Prohibited Use Policy

Effective date: 1 September 2026 · Version: 1.1

This Prohibited Use Policy is issued by BINIBIT S.A. (Republic of Panama) (“Binibit”) and forms part of the Terms of Service. It sets out who may not use the Services and the activities that are prohibited on the Platform. Capitalised terms have the meaning given in the Terms of Service.

1. Prohibited persons and jurisdictions

You may not use the Services if you are a Restricted Person, including if you:

are a resident, citizen or national of, located in, or established/incorporated in, the United States of America or any other Restricted Jurisdiction;
are on, or are owned or controlled (50% or more) by a person on, any sanctions list of the United Nations, the United States (OFAC), the European Union, the United Kingdom or any other competent authority;
are otherwise prohibited from using the Services under Applicable Law.

You must not attempt to access the Services through a VPN, proxy or any other means designed to disguise your location or circumvent these restrictions.

2. Prohibited activities

You must not use the Services, directly or indirectly, to engage in or facilitate any of the following:

a) Unlawful and fraudulent activity

Any activity that violates Applicable Law or any third party’s rights.
Fraud, deception, or providing false, inaccurate or misleading information to us or others.
Phishing, social engineering, or impersonation.

b) Financial crime

Money laundering, terrorist financing, proliferation financing, or sanctions evasion.
Bribery, corruption, or tax evasion.
Handling funds or assets that are the proceeds of, or intended for, criminal activity.

c) Market abuse and manipulation

Wash trading, self-trading, spoofing, layering, quote stuffing, momentum ignition, ramping, or pump-and-dump schemes.
Front-running, insider dealing, or trading on material non-public information.
Any conduct that creates, or is intended to create, a false or misleading impression of the price, supply, demand or volume of a crypto-asset.
Exploiting errors, latency, bugs or vulnerabilities of the Platform, or trading against an obvious system error.

d) Account misuse and unfair use

Using the Services for or on behalf of any third party without our prior written consent.
Opening or operating more than one account, or sharing, selling, renting or transferring access to an account, without our consent.
Registering or using an account after an account previously held by you has been closed, blocked or restricted by us.
Coordinating the activity of multiple accounts, or acting through connected persons, in order to circumvent limits, fee tiers, trading restrictions or any other restrictions of the Platform.
Obtaining or attempting to obtain a benefit under any promotional, bonus, referral or other reward programme in a manner inconsistent with its purpose or terms, including through multiple or connected accounts, self-referral, sham transactions or artificial volume.
Providing access to, or trading on behalf of, a Restricted Person.

Accounts may be treated as connected where, among other things, identification, contact or payment details, devices, network addresses or wallet addresses coincide or are substantially similar, or where there are other indications of common control or coordinated activity. The measures set out in section 3 of this Policy may be applied to all connected accounts.

e) Technical abuse

Using bots, scrapers, crawlers, spiders or other automated means to access the Platform, except via our authorised API.
Hacking, introducing malware, probing or testing vulnerabilities, circumventing security or access controls, or overburdening or disrupting the Platform.
Reverse-engineering, decompiling or disassembling any part of the Platform, or using it to build a competing product.

f) Prohibited businesses and counterparties

Darknet marketplaces, ransomware, malware-as-a-service, or other cybercrime.
Child sexual abuse material, human trafficking, or content that exploits or endangers minors.
Trade in illegal weapons, explosives, controlled drugs or other illegal goods and services.
Unlicensed money services, shell banks, Ponzi, pyramid or multi-level-marketing schemes, or fraudulent investment schemes.
Unlawful gambling.
Use of mixers, tumblers or anonymising services to obscure the origin of funds, or transactions with wallets or counterparties associated with sanctions, theft, scams or other illicit activity.
Any business or transaction we reasonably determine presents unacceptable legal, regulatory, financial-crime or reputational risk.

g) Abusive conduct

Harassing, threatening or abusing other users or our staff.

3. Consequences of a breach

If we reasonably suspect or detect a breach of this Policy, we may, without prior notice and without liability to you:

refuse, delay, suspend, cancel, nullify, reverse or claw back transactions (including after execution or settlement);
freeze, restrict, limit, suspend or close your account and withhold assets to the extent permitted by Applicable Law;
report the matter to regulators, law enforcement or other authorities and cooperate with them; and
take any other action we consider necessary, including terminating these Terms.

You will remain responsible for any losses, costs or liabilities arising from your breach, and you must indemnify us as set out in the Terms of Service.

4. Reporting violations

If you become aware of any prohibited use or suspicious activity, please report it to compliance@binibit.com.

5. Changes

We may update this Policy from time to time and will post the updated version at binibit.com/legal/prohibited-use with a new effective date.

BINIBIT S.A. · Global Bank Tower, 18th Floor, Suite 1801, 50th Street, Panama City, Republic of Panama