Earlybaze Terms of Use
Effective Date: July 25, 2025 Last Updated: July 25, 2025
1. Agreement to Terms
These Terms of Use (“Terms”) constitute a legally binding agreement between you (“you,” “your,” or “user”) and Earlybaze (“we,” “us,” or “our”) concerning your access to and use of the Earlybaze mobile application and its associated services (collectively, the “Services”).
By creating an account, accessing, or using our Services, you agree that you have read, understood, and accept all of the terms and conditions contained in this Agreement, as well as our Privacy Policy. If you do not agree with all of these Terms, you are expressly prohibited from using the Services and must discontinue use immediately.
2. Eligibility
To be eligible to use the Earlybaze Services, you must:
Be at least 18 years of age or of legal age to form a binding contract in your jurisdiction.
Not be a resident of any restricted or sanctioned jurisdictions.
Not be a person barred from using our Services under applicable law.
Have the full capacity and authority to enter into this agreement.
You represent and warrant that you meet these requirements. If your eligibility status changes at any time, you must cease using our Services immediately.
3. The Earlybaze Services
Earlybaze provides a technology platform that allows users to:
Create and maintain a hosted digital currency wallet (“Crypto Wallet”).
Buy and sell supported cryptocurrencies using Nigerian Naira (NGN).
Swap supported cryptocurrencies for NGN within the app.
Withdraw NGN to a verified Nigerian bank account.
Send and receive supported cryptocurrencies to and from third-party wallets.
4. Account Registration and Security
a) Account Creation: You must register for an Earlybaze account to use the Services. You agree to provide accurate, current, and complete information as prompted by the registration process and to keep such information updated.
b) Identity Verification (KYC): To comply with legal and regulatory obligations, including Anti-Money Laundering (AML) laws, we require all users to complete our identity verification process. This may require you to submit personal information, including but not limited to your full name, address, phone number, email address, Bank Verification Number (BVN), and a government-issued ID.
c) Account Security: You are solely responsible for maintaining the security of your account credentials, including your password and any multi-factor authentication (MFA) codes. You must not share your credentials with any third party. You agree to notify us immediately of any unauthorized use of your account. Earlybaze is not liable for any loss or damage arising from your failure to protect your account.
5. User Conduct and Prohibited Activities
You agree not to use the Services to engage in any of the following prohibited activities:
Illegal Activity: Violating any applicable laws or regulations, including those related to money laundering, terrorist financing, fraud, or any other financial crime.
Unauthorized Access: Attempting to access any Earlybaze account other than your own or attempting to breach our security measures.
Abusive Activity: Engaging in actions that interfere with or disrupt our Services or the experience of other users.
Fraudulent Information: Providing false, inaccurate, or misleading information to Earlybaze.
Intellectual Property Infringement: Infringing on the copyrights, trademarks, or other intellectual property rights of Earlybaze or any third party.
We reserve the right to investigate, suspend, or terminate your account without notice if we suspect you have engaged in any prohibited activities.
6. Risk Disclosures
IMPORTANT: The risk of loss in trading or holding cryptocurrencies can be substantial. You should carefully consider whether trading or holding cryptocurrency is suitable for you in light of your financial condition. By using our Services, you acknowledge and agree that:
Volatility Risk: The value of cryptocurrencies can fluctuate dramatically and may result in a total loss of your funds.
No Government Insurance: Your cryptocurrency assets held in your Earlybaze account are not protected by any government insurance scheme (such as the Nigeria Deposit Insurance Corporation – NDIC).
Irreversible Transactions: Cryptocurrency transactions are irreversible. Once a transaction is recorded on the blockchain, it cannot be reversed.
Regulatory Uncertainty: The legal and regulatory landscape for digital assets is evolving and may change at any time, potentially impacting the value or legality of certain cryptocurrencies.
You Assume All Risks: You are solely responsible for any and all losses that may result from your use of the Services. Earlybaze is not liable for any losses due to market volatility or actions you take.
7. Fees
You agree to pay the fees for transactions completed via our Services (“Fees”), as disclosed on our Fee Schedule, which is incorporated into these Terms by reference. We reserve the right to change the Fees at any time.
8. Suspension and Termination
We may, in our sole discretion and without liability to you, suspend, terminate, or deactivate your account or your access to the Services at any time and for any reason, including but not limited to:
A breach of these Terms.
A requirement under applicable law or by a government authority.
Suspicion of your involvement in any fraudulent or illegal activity.
Upon termination, you will be permitted to withdraw your available funds, subject to the completion of our identity verification and security checks.
9. Disclaimers and Limitation of Liability
a) Disclaimer of Warranties: THE SERVICES ARE PROVIDED ON AN “AS-IS” AND “AS-AVAILABLE” BASIS. WE EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
b) Limitation of Liability: TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL EARLYBAZE, ITS DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM YOUR USE OF THE SERVICES.
10. Indemnification
You agree to indemnify and hold harmless Earlybaze and its affiliates, directors, officers, and employees from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to your breach of these Terms or your violation of any law or the rights of a third party.
11. Governing Law and Dispute Resolution
These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without regard to its conflict of law principles.
Any dispute arising out of or relating to these Terms shall first be resolved through informal negotiations by contacting our support team. If the dispute is not resolved informally, it shall be finally and exclusively resolved by binding arbitration in accordance with the Arbitration and Conciliation Act of Nigeria. The arbitration shall take place in Lagos, Nigeria. You agree that any claims will be brought on an individual basis and not as a plaintiff or class member in any purported class or representative proceeding.
12. General Provisions
Entire Agreement: These Terms and our Privacy Policy constitute the entire agreement between you and Earlybaze regarding the Services.
Severability: If any provision of these Terms is held to be invalid or unenforceable, that provision will be struck and the remaining provisions will remain in full force and effect.
Changes to Terms: We reserve the right to amend these Terms at any time. We will notify you of any changes by updating the “Last Updated” date. Your continued use of the Services after any such change constitutes your acceptance of the new Terms.
13. Contact Us
If you have any questions about these Terms, please contact us at:
Email: support@earlybaze.com