Coti Wallet Terms of Service

1. Eligibility and Account Requirements

To use Coti Wallet, you must meet certain eligibility requirements and understand your responsibilities when creating and maintaining your wallet.

Age and Legal Capacity

Minimum Age: You must be at least 18 years old or the age of legal majority in your jurisdiction to use Coti Wallet. By using our services, you represent and warrant that you meet this age requirement.
Legal Capacity: You must have the legal capacity to enter into a binding agreement. If you are using Coti Wallet on behalf of a legal entity, you represent that you have the authority to bind that entity to these terms.
Jurisdictional Compliance: You are responsible for ensuring that your use of Coti Wallet complies with all applicable laws and regulations in your jurisdiction.

Platform Requirements

Supported Systems: Coti Wallet is available for Windows, macOS, and Linux operating systems. You are responsible for ensuring your system meets the minimum requirements for running the wallet.
Software Updates: We recommend keeping your operating system and Coti Wallet updated to the latest versions for optimal security and functionality.
Device Security: You are responsible for maintaining the security of your device, including using strong passwords, enabling encryption, and protecting against malware.

Prohibited Jurisdictions

Sanctions Compliance: You may not use Coti Wallet if you are located in, or a citizen or resident of, any jurisdiction where the use of cryptocurrency wallets is prohibited by law or international sanctions.
Restricted Activities: You must not use Coti Wallet for any purpose that violates applicable laws, including but not limited to money laundering, terrorist financing, or sanctions evasion.

2. Description of Service

Coti Wallet is a non-custodial, open-source cryptocurrency wallet that allows you to securely store, send, receive, and manage digital assets across multiple blockchain networks.

Core Features

Multi-Chain Support: Manage Bitcoin, Ethereum, COTI, and hundreds of other cryptocurrencies and tokens across multiple blockchain networks from a single interface.
Non-Custodial Architecture: You maintain complete control of your private keys and digital assets. Coti Wallet does not have access to your funds or the ability to freeze, reverse, or cancel transactions.
Transaction Management: Send, receive, and track cryptocurrency transactions across supported blockchain networks.
DeFi Integration: Access decentralized exchanges, lending protocols, and other DeFi services directly through the wallet interface.
Portfolio Tracking: Monitor your cryptocurrency holdings and their values in real-time across multiple networks.

Platform Availability

Desktop Applications: Native applications optimized for Windows, macOS, and Linux operating systems, providing full wallet functionality.
Cross-Platform Compatibility: Your wallet can be restored on any supported platform using your seed phrase, allowing flexibility in how you access your assets.
Offline Capabilities: Certain features, such as viewing your wallet addresses and generating transactions for later broadcast, are available offline.

Service Limitations

Blockchain Dependency: Our service relies on third-party blockchain networks. We do not control these networks and cannot guarantee their availability, performance, or security.
Network Fees: Blockchain transactions require network fees (gas fees) that are paid to blockchain validators, not to Coti Wallet. These fees are determined by network conditions and are subject to change.
No Account Recovery: As a non-custodial wallet, we cannot recover your wallet if you lose your seed phrase or password. You are solely responsible for backing up and securing this information.

3. Wallet Security and Private Key Responsibility

The security of your wallet and digital assets is primarily your responsibility. Understanding and following security best practices is essential.

Your Security Obligations

Seed Phrase Protection: Your seed phrase (recovery phrase) is the master key to your wallet. You must store it securely, preferably written on paper and kept in a safe location. Never store it digitally or share it with anyone, including Coti Wallet support.
Password Security: Create a strong, unique password for your wallet. Do not reuse passwords from other services. We recommend using a password manager to generate and store complex passwords.
Private Key Confidentiality: Your private keys must remain confidential at all times. Never share your private keys, seed phrase, or wallet password with anyone. Coti Wallet will never ask for this information.
Backup Responsibility: You must create and securely store backups of your seed phrase. Loss of your seed phrase without a backup will result in permanent loss of access to your funds.
Device Security: Maintain the security of devices where Coti Wallet is installed. Use antivirus software, keep your operating system updated, and avoid using the wallet on shared or compromised devices.

