As used herein, “Buroka” refers to the company Buroka Tech SRL, including but not limited to, its owners, directors, investors, employees or other related parties.
The User is solely responsible for understanding and complying with any and all laws, rules and regulations of his/her specific jurisdiction that may be applicable to the User in connection with the use of all services, products and content of Buroka.
1.1.1. Account: means an account registered by the User on the Buroka Platform.
1.1.2. Buyer: means the User who submits an Order to buy Cryptocurrencies through the Platform.
1.1.3. Commission: means a fee charged by or on behalf of any third party (e.g. bank, non-bank financial institution, payment service provider, etc).
1.1.4. Cryptocurrency: means peer-to-peer decentralized digital representation of value (e.g. bitcoin, litecoin, ethereum, etc.).
1.1.5. Deposit: means a Transaction involving a transfer of Funds to the Account.
1.1.6. Fiat currency: means government-issued currency, that is designated as legal tender in its country of issuance through government decree, regulation, or law.
1.1.7. Funds: means Cryptocurrency and/or Fiat currency.
1.1.8. Margin Trading: means leverage trading when the User may trade with borrowed Funds instead of his/her own (i.e. open a position using less of own Funds than this position actual amount).
1.1.9. Order: means a User’s instruction to buy or sell Cryptocurrency on certain conditions.
1.1.10. Platform: means an environment created by Buroka that allows to trade Cryptocurrencies.
1.1.11. Rollover fee: means estimated fee that is charged by Buroka from the User’s balance to rollover a position for the next 4 hours.
1.1.12. Seller: means the User who submits an Order to sell Cryptocurrencies through the Platform.
1.1.13. Services: mean all and any service provided by Buroka.
1.1.14. Site: means Buroka website at https://www.buroka.com
1.1.15. Storage: means Buroka service, which includes storing of (i) balances (in Fiat currency and/or in Cryptocurrency) from the abandoned Accounts, (ii) no longer supported cryptocurrencies.
1.1.16. Transaction fee: means a fee which is payable to Buroka for each completed Transaction.
1.1.17. Transaction Price: means the total price paid by the Buyer in respect to each Transaction performed via the Service.
1.1.18. Transaction: means (i) transfer of Cryptocurrencies or Fiat currencies by the User to his/her Account (“Deposit Transaction”); (ii) transfer of Cryptocurrencies or Fiat currencies among the Users (“Trading Transaction”), (iii) withdrawal of Cryptocurrencies or Fiat currencies from his/her Account (“Withdrawal Transaction”).
1.1.20. Voucher: means an alphanumeric redeemable code, which can be used for designated purposes specified in each instance..
1.1.21. Withdrawal: means a Transaction involving a transfer of Funds from the User’s Account to his/her bank account or to account opened in any other financial institution.
1.2. Where the context so admits words denoting the singular shall include the plural and vice versa.
2.1. The Services allow all Users of the Platform purchase and sale of Cryptocurrencies.
2.2. Depending on the User’s place of residence, the User may not be able to use all the functions of the Site. It is the User’s responsibility to follow those rules and laws in his/her place of residence and/or place from which the User accesses this Site.
2.3. The User acknowledges and agrees that, when completing Trading Transactions, he/she is trading with other Users, and that Buroka acts only as an intermediary in such Transactions, not as counterparty to any trade.
3.3. The User undertakes to comply with any and all applicable laws and regulations related to the use of the Services.
3.4. The User undertakes to monitor all and any changes on his/her Account, including but not limited to the balance matters.
3.6. The User agrees that, whenever the Transaction is made, the Platform sends and receives the monetary sums and/or cryptocurrencies to/from the Buyer’s and the Seller’s Accounts opened in their name and on their behalf.
3.7. The User undertakes to notify Buroka immediately of any unauthorized use of his/her Account or password, or any other breach of security by email addressed to [email protected] Any User who violates the mentioned rules may be terminated, and thereafter held liable for losses incurred by Buroka or any user of the Site.
3.8. The User undertakes not to use the Service to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, financing terrorist organizations, or malicious hacking.
3.9. The User is responsible for any and all damages caused and all liability actions brought against Buroka for infringement of third party rights or violation of applicable laws.
3.11. Users are solely responsible for determining whether any contemplated Transaction is appropriate for them based on their personal goals, financial status and risk willingness.
3.12. All added payment instruments to your Account, may it be a bank account, credit card, debit card, or others must be named after the Account holder. Any attempt otherwise will be considered as fraud.
