Terms & Conditions

Last Updated 05/03/2021 12PM UTC

Welcome to CoinsBid!

These terms and conditions outline the rules and regulations for the use of CoinsBid Website, located at Coinsbid.net.
By accessing this website we assume you accept these terms and conditions. Do not continue to use CoinsBid if you do not agree to all of the terms and conditions stated on this page.

The following terminologies apply to these Terms and Conditions, Privacy Statement and Disclaimer Notice and all Agreements: "Client", "You" and "Your" refers to you, user of our web services and compliant to the Company’s terms and conditions. "The Company", "Ourselves", "We", "Our" and "Us", refers to our Company. "Party", "Parties", or "Us", refers to both the Client and ourselves.

All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the Client in the most appropriate manner for the express purpose of meeting the Client’s needs in respect of provision of the Company’s stated services, in accordance with and subject to, prevailing law of Nigeria. Any use of the above terminology or other words in the singular, plural, capitalization and/or he/she or they, are taken as interchangeable and therefore as referring to same.


I. Team Blaze Global Enterprises refers to the grand venture behind the formation, launch and operation of all CoinsBid Services
II. Coinsbid

Coinsbid entails the entire network comprising CoinsBid websites (whose domain names include but are not limited to  https://www.coinsbid.net), mobile applications, clients and other applications that are developed to offer CoinsBid Services, and includes independently-operated platforms, websites and clients within the network (e.g. CoinsBid trading Platform, CoinsBid P2P exchange, CoinsBid forum, CoinsBid classified ads, CoinsBid escrow services amongst others). In case of any inconsistency between relevant terms of use of the above platforms and the contents of these Terms, the respective applicable terms of such platforms shall prevail.

III. CoinsBid Operators refer to all parties that run CoinsBid, including but not limited to moderators, legal persons, unincorporated organizations and teams that provide CoinsBid Services and are responsible for such services. For convenience, unless otherwise stated, references to “Coinsbid” and “we” in these Terms specifically mean CoinsBid Operators.

IV. Coinsbid Services entails various services provided to you by CoinsBid that are based on Internet and/or blockchain technologies and offered via CoinsBid websites, mobile applications, clients and other forms (including new ones enabled by future technological development)

V. Digital Currencies refers to encrypted or digital tokens or cryptocurrencies with a positive cost which are primarily based on blockchain and cryptography technology and are issued and managed in a decentralized form.

VI. Digital Assets refers to digital/virtual Currencies, their derivatives or other types of digitalized assets with a certain value.

VII. CoinsBid Platform rules refers to all rules, interpretations, bulletins, statements, letters of consent and different contents which have been and may be finally launched via CoinsBid, in addition to all guidelines, implementation guidelines, product process descriptions, and announcements posted within the website and other communication channels.

VIII. Users refers to all individuals, establishments or agencies that access, download or use CoinsBid or CoinsBid Services and who meet the criteria and conditions stipulated via CoinsBid. If there exist different agreements for such entities as builders, distributors, market makers, and digital Currencies exchanges, such agreements shall be followed.

IX. Coinsbid Accounts refers to foundational virtual accounts, which include main accounts and subaccounts, which are opened by CoinsBid for customers to record on CoinsBid their usage of CoinBid Services, transactions, asset modifications and fundamental data. CoinsBid accounts function the idea for customers to experience and exercise their rights on CoinsBid.

X. Cookies refers to messages that internet servers bypass on your net browser when you visit websites. Your browser shops every message in a small file, referred to as cookie. These files normally incorporate records about your visit to the website's web page, as well as any statistics you've volunteered, inclusive of your name and interests.

Change Of Terms

CoinsBid reserves the right to alternate or alter these phrases in its discretion at any time. CoinsBid will notify such modifications by means of updating the phrases on its internet site and enhancing the [Last revised] date displayed in this web page. ANY AND ALL MODIFICATION OR MODIFICATIONS TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR COMMUNICATED TO USERS. CONSEQUENTLY, YOUR CONTINUED USE OF COINSBID SERVICES IS DEEMED YOUR RECOGNITION OF THE MODIFIED AGREEMENT AND GUIDELINES.

Prohibition of Use


Registration Requirements

All Users must apply for a CoinsBid Account before using CoinsBid Services. When you register a CoinsBid Account, you must provide your real name, email address, phone number and password, and accept these Terms, the Privacy Policy, and other CoinsBid Platform Rules. CoinsBid may refuse, in its discretion, to open a Binance Account for you. You agree to provide complete and accurate information when opening a CoinsBid Account, and agree to timely update any information you provide to Coinsbid to maintain the integrity and accuracy of the information.


