Terms of use
Last updated
Last updated
Buyer: has the right to purchase goods/services, pay for them through a smart contract, demand fulfillment of delivery conditions, and use the support service to resolve disputes.
Seller: undertakes to provide a current and accurate description of the product, to send the product on time, not to violate intellectual property rights, and to comply with quality standards.
BAFEX: acts as an intermediary, providing a technological platform and smart contracts, ensuring security, but is not directly responsible for the quality of the goods (except in cases of fraud).
In accordance with the VARA Regulations, the marketplace may restrict or suspend access to users from countries under international sanctions (for example, countries on the OFAC blacklist).
Some jurisdictions (USA, China, North Korea, Iran) may have local laws prohibiting or severely restricting trading in virtual assets – BAFEX reserves the right to block access to such users.
The minimum age for registration is 18 years (in accordance with UAE legislation and international standards).
The sale of goods requiring additional age verification (alcohol, cigarettes) is prohibited until the user reaches 21 years of age.
Categories of prohibited goods (weapons, drugs, counterfeit brands) are listed in a separate section, "Prohibited goods", in the user agreement.
BAFEX undertakes to keep users' personal data secure and not to disclose it to third parties without consent.
The provisions of the UAE Personal Data Protection Law and VARA Privacy Guidelines are observed:
Personal information (name, address, documents) is stored in encrypted form.
Public data (seller name, rating) is available in the system without disclosing confidential details.
The user has the right to request the deletion or correction of personal data if it is incorrect (within the framework of GDPR-like regulations).