4.1. By registering an Account, User expressly represents and warrants that he/she:
4.2. The User represents and warrants that he will only use the Platform to perform Transactions in accordance with the conditions set forth in these Terms and that they are duly authorised and have the capacity to enter into the Transactions on the Platform.
4.3. The User represents and warrants that both Fiat currency and cryptocurrency deposited to the Account belong to the User and derived from legal sources.
4.4. The User represents and warrants than he/she will withdraw any cryptocurrency from his/her Account only to his/her wallets, otherwise Buroka does not hold any liability for the consequences of such withdrawal.
4.5. The User represents and warrants that all Transactions being carried out do not violates the rights of any third party or applicable laws.
5.3. Buroka’s responsibility shall be limited to using reasonable technical efforts to ensure the receipt of the cryptocurrency transferred. When initiating cryptocurrency transactions to a user who is not the Buroka User, Buroka responsibility shall be further limited to ensuring the transfer of the necessary technical data to the cryptocurrency network.
5.5. Buroka is not responsible for any malfunction, breakdown, delay or interruption of the Internet connection, or any reason why our site is unavailable at any given time.
5.6. In the case of fraud, Buroka undertakes to report all the necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law. Users recognize that their account may be frozen at any time at the request of any competent authority investigating a fraud or any other illegal activity.
5.7. Nothing in these terms excludes or limits the responsibility of Buroka for fraud, death or personal injury caused by its negligence, breach of terms implied by operation of law, or any other liability which may not be limited or excluded by law.
6.2. All buy and sell orders made on the Platform, will be managed in an anonymous manner so that Buyers and Sellers are not acquainted with each other. The Transaction Price is calculated on the basis of actual orders filled by Buroka as a direct irrevocable instruction from Buyers and Sellers on the Platform combined with the applicable Transaction fees.
6.3. Buroka represents and warrants that once the orders to buy or sell Cryptocurrencies are submitted, such orders may not be cancelled or reversed. It holds all Cryptocurrencies transferred and acquired by each User in his/her Account and on the respective User's behalf.
7.1. All content on this Site is the property of Buroka and is protected by copyright, patent, trademark and any other applicable laws, unless otherwise specified hereby.
7.2. The trademarks, trade names, service marks and logos of Buroka and others used on the Site (hereinafter the “Trademarks”) are the property of Buroka and its respective owners. The software, applications, text, images, graphics, data, prices, trades, charts, graphs, video and audio materials used on this Site belong to Buroka. The Trademarks and other content on the Site should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, no matter manual or automated. The use of any content from the Site on any other site or a networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate copyright, patent, trademark and any other applicable laws and could result in criminal or civil penalties.
7.3. Buroka supports the protection of intellectual property. If you would like to submit (i) a trademark claim for violation of a mark on which you hold a valid, registered trademark or service mark, or (ii) a copyright claim for material on which you hold a bona fide copyright, please send us an email to [email protected]
8.1. Identification and verification procedures (also known as 'Know Your Customer' or ' KYC') are required for all Transactions, which involve Fiat currency. On its sole discretion Buroka may apply mentioned KYC procedures to Users, who make Transactions exclusively in Cryptocurrency. If the User refuses to provide required documents and information, Buroka reserves the right to immediately terminate Services provision to the User.
8.2. You undertake to provide Buroka with correct and relevant documents and personal information contained therein. In case the User provides counterfeit documents and false personal information, such behavior will be interpreted as a fraudulent activity.
8.3. You hereby authorise Buroka to, directly or indirectly (through third parties) make any inquiries we consider necessary to check the relevance and accuracy of the information provided for verification purposes.
9.1. The Site is for the User’s personal and non-commercial use only. Buroka is vigilant in maintaining the security of the Site and the Service. By registering with Buroka, the User agrees to provide Buroka with current, accurate, and complete information about him/herself as prompted by the registration process, and to keep such information updated.
9.2. The User is allowed to register only one Account on the Platform. Thus, any additional Account may be suspended.
9.3. The User agrees that he/she will not use any Account other than his/her own, or access the Account of any other User at any time, or assist others in obtaining unauthorized access.
9.4. Buroka reserves the right to recommend amount limits for Account funding/withdrawal. Buroka could recommend daily, monthly and per one-transaction amount limits.