By registering to use a CoinsBid Account, you represent and warrant that (i) as an individual, you are at least 18 or are of legal age to form a binding contract under applicable laws; (ii) as an individual, legal person, or other organization, you have full legal capacity and sufficient authorizations to enter into these Terms; (iii) you have not been previously suspended or removed from using CoinsBid Services; (iv) you do not currently have a CoinsBid Account; (v) you are not from a Country or Jurisdiction prohibited from engaging in cryptocurrency trading.

User Identity Verification

Your registration of an account with CoinsBid will be deemed your agreement to provide required personal information for identity verification. Such information will be used to verify Users’ identity, identify traces of money laundering, terrorist financing, fraud and other financial crimes through CoinsBid, or for other lawful purposes stated by CoinsBid.

Termination Of CoinsBid Account

You completely agree that CoinsBid shall have the right to suspend or terminate your CoinsBid Account (and any Account beneficially owned by means of associated entities or affiliates), freeze or lock the digital property or finances in all such accounts, and suspend your access to CoinsBid for any reason which includes if CoinsBid suspects this sort of money owed to be in violation of these terms, our privateness policy, or any applicable legal guidelines and rules.

You settle that CoinsBid shall not be prone to you for any permanent or brief modification of your CoinsBid Account, or suspension or termination of your access to all or any portion of CoinsBid Services.

The remaining balance after CoinsBid Account Termination because of Fraud, Violation of regulation, or Violation of these terms automatically becomes a government property.

CoinsBid maintains complete custody of the digital assets, budget and User data/informations which can be handed over to governmental authorities in the occasion of CoinsBid Accounts’ suspension/closure arising from fraud investigations, investigations of violation of law or violation of these rules.

We Do Not Offer Financial Advice

CoinsBid is not your dealer, agent, broker or advisor and has no fiduciary dating or obligation to you in connection with any trades or other decisions or activities effected by you using CoinsBid Services

No communication or records provided to you by CoinsBid is meant as, or shall be considered or construed as, investment advice, monetary recommendation, trading advice, or another kind of recommendation.

Unless in any other case specified in these terms, all trades are executed robotically, based on the parameters of your order commands and according with published change execution processes, and you're entirely chargeable for determining whether or not any investment, investment approach or associated transaction is appropriate for you in step with your non-public investment goals, monetary instances and financial hazard tolerance, and also you shall be entirely liable for any loss or liability therefrom. 

Compliance With Local Laws

It is Users’ responsibility to obey local laws in relation to the legal usage of CoinsBid Services in their local jurisdiction as well as other laws and regulations applicable to Users. Users must also factor, to the extent of their local laws all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. CoinsBid will not take responsibility for any consequences or inconveniences experienced as a result of incompliance to local laws.


We employ the use of cookies. By accessing CoinsBid, you agreed to use cookies in agreement with the Team Blaze Global Enterprises' Privacy Policy.

Most interactive websites use cookies to let us retrieve the user’s details for each visit. Cookies are used by our website to enable the functionality of certain areas to make it easier for people visiting our website. Some of our affiliate/advertising partners may also use cookies.


Unless otherwise stated, Team Blaze Global Enterprises and/or its licensors own the intellectual property rights for all material on CoinsBid. All intellectual property rights are reserved. You may access this from CoinsBid for your own personal use subjected to restrictions set in these terms and conditions.

You must not:

Republish material from CoinsBid

Sell, rent or sub-license material from CoinsBid

Reproduce, duplicate or copy material from CoinsBid

Redistribute content from CoinsBid

This Agreement shall begin on the date hereof. Our Terms and Conditions were created with the help of the Terms And Conditions Generator and the Privacy Policy Generator.

Parts of this website offer an opportunity for users to post and exchange opinions and information in certain areas of the website. Team Blaze Global Enterprises does not filter, edit, publish or review Comments prior to their presence on the website. Comments do not reflect the views and opinions of Team Blaze Global Enterprises,its agents and/or affiliates. Comments reflect the views and opinions of the person who post their views and opinions. To the extent permitted by

applicable laws, Team Blaze Global Enterprises shall not be liable for the Comments or for any liability, damages or expenses caused and/or suffered as a result of any use of and/or posting of and/or appearance of the Comments on this website. CoinsBid reserves the right to monitor all Comments and to remove any Comments which can be considered inappropriate, offensive or causes breach of these Terms and Conditions.

