I already have some small amounts of coins stuck on exchanges that allow deposit for everyone, but require KYC to withdraw - a very scummy practice if you ask me.
Lol, some platforms allows deposits, but reject withdrawals because of users come from restricted locations. Hence, reading ToS, major parts or reading FAQ with supports from keywords are good practice to avoid stupid losses due to laziness and carelessness. 
Topic: ToS, do you read it before using new platforms? - page 3. (Read 1046 times)
I usually check the faq if it is present, it often has the most important parts of the ToS. If I do have to read ToS, I use ctrl + f and search for keywords like KYC, country restrictions, transaction limits and so on. I already have some small amounts of coins stuck on exchanges that allow deposit for everyone, but require KYC to withdraw - a very scummy practice if you ask me.
On the legal point of view sadly terms of services, user agreements, and terms and conditions are legally enforceable once both parties (the service and the user) agreed on the online list of conditions given by the service itself. What is unenforceable though is if the conditions are only listed in the FAQs section of their website and is not listed anywhere on the original terms and conditions. I say “original” because once the service have altered their own terms and conditions the user has to re-agree with it or else the new one isn't enforceable or bindable to them.
Unfortunately, smaller rules may cost you a lot. For example, the company reserves the right to add any new rule without alerting users.
Based on this rule, any new rules can be added and then impose (KYC & AML) or even conditions to ban and freeze accounts.
The more transparency the more respect to the platform. Therefore, the platform highlights basic and clear conditions before allowing users to log in, as well as put some exercises to ensure knowledge of TOS.
Based on this rule, any new rules can be added and then impose (KYC & AML) or even conditions to ban and freeze accounts.
The more transparency the more respect to the platform. Therefore, the platform highlights basic and clear conditions before allowing users to log in, as well as put some exercises to ensure knowledge of TOS.
Because its shady practices to include some important informations hidden in walls of text.
If company is honest and we can trust it, they provide most important informations in very short version aside from TOS.
Its good business practices, thats why its not needed often to read TOS.
If company is honest and we can trust it, they provide most important informations in very short version aside from TOS.
Its good business practices, thats why its not needed often to read TOS.
If I were running a site with that type of thing I wouldn't do that. I'd rather keep the info all at the same level. If you didn't then you might run the risk of customers screaming about being caught out by one of the things not highlighted enough.
If I'm risking money I do read the TOS. For everything else, of course not.
This is some
, I really admit that I also didn't read those ToS of every platform. I am just reading it once I got encountered some problems regarding with my accounts or other people who have a question about their accounts.And I know there's also a lot of people who are just contacting the support of particular website arguing about the problem they encountered and once the support quoted their TOS before creating an account, what a really huge facepalm
Number of allowable accounts: allow multi accounts/ linked-accounts or not.
I am interested in this point. As far as I know, one person only can make one account to make it fair and avoid cheating.
So, can you give me an example of platforms that allow multi accounts?
almost never read them I just read their FAQs and helpdesk section
faqs usually points out the important things from the ToS
and helpdesk Q and A contains further information on specific instance case
I'm pretty sure majority of us here don't bother reading the ToS
although some people might skim over the ToS to find specific information
I just read their FAQs and helpdesk section faqs usually points out the important things from the ToS
and helpdesk Q and A contains further information on specific instance case
I'm pretty sure majority of us here don't bother reading the ToS
although some people might skim over the ToS to find specific information
Usually I tried to read terms of service when I use any website especially if its related with money. Sometimes I read before registration and sometimes read after registration but obviously before send any funds to them. But I believe most of people's doesn't bother to read terms of service and eventually they fall in problem and make scam accusations if he/she is forum user.
So everyone should read terms of service or terms of conditions before or after registration, but before use them.
Reading terms of service on a site is a must especially if there is money related in the site so in the future you'll know what to do and you can avoid not getting your money from the site which happens to some people especially from a gambling site that a gambler played. So everyone should read terms of service or terms of conditions before or after registration, but before use them.
Because its shady practices to include some important informations hidden in walls of text.
If company is honest and we can trust it, they provide most important informations in very short version aside from TOS.
Its good business practices, thats why its not needed often to read TOS.
It is rights of companies to integrate advantageous terms of service for their platforms, to protect themselves in worst cases. I don't see anything wrong with that, but that fact reminds customers that they have to protect themselves, by reading ToS carefully. Especially, important terms that directly relates to their accounts, and their balance in accounts (will they be allowed to withdraw after making deposits), from VPS, or without KYC?If company is honest and we can trust it, they provide most important informations in very short version aside from TOS.
