Legal & Privacy

General Rules for Competitions on Bitfinex.com

OPEN TO PERSONS 18 YEARS OF AGE OR OLDER ONLY—SEE ELIGIBILITY CRITERIA

VOID WHERE PROHIBITED BY LAW

  1. General Competition Description: The relevant competition in which participants are participating is referred to herein as the “Competition.” These official competition rules are referred to herein as the “Competition Rules.” The Competition particulars set out in each additional Competition document description (the “Competition Description”) are incorporated into the Competition Rules by reference. The Bitfinex terms of service available at https://www.bitfinex.com/legal/exchange/terms are referred to herein as the “Terms of Service,” as they may be changed, amended, modified, or updated from time to time. All capitalized terms not otherwise defined in the Competition Rules shall have the meaning set out in the Terms of Service. Unless otherwise specified in the Competition Rules, words importing the singular include the plural and vice-versa and words importing gender include all genders.
    For each Competition, the Competition Description shall contain:

    1. a description of the Competition;
    2. the period during which the Competition is open, accepting entries, and in the case of leaderboard competitions, in respect of which trading activity shall be recorded and credited towards a prize (the “Competition Period”); and,
    3. a description of the prize(s) to be awarded in the Competition (including estimated retail value, where applicable).
  2. Eligibility: Competition is open to all verified users on www.bitfinex.com that are (in the case of individual persons) 18 years of age or older. Eligible participants may not be Prohibited Persons under the Terms of Service, and may not be residents of Canada, Switzerland, the British Virgin Islands, or the Seychelles. Eligible participants must at all times comply with the Competition Rules and the Terms of Service. Void where prohibited or restricted by law. Personnel or agents of Bitfinex or any of its Associates, and members of their immediate families or living in their households, are not eligible to participate in the Competition. All participants are subject to verification and review before any prize is awarded. To take part in Competitions, users must create a sub-account. Each Competition must be accepted at the masteraccount holder level.

    FOR LEADERBOARD COMPETITIONS, ALL PARTICIPANTS MUST, NO LESS THAN 24 HOURS BEFORE THE END OF THE COMPETITION PERIOD, CONSENT TO THEIR CHOSEN TRADING NAMES BEING DIVULGED, LISTED, AND RANKED ON BITFINEX’S LEADERBOARD. PARTICIPANTS MUST THEREAFTER NOT REVOKE THEIR CONSENT TO THEIR CHOSEN TRADING NAMES BEING DIVULGED, LISTED, AND RANKED ON BITFINEX’S LEADERBOARD FOR THE REMAINDER OF THE COMPETITION PERIOD.

    Participants can consent to their trading names being added to the leaderboard here. All participants must opt into the Competition and must agree to the Competition Rules. THIS IS A GENERAL OPT-IN IN RESPECT OF ALL COMPETITIONS ON BITFINEX AND NOT JUST ONE OR MORE PARTICULAR COMPETITIONS. Participants may opt out at any time. Opting out shall void eligibility in respect of any and all Competitions running at or after the date of opt out and all Competitions in respect of which winners are then being determined. The masteraccount holder agrees that the trading name displayed on the leaderboard will be the trading name chosen for the subaccount created for the purposes of each Competition. Participants shall opt into the Competitions by following the link here.

