Last updated: January 18, 2018
By not agreeing to the following terms and conditions, you will not be able to utilize the coinbio.com (Coinbio) platform to complete any exchange of coins or tokens. Participants who do not agree to the terms and conditions below will still be permitted access to the remaining of the platform.
Coinbio is not responsible for any losses the Participant receives through any point of the exchange.
If an Exchange is made that is lower than the minimum amount allowed to exchange given on Coinbio plus the Blockchain Network Fees, it will result in a complete loss of the Lot exchanged.
Participants are to understand that Coinbio does not guarantee any data provided on the Coinbio platform. This includes but is not limited to;
a. Minimum Exchange
b. Crypto-Currency Prices
c. Fiat Currency Prices
d. Receiving Wallet (Pay-In Wallet)
e. Total Supply
f. Coin Price
g. Coin Market Cap
h. Coin 24H Volme
Each Participant is expected to have the capacity to perform their own research before initiating an exchange.
All exchanges performed on the CoinBio.com platform are subject to both Blockchain Network fees and an exchange fee.
The Blockchain Network Fee is not included in the minimum amount of currency to be exchanged that is provided to you by Coinbio prior to initiating an exchange. Participants are expected to add the Blockchain Network fee to the minimum given by Coinbio in order to better secure the Exchange. Different currencies may have different network fees.
The exchange fee will be deducted from the transaction volume once the Exchange passes through the Changelley API. The exchange fee is equal to 0.5% of the transaction Volume.
Note that exchange completion times are subject to change. The “Estimated Time” given to you by Coinbio is an average of the previous exchanges and is in no way guaranteed by Coinbio.
Coinbio will present the Receive Address, Refund Address (if applicable), and Extra Parameters to the Participant once the Exchanged is initiated. It is the Participants’ responsibility to input the Receive Address, Refund Address and Extra Parameters into their Digital Currency Wallet in order to complete the Exchange or to refund the Exchange
The Blockchain Network Fee is a standard fee that is applied to the majority of Crypto-Currency exchanges.
If you have any questions about these Terms & Conditions, please contact us at email@example.com.