Buy/Sell Terms of Use

Version: 1 April 2023

A. Buy/Sell Services

1. By accessing and using the Buy/Sell Services (as defined below), you acknowledge and agree that you have read, understood and accepted all of the terms and conditions in these terms (the “Convert Terms”), and you acknowledge and agree that you will be bound by and will comply with these Buy/Sell Terms. If you do not understand and accept these Buy/Sell Terms in their entirety, you should refrain from accessing or using the Buy/Sell Services.

2. Upon completion of the registration and identity verification for your Binance TR Account, you may be able to make use of the Binance TR Buy/Sell services, which enable Users to buy and sell Digital Assets based on prices provided by Binance TR (the “Convert Services”). Pursuant to the Buy/Sell Services, Users may provide Binance with a request to convert one Digital Asset into another Digital Asset or a particular Fiat currency into a Digital Asset (or vice versa), as applicable, based on supported trading pairs as available on the Platform (a “Conversion”), which Binance TR may, in its sole discretion, elect to accept or reject. If accepted, a transaction will be entered into between Binance TR and the User subject to the terms as set out in these Buy/Sell Terms.

3. To request a Conversion between a supported trading pair through the Platform you may place: (i) a market order, by specifying the type and amount of the Digital Assets or Fiat currency (each an “Asset”) to be converted and the type of Assets to be received pursuant to such Conversion (a “Convert Market Order”). For the purposes of the Buy/Sell Services, reference to “Platform” in these Buy/Sell Terms shall be to the digital platform made accessible via any website, page, feature, or content owned or operated by Binance TR, any mobile application developed or provided by Binance TR or any Binance TR API Connection (as defined below) made available to Users or any third-party application relying on such Binance TR API Connection or by such other means as Binance TR may prescribe from time to time for the use of Buy/Sell Services.

4. If you place a Buy/Sell Market Order, Binance TR may (but is not obliged to) provide a non-binding, indicative and discretionary quote for the conversion (a “Convert Quote”), which you may accept or decline within such a period of time as Binance TR may, in its sole discretion, specify. It is your responsibility to check the competitiveness of the price and decide whether to accept the Buy/Sell Quote or not within the specified time. Your acceptance of the Buy/Sell Quote will result in the submission of a trade request to Binance TR for Binance TR to process the requested Conversion at the price provided in the Buy/Sell Quote (a “Trade Request”). Submission of a Trade Request authorizes Binance TR to temporarily lock the requisite amount of the User’s Assets that are to be converted until the Conversion is completed (subject to Binance TR’s right to reject any such Trade Request as detailed further below).

5. User’s acceptance of a Buy/Sell Quote and submission of a Trade Request does not obligate Binance TR to process the requested Conversion on behalf of the User. Binance TR may either accept or reject the Trade Request at its sole discretion, depending on market conditions and other factors at the relevant time.

6. If Binance TR accepts the Trade Request, Binance TR will guarantee the price of the requested Conversion (regardless of price movement) as well as the amount of the relevant Assets that are to be converted and provided to the User pursuant to such Conversion. Binance TR will settle the requested Conversion accordingly by debiting the User’s Binance TR Account of the agreed amount of Assets to be converted and crediting the User’s Binance TR Account with the agreed amount of Assets to be received pursuant to such Conversion. In most cases, the settlement will complete within seconds from the acceptance by Binance TR of the relevant Trade Request, however Binance TR does not guarantee the settlement of the Conversion within this timeframe and in some instances the settlement process may take several hours or even longer, depending on various factors, including market conditions, technical issues, etc. Once a Trade Request has been accepted by Binance TR, the User will not be permitted to cancel the requested Conversion or to transfer, withdraw, or otherwise trade the Assets that are the subject of such Conversion. Binance TR shall not be held responsible for potential loss or opportunity cost in connection with any price change of the Asset subject to the Conversion during this settlement period.

