Terms of Service

Date:2019-03-03 03:07:51

By accessing and using the Groshexchange platform and services you accept and agree to be bound by the terms and and provisions of our TOS.


Groshexchange does not provide services to citizens and residents of the United States or any country where such distribution or use would be contrary to local law or regulation.

According to our TOS the Groshexchange Trading platform can be referred to as 'Groshexchange', 'us', 'our', or 'this website.' Groshexchange users include any visitor to our website or using our services for any purpose. The term 'Cryptocurrency' may be used to describe any form of digital currency, including but not limited to Bitcoin and/or 'coin'. By visiting our website or making use of our services you acknowledge that you agree to these terms of service!

1. User Registration Agreement
1. User Registration
1.1 Registration Status

User Obligations: In consideration of your use of Groshexchange Trading Services, you represent that you are of legal age and sound mind to form a binding contract and are not a person previously banned from using any Groshexchange services. You also agree to: provide true, accurate, current, and complete information about yourself and will ensure registation data is current and up-to-date in the event any personal information should change. By clicking the 'Sign Up' button you acknowledge that you provide you consent to the terms of this agreement.

1.2 Registion Purpose

User Commitment: User registration requirements are not intended to violate any laws or regulations or for the purpose of trading digital assets.

1. Registration Process

The user ('you') agree to provide full, accurate and true information in accordance with the information requested on the Groshexchange user registration page to including but not limited to phone number, identification documents, and valid account password.

1.4 If a user legally and completely submits all information required for registration, they will be entitled to a Groshexchange Exchange Account which can then be used to login to the Groshexchange trading platform.

1.5 By signing up for and registering for a Groshexchange Trade account you consent to receiving notifications, SMS, and email messages related to Groshexchange management and operations.

1.6 After successfully registering an account on Groshexchange  you agree to provide accurate and authentic documents so that your identity can be verified this may also be called 'Real Name Authentication.'

2. Registration Agreement
2.1 Groshexchange reserves the right to change its terms of service or user agreements at any time and without prior notice. Users should periodically review these agreements to ensure they can comply with any revisions or changes in the terms or conditions of the agreements.

2.2 You understand and accept the risk of buying and selling digital assets and cryptocurrencies such as Bitcoins, or other types of digital assets. Cryptocurrencies are inherently volatile and asset values can appreciate or depreciate dramatically and significantly at any time.

2.3 You need to know that buying Bitcoin or any other digital asset or cryptocurrency on our platform carries significant risks and any profit or loss as a result of user activities is born solely by the user of that trading account.

2.4 Groshexchange is a trading platform for buying and selling of cryptocurrencies and digtal assets. And while we strive to ensure a fair and equitable trading environment, we accept no responsibility whatsoever for any form of malicious 'market manipulation' that may occur, whether or not the information is presented on Groshexchange or from other sources outside of our platform.

2.5 By using our services you understand and agree that the price of cryptocurrencies and digital assets can and do fluctuate unpredictably for many (such as: government intervention, market conditions, and market speculation) or for no apparent reason at all.

2.6 Groshexchange does not set cryptocurrency or digital asset prices. The price of any cryptocurrency or digital asset is solely determined by the trading (buying and selling) activities between users of the Groshexchange platform.

2.7 All risks and/or benefits of user trading decisions based on information that may be provided on the Groshexchange website are born by the users themselves. Groshexchange takes no responsibility for any behavior that a user performs in the course of using the Groshexchange website and services.

2.8 Groshexchange will not intentionally or deliberately delay the release of market information but is not and will not be responsible for any delays that may occur such as: network failure, server failure or other causes outside of our reasonable control.

2.9 Users are responsible for protecting the integrity and security of their Groshexchange Trading account.Groshexchange, the site owner, and its staff will not be responsible for any loss as a result negligence or unsafe actions whether performed by the user or caused by activities on Groshexchange platform.

You are responsible for keeping your passwords confidential! Disclosing your password to any 3rd Party will be considered a violation of this agreement.

Users must ensure that they have entered to correct URL for the Groshexchange website and that their identity information is correct. Users should not use any 3rd Party companies or services to perform trading activities.

2. Customer Service
1. Services
1.1 Groshexchange USES it's own system to provide users with access to cryptocurrencies such as Bitcoin or other digital assets through its software, the internet, and applications among other technologies.

