Terms of Service

Last updated: 19 Jan 2016

All the terms of service here applies to All Satang applications and Satang Corporation, Co., Ltd. ("Satang", "Satang Corporation", "we", "us" or "our").

Account

In order to use any of Satang services, you must first register by providing your name and phone number. By registeration, this means you agree with all of the following terms of service and agree to not engage in any Prohibited Businees or Prohibited Use.

Wallet

Currently one account will have only one Bitcoin wallet. For every transaction and request we do not verify the identity of the receiver and you have to make sure you send to the right person yourself. Any Bitcoin transaction may not be cancelled or reversed once initiated.

Satang stores all of Bitcoin private keys in secure storage and we do backup frequently. Any damage of storage might cause delay of processing for 60 hours or more. By using our account and wallet, this means you accept delay and damage that might occur from such delay.

Satang reserves the right to limit your use of the wallet. We may require you to provide us additional information about yourself for any transactions that might exceed the limit.

We do not support any advanced protocol which supplements the core Bitcoin Protocol. Satang will not be responsible for any loss which may result from such use.

Exchange

Satang reserves the right to control conversion rate. Every refilling and cashing out process will show the current conversion rate at the time you begin to refill or cash out.

Satang reserves the right to control conversion fee that might be required to cover applicable bank fees or any other privider fees you may contact with through our system. Our conversion fee will be displayed to you when you do refill or cash out, prior before you confirm any such activity.

Satang reserves the right to limit your use of the exchange service. We may require you to provide us additional information about yourself for any uses that might exceed the limit.

Support

Any questions, feedback, or complaints can be sent to us at support@satang.co. For every complaints please send to us the cause of complaints and all the information related to the complaints. We may need your identity and your Satang account to proceed with.

Suspension, Termination and Cancellation

Satang reserves the right to suspend, restrict, or terminate your access to any of Satang services and the right to cancel your ongoing transactions with us without notice if you violate any terms of service listed here, we are required by court order or government authority or abuse or our services and promotions.

General Provisions

Limitations of Liability

IN NO EVENT SHALL SATANG, ITS AFFILIATES AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES OR REPRESENTATIVES, BE LIABLE FOR LOST PROFITS, INJURY, OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE SATANG SITE, THE SATANG SERVICES, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE).

Sanctions Compliance

Satang is not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with applicable law, the guidance or direction of any regulatory authority or government agency, or any writ of attachment, lien, levy, subpoena, warrant or other legal order.

Malware

Satang shall not bear any liability for damage caused by any malware, phising, spoofing or other computer and networking attack that may affect your computer or other equipment. Users of Satang should always review history of activities by log into Satang account.

Release of Satang

If you have a dispute with one or more users of the Satang services, to the extent permitted by law, you release Satang, its affiliates and service providers, and each of their respective officers, directors, agents, joint venturers, employees and representatives from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes. In addition, to the extent permitted by law, in entering into this release you expressly waive any protections, that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.

No Warranty

(A) THE SATANG SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED, OR STATUTORY. SATANG SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. SATANG DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO ANY PART OF THE SATANG SERVICES, OR ANY OF THE MATERIALS CONTAINED THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, ERROR-FREE OR SECURE. OPERATION OF THE SATANG SITE MAY BE INTERFERED WITH BY NUMEROUS FACTORS OUTSIDE OF OUR CONTROL. WE ARE NOT RESPONSIBLE FOR THE BITCOIN MARKET, AND WE MAKE NO REPRESENTATIONS OR WARRANTIES CONCERNING THE REAL OR PERCEIVED VALUE OF BITCOIN AS DENOMINATED IN ANY QUOTED CURRENCY. ALTHOUGH WE MAY PROVIDE HISTORICAL AND/OR REAL-TIME DATA REGARDING THE PRICE OF BITCOIN, WE MAKE NO REPRESENTATIONS REGARDING THE QUALITY, SUITABILITY, TRUTH, USEFULNESS, ACCURACY, OR COMPLETENESS OF SUCH DATA, AND YOU SHOULD NOT RELY ON SUCH DATA FOR ANY REASON WHATSOEVER. YOU UNDERSTAND AND AGREE THAT THE VALUE OF BITCOIN CAN BE VOLATILE, AND WE ARE NOT IN ANY WAY RESPONSIBLE OR LIABLE FOR ANY LOSSES YOU MAY INCUR BY HOLDING OR TRADING BITCOIN, EVEN IF THE SATANG SERVICES ARE DELAYED, SUSPENDED, OR INTERRUPTED FOR ANY REASON. FURTHER, SATANG MAKES NO REPRESENTATIONS OR WARRANTIES AS TO THE QUALITY, SUITABILITY, TRUTH, USEFULNESS, ACCURACY, OR COMPLETENESS OF THE SATANG SERVICES OR ANY MATERIALS CONTAINED THEREIN. SATANG WILL MAKE REASONABLE EFFORTS TO ENSURE THAT REQUESTS FOR ELECTRONIC DEBITS AND CREDITS INVOLVING BANK ACCOUNTS, CREDIT CARDS, AND CHECK ISSUANCES ARE PROCESSED IN A TIMELY MANNER BUT SATANG MAKES NO REPRESENTATIONS OR WARRANTIES REGARDING THE AMOUNT OF TIME NEEDED TO COMPLETE PROCESSING BECAUSE THE SATANG SERVICES ARE DEPENDENT UPON MANY FACTORS OUTSIDE OF OUR CONTROL, SUCH AS DELAYS IN THE BANKING SYSTEM OR THE U.S. OR INTERNATIONAL MAIL SERVICE.

