Birake Exchange Delisting Policy

  1. If a digital asset/coin/token does not have any transaction in more than 10 consecutive days we may choose to delist the coin.

  2. From time to time, we may delist Coins from the Platform (meaning they can no longer be traded) for technical, legal or any other reason at our discretion.

  3. Generally, the procedure in which we will delist a specific Coin is as follows:

    1. the market for the Coin is closed and from that point you will not be able to buy or sell the Coin;

    2. we will give at least a 30 day notice on the removal of the Coin. At that time, the status of the Coin becomes “delisting”.

  4. During the 30 day notice period, you must ensure that you withdraw the specific Coin from the Platform, to an external wallet, and cancel any outstanding transactions. If you do not withdraw your balance of the Coin from the Platform you may lose the balance of the Coin at the time it is removed.

  5. After the notice period and once the Coin is delisted, the Coin will no longer be able to be deposited, withdrawn, bought or sold on the platform. If possible, any unprocessed transactions in respect of the Coin will not be processed and any related Coin or amount will be returned to the User.

  6. You acknowledge that we may immediately delist a Coin, without following the process set out above, where the removal is urgently required for compliance with any Applicable Law or where we consider the continued support of the Coin may result in a serious risk of harm or legal liability to us, the Platform, the Services or any User.

  7. You acknowledge that some Coins may be delisted without the option to withdraw the Coin from the Platform during the 30 day notice period. This will occur when the Coin is unable to be withdrawn due to technical, legal or any other reason at our discretion.

  8. The Developers of a cryptocurrency are obliged to compensate losses incurred by the Exchange due to attacks on the cryptocurrency’s blockchain.

  9. The Exchange reserves the right to freeze a cryptocurrency wallet until losses have been fully compensated or to delist a cryptocurrency from the Exchange in the event of refusal to provide compensation.

  10. Should the Developers violate any of their obligations, which leads to users making claims against the administration of the Exchange, they are obliged to respond to all claims which the administration of the exchange has brought to their attention.

  11. In the event the Coin is delisted, the listing fee is not refunded to the Developer.

  12. Birake Exchange does not accept any liability, either directly or indirectly, with any loss caused by delisting a Coin.