Transferring digital funds has become easier by the day with the growing technology available today. In this age where transactions and communication are done at rapid speed, currency transactions must also follow suit. Bitcoin transactions are generally faster than bank transfers and international wire transfers, from instantaneous to an average of 10 minutes.
Credit card transactions may also be immediate but using cards comes with a charge fee. Merchants, and sometimes consumers, usually have to pay a fee whenever a credit or debit card is used to perform a purchase. However, using bitcoin decreases those fees as the transactions are processed by competing computers and not by a financial company.
Once bitcoins are sent, there is no method to retrieve them unless the recipient agrees. This is a great method in preventing scams and frauds in which people perform purchases then ask for a chargeback.
Using bitcoin instead of credit cards also safeguards payment and private information. Most online purchases run a risk of having the card’s information stolen as you have to provide the full card details. Bitcoin uses the combination of your public and private keys to sign a transaction, therefore certifying that the transaction came from you.
Bitcoin is a relatively private currency. Transactions are transparent in terms of everyone being able to see where the fund comes from, where it goes and how much a particular bitcoin address holds in transactions. However, the holder of the address remains private and unknown.
Normal currency can be printed and injected into the economy by the government, which can cause the value of the currency to decrease. However, unlike normal currency, bitcoin was designed with a maximum amount when the system was created. This means that the number of bitcoins remains constant thus preventing inflation or monetary meltdown.
While you can buy bitcoins on the open market, you can also produce bitcoins and increase your funds. Bitcoins can be created through mining, which is a process of solving complex mathematical problems using computers that run bitcoin software.
CoinPayments is the first and largest payment processor Integrated payment gateway for all of the cryptocurrencies
Terms of Service
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This is a binding agreement between MyBitFarmer and you as a member, user, advertiser. By using the Internet site located at www.MyBitFarmer.com (the Site) or any services provided in connection with the Site (the Service), you agree to abide by these Terms of Service, as they may be amended by MyBitFarmer from time to time in its sole discretion. It is your responsibility to review these Terms of Service periodically, and if at any time you find these Terms of Service unacceptable, you must immediately leave the Site and cease all use of the Service and the Site. You agree that by using the service you represent that you are at least 18 years old and that you are legally able to enter into this agreement.
User AccountPayments to UsersAnti-Cheat PolicyAccount SuspensionLiability
It is prohibited to transfer or sell accounts.
As your password must be kept secret from others, we store it in an irreversible format. Guarding your account is your responsibility, and we shall not be made liable for any improper access to your account due to password management issues.
You can only have one account. Any attempt to create more than one account will lead to the termination of all of them. This also applies to your Bitcoin account which must be unique and not shared with any another user.
Your email addresses will not be shown, given or sold under any circumstances.
MyBitFarmer will not modify any user account upon request. Upline and username change requests will be declined.
By joining MyBitFarmer you agree to receive periodic emails from our service. Emails sent by MyBitFarmer will be for the purpose of informing members of important news and updates.We will never send emails promoting any other website or service. We hate spam as much as you do.
We accept any kind of advertisement except for pages that break out of frames, have malicious code, redirect to another page, have adult, illegal content, contain any kind of multi-level offers or contain referral sales. Also, any advertisement that uses the name of MyBitFarmer for any unrelated services is not tolerated.
All payments will be made via Bitcoin only. No other method of payment is available at this time. You can only request a limited amount to be paid to the payment processor you've used to make the most of your purchases in monetary amount. The maximum amount you can request is subject to Smart Payment System.
MyBitFarmer reserves the right to update the earnings of a member prior sending the payment. All payments will be made within 48 hours.
Payment fee (0.50$ + %10) will be deducted due to Bitcoin merchant services.
You must have a correct and verified Bitcoin account in your own name. All payments will go directly to the user's email address and cannot be canceled or sent again. To have your payment sent by Bitcoin, make sure you are logged in from a country where Bitcoin allows members to receive money to their accounts.
We are responsible only for submitting your payment to the payment processor. Any action after that is to be handled by the payment processor's support.
Users must accept the payments made to their Bitcoin accounts in 30 calendar days or will have the payment canceled and it will not be refunded.
Your payment processor account must be fully functional and have no limitations for investment and/or withdrawals. Investments from limited or frozen payment processor accounts will be automatically denied. Withdrawals to limited or frozen accounts will be denied and will not be refunded to your MyBitFarmer`s main balance. Member can not change his/her registered Bitcoin id upon getting limited by Bitcoin.
Any refund of any payment we send you will be ignored and it won't be added back to your account nor sent again.
The minimum withdrawal may be changed at any time . Any payment with a value lower than minimum deposit will be marked as Invalid.
The purchase of upgrade or buy items in the site is non-refundable.
Each attempt, in any way, to hack into the system will be logged. MyBitFarmer will be monitoring all hacking attempts and may take legal action in respond. Any attempts of piracy and/ or unlawful act will lead to account suspension immediately.
You are not allowed to use any kind of software, application or other kind of automated software. All accounts will be caught and will be automatically suspended.
Sometimes we will warn you, sometimes we will not. In either way, when you request payout, our monitoring system will analyze your actions and take its own actions in return. Normally, attempts to hack the system will result in account termination. We may or may not inform you that your account was terminated.
MyBitFarmer have the right to suspend any account at any time for a valid reason including, but not limited to, the disrespect of our Terms of Service. Moreover, any misuse of Upgrade bonus rewards will lead to the reversals of bonus rewards. Members are not allowed to offer cashbacks to the ones who have no genuine interest in becoming a member. If detected, these members will be removed from their uplines.
Once an account is temporarily suspended, all the balances will be reset. Suspended accounts will be archived and you cannot register using the same name, username or email addresses.
After 10 days of inactivity, your account will be temporarily suspended and permanently suspended after 60 days of inactivity. We won't delete user's accounts for any reason even if they are active, terminated or suspended. Any owner of the suspended account due to inactivity will need to open or request a new account.
MyBitFarmer will not be liable for any kind of delays or failures that are not directly related to the site and therefore beyond our control.
MyBitFarmer reserves the right to alter the Terms of Service at any time, including fees, special offers, benefits and rules, amongst others, and also reserves the right to cancel its services any time and without any notice.
MyBitFarmer will not be held responsible for any losses of its users, advertisers or advertisements. This also includes every supplier we depend on.
MyBitFarmer is not responsible for any tax payment for you on what you receive from us. It's your responsibility to declare what you've received and pay your country's taxes.
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