Legal
Terms of Use
Please read these terms carefully before using the Platform because they affect your legal rights and obligations.
Governed by the laws of the Federal Republic of Nigeria
Acceptance Of Terms
The following Terms and Conditions apply to any person that registers for and/or opens a Javex Account through the Javex platform or any associated mobile or web applications, website, or APIs.
The Terms constitute a legally binding agreement between you and Javex Technologies Limited and govern your access to and use of the Javex cryptocurrency exchange platform.
By registering for and opening a Javex Account, you unconditionally accept these Terms and agree to be bound by and act in accordance with them. You also accept and agree that you are solely responsible for understanding and complying with all laws, rules, regulations and requirements of the jurisdiction in which you live.
Amendment Of Terms
Javex may amend the Terms from time to time. You should visit the terms and conditions page on the Platform regularly to check when the Terms were last updated and to review the current Terms.
We will do our best to notify you of any amendments to the Terms that we consider likely to materially affect your rights and obligations. Any such notice will be posted on the Platform or sent to the email address associated with your Javex Account.
The continued use of your Javex Account, after any amendment to these Terms, constitutes your acceptance of the Terms, as modified by such amendment.
Registration And Onboarding
Where any part of the Platform requires you to register in order to use it, you are obliged to provide accurate and complete registration information.
By opening a Javex Account, you expressly warrant and represent that:
• You are 18 years of age or over and have full capacity to accept the Terms
• You will not open, or attempt to open, a Javex Account under any name except your own
• You will not have more than one Javex Account
• You submit and consent to all verification of KYC documentation, including BVN validation and anti-money laundering checks
• You will not use your Javex Account for any illegal or prohibited activity
• You are responsible for all activities that occur under your account
• You are not a national or resident of any Sanctioned Country or Restricted Jurisdiction
Risks
Before using the Platform, you should ensure that you understand the risks involved in buying, selling or trading digital currencies. Digital currency markets are volatile and prices can fluctuate significantly, which could result in sudden and significant increases or decreases in the value of your assets.
You should carefully assess whether your financial situation and risk tolerance is suitable for buying, selling or trading digital currency. You accept and agree that you are solely responsible for any decision to buy, sell, trade or otherwise hold or deal with digital currency.
Identity Verification
Javex implements and maintains the highest standards of Know Your Customer (KYC) processes and controls as part of our commitment to combating fraud and assisting in the prevention of money laundering and terrorist financing.
Javex reserves the right to, at any time:
• Restrict or suspend your Javex Account when we consider it necessary to carry out further Identity Verification
• Terminate your Javex Account if you provide false information or refuse to provide information we require
The Javex Wallet
The Javex Wallet allows you to send, receive and store digital currency. The Javex Wallet is only available in relation to the digital currencies that Javex, in its sole discretion, decides to support.
Local Currency deposited into your Javex Wallet is solely for (1) the purchase of Supported Digital Currencies and/or (2) Withdrawal to an approved bank account.
Javex does not pay interest on Local Currency or Supported Digital Currency balances held in your Javex Wallet.
Deposits and Withdrawals
Where your identity has been verified, you may deposit Local Currency into your Javex Wallet by depositing funds into a Javex bank account.
Deposit requirements:
• You may only make a Deposit from a bank account held in your own name
• You must not allow any third party to make a Deposit into your Javex Wallet
• You must not use cash or cheques to make a Deposit
Withdrawals to the bank account of any third party are expressly prohibited.
Peer to Peer Exchange Service
Javex allows users to solicit offers to buy or sell Digital Currencies on its peer to peer (P2P Classic) marketplace.
When purchasing Digital Currencies on the Javex Peer to Peer Marketplace, there are no fees for Javex Escrow payable by Buyers.
IT IS YOUR RESPONSIBILITY TO CAREFULLY READ THE SELLER'S OFFER TERMS AND CONDITIONS AND FOLLOW THEM EXACTLY.
Sellers must verify and process payment in a reasonable amount of time. Once the Buyer has submitted payment in accordance with the offer terms, it is your sole duty to promptly verify and process the payment and then unlock the Digital Currencies from Javex Escrow.
Erroneous Transactions and Pricing Anomalies
Javex reserves the right to correct any errors in pricing, account balances, or transaction records resulting from technical malfunctions, system bugs, human error, or external disruptions.
This includes the ability to reverse or adjust trades that were executed based on such errors, even if already settled or withdrawn.
Users are obligated to promptly notify Javex if they become aware of any system malfunction, exploit, or pricing inconsistency. Failure to do so may be treated as a breach of these Terms.
Fees
The fees applicable to transactions undertaken on the Platform can be viewed on the Mobile Application. Javex reserves the right to change our fees at any time.
• Send and Receive fees may apply to Supported Digital Currency transactions
• All Withdrawals from your Javex Wallet will incur a fee
• Instant Buy and Sell fees are included in the quoted exchange rate
• Trade fees apply with a Maker/Taker fee structure
Account Security
You are solely responsible for:
• Maintaining adequate security and control over your Javex Account sign-in details
• Enabling any additional security features available to you, including two factor authentication
• Keeping your contact details up to date
• Maintaining security and control over the email, phone number and 2FA applications associated with your account
Javex shall have no liability for any unauthorized access to your Javex Account where such access was due to no fault of Javex.
Prohibited Activities
You must not use your Javex Account to undertake any of the following activities:
• Violation of any laws, statutes, ordinance or regulations
• Undertaking, facilitating or supporting criminal activity including money laundering, terrorist financing, illegal gambling or malicious hacking
• Abusive activity, including imposing unreasonable load on infrastructure or attempting unauthorized access
• Supporting pyramid schemes, Ponzi schemes, or high-yield investment programmes
• Fraudulent activity or providing false, inaccurate, or misleading information
• Transactions involving TOR markets, online gambling sites or mixers
• Sale or purchase of narcotics or controlled substances
• Intellectual property infringement
Closure, Restriction and Termination
You may close your Javex Account by submitting a closure request via the Help Centre. Javex will action such requests once certain requirements are met to protect you from loss.
Javex reserves the right to restrict, suspend or terminate your Javex Account where we reasonably suspect unlawful, fraudulent or prohibited activity, money laundering, security issues, or legal/regulatory requirements.
Financial Advice and Taxes
Under no circumstances does any information on the Platform constitute financial, investment or other professional advice. You are solely responsible for any decision to store, buy or sell digital currency.
You are solely responsible for determining whether any taxes apply to transactions you carry out through your Javex Account, and for withholding, collecting, reporting and remitting the correct amounts of tax.
Dispute Resolution
This Terms and each Transaction entered into with you is governed by the laws of the Federal Republic of Nigeria.
In the event of any dispute between the Parties arising in connection with your use of the Platform, the dispute shall be referred to arbitration and shall be finally settled in accordance with the Arbitration and Mediation Act (AMA) 2023 by a Sole Arbitrator.
The seat of arbitration shall be Lagos, Nigeria and proceedings shall be conducted in the English language.
Contact Information
If you have questions about these Terms of Use, please contact us:
Javex Technologies Limited
Lagos, Nigeria
Email: support@javex.app
Phone: +234 901 122 0027
Support: Available 24/7 through in-app chat
Have Questions?
Our support team is available 24/7 through in-app chat or via the details below.
