User shall immediately notify listerexchange.com of this fact and follow the instructions sent by listerexchange.com. Otherwise, listerexchange.com reserves the right to freeze the Account until the end of investigation.

7.6 listerexchange.com may be forced to cancel or recall already executed Withdrawal Transaction at a request of financial institutions, which are involved in settlement of such Transactions. In such cases the User obliges to cooperate with listerexchange.com in order to discover the reasons for such request.

8. TRANSACTION FEE

8.1. The User agrees to pay listerexchange.com the Transaction fee for each completed Transaction.

8.2. Prior to trading, the User must consider Transaction fee rates published on the Fee Schedule page. However, listerexchange.com reserves the right to change Transaction fee rates from time to time publishing updates on the Fee Schedule page.

8.3. Transaction fee amount is automatically charged off in the currency indicated after symbol “/” in the trading pair after the relevant Transaction. Thus, for BTC/LTCC, the fee charged in USD.

8.4. For specific type of orders, the Transaction fee may differ from those published on the 'Fee Schedule' page. Transaction fee rate shall be disclosed before the order execution.

8.5. The Transaction fee, other charges, as well as the charge procedure can be changed/reviewed unilaterally by listerexchange.com from time to time and such changes shall become effective the moment they are posted on the Site.

9. ILLEGAL TRANSACTIONS

9.1. listerexchange.com reserves the right to suspend or terminate your listerexchange.com Account at any time if we reasonably believe to be required to do so by the law or in order to comply with recommendations issued by a relevant government authority or recognized body for the prevention of financial crime.

9.2. It is strictly forbidden to use the Account for any illegal purposes. listerexchange.com will report any suspicious activity to the relevant law enforcement.

9.3. The User shall ensure that it does not use the Services for transactions relating to:

  • money laundering, terrorist financing, proliferation of weapons of mass destruction.
  • human trafficking.
  • any goods or services that are illegal or the promotion, offer, or marketing of which is illegal or that are offered in connection with illegal, obscene or pornographic content, depict children or minors in sexual postures, or depict means of propaganda or signs of unconstitutional organizations glorifying war or violating human dignity.
  • any goods or services, the promotion, offer, or marketing of which would violate copyrights, industrial property, rights or other rights of any person.
  • archeological findings.
  • drugs, narcotics, or hallucinogens.
  • weapons of any kind.
  • illegal gambling services.
  • goods that are subject to any trade embargo
  • media that is harmful to minors and violates laws and, in particular, the provision is respect of the protection of minors.
  • body parts or human remains.
  • protected animals or protected plants.
  • weapons or explosive materials or any other illegal goods, services or transactions.

10. ACCOUNT SECURITY

10.1. The User is responsible for maintaining the confidentiality of his/her Account’s credentials, including, but not limited to a password, email, wallet address, balance, and of all activity including Transactions made through the Account.

10.2. listerexchange.com personnel will never ask the User to disclose his/her password. Any message the User receives or website that he/she visits that asks for the password, other than the listerexchange.com Site, should be reported to listerexchange.com. If the User is in doubt whether a website is genuine, it is required to ensure the website is SSL compliant (Security Certificate Validation is shown in the address bar of a web browser).

10.3. It is advisable to change the User’s password regularly (at least every three (3) to six (6) months) in order to reduce the risk of a security breach in relation to the Account. listerexchange.com also advises the User not to choose a password that is easily guessed from information someone might know or gather about the User or a password that has a meaning. The User must never allow anyone to access his/her Account or watch the User accessing his/her Account.

10.4. If the User has any security concerns about his/her Account, login details, password or other security feature being lost, stolen, misappropriated, used without authorization or otherwise compromised, the User is advised to change the password. The User must contact Support Service without undue delay on becoming aware of any loss, theft, misappropriation or unauthorized use of the Account, login details, password or other security features. Any undue delay in notifying listerexchange.com may not only affect the security of the Account, but may result in the User being liable for any losses as a result. If the User suspects that someone else accessed his/her Account, the User should also contact an appropriate government agency and report the incident.

10.5. The User must take reasonable care to ensure that his/her e-mail account(s) are secure and only accessed by the User, as his/her e-mail address may be used to reset passwords or to communicate with the User about the security of the Account. Listerexchange.com cannot be liable for the breach of an e-mail account resulting an unauthorized Transaction to be executed with proper confirmation. In case any of the e-mail addresses registered with the User’s Accounts are compromised, the User should without undue delay after becoming aware of this contact Support Service and also contact his/her e-mail service provider.

10.6. Irrespective of whether the User is using a public, a shared or his/her own computer to access the Account, the User must always ensure that his/her login details are not stored by the browser or cached or otherwise recorded. The User should never use any functionality that allows login details or passwords to be stored by the computer he/she is using.

10.7. Additional products or services the User uses may have additional security requirements and the User must familiarize with those as notified to him/her.

10.8. Two-factor authentication or OTP must be enabled in order to make any Withdrawal Transactions.

11. TERMINATION OF THE TERMS OF USE

11.1. The User may terminate the Terms of Use, and close his Account at any time, following settlement of any pending transactions.