Security Features and Best Practices

Two-Factor Authentication: Enable all available security features, including two-factor authentication and biometric authentication where supported.
Transaction Verification: Always carefully verify transaction details, including recipient addresses and amounts, before confirming transactions. Blockchain transactions are irreversible.
Phishing Protection: Be vigilant against phishing attempts. Always download Coti Wallet from official sources and verify the authenticity of communications claiming to be from Coti Wallet.
Regular Updates: Keep Coti Wallet updated to the latest version to benefit from security patches and improvements.

No Recovery Service

Irreversible Loss: If you lose your seed phrase and password, we cannot recover your wallet or your funds. This is a fundamental characteristic of non-custodial wallets.
No Support Access: Coti Wallet support cannot access your wallet, reset your password, or recover your seed phrase. Be extremely cautious with this information.
Scam Warning: Anyone claiming they can recover your wallet without your seed phrase is attempting to scam you. Never provide your seed phrase to anyone claiming to offer recovery services.

4. User Responsibilities and Acceptable Use

As a user of Coti Wallet, you agree to use the service responsibly and in compliance with all applicable laws and regulations.

General Responsibilities

Legal Compliance: You are solely responsible for ensuring that your use of Coti Wallet and your cryptocurrency transactions comply with all applicable laws, regulations, and tax obligations in your jurisdiction.
Transaction Accuracy: You are responsible for ensuring the accuracy of all transaction information, including recipient addresses, amounts, and network fees. Blockchain transactions are irreversible once confirmed.
Due Diligence: You must conduct your own research and due diligence before engaging in any cryptocurrency transactions or interacting with DeFi protocols through the wallet.
Risk Understanding: You acknowledge that cryptocurrency transactions involve significant risks, including market volatility, loss of funds, and technical failures. You accept all risks associated with using Coti Wallet.

Prohibited Activities

Illegal Activities: You may not use Coti Wallet for any illegal purposes, including but not limited to money laundering, terrorist financing, fraud, or purchasing illegal goods or services.
Sanctions Violations: You may not use Coti Wallet to transact with individuals or entities subject to economic sanctions or located in sanctioned jurisdictions.
Market Manipulation: You may not use Coti Wallet to engage in market manipulation, wash trading, or other deceptive trading practices.
System Abuse: You may not attempt to hack, reverse engineer, or otherwise compromise the security or functionality of Coti Wallet.
Impersonation: You may not impersonate Coti Wallet, its employees, or other users, or create fake accounts to deceive others.

Monitoring and Enforcement

Limited Monitoring: As a non-custodial wallet, we do not monitor individual transactions or wallet activities. However, we may take action if we become aware of violations of these terms.
Cooperation with Authorities: We reserve the right to cooperate with law enforcement and regulatory authorities when required by law or when we believe it is necessary to prevent illegal activity.
Service Termination: We reserve the right to terminate access to our services, including software updates and support, for users who violate these terms.

5. Third-Party Services and Integrations

Coti Wallet integrates with various third-party services and protocols to provide comprehensive functionality. Your use of these services is subject to additional terms.

DeFi Protocol Integration

Direct Interaction: When you use DeFi features such as decentralized exchanges, lending platforms, or yield farming protocols through Coti Wallet, you interact directly with those third-party protocols.
Third-Party Terms: Each DeFi protocol has its own terms of service, risks, and smart contract code. You are responsible for reviewing and understanding these terms before using any protocol.
Smart Contract Risks: Smart contracts may contain bugs, vulnerabilities, or unexpected behavior. Coti Wallet does not audit or guarantee the security of third-party smart contracts.
No Endorsement: The availability of a DeFi protocol through Coti Wallet does not constitute an endorsement or recommendation. You must conduct your own research.

