Convert Market

A. Convert Services

1. Terms:

a. All terms and references used in this Agreement that are not defined herein shall have the meaning given to them in the Auto-Invest Terms of Use, as updated from time to time. Where a term is defined both in the Auto-Invest Terms of Use and in this Agreement, for the purposes of this Agreement only, the definition in this Agreement shall prevail, provided that in respect of any Recurring Conversions, the relevant definition in the Auto-Invest Terms of Use shall prevail.

b. In respect of Recurring Conversions: this Agreement shall be supplemented by and read together with the Auto-Invest Terms of Use; and in the event of any conflict or inconsistency between this Agreement and the Auto-Invest Terms of Use, the provisions in the Auto-Invest Terms of Use shall prevail.

c. This version of this Agreement shall replace and supersede: (i) any previous agreements between us with respect to Convert Services (as defined below); and (ii) any previous versions of this Agreement that may have been accepted through, or otherwise made available on, the Platform.

d. By accessing and using the Convert Services (as defined below), you acknowledge and agree that you have read, understood and accepted all of the terms and conditions in these terms, and to the extent relevant, the Auto-Invest Terms of Use (the “Convert Terms”) and, and you acknowledge and agree that you will be bound by and will comply with these terms. If you do not understand and accept these terms in their entirety, you should refrain from accessing or using the Convert Services.

2. Upon completion of the registration and identity verification for your PayBitoPro Account, you may be able to make use of the PayBitoPro Convert services, which enable Users to buy and sell Digital Assets based on prices provided by PayBitoPro (the “Convert Services”). Pursuant to the Convert Services, Users may provide PayBitoPro with a request:

a. to convert one Digital Asset into another Digital Asset or a particular Fiat currency into a Digital Asset (or vice versa), as applicable, based on supported trading pairs as available on the Platform (a “Conversion”); or

b. to undertake a series of Conversions on a periodic basis in accordance with User’s Specified Plan (a “Recurring Conversion”),

in each case, which PayBitoPro may, in its sole discretion, elect to accept or reject. If accepted, a transaction will be entered into between PayBitoPro and the User subject to the terms as set out in these Convert Terms and/or the Auto-Invest Terms of Use (as the case may be).

3. To request a Conversion between a supported trading pair through the Platform you may place: (i) an instant order, by specifying the type and amount of the Digital Assets or Fiat currency (each an “Asset”) to be converted and the type of Assets to be received pursuant to such Conversion (a “Convert Instant Order”); and/or (ii) a limit order, by specifying the type and amount of the Assets to be converted and the type of Assets to be received pursuant to such Conversion, the limit price at which such Conversion is to take place and the date upon which the limit order is to expire (a “Convert Limit Order”); and/or (iii) in respect of a Recurring Conversion only, an Auto-Invest Instruction together with the corresponding Specified Plan (each as defined in the Auto-Invest Terms of Use) in accordance with the Auto-Invest Terms of Use. For the purposes of the Convert Services, reference to “Platform” in these Convert Terms shall be to the digital platform made accessible via any website, page, feature, or content owned or operated by PayBitoPro, any mobile application developed or provided by PayBitoPro or any PayBitoPro API Connection (as defined below) made available to Users or any third-party application relying on such PayBitoPro API Connection or by such other means as PayBitoPro may prescribe from time to time for the use of Convert Services.

4. If you place a Convert Instant Order, PayBitoPro may (but is not obliged to) provide a non-binding, indicative and discretionary quote for the conversion (a “Convert Quote”), which you may accept or decline within such a period of time as PayBitoPro may, in its sole discretion, specify. It is your responsibility to check the competitiveness of the price and decide whether to accept the Convert Quote or not within the specified time. Your acceptance of the Convert Quote will result in the submission of a trade request to PayBitoPro for PayBitoPro to process the requested Conversion at the price provided in the Convert Quote (a “Trade Request”). Submission of a Trade Request authorizes PayBitoPro to temporarily lock the requisite amount of the User’s Assets that are to be converted until the Conversion is completed (subject to PayBitoPro’s right to reject any such Trade Request as detailed further below).

5. User’s acceptance of a Convert Quote and submission of a Trade Request does not obligate PayBitoPro to process the requested Conversion on behalf of the User. PayBitoPro may either accept or reject the Trade Request at its sole discretion, depending on market conditions and other factors at the relevant time.

6. If PayBitoPro accepts the Trade Request, PayBitoPro will guarantee the price of the requested Conversion (regardless of price movement) as well as the amount of the relevant Assets that are to be converted and provided to the User pursuant to such Conversion. PayBitoPro will settle the requested Conversion accordingly by debiting the User’s PayBitoPro Account of the agreed amount of Assets to be converted and crediting the User’s PayBitoPro Account with the agreed amount of Assets to be received pursuant to such Conversion. In most cases, the settlement will complete within seconds from the acceptance by PayBitoPro of the relevant Trade Request, however PayBitoPro does not guarantee the settlement of the Conversion within this timeframe and in some instances the settlement process may take several hours or even longer, depending on various factors, including market conditions, technical issues, etc. Once a Trade Request has been accepted by PayBitoPro, the User will not be permitted to cancel the requested Conversion or to transfer, withdraw, or otherwise trade the Assets that are the subject of such Conversion. PayBitoPro shall not be held responsible for potential loss or opportunity cost in connection with any price change of the Asset subject to the Conversion during this settlement period.