  3. Winners & Prizes: At the end of the Competition Period, Bitfinex shall determine the potential Competition winners. Potential winners shall be determined based on the applicable Competition rules, the eligibility of participants, and, for leaderboard competitions, the position of the participants on the leaderboard. Bitfinex shall then notify the potential winners. Winners must be verified at the masteraccount holder level to claim their prizes. If the subaccount holder is different from the masteraccount holder, the prize will be awarded to the masteraccount holder. Decisions made by Bitfinex as to the selection of potential winners and all matters related to the Competition shall be final and binding. Potential winners shall be notified by the e-mail address associated with their Bitfinex accounts. Failure by any potential winner to provide any requested information within a stated time period (never more than 7 business days) may result in the automatic forfeiture of a prize. If the potential winner of any prize cannot be contacted or the prize is rejected or returned as undeliverable, or the potential winner fails to provide any requested information within the required time period, the potential winner forfeits their prize. Prizes are non-transferable. Bitfinex at all times reserves the right to substitute any prize with a prize or property of equal or greater value, determined in Bitfinex’s sole and absolute discretion. Prizes will be delivered to winners within 4–6 weeks after the Competition is complete. Note that Bitfinex is not in control of all prize delivery.
  4. Publicity: Except where prohibited by law, by participating in the Competition or accepting a prize, participants grant Bitfinex and its designees the right to use their chosen trading names and trading volume(s) for purposes of selecting and broadcasting winners and for advertising and promotional purposes for the Competition and similar promotions, worldwide, and in perpetuity, in any and all forms of media, now known or hereafter devised without additional compensation, review or approval rights, notification or permission.
    YOU FURTHER ACKNOWLEDGE THAT YOUR PERSONAL IDENTIFYING INFORMATION MAY BE DISCLOSED TO THIRD PARTIES INCLUDING, WITHOUT LIMITATION, FOR PURPOSES OF PRIZE FULFILLMENT.
  5. General Conditions: All income and other taxes resulting from acceptance of prizes, if any, are the responsibility of the winners. The Competition is subject to all applicable laws and regulations. Winning a prize is contingent upon fulfilling all requirements of the Competition Rules. Bitfinex reserves the right without liability to disqualify any participant or cancel, suspend, modify and/or terminate the Competition, or any part of it, for any reason, including, but not limited to, insufficient entries, any seeding, typographical, technical errors, human or otherwise, suspected or actual evidence of electronic or non-electronic tampering with any portion of the Competition, or if computer virus, bugs, unauthorized intervention, fraud, or technical difficulties or failures compromise or corrupt or affect the administration, integrity, security, fairness, or proper conduct of the Competition or any other factor beyond Bitfinex’s reasonable control, as determined by Bitfinex in its sole and absolute discretion.
    In such event, Bitfinex reserves the right to award the prizes to the extent required by law for eligible entries submitted up to the time of the impairment (and/or thereafter), or in such other manner as deemed fair and appropriate by Bitfinex in its sole and absolute discretion. Bitfinex reserves the right to disqualify any participant it finds to be tampering or interfering with the operation of the Competition, acting in violation of the Competition Rules or in an unsportsmanlike or disruptive manner and void all such participant’s entries.
    ANY ATTEMPT BY ANY PERSON TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THE COMPETITION MAY BE IN VIOLATION OF CRIMINAL AND CIVIL LAWS AND SHOULD SUCH AN ATTEMPT BE MADE, BITFINEX RESERVES THE RIGHT TO SEEK CIVIL AND/OR CRIMINAL PROSECUTION AND DAMAGES (INCLUDING ATTORNEYS’ FEES) FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW. The invalidity or unenforceability of any provision of the Competition Rules will not affect the validity or enforceability of any other provision. In the event that any provision of the Competition Rules is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. Bitfinex’s failure to enforce any term of the Competition Rules will not constitute a waiver of that provision. Headings are solely for convenience of reference and will not be deemed to affect in any manner the meaning or intent of the documents or any provision hereof.
  6. Waiver and Release: By entering the Competition, participants waive all rights to claim punitive, incidental and consequential damages, attorneys’ fees or any damages other than actual out-of-pocket costs incurred to enter (but not including any costs associated with trading activity, to the extent applicable). Participants hereby release Bitfinex and any prize suppliers (where other than Bitfinex) from any and all liability, of whatever nature, associated with the Competition, including, without limitation, as to prize delivery and fulfilment. All issues and questions concerning the construction, validity, interpretation, and enforceability of the Competition Rules, or the rights and obligations of the participant and Bitfinex in connection with the Competition shall be governed by, and construed in accordance with, the laws of the British Virgin Islands, without giving effect to any choice of law or conflict of law rules. The venue for any dispute shall be the courts of the British Virgin Islands.
  7. Force Majeure: Bitfinex is not responsible for damages caused by delay or failure to perform undertakings under the Competition Rules when the delay or failure is due to health crises, fires; strikes; floods; power outages or failures; acts of God or the state’s enemies; acts of any Government or Government Official; any and all market movements, shifts, or volatility; computer, server, or Internet malfunctions; security breaches or cyberattacks; criminal acts; delays or defaults caused by common carriers; acts or omissions of other Persons; or, any other delays, defaults, failures or interruptions that cannot reasonably be foreseen or provided against. In the event of force majeure, Bitfinex is excused from any and all performance obligations under the Competition Rules.
  8. Competition E-mails: By participating in the Competition, participants agree to receive e-mails related to the Competition including, but not limited to, a registration confirmation e-mail.
  9. Contacting Bitfinex: Any questions, complaints, or feedback about any Competition should be addressed to https://cs.bitfinex.com.