Bit Crypto FT

1. Introduction & Our Commitment

Bit Crypto FT is a fully privacy-focused peer-to-peer (P2P) crypto marketplace. We believe that privacy is a fundamental right when it comes to digital asset transactions.

KYC‑Less by Design, but Not Fully Anonymous
Bit Crypto FT operates as a KYC‑Less platform — we do not ask for government‑issued IDs, proof of address, or any traditional identity documents. However, a 100% anonymous P2P environment is not practically achievable while maintaining security and fraud prevention. Therefore, we have implemented Advanced Verification using your Telegram Chat ID and Bot Token. This allows us to uniquely identify you without collecting intrusive personal data, while still protecting the integrity of our marketplace.

2. What Information Do We Collect?

Since this is a private P2P marketplace, we collect only the minimal information necessary:

2.1. Information Required for Account Management

• Basic identity: Your name and email address.
• Communication methods: Telegram username, chat ID, and bot token (used only for verification and notifications).
• Payment details: The payment methods you use for transactions (e.g., bank account details).

2.2. Transaction-Related Information

• Cryptocurrency wallet addresses.
• Deposit and withdrawal request details.
• Order amounts, prices, and timestamps.

2.3. Automatically Collected Technical Data

• IP address, browser type, and operating system.
• Platform activity (which pages you visit, how long you use the platform).

2.4. Advanced Verification via Telegram

Because we are a KYC‑Less platform, we cannot rely on traditional identity documents. Instead, we use Telegram Chat ID and Bot Token as a reliable, privacy‑preserving verification method. This enables us to:

• Uniquely link your account to a real Telegram user without storing any government‑issued ID.
• Send you real‑time order notifications and payment confirmations.
• Prevent bots and duplicate accounts from abusing the system.

Your Telegram Chat ID and Bot Token are never shared with other users or third parties. They are used exclusively for verification and communication purposes.

3. How Do We Use Your Information?

Collected information is used only for the following purposes:

3.1. Core Platform Operations

• Creating and managing your account.
• Matching P2P orders and completing transactions.
• Ensuring secure transactions via our Escrow service.

3.2. Security & Fraud Prevention

• Verifying your identity (via Telegram Advanced Verification).
• Detecting suspicious activities to protect your account.

3.3. Communication & Support

• Sending order updates (e.g., payment confirmation, release notifications).
• Resolving your questions or complaints.

3.4. Platform Improvement

• Analysing user experience to make the platform more efficient and user-friendly.

4. Information Sharing (We Never Share)

The only exception is the basic requirement of P2P transactions:

• When you trade on an order, only that specific buyer or seller can see your payment details (such as payment number) so they can send you funds. This is a normal part of P2P marketplace operations.

Beyond that:

• Your email, Telegram ID, transaction history, or any other sensitive information is never shared with other users or third parties.
• We do not share your data with any advertising company or data broker.

Legal requirement: If a valid legal request (such as a court order) is received, we are obligated to comply with the law. However, in such cases, we will always first strive to protect your rights and inform you if possible.

5. Data Retention & Security Measures

5.1. Where and How Long Is Data Stored?

• Basic information is kept as long as your account remains active.
• Transaction records (orders, deposits, withdrawals) are retained for a specific period as required for legal and accounting purposes.
• If you delete your account, we will permanently erase all your personal data (except for records we are legally required to keep).

5.2. How Do We Protect Your Information?

• Strong encryption: Your data is protected via SSL/TLS encryption during transfer.
• Encrypted databases: Stored data is kept in encrypted form, making it meaningless to hackers.
• Restricted access: Only a very limited number of platform administrators can access your information, and only when needed for technical support.

6. Your Rights

As a private platform, we ensure you have full control over your data:

• Right to access: You can find out what information we hold about you.
• Right to rectification: You can update or correct any information in your profile.
• Right to erasure: You can request to delete your account and all associated data at any time.
• Right to withdraw consent: You can inform us if you no longer consent to the processing of your data.

To exercise these rights, please email us or use the profile settings on the platform.

7. Cookies

We use minimal cookies to keep your login session active and remember your preferences (such as your currency choice).

• You can block cookies via your browser settings, but some platform features may not work properly.
• We do not use any third‑party tracking or advertising cookies.

8. Third‑Party Links

Our platform may contain links to Telegram or other sites. Clicking on these links will subject you to their own privacy policies. We are not responsible for the privacy practices of third‑party websites.

9. Children's Privacy

Our platform is intended for individuals aged 18 or above. We never knowingly collect information from children.

10. Changes to This Policy

We may update this privacy policy from time to time. If we make any significant changes, we will notify you via email or through a platform notification. The date of the latest update is shown at the top of this page.

11. Contact Us

Your privacy is very important to us. If you have any questions, concerns, or complaints about this policy or your data, please do not hesitate to reach out:

• Email: mmd866798@proton.me
• Platform: Use the "Help" or "Contact" option.

We will try to respond to your message within 24‑48 hours.

12. Crypto‑Specific Privacy

• Blockchain data: Please keep in mind that crypto wallet addresses and amounts are recorded on the public blockchain, which is beyond our control. We only protect your platform‑based information.
• Escrow lock: During a trade, your crypto assets are locked in escrow. The details of this locked balance are kept completely private and are only released upon successful completion of the order.

KYC‑Less Approach: By using Telegram‑based Advanced Verification, we avoid the need for full KYC documents while still maintaining a secure and trustworthy environment for all users.