7- Trading on the Platform

7.1. Your Obligations and Acknowledgements in Relation to Transactions

In respect of Transactions you submit into the Platform, you acknowledge and agree that:
            we do not own or control any of the underlying blockchains, software protocols or networks in respect of Coins, and make no warranties or representations regarding their security, effectiveness or proper functioning;
            we may impose such restrictions as we reasonably think fit for the efficient processing of Transactions and in order to reduce the risk of theft and fraud. These restrictions may include maximum or minimum individual Transaction limits and maximum daily limits, in relation to a Coin, type or group of Coins, User or group of Users or type or types of Transactions;
            you will only use the Platform and the Services to undertake Transactions on your own behalf, and not on behalf of anyone else;
            while we will use reasonable endeavours to process Transactions as quickly as possible, Bsgex gives no guarantee or warranty regarding the timing of completion of any Transaction. Transaction completion may be delayed for a significant period of time, or indefinitely, for a number of reasons including those set out in the Bsgex Risk Statement;
            we will act on the instructions sent from your Account and we have no obligation to verify any instruction received from, or appearing to be sent from, your Account.

You agree only to use our Services for lawful and permitted purposes. This includes, but is not limited to, prohibiting the use of our Services for the purposes of:
            illegal purchases;
            money laundering;
            financing of terrorism;
            trading with countries embargoed by your government;
            engaging in deceptive, fraudulent or malicious activity;
            wire transfer money orders;
            as a means to transfer funds between bank accounts;
            to carry out any act that is illegal in the jurisdiction where the person carrying out the activity is resident, domiciled or located; or
            commercial purposes which are competitive to the Platform or our business or which would otherwise be detrimental or prejudicial to our interests or the interests of any User, in any way.

7.2. Reversals, Cancellations

You cannot cancel, reverse, or change any Transaction once it is submitted.

We have the right to refuse to process, or to cancel or reverse, any submitted Transaction for any reason, including:
            where in our opinion completing the Transaction could result in a breach or potential breach of any Applicable Law;
            if we reasonably consider the Transaction is erroneous; or
            where we reasonably consider the Transaction has the potential to bring into disrepute us, the Platform or any User.

7.3. Agent

You appoint Bsgex, and Bsgex accepts the appointment, as your agent for any Transaction in Coins that you have entered into through your Account on the Platform, in accordance with these Terms.