Agreement. If you use our services these Legal Terms apply. If you do not agree to these Legal Terms, you must not use our services. You can use our services only if you can lawfully enter into an agreement to these Legal Terms under applicable law. If you use our services, you agree to do so in compliance with these Legal Terms and with applicable laws and regulations.
Bitinsist provides a way to use and buy and spend bitcoins, using a wallet service, purchasing and mining. Our services may evolve over time. This means we may make changes, replace, or discontinue (temporarily or permanently) our services at any time for any reason with or without notice. In this case, you may be prevented from accessing or using our services. If, in our sole discretion, we decide to permanently discontinue our services, we will provide you with notice via our website. Additional services include the following:
You are solely responsible for ensuring the accuracy of the information included when you initiate your wire. This includes the account number, bank routing number, your reference number and any other information requested by us. Bitinsist cannot revoke or cancel a wire once it has been initiated by your bank. Bitinsist reserves the right to delay or not process incoming wires for any reason, including to verify that the wire was actually initiated by you and where required or recommended by applicable governmental, regulatory or law enforcement requirements. Bitinsist is not liable for any act, omission, mistake, default, delay, negligence, misconduct or insolvency of any third party, including any bank, entity or person.
Cloud Mining. As long as a contract is profitable and the payout covers the maintenance fee you will continue to mine and be able to receive payouts. This could be 100 years, however practically it will depend on difficulty and market prices for the crypto currencies. As soon as we receive your payment your contract will be added and you can immediately start mining. You can mine various cryptocurrencies and can upgrade your hashpower at any time. Maintenance fee is deducted. .The maintenance fee covers all costs related to mining including electricity cost, cooling, maintenance work, hosting services.Maintenance fee may vary from time to time. It is calculated per MH/s GH/s TH/s and automatically deducted on a daily basis. You can pay by bank wire in USD and EUR, with bitcoins and with credit card.
Bitcoin Debit Card. It allows users to transact with merchants who accept debit cards issued by MasterCard or Visa or UnionPay that is shown on the card. After filling up your card with the desired amount, this amount will be withdrawn from your wallet in cryptocurrency at the current price and the merchant will receive payment in their own currency directly from your debit card.
Bitinsist Paid Services. Bitinsist provides certain premium services as part of our services for which a fee is charged. The fees described below apply in connection with the following services: fees for etc trades.
Bitcoin Transactions. Bitinsist can not and does not guarantee the value of bitcoins. You acknowledge and agree that the value of bitcoins is highly volatile and that buying, spending, mining and holding bitcoins involves a high risk. Additionally, the bitcoin consensus network is solely responsible for verifying and confirming proposed transactions that you submit via services.
The bitcoin network is operated by a decentralized network of independent third parties. Once a transaction request has been submitted to the bitcoin network via services, the bitcoin network will automatically complete or reject the request and you will not be able to cancel or otherwise modify your transaction request. You acknowledge and agree that Bitinsist is not responsible for any errors or omissions that you make in connection with any bitcoin transaction via services. Bitinsist has no control over the bitcoin network and therefore cannot and does not ensure that any transaction request you submit via services will be completed. You acknowledge and agree that the transaction requests you submit via services may not be completed, or may be substantially delayed, by the bitcoin network. When you complete a transaction request via services, you authorize us to submit your transaction request to the bitcoin network in accordance with the instructions you provide via services.
Wallet Address and Private Key. When you create a wallet account, services generate and store a cryptographic private and public key pair that you may use to send and receive bitcoins via the bitcoin network. The public key generated by services serves as your bitcoin wallet address, and may be shared with the bitcoin network and with others to complete bitcoin transactions. The private key uniquely matches the wallet address and must be used in connection with the wallet address to authorize the transfer of bitcoins from or to that wallet address.
Custody of Bitcoins. Bitinsist will offer custodian service to clients buying cryptocurrency via our OTC brokerage.
Ownership of Intellectual Property Rights. Bitinsist retain all right, title, and interest (including all copyright, trademark, patent, trade secrets, and all other intellectual property rights) in our services and all content on our services, including our trademarks, service marks, designs, logos, URLs, and trade names that are displayed on our service. You can have a limited access to these materials while you are a user of our services and while you are registered as our client. It is terminated when you end using our services.You may not use, copy or retransmit anything on our website without our permission. We reserve all rights not expressly granted herein.
Authorized Uses of Our Services. You are permitted to use our services, only as we have authorized. You are responsible for ensuring that your personal information in your account profile is current and correct, including your email address and mobile phone number. You are also responsible for maintaining adequate security, control and confidentiality of your information.
To use our web page or app you must provide a valid mobile phone number. This number is used as part of the authentication process. As part of using our services, you are agreeing to receive SMS/text messages from us.
Accurate Information and Requirements. Bitinsist reserves the right not to do business and to temporarily or permanently suspend business actions, including where required or recommended by applicable governmental, regulatory or law enforcement requirements, including where you fail to provide sufficient information on demand. You agree that the information you provide to Bitinsist during the identity verification processes is accurate and complete, and will be updated as necessary.
Restricted Activities. In connection with your use of Bitinsist services, and your interactions with other users, and third parties you will not violate or assist any party in violating any law, statute, ordinance, regulation or any rule of any self-regulatory or similar organization of which you are or are required to be a member (for example, those laws, rules, or regulations governing financial services, controlled substances, unlawful gambling or consumer protections). You will not take part in a transaction which involves the proceeds of any unlawful activity. You will not defraud or attempt to defraud Bitinsist or Bitinsist users or clients. You will not take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information or defame, abuse, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of others.