(B) FOR CONSUMERS ONLY: WHERE APPLICABLE CONSUMER PROTECTION LAW LIMITS THE EFFECTIVENESS OF SECTION (A) WITH RESPECT TO CONSUMERS, SECTION (A) ONLY APPLIES TO THE MAXIMUM EXTENT AS PERMITTED BY LAW.

Indemnification

You agree to indemnify and hold Satang, its affiliates and Service Providers, and each of their respective officers, directors, agents, joint venturers, employees and representatives, harmless from any claim or demand (including attorneys' fees and any fines, fees or penalties imposed by any regulatory authority) arising out of or related to (i) your breach of this Agreement, (ii) your use of Satang services or (iii) your violation of any law, rule or regulation, or the rights of any third party.

Severability

If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law or regulation or any governmental agency, local, state, or federal, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of this Agreement shall not be affected.

Change of Control

In the event that Satang is acquired by or merged with a third party entity, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.

Governing Law and Jurisdiction

This Agreement will be governed by English law except that for residents of Scotland and Northern Ireland any consumer protection granted under Scots law or Northern Irish law (as applicable) that exceeds those under English law will still apply for your protection. Subject to Section 8.4 and article 16 of the Council Regulation (EC) No 44/2001, this Agreement is subject to the jurisdiction of the English courts and, if you are resident in Scotland or Northern Ireland, the Scottish courts or the Northern Irish courts (as applicable) for the purpose of hearing and determining any dispute arising out of or in connection with this Agreement or its formation or validity.

Force Majeure

We shall not be liable for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorists, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity and enforceability of any remaining provisions.

Changes of Terms of Service

We regulary update our terms of service as the Satang updates. If we do update our terms of service, we will notify you at this website and update the "last updated" section above.

English Language Controls

Notwithstanding any other provision of this Agreement, any translation of this Agreement is provided for your convenience. The meanings of terms, conditions and representations herein are subject to definitions and interpretations in the English language. Any translation provided may not accurately represent the information in the original English.

This Agreement sets forth the entire understanding and agreement between you and Satang as to the subject matter hereof, and supersedes any and all prior discussions, agreements and understandings of any kind (including without limitation any prior versions of this Agreement), and every nature between and among you and Satang.

Privacy Policy

Last updated: 19 Jan 2016

All the policy here applies to All Satang applications and Satang Corporation, Co., Ltd. ("Satang", "Satang Corporation", "we", "us" or "our" ).

How We Collect and Use Information

Through our services and third parties, we collect the following information:

  • Identification Information: This includes your registered phone number and your name. We keep you registered phone number as private information unless you specify it to your public profile. For your name, this will be exposed as your public profile and can be viewed by any person.
  • Device Information: Your device identification number that might be assigned from Android or iOS operating systems, device type, IP address, geo-location. We use this to provide the best service for you and to protect you from fraud.
  • Financial Information: We do collect every activity you do on our system. For transactions, you can specify whether you want it to be able to view by only the participants of the transaction, by all your friends, or by public. For other activities including refilling and cashing out history will be able to view by only you.
We will not sell or rent your personal information to third parties.

How We Collect and Use Cookies

We collect both session and permanent cookies.

We use cookies to recognize that you are Satang user and use some information collected above stored in the cookies to provide the user experience and help prevent you against fraud.

You can disable or delete cookies stored in your browsers but agree that doing so may interfere the use of our services.

How to Change Your Personal Information

All the personal information you provided us except username and registered phone number can be changed by signin in to your account and go to settings page.

How Our Privacy Policy Updates

We regulary update our privacy policy as the Satang updates. If we do update our privacy policy, we will notify you at this website and update the "last updated" section above.