These Terms and Conditions (the "Terms") govern your use of the EuroBit mobile application (the "App"), provided by Inversiones Gonzalez Quintero SL ("EuroBit", "we", "us", the "Company"), with registered office at Calle Valverde 18, Loc Bj Iz, 28004 Madrid, Spain. By installing or using the App you accept these Terms. If you do not agree, do not use the App.
1. Nature of the Application
- The App is a non‑custodial software wallet that generates and stores cryptographic keys locally on your device.
- The Company does not hold, custody, control or manage user assets at any time.
- The App allows you to interact with public blockchain networks and, at your discretion, with third‑party protocols such as Mayan Finance for cross‑chain swaps.
- The Company is not a bank, broker, exchange, custodian, or money transmitter.
2. Control of Keys
- The 12‑word recovery phrase ("seed phrase") and all derived private keys are generated on your device.
- You alone are responsible for the secure storage and confidentiality of your seed phrase.
- Loss of the seed phrase results in permanent and irrecoverable loss of access to the funds associated with it.
- The Company has no copy of your seed phrase, no backup mechanism, and no ability to recover wallets on your behalf under any circumstances.
3. Cryptocurrency Risks
Using cryptocurrencies and decentralised protocols involves significant risk. By using the App you acknowledge and accept, at minimum, the following risks:
- Volatility. The value of digital assets can fluctuate rapidly and substantially, and may go to zero.
- Total loss. You may lose the entire value of your holdings.
- Smart contract risk. Bugs, exploits or unintended behaviour in smart contracts may cause loss of funds.
- Bridge and cross‑chain risk. Cross‑chain operations such as those provided by Mayan Finance rely on bridges and external protocols that may be hacked, paused, or fail.
- DeFi protocol risk. Third‑party DeFi protocols are out of our control and may suffer technical failures, liquidity issues or governance attacks.
- Network risk. Public blockchains may experience congestion, forks, reorganisations or downtime.
- Operational risk. Loss of your device, malware, phishing or unauthorised access to your seed phrase will result in loss of funds.
4. Swaps and Third‑Party Protocols
- Swaps initiated within the App are routed through third‑party decentralised protocols (currently Mayan Finance).
- The Company does not custody, control or guarantee the execution of swap transactions.
- The Company does not guarantee any specific price, slippage, route, settlement time or availability of liquidity.
- Quoted prices are estimates provided by third‑party protocols at a moment in time and may change before broadcast.
- Once a transaction is broadcast it cannot be reversed by the Company.
5. No Financial Advice
The App, its content and any information provided through it are for informational purposes only. The Company does not provide investment, legal, tax, accounting or financial advice, nor any recommendation to buy, sell or hold any digital asset. You are solely responsible for your decisions and should seek independent professional advice if needed.
6. Legal Compliance
By using the App you represent and warrant that:
- You are at least 18 years old and have full legal capacity to accept these Terms.
- You may legally use cryptocurrencies in your jurisdiction of residence.
- You are not subject to any sanctions list, embargo or restriction imposed by the European Union, the United Nations, the United States Office of Foreign Assets Control (OFAC), or any other competent authority.
- You will comply with all applicable laws, including tax obligations, anti‑money‑laundering (AML) and counter‑terrorism financing (CTF) regulations.
- You will not use the App for any illegal activity.
7. Limitation of Liability
To the maximum extent permitted by applicable law, the Company, its directors, officers, employees and agents shall not be liable for any direct, indirect, incidental, special, consequential or punitive damages, or any loss of profits, revenue, data, funds, business or goodwill, arising out of or in connection with:
- Your loss, theft, leak or compromise of your seed phrase, private keys, PIN, biometric data or device.
- Errors, downtime, congestion, forks or reorganisations in public blockchain networks.
- Hacks, exploits, phishing, malware or unauthorised access affecting your device or accounts.
- Failure, downtime, exploit or insolvency of any third‑party service used by the App, including RPC providers, swap protocols, oracles, or block explorers.
- Smart contract bugs or unintended behaviour in protocols you choose to interact with.
- Slippage, price impact, failed transactions, refunds or any economic outcome of swaps.
- Errors in the data displayed in the App, including balances, prices, fee estimates or transaction status.
- Any inability to access the App due to network issues, device issues or App Store outages.
Nothing in these Terms shall limit or exclude any liability that cannot be limited or excluded under applicable mandatory law (including liability for death or personal injury caused by negligence, fraud, or fraudulent misrepresentation).
8. No Warranties
The App is provided "as is" and "as available", without warranties of any kind, express or implied, including but not limited to merchantability, fitness for a particular purpose, accuracy, non‑infringement, uninterrupted availability, or absence of errors or defects.
9. Intellectual Property
- The "EuroBit" name, logo, app icon, design, code and all related materials are the exclusive property of Inversiones Gonzalez Quintero SL, protected by copyright and trademark laws.
- You are granted a personal, non‑exclusive, non‑transferable, revocable license to use the App in accordance with these Terms.
- You may not copy, modify, distribute, sell, reverse‑engineer, or create derivative works from the App except where allowed by mandatory law.
10. Termination and Suspension
The Company may, at its sole discretion and to the extent legally required:
- Suspend or discontinue all or part of the App.
- Restrict or revoke access to the App where required by law, regulation, court order, sanctions, or to prevent fraud, abuse or security incidents.
- Update these Terms; continued use of the App after publication of an updated version constitutes acceptance.
You may stop using the App at any time by uninstalling it. Because EuroBit is non‑custodial, your funds remain accessible to you (with your seed phrase) regardless of the Company's continued operation.
11. Governing Law and Jurisdiction
These Terms are governed by the laws of the Kingdom of Spain. Any dispute arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Madrid, Spain, without prejudice to the consumer protection rights you may have under EU law and the law of your country of residence.
12. Contact
For legal or contractual matters, please contact:
- Legal name: Inversiones Gonzalez Quintero SL
- Address: Calle Valverde 18, Loc Bj Iz, 28004 Madrid, Spain
- E‑mail: clientes@eurobit.es