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Registration User Terms and Conditions Welcome to BitsOfGold, an open source platform to buy, sell, trade, transfer and redeem REAL GOLD bullion, digitized gold denominations and gold derived products and services. If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern our relationship with you in relation to this website and / or any trades, purchases, sales, redemptions and transfers you make here. If you disagree with any part of these terms and conditions, please abort and do not use our website. The use of this website is subject to the following terms and conditions: You must be minimum 18 years and / or of legal age in your country of residence and be eligible to enter into and be bound by legal / civil contracts. If for any reason you are not eligible to enter into legally binding contracts, you must immediately abort and not use this website. The content at the home page and other areas viewable by unregistered users, including our postal and electronic addresses and telephone number are for general purpose information only and can’t be used as a reference in any legal, civil or criminal proceedings. Your viewership of these areas is absolutely at your own discretion and not in any manner solicited or encouraged by us. This website uses cookies to monitor browsing preferences. If you do not allow cookies to be used you must immediately abort and not register at this website. Your registration as a user means an explicit permission to use / store cookies at your computing terminal (s) irrespective of the device (s) being used by you at any time without any further notifications and /or consents. We handle your personal information as highly confidential and do not share it with any third parties except GBC Guild (Private) Limited, the company that owns this website and its affiliate companies. We never use or allow any third parties to contact you on our behalf by any means whether electronic, written, verbal, oral or personal contact and would not be responsible or liable for any communications, understandings, commitments, promises or agreements between you and any third party that may contact you citing themselves as our representatives, associates, attorneys or agents. You hereby indemnify us from any losses or damages arising from your interaction with such fraudulent / impersonating third parties as mentioned above in this paragraph. We will never ask your password (s), personal identification number (PIN) or personal information over the telephone or any other electronic or conventional communication means like written correspondence or letters. Please do not reveal your password (s), private keys, PINs and personal information to anyone and keep such information secured at all times. We will not be responsible or liable for any losses incurred by you due to stolen passwords or disclosure of your private keys and PINs, whether inadvertently or by willful act on your part. You hereby indemnify us from any looses or damages arising from stolen passwords or disclosed information as mentioned above in this paragraph. While we make every effort to keep your personal and financial information secure at all times using best open source technologies and means of securing data, we cannot be held responsible or liable for any data breach due to force majeure like theft, robbery, or due to any natural or man-made calamities like act of war or forceful entry into our integral or third party electronic data storage (s). You hereby indemnify us from any losses or damages arising from any situation as mentioned above in this paragraph. The prices of various products, commodities and currencies displayed at this site are fetched from different information providers (paid and free sources) and are for use at this website only. You are not allowed to copy or reproduce and / or refer to these prices outside this website. We may not be held responsible for any unwanted consequences, damages, losses or inconveniences arising from use of any information provided at this site for any reference, dealings or contracts outside this website and you hereby explicitly agree and indemnify us from any such losses or damages as mentioned in this paragraph. Cash credits that we may offer from time to time are meant for purchases / trades at this website only and are non-redeemable as cash immediately. All cash credits carry a vesting limitation of minimum 2 years unless specified otherwise. This means that you cannot withdraw or redeem these credits unless you have been an active user of this website for a minimum of two years after such credits were made / advanced to you. For the purpose of this website being an active user means a user who has made at least one or more transactions the total of which is equivalent to the price of 31.103 grams of gold at the time of consideration of being active or inactive. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular product or service. You acknowledge that such information and materials may contain inaccuracies or errors and you expressly indemnify us from any liability for any such inaccuracies or errors. Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements. This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions. All trademarks reproduced in this website which are not the property of, or licensed to, the operator are acknowledged on the website. Unauthorized use of this website may give rise to a claim for damages and/or be a criminal offence. From time to time this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse that other website(s). We have no responsibility for the content of the linked website(s). Any attempt to cause damage to this website or its content in any shape, form or format or to use any technique with the object of hacking into or causing malfunction or delay to orderly flow of data will be viewed seriously and offenders pursued in accordance with the international, state and local criminal, civil and cyber laws as applicable in their country / state of residence and / or in effect in the territorial limits of Islamic Republic of Pakistan. Commission: With a view to encouraging new users no commission is levied at purchase time. A commission of two percent is charged on all redemptions with no exceptions. Tax Liability. The following taxes apply to all drawls made at this site: Sales Tax will be charged using the following formula: [(Drawl Amount / Current Unit Price) * Current Unit Price * 0.01] Withholding tax will be charged using the following formula: [[(Drawl Amount / Current Unit Price) * (Current Unit Price – Average Unit Cost)]* 0.075] All of the above calculations are performed by the system using a sophisticated built in formula. A hard copy of the calculation sheet may be demananded by paying a failitation fee of Rs.3500/- in our Askari Bank Account. By proceeding to register you hereby acknowledge that you have read, understood and undertake to abide by these terms and conditions. You also expressly agree and acknowledge to indemnify the Owners, Management and Employees of this website from any damages or losses incurred by you from use of this website and as result of trades, purchases and sales made at this website. I Accept User Terms and Conditions