7. If any Buy/Sell Market Order is executed, the provisions detailed in clause 6 above with respect to the settlement of the relevant Conversion shall apply.

8. Binance TR has the exclusive authority to determine which Assets are listed on the Platform and are available for the purposes of a Conversion and may add or remove Assets from the Platform in its sole discretion, from time to time without prior notice. Binance TR may also change the order size available for a Conversion with respect to a particular Asset. In respect of such additions, removals, or amendments, Binance TR may, but is not obliged to, notify Users in advance and Binance TR shall have no liability to users in connection with such additions, removals or amendments.

9. It is recommended that Users conduct independent research into different Digital Assets prior to using Buy/Sell services and that Users take steps to ensure they understand the risks associated with the trading of Digital Assets. Users bear full responsibility for ensuring that the Buy/Sell Services are suitable for them, taking into account their own financial objectives and circumstances, and shall be solely responsible for any profit or loss sustained in connection with their use of the Buy/Sell Services. Binance TR does not make any representation of guarantee as to the outcome to be received by the trading of Digital Assets whether pursuant to the Buy/Sell Services or otherwise.

10. If a User is accessing the Buy/Sell Services pursuant to an API connection provided to the User by Binance TR (a “Binance TR API Connection”), the User acknowledges and agrees as follows:

a. A Binance TR API Connection may only be used for the purposes of submitting Buy/Sell Market Orders;

b. Binance TR may change the endpoints of any Binance TR API Connection from time to time and/or may change the settings of any Binance TR API Connection, including to impose any particular trading limits and/or minimum order amounts with respect to specific Users, in each case at any time for any reason in its sole discretion and shall not be obliged to provide any prior notice to User of any such change;

c. Binance TR may restrict or terminate a Binance TR API Connection at any time for any reason in its sole discretion, for example, including (but not limited to) where Binance TR suspects that the User is using the Binance TR API Connection for the purposes of price arbitrage, market manipulation or is otherwise exploiting pricing provided by Binance TR via the Binance TR API Connection for the purposes of gaining a market advantage, and Binance TR is not obliged to provide any prior notice to User of any such restriction or termination or any reason therefor;

d. a Binance TR API Connection is provided “as is” and is used by a User entirely at its own risk. Binance TR shall not be liable for any error, malfunction, or unavailability of any Binance TR API Connection or any losses incurred by a User or any third party in connection with the use of (or inability to use) any Binance TR API Connection; and

e. if User is redistributing any prices provided by Binance TR through a Binance TR API Connection, whether in relation to the Buy/Sell Services or otherwise, Binance TR shall not be a party to, nor have any obligation with respect to, any transaction entered into by the User with any third party (including any customer of the User) on the basis of a price provided by Binance TR. User shall be solely responsible for its transactions and relationships with third parties (including its own customers), including without limitation any obligations or duties arising under applicable law or regulation. To the extent that User applies any mark-up or spread to prices received from Binance TR for the purposes of trading with its own customers, User shall be solely responsible for determining the amount of and appropriateness of any such mark-up or spread and Binance TR shall have no involvement with, or liability in relation to, any such decision or other decision regarding transactions between the User and any customer of User or other third party. Unless otherwise agreed by Binance TR in writing, User shall not identify Binance TR as the source of any prices provided to User to any third party (including User’s own customers) nor use the name “Binance TR” or any logo or symbol of Binance TR in its own marketing, communications with third parties, websites or for any other purpose.

B. General Terms

11. All terms and references used in these Buy/Sell Terms and which are defined and construed in the Binance TR Terms of Use (the “Terms of Use”), but are not defined or construed in these Buy/Sell Terms, shall have the same meaning and construction in these Terms.

12. These Buy/Sell Terms are to be read together with, and are supplemental to, the Terms of Use. In the event of any conflict or inconsistency between any provision of these Buy/Sell Terms and a provision of the Terms of Use, the Buy/Sell Terms shall prevail so far as such inconsistency relates to the Buy/Sell Services.