TERMS OF SERVICE (“TERMS”)

Last Updated: 6th August 2018 ( SUBJECT TO LEGAL REVIEW)

Please read these Terms carefully before using Digital Assets Crypto Vending Machine (“Services”).  Your access to and use of the Services is conditioned on your acceptance of and compliance with these Terms.  These Terms apply to all customers and others who access and use the Services.

By accessing or using the Services you agree to be bound by these Terms.  If you disagree with any part of the terms then you may choose not to use or continue to use the Services.

1. GENERAL USE

  1. Digital Assets Crypto Vending Machine allows customers to purchase digital assets for Indian Rupees. Digital Assets LLP will take a certain percentage of each transaction as compensation for performing these Services.   The price at which Digital Assets sells bitcoin will be provided to you on the Digital Assets Crypto Vending Machine screen.
  2. Buying Bitcoin.  To buy bitcoin, you will provide your mobile number, that is verified by a One Time Password (OTP). Then scan the address of your desired bitcoin wallet at the Digital Assets Vending Machine scanner. You will then insert the desired amount of INR into the Kiosk.  The appropriate amount of bitcoin, minus any fees, will be sent to the scanned wallet.
  3. Buying Bitcoin Using the Paper Wallet Function.  In lieu of scanning a digital, you also have the option of printing out a Paper Wallet.  The Paper Wallet will show a QR code, which will contain the amount of bitcoin purchased. Warning: Do not throw away or lose this Paper Wallet before scanning it to another wallet, as it contains bitcoin. Digital Assets will not repay you if you lose or throw away your Paper Wallet.
  4. Delay in the digital asset blockchain network.  Confirmations on the digital asset blockchain network could take time and in some rare instances could take hours, if not more.  By using these Services, you understand that it could take time for the transaction to be completed due to these delays in the Network. You also understand that these delays are caused by the digital asset blockchain Network itself, not associated with Digital Assets or its licensers.
  5. Miner Fees.  Miner fees are not included in the final price to the customer. The network may charge miner fees in order to ensure a smooth transaction takes place.

 

2.  RISKS ASSOCIATED WITH DIGITAL ASSETS.

2.1 The risks of trading or holding Digital Assets can be substantial. You should carefully consider whether trading or holding Digital Assets is the right financial decision for you.

 

3.  DIGITAL ASSETS ACCOUNT

3.1 Machine Usage. To purchase digital assets, Digital Assets LLP may require you to input your phone number, take a picture at the Kiosk, and scan your government-issued ID.

3.2 Identity Verification.  You hereby authorize Digital Assets LLP to directly, or through third-parties, to make any inquires necessary to verify your identity and to take steps necessary to protect against fraud and other illegal activity based on the results of such searches.

3.3 Account Information.  You hereby authorize Digital Assets LLP to store your personal identity information.  You also authorize Digital Assets LLP to use your account information to help protect against fraud and other illegal activity.

3.4 Termination or Suspension of Account.  Digital Assets LLP may terminate or suspend access to its Services at any time, without prior notice or liability, for any reason whatsoever, including without limitation, if you breach the Terms.  All provisions of the Terms, which by their nature survive termination, shall survive termination, including, without limitation, ownership provision, warranty disclaimers, indemnity and limitation of liability.  

 

4.  PROHIBITED USE

4.1 In connection with your use of these Services, you agree and represent that you will not engage in any illegal use.  Digital Assets LLP reserves the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process, or government request.

 

5.  LIMITED LICENSE.

5.1 Digital Assets LLP grants you a limited, nonexclusive, nontransferable license, subject to these Terms, to access and use the Digital Assets Kiosk and its Services.   Digital Assets LLP grants the right to use its Services solely for approved purposes as permitted by these Terms and Digital Assets LLP from time to time.  Any other use of these Services is expressly prohibited and all other right, title, and interest in or arising out of these Services is exclusively the property of Digital Assets and its licensors.  You agree that you will not copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale or, create derivative works from, or in any other way exploit any of the Services, in whole or in part.  All logos related to Digital Assets LLP and its licensors or displayed on the Kiosk are either trademarks, registered marks , or associated with Digital Assets LLP or its licensors.  You agree not to copy, imitate or use them without Digital Assets LLP prior written consent.

 

6.  GENERAL PROVISIONS.

6.1 LIMITATION OF LIABILITY; NO WARRANTY.  IN NO EVENT SHALL DIGITAL ASSETS LLP, ITS AFFILIATES, AND SERVICE PROVIDERS, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURES, EMPLOYEES OR REPRESENTATIVE BE LIABLE A) FOR ANY AMOUNT GREATER THAN THE VALUE OF THE TRANSACTION AT THE KIOSK OR B) 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 OR THIS AGREEMENT, EVEN IF AN AUTHORIZED REPRESENTATIVE OF DIGITAL ASSETS HAS BEEN ADVISED OF OR KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES.  

SOME JURISDICTIONS DO NOT ALLOW FOR THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.  

THE DIGITAL ASSETS CRYPTO VENDING MACHINE 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, DIGITAL ASSETS LLP SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND/OR NON-INFRINGEMENT.  DIGITAL ASSETS DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE SERVICES OR ANY MATERIALS CONTAINED THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE.

DIGITAL ASSETS LLP MAKES NO REPRESENTATIONS OR WARRANTIES ABOUT THE AMOUNT OF TIME NECESSARY TO COMPLETE THE TRANSACTION WHICH IS DEPENDENT UPON MANY FACTORS OUTSIDE OF DIGITAL ASSETS LLP’S CONTROL.

6.2 Amendments.  From time to time, it may be necessary for Digital Assets LLP to amend or make changes to these Terms.  As such, you should review these terms periodically.

6.3 Governing Law.  Notwithstanding conflict of law principles, any dispute arising out of these Services will be governed by the laws of the state of Delhi.

6.4  Assignment.  You may not assign any rights and/or licenses granted under this Agreement.  We reserve the right to assign our rights without restriction, including without limitation to any Digital Assets LLP affiliates or subsidiaries, or to any successor in interest of any business associated with the Services.  Subject to the foregoing, these Terms will bind and inure to the benefit of the parties, their successors, and permitted assigns.