Blockchain Networks

Network Dependency: Coti Wallet relies on blockchain networks operated by third parties. We do not control these networks and cannot guarantee their availability, security, or performance.
Network Changes: Blockchain networks may undergo upgrades, hard forks, or other changes that could affect your assets or transactions. You are responsible for staying informed about network developments.
Network Fees: Transaction fees (gas fees) are determined by blockchain networks and paid to network validators. These fees are separate from any fees charged by Coti Wallet.
Network Congestion: During periods of high network activity, transactions may be delayed or require higher fees. Coti Wallet is not responsible for network congestion or delays.

Third-Party Data Providers

Price Data: Cryptocurrency prices and market data displayed in Coti Wallet are provided by third-party data providers and may not be accurate, complete, or up-to-date.
Node Providers: We use third-party node providers to connect to blockchain networks. These providers may have their own terms of service and privacy policies.
No Liability for Third Parties: Coti Wallet is not responsible for the actions, errors, or omissions of third-party service providers, including DeFi protocols, blockchain networks, or data providers.

Hardware Wallet Integration

Device Compatibility: Coti Wallet supports integration with certain hardware wallets for enhanced security. Compatibility is subject to the hardware manufacturer's specifications.
Manufacturer Terms: Use of hardware wallets is subject to the manufacturer's terms and conditions. Coti Wallet is not responsible for hardware wallet malfunctions or security issues.

6. Intellectual Property Rights

Coti Wallet and its associated content are protected by intellectual property laws. Understanding these rights is important for proper use of our services.

Ownership and Licensing

Coti Wallet Software: The Coti Wallet software, including its source code, user interface, graphics, logos, and documentation, is owned by Coti Wallet and protected by copyright, trademark, and other intellectual property laws.
Open Source License: Coti Wallet is released under an open-source license, which grants you certain rights to use, modify, and distribute the software. You must comply with the terms of the applicable open-source license.
Trademark Usage: The Coti Wallet name, logo, and other trademarks may not be used without our prior written permission, except as permitted by the open-source license or fair use principles.
Limited License: Subject to these terms, we grant you a limited, non-exclusive, non-transferable, revocable license to download, install, and use Coti Wallet on your Windows, macOS, or Linux devices for personal or commercial purposes.

Restrictions on Use

No Removal of Notices: You may not remove, obscure, or alter any copyright, trademark, or other proprietary rights notices contained in or provided through Coti Wallet.
No Misrepresentation: You may not modify Coti Wallet in a way that misrepresents its origin or suggests endorsement by Coti Wallet of your modifications.
Derivative Works: Creation of derivative works is permitted under the terms of our open-source license, but you must comply with all license requirements, including attribution and license compatibility.

User-Generated Content

Feedback and Suggestions: If you provide feedback, suggestions, or ideas about Coti Wallet, you grant us a perpetual, irrevocable, royalty-free license to use, implement, and incorporate such feedback without compensation or attribution.
Community Contributions: Contributions to the Coti Wallet codebase or documentation are subject to the terms of our open-source license and contributor agreements.

Reporting Infringement

DMCA Compliance: If you believe that your intellectual property rights have been violated, please contact us with a detailed description of the alleged infringement.
Respect for Rights: We respect the intellectual property rights of others and expect our users to do the same.

7. Disclaimers and Limitation of Liability

Understanding the limitations of our service and the risks involved in cryptocurrency transactions is essential. Please read this section carefully.

Service Disclaimers

As-Is Basis: Coti Wallet is provided on an "as-is" and "as-available" basis without warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
No Guarantee of Availability: We do not guarantee that Coti Wallet will be available at all times or that it will function without errors, interruptions, or security vulnerabilities.
No Investment Advice: Coti Wallet does not provide investment, financial, legal, or tax advice. Any information provided through the wallet is for informational purposes only and should not be construed as advice.
No Price Guarantees: We do not guarantee the accuracy of cryptocurrency prices, market data, or portfolio valuations displayed in Coti Wallet. Always verify important information through multiple sources.
Blockchain Limitations: We are not responsible for the performance, security, or availability of blockchain networks, smart contracts, or third-party services integrated with Coti Wallet.