1.2 Users shall provide legal, authentic, accurate and detailed personal data and if any of the personal data should change they agree to update their personal information on Groshexchange in a timely manner. The user bears all responsibility for providing true and accurate information; Groshexchange reserves the right to terminate any user account should the information provided prove to be illegal, false, inaccurate, or misleading.

1.3 Users have the right to browse cryptocurrencies and digital assets to obtain real-time pricing information, view trading activities, trade (buy/sell) cryptocurrencies and issue trading instructions using the Groshexchange platform.

Users have the right to view their account information, trading activities, trading history, and use trading functions as provided by Groshexchange.

1.5 Users have the right to use Groshexchange platform to participate in trading activities in accordance with the rules and polices published by Groshexchange.

Groshexchange promises to provide addition services to users.

Service Rules
2.1 Users shall abide by all local laws, regulations, and policies as well as the policies of Groshexchange platform. They shall also guarantee the legitimacy and legality of the sources for all funds and cryptocurrencies in their account. Users shall not engage or use Groshexchange services to engage in illegal, unlawful or perform trading activities on behalf of a third party such as sending or receiving illegal funds, money laundering activities, infringe the rights of others, engage in market manipulation activities, or engage in presenting or distributing false, misleading, and damaging information...etc.

2.2 Users shall abide by all laws and regulations and shall properly use their Groshexchange account as well as properly secure their account, password, trading password, mobile phone, and authentication codes. Users are fully responsible for any transactions or activities that utilize their trading account, account password, and/or SMS verification codes.

2.3 If a user discovers their Groshexchange account number, password, trading password, or verification code has been compromised by a 3rd Pary or other unauthorized transactions or activities have taken place using their account; they MUST immediately notify Groshexchange and request to freeze their account. Groshexchange will endeavor to process such a request in a timely fashion but will not be liable for any losses suffered by the user prior to the account being frozen/suspended.

2.4 Groshexchange accounts are not transferrable without Groshexchange's consent. Users shall not dispose of their account by way of gift, loan, lease, transfer, or otherwise.

3. Provision, modification, and termination of services
3.1 While using Groshexchange Trading services the user agrees to accept account, services, or other notifications from Groshexchange.

3.2 User hereby authorizes Groshexchange to send business information to their E-mail, mobile phone, or physical address.

3.3 Groshexchange reserves the right to modify, suspend or stop its services at any time without notice to the user. Groshexchange is entitled to exercise its rights to modify, change, or discontinue services.

3. User rights and obligations
1. User Rights
1.1 Once a user successfully becomes a member of Groshexchange and has a user name and mailbox, users' are responsible for their own activities and actions. When logged into the system, the user bears legal responsibility for all activities, words, statements, etc. made or performed by their user account whether directly or indirectly.

1.2 User have the right to use Groshexchange and platform services in accordance with this agreement.

1.3 The user has the right to withdraw the balance of the assets at Grosh at any time, including the encrypted currency and digital assets, but the need to pay any corresponding transaction charges.

2. User Obligations
2.1 Users are responsible for protecting and securing their Groshexchange account information, such as their account number, username, login password, trading password and SMS verification codes. And regardless of cause or reason that account information was disclosed, Groshexchange is not liable for any legal consquences nor bears any responsibility for any loss.

2.2 Users shall NOT use Groshexchange or its services to violate or subvert any national or local laws of the user's country. Users may not register an account or multiple accounts for the purposes of malicious intent including but not limited to: profiteering, market manipulation, theft/cheating award and gift programs, violating Groshexchange policies or any other illegal or malicious purposes. Groshexchange will take all necessary measures to prevent such activity and may, at its sole discrection, suspend or sieze the user's account(s) and all assets therein due to any violation of this policy.

2.3 Users shall not interfere, disrupt, or cause denial of trading or denial of any other services on the Groshexchange platform.

2.4 The user shall not interfere with the normal operation of Groshexchange trade or interfere with the other users trading activities by any means, technical or otherwise.

2.5 A user must not provide any Groshexchange platform information to any user who has started litigation against Groshexchange outside of official administrative or judicial due process.

2.6 Users must not create, post, or distribute malicious, fictitious, or slanderous material against Groshexchange's goodwill.



Groshexchange reserves the rights to suspend, freeze, or close any account where it suspects the person using the account is not the same individual who registered the account with their real ID.


4.1 If the user does not complete the full registration process in accordance with the terms of service agreement then Groshexchange trade has the right to refuse to register or cancel the user's registration and the user has the right to write off their account. Groshexchange is entitled to recover any benefits givent to suer and recover any loss from the user or their legal representative. It is at the sole discretion of Groshexchange whether accept or approve account registrations and membership applications.