9.5. The User is responsible for maintaining the confidentiality of information on his Account, including, but not limited to his password, email, wallet address, wallet balance, and of all activity including Transactions made through his Account. If there is suspicious activity related to the User’s Account, Buroka may request additional information from the User, including authenticating documents, and freeze the Account for the review time. The User is obligated to comply with these security requests, or accept termination of his Account.
9.6. The creation or use of Accounts without obtaining the prior express permission from Buroka will result in the immediate suspension of all respective Accounts, as well as all pending buy/sell orders. Any attempt to do so or to assist others (Users or other third parties), or the distribution of instructions, software or tools for that purpose, will result in termination of such Users’ Accounts. Termination is not the exclusive remedy for such a violation, and Buroka may decide to take further action against the User.
9.7. In case if it has been more than six (6) months since the User signed in with his/her Account or made the Funds deposit, Buroka has the right to qualify this Account as abandoned. In that case Storage fee will be applied to such Account with seven (7) days prior email notification to the User. Buroka will charge the Storage fee set forth herein. Abandoned Accounts with zero balances shall be deactivated.
9.8. The User has the right to claim his/her assets back and Buroka undertakes to return such assets to the User charging its commission for assets return indicated in Section 12 hereof.
10.1. The Platform allows the User to submit Orders to purchase or sell Cryptocurrencies.
10.2. The User recognizes that an Order should only be submitted after careful consideration and the User understands and accepts consequences of its execution. The User agrees that as soon as the Order is submitted, such transaction is irreversible and may not be cancelled. Transactions will be executed instantly subject to availability of the cryptocurrency in the market at the requested price, without prior notice to the Seller or the Buyer, and will be considered to have taken place at the execution date and time.
10.3. Minimum and maximum order amount vary for each trading pair, and can be seen on the Trade Page when placing an Order.
10.4. The User acknowledges and agrees that Deposit and Withdrawal Transaction in Fiat currency may be delayed due to bank verifications and checks, for a period up to one (1) month. Similarly and due to the inherent nature of the cryptocurrency networks, the User acknowledges and agrees that depositing and withdrawing Cryptocurrencies into/from his/her Account may take between one (1) hour and twenty-four (24) hours, barring unforeseen or unavoidable network issues.
10.5. Unverified users are not allowed to withdraw any Cryptocurrencies from their Account within forty-eight (48) hours after the Account was created.
10.6. In case if the User discovers transaction activity, including but not limited to unknown deposits and withdrawals, on his/her Account that was not initiated by the User, the User shall immediately notify Buroka of this fact and follow the instructions sent by Buroka. Otherwise, Buroka reserves the right to freeze the Account until the end of investigation.
10.7. Buroka may be forced to cancel or recall already executed Withdrawal Transaction at a request of financial institutions, including but not limited to banks, which are involved in settlement of such Transactions. In such cases the User obliges to cooperate with Buroka in order to discover the reasons for such request.
10.8. Minimum deposit amount for Ethereum (ETH) is 0.001. If the amount is less than 0.001, the funds will not be credited to your Account.
11.1. Storage fee is charged by Buroka for storing any cryptocurrency as well as fiat currency until assets are claimed back by the User or the Account goes to a zero balance.
11.2. Storage fee is charged on the daily basis as follows:
|USD||2 per day|
|BTC||0.003 per day|
11.3. In case if the User wants to claim his/her assets back it should be done via request to [email protected] After Buroka receives such request it will send an appropriate instruction to the User.
11.4. Buroka holds the right to change the Storage fee, as well as the way of its charge off.
12.1. The User agrees to pay Buroka the Transaction fee for each completed Transaction.
12.2. Prior to trading, the User must consider Transaction fee rates published on Buroka website. However, Buroka reserves the right to change Transaction fee rates from time to time publishing updates on Buroka website.
12.3. Transaction fee amount is automatically charged off in the currency indicated after symbol “/” in the trading pair after the relevant Transaction. Thus, for BTC/USD, the fee charged in USD; for LTC/BTC, the fee charged in BTC.
12.4. The minimum transaction fee equals to minimum currency amount. For fiat currency it equals to 0.01, for Cryptocurrency it depends from currency. Transaction fee is charged according to the Rounding policy.
12.5. Minimum and maximum price, as well as minimum and maximum order amount vary for each trading pair, and can be seen on the Trade Page when placing an order.
12.6. For specific type of orders, the Transaction fee may differ from those published on the 'Fee Schedule' page. Transaction fee rate shall be disclosed before the order execution.
