Terms of Service

Terms of Service

Last updated March 22, 2025

This is a contract (the “Agreement”) between you and Bitcoin-tx. References in this Agreement to “you” and “your” are to the person with whom Bitcoin-tx enters into this Agreement.

By clicking “I agree” or similar terms when creating a Wallet (as defined below) through www.bitcoin-tx.com or any of our associated browser extensions, websites, APIs, or mobile applications (collectively, the “Services”), or by proceeding with a download or update for a Wallet when offered a choice of proceeding or not, you are agreeing to be bound by the terms and conditions found in this Agreement. You represent and warrant that you have the power and capacity to enter into this Agreement.

Acceptance of Terms

By accessing or using Bitcoin-tx services, you agree to be bound by these Terms of Service. If you disagree with any part, you may not access our platform.

Account Security Responsibilities

You are responsible for maintaining the confidentiality of your account credentials and all activities under your account.

Prohibited Activities

You agree not to engage in any illegal activities or violate any laws through our platform.

Bitcoin-tx Services

Bitcoin TX provides decentralized online and offline storage custody solutions for digital assets. We are not responsible for any loss of assets due to user error. The Bitcoin-tx Services enable you to create one or more multi-signature, hierarchical deterministic (HD), non-custodial cryptocurrency wallets for certain supported digital assets (“Wallet”) and to use the Wallet to store, send, request, and receive supported digital assets.

Our Services are intended for use by persons who are highly knowledgeable about cryptocurrency and HD non-custodial wallets. By using our Services, you represent that you qualify as such a person and have carefully reviewed our content.

Supported Digital Assets

Our Services, including any Wallet, are for use with Bitcoin (BTC) ecosystem only and any other digital assets we may explicitly decide to support in the future at our discretion (“Digital Assets”). We have no obligation to support any digital assets (including but not limited to forkcoins, altcoins, airdrops, or other digital assets) beyond Bitcoin or those we explicitly choose to support. We assume no responsibility or liability for any attempt to use your Wallet for unsupported digital assets. Keys or signatures held or produced by us belong to us, and we reserve all associated rights.

Responsibility for Mnemonics, PINs, and Other Authentication Means

Our Services provide various methods to secure your Wallet, including mnemonics, personal identification numbers (PINs), two-factor authentication, and multi-signature options (e.g., 2of2 or 2of3 signing). We do not store or have access to your mnemonics, PINs, or private keys.

You are solely responsible for safeguarding your mnemonics, PINs, two-factor authentication methods, and any other security measures provided. If you lose or forget these authentication means, Bitcoin-tx cannot recover them, and you may permanently lose access to any Digital Assets in your Wallet.

Mnemonics and Catastrophic Impact of Their Loss or Misappropriation

When you create a Wallet, our software generates a random 24-word mnemonic phrase as a seed for your BIP32 hierarchical wallet. This mnemonic contains all the information needed to recover your Wallet if other authentication methods fail. For certain Wallet types (e.g., 2of2 non-CSV), retaining recovery nlocktime files may also be required for recovery.

Bitcoin-tx does not store, access, or have any means to recover your mnemonic. It is your responsibility to keep it secure and not share it with anyone, including Bitcoin-tx representatives. If you lose your mnemonic, you will permanently lose access to your Wallet and suffer a complete, irrecoverable loss of all Digital Assets stored therein. Bitcoin-tx is not liable for any loss or damage resulting from the loss or misappropriation of your mnemonic.

Recovery Feature and Risks

We may offer a recovery feature for 2of2 signature Wallets to protect against loss of access if our Services become unavailable. This feature requires you to have secured your mnemonic. It includes a default waiting period before you can transfer Digital Assets, adjustable in your Wallet settings. During this period, if our Services are unavailable or you lose all two-factor authentication means, your Digital Assets will be illiquid, exposing you to market risks. Bitcoin-tx is not responsible for such risks or losses.

Two-Factor Authentication Reset

If you lose all two-factor authentication methods but retain your mnemonic, you may initiate a two-factor reset within your Wallet. This process includes a grace period of at least one year, during which your Wallet will be read-only, and you cannot transact or transfer Digital Assets. This period may be extended by unexpired recovery periods or disputes. Disputes can halt the reset process, and Bitcoin-tx’s resolution of disputes is final and binding, potentially resulting in permanent inaccessibility of your Wallet.

