Terms
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These Terms of Use ("Terms") govern your access to and use of the BIX mobile application and related software ("App") provided by Bit1 Ventures and/or BIX Wallet ("Company," "we," "us," or "our"). By downloading, accessing, or using the App, you agree to be bound by these Terms. If you do not agree, do not use the App.
1. Overview of the App
BIX is a non-custodial digital asset wallet application that allows you to:
Generate and store private keys and recovery phrases locally on your device
View, send, and receive supported digital assets on compatible blockchain networks
Interact with decentralized applications ("dApps") and decentralized exchanges ("DEXs")
Swap supported digital assets through on-chain smart contracts
Stake supported digital assets via on-chain protocols
The App is a software interface only. We do not operate a blockchain, exchange, broker-dealer, financial institution, or money services business through the App.
2. Non-Custodial Nature
The App is non-custodial. At no point does the Company have access to, custody of, or control over your private keys, recovery phrases, or digital assets. You are solely responsible for:
Safeguarding your private keys and recovery phrases
Maintaining the security of your device
All transactions initiated through the App
Loss of your private keys or recovery phrases will result in permanent, irreversible loss of access to your digital assets. We cannot recover them for you.
3. Eligibility
You represent and warrant that:
You are at least 18 years of age (or the age of majority in your jurisdiction)
You are not located in, or a resident or national of, any country subject to international sanctions or embargoes
You are not on any restricted persons list maintained by OFAC, the UN, or any equivalent authority
Your use of the App complies with all applicable laws and regulations in your jurisdiction
You are not using the App on behalf of any third party in violation of these Terms
4. No Financial Advice
Nothing in the App or provided by the Company constitutes financial, investment, legal, or tax advice. The App provides tools to interact with blockchain networks. Any decision to buy, sell, hold, stake, or otherwise transact in digital assets is your own. You should consult a qualified professional before making financial decisions.
5. Assumption of Risk
You acknowledge and accept the following risks:
Blockchain risk: Transactions on blockchain networks are irreversible. Errors in wallet addresses, amounts, or network selection may result in permanent loss of assets.
Volatility risk: Digital asset prices are highly volatile and may result in significant financial loss.
Smart contract risk: Interactions with dApps and DEXs involve third-party smart contracts that may contain bugs, vulnerabilities, or exploits. The Company does not audit, endorse, or guarantee any third-party protocol.
Regulatory risk: The regulatory status of digital assets varies by jurisdiction and may change at any time.
Network risk: Blockchain networks may experience congestion, forks, downtime, or other disruptions beyond our control.
Technology risk: Software may contain bugs or errors despite our best efforts. No software is guaranteed to be error-free.
6. Prohibited Uses
You agree not to use the App to:
Violate any applicable law, rule, or regulation
Engage in fraud, money laundering, terrorist financing, or any other illicit activity
Circumvent or attempt to circumvent any sanctions, embargoes, or export controls
Interfere with, disrupt, or compromise the integrity or security of the App or any blockchain network
Reverse engineer, decompile, or disassemble the App except as permitted by law
Use the App for any purpose that is deceptive, harmful, or infringes on the rights of others
Use automated scripts, bots, or other tools to interact with the App in an unauthorized manner
7. Third-Party Services
The App may integrate with or display information from third-party services, including blockchain networks, dApps, DEXs, price feeds, and other external platforms. These services are not operated or controlled by us. We make no representations or warranties regarding their accuracy, availability, security, or legality. Your use of third-party services is at your own risk and subject to their respective terms.
8. Intellectual Property
All intellectual property rights in the App, including software, design, trademarks, logos, and content, are owned by or licensed to the Company. You are granted a limited, non-exclusive, non-transferable, revocable license to use the App for personal, non-commercial purposes in accordance with these Terms. You may not copy, modify, distribute, sell, or create derivative works of the App without our prior written consent.
9. Privacy
Your use of the App is subject to our Privacy Policy, available on our website. The Privacy Policy describes how we collect, use, and protect your information. By using the App, you consent to the practices described therein.
10. Disclaimer of Warranties
THE APP IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR UNINTERRUPTED ACCESS. WE DO NOT WARRANT THAT THE APP WILL BE ERROR-FREE, SECURE, OR AVAILABLE AT ALL TIMES.
11. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF DIGITAL ASSETS, LOSS OF PROFITS, OR LOSS OF DATA, ARISING OUT OF OR RELATED TO YOUR USE OF THE APP, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
IN NO EVENT SHALL OUR TOTAL AGGREGATE LIABILITY EXCEED ONE HUNDRED U.S. DOLLARS (USD $100).
12. Indemnification
You agree to indemnify, defend, and hold harmless the Company and its directors, officers, employees, affiliates, and agents from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of the App; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; or (d) your violation of any rights of a third party.
13. Modifications to the Terms
We reserve the right to modify these Terms at any time. Changes will be effective upon posting the updated Terms on our website or within the App. Your continued use of the App following any changes constitutes your acceptance of the revised Terms. We encourage you to review these Terms periodically.
14. Termination
We may suspend or terminate your access to the App at any time, without notice, for any reason, including if we reasonably believe you have violated these Terms. Upon termination, your license to use the App is immediately revoked. Sections that by their nature should survive termination (including Disclaimers, Limitation of Liability, Indemnification, and Governing Law) shall survive.
15. Dispute Resolution
Any dispute arising out of or relating to these Terms shall be resolved through good faith negotiation between the parties. If the dispute cannot be resolved through negotiation within thirty (30) days, either party may pursue binding arbitration in accordance with the rules of a mutually agreed-upon arbitration body. Each party shall bear its own costs unless otherwise determined by the arbitrator.
16. Severability
If any provision of these Terms is held to be invalid or unenforceable, that provision shall be modified to the minimum extent necessary, and the remaining provisions shall continue in full force and effect.
17. Entire Agreement
These Terms, together with the Privacy Policy, constitute the entire agreement between you and the Company regarding your use of the App and supersede all prior agreements and understandings.