You warrant and represent that:

You are entitled to post the Comments on our website and have all necessary licenses and consents to do so;

The Comments do not invade any intellectual property right, including without limitation copyright, patent or trademark of any third party;

The Comments do not contain any defamatory, libelous, offensive, indecent or otherwise unlawful material which is an invasion of privacy

The Comments will not be used to solicit or promote business or custom or present commercial activities or unlawful activity.

You hereby grant Team Blaze Global Enterprises a non-exclusive license to use, reproduce, edit and authorize others to use, reproduce and edit any of your Comments in any and all forms, formats or media.

Hyperlinking to our Content

The following organizations may link to our Website without prior written approval:

Government agencies;

Search engines;

News organizations;

Online directory distributors may link to our Website in the same manner as they hyperlink to the Websites of other listed businesses; and

System wide Accredited Businesses except soliciting non-profit organizations, charity shopping malls, and charity fundraising groups which may not hyperlink to our Web site.

These organizations may link to our home page, to publications or to other Website information so long as the link: (a) is not in any way deceptive; (b) does not falsely imply sponsorship, endorsement or approval of the linking party and its products and/or services; and (c) fits within the context of the linking party’s site.

We may consider and approve other link requests from the following types of organizations:

commonly-known consumer and/or business information sources;

dot.com community sites;

associations or other groups representing charities;

online directory distributors;

internet portals;

accounting, law and consulting firms; and

educational institutions and trade associations.

We will approve link requests from these organizations if we decide that: (a) the link would not make us look unfavorably to ourselves or to our accredited businesses; (b) the organization does not have any negative records with us; (c) the benefit to us from the visibility of the hyperlink compensates the absence of Team Blaze Global Enterprises; and (d) the link is in the context of general resource information.

These organizations may link to our home page so long as the link: (a) is not in any way deceptive; (b) does not falsely imply sponsorship, endorsement or approval of the linking party and its products or services; and (c) fits within the context of the linking party’s site.

If you are one of the organizations listed in paragraph 2 above and are interested in linking to our website, you must inform us by sending an e-mail to [email protected] Please include your name, your organization name, contact information as well as the URL of your site, a list of any URLs from which you intend to link to our Website, and a list of the URLs on our site to which you would like to link. Wait 2-3 weeks for a response.

Approved organizations may hyperlink to our Website as follows:

By use of our corporate name; or

By use of the uniform resource locator being linked to; or

By use of any other description of our Website being linked to that makes sense within the context and format of content on the linking party’s site.

No use of CoinsBid logo or other artwork will be allowed for linking absent a trademark license agreement.


Without prior approval and written permission, you may not create frames around our Webpages that alter in any way the visual presentation or appearance of our Website.

Content Liability

We shall not be hold responsible for any content that appears on your Website. You agree to protect and defend us against all claims that is rising on your Website. No link(s) should appear on any Website that may be interpreted as libelous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.

Your Privacy

Please read Privacy Policy

Reservation of Rights

We reserve the right to request that you remove all links or any particular link to our Website. You approve to immediately remove all links to our Website upon request. We also reserve the right to amen these terms and conditions and it’s linking policy at any time. By continuously linking to our Website, you agree to be bound to and follow these linking terms and conditions.

Removal of links from our website

If you find any link on our Website that is offensive for any reason, you are free to contact and inform us any moment. We will consider requests to remove links but we are not obligated to or so or to respond to you directly.

We do not ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we promise to ensure that the website remains available or that the material on the website is kept up to date.


To the maximum extent permitted by applicable law, we exclude all representations, warranties and conditions relating to our website and the use of this website. Nothing in this disclaimer will:

limit or exclude our or your liability for death or personal injury;

limit or exclude our or your liability for fraud or fraudulent misrepresentation;

limit any of our or your liabilities in any way that is not permitted under applicable law; or

exclude any of our or your liabilities that may not be excluded under applicable law.

The limitations and prohibitions of liability set in this Section and elsewhere in this disclaimer: (a) are subject to the preceding paragraph; and (b) govern all liabilities arising under the disclaimer, including liabilities arising in contract, in tort and for breach of statutory duty.

We will not be liable for any loss or damage of any service rendered free of charge on this website.

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