1. Introduction
By participating in the Service (as defined below), you indicate that you have read, understood, and accepted all the contents of these "Copy Trading Service Terms of Use" ("these Terms") and agree to be bound by and comply with their provisions. If you cannot fully understand or accept these Terms, please do not participate.
2. Overview of Copy Trading
2.1 Copy Trading allows you, as a "Copier," to interact with, follow, and replicate the portfolios of other traders. This function enables users to analyze financial data by comparing and copying the trades and strategies of other traders. You can make cryptocurrency investment decisions based on the trading information provided by traders on the Platform (collectively referred to herein as "Copy Trading" or the "Copy Trading Service").
You acknowledge and understand that Copy Trading does not provide personalized investment advice, investment opinions, tax advice, or any other type of financial advice. Any information on the Platform (including copy trading performance) shall not be considered investment advice, portfolio management, or other regulated financial services. All information is for reference only, and you should make investment decisions based on independent research. BitDa and its affiliates are not responsible for any suggestions or recommendations.
2.2 BitDa has the right to assess your knowledge, experience, and suitability to determine whether Copy Trading is appropriate for you. The assessment will be based on the information and documents you provide, which you can update at any time. If you provide false or misleading information resulting in losses, BitDa assumes no liability.
2.3 The Copy Trading Service synchronizes the Master Trader's orders to the market only with your authorization. It does not guarantee that the copied orders will be identical in price, timing, or profit/loss ratio. Differences may occur due to market fluctuations, depth volatility, and system latency.
2.4 BitDa has the right to monitor the performance of any user and, at its sole discretion: (i) open or close accounts; (ii) include or remove Master Traders, Copiers, and their portfolios; (iii) block Master Traders or their portfolios from being copied; (iv) cancel or reject any order placed on behalf of a user for security or legal reasons; (v) terminate the service relationship with you.
3. Representations and Warranties
When using the Copy Trading Service, you represent and warrant that:
You have the capacity to enter into these Terms;
You have obtained all necessary authorizations;
You understand that you may need to complete KYC (including Politically Exposed Persons (PEP) screening and sanctions screening);
All information you provide is true, reliable, accurate, and complete;
You must safeguard your account information (e.g., account number, password, personal data, etc.). You bear sole responsibility for any leakage of such information;
You are acting in your own name and for your own benefit, not on behalf of others;
You shall not register using others' information. If you provide illegal or invalid information, the Platform has the right to prohibit you from using the service;
If account information changes, you must apply for an update by submitting a support ticket;
If you discover a trading error, you must notify the Platform within 72 hours;
You shall not upload malicious code or adopt any disruptive strategies to manipulate the Platform;
Content you publish must comply with laws and regulations. You shall not maliciously disseminate illegal or inappropriate information (e.g., text, images, audio, video, etc.);
Funds used for Copy Trading must not originate from illegal sources, such as drugs, kidnapping, terrorist activities, etc.
If you breach any of the above warranties:
(i) BitDa may close the relevant trade(s) or account(s);
(ii) All losses and liabilities shall be borne solely by you.
4. Risk Disclosure
4.1 Cryptocurrency assets are highly volatile and carry significant risk, which may rapidly lead to investment losses.
4.2 Do not trade with funds you cannot afford to lose. Ensure you fully understand the associated risks before investing. Seek advice from a professional financial advisor if needed.
4.3 Using the copy trading platform may lead to losses or service interruptions due to reasons including:
Device or battery failure;
Weak network signal, connection latency, or errors;
Third-party attacks or malware;
Incompatible device system settings;
Other events beyond the Platform's control.
4.4 Although BitDa will strive to maintain service stability, it cannot guarantee the absence of network delays, system failures, or force majeure events. BitDa shall not be liable for any execution deviations or service interruptions resulting from such issues.
4.5 Automated Execution: Trades may be placed automatically without manual intervention.
4.6 Following non-professional traders carries high risk. BitDa makes no guarantees regarding their professionalism.
4.7 You are solely responsible for determining and fulfilling your legal and tax obligations, including whether you need to register as a sole proprietorship or a Virtual Asset Service Provider (VASP).
4.8 BitDa shall not be liable for any direct or indirect losses arising from any of the aforementioned issues.
4.9 Limitation of Liability: You shall bear all losses resulting from your use of the Service. BitDa assumes no liability whatsoever.
5. Copy Trading Content
5.1 You may publish and comment on content on the Platform. You are solely responsible for the content you publish. You grant BitDa a global, irrevocable, royalty-free license to use, store, copy, publish, and adapt your content solely for the purpose of providing the Service.
5.2 You agree that BitDa may use your content for promotion, operation, and authorize other platforms to use it.
5.3 Your content must not infringe upon the rights of others (e.g., copyright, contract, privacy rights, etc.) and must comply with regulations and Platform norms.
5.4 If content is infringing, illegal, or damages BitDa's reputation, the Platform has the right to delete it and pursue liability. Prohibited actions include:
Providing investment advice;
Implying BitDa's endorsement;
Posting advertisements or spam content;
Publishing illegal, violent, racially discriminatory, harassing, obscene, or hateful content;
5.5 BitDa has the right to share your content if requested by law enforcement authorities.
5.6 BitDa may publish third-party information but does not guarantee its accuracy or that it constitutes financial advice.
5.7 You shall not use BitDa Platform content outside the Platform.
6. Accounts and Transaction Records
6.1 You can view your account history. If you identify abnormal transactions, please provide feedback within 14 days.
6.2 BitDa has the right to correct errors or cancel transactions:
In cases of obvious errors;
To adjust to reasonable trading information.
6.3 BitDa may disclose your account information to third parties as required by law. You consent to this action.
7.Technical Disclaimer
7.1 BitDa may suspend services for maintenance and does not guarantee transaction processing times.
7.2 BitDa does not guarantee the completeness, accuracy, or real-time updates of Platform content.
7.3 Using BitDa services requires you to bear network access and device compatibility issues yourself. The Platform does not guarantee normal operation on all devices.
8. General Terms
Terms not defined herein shall have the meanings ascribed to them in the BitDa User Agreement and the Contract Service Agreement. BitDa will contact you using the contact information you provide. Please keep this information up to date. Any notices must be submitted in writing and comply with BitDa's specified procedures. For any questions, please contact the BitDa customer service team.
9. Definitions
Applicable Law: All relevant laws, regulations, regulatory guidelines, etc., applicable to the provision and use of the Service.
Platform: The service platform provided by BitDa via web pages, App, or API, including the Copy Trading Service.
Disclaimer: Cryptocurrency asset prices are highly volatile. Investments may incur losses, including the potential loss of all capital. Only invest in products you are familiar with and understand the risks of. Contract trading, in particular, carries higher risks and may lead to liquidation (i.e., being forced to close positions). Even if you follow the best-performing traders, there is a risk of following non-professionals or having misaligned risk objectives. Past performance is not indicative of future results. Independently assess the risks and consult a professional advisor if necessary.
For more safety advice, please visit BitDa's Responsible Trading page.