Paxful Earn Terms of Service
PLEASE READ THIS AGREEMENT CAREFULLY. By using the Paxful Earn service, you agree to be bound by these supplemental "Paxful Earn Terms of Service" and you acknowledge and agree that you have carefully and thoroughly read, understood, and accepted all of the terms and conditions contained herein, which is in addition to the Paxful Terms of Service (the "Agreement"). Any capitalized terms used but not defined below have the meaning prescribed in the Agreement. Should any conflict arise between the Agreement and the Paxful Earn Terms of Service during or related to your use of the Paxful Earn service, the latter shall control.
- About Paxful Earn
The Paxful Earn service is a referral mechanism that allows you, a qualifying Paxful user, to transfer your Digital Assets to a partner’s platform (the "Earn Counterparty"), where you can earn interest for holding select Digital Assets in its wallets.
- Referral Mechanism
The Paxful Earn service is a limited purpose referral mechanism available through the Paxful platform. By indicating your interest in participating in Paxful Earn, you authorize Paxful to share with Earn Counterparty your Paxful account information and personally identifying information solely for the purposes of facilitating Earn Counterparty’s assessment of your eligibility to participate in the Paxful Earn service. This information may include, but is not limited to, your name, date of birth, and state and country of residence. Earn Counterparty may ask for additional information. You must then follow the provided prompts in order to submit any additional information. Earn Counterparty may store, access, transfer or use your personal information differently than we do. If you do not wish to share personally identifying information with Earn Counterparty, you should not participate in Paxful Earn.
Following verification, you may choose the type(s) of Digital Assets and associated rewards offered by the Earn Counterparty for deposit. Once you choose to deposit Digital Assets, the Digital Assets will be frozen in your Paxful wallet and transferred to the Earn Counterparty’s platform. The Digital Assets deposited, as well as the interest accrued, are available for you to view through the My Wallet / Earn page on Paxful’s platform.
The interest earned by Users is determined by, and subject to the rules of, the Earn Counterparty and may be changed or modified by the Earn Counterparty at its sole discretion. By entering into a transaction with the Earn Counterparty you agree to be bound by the Earn Counterparty’s Terms of Service. The Earn Counterparty Terms of Service are valid in all cases except when they contradict or violate the Agreement, these Paxful Earn Terms of Service, are illegal, are unreasonable or otherwise difficult to comply with (as determined in Paxful’s sole and absolute discretion), or if you and the Earn Counterparty consent to alter the Earn Counterparty Terms. IT IS YOUR RESPONSIBILITY TO CAREFULLY READ THE EARN COUNTERPARTY TERMS AND FOLLOW THEM EXACTLY. IF YOU DO NOT FOLLOW THE EARN COUNTERPARTY TERMS, YOUR TRANSACTION MAY BE DENIED. NEVER ENTER INTO A PAXFUL EARN SERVICE TRANSACTION UNLESS YOU HAVE FOLLOWED ALL TERMS AND CONDITIONS LISTED. IF YOU FAIL TO FOLLOW THE TERMS AND CONDITIONS, PAXFUL MAY NOT BE ABLE TO ASSIST YOU IN A DISPUTE PROCESS TO RECOVER YOUR FUNDS.
Paxful will always be transparent about our fees. Any fees will apply to your use of Paxful's service. For more information and updates on conversion fees, please refer to our Help Center.
- Qualifying Accounts and Restricted Jurisdictions
The Paxful Earn service has been made available only to those users that qualify for the service. Paxful reserves the right to prohibit or modify the Paxful Earn service for any Paxful user, and the Earn Counterparty may reject any transaction with any Paxful user. In addition to the Restricted Jurisdictions as set forth in Section 2.7 of our Terms of Service, the Paxful Earn service is not available to users residing in the State of Texas, as well as any other country or state where prohibited by the Earn Counterparty’s terms of service.
