Non-Custodial and Non-KYC Principles

BidCoin is a decentralized platform operating in a jurisdiction where cryptocurrency is unregulated. Users are solely responsible for understanding and complying with the laws and regulations.

8.1 Non-Custodial

BidCoin is designed as a non-custodial platform, meaning users retain full control of their funds at all times. BidCoin never takes possession of your crypto assets. Your funds remain in your own wallet, and you interact directly with the smart contracts.

8.2 Non-KYC

Furthermore, BidCoin operates on a non-KYC (Know Your Customer) basis. We do not require users to provide personal identification information to participate in auctions or stake tokens. This commitment to privacy aligns with the decentralized ethos of blockchain technology.

However, users are solely responsible for understanding and complying with the laws and regulations of their own jurisdiction regarding cryptocurrency and online auctions. BidCoin assumes no responsibility for users' legal compliance.