Its good business practices, thats why its not needed often to read TOS.
Personally, I can create my account on exchanges without reading ToS at first, because I don't lose money if I don't send money to account.
Nevertheless, after creating accounts I will do read limited withdrawals per day, with and without KYCs (I do prefer exchanges that allow withdrawals without KYCs, even at limited amount of BTC per day); then check that they include my locations in restricted location list that they reject to serve or not.
Another important thing to consider is how long inactive accounts will be frozen.
Lastly, I will find out that they accept linked accounts or not (but it does not vital thing). I will check this one only if after a period of using that platform, I fall in love with it, and want to trade on it with bigger fund.
I never usually bother reading everything. To me its like a waste of time. Imagine you are trying to sign up quickly and then you first have to agree to you have read the ToS
This is risky behavior, especially with a site you plan to perform KYC on, despoit money to, or both. If you are breaking their ToS, even without realizing it, they usually have a clause saying they will shutdown your account and you will forfeit whatever funds were in it at the time. You also really want to know how they are going to handle your documents if you plan on undergoing KYC with them (which, as always, I would advise against).The recent Binance document hack was because of lax security at a third party service which they were using to process documents for them. Their ToS clearly stated they could send users' documents to third parties for processing, although I bet the vast majority of users didn't know this. Perhaps they would have thought twice before undergoing KYC had they known. There is also no telling just how many third parties they used - one was hacked, why not the others? And of course, because these users agreed to this (even if they didn't read it) when they signed up to Binance, they have essentially zero chance of any legal recourse.
Most of them are too long to read, so that's obvious that most users never read this page before they register the site or read it after the support messaged the account holder related of breaking such terms. And mostly I did it too and read it some time after I registered. Nonetheless, if the site is related to finance the high chance that I read them first.
Because its shady practices to include some important informations hidden in walls of text.If company is honest and we can trust it, they provide most important informations in very short version aside from TOS.
Its good business practices, thats why its not needed often to read TOS.
The fact that the Terms of service of different platforms are very lengthy. I never usually bother reading everything. To me its like a waste of time. Imagine you are trying to sign up quickly and then you first have to agree to you have read the ToS
What i usually do is pick up the vital parts such as identity verification, country restrictions, conditions concerning deposits, withdrawals and the fees. That's enough for me to get started.
What i usually do is pick up the vital parts such as identity verification, country restrictions, conditions concerning deposits, withdrawals and the fees. That's enough for me to get started.
I do. I always do just to make sure I am never denied anything or that I do nbot make a mistake or something and not get paid or just genrally get myself into a situation I don't want to be in.
As soon as I see the words KYC I am gone. No need for that crap. All KYC is , is a way to monitor and control us. Take our money and make sure they try to tax us. They make a ppectical of it as if money laundery in crypto is so common (which btw it is not, it is actually not east to launder money using any method, money is laundered through fake fronts and made up over seas companies that hide behind overseas laws and stuff like that)
So that rendered KYC useless and not necessary.
People are so interested in getting your KYC but have you ever asked for theirs? Why must I give my KYC so some stranger and they won't even tell me their first name?
I also check for VPN connection. If they uptight about using a VPN for no good reason I won't use their service. (one day you login with a VPN by mistake and they close your account) rather not give them a reason.
Payment methods and withdraw restrictions.
If it is a site I fond work on I want to as least have some idea who I am working for or what I am working for if it is a company, so I research it. No point working and it turns out to be a scam.
I scrutinize projects usually ^^ Hey man my time is precious. So many of these bounty platforms are full of crap as well. You have to be so careful
Anyway, that is my experience.
As soon as I see the words KYC I am gone. No need for that crap. All KYC is , is a way to monitor and control us. Take our money and make sure they try to tax us. They make a ppectical of it as if money laundery in crypto is so common (which btw it is not, it is actually not east to launder money using any method, money is laundered through fake fronts and made up over seas companies that hide behind overseas laws and stuff like that)
So that rendered KYC useless and not necessary.
People are so interested in getting your KYC but have you ever asked for theirs? Why must I give my KYC so some stranger and they won't even tell me their first name?
I also check for VPN connection. If they uptight about using a VPN for no good reason I won't use their service. (one day you login with a VPN by mistake and they close your account) rather not give them a reason.
Payment methods and withdraw restrictions.
If it is a site I fond work on I want to as least have some idea who I am working for or what I am working for if it is a company, so I research it. No point working and it turns out to be a scam.
