Terms of Service
Effective Date: August 17, 2026
1. Agreement to Terms
By accessing or using the FuchaX platform, mobile applications, or associated peer-to-peer services, you agree to be bound by these Terms of Service. If you do not agree, you must not access or use the platform.
2. Eligibility & Account Verification
You must be at least 18 years of age to register an account on FuchaX. To unlock peer-to-peer trading capabilities, you must complete identity verification (KYC Level 2) including government ID number submission (BVN/NIN) and 3D facial biometric liveliness detection.
3. P2P Trading & Escrow Protocol
FuchaX provides automated smart escrow infrastructure for peer-to-peer cryptocurrency trades. When an order is placed, the seller's crypto assets are locked in escrow. The seller must verify payment receipt in their bank account before releasing escrow. FuchaX is not responsible for off-platform transactions or payments sent to incorrect bank details provided by users.
4. Dispute Resolution
In the event of a trade dispute, either party may request FuchaX support intervention. Users must provide valid proof of payment (bank statements or official transfer receipts). FuchaX support decisions regarding escrow release during active disputes are final and binding.
5. Prohibited Activities
Users are strictly prohibited from engaging in fraudulent chargebacks, third-party payment manipulation, money laundering, or using stolen bank accounts. Accounts engaging in suspicious activities will be immediately suspended and reported to relevant compliance authorities.
6. Limitation of Liability
FuchaX is not liable for indirect or consequential damages resulting from market price volatility, bank network delays, or unauthorized account access resulting from compromised user credentials or PINs.