Terms of Use

Ownbit is a self-custodial cryptocurrency wallet application. It is software that helps users create or import wallets, view public blockchain data, manage supported digital assets, and prepare, sign, and broadcast blockchain transactions. Ownbit does not take custody of user assets, does not hold your private keys for you, and does not operate as a bank, broker, exchange, custodian, money transmitter, trustee, or investment adviser through the wallet software itself.

These Terms form a legally binding agreement between you and BITTOOL PTE. LTD. (“we”, “us”). By downloading, installing, accessing, or using Ownbit, you agree to these Terms and to our Privacy Policy. If you do not agree, do not use Ownbit.

You may use Ownbit only if you are at least 18 years old (or the age of majority where you live, if higher) and legally permitted to do so under the laws that apply to you. By using Ownbit, you represent that your use of the wallet and any supported digital assets is lawful in your jurisdiction, and that you are not located in, organized in, or a resident of a country or territory subject to comprehensive sanctions, and are not a person named on any sanctions list. If you are using Ownbit on behalf of an entity, you represent that you have authority to bind that entity to these Terms.

Ownbit is designed for self-custody. You are solely responsible for your wallets, devices, private keys, seed phrases, passphrases, passwords, biometrics, backups, and security settings. Except for the limited Ownbit Official co-signing role described in Section 7, we never hold keys that can be used to access your assets.

• We cannot recover a lost seed phrase, passphrase, password, or private key for you.
• If you use a BIP39 passphrase, a different or mistyped passphrase opens a different wallet. We cannot check, store for you, or recover your passphrase; you must back it up together with your seed phrase.
• We cannot reverse or cancel blockchain transactions once submitted.
• We cannot guarantee access to your assets if you lose access credentials, misconfigure backups, or send assets to an incorrect address or network.

Certain advanced features may require a paid membership, subscription, or enterprise plan. Pricing, trial eligibility, and the feature scope of each plan are shown in the app or on the website, and we may change them prospectively. Purchases made through the Apple App Store or Google Play are also subject to the terms and refund policies of that store. Unless required by applicable law, fees already paid for a membership period are not refundable once the relevant service period has started. Paying for a membership does not create any guarantee, insurance, or compensation obligation regarding your digital assets.

Blockchain networks are decentralized systems not controlled by BITTOOL PTE. LTD. When you use Ownbit to submit a transaction, the actual transaction is processed by the relevant blockchain network and related infrastructure providers, not by us. You acknowledge that blockchain transactions may be irreversible, may fail, may be delayed, may incur network fees, and may be affected by congestion, forks, validator behavior, smart contract logic, third-party infrastructure, or other events outside our control. You are responsible for checking every address, amount, network, fee, and signature request before you approve it.

MultiSig, family coordination, and enterprise approval workflows require careful configuration and backup by all relevant participants. You are responsible for understanding threshold rules, signer roles, whitelist settings, spending limits, time locks, and internal approval policies before using these features. If participants lose access, fail to coordinate, become inactive, or configure signing policies too strictly, assets may become difficult or impossible to move. Arrangements among participants are solely between the participants; we are not a party to them and do not resolve disputes among participants or with third parties.

When you choose the Accident-Protected MultiSig mode on networks where Ownbit offers it through an Ownbit Official participant (currently including BTC, TRX, and SOL), Ownbit Official (wallet ID “ownbit”) is added as an additional participant of your multisig (for example, a 3-of-3 multisig becomes 3-of-4). By choosing this mode, you acknowledge and agree that:

