EINC CryptoTrade Terms of Service
Last Updated: May 19, 2020
The EINC CryptoTrade is a service that simplifies the acceptance of cryptocurrencies as payment for goods and services. EINC has developed these Terms of Service to describe the terms that govern your use of EINC’s service, developer documents, and our website located at www.einc.biz.
Changes to Terms or Services
We may revise the terms at any time, at our sole discretion. If we do so, we will let you know either by posting the modified terms on the site or through other communications. It is necessary that you review the terms whenever it is modified because if you continue to use the services after we have modified the terms, you are indicating to us that you agree to be bound by the modified terms. If you do not agree to be bound by the modified terms, you must stop using the Services. We may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion.
ARBITRATION NOTICE : IF YOU ARE A USER LOCATED IN THE UNITED STATES OR CANADA YOU AGREE THAT DISPUTES BETWEEN YOU AND EINC WILL BE RESOLVED BY BINDING, INDIVIDUAL ARBITRATION AND YOU ARE WAIVING YOUR RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING.
Who May Use the Services
You may use the services if you are 13 years or older and are not barred from
using the services under applicable law.
Registration and Your Information
If you want to use the Services you will have to create an account (“Log in/Sign up”) on our website. To open an account, you must provide a valid email address and create a password.
In doing so, you agree that you will not disclose your account credentials to anyone and you will notify us immediately of any unauthorized use of your account. You are responsible for all activities that occur under your account, whether or not you know about them.
When you create your account with us, you will be asked to provide your email address, which we may use on receipts or materials we send to customers on your behalf. By providing this email, you agree that we may use that email to direct customers that make payments to you using CryptoTrade to contact you for customer support and this email will be made publicly available. If you change your email, you must provide us with prompt notice of such a change to enable us to update the email we use on your behalf. You agree to respond to customers contacting you via the email on a timely basis.
Transaction and Fees
Compared to its competitors, EINC now offers a low transaction fee of $2.50. According to the data provided on Bitinfocharts, the average transaction fees for Bitcoin (BTC) reached its peak at $3.19 on May 8, 2020, marking an increase of over 300% since April 26, 2020 when the average fee was $0.62. The last time the average BTC transaction fee was over $3.00 was in July 2019.
Once transactions are made, please note that it may take up to three days for the process to be completed through the EINC platform in order to ensure verification from all involved users.
In order to reduce any fees, such as Goods and Services Fees, the initial investment amount will be labeled as a donation towards EINC CryptoTrade. Once the transaction is completed, the amount of withdrawal will be returned after tax withholding.
Due to the new government legislative laws, taxes will be taken out of the user’s generated profit. If bitcoins are held for less than a year before they are sold or exchanged, a short-term capital gains tax (CGT) is applied, which is the equivalent of the ordinary income tax rate for the user. However, if the bitcoins are held for more than a year, long-term CGT rates are applied.
We welcome feedback, comments, and suggestions for improvements to the services. You can submit feedback by emailing us at firstname.lastname@example.org. You grant to us a non-exclusive, worldwide, perpetual, irrevocable, fully-paid, royalty-free, sublicensable, and transferable license under any and all intellectual property rights that you own or control to use, copy, modify, create derivative works based upon and otherwise exploit the feedback for any purpose
Content and Content Rights
For purposes of these terms, (i) “content” refers to text, graphics, images, music, software, audio, video, works of authorship of any kind, and information or other materials that are posted, generated, provided or otherwise made available through the Services; and (ii) “User Content” means any content that account holders (including you) provide to be made available through the services. Content includes without limitation User Content.
Content Ownership, Responsibility, and Removal
We do not claim any ownership rights in any User Content and nothing in these terms will be deemed to restrict any rights that you may have to use and exploit your User Content. You agree that you own or have all rights, title, and interest, including all intellectual property rights, in any User Content you provide to us.
Subject to the foregoing, EINC exclusively owns all rights, title and interest in and to the services and content, including all associated intellectual property rights. You acknowledge that the services and content are protected by copyright, trademark, and other laws of the United States and foreign countries. You agree not to remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the services or content.
Rights in User Content Granted by You
In order to operate and provide our services, you grant us a worldwide, non-exclusive, royalty-free, sublicensable, and transferable license to use, copy, distribute, create derivative works of, display, and perform the User Content that you upload, submit, store, send, or receive on or through our services. The rights you grant in this license are for the purpose of operating and providing our services, including, but not limited to, identifying merchants on the services, and/or in a list of merchants using the services, and in receipts and materials we may send to customers on your behalf.
