Norbit P2P – Trading Rules

1. Payment & Transfer Rules

• 1.1 Buyers must complete fiat payment only using the payment method specified in the order.
• 1.2 Payments must be made ONLY from the account owned by the buyer that has been submitted at the KYC verification process. Third-party payments are strictly prohibited.
• 1.3 Buyers must complete payment within the order time limit.
• 1.4 Sellers must verify actual receipt of funds before releasing crypto assets.
• 1.5 Marking an order as "Paid" without completing payment is strictly prohibited.

2. Order & Timing Rules

• 2.1 Once an order is created, both parties are obligated to follow through unless cancellation is permitted by the platform.
• 2.2 Buyers must not delay payment after creating an order.
• 2.3 Sellers must not delay crypto release after confirming payment receipt.
• 2.4 Repeated order timeouts, cancellations, or delays may result in trading restrictions.

3. Communication Rules

• 3.1 All trade-related communication must remain within Norbit's chat system.
• 3.2 Users must not request to move the trade or settlement outside the Norbit platform.
• 3.3 Abusive, threatening, misleading, or inappropriate communication is strictly prohibited.
• 3.4 Sharing personal contact details for off-platform negotiation is discouraged and may result in penalties.

4. Proof of Payment Rules

• 4.1 Buyers must provide accurate and genuine proof of payment when requested.
• 4.2 Edited, forged, or misleading payment screenshots are strictly prohibited.
• 4.3 Sellers may request additional verification if payment details are unclear.
• 4.4 Failure to provide valid proof during a dispute may result in loss of escrowed assets.

5. Dispute & Appeal Rules

• 5.1 Either party may raise a dispute if the counterparty fails to comply with the rules.
• 5.2 Users must submit requested evidence within the specified time frame.
• 5.3 Norbit acts as a neutral dispute facilitator and will decide based on available evidence.
• 5.4 Abuse of the dispute system may result in account restrictions.

6. Prohibited Trading Behavior

Users must NOT:

• Engage in fraud, scams, or deceptive behavior
• Perform chargebacks or payment reversals after crypto release
• Use stolen, frozen, or compromised bank accounts
• Conduct money laundering or sanctions-related activity
• Manipulate prices or engage in wash trading
• Bypass escrow or encourage off-platform settlement

7. Account & Compliance Rules

• 7.1 Users must maintain accurate and up-to-date account information.
• 7.2 Norbit may impose trade limits, enhanced verification, or suspensions for risk control purposes.
• 7.3 Multiple accounts used to abuse P2P trading are strictly prohibited.

8. Fiat & Banking Risk Acknowledgement

• 8.1 Norbit does not guarantee fiat settlement success.
• 8.2 Users bear all risks related to bank delays, freezes, reversals, or compliance actions.
• 8.3 Norbit is not responsible for losses caused by incorrect payment details or bank-side actions.

9. Platform Fees & Adjustments

• 9.1 Applicable fees, if any, will be disclosed before order confirmation.
• 9.2 Norbit reserves the right to adjust P2P rules, limits, or features to ensure market integrity.

10. Enforcement & Penalties

Violation of P2P Trading Rules may result in:

• Order cancellation
• Temporary trading suspension
• Permanent account ban
• Forfeiture of dispute claims