I scrutinize projects usually ^^ Hey man my time is precious. So many of these bounty platforms are full of crap as well. You have to be so careful
Anyway, that is my experience.
Here's your missing quote from Sportsbet:
Nobody reads all the Terms and Conditions, Terms of Service, Privacy Policy, User Policy, EULA, and so forth that they should. You would never be able to leave the house if you did. Every component in your computer has tons of legal jargon to go with it, as does the service which built your computer for you, your operating system, your browser, the websites you use, your ISP, your electricity provider, and so forth. It would take you a week just to be able to log on to this website if you insisted on reading the legal terms of everything you needed to use to get here. Companies have previously hidden cash prizes in their EULAs or similar, and it has taken months for them to be claimed despite thousands of downloads. There's also one of my favorites hidden in the Amazon Web Services Terms:
I would also recommend the following site: https://tosdr.org/ - Terms of Service; Didn't Read. It essentially provides easy to read and understand summaries of what you are agreeing to when you sign up to various sites. Unfortunately it doesn't have much crypto cover yet (Coinbase is the only site on there as far as I am aware), but a good resource nonetheless.
Quote from: https://sportsbet.io/about/terms-and-conditions
3.5. You are allowed to have only one Member Account. If you attempt to open more than one Member Account, all of your accounts may be blocked, suspended or closed and any funds credited to your account/s will be frozen.
Nobody reads all the Terms and Conditions, Terms of Service, Privacy Policy, User Policy, EULA, and so forth that they should. You would never be able to leave the house if you did. Every component in your computer has tons of legal jargon to go with it, as does the service which built your computer for you, your operating system, your browser, the websites you use, your ISP, your electricity provider, and so forth. It would take you a week just to be able to log on to this website if you insisted on reading the legal terms of everything you needed to use to get here. Companies have previously hidden cash prizes in their EULAs or similar, and it has taken months for them to be claimed despite thousands of downloads. There's also one of my favorites hidden in the Amazon Web Services Terms:
Quote from: https://aws.amazon.com/service-terms/
However, this restriction will not apply in the event of the occurrence (certified by the United States Centers for Disease Control or successor body) of a widespread viral infection transmitted via bites or contact with bodily fluids that causes human corpses to reanimate and seek to consume living human flesh, blood, brain or nerve tissue and is likely to result in the fall of organized civilization.
I would also recommend the following site: https://tosdr.org/ - Terms of Service; Didn't Read. It essentially provides easy to read and understand summaries of what you are agreeing to when you sign up to various sites. Unfortunately it doesn't have much crypto cover yet (Coinbase is the only site on there as far as I am aware), but a good resource nonetheless.
Usually I tried to read terms of service when I use any website especially if its related with money. Sometimes I read before registration and sometimes read after registration but obviously before send any funds to them. But I believe most of people's doesn't bother to read terms of service and eventually they fall in problem and make scam accusations if he/she is forum user.
So everyone should read terms of service or terms of conditions before or after registration, but before use them.
So everyone should read terms of service or terms of conditions before or after registration, but before use them.
Most of them are too long to read, so that's obvious that most users never read this page before they register the site or read it after the support messaged the account holder related of breaking such terms. And mostly I did it too and read it some time after I registered. Nonetheless, if the site is related to finance the high chance that I read them first.
What is ToS?
It is Term of Service, abbreviated as ToS.
On some platforms, there is another term that used for the same purpose, called as a User Agreement.
There are lots of things presented in ToS, but there are some vital parts that you must read them carefully before doing deposits to your accounts. Because if you are not careful, you might lose your money, and those platforms have rights to reject your deposit returns when you fraud them, or violate their rules in ToS.
Don't take risks and waste your time by trying to cheat them with VPS, multiple accounts. Eventually, you will be found, and you will lose your money (original capital or profits from tradings/ gamblings).
Like in the forum, you can not break rules, plagiarise, then ask for forgiveness after being permanent banned. On exchanges/ casinos, you can not cheat/ abuse/ break their rules and ask for supports or forgiveness.
Another method to fastly get them (but you might miss some details) is reading FAQs
Restricted locations
I give some examples from some exchanges and casinos
Bittrex
According to our Terms and Conditions, we reserve the right to terminate all the accounts onto the same IP. The rules apply to the accounts, coming from the same family, household, relative or a connected person that might be somehow linked with the acc.
My favorite things I usually do when I have intention to join new platforms, in orders of priority, is:
- Reading FAQs
- Reading Term of Service/ Term and Conditions/ User agreements. The exact phrase will depend on each platform.
