Terms and Conditions of Use for CoinPredict

Last updated: 2024.08.24

Welcome to CoinPredict! By using our website, you agree to the following Terms and Conditions of Use (TCU). Please read them carefully before participating in our prediction activities.

1. Overview of CoinPredict

CoinPredict is a platform where users can bet on the future price of a cryptocurrency at a specific time. Each participation in a bet costs $1, and the user whose prediction is closest to the actual price wins the total pool of bets, minus a 5% commission retained by the platform.

2. Eligibility

To use CoinPredict, you must:

Be at least 18 years old or of legal betting age in your jurisdiction.
Have a registered account on CoinPredict.
Comply with all applicable local laws and regulations regarding gambling and online betting.

3. Registration and User Account

You must create an account to participate in bets on CoinPredict.
You are responsible for maintaining the confidentiality of your login credentials and for all activities that occur under your account.
CoinPredict reserves the right to suspend or terminate your account in the event of a violation of these TCU or any suspicious activity.

4. Betting Process

Each user can participate in a bet by submitting a prediction for the price of a cryptocurrency at a time determined by the platform.
The participation fee for each bet is set at $1 per prediction.
The user whose prediction is closest to the actual price of the cryptocurrency at the specified time wins the total pool of bets, minus a 5% commission retained by CoinPredict.
Winnings are credited to the winning user’s account within 24 hours after the bet concludes.

5. Commission and Payments

CoinPredict charges a 5% commission on the total pool of bets for each prediction game.
Winnings are paid out through the payment methods available on the platform.
It is your responsibility to ensure that your payment information is accurate to facilitate the receipt of your winnings.

6. Fees and Taxes

You are solely responsible for any applicable taxes on winnings earned through CoinPredict, in accordance with the laws of your jurisdiction.
CoinPredict is not responsible for providing tax information or reporting users' tax obligations.

7. User Responsibility

You acknowledge that betting on cryptocurrency prices carries risks, and you agree to use the platform at your own risk.
CoinPredict does not guarantee the accuracy of cryptocurrency price information displayed on the platform.

8. Limitation of Liability

CoinPredict shall not be held liable for any financial losses or damages resulting from the use of the platform, except in cases of gross negligence or proven misconduct.
CoinPredict is not responsible for technical disruptions or service interruptions that may affect the betting process.

9. Termination

You may close your account at any time by contacting CoinPredict’s customer support.
CoinPredict reserves the right to suspend or terminate an account in the event of a violation of these TCU or suspected fraud.

10. Changes to the TCU

CoinPredict reserves the right to modify these Terms and Conditions of Use at any time. Changes will take effect upon their publication on the website. It is your responsibility to regularly review the TCU to stay informed of any updates.

11. Governing Law

These TCU are governed by the laws of the jurisdiction where CoinPredict is registered. In the event of a dispute, the parties agree to submit their conflict to the exclusive jurisdiction of the competent courts of this jurisdiction.

12. Contact

For any questions regarding these Terms and Conditions of Use, you can contact our customer support at: support@coinpredict.xyz.