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.
Our Bitinsist Services. Bitinsist provides a way to use and buy and spend bitcoins, using our wallet service, purchasing and mining menu. 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:
Buy Bitcoins. To purchase bitcoins with Bitinsist, simply click on the BUY BITCOINS button after logging in to our web page or app. You will be taken through a process and displays different methods to pay for the bitcoin. Bitinsist charges a fee of 1%. Also, processing fees may apply depending on the payment method and exchange circumstances. The price level at which we sell bitcoins to our customers is the price listed on the site as Current Price. 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 Bitinsist 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.
Bitinsist Cloud Mining. Bitinsist provides open-ended mining. Open-ended contracts do not have a maturity date. Lifetime contracts do not have a maturity date. As long as the 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. Our service uses our partner's devices with their permittance.You get daily payouts. As soon as we receive your payment your contract will be added and you can immediately start mining. You mine Bitcoin and can upgrade your hashpower at any time. After the end of the day, you will get your first payout within 24 hours and from then on each following day. It will take up to 48 hours to get your first payment. After that it should take about 24 hours for each payments, but please note that this can vary from day to day. We deduct maintanence fee.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. The cost of 1 TH is 145$ at this time. You can pay by bank wire in USD and EUR, with bitcoins and soon with credit card.
Bitinsist Debit Card. The Bitinsist Debit Card allows users to transact with merchants who accept debit cards issued by Mastercard that is shown on the card. If you order and activate a Bitinsist Debit Card, you can handle it directly from your wallet. After filling up your card with the desired amount, this amount will be withdrawn from your wallet in bitcoins at the current price and the merchant will receive payment in their own currency directly from your debit card. The terms of the card program manager and Mastercard, presented at the time you order your card, apply to the Bitinsist Debit Card.
Bitinsist Online Store. The Bitinsist Online Store can be used without registration to our web page. The seller of the products purchased in Bitinsist Online Store is Bitinsist Financial Ltd., Global Gateway 8, Rue de la Perle, Providence, Mahe, The Seychelles. You can purchase the products only with bitcoins. The images of the Products on our web page are for illustrative purposes only. Although we have made every effort to display the products accurately, we cannot guarantee that your computer's display of the Products accurately reflects the Products. Your Products may vary slightly from those images.
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 Buying Bitcoins. As indicated in “Buy Bitcoins”.
Bitinsist Debit Card Fees. If you order a debit card, you will be charged a one-time issuance fee, which will be debited from your wallet in bitcoins. Other fees will depend on your usage of the card: there are third party fees and fees applied by Bitinsist for lost card replacement, ATM withdrawals, foreign exchange and certain annual service fees, as applicable. The fees currently charged in connection with Bitinsist Debit Card: One-time issuance fee 20$, annual fee 20$, purchasing 1% min 0,5$, atm withdrawal 4% min 3,8$, forign exchange purchase currency conversion 5%, pin-change 5$, card replacement 20$, DHL-express card replacement 98$. Please note that we are not responsible for certain third party fees associated with the Bitinsist Debit Card and such fees are subject to change from time to time. Bitinsist reserves the right to charge additional fees or to change the amount of fees.
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 our services, and Bitinsist can not and does not confirm, cancel, or reverse bitcoin-to-bitcoin transactions, other than confirmation of the bitcoin network’s completion of a transaction. 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 our 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 our services. Bitinsist has no control over the bitcoin network and therefore cannot and does not ensure that any transaction request you submit via our services will be completed. You acknowledge and agree that the transaction requests you submit via our services may not be completed, or may be substantially delayed, by the bitcoin network. When you complete a transaction request via our services, you authorize us to submit your transaction request to the bitcoin network in accordance with the instructions you provide via our services.
Wallet Address and Private Key. When you create an account, our 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 our 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 does not obtain any legal or beneficial right, title or interest in your bitcoins that you store in your wallet.
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 account information, including any passwords andany other activity occurring within your account. The loss or compromise of this information may result in unauthorized access of your account, which may result in loss or theft of any bitcoins held in your account. You are responsible for immediately notifying us of any unauthorized use of your password or account or any other breach of security, and ensuring that you exit from your account at the end of each session when accessing your Bitinsist account. We have no responsibility for any loss that you suffer as a result of failing to comply with this section or your failure to follow or act on any notices or alerts that we may send to you.
Using SMS and Text. To use our Bitinsist 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. Please note that while we do not charge you for SMS/text messages, your mobile carrier’s standard messaging rates will apply. Failure to provide a valid mobile phone number may result in restriction of your use of our services. If we suspect that your mobile number is invalid or that you are using any fraudulent services to circumvent the requirement to provide a valid mobile phone number, Bitinsist may suspend or otherwise restrict your use of our web page.
Accurate Information and Registration Requirements. Bitinsist reserves the right not to open accounts and to temporarily or permanently suspend accounts, including where required or recommended by applicable governmental, regulatory or law enforcement requirements, including where you fail to provide sufficient information on demand. Our services are for the use only of the registered account holder. You agree that the information you provide to Bitinsist during the account creation and any subsequent 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.
Normally we do not collect information from visitors of our site. We collect information from you only when you register on our web page, place an order, respond to a survey, fill out a form or enter information on our web page.
We collect information that your browser sends whenever you visit our web page if you are registered. This may include information such as your computer's IP address, browser type, browser version, the time and date of your visit, the time spent on our pages etc. We may use third party services such as Google Analytics that collect, monitor and analyse this type of information in order to increase our service's functionality. These third party service providers have their own privacy policies addressing how they use such information. We use "cookies" to collect information, cookies are files with small amount of data, which may include an anonymous unique identifier. Cookies are sent to your browser from a web site and stored on your computer's hard drive. We may employ third party companies and individuals to assist us in analysing how our service is used.
When it comes to the collection of personal information from children under 13, the Children's Online Privacy Protection Act (COPPA) puts parents in control. The COPPA rule spells out what operators of websites privacy and safety online. We do not specifically market to children under 13.
Bitinsist Financial Ltd
Global Gateway 8, Rue de la Perle
We both irrevocably agree that the courts of The Seychelles shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with a Contract or its subject matter or formation (including non-contractual disputes or claims).The German law applies.