Auto-Invest Terms of Use
A. Instructions
1. By using the Auto-Invest Service, you agree that you have given Binance TR your Auto-Invest Instructions, in accordance with the AI Terms. The Auto-Invest Service also relies on the Spot Order and Binance TR Convert services offered by Binance TR. You must also agree to the applicable terms & conditions, as updated from time to time, that apply to this service before using the Auto-Invest Service.
2. Your Auto-Invest Instructions are that you authorize Binance TR to:
a. undertake Auto-Invest Transactions in accordance with your Specified Plan;
b. deduct Auto-Invest Fees from your Spot Account, or as otherwise set out in these terms; and
c. to convert Fiat Currency to Virtual Assets in accordance with the Binance TR Convert Terms of Use in order to undertake Auto-Invest Transactions on your behalf.
3. Digital Assets held to the credit of your Binance TR Account or Fiat Currency will be used to acquire Auto-Invest Assets, in accordance with your Auto-Invest Instructions.
4. Your Auto-Invest Instructions continue until they are amended or canceled in accordance with the AI Terms.
B. Auto-Invest Transactions
5. Unless otherwise specified on the Platform, all Auto-Invest Transactions source Auto-Invest Assets using Binance TR Convert Services.
Binance TR has no obligation to ensure that you have purchased Digital Assets using the best available USD exchange rate.
6. If you do not have sufficient Digital Assets or Fiat Currency in your Binance TR Account to complete an Auto-Invest Transaction, Binance TR will not undertake the Auto-Invest Transaction, in part or in full. Notwithstanding the preceding sentence, your Auto-Invest Instructions will continue, and Binance TR will attempt to complete the next scheduled Auto-Invest Transaction, in accordance with your Specified Plan.
C. Fees
7. Auto-Invest Fees arising from Auto-Invest Transactions are the amount & percentage shown in the Auto-Invest purchase summary and history, and are charged in Auto-Invest Currency. Binance TR may change these fees from time to time, and will communicate changes by updating the purchase summary and history.
D. Auto-Invest Record
8. Binance TR will create an Auto-Invest Record for you.
E. Digital Assets Purchased with Auto-Invest
9. Digital Assets you purchase in accordance with these terms will be automatically transferred into your Binance TR account.
F. Specified Plan
10. Your Specified Plan contains the following details:
a. the Auto-Invest Currency you have instructed Binance TR to acquire;
b. the Binance TR Account that you will use to acquire Auto-Invest Assets;
c. the frequency at which Auto-Invest Assets will be acquired; and
d. the quantity of Auto-Invest Assets that will be acquired at each Auto-Invest Date.
11. You can cancel your Auto-Invest Instructions, or amend your Specified Plan, at any time before the Auto-Invest Date. In order to do so, you must follow the instructions on the Platform.
G. Placing a stop or suspension on, or canceling your access
12. Binance TR may stop, suspend or cancel your access to the Platform, impose limits to any Binance TR accounts, suspend or cancel your ability to participate in Auto-Invest Services, or delay certain transactions where:
a. you do not provide additional information to verify your identity or source of funds as requested by Binance TR;
b. Binance TR is required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws);
c. Binance TR is required to do so to comply with any direction or instruction from a government body or agency;
d. Binance TR reasonably determines that any information you have provided to Binance TR is wrong, untruthful, outdated or incomplete; or
e. you do not provide additional information that we request to our reasonable satisfaction or in a timely manner.
H. Account information and transaction records
13. You will be able to view your account history on the Platform. You must review your account history carefully and let Binance TR know if you see any entries or transactions that you do not recognize or you think are incorrect as soon as possible, and within 14 days after the date that your account history is provided or made available to you.
14. We may rectify any error in your account history at any time, and reserve the right to void or reverse any transaction:
a. involving or deriving from a manifest error (that is, any error, omission or misquote (whether an error of Binance TR or any third party) which is manifest or palpable, including a misquote by any representative of Binance TR taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation); or
b. to reflect what we reasonably consider to be the correct or fair details of the transaction.
15. We may be required under Applicable Law to share information about your accounts and use of the Platform with third parties. You acknowledge and agree that we are entitled to disclose such information.
I. Technology disclaimers
16. Binance TR may, from time to time, suspend access to the Platform, Binance TR services, for both scheduled and emergency maintenance. Binance TR will make reasonable efforts to ensure that transactions on the Platform are processed in a timely manner, but Binance TR makes no representations or warranties regarding the amount of time needed to complete processing, which is dependent upon many factors outside of our control.
17. Although Binance TR makes reasonable efforts to update the information on the Platform, we make no representations, warranties or guarantees, whether express or implied, that the content on the Platform, including information in relation to the Binance TR services, is accurate, complete or up to date.
18. You are responsible for obtaining the data network access necessary to use the Binance TR services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the Binance TR services, the Platform and any updates thereto. Binance TR does not guarantee that the Binance TR services, or any portion thereof, will function on any particular hardware or devices. Binance TR services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.
J. General Terms
19. All terms and references used in these AI 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 terms, shall have the same meaning and construction in the Terms of Use.
20. The AI Terms are to be read together with the Terms of Use. In the event of any conflict or inconsistency between the AI Terms and the Terms of Use, the order of precedence in which the documents are to be read is first these terms, and then the Terms of Use.
21. Binance TR will contact you using the details you provide to Binance TR. This may include contacting you by email, SMS or official live support. It is important that you ensure that your contact details are correct and up to date. If your contact details change, you must let us know immediately. If you do not, Binance TR will not be responsible if you do not receive information, notices, or other important information from Binance TR.
22. Binance TR may give notice by email to your email address. It is your responsibility to ensure that the email address is up to date and accurate. Notices may be given, and are deemed to be received, if sent to your email address, whether or not a notice of delivery failure is received.
23. You may give us notices only as Binance TR directs, which may change from time to time.
24. For more information on Binance TR, you may refer to the company information found on Binance TR websites. If you have questions regarding these terms, please contact Binance TR for clarification via our Customer Support team.
K. Defined Terms
Applicable Law means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organization of which Binance TR is a member), that are applicable to the provision, receipt or use of the Binance TR services, or any other products or deliverables provided, used or received in connection with these terms.
AI Terms means these terms of use.
Auto-Invest Service means the Binance TR Service identified as “Auto-Invest' on the Platform, allowing you to give Binance TR your Auto-Invest Instructions in accordance with these Terms.
Auto-Invest Record means a record of Digital Assets acquired in accordance with these Terms.
Auto-Invest Assets means a Digital Asset acquired by you in accordance with these Terms.
Auto-Invest Currency means the currency of the Auto-Invest Asset (e.g., BTC).
Auto-Invest Date means the date and time on which an Auto-Invest Transaction takes place.
Auto-Invest Fees means the fees charged by Binance when undertaking an Auto-Invest Transaction.
Auto-Invest Transaction means a transaction, and any subsequent transactions, undertaken by Binance TR in accordance with your Specified Plan.
Fiat Currency means a currency or Digital Asset linked to a currency that is declared legal tender by a government.
Binance TR Convert Services has the meaning given to it in the Binance TR Convert Terms of Use.
Platform means the digital platform that we or any of the Binance TR Operators may make accessible to you via a website, mobile app, a Binance TR API or by such other means as Binance TR Operators may prescribe from time to time for the use of Binance TR services.
Specified Plan means your Instructions given in accordance with these Terms.