12.7. The Transaction fee, other charges, as well as the charge procedure can be changed/reviewed unilaterally by Buroka from time to time and such changes shall become effective the moment they are posted on the Site.
13.1. For all financial calculations, Buroka uses a rounding policy in the favour of the Platform. Buroka rounds the fiat currencies to the 2nd digit after the separator. Rounding policy for cryptocurrencies varies depending on cryptocurrency.
13.2. For the purpose of the processes optimization, transactions on the Platform with regard to some items (including, but not limited to currencies, cryptocurrencies, etc.) will not be reflected at the User’s Account and will appear as soon as a unit is whole in accordance with the rounding standards.
13.3. Nevertheless, all units that were mined, even the smallest one, will be taken into account and preserved internally within the system.
13.4. Cryptocurrencies with rounding to 8th digit after separator are BTC, LTC, NMC.
13.5. Cryptocurrency with rounding to whole unit is DOGE.
DOGE in amount of 1.12345678 will be reflected as 1.00 at the User’s Account, i.e. transaction in amount 0.123 will not be reflected and shown to the User, until such amount is 1.
14.1. Buroka reserves the right to suspend or terminate your Buroka Account at any time if we reasonably believe to be required to do so by the law or in order to comply with recommendations issued by a relevant government authority or recognized body for the prevention of financial crime.
14.2. It is strictly forbidden to use the Account for any illegal purposes. Buroka will report any suspicious activity to the relevant law enforcement.
14.3. The User shall ensure that it does not use the Services for transactions relating to:
15.1. The User is responsible for maintaining the confidentiality of his/her Account’s credentials, including, but not limited to a password, email, wallet address, balance, and of all activity including Transactions made through the Account.
15.2. Buroka personnel will never ask the User to disclose his/her password. Any message the User receives or website that he/she visits that asks for the password, other than the Buroka Site, should be reported to Buroka. If the User is in doubt whether a website is genuine, it is required to ensure the website is EV SSL compliant (Security Certificate Validation is shown in the address bar of a web browser).
15.3. It is advisable to change the User’s password regularly (at least every three (3) to six (6) months) in order to reduce the risk of a security breach in relation to the Account. Buroka also advises the User not to choose a password that is easily guessed from information someone might know or gather about the User or a password that has a meaning. The User must never allow anyone to access his/her Account or watch the User accessing his/her Account.
15.4. If the User has any security concerns about his/her Account, login details, password or other security feature being lost, stolen, misappropriated, used without authorization or otherwise compromised, the User is advised to change the password. The User must contact Support Service without undue delay on becoming aware of any loss, theft, misappropriation or unauthorized use of the Account, login details, password or other security features. Any undue delay in notifying Buroka may not only affect the security of the Account, but may result in the User being liable for any losses as a result. If the User suspects that someone else accessed his/her Account, the User should also contact an appropriate government agency and report the incident.
15.5. The User must take reasonable care to ensure that his/her e-mail account(s) are secure and only accessed by the User, as his/her e-mail address may be used to reset passwords or to communicate with the User about the security of the Account. Buroka cannot be liable for the breach of an e-mail account resulting an unauthorized Transaction to be executed with proper confirmation. In case any of the e-mail addresses registered with the User’s Accounts are compromised, the User should without undue delay after becoming aware of this contact Support Service and also contact his/her e-mail service provider.
15.6. Irrespective of whether the User is using a public, a shared or his/her own computer to access the Account, the User must always ensure that his/her login details are not stored by the browser or cached or otherwise recorded. The User should never use any functionality that allows login details or passwords to be stored by the computer he/she is using.
15.7. Additional products or services the User uses may have additional security requirements and the User must familiarize with those as notified to him/her.
15.8. Two-factor authentication must be enabled in order to make any Withdrawal Transactions.
16.3. Buroka also reserves the right to cancel unconfirmed Accounts or Accounts that have been inactive for a period of six (6) months or more, and/or to modify or discontinue our Site or Service. The User agrees that Buroka will not be liable to them or to any third party for termination of their Account or access to the Site.
16.4. The suspension of the Account shall not affect the payment of the Transaction fees due for past Transactions. Upon termination, the User shall provide a valid bank account details or cryptocurrency address to allow the transfer of any currencies deposited to his/her Account. Buroka shall transfer the currencies as soon as possible following the User's request in the time frames specified by Buroka.
