GENERAL TERMS
The following Rules about the Bit Deposit stipulate the manner of accepting
deposits, withdraws, payings, and resolving disputes, as well as the specific features.
These Rules shall govern any other relations between the Bit Deposit management and the
customer. These Rules shall apply to interaction on the website.
- User can change their 1xBit password but when they change it they must provide the right
information to our support team. Otherwise, their withdrawal will reject.
- User can set security question on their 1xBit account but when they set it they must
provide the information to our support team.
- User cannot use two-factor authentication and Email verification on their 1xbit account.
The management reserves the right to ban the betting account that uses this kind of
security option.
- In Bit Deposit, users can verify only one account with a number.
- Logging in multiple IDs simultaneously on the same phone or app is strictly prohibited
by Bit Deposit.
DEFINITIONS
- User - is an individual transacting money through the website.
- 1xBit - is a betting site where the user places their bets
- Deposit - is a financial term that means top-up money in a betting account.
A deposit is a transaction involving a transfer of money to the betting site.
- Withdrawal - A withdrawal involves removing funds from a betting account.
In some cases, conditions must be met to withdraw.
- Status - When the user submitted a request to the system but is not yet
completed, called Pending. When a pending request is canceled by the user, that’s called
Removed. When the management finds the request made by the person is reasonable &
accepts it, called approved. When a pending request is canceled by the management for a
logical cause, that’s called Removed.
- Remark - a logical statement of approving or rejecting a user’s request.
- Transaction Type - is a field in the system used to represent which gateway
the user chooses for the transaction he makes.
- Transaction Number - is a field in the system used to represent the number
in which the money is taken in.
- TrxID/ Number - means a unique number that is used to track transactions.
INFORMATION TYPE
The information and data about you that we may collect, use, and process include
the following:
- Information that you provide to us by filling in forms on the Website or any other
information you submit to us via the Website.
- Records of correspondence, whether via the Website, email, WhatsApp, or other means.
- Details of the transactions you carry out with us, whether via the Website, WhatsApp, or
other means.
USES OF INFORMATION
We may use your personal information and data together with other information
for the purposes of
- processing your deposits and withdrawals
- setting up, operating, and managing your account
- complying with our legal and regulatory duties
- carrying out customer analyses
- providing you with information about offers and services, where you have consented
- monitoring transactions for the purposes of preventing fraud, money laundering, and
cheating.
DISCLOSURES
We are entitled to share the information we hold on you which includes personal data and
history in order to investigate fraud and money laundering.
BONUS PROGRAMS
The information and data about you that we may collect, use, and process include
the following:
- This section provides information about the bonus programs offered by the.
- The management is entitled to change the terms and conditions of bonuses, to suspend or
terminate them at any time.
BONUS ABUSE
- Customers are forbidden from abusing bonus offers. The following bonus-to-deposit ratios
are considered to be abuse. In the event of such abuse, the Company has the right to
prohibit offending customers from receiving any bonuses and to cancel any winnings
obtained using bonus funds both during and after wagering.
- The management reserves the right to monitor customers’ transaction histories and logs
for any reason and at any time. If evidence of bonus abuse on a customer’s part is
discovered during verification, the bookmaker has the right to cancel the offending
customer’s bonuses.
- If the management determines that a customer is using deposit strategies of which the
management does not approve when wagering a bonus, the management has the right to
penalize that customer and exclude them from the current and all subsequent offers.
- If the management discovers evidence of bonus abuse, it has the right to take the
following measures against the offending customer: cancel all current bonuses and bonus
winnings, and block the user's account.