Limitation of Liability

Maximum Liability: To the fullest extent permitted by law, Coti Wallet and its affiliates, officers, employees, agents, and licensors shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, or goodwill.
No Liability for Loss of Funds: We are not liable for any loss of cryptocurrency or digital assets, whether caused by user error, security breaches, network failures, smart contract bugs, or any other reason.
Third-Party Actions: We are not responsible for the actions or omissions of third parties, including blockchain networks, DeFi protocols, exchanges, or other services you access through Coti Wallet.
Force Majeure: We are not liable for any failure or delay in performance due to circumstances beyond our reasonable control, including but not limited to acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, network infrastructure failures, strikes, or shortages of transportation facilities, fuel, energy, labor, or materials.

Acknowledgment of Risks

Cryptocurrency Volatility: You acknowledge that cryptocurrencies are highly volatile and that the value of your digital assets may fluctuate significantly, potentially resulting in substantial losses.
Technical Risks: You understand that blockchain technology, smart contracts, and cryptocurrency wallets involve technical risks, including but not limited to software bugs, network failures, and security vulnerabilities.
Regulatory Uncertainty: You acknowledge that the regulatory status of cryptocurrencies is uncertain and evolving, and that future regulations could adversely affect the value or usability of your digital assets.
Irreversible Transactions: You understand that blockchain transactions are generally irreversible and that you will not be able to recover funds sent to incorrect addresses or lost due to user error.

Indemnification

User Indemnity: You agree to indemnify, defend, and hold harmless Coti Wallet and its affiliates, officers, employees, agents, and licensors from any claims, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or related to your use of Coti Wallet, your violation of these terms, or your violation of any rights of another party.

8. Updates and Modifications

We continuously improve Coti Wallet and may update the software, features, or these terms from time to time.

Software Updates

Automatic Updates: Coti Wallet may automatically download and install updates to improve security, fix bugs, and add new features. You can configure update settings in the application preferences.
Update Notifications: We will notify you of significant updates through the application or our website. We recommend installing updates promptly to maintain optimal security and functionality.
Breaking Changes: Major updates may include breaking changes that affect compatibility with older wallet versions or blockchain networks. We will provide advance notice of such changes when possible.
Version Support: We may discontinue support for older versions of Coti Wallet. Using unsupported versions may expose you to security risks and limit functionality.

Platform-Specific Updates

Windows: Updates for Windows are distributed through our website and may be delivered through Windows Update mechanisms in the future.
macOS: Updates for macOS are distributed through our website and may utilize macOS update frameworks for automatic installation.
Linux: Linux updates may be distributed through package managers (apt, yum, snap, flatpak) or directly from our website, depending on your installation method.

Feature Changes and Deprecation

New Features: We may add new features to Coti Wallet at any time. New features may be experimental and subject to change or removal.
Feature Removal: We reserve the right to modify or discontinue features of Coti Wallet at any time without notice. We will make reasonable efforts to provide advance notice for the removal of significant features.
Beta Features: Some features may be released in beta or experimental status. These features may be unstable and should be used with caution.

Terms Modifications

Right to Modify: We reserve the right to modify these Terms of Service at any time. Material changes will be communicated through the application, email (if provided), or a notice on our website.
Effective Date: Modified terms will become effective upon posting or on the date specified in the notice. Your continued use of Coti Wallet after changes take effect constitutes acceptance of the modified terms.
Rejection of Changes: If you do not agree to the modified terms, you must stop using Coti Wallet. You may export your wallet data before discontinuing use.

9. Termination and Suspension

Understanding the conditions under which your access to Coti Wallet services may be terminated or suspended.

Termination by User

Voluntary Termination: You may stop using Coti Wallet at any time by uninstalling the application from your devices and deleting your wallet data.
Data Retention: Before uninstalling, ensure you have securely backed up your seed phrase if you wish to access your funds in the future. Uninstalling the application will delete local wallet data from your device.
Blockchain Permanence: Terminating your use of Coti Wallet does not delete your transactions from blockchain networks, as blockchain data is permanent and publicly visible.