• Limited role. Ownbit Official’s only role is to add one signature when the conditions shown in the app are met — currently, when the remaining active participants can no longer reach the signing threshold because a participant has been inactive for the period stated in the app, and a participant has asked us through our official support channels. Ownbit Official never signs automatically and takes part in no other decision.
• No custody and no fiduciary duty. Ownbit Official holds only one key of the multisig and cannot move your assets on its own. We do not take custody of, control, insure, or guarantee your assets, and we do not act as your trustee, agent, escrow, fiduciary, arbitrator, or mediator.
• No obligation and no service level. Co-signing is a discretionary, best-efforts accommodation. We may be unable to sign, may decline to sign, or may sign late — including because of technical failure; loss of, damage to, or compromise of our keys; unavailability of blockchain networks or third parties; legal or regulatory requirements, sanctions, or court or government orders; a request we cannot verify under our procedure; suspected fraud or unlawful activity; or our ceasing to operate. We may change, suspend, or end Ownbit Official co-signing, including the inactivity period and the request procedure, at any time.
• No judgment of disputes. We do not judge disputes, rights, or ownership between participants or third parties, and we are not responsible for whether a transaction we co-sign under the stated rules is authorized, correct, or in anyone’s interest.
• Risk to our keys. Although we take measures to protect our signing keys, no system is completely secure. Our keys could be lost, compromised, stolen, misused, or become unavailable. Because Ownbit Official alone cannot meet your threshold, the security of your multisig still depends on the keys of your own participants; you are responsible for choosing a threshold and participants that remain safe even if our key is compromised or unavailable.
• Keep your own backups. Do not rely on Ownbit Official as a backup or recovery method. Keep every participant’s seed phrase, passphrase, and devices backed up, and keep participants active as described in the app.
• No liability. To the maximum extent permitted by law, we have no liability for any act or omission of Ownbit Official, including any failure, delay, or refusal to sign, any signature given under the stated rules, or any loss, compromise, or unavailability of our keys (see Section 15).

Ownbit may show warnings and information to help you — for example Security Center checks, known-contract labels, signature and transaction interpretations, risk levels, address and blacklist checks, and the address check shown before you import a wallet. These features rely on incomplete data and heuristics, may be wrong, out of date, or incomplete, and cannot detect every scam, malicious contract, phishing attempt, or mistake. The absence of a warning does not mean that a transaction, address, contract, token, or dApp is safe. You remain solely responsible for reviewing and approving every transaction and signature.

Your use of blockchain networks may require payment of miner fees, gas fees, rent, or similar charges. Those charges are determined by the relevant network or service provider, not by us. Ownbit may let you connect to decentralized applications (for example through WalletConnect), DeFi protocols, swap or bridge services, and other third-party services, and may rely on third-party infrastructure or data providers for blockchain connectivity, notifications, pricing, asset metadata, or similar functions. Third-party services are not operated or endorsed by us; your use of them is at your own risk and subject to their terms. We are not responsible for the acts, omissions, availability, security, or terms of third-party services, or for any assets you send to or approve for them.

You understand and accept the risks of digital assets and blockchain technology, including price volatility; loss of value; illiquidity; software bugs and vulnerabilities in wallets, networks, and smart contracts; hacking, malware, phishing, and social engineering; forks, chain reorganizations, and network failures; loss or theft of devices or credentials; advances in cryptography; and changes in law, regulation, or taxation that may adversely affect digital assets or the use of Ownbit. You are solely responsible for evaluating these risks.

You agree not to use Ownbit in a way that:

• violates any applicable law or regulation, including sanctions and anti-money-laundering laws;
• infringes or misappropriates another person’s rights;
• attempts to interfere with, disrupt, or compromise the security or integrity of Ownbit or related systems;
• uses scraping, malware, denial-of-service activity, or similar harmful techniques against Ownbit infrastructure;
• misrepresents your identity or affiliation with a person or entity;
• facilitates fraud, theft, sanctions evasion, money laundering, or other unlawful activity.

Ownbit is software, not financial advice. Nothing in the app, on the website, or in support communications constitutes legal, tax, accounting, investment, or other professional advice. Ownbit does not execute trades for you and does not recommend whether you should buy, sell, hold, or transfer any digital asset. You are solely responsible for determining and paying any taxes that apply to your transactions.

The Ownbit website, application, branding, logos, interface design, text, graphics, and software components made available by us are owned by BITTOOL PTE. LTD. or our licensors and are protected by applicable intellectual property laws. Open-source components are subject to their own licenses. Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to use Ownbit for your personal or internal business use in accordance with these Terms. If you send us feedback or suggestions, we may use them without any obligation to you.

