No Custody and No KYC Compliance Statement

BidCoin is a decentralized auction platform that facilitates blockchain-based auctions for both physical and digital items. All interactions on the platform are powered by transparent, self-executing smart contracts deployed on the blockchain.

BidCoin acts solely as a facilitator of auctions and does not act as a custodian of user funds, nor does it verify or validate user identities.

BidCoin is a non-custodial platform. This means:

• The platform does not store, manage, or have access to user funds, bid fees, or auction payments.
• All financial transactions are conducted directly on the blockchain through smart contracts.
• Users maintain full control over their wallets and private keys.

For auctions involving physical goods, BidCoin collects the minimum information required to facilitate delivery. This includes:

• Full name
• Delivery address
• Contact phone number
• Email (for shipment tracking or communication)

How We Handle Data:

• This data is collected solely for the purpose of order fulfillment and passed securely to third-party logistics providers for delivery.
• BidCoin does not verify or store this data beyond what is necessary for operational purposes.
• Users are responsible for ensuring the accuracy of the information provided.

• BidCoin does not require Know Your Customer (KYC) verification.
• We do not collect government-issued IDs, proof of address, or other personal verification documents.
• Delivery data for physical goods is not used for identity verification or checked against any third-party databases.
• Users interact with the blockchain through their own wallets and retain full anonymity within the platform, except when providing delivery information for physical goods.

• All auctions and bidding activities on BidCoin are conducted exclusively in cryptocurrency.
• Bid fees and auction purchases are processed directly via blockchain smart contracts, ensuring a transparent, decentralized process.
• BidCoin does not handle fiat payments or facilitate fiat-to-crypto conversions. Users are responsible for any currency conversion through external services.

• BidCoin operates as a decentralized platform, leveraging blockchain technology to ensure transparency, security, and trust.
• Smart contracts autonomously execute all auction activities, from bid placement to final purchase.
• All bidding and payment activity is publicly verifiable on the blockchain.
• BidCoin does not intervene in the bidding process or control the outcome of any auction.

For physical goods purchased through the platform:

• Delivery data is collected and securely transmitted to third-party logistics providers for fulfillment.
• BidCoin is not responsible for delays, losses, or damages caused by third-party services.
• The user accepts full responsibility for providing accurate delivery details and understands that BidCoin does not verify this information.

• BidCoin is committed to protecting user privacy.
• Delivery data is stored temporarily and only for the duration necessary to facilitate order fulfillment.
• We do not use delivery data for marketing, identity verification, or any purpose other than order fulfillment.

Users participating on the BidCoin platform acknowledge and accept the following:

• They are fully responsible for safeguarding their wallets, private keys, and cryptocurrency assets.
• Users must ensure compliance with the laws applicable in their respective jurisdictions.
• Users must provide accurate delivery information for physical goods and accept responsibility for any issues arising from incorrect details.

BidCoin provides a decentralized platform for blockchain-based auctions and is not liable for:

• Errors or losses caused by user negligence, including the loss of private keys or incorrect wallet addresses.
• Delays or failures in third-party services, including delivery providers.
• Regulatory obligations in specific jurisdictions, which are the sole responsibility of the user.

As the regulatory landscape for blockchain technology evolves, BidCoin reserves the right to implement additional compliance measures, including KYC, to meet future operational or jurisdictional requirements. Any changes will be communicated transparently to users.