Recurring Buy User Terms
(Last update: 25th September 2025)
THESE TERMS, TOGETHER WITH THE INVESTOR BUSINESS TERMS, RELATED ACCOUNT OPENING DOCUMENTS, THE EXCHANGE RULES, ANY OTHER RELEVANT AGREEMENTS INTO WHICH THE CLIENT AND HBL HAVE ENTERED, CONSTITUTE THE ENTIRE AGREEMENT AND CONTAINS IMPORTANT TERMS AND CONDITIONS APPLICABLE TO THE ACCOUNT. HBL MAY IN ITS ABSOLUTE DISCRETION DISCLOSE TO THE CLIENT THE RISKS OF THE CLIENT’S USE OF THE SERVICES FROM TIME TO TIME. THESE TERMS DO NOT FULLY DISCLOSE THE RISKS OR MATERIAL ASPECTS OF CONDUCTING TRANSACTIONS OR USING THE SERVICES. THE CLIENT SHOULD NOT CONSTRUE THESE TERMS AS LEGAL, TAX OR FINANCIAL ADVICE. HBL IS NOT ACTING AS THE CLIENT’S FINANCIAL ADVISOR AND THE CLIENT MUST NOT REGARD HBL AS ACTING IN THAT CAPACITY. THE CLIENT SHOULD CONSULT ITS OWN INDEPENDENT PROFESSIONAL ADVISORS BEFORE ENTERING INTO ANY TRANSACTION AND ONLY USE THE SERVICES IF THE CLIENT HAS FULLY UNDERSTOOD THE NATURE, THE CONTRACTUAL RELATIONSHIP INTO WHICH HE IS ENTERING, ALL RELEVANT TERMS AND CONDITIONS AND THE NATURE AND EXTENT OF THE CLIENT’S EXPOSURE TO LOSS. THE CLIENT HAS BEEN RECOMMENDED TO READ THESE TERMS CAREFULLY AND RETAIN THESE FOR THE CLIENT’S RECORDS. |
To:
Hash Blockchain Limited
Unit 614-615, Level 6, Core D,
Cyberport 3, 100 Cyberport Road, Hong Kong
(“HBL”, “we” or “us”)
- Introduction
1.1 These Terms govern your use of the recurring buy service (“Recurring Buy Service”) which HBL may provide to you from time to time. If you (“Client”) do not agree to any terms or conditions of these Terms, you must immediately cease using the Recurring Buy Service.
1.2 These Terms serve to supplement and shall be read in conjunction with our Investor Business Terms found at https://support.hashkey.com/hc/en-gb/articles/900001171963-Investor-Business-Terms. To the extent of any inconsistency between these Terms and the Investor Business Terms, these Terms shall prevail in respect of the Recurring Buy Service.
1.3 By using the Recurring Buy Service, you agree to be legally bound by these Terms, the Investor Business Terms and all other terms and conditions and rules relating to the Recurring Buy Service that we may publish from time to time.
1.4 Unless otherwise defined herein, all capitalized terms used in these Terms shall have the meaning provided in the Investor Business Terms.
- Activation
2.1 The Recurring Buy Service allows you to automatically place purchase orders (each a “Recurring Buy Order”) for specified Virtual Assets at regular intervals, in accordance with the parameters you set.
2.2 Prior to activating the Recurring Buy Service, you shall:
(a) familiarize yourself with the functions, features and limitations of the Recurring Buy Service;
(b) fully evaluate the risks associated with using the Recurring Buy Service, including but not limited to those disclosed in these Terms and on our Website/mobile application;
(c) acknowledge and agree that you are using the Recurring Buy Service solely at your own risk; and
(d) seek independent advice from your legal, financial and other professional advisers as you may consider necessary.
2.3 To activate the Recurring Buy Service, you must set up at least one investment plan (“Recurring Buy Plan”) by completing all required fields for “Allocation”, “Frequency”, “Amount” and “Plan Name”; and select “Create Plan” and “Confirm Creation” on our Website or mobile application (“Activation”).
2.4 You may contemporaneously activate or establish several Recurring Buy Plans for different portfolios of Virtual Assets, each referred to as a “Recurring Buy Plan”.
2.5 Upon Activation, you expressly authorize HBL to automatically execute the Recurring Buy Orders on your behalf, of your chosen Virtual Asset(s), at the frequency and amount of Virtual Assets you set, and at the price set out in clause 4.1 below.
- Priority
3.1 In the event that the scheduled execution times for multiple Clients' Recurring Buy Orders coincide within the same minute, the system will process the orders sequentially, starting with the Recurring Buy Plans that were created earliest (or resumed earliest after pause).
3.2 If you have configured two or more Recurring Buy Plans to execute within the same minute, these plans will also be carried out in the order of their creation time (or the time they were resumed after pause), from the earliest to the latest.
- Price
4.1 You agree that each purchase by HBL on your behalf under each Recurring Buy Order (each a “Recurring Buy Transaction”) shall be executed at the prevailing market price on HashKey Exchange at the time of execution, subject to market availability and liquidity. The actual execution price may vary from the price you expected due to market fluctuations.
4.2 Recurring Buy Transactions are scheduled orders executed based on your pre-set parameters. Consequently, HBL does not guarantee that the price at the time of execution is optimal within a specific timeframe. HBL bears no liability for your losses if market price drops after the execution of each Recurring Buy Transaction.