16.5. Buroka will send the credit balance of the User’s Account to him/her, however in circumstances a number of intermediaries may be involved in an international payment and these or the beneficiary bank may deduct charges. Buroka will use reasonable efforts to ensure that such charges are disclosed to the User prior to sending the payment; however where they cannot be avoided, the User acknowledges that these charges cannot always be calculated in advance, and that he/she agrees to be responsible for such charges.
17.1. All Services are provided “AS IS”, without guarantees of any kind, either express or implied.
17.2. Buroka will strive to keep the Site up and running; however, all online services suffer from occasional disruptions and outages, and Buroka is not liable for any disruption or loss you may suffer as a result. Thus, Buroka does not provide any guarantees that access to the Site will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information.
18.1. If available, API requests are limited to 600 requests per 10 minutes. If this limit is exceeded, it may result to the ban for 10 minutes. For example, if you perform 600 queries in the first minute, the next query is possible only after 9 minutes + 1 second.
18.2 Buroka may provide widgets for the User’s use to put our data on the User’s Site. The User is free to use widgets in their original unmodified and unaltered state.
Buroka does not provide any financial, investment or legal advices in connection with the Services provided by Buroka. Buroka may provide information on the price, range, volatility of Cryptocurrencies and events that have affected the price of Cryptocurrencies, but it should not be considered as an investment or financial advice and should not be construed as such. Any decision to buy or sell Cryptocurrencies is the User’s decision and Buroka will not be liable for any loss suffered.
20.1. The User undertakes to pay all his/her taxes and duties, which can be resulted from the use of Buroka Services and should be paid according the User’s state of residence regulations.
20.2. Buroka cannot be responsible for any violation made by the User due to his/her obligation to calculate and pay taxes and duties.
21.1. Buroka reserves the right to send notices to, and communicate with the User by any means of communication, available to Buroka, considering the contact details provided by the User.
23.1. IN NO EVENT SHALL Buroka, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND ALL THIRD PARTY SERVICE PROVIDERS, BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING ANY THAT MAY RESULT FROM (I) THE ACCURACY, COMPLETENESS, OR CONTENT OF THIS SITE, (II) THE ACCURACY, COMPLETENESS, OR CONTENT OF ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (III) THE SERVICES FOUND AT THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IV) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, (V) THIRD-PARTY CONDUCT OF ANY NATURE WHATSOEVER, (VI) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY AND ALL CONTENT, PERSONAL INFORMATION, FINANCIAL INFORMATION OR OTHER INFORMATION AND DATA STORED THEREIN, (VII) ANY INTERRUPTION OR CESSATION OF SERVICES TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (VIII) ANY VIRUSES, WORMS, BUGS, TROJAN HORSES, OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IX) ANY USER CONTENT OR CONTENT THAT IS DEFAMATORY, HARASSING, ABUSIVE, HARMFUL TO MINORS OR ANY PROTECTED CLASS, PORNOGRAPHIC, “X-RATED”, OBSCENE OR OTHERWISE OBJECTIONABLE, AND/ OR (X) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF YOUR USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT BUROKA IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THIS SITE OR THE SERVICES FOUND AT THIS SITE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE SUCH CAUSE OF ACTION SHALL BE PERMANENTLY BARRED. IN ADDITION, YOU SPECIFICALLY ACKNOWLEDGE AND AGREE THAT IN NO EVENT SHALL BUROKA’S TOTAL AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT PAID BY YOU FOR THE PARTICULAR SERVICES THAT ARE THE SUBJECT OF THE CAUSE OF ACTION. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW, AND SHALL SURVIVE ANY TERMINATION OR EXPIRATION OF THIS AGREEMENT OR YOUR USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE.
23.2. Buroka will not be liable for Transactions, initiated by the User, below prescribed limits, as stated in the Section 13 hereof.
This Site and the Services found at this Site may contain links to third-party websites that are not owned or controlled by Buroka. Buroka assumes no responsibility for the content, terms and conditions, privacy policies, or practices of any third-party websites. In addition, Buroka does not censor or edit the content of any third-party websites. By using this Site or the Services found at this Site, you expressly release Buroka from any and all liability arising from your use of any third-party website. Accordingly, Buroka encourages you to be aware when you leave this Site or the Services found at this Site and to review the terms and conditions, privacy policies, and other governing documents of each other website that you may visit.
and/or your use of the Site and the Service, your Account, or any other matter, please contact