Pay your attention and keep you updated with changes on KYC requirements
It is Term of Service, abbreviated as ToS.
On some platforms, there is another term that used for the same purpose, called as a User Agreement.
There are lots of things presented in ToS, but there are some vital parts that you must read them carefully before doing deposits to your accounts. Because if you are not careful, you might lose your money, and those platforms have rights to reject your deposit returns when you fraud them, or violate their rules in ToS.
Don't take risks and waste your time by trying to cheat them with VPS, multiple accounts. Eventually, you will be found, and you will lose your money (original capital or profits from tradings/ gamblings).
Like in the forum, you can not break rules, plagiarise, then ask for forgiveness after being permanent banned. On exchanges/ casinos, you can not cheat/ abuse/ break their rules and ask for supports or forgiveness.
- Restrictions, such as restricted locations
- Number of allowable accounts: allow multi accounts/ linked-accounts or not.
- Restricted activities (discover by yourself)
- Identities verification (discover by yourself)
- More things
Another method to fastly get them (but you might miss some details) is reading FAQs
almost never read them I just read their FAQs and helpdesk section
faqs usually points out the important things from the ToS
and helpdesk Q and A contains further information on specific instance case
I just read their FAQs and helpdesk section faqs usually points out the important things from the ToS
and helpdesk Q and A contains further information on specific instance case
Restricted locations
I give some examples from some exchanges and casinos
Bittrex
According to our Terms and Conditions, we reserve the right to terminate all the accounts onto the same IP. The rules apply to the accounts, coming from the same family, household, relative or a connected person that might be somehow linked with the acc.
I would also recommend the following site: https://tosdr.org/ - Terms of Service; Didn't Read. It essentially provides easy to read and understand summaries of what you are agreeing to when you sign up to various sites. Unfortunately it doesn't have much crypto cover yet (Coinbase is the only site on there as far as I am aware), but a good resource nonetheless.
My favorite things I usually do when I have intention to join new platforms, in orders of priority, is:
- Reading FAQs
- Reading Term of Service/ Term and Conditions/ User agreements. The exact phrase will depend on each platform.
Pay your attention and keep you updated with changes on KYC requirements
Search on KYC when register account is good but not enough. Companies change their policies and KYC is one of possible changes. I know some people don't log in their accounts or don't revisit company websites when they feel disappointed with loss. It is a bad behavior because risks of freeze on inactive accounts or KYC requirements.
Please see the announcement of Bitmex: Announcing the BitMEX User Verification Programme. This change is applied for international users, globally and not only in the US.
Another information need to be noted is window time of KYC verification, on Bitmex, you will be allowed to finish KYC till 12 Feb. 2021. Furthermore, pay your attention on window time to withdraw your fund if you don't want to do KYC.
Please see the announcement of Bitmex: Announcing the BitMEX User Verification Programme. This change is applied for international users, globally and not only in the US.
Another information need to be noted is window time of KYC verification, on Bitmex, you will be allowed to finish KYC till 12 Feb. 2021. Furthermore, pay your attention on window time to withdraw your fund if you don't want to do KYC.
Quote
The User Verification Programme will go live from 00:00 UTC on 28 August 2020. It will be mandatory for all BitMEX users to have completed identity verification by 12 February 2021 at 00:00 UTC in order to continue trading on our platform.
You can take a glance at the service from Pmalek and do your own double checks on ToS or FAQ pages of the casino you are interested in.
Which casinos have IP blocks in place for restricted countries?
Source: https://bitcointalksearch.org/topic/--5278411
Which casinos have IP blocks in place for restricted countries?
| Casino | Restricted Countries | Active IP Ban |
| _____________________________ | _____________________________ | _________________ |
| 1.Roobet.com 2. Coins777.com 3. Stake.com 4. btb88.com 5. PlayBitcoinGames.com 6. Chips.gg 7. JacksClub.io 8. 7XL.co 9. Sportsbet.io 10. Betcoin.ag | Germany, USA, Netherlands No Info Available France, UK, USA Germany, Switzerland, Turkey No Info Available USA, UK, Netherlands No Info Available No Info Available USA, Germany, Netherlands USA, UK | Germany - NO USA - YES Netherlands - NO - France - YES UK - NO USA - YES Germany - YES Switzerland - YES Turkey - YES - UK - NO Netherlands - NO USA - NO - - USA - YES Germany - YES Netherlands - YES USA - NO UK - NO |
| _____________________________ | _____________________________ | _________________ |
Source: https://bitcointalksearch.org/topic/--5278411
Jump to: