Terms & Conditions
Last Updated: September 30, 2025
Please read these Terms and Conditions carefully before using the services of BlockHive Ventures LLP. Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms.
1. Introduction
These Terms and Conditions govern your use of the services provided by BlockHive Ventures LLP ('we', 'us', 'our'). By engaging with our services, you agree to be bound by these terms in full. Do not use our services if you disagree with any part of these terms.
2. Eligibility
You must be at least 18 years of age and a resident of India to use our services. You must have the legal capacity to enter into binding contracts and must comply with all applicable laws and regulations.
3. Services Provided
BlockHive Ventures LLP facilitates the buying and selling of cryptocurrency exclusively through the Binance Peer-to-Peer (P2P) platform. We do NOT provide custodial services, investment advice, financial advice, or trading signals. Our role is strictly that of a transaction facilitator.
4. User Account & KYC/AML Compliance
To use our services, you must complete our mandatory KYC/AML verification process as detailed in our KYC & AML Policy. You agree to provide accurate, current, and complete information and to update this information to keep it accurate. You are responsible for all activities that occur under your account.
5. Binance P2P Transactions
All transactions are conducted on the Binance P2P platform, and you are therefore also subject to Binance's terms of service. We are not responsible for any issues, disputes, or losses that arise from your use of the Binance platform itself.
6. Fees and TDS
Our transaction fees will be clearly communicated to you before you confirm a trade. In compliance with Indian tax law, we are required to deduct 1% Tax Deducted at Source (TDS) on all applicable cryptocurrency transactions, which will be remitted to the government on your behalf.
7. Risk Disclosure
Trading cryptocurrency involves significant risk and is not suitable for all individuals. The value of cryptocurrencies can fluctuate widely, and you could lose all of your invested capital. You acknowledge and agree that you are aware of these risks and that you are solely responsible for your own trading decisions.
8. Limitation of Liability
To the fullest extent permitted by law, BlockHive Ventures LLP shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from your access to or use of our services.
9. User Conduct
You agree not to use our services for any illegal or unauthorized purpose, including but not limited to money laundering, terrorist financing, or fraud. Any such activity will result in immediate termination of services and reporting to law enforcement.
10. Privacy Policy
Our collection and use of your personal information is governed by our Privacy Policy. By using our services, you consent to our collection and use of your data as described therein.
11. Termination
We reserve the right to suspend or terminate your access to our services at any time, without notice or liability, for any reason, including if you breach these Terms and Conditions.
12. Governing Law
These Terms and Conditions shall be governed by and construed in accordance with the laws of India. Any disputes relating to these terms will be subject to the exclusive jurisdiction of the courts of India.
13. Amendments
We may revise these Terms and Conditions from time to time. The revised terms will apply to the use of our services from the date of their publication on our website. Please check this page regularly to ensure you are familiar with the current version.