- NO WARRANTY, LIMITATION OF LIABILITY & ASSUMPTION OF RISK
THE PAXFUL EARN SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY GUARANTEES, REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PAXFUL SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. PAXFUL DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE WEBSITE, ANY PART OF THE SERVICES, OR ANY OF THE MATERIALS CONTAINED THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE. PAXFUL IS NOT LIABLE FOR ANY FAILURES OF THIRD-PARTY SOFTWARE OR TECHNOLOGIES, ANY DISRUPTION OR ANY LOSS A USER MAY SUFFER. YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE NOT RELIED UPON ANY OTHER STATEMENT OR UNDERSTANDING, WHETHER WRITTEN OR ORAL, WITH RESPECT TO YOUR USE AND ACCESS OF THE SERVICES AND WEBSITE. WITHOUT LIMITING THE FOREGOING, YOU HEREBY ACKNOWLEDGE AND ACCEPT THE VARIOUS RISKS INHERENT TO USING DIGITAL CURRENCY INCLUDING BUT NOT LIMITED TO REGULATORY RISK, HARDWARE FAILURE, SOFTWARE ISSUES, INTERNET CONNECTION FAILURE, MALICIOUS SOFTWARE, THIRD PARTY INTERFERENCE LEADING TO LOSS OR LACK OF ACCESS TO YOUR ACCOUNT OR WALLET AND OTHER USER DATA, SERVER FAILURE OR DATA LOSS. YOU ACCEPT AND ACKNOWLEDGE THAT PAXFUL WILL NOT BE RESPONSIBLE FOR ANY COMMUNICATION FAILURES, DISRUPTIONS, ERRORS, DISTORTIONS OR DELAYS YOU MAY EXPERIENCE WHEN USING THE SERVICES, HOWEVER CAUSED.
IN NO EVENT SHALL PAXFUL, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, ADVISORS, CONSULTANTS OR REPRESENTATIVES, BE LIABLE (A) FOR ANY AMOUNT GREATER THAN THE VALUE OF TOTAL FEES PAID BY YOU FOR THE SERVICE THAT IS SUBJECT OF THE CAUSE OF ACTION IN THE TWELVE (12) MONTHS PRIOR TO THE LOSS ARISING OR (B) FOR ANY LOST PROFITS, DIMINUTION IN VALUE OR BUSINESS OPPORTUNITY, ANY LOSS, DAMAGE, CORRUPTION OR BREACH OF DATA OR ANY OTHER INTANGIBLE PROPERTY OR ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH AUTHORIZED OR UNAUTHORIZED USE OF THE SITE OR THE SERVICES, OR THIS AGREEMENT, EVEN IF AN AUTHORIZED REPRESENTATIVE OF PAXFUL HAS BEEN ADVISED OF OR KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE, EXCEPT TO THE EXTENT OF A FINAL JUDICIAL DETERMINATION THAT SUCH DAMAGES WERE A RESULT OF PAXFUL'S GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT OR INTENTIONAL VIOLATION OF LAW. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
You acknowledge and agree that Paxful is acting as an interface provider for this Paxful Earn service. You further acknowledge that Paxful has no control over, nor shall Paxful be liable for the underlying interest-generating programs provided by the Earn Counterparty. Paxful shall not be responsible for any losses incurred as a result of smart contract vulnerabilities, hacking incidents, or suspension, discontinues, or termination of business, bankruptcy, abnormal suspension or cessation of trading of Earn Counterparty or other potential risks. You agree to bear all the relevant risks associated with the Earn Counterparty platform and all the losses you may incur as a result of the abovementioned risks. If you incur any loss as a result of the occurrence of the abovementioned risks, you agree that the corresponding part of frozen funds you lost in your account shall be forfeited to the extent of the damage or loss so caused.
You agree and accept that if any part of the Paxful Earn service provided by Paxful or the Earn Counterparty are not accessible or are interrupted due to the following circumstances, Paxful shall not be liable for any of your or any third parties’ losses (including but not limited to any direct, indirect, or possible loss of profits) as a result therefrom:
- Earn Counterparty’s suspension, discontinuity, closedown or termination of its business;
- Service suspension for maintenance as announced by Earn Counterparty or Paxful;
- System failure in transmitting data;
- Force majeure or other accidents caused by unforeseeable, unavoidable, and unsolvable circumstances, such as typhoon, earthquake, tsunami, flooding, plague, power outage, war, turmoil, government actions, terrorist attacks, etc., that lead to the suspension of Paxful or the Earn Counterparty platforms;
- Service failure, interruption or delay arising from hacking, computer virus, technical adjustment or failure, website upgrade, banking issues, or temporary closure arising from government regulations;
- Service failure, interruption, delay, no system response, or delayed system response caused by the computer system of the Earn Counterparty platform or Paxful being damaged, defective or otherwise unable to perform normally;
- Abnormal technical problems that cannot be predicted or solved by existing technical forces in the industry;
- The fault or delay of any third parties; or
- Changes in any applicable laws, regulations, or government orders.
You further agree and accept that the occurrence of the above circumstances may lead to abnormal transactions, market interruptions, and other possible abnormal circumstances, and Paxful reserves the right to refuse to execute your transaction at its sole discretion.