These general Terms and Conditions of Use (hereinafter referred to as the “Terms of Use”) establish the rules and conditions for using the website https://abarai.ro/ (hereinafter referred to as the “Website”), owned by CHIDORI TECHNOLOGIES S.R.L., a limited liability company registered in Romania, with its registered office in Cluj-Napoca, Strada Fundătura Oașului no. 24B, Cluj County, registered with the Trade Registry under no. J12/984/2023, having sole registration code 43894338 and European Unique Identifier (EUID) ROONRC.J12/984/2023 (hereinafter referred to as the “Company” or “Chidori Technologies”).
The crypto-asset exchange services accessible through the Website are provided and executed by external crypto-asset service providers (each, a “Partner”), through widgets integrated on the Website (each, a “Widget”). The Partner executing each type of transaction is identified in Section 2 (Definitions). The Company is not a party to the crypto-asset exchange contracts concluded through the Widgets and only provides technical access to them.
By accessing and using the services offered through the Website, the client confirms that:
Services – the service provided by the Company, consisting of granting access, through the Website, to the Widgets, through which the Client can initiate crypto-asset exchange transactions (Fiat Currency into Crypto-Asset or vice versa).
Widget – the crypto-asset exchange interface provided and operated by the relevant Partner, integrated into the Company’s Website, through which crypto-asset exchange transactions are actually executed.
Partner – the crypto-asset service provider that executes the relevant transaction initiated through the Website, namely:
The Partner executing a given transaction is the provider of the Widget displayed on the relevant page of the Website, identified by the “Powered by” mention displayed in the Widget. The Partner executes the transaction, processes identity verification (KYC), sets the exchange rate and applicable fees, and handles the refund/chargeback policy.
Partner Terms – the terms and conditions, policies and refund rules of the relevant Partner, available as follows: for AhoraCrypto, the Terms and Conditions available here; for Paybis, the Terms of Service available here and the refund policy available here.
Address – an alphanumeric address generated free of charge, composed of a public key and a private key, which allows the secure transfer of crypto-assets. The Address is the identifying criterion for the destination to which crypto-assets are sent.
Suspicious Address – an alphanumeric address in connection with which transactions have been carried out that give rise to reasonable suspicion that they involve funds derived from criminal activity, or that the person transacting or their representative is not who they claim to be.
Bitcoin – a type of Crypto-Asset, functioning as a decentralized electronic payment system. Bitcoin’s design allows for the holding and transfer of value.
Private Key – a secret set of data that allows the transfer of crypto-assets held in a given wallet, by means of a cryptographic signature. Together with the public key, it forms the “address” to or from which crypto-asset transfers are made.
Public Key – a set of data that may be known to third parties and which, together with the private key, forms the “address” to or from which a crypto-asset transfer can be made. Knowledge of the public key alone does not allow third parties to access or use the crypto-asset associated with a given address.
Client – the individual who has created an account with the relevant Partner, where required, has successfully completed the identity verification process (KYC) and enters, in their own name, through the Widget, into the contract for trading crypto-assets, either for the purpose of purchasing crypto-assets or for the purpose of transferring, for consideration, crypto-assets they hold.
Crypto-Asset – a digital representation of value or a right that may be transferred and stored electronically using distributed ledger technology or similar technology, within the meaning of Regulation (EU) 2023/1114 (MiCA) and its national transposing legislation. Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin are examples of Crypto-Assets used as a means of payment.
Identity Document – an identity card or passport, valid at the time, presented as part of the identity verification (KYC) process, in order to allow identification of the holder.
Fiat Currency – a financial instrument and means of payment issued and guaranteed by a national bank or monetary authority, accepted for transactions carried out through the Widgets. The accepted currencies, available payment methods and minimum and maximum limits differ depending on the Partner, are displayed in the relevant Widget and are available here. The availability of a given currency or payment method may vary depending on the Client’s country of residence.