Ownbit, including all features, content, support, and Ownbit Official co-signing, is provided on an “as is” and “as available” basis, without warranties of any kind, to the maximum extent permitted by law. We disclaim all express, implied, and statutory warranties, including warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, and quiet enjoyment. We do not guarantee that Ownbit will always be available, uninterrupted, timely, secure, accurate, free of bugs or vulnerabilities, or compatible with your devices. We also do not guarantee the availability or functionality of any blockchain network, validator, smart contract, node, asset, token standard, or third-party infrastructure provider. Features marked as beta, preview, or experimental may be especially unreliable.

To the maximum extent permitted by applicable law, in no event will BITTOOL PTE. LTD., its affiliates, or any of their directors, officers, employees, contractors, agents, licensors, or service providers (the “Ownbit Parties”) be liable to you or to any third party for any damages, losses, costs, or liabilities of any kind — whether direct, indirect, incidental, consequential, special, exemplary, or punitive, and including any loss of digital assets, funds, profits, revenue, business, goodwill, data, or opportunity — arising out of or relating to Ownbit, these Terms, any transaction, any MultiSig or Ownbit Official co-signing arrangement, any security feature, or any third-party service, however caused and under any theory of liability (contract, tort including negligence, strict liability, or otherwise), even if advised of the possibility of such damages. The Ownbit Parties’ total aggregate liability for all such claims is zero (USD 0).

Nothing in these Terms excludes or limits any liability that cannot be excluded or limited under applicable law. If, despite the preceding paragraph, any Ownbit Party is held liable for a claim, its total aggregate liability for that claim and all related claims will be limited to the smallest amount permitted by applicable law and will in no event exceed the lesser of (a) the fees you actually paid to us for the Ownbit service concerned in the twelve (12) months before the event giving rise to the claim, and (b) USD 100.

These limitations apply even if a remedy fails of its essential purpose. You agree that they are a fundamental basis of the bargain between you and us and that Ownbit is offered free of charge or at low cost in reliance on them.

To the maximum extent permitted by law, you agree to indemnify, defend, and hold harmless the Ownbit Parties from and against any claims, losses, liabilities, damages, costs, and expenses (including reasonable legal fees) arising out of or relating to your use of Ownbit; your breach of these Terms or of applicable law; your transactions and the dApps or third-party services you interact with; any dispute among MultiSig participants or with any third party; or any request you make for Ownbit Official co-signing. You release the Ownbit Parties from all claims and losses arising from disputes between you and other users, MultiSig participants, or third parties.

We may modify, suspend, or discontinue all or part of Ownbit, any feature, or your access at any time, with or without notice. You may stop using Ownbit at any time; because Ownbit is self-custodial, you keep access to your assets through your own seed phrase and passphrase even if you stop using Ownbit. We may update these Terms from time to time and will make reasonable efforts to inform you of material changes through the app or the website. The updated version becomes effective when posted, unless a later effective date is stated. Your continued use of Ownbit after updated Terms become effective means you accept the revised Terms. Sections 3 and 6 to 20 survive any termination.

These Terms are governed by the laws of Singapore, without regard to conflict of law principles. Any dispute, controversy, or claim arising out of or relating to these Terms or Ownbit, including any question about their existence, validity, or termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) under its arbitration rules in force at the time. The seat of arbitration is Singapore, the tribunal shall consist of one arbitrator, and the language of the arbitration is English. Either party may seek urgent interim relief from a court of competent jurisdiction.

To the maximum extent permitted by law, disputes will be resolved only on an individual basis and not as a plaintiff or class member in any class, collective, consolidated, or representative proceeding. Any claim must be brought within one (1) year after the cause of action arises, or it is permanently barred, to the extent permitted by law.

These Terms, together with the Privacy Policy and any additional terms shown in the app for specific features, are the entire agreement between you and us about Ownbit. If any provision is held invalid or unenforceable, it will be enforced to the maximum extent permissible and the remaining provisions will stay in full force. Our failure to enforce any right is not a waiver of it. You may not assign these Terms without our consent; we may assign them without restriction. We are not responsible for any failure or delay caused by events beyond our reasonable control. If these Terms are translated, the English version prevails.

If you have questions about these Terms, please contact:

BITTOOL PTE. LTD.
Email: support@ownbit.io