OKX P2P Merchant Program Service Agreement

Please confirm that you have thoroughly read all the contents of this agreement before starting the application for 'P2P Merchant Program.' Once you begin the verification process, it means you fully understand and agree to accept all the terms of this agreement. To enhance transaction security and the credibility of customer identities registered on this platform, OKX (hereinafter referred to as 'this website') provides you with verification services. When you apply for verification, this website has the right to take any measures it deems necessary to identify the customer's identity. However, as an ordinary network service provider, the methods this website can employ are limited, and there are certain difficulties in verifying customer identities on the network. Therefore, this website does not guarantee the accuracy or absolute authenticity of the identities of customers who have completed verification.

Materials required for verification

1. Name, phone number, WeChat (or Telegram), nickname, emergency contact name, emergency contact phone number, relationship with emergency contact.

2. Asset Margin (P2P Merchant Program are required to pay a certain amount of margin, and the specific amount will be shown in the customer's asset management.)

Verification process

Complete information ➡ Pay margin ➡ Wait for review ➡ Review feedback (within 3 calendar days)

Verification process

1) A unique badge will be provided to verified P2P Merchant Program to distinguish them from unverified Makers;

2) Transfer the margin to the margin account belonging to the verified merchant. The verified merchant cannot conduct a transaction or transfer the funds in this account.

verification revoked

If a P2P Merchant Program needs to revoke their verification, they must submit an application on this website. If there are no unresolved disputes or records of behavior affecting transaction security in the certified merchant's account, the website will review and approve the application within 7 calendar days, and transfer the funds from the margin account to the merchant's operational account. If the merchant still has unresolved disputes, the margin will remain frozen until all disputes are resolved.

I. Understanding and Agreement on Verification Services

1.1. The verify service is an identity verify service provided by this website. Once you have completed verify for your account on this website, the corresponding identity information and verify results cannot be modified or canceled for any reason; if your identity information changes after verify is completed, you must provide this website with supporting documents issued by the relevant authorized department within two days, so that this website can assist you in updating the corresponding verify information for your account, otherwise, you will bear all consequences independently.

1.2. This website reserves the right to unilaterally modify or change the content of this agreement at any time, and will announce the updated agreement text on this website without notifying you individually. If you continue to use the services provided by this website after any modification or change to this agreement, it means you have read, understood, and agreed to accept the updated agreement; if you do not agree to the updated agreement, you should immediately stop using the services of this website.

2. Regarding the use of verification materials and margin

2.1.Management of verify information: The verify information you submit to this website during verify is irrevocably authorized to be retained by this website. This website promises not to disclose, edit, or reveal your verify information, nor use non-public content stored on this website for commercial purposes, except as required by law or agreement, or in the following circumstances:

1) You authorize this website to disclose the relevant information;

2) This website provides information to authorized authorities;

3) This website provides services to its affiliated companies;

4) When a third party provides services to you together with this website, the third party will provide you with the relevant information required for the service (excluding your bank account information).

5) Based on the need to resolve civil disputes between you and third parties, this website has the right to provide your identity information to such third parties.

2.2. Margin: The margin will be used to ensure the security of trades. If a P2P Merchant Program is involved in a dispute during a trade and is found by law enforcement authorities to be at fault and should bear corresponding responsibility, this website has the right to independently decide, or act upon the request of law enforcement authorities or customers, to take action on your margin and use it for the compensation of the relevant customer's losses. Your signing up on this website will be deemed as your agreement that the website has the right to take action on the margin in the event of your non-cooperation.

3. Links to Third-Party Websites

3.1. To facilitate identity verification, this website may contain links to third-party websites (such as online banking sites) (hereinafter referred to as "Linked Sites"). The "Linked Sites" are not controlled by this website, and this website is not responsible for the content of any "Linked Site," including but not limited to any links contained within a "Linked Site," or any changes or updates to a "Linked Site." This website is not responsible for any webcasting or other form of transmission received from any "Linked Site."

4. No illegal or prohibited use allowed

4.1. Accepting all the instructions, terms, and conditions of this agreement is a prerequisite for your verification application. You declare and warrant that you will not apply for verification for any illegal purpose or for any purpose prohibited by this agreement, the OKX Service Terms, or the Maker Code of Conduct. You must not use this verification service in any way that could damage, disable, overload this website or other websites and services, or interfere with others' applications for P2P Merchant Program. You must not obtain or attempt to obtain any customer data or information by any means not expressly permitted by this website.

5. About Disclaimer

In the following situations, this website bears no responsibility:

5.1.If your personal information is leaked due to you disclosing your account password to others, failing to keep your password secure, sharing your account with others, or any other reason not attributable to this website.

5.2. Any disclosure, loss, theft, or alteration of authentication information caused by hacker attacks, computer virus intrusions or outbreaks, technical adjustments by telecommunications departments, temporary shutdowns due to government regulations, third-party reasons (including force majeure, such as failures of international backbone lines and international telecommunications providers, fire, water damage, lightning strikes, earthquakes, floods, typhoons, tornadoes, volcanic eruptions, epidemics and infectious disease outbreaks, strikes, wars or acts of violence, or similar events), and other causes not attributable to this website.

5.3. Due to the disclosure of bank account information caused by other websites linked to this site (such as online banking, etc.), and any resulting legal disputes and consequences.

5.4. Any failure to pass verification or any other losses caused by the customer providing incorrect, incomplete, or false information to this website are not the responsibility of this website.

6. Special Statement

In the following situations, this website bears no responsibility:

6.1. The basic information review and margin requirements conducted by this website for P2P Merchant Programs do not mean that P2P Merchant Programs are 100% trustworthy, nor do they indicate any guarantee relationship between this website and P2P Merchant Programs. Customers of this website are advised to strictly follow the trade procedures, thoroughly review the information of the counterparty, communicate in detail, and ensure the safety of their own trades and assets! At the same time, due to the special nature of digital asset trades, you need to pay extra attention to anti-money laundering risks and understand the identity of your counterparty in accordance with KYC principles. Otherwise, you may face risks such as asset freezing if your counterparty is suspected of criminal activity.