Wallet – the common name for software installed on a computer, smartphone, etc., or an online service that functions like a bank account, in that it allows, through the Private Keys it contains, the transfer of the Crypto-Assets belonging to its holder.
Purchase Price / Selling Price – the Fiat Currency equivalent of a unit of Crypto-Asset, displayed in the Widget at the time of the transaction.
Fee – the amount owed for executing the transaction, set and collected by the relevant Partner in accordance with the Partner Terms (available for AhoraCrypto and for Paybis).
Through the Website, Chidori Technologies grants the Client access to the Widgets, through which the Client can initiate crypto-asset exchange services (the exchange of Fiat Currency into Crypto-Asset or vice versa).
The Company does not execute, confirm, or guarantee any crypto-asset exchange transaction, does not provide custody services for Crypto-Assets or Fiat Currency, and is not a party to the exchange contract concluded through the Widget. These services are offered, executed, and governed entirely by the relevant Partner, as defined in Section 2.
The Client using the Widget acts in their own name when entering into the contract. Any agreement between the Client and third parties that would have authorized them to act on their behalf is unenforceable against the Company.
In order to be able to initiate a transaction through the Widget, the Client must meet certain preconditions:
Fulfillment of these conditions is verified exclusively through the Widget; the availability of a given payment method or currency may vary depending on the Partner and on the Client’s country of residence.
The subject matter of the crypto-asset exchange contract, concluded through the Widget, is the exchange between Crypto-Asset and Fiat Currency, in any of the currencies and through any of the payment methods accepted by the relevant Partner at the time of the transaction, as displayed in the Widget and set out in the list available here.
The Company is not a party to this contract. The Company’s role is limited to providing technical access to the Widgets, through the Website.
The conclusion of the crypto-asset exchange contract, including the expression of offer and acceptance, the indication of the transfer Address, as well as making the funds or Crypto-Asset available, takes place exclusively within the Widget, in accordance with the mechanism and steps established under the Partner Terms (available for AhoraCrypto and for Paybis). The Company does not intervene in, and does not influence, this process.
The specific obligations of the Client and the Partner (delivery/transfer of the Crypto-Asset, payment of the price, blockchain confirmation, order of performance) are those set out in the Partner Terms. The Company does not act as seller or buyer in these contracts and does not assume any obligation to perform specific to the transaction.
Situations of temporary or permanent impossibility to perform the crypto-asset exchange contract are governed by the Partner Terms. The Company is not liable for the impossibility of executing transactions carried out through the Widgets, except where such impossibility is caused solely by a malfunction of the Website that is within the Company’s direct control.
The warranties concerning ownership of the Crypto-Asset, the delivery of the agreed quantity, and the value of the Crypto-Asset are those provided by the relevant Partner, in accordance with the Partner Terms. The Company provides no warranty as to the performance, value, or outcome of transactions carried out through the Widgets.
The Client is aware of, and assumes, the risks specific to trading crypto-assets, including, without limitation:
These risks are inherent to the nature of the Crypto-Asset and are not caused by the technical mechanism through which the transaction is carried out.
The Client represents that:
The cases of termination, rescission, or unilateral withdrawal from the crypto-asset exchange contract are those set out in the Partner Terms. The Company separately reserves the right to suspend or discontinue the Client’s access to the Website at any time, without prior notice, in particular in the event of a breach of these Terms of Use.
These Terms of Use are governed by Romanian law, as in force at the time the Website is accessed. Any disputes relating to the use of the Website (not concerning the actual performance of the crypto-asset exchange transaction) shall, as far as possible, be settled amicably, and, failing agreement, shall be submitted to the courts having jurisdiction over the Company’s registered office.
Disputes concerning the performance, content, or effects of the crypto-asset exchange transaction carried out through a Widget shall be settled in accordance with the Partner Terms of the Partner that executed the transaction (available for AhoraCrypto and for Paybis), including its refund and complaints rules. The Paybis refund policy is available here.