4.2 Groshexchange reserves the rights to suspend, freeze, or close any account where it suspects the person using the account is not the same individual who registered the account with their real ID.

4.3 If Groshexchange suspects or identifies, through technical testing, AI sampling, manual verification or by any other means, any irregular or incorrect information has been submitted during account registration then Groshexchange has the right to notify the user to correct the anomalous information or terminate the account.

4.4 Groshexchange has the right to request and demand that users correct any data that has been identified as incorrect or erroneous.

4.5 Groshexchange has the right to modify, suspend, or terminate Groshexchange trading or other services, without notice, at any time, effective as of the date written in the discontinuation of services notice.

4.6 Groshexchange will endeavor to provide the necessary technical means, management measures to provide a reliable trading environment and services for trading digital currencies and cryptocurrencies.

4.7 Groshexchange will endeavor to notify the user if through technical or other analysis means it identifies risks that may affect a users account or trading security.

4.8 Groshexchange retains the right to legally use user account information and trading data both during and after termination of the service agreement, but will not use such information illegally.

4.9 Groshexchange retains the right to delete, terminate, or stop any services and/or accounts due to changes in national laws, independent review, or other reasons without prior notice to the user.

5. No Guarantee and Liability Exemption
5.1 Groshexchange as a 'network service provider' as a provider for access to 3rd party cryptocurrencies and digital assets does not guarantee that the platform and fully meet the needs of its users.

5.2 Due to the nature of the Internet, Groshexchange does not guarantee that services will not be interrupted, delayed, or security affected by internet related network issues.

5.3 Groshexchange is not responsible for the failure to save, modify, delete, or store information published by the user.

5.4 Groshexchange allows members to post their personal opinion(s) about trades and trading on its platform. These 'opinion(s)' are written by our members from their personal point of view and do NOT reflect the opinions of Groshexchange nor does Groshexchange accept any liability as a result of user commentary.

Groshexchange may issue notices, news and announcements through any or all of the following means: Groshexchange official news page, e-mail, sms, customer service, or regular mail. Groshexchange is not liable for profit/loss as a result of such announcments.

Groshexchange at it's sole discretion has the right to change or adjust service fees, withdrawal limits, transaction fees, and promotional programs periods due to market conditions.

6. Privacy Policy
Please read the following carefully to understand our privacy policies and use of user data. By using the Groshexchange website or any of its services you agree to these terms and conditions. For the purpose of this agreement Groshexchange considers 'User Information' means use data that is collected complies with laws, regulations, or policies and is within the following scopes.
1. Access to personal data.
1.1 Due to local and international laws a user must submit personal information so we can verify their identity when signing up and becoming a member of Groshexchange.

1.2 Groshexchange may also collect data from any user of our services such as browsing our website we will collect the user browser type and version, mobile phone data, as well as IP address and login/logout, and account activities.

1.3 Groshexchange may also collect information about its users that is legally obtained through business partners or affiliates.

1.4 Groshexchange may also obtain information through other legal channels such was public information published on other websites or forums.

2 Confidentiality Agreement
2.1 Groshexchange: Will not provide your personal private data to any third party without your permission unless ordered to do so by a valid court order or otherwise required to do so by law.

2.2 In the case of legal or regulatory reporting requirements a user's personal data may be partially or fully disclosed or the user chooses on their own to disclose there personal data.

2.3 Groshexchange may be required to disclose a user's personal information to a third party in order to comply accordance with the laws, regulations and other relevant provisions of the laws of the country where the user is located, or as required by a valid administrative agency, as provided for by the administrative, judicial or other law

2.4 Groshexchange may be required to disclose other information to comply with specific laws, regulations, or other legal mandates of a user's country.

2.5 If Groshexchange makes changes to this policy we will do so in accordance with applicable laws and conditions and post notices of such changes to our website prior to the changes coming in to effect. We also recommend that you periodically review our policies as updated from time to time on our website.

7. Conflict of Choice
7.1 This Agreement will constitute the entire agreement between the parties in relation to the subject matter of this Agreement, and supersedes all previous agreements, arrangements and understandings between the parties in respect of that subject matter.

8. Contact Us!
In order to keep your personal data accurate, up-to-date and complete, please contact us. We will use reasonable methods to update, amend your personal data previously submitted on our website. For more than all, if you have other questions or questions about 'Terms of Service', please contact us: groshexchange@yahoo.com