Termination by Coti Wallet

Terms Violations: We reserve the right to terminate or suspend your access to Coti Wallet services, including software updates and support, if you violate these Terms of Service.
Illegal Activity: We may terminate access if we have reasonable grounds to believe you are using Coti Wallet for illegal purposes or in violation of applicable laws.
Service Discontinuation: We reserve the right to discontinue Coti Wallet or any of its features at any time, with or without notice, though we will make reasonable efforts to provide advance warning.
Limited Impact: Due to the non-custodial nature of Coti Wallet, termination of our services does not affect your ability to access your funds using your seed phrase through other compatible wallet software.

Effects of Termination

Access to Funds: You will retain access to your cryptocurrency funds through your seed phrase, even if your access to Coti Wallet services is terminated. Your funds are stored on blockchain networks, not by Coti Wallet.
Service Access: Upon termination, you will lose access to Coti Wallet support, software updates, and any optional services you may have been using.
Surviving Provisions: Provisions of these terms that by their nature should survive termination will survive, including but not limited to disclaimers, limitations of liability, and indemnification obligations.

Service Continuity

Open Source Nature: Because Coti Wallet is open source, the community can continue to maintain and develop the software even if we discontinue official support.
Alternative Wallets: Your seed phrase is compatible with other BIP39/BIP44 compliant wallets, allowing you to access your funds through alternative wallet software if needed.

10. General Provisions

Additional legal terms that govern your use of Coti Wallet and the interpretation of these Terms of Service.

Governing Law and Jurisdiction

Applicable Law: These Terms of Service are governed by and construed in accordance with the laws of the jurisdiction in which Coti Wallet is registered, without regard to its conflict of law provisions.
Dispute Resolution: Any disputes arising out of or relating to these terms or your use of Coti Wallet shall be resolved through binding arbitration, except where prohibited by law.
Class Action Waiver: To the extent permitted by law, you agree that disputes will be resolved on an individual basis and you waive any right to participate in class actions or class-wide arbitration.
Jurisdiction: For matters not subject to arbitration, you agree to submit to the exclusive jurisdiction of the courts located in our registered jurisdiction.

Entire Agreement

Complete Terms: These Terms of Service, together with our Privacy Policy and any other legal notices published by us, constitute the entire agreement between you and Coti Wallet regarding your use of our services.
Supersedes Prior Agreements: These terms supersede any prior agreements or understandings, whether written or oral, regarding your use of Coti Wallet.

Severability

Invalid Provisions: If any provision of these terms is found to be invalid, illegal, or unenforceable, the remaining provisions will continue in full force and effect.
Modification of Invalid Terms: Invalid provisions will be modified to the minimum extent necessary to make them valid and enforceable while preserving their original intent.

Waiver

No Implied Waiver: Our failure to enforce any right or provision of these terms will not constitute a waiver of that right or provision.
Written Waiver Required: Any waiver of these terms must be in writing and signed by an authorized representative of Coti Wallet.

Assignment

No User Assignment: You may not assign or transfer these terms or your rights and obligations under these terms without our prior written consent.
Our Assignment Rights: We may assign these terms or our rights and obligations under these terms to any party at any time without notice or your consent.

Force Majeure

Excused Performance: Neither party shall be liable for any failure or delay in performance due to circumstances beyond its reasonable control, including acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, pandemics, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials.

Language

English Version Controls: These Terms of Service may be translated into other languages. In case of any conflict or inconsistency between the English version and any translation, the English version shall prevail.

Contact Information

Questions and Support: If you have questions about these Terms of Service or need support, please visit our website or contact our support team through the channels provided in the application.
Legal Notices: All legal notices should be sent to the address specified on our website or through the official contact channels provided in the application.

Terms of Service

Agreement to Terms