Using the P2P API offered by OKX comes with clear responsibilities, rights, and legal expectations. This agreement outlines the terms under which users can access and utilize the API services, ensuring transparency, compliance, and operational clarity. Whether you're a developer, institution, or individual integrating with OKX’s ecosystem, understanding this document is essential for lawful and uninterrupted use.
Understanding the Service and Parties Involved
The P2P API User Agreement (the “Agreement”) governs your access to and use of the application programming interface (API) services provided by OKX or its affiliated entities (collectively, the “Service”). The entity responsible for your access depends on your residency and registration date:
- Aux Cayes FinTech Co. Ltd, a Seychelles-registered company, serves users not covered under other jurisdictions.
- OKX Bahamas FinTech Company Limited applies to users residing in Mexico who registered between November 16, 2022, and August 28, 2023, as well as institutional users registered on or after August 29, 2023.
- OKCoin Europe LTD (OKC EU), operating under the OKX brand in Malta, supports users within the European Economic Area.
- OKX Middle East Fintech FZE (OKX Dubai), based in the UAE, serves residents of that region.
By using the API, you confirm that you have read, understood, and agreed to all terms in this Agreement and any future amendments. If you disagree with any part of this Agreement or refuse to accept changes made by OKX, you must discontinue use of the Service immediately.
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How This Agreement Relates to Other Terms
This Agreement works alongside the OKX Terms of Service, Privacy Notice, and other policies published on www.OKX.com, collectively referred to as the “Platform Terms.” In case of conflict between this Agreement and the Platform Terms, the provisions of this Agreement take precedence. All other terms from the Platform Terms remain fully enforceable unless explicitly modified here.
1. Overview of the Service
The Service enables developers and applications to interact with OKX’s platform through an API interface. It allows access to certain functionalities and data streams designed to support peer-to-peer (P2P) trading operations. Access is strictly limited to authorized users and must be used within the scope defined by applicable laws and this Agreement.
2. License Terms
2.1 Usage Rights
You are granted a limited, non-exclusive license to use the API solely for your own purposes under this Agreement. Redistribution, resale, or sharing of API access with third parties is strictly prohibited.
2.2 No Guarantee of Data Accuracy
OKX makes no warranties regarding the stability, accuracy, or timeliness of data delivered via the API. You acknowledge that reliance on such data is at your own risk. OKX disclaims all liability arising from data inaccuracies or service instability.
3. Fees and Payment
Currently, there are no fees associated with using the P2P API. However, OKX reserves the right to introduce or modify fee structures at any time without prior notice. If fees are introduced in the future, continued use of the Service will constitute acceptance of those charges.
If you renew your subscription after any changes to pricing or service specifications, your renewal binds you to the updated terms. Failure to agree with new terms means you should not renew—service will terminate automatically upon expiration of your current term.
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4. User Responsibilities
4.1 Legal Compliance
You agree to use the Service in compliance with all applicable laws and regulations and ensure your activities do not infringe on third-party rights.
4.2 Timely Payments
Failure to pay required fees may result in immediate suspension or termination of API access. You bear full responsibility for any consequences resulting from service interruption due to non-payment.
4.3 Prohibited Activities
You must not:
- Copy, modify, reverse engineer, decompile, or disassemble any part of the API.
- Attempt unauthorized access through stolen credentials or system vulnerabilities.
- Conduct actions that degrade performance, including excessive API calls beyond reasonable rate limits.
Only whitelisted users may access the Service. Unauthorized attempts constitute a breach and may lead to legal action.
5. Disclaimer of Warranties and Limitation of Liability
5.1 “As Is” Basis
The Service is provided “as is,” “with all defects,” and “as available.” OKX offers no express or implied warranties of merchantability, fitness for a particular purpose, or uninterrupted operation.
Service interruptions may occur due to:
- Force majeure events (e.g., war, natural disasters)
- Regulatory changes
- Technical failures
- Maintenance or updates
- Cyberattacks or network outages
OKX is not liable for any resulting data loss or damage.
5.2 No Liability for Indirect Damages
To the fullest extent permitted by law, OKX shall not be liable for direct, indirect, consequential, punitive, or incidental damages—including lost profits, business interruption, personal injury, or data breaches—even if advised of potential harm.
5.3 Right to Modify or Terminate
OKX may change, suspend, or discontinue all or part of the Service at any time without notice. Users assume full responsibility for losses arising from such actions.
6. Data Protection and Privacy
6.1 Access to User Data
The API may provide access to user-related data. You agree to comply with all Applicable Data Protection Laws, including:
- GDPR (EU)
- UK GDPR
- CCPA (California)
- Hong Kong Personal Data (Privacy) Ordinance
- Singapore PDPA
- Swiss Data Protection Laws
6.2 Roles Under Data Law
For purposes of data protection laws, you act as a data processor, while OKX remains the data controller.
6.3 Your Obligations
You must:
- Process data only as instructed by OKX.
- Implement robust technical and organizational security measures.
- Ensure compliance by your personnel.
- Avoid weakening security protocols unless legally required.
Any changes that increase risk to data security require prior assessment and alignment with legal obligations.
7. Intellectual Property Rights
All intellectual property—including source code, databases, trade secrets, and underlying technologies—remains the exclusive property of OKX. Your license is strictly limited to using the Service per this Agreement.
Even if you develop applications using our API with our permission, ownership of resulting creations vests with OKX. We retain the right to protect these developments legally.
You may not use OKX trademarks without written consent. Conversely, OKX receives a royalty-free license to use your logo for marketing purposes related to your use of the Service.
8. Termination
OKX may terminate this Agreement or suspend Service access immediately if:
- You breach any term and fail to rectify it within three days of notice.
- A force majeure event occurs.
- You cease business operations or face insolvency.
Termination does not affect accrued rights or obligations prior to cessation.
9. Amendments to This Agreement
OKX may update these terms at any time. Continued use of the Service after changes are posted constitutes acceptance. If you do not agree with amendments, stop using the API immediately.
10. Governing Law and Dispute Resolution
This Agreement is governed by the laws of Hong Kong, without regard to conflict-of-law principles.
All disputes related to this Agreement must be resolved through arbitration administered by the Hong Kong International Arbitration Centre (HKIAC). The arbitration will:
- Be conducted in English
- Take place in Hong Kong
- Involve one arbitrator jointly appointed by both parties (or appointed by HKIAC if consensus fails within two months)
The decision is final, binding, and enforceable in any competent court.
11. Miscellaneous Provisions
- Severability: If any clause is invalid, it will be modified minimally to restore enforceability; otherwise, it will be removed without affecting the rest of the Agreement.
- No Waiver: Delay in enforcing rights does not waive them.
- Assignment: You cannot assign this Agreement without OKX’s written consent. OKX may transfer rights for operational reasons.
- No Agency: Nothing creates an employment, partnership, or agency relationship between parties.
Frequently Asked Questions (FAQ)
Q: Is there a cost to use the P2P API?
A: Currently, no fees apply. However, OKX reserves the right to implement charges in the future.
Q: Can I share my API key with others?
A: No. Sharing credentials violates this Agreement and may lead to immediate suspension.
Q: What happens if I violate rate limits?
A: Excessive requests may trigger automatic throttling or termination of access to maintain system integrity.
Q: Who owns apps built using OKX’s API?
A: While you retain rights to your original code, any derivative works leveraging OKX IP remain subject to our ownership claims.
Q: How is my data protected when using the API?
A: You must comply with global privacy laws like GDPR and CCPA. OKX requires strong security practices for all data processors.
Q: Where can I get support for technical issues?
A: Visit OKX’s official help center for documentation and support resources.
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