Terms of Services

1. GENERAL PROVISIONS

LoanBit Proprietary Limited (hereinafter referred to as LoanBit) undertakes to provide services to its customers in strict compliance with this provision. The Internet user can become a client only upon agreeing with the terms of the present provision.

The client is aware of his or her obligations before LoanBit and agrees to comply with internal rules, stated in paragraphs of this provision. LoanBit shall not be liable to the customers and disclaims all liability in case of violation by the customer at least one paragraph of the provision. LoanBit reserves the right to make changes to this provision at any time without prior notice.

Unless otherwise specified by the provision or not provided in other documents of LoanBit, the customer acknowledges that all operations on the site at this web address (https://LoanBit.net) are conducted at his or her own risk. The customer is aware that previous results do not guarantee the same performance in the future, so that the customer voluntarily grants money for LoanBit's use for consulting purposes. LoanBit in its turn only determines the period of use for customer's funds.

2. PARTIES OF THE AGREEMENT

Under the terms of this agreement, LoanBit undertakes to provide the customer with online investment services in accordance with the Mission of LoanBit.

The Internet user becomes a customer and therefore a party of the agreement only after he or she goes through the process of opening a service account on https://LoanBit.net and certifies his or her agreement with this provision. The user opening a service account must be of legal age in his or her country and his or her age must be at least 18 years. The customer shall provide accurate, reliable and complete information about himself/herself. Inaccurate customer information may result in improper financial transactions; LoanBit is not liable for that. The customer agrees not to use LoanBit services for illegal purposes, money laundering or gaining illicit income.

The customer agrees that all communications and correspondence history with the customer in all communication sources is recorded in order to improve the quality of customer service. LoanBit undertakes to comply with Privacy policy and not to disclose any personal information of customers under conditions of Privacy policy.

3. ACCOUNT USE REGULATIONS

LoanBit determines the rights of Internet users to register a single account under his or her name and not to use multiple accounts from the same IP to create the illusion of participation in a partnership program to gain affiliate rewards. The customer may not assign the right to use the account to anyone else. In light of such sharing violation, we reserve the right to suspend all accounts related or limit the account involved as deemed necessary.

The customer has the right to change personal data and payment information in his or her account without notice to administration of the service. In case payment details have been changed, administration has the right to withhold the payment for no more than 3 days in order to prevent fraudulent activities.

If the customer has lost his or her account password, he or she can start the procedure for changing the password for free by receiving the password later by email. The customer shall use certain computer protection means (anti-virus and firewall) in order to avoid falling a victim to hackers. The customer cannot delete his or her account.

4. INVESTMENT TERMS AND CONDITIONS

For its customers LoanBit has prepared 4 Investment plans, also known as LoanBit Speical, the terms of which are outlined below:

  • ●   Start : 2.0%/day. Min amount 0.01 BTC - max amount 0.29 BTC

  • ●   Medium : 2.5%/day. Min amount 0.30 BTC - max amount 14.99 BTC

  • ●   Business : 3.0%/day. Min amount 15.00 BTC - max amount 49.99 BTC

  • ●   Corporate : 4.0%/day. Min amount 50.00 BTC - max amount 249.99 BTC

When a user makes a transfer of Bitcoins (the only digital currency accepted by LoanBit) into their designated Bitcoin address (found in the user account) it is considered as plan purchase. After plan has been activated (user will be notified) every day user's balance will be credited with earnings, which user is free to withdraw to his Bitcoin wallet, provided that the minimum amount is met. All withdrawals are performed instantly. LoanBit is not responsible for any delays/lagging due to slow Bitcoin network.

5. PROVISION FOR COOPERATION WITH LOANBIT PARTNERS

LoanBit runs an affiliate program, which is aimed at stimulating Internet users to become LoanBit customers. A partner receives 3 levels of 4% - 2% - 1% of each deposit made by the attracted investor.

All payments to partners are made from LoanBit's advertising budget. Commissions are credited instantly after the referred customer has made a deposit. The partner can withdraw his or her reward or use this money when creating a new deposit.

Anyone can become a LoanBit partner. To become an active partner, one needs to use a referral link, provided individually to each customer, when it comes to attraction of Internet users.

The partner may contact administration for exclusive conditions of cooperation in order to increase the rate of his or her reward. An active partner shall comply with the LoanBit rules, stated in this provision.

The partner can use promotional materials, represented on the site (banners) for active enrollment of customers.

6. FORCE MAJEURE CIRCUMSTANCES

LoanBit has the right to suspend its operations and fulfillment of obligations before its customers in case LoanBit's activities are affected by such factors, as earthquakes, global economic crises, wars, man-made disasters, strikes, epidemics and revolutions,. If such factors occur, LoanBit notifies of suspension of its activity on the website.

LoanBit is not liable for any hacking of the customer's account through fraudsters' fault. This situation is beyond control of LoanBit.

7. LEGITIMACY OF THIS PROVISION

This provision is legitimate under the charter of LoanBit and registration documents of LoanBit Proprietary Limited. The present provision remains legitimate in case some changes or amendments are made.