1. Introduction
Welcome to PayRaX (“Company”, “we”, “our”, “us”).
These Terms of Service (“Terms”) govern your access to and use of the PayRaX platform, including all services related to cryptocurrency trading, wallets, and financial transactions.
By accessing or using PayRaX, you agree to be bound by these Terms.
2. Eligibility
To use PayRaX, you must:
Be at least 18 years old
Have the legal capacity to enter into a binding agreement
Not be located in a restricted jurisdiction
Complete identity verification (KYC)
We reserve the right to refuse service to anyone at our discretion.
3. Account Registration
Users must:
Provide accurate and complete information
Maintain the security of their login credentials
Enable Two-Factor Authentication (2FA) where required
You are fully responsible for all activities under your account.
4. Services Provided
PayRaX offers:
Cryptocurrency buying and selling
Digital asset wallet services
Trading tools and analytics
Fiat-to-crypto conversion (where supported)
We may update, modify, or discontinue services at any time.
5. User Obligations
You agree NOT to:
Use PayRaX for illegal activities (fraud, money laundering, terrorism financing)
Manipulate markets (pump & dump, spoofing, wash trading)
Attempt to hack, exploit, or disrupt the platform
Use unauthorized bots or automation tools
Violation may result in account suspension or termination.
6. Fees and Payments
By using PayRaX, you agree to:
Pay all applicable trading, deposit, and withdrawal fees
Accept that fees may change at any time
Review fee structures before transactions
All fees will be clearly displayed before confirmation.
7. Risk Disclaimer
Cryptocurrency trading involves high risk, including:
Extreme price volatility
Liquidity issues
Regulatory uncertainty
You acknowledge that:
You may lose all your invested funds
PayRaX is not responsible for trading losses
8. Wallet and Transactions
Transactions on blockchain are irreversible
PayRaX is not responsible for incorrect wallet addresses
Users must verify all transaction details before confirming
9. Compliance with Laws
You agree to comply with all applicable laws, including:
Anti-Money Laundering (AML) regulations
Know Your Customer (KYC) requirements
Tax obligations in your jurisdiction
PayRaX may report suspicious activity to authorities.
10. Account Suspension or Termination
We may suspend or terminate your account if:
You violate these Terms
Suspicious or fraudulent activity is detected
Required verification is not completed
Funds may be frozen pending investigation.
11. Intellectual Property
All content on PayRaX (logos, software, UI, branding) belongs to PayRaX.
You may not copy, modify, or distribute any part of the platform without permission.
12. Limitation of Liability
To the fullest extent permitted by law:
PayRaX is not liable for any financial loss
We are not responsible for system downtime or technical issues
We do not guarantee uninterrupted service
13. Indemnification
You agree to indemnify and hold PayRaX harmless from:
Legal claims
Losses or damages
Violations of these Terms
14. Third-Party Services
PayRaX may integrate third-party services (e.g., payment gateways, APIs).
We are not responsible for:
Third-party failures
External service disruptions
15. Privacy
Your use of PayRaX is also governed by our Privacy Policy.
16. Amendments
We may update these Terms at any time.
Continued use of PayRaX means you accept the updated Terms.
17. Governing Law
These Terms shall be governed by the laws of:
[Insert Jurisdiction – e.g., Federal Republic of Nigeria]
18. Dispute Resolution
Disputes shall be resolved through:
Internal support resolution
Arbitration or legal proceedings (if necessary)