7. In respect of Convert Limit Orders, PayBitoPro may accept or reject any Convert Limit Order in its sole discretion. If PayBitoPro accepts a Convert Limit Order, PayBitoPro does not guarantee the fulfillment of the limit order, even if the market price of the relevant Asset subject to the Conversion hits or crosses the limit price set by you, as orders are executed subject to market conditions and liquidity. PayBitoPro shall not be held responsible for any potential loss or opportunity cost due to the failure to execute any Convert Limit Order in such case. If any Convert Instant Order is executed, the provisions detailed in clause 6 above with respect to the settlement of the relevant Conversion shall apply.

8. PayBitoPro has the exclusive authority to determine which Assets are listed on the Platform and are available for the purposes of a Conversion and may add or remove Assets from the Platform in its sole discretion, from time to time without prior notice. PayBitoPro may also change the order size available for a Conversion with respect to a particular Asset. In respect of such additions, removals, or amendments, PayBitoPro may, but is not obliged to, notify Users in advance and PayBitoPro shall have no liability to users in connection with such additions, removals or amendments.

9. It is recommended that Users conduct independent research into different Digital Assets prior to using Convert services and that Users take steps to ensure they understand the risks associated with the trading of Digital Assets. Users bear full responsibility for ensuring that the Convert Services are suitable for them, taking into account their own financial objectives and circumstances, and shall be solely responsible for any profit or loss sustained in connection with their use of the Convert Services. PayBitoPro does not make any representation of guarantee as to the outcome to be received by the trading of Digital Assets whether pursuant to the Convert Services or otherwise.

10. If a User is accessing the Convert Services pursuant to an API connection provided to the User by PayBitoPro (a “PayBitoPro API Connection”), the User acknowledges and agrees as follows:

a. PayBitoPro Convert supports the submission of Convert Limit Orders and Convert Instant Orders through a PayBitoPro API Connection.

b. PayBitoPro may change the endpoints of any PayBitoPro API Connection from time to time and/or may change the settings of any PayBitoPro API Connection, including to impose any particular trading limits and/or minimum order amounts with respect to specific Users, in each case at any time for any reason in its sole discretion and shall not be obliged to provide any prior notice to User of any such change;

c. PayBitoPro may restrict or terminate a PayBitoPro API Connection at any time for any reason in its sole discretion, for example, including (but not limited to) where PayBitoPro suspects that the User is using the PayBitoPro API Connection for the purposes of price arbitrage, market manipulation or is otherwise exploiting pricing provided by PayBitoPro via the Binace API Connection for the purposes of gaining a market advantage, and PayBitoPro is not obliged to provide any prior notice to User of any such restriction or termination or any reason therefor;

d. a PayBitoPro API Connection is provided “as is” and is used by a User entirely at its own risk. PayBitoPro shall not be liable for any error, malfunction, or unavailability of any PayBitoPro API Connection or any losses incurred by a User or any third party in connection with the use of (or inability to use) any PayBitoPro API Connection; and

e. if User is redistributing any prices provided by PayBitoPro through a PayBitoPro API Connection, whether in relation to the Convert Services or otherwise, PayBitoPro shall not be a party to, nor have any obligation with respect to, any transaction entered into by the User with any third party (including any customer of the User) on the basis of a price provided by PayBitoPro. User shall be solely responsible for its transactions and relationships with third parties (including its own customers), including without limitation any obligations or duties arising under applicable law or regulation. To the extent that User applies any mark-up or spread to prices received from PayBitoPro for the purposes of trading with its own customers, User shall be solely responsible for determining the amount of and appropriateness of any such mark-up or spread and PayBitoPro shall have no involvement with, or liability in relation to, any such decision or other decision regarding transactions between the User and any customer of User or other third party. Unless otherwise agreed by PayBitoPro in writing, User shall not identify PayBitoPro as the source of any prices provided to User to any third party (including User’s own customers) nor use the name “PayBitoPro” or any logo or symbol of PayBitoPro in its own marketing, communications with third parties, websites or for any other purpose.

11. PayBitoPro may rectify any error in any transaction(s) at any time, and reserve the right to void, cancel or reverse any transaction(s):

a. involving or deriving from a manifest error (that is, any error, omission or misquote (whether an error of PayBitoPro or any third party) which is manifest or palpable, including a misquote by any representative of PayBitoPro taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation) or any error that is operational or administrative; or

b. to reflect what we reasonably consider to be the correct or fair details of the transaction.

12. PayBitoPro may settle the transactions in batches, whereby transactions exceeding a certain amount shall be settled in batches (“Auto-Split”). You acknowledge and agree that the time needed to process Auto-Split may take shorter or longer than estimated. You may cancel during the processing time but the amount that has been settled cannot be canceled, you may only cancel and thereby retrieve the unsettled amount.

13. Convert Services that are not Recurring Conversions do not include trading fees when converting cryptocurrencies. PayBitoPro quotes the best available prices dynamically based on the relevant market conditions at the relevant time. The quoted prices for simple conversions include the spread, and this spread may vary from time to time. When you preview a conversion, the quoted amount of assets shown is the actual amount you will receive in your account. The system will lock this quoted price for a short period to allow you to review it before execution of the trade. Fees in respect of Recurring Conversions shall accrue and be payable in accordance with the Auto-Invest Terms of Use.