You can remove your User Content by deleting it. However, in certain instances, some of your User Content may not be completely removed and copies of your User Content may continue to exist on the services. We are not responsible or liable for the removal or deletion of (or the failure to remove or delete) any of your User Content.
Rights in Content Granted by EINC
Subject to your compliance with these terms, we grant you a limited, non-exclusive, non-transferable, non-sublicensable license to download, view, copy, display and print the content solely in connection with your permitted use of the services.
Acceptable Use and EINC’s Enforcement Rights
You agree not to use the services in ways that:
Violate, misappropriate, or infringe the rights of EINC, our users, or others, including privacy, publicity, intellectual property, or other proprietary rights;
Are illegal, obscene, defamatory, threatening, intimidating, harassing, hateful, racially, or ethnically offensive, or instigate or encourage conduct that would be illegal, or otherwise inappropriate, including promoting violent crimes;
Involve publishing falsehoods, misrepresentations, or misleading statements, including impersonating someone; or
Involve sending illegal or impermissible communications such as bulk messaging, auto-messaging, auto-dialing, and the like;
Avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by us or any of our service providers or any other third party (including another user) to protect the services or content;
Disguise your location through IP proxying or other methods;
Interfere with, or attempt to interfere with, the access of any user, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services;
Violate any applicable law or regulation; or
Encourage or enable any other individual to do any of the foregoing.
You agree to comply with all applicable U.S and non-U.S. export control and trade sanctions laws. Without limiting the foregoing, you may not use or download the services if 1) you are in, under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, or Syria or any other country subject to United States embargo, UN sanctions, HM Treasury’s financial sanctions regime, or if you are on the U.S. Treasury Department’s Specially Designated Nationals List or the U.S. Commerce Department’s Denied Persons List, Unverified List, Entity List HM Treasury’s financial sanctions regime; or (2) you intend to supply any services to Cuba, Iran, North Korea, Sudan or Syria or any other country subject to United States embargo or HM Treasury’s financial sanctions regime (or a national or resident of one of these countries), or to a person on the Specially Designated Nationals List, Denied Persons List, Unverified List, Entity List, or HM Treasury’s financial sanctions regime.
We may terminate your access to and use of the services, at our sole discretion, at any time and without sending a notice to you. Upon termination or cancellation of your account, you will cease all use of the service and content. Upon any termination, discontinuation or cancellation of services or your account, except as specifically set forth herein, the following provisions will survive: Content and Content Rights, Content Ownership, Responsibility and Removal, Termination, Warranty Disclaimers, Indemnity, Limitation of Liability, Dispute Resolution, and General Terms.
YOU ACKNOWLEDGE AND AGREE THAT USE OF THE SERVICES (INCLUDING ANY PRIVATE KEY STORAGE SERVICE OFFERED AS PART OF THE SERVICES, WHETHER CLOUD OR HARDWARE-BASED) AND CONTENT IS AT YOUR SOLE RISK AND THAT THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY, AND EFFORT IS WITH YOU. THE APP IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EINC SPECIFICALLY DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. EINC DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE SERVICES OR ANY OF THE MATERIALS CONTAINED THEREIN WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE.
USE OF ANY PRIVATE KEY STORAGE SERVICE INCLUDED AS PART OF THE SERVICES IS OFFERED TO YOU AS A CONVENIENCE, SUBJECT TO THE LIMITATIONS ABOVE. AS A PRECAUTION, YOU SHOULD ALWAYS BACKUP YOUR PRIVATE ACCESS KEY THROUGH SECONDARY MEANS.
You will indemnify and hold harmless EINC and its officers, directors, employee and agents, from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (i) your access to or use of the services or content, (ii) your User Content, (iii) Third Party Materials, or (iv) your violation of these terms.