11.2. The User also agrees that listerexchange.com may, by giving notice, at its sole discretion terminate his/her access to the Site and to his/her Account, including without limitation, our right to: limit, suspend or terminate the service and Users' Accounts, prohibit access to the Site and its content, services and tools, delay or remove hosted content, and take technical and legal steps to keep Users off the Site if we think that they are creating problems or possible legal liabilities, infringing the intellectual property rights of third parties, or acting inconsistently with the letter or spirit of these Terms. Additionally, we may, in appropriate circumstances and at our discretion, suspend or terminate Accounts of Users for any reason, including without limitation: (1) attempts to gain unauthorized access to the Site or another User's account or providing assistance to others' attempting to do so, (2) overcoming software security features limiting use of or protecting any content, (3) usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) violations of these Terms of Use, (5) failure to pay or fraudulent payment for Transactions, (6) unexpected operational difficulties, or (7) upon the request of law enforcement or other government agencies, if deemed to be legitimate and compelling by listerexchange.com, acting at its sole discretion.

11.3. listerexchange.com also reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more, and/or to modify or discontinue our Site or Service. The User agrees that listerexchange.com will not be liable to them or to any third party for termination of their Account or access to the Site.

11.4. The suspension of the Account shall not affect the payment of the Transaction fees due for past Transactions. Upon termination, the User shall provide a valid details or cryptocurrency address to allow the transfer of any cryptocurrencies deposited to his/her Account. listerexchange.com shall transfer the cryptocurrencies as soon as possible following the User's request in the time frames specified by listerexchange.com.

12. SERVICES AVAILABILITY

12.1. All Services are provided “AS IS”, without guarantees of any kind, either express or implied.

12.2. listerexchange.com will strive to keep the Site up and running; however, all online services suffer from occasional disruptions and outages, and listerexchange.com is not liable for any disruption or loss you may suffer as a result. Thus, listerexchange.com does not provide any guarantees that access to the Site will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.

12.3. listerexchange.com will use reasonable endeavors to ensure that the User can normally access the Site in accordance with the Terms of Use. listerexchange.com may suspend use of the Site for maintenance and will make reasonable efforts to give the User notice. The User acknowledges that this may not be possible in an emergency.

13.FINANCIAL OR LEGAL ADVICE

13.1. listerexchange.com does not provide any financial, investment or legal advices in connection with the Services provided by listerexchange.com. listerexchange.com may provide information on the price, range, volatility of Cryptocurrencies and events that have affected the price of Cryptocurrencies, but it should not be considered as an investment or financial advice and should not be construed as such. Any decision to buy or sell Cryptocurrencies is the User’s decision and listerexchange.com will not be liable for any loss suffered.

14. NOTICES AND COMMUNICATION

14.1. listerexchange.com reserves the right to send notices to, and communicate with the User by any means of communication, available to listerexchange.com, considering the contact details provided by the User.

14.2. The User expressly agrees to receive any notices in electronic form, and to be bound by them, if so is required by the Terms of Use.

15. LIMITATION OF LIABILITY

15.1. IN NO EVENT SHALL LISTEREXCHANGE.COM, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ALL THIRD PARTY SERVICE PROVIDERS, BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING ANY THAT MAY RESULT FROM (I) THE ACCURACY, COMPLETENESS, OR CONTENT OF THIS SITE, (II) THE ACCURACY, COMPLETENESS, OR CONTENT OF ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (III) THE SERVICES FOUND AT THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IV) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, (V) THIRD-PARTY CONDUCT OF ANY NATURE WHATSOEVER, (VI) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY AND ALL CONTENT, PERSONAL INFORMATION, FINANCIAL INFORMATION OR OTHER INFORMATION AND DATA STORED THEREIN, (VII) ANY INTERRUPTION OR CESSATION OF SERVICES TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (VIII) ANY VIRUSES, WORMS, BUGS, TROJAN HORSES, OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IX) ANY USER CONTENT OR CONTENT THAT IS DEFAMATORY, HARASSING, ABUSIVE, HARMFUL TO MINORS OR ANY PROTECTED CLASS, PORNOGRAPHIC, “X-RATED”, OBSCENE OR OTHERWISE OBJECTIONABLE, AND/ OR (X) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF YOUR USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT LISTEREXCHANGE.COM IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THIS SITE OR THE SERVICES FOUND AT THIS SITE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE SUCH CAUSE OF ACTION SHALL BE PERMANENTLY BARRED. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT IN NO EVENT SHALL LISTEREXCHANGE.COM’S TOTAL AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT PAID BY YOU FOR THE PARTICULAR SERVICES THAT ARE THE SUBJECT OF THE CAUSE OF ACTION. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW, AND SHALL SURVIVE ANY TERMINATION OR EXPIRATION OF THIS AGREEMENT OR YOUR USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE.

15.2. listerexchange.com will not be liable for Transactions, initiated by the User, below prescribed limits.

16. MODIFICATIONS AND AMENDMENTS

listerexchange.com reserves the right to amend or modify any portion of these Terms of Use at any time by publishing the revised version of the Terms of Use on the Site. The changes will become effective, and shall be deemed accepted by the User, the first time the User uses the Services after the publishing of the revised Terms of Use and shall apply on a going-forward basis with respect to any activity initiated after the publishing. In the event that the User does not agree with any such modification, the User's sole and exclusive remedy is to terminate the use of the Services and close the Account. The User agrees that listerexchange.com shall not be liable to the User or any third party as a result of any losses suffered by any modification or amendment of these Terms of Use.

17. FORCE MAJEURE

If listerexchange.com is unable to perform the Services outlined in the Terms of Use due to factors beyond its control including but not limited to an event of Force Majeure, change of law or change in sanctions policy listerexchange.com will not have any responsibility to the User with respect to the Services provided hereunder and for a time period coincident with the event.

CONTACT US

If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms and/or your use of the Site and the Service, your Account, or any other matter, please contact support@listerexchange.com.