Last updated: October 16, 2025
👋 Hi there! Thank you for using Sinbad. Pause, grab a cup of your favourite hot beverage and carefully read the following Terms—it will take you approximately 25 minutes.
Any questions? Reach out at [email protected].
These Terms of Service (“Terms”) are a binding legal agreement between you and Sinbad that governs the right to use the websites, applications, and other offerings from Sinbad (collectively, the “Sinbad Platform”). When used in these Terms, “Sinbad,” “we,” “us,” or “our” refers to the Sinbad entity set out on Schedule 1 with whom you are contracting.
Sinbad provides a peer-to-peer (P2P) platform that enables users to buy and sell supported digital assets, such as USD Tether (USDT) and others, directly with one another.
Sinbad is self-custodial — meaning you always control your own digital assets and private keys. We do not hold or manage your funds. Fiat transfers (such as bank or mobile payments) are conducted off the platform directly between users.
When a trade is created, a smart contract escrow is deployed by the users’ self-custodial wallets. This ensures that digital assets are temporarily locked and released according to the agreed trade terms. Sinbad provides the interface and tools that allow you to initiate, view, and complete trades securely, but we do not take custody of your funds.
Cancellations can impact trading reliability and other users’ experience. To maintain a fair marketplace, Sinbad uses a simple suspension system. If a user cancels multiple trades within a short period, their trading status may change and affect their right to trade.
You are responsible for the actions taken through your account and wallet. You acknowledge that digital assets are volatile and that transactions are irreversible.