- Payment
5.1 Payment for the Recurring Buy Orders shall be deducted from the available balance in your Account designated by HBL, or, with your authorization, deducted from your bank account via electronic direct debit authorization (eDDA). You are solely responsible for ensuring that you have sufficient funds in your Account (or your bank account, as applicable) in the specified Virtual Asset or fiat currency at the time of execution. If there are insufficient funds, the Recurring Buy Order may be rejected or only partially filled.
5.2 If a Recurring Buy Order is rejected or only partially filled due to insufficient funds at the time of execution, the Recurring Buy Plan will not be automatically terminated. Once you fund your Account (or your bank account, as applicable), we will continue to place Recurring Buy Orders on your behalf as usual at subsequent execution time points.
- Trading Fees
6.1 Standard trading fees applicable to regular spot trading on HashKey Exchange will also apply to Recurring Buy Transactions. The latest fee structure, subject to change at HBL’s sole discretion from time to time, can be found on our Website.
6.2 There may be additional fees associated with using our Recurring Buy Service, such as administrative fees for setting up or modifying a Recurring Buy Plan. These fees, if applicable, will be clearly communicated to you prior to your use of the service.
- Pause, Termination and Modification
7.1 You may pause your Recurring Buy Plan manually at any time. During the pause, HBL will cease to execute Recurring Buy Orders under the relevant Recurring Buy Plan on your behalf. You may resume the Recurring Buy Plan manually at a later time.
7.2 You may terminate your Recurring Buy Plan manually at any time. Any termination is irreversible and cannot be resumed afterwards.
7.3 Once you have created a Recurring Buy Plan, you cannot modify the parameters you set, except for editing the plan name.
7.4 The Activation, pause, resumption, and termination of the Recurring Buy Plan will normally take effect immediately, but delays caused by factors beyond HBL’s reasonable control cannot be ruled out and HBL assumes no liability for such delays.
- Reservations by HBL
8.1 HBL reserves the right, at its sole and absolute discretion, to take the following actions without any prior notice or incurring any liability:
(a) adjust the supported Virtual Assets, trading pairs, trading limits and/or other features of the Recurring Buy Service;
(b) temporarily or permanently prohibit you from accessing or using the Recurring Buy Service; or
(c) suspend or terminate Recurring Buy Service.
- Indemnity
9.1 You expressly agree to fully indemnify HBL, HBL’s directors, officers, employees, Associated Entities, nominees and Affiliates and keep all such persons indemnified against all actions, claims, proceedings, losses, damages, taxes, expenses and costs arising out of or in connection with:
(a) the acceptance and acting on your request to set up any Recurring Buy Plans;
(b) the placing and execution of any Recurring Buy Orders;
(c) performing HBL’s obligation hereunder;
(d) any breach by you of your obligations or of these Terms;
(e) anything done or omitted to be done by HBL in reliance on Instructions or communications which HBL in its sole and absolute discretion believes to have been given by you or on your behalf or any failure of you to give Instructions;
(f) any proceeding or investigation by or on behalf of any regulatory body; and
(g) any action by HBL taken in good faith to comply with any Applicable Laws.
- Limitation of Liability
10.1 TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAWS, HBL SHALL NOT BE LIABLE FOR ANY LOSSES SUFFERED BY THE CLIENT AS A RESULT OF OR IN CONNECTION WITH THE CLIENT’S UTILIZING ANY OF THE SERVICES OR IN CONNECTION WITH THESE TERMS OTHER THAN LOSSES ARISING DIRECTLY AS A RESULT OF ANY GROSS NEGLIGENCE, FRAUD, OR WILLFUL DEFAULT ON HBL’S PART, OR THAT OF HBL’S DIRECTORS, OFFICERS, EMPLOYEES, ASSOCIATED ENTITIES, NOMINEES AND AFFILIATES.
10.2 IN NO EVENT SHALL HBL BE LIABLE TO YOU OR TO ANY THIRD PARTY FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING BUT NOT LIMITED TO SUCH DAMAGES ARISING FROM BREACH OF CONTRACT OR WARRANTY OR FROM NEGLIGENCE OR STRICT LIABILITY), IN CONNECTION WITH THESE TERMS, EVEN IF HBL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF THE LEGAL OR EQUITABLE THEORY (CONTRACT, TORT OR OTHERWISE) UPON WHICH THE CLAIM IS BASED.
- Miscellaneous
11.1 HBL shall have absolute discretion to revise these Terms at any time. The Client should visit our Website from time to time to obtain the latest version and read the terms thereof. Such amendment, deletion, substitution or addition shall be deemed as effective and incorporated herein (and shall form part of these Terms) on the date of publication of the revised Terms. The Client may raise written objection within fourteen (14) Business Days after the publication of the revised Terms on our Website, failure of which shall be deemed an acceptance of such amendment, deletion, substitution or addition.
11.2 Save as stated in these Terms, no person other than you or us shall have any rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623 of the Laws of Hong Kong) to enforce or enjoy the benefit of any of the provisions of these Terms.
11.3 In case of discrepancies between the English and Chinese versions of these Terms, the English version shall apply and prevail.
11.4 These Terms shall be governed by and construed in accordance with the laws of Hong Kong, regardless of any conflict of law or choice of law theory. The Jurisdiction clause in the Investor Business Terms shall also apply to these Terms.
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