Intellectual Property

We grant you a limited, personal, non-transferable, non-exclusive license to access and use the Website and Services as provided by Bitcoin-tx, subject to this Agreement and solely for approved purposes. Certain software may be licensed under open-source terms. All other rights, titles, and interests in the Website and Services belong to Bitcoin-tx and, and you may not use them without prior written consent.

Third Party Integrations

Our Services may integrate with third-party services. We are not responsible for these services or any loss or damage they may cause.

Changes to or Termination of Our Services

We may modify or discontinue features of our Services at any time. You may stop using our Services at any time. We may terminate our Services at our discretion, endeavoring to provide advance notice but with no obligation to do so. If Services end abruptly, the recovery feature may allow transfers after the recovery period, though you will face the risks outlined in “Recovery Feature and Risks.” Bitcoin-tx is not liable for losses due to termination or inaccessibility during recovery periods.

Your Compliance with Applicable Laws

You represent and warrant that your use of the Services complies with applicable laws and is not for illegal purposes, such as gambling, fraud, money laundering, or terrorism financing.

Disclaimer of Warranties

All Bitcoin-tx Services, including any Wallet, are provided “as is” and “as available” without any warranties, express or implied, to the fullest extent permitted by law. We disclaim warranties of title, merchantability, fitness for a particular purpose, and non-infringement.

Exclusion and Limitation of Liability

Bitcoin-tx, its directors, officers, employees, suppliers, agents, or affiliates will not be liable for any direct, indirect, special, consequential, exemplary, or punitive damages arising from your use of the Services or Wallet, including loss of Digital Assets or inability to access them. This includes, but is not limited to, losses due to:

  • Brute-force attacks on your Wallet;
  • Server failure, hacks, or unavailability;
  • Forgotten mnemonics or passwords;
  • Lost two-factor authentication methods;
  • Inability to transact during reset grace periods or disputes;
  • Errors in network fees or transaction construction;
  • Phishing or impersonation sites.

Our total aggregate liability for all claims is limited to USD 50. These exclusions are subject to applicable law, including liability for fraud, gross negligence, or willful misconduct.

Indemnification

You will indemnify and hold harmless Bitcoin-tx and its affiliates from any claims, losses, or damages arising from your use of the Services or violation of this Agreement, including legal fees.

What Bitcoin-tx Does Not Do

We do not exchange digital currency for fiat, issue or redeem digital currency, or control your Wallet or Digital Assets. We are not a bank, custodian, exchange, or regulated financial institution. Prices displayed via third-party services do not guarantee exchangeability. We do not control or guarantee the value, functionality, or security of Digital Assets or their underlying protocols.

Information on Our Website

Website content is for general information only. We strive for accuracy but make no warranties about its completeness, reliability, or suitability. Reliance on this information is at your own risk.

Governing Law and Dispute Resolution

(a) If you reside outside the United States, this Agreement is governed by [Insert Jurisdiction, e.g., English] law and the non-exclusive jurisdiction of [Insert Jurisdiction, e.g., English] courts, subject to additional consumer protections in your home jurisdiction if applicable. (b) If you reside in the United States, this Agreement is governed by California law (excluding conflict of laws), and disputes will be resolved through binding arbitration under the American Arbitration Association’s consumer rules, conducted in your county or a mutually agreed location. You waive jury trials and class actions. The arbitrator’s decision is enforceable in court, and the prevailing party recovers costs and fees. If any arbitration provision is invalid, the rest of this Agreement remains effective.

Data Protection

We may collect and process personal data related to you or your associates in connection with this Agreement. See our Privacy Policy for details.

Miscellaneous

No waiver of rights occurs through inaction. We may amend this Agreement with notice; your remedy for disagreement is to stop using the Services. You may not assign this Agreement, but we may. It governs our relationship without creating third-party rights. Use of the Services is subject to export controls and sanctions; you may not use them if in a sanctioned country (e.g., Cuba, Iran) or on a sanctioned list. Terms surviving termination remain binding. Invalid terms do not affect others. This Agreement is the entire understanding between us.

Effective date: 5/24/2025
These Terms may be updated periodically. Continued use after changes constitutes acceptance of the modified Terms.