Limitation of Liability
TO THE EXTENT NOT PROHIBITED BY LAW, EINC SHALL NOT BE LIABLE FOR DAMAGES OF ANY TYPE, DIRECT OR INDIRECT, ARISING OUT OF OR IN ANY WAY RELATED TO YOUR USE OR INABILITY TO USE THE SERVICES, INCLUDING BUT NOT LIMITED TO DAMAGES ALLEGEDLY ARISING FROM THE COMPROMISE OR LOSS OF YOUR LOGIN CREDENTIALS OR FUNDS, OR LOSS OF OR INABILITY TO RESTORE ACCESS FROM YOUR BACKUP PHRASE, OR FOR MISTAKES, OMISSIONS, INTERRUPTIONS, DELAYS, DEFECTS AND/OR ERRORS IN THE TRANSMISSION OF TRANSACTIONS OR MESSAGES TO THE ETHEREUM NETWORK, OR THE FAILURE OF ANY MESSAGE TO SEND OR BE RECEIVED BY THE INTENDED RECIPIENT IN THE INTENDED FORM, OR FOR DIMINUTION OF VALUE OF ETHER OR ANY OTHER DIGITAL TOKEN OR DIGITAL ASSET ON THE ETHEREUM NETWORK. EINC SHALL NOT BE LIABLE UNDER ANY CIRCUMSTANCES FOR ANY LOST PROFITS OR ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH AUTHORIZED OR UNAUTHORIZED USE OF THE SERVICES, EVEN IF AN AUTHORIZED REPRESENTATIVE OF EINC HAS BEEN ADVISED OF OR KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES. EINC SHALL NOT BE LIABLE UNDER ANY CIRCUMSTANCES FOR DAMAGES ARISING OUT OF OR IN ANY WAY RELATED TO SOFTWARE, PRODUCTS, SERVICES, AND/OR INFORMATION OFFERED OR PROVIDED BY THIRD-PARTIES AND ACCESSED THROUGH THE APP.
SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY FOR PERSONAL INJURY, OR OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THIS LIMITATION MAY NOT APPLY TO YOU. IN NO EVENT SHALL EINC'S TOTAL LIABILITY TO YOU FOR ALL DAMAGES (OTHER THAN AS MAY BE REQUIRED BY APPLICABLE LAW IN CASES INVOLVING PERSONAL INJURY) EXCEED THE AMOUNT OF ONE HUNDRED DOLLARS ($100.00).
These terms and any action related will be governed by the laws of the United States without regard to its conflict of laws provisions.
Forum and Venue
If you are a user located in the United States or Canada, the “Special Arbitration Provision for the United States or Canada Users” section below applies to you.
Special Arbitration Provision for the United States or Canada Users
If you are a user located in the United States or Canada, you and EINC agree that any dispute shall be finally settled in binding arbitration, on an individual basis, in accordance with the American Arbitration Association’s rules for arbitration of consumer-related disputes (accessible at adr.org/aaa/faces/rules) and you and EINC hereby expressly waive trial by jury and right to participate in a class-action lawsuit or class-wide arbitration, except that each party retains the right: (i) to bring an individual action in small claims court and (ii) to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a party’s copyrights, trademarks, trade secrets, patents or other intellectual property rights (the action described in the foregoing clause (ii), an “IP Protection Action”).
The arbitration will be conducted by a single, neutral arbitrator and shall take place in the county or parish in which you reside, or another mutually agreeable location, in the English language. The arbitrator may award any relief that a court of competent jurisdiction could award, including attorneys’ fees when authorized by law, and the arbitral decision may be enforced in any court. At your request, hearings may be conducted in person or by telephone and the arbitrator may provide for submitting and determining motions on briefs, without oral hearings. The prevailing party in any action or proceeding to enforce this Agreement shall be entitled to costs and attorneys’ fees.
If the arbitrator(s) or arbitration administrator would impose filing fees or other administrative costs on you, we will reimburse you, upon request, to the extent such fees or costs would exceed those that you would otherwise have to pay if you were proceeding instead in a court. We will also pay additional fees or costs if required to do so by the arbitration administrator’s rules or applicable law. Apart from the foregoing, each Party will be responsible for any other fees or costs, such as attorney fees that the Party may incur. If a court decides that any provision of this Special Arbitration Provision is invalid or unenforceable, that provision shall be severed and the other parts of this Special Arbitration Provision shall still apply. In any case, the remainder of this Terms of Service, will continue to apply.
These Terms constitute the entire and exclusive understanding and agreement between EINC and you regarding the services and content, and these Terms supersede and replace any and all prior oral or written understandings or agreements between EINC and you regarding the services and content. If any provision of these terms is held invalid or unenforceable (either by an arbitrator appointed pursuant to the terms of the “Special Arbitration Provision” section above or by a court of competent jurisdiction, that provision will be enforced to the maximum extent permissible and the other provisions of these terms will remain in full force and effect. You may not assign or transfer these Terms, by operation of law or otherwise, without our prior written consent. Any attempt by you to assign or transfer these Terms, without such consent, will be null. We may freely assign or transfer these Terms without restriction. Subject to the foregoing, these terms will bind and inure to the benefit of the parties, their successors, and permitted assigns.
Any notices or other communications provided by us under these terms, including those regarding modifications to these terms, will be given by posting to the services and/or through other electronic communication.
Our failure to enforce any right or provision of these terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of EINC. Except as expressly set forth in these terms, the exercise by either party of any of its remedies under these terms will be without prejudice to its other remedies under these terms or otherwise.
If you have any questions about these terms or the services, please contact us at email@example.com.