Coinprism will be closing down on March 31st, 2018. Make sure to withdraw your funds and export your private keys before this date.
The following Rules set out the basis on which Coinprism Inc provides its Coinprism services to you and governs your use of these services. 1. ACCESSING AND USING COINPRISM By accessing www.coinprism.com, you are agreeing to be bound by this website user agreement, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. You must be at least 18 years of age to use this website. By using this website you warrant and represent that you are at least 18 years of age. You must not use this website in any way that causes, or may cause, damage to the website or impairment of the availability or accessibility of the website; or in any way which is unlawful, illegal, fraudulent or harmful, or in connection with any unlawful, illegal, fraudulent or harmful purpose or activity. 2. THE COINPRISM SERVICE Coinprism is neither a bank nor a regulated financial service. Coinprism does not have access to the Bitcoins stored on the website, it just provides a frontend to access Bitcoins and colored coins. Bitcoin private keys are encrypted using the Coinprism users’ password and Coinprism cannot access or recover Bitcoins and colored coins in the event that the user lose or get his password stolen. 3. ASSUMPTION OF RISK, LIMITATIONS ON LIABILITY & INDEMNITY 3.1 Coinprism Inc makes every effort to secure your Bitcoins and colored coins, however Coinprism Inc takes no responsibility for any direct or indirect financial loss and damage related to the use of Coinprism. As a Coinprism user, you will be liable for any loss or damage arising from the following: - Loss or theft of password - Loss or theft of your wallet private key(s) - Loss or theft of Bitcoin/colored coins due to wallet data being brute forced - Corrupted wallet file(s) - Sending to incorrectly typed Bitcoin addresses - Loss due to phishing attacks, man-in-the-middle attacks, fraud, malicious sites acting as Coinprism, malicious add-ons, or virus and malware on users’ machines. 3.2 You accept and acknowledge that there are risks associated with utilizing an Internet-based Virtual Currency wallet service including, but not limited to, the risk of failure of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your Wallet, including, but not limited to your Wallet Address and Private Key. You accept and acknowledge that Coinprism Inc will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Services, however caused. 3.3 You accept and acknowledge that there are risks associated with utilizing any Virtual Currency network, including, but not limited to, the risk of unknown vulnerabilities in or unanticipated changes to the network protocol. You acknowledge and accept that Coinprism Inc has no control over any cryptocurrency network and will not be responsible for any harm occurring as a result of such risks. 3.4 We will use reasonable endeavours to verify the accuracy of any information on the Website but we make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the contents of the Website, information and functions made accessible through the Website, any hyperlinks to third party websites, or the security associated with the transmission of information through the Website or any website linked to by the Website. 3.5 We will not be responsible or liable to you for any loss and take no responsibility for and will not be liable to you for any use of our Services, including but not limited to any losses, damages or claims arising from: (a) User error such as forgotten passwords, incorrectly constructed transactions, or mistyped Virtual Currency addresses; (b) Server failure or data loss; (c) Corrupted Wallet files; (d) Unauthorized access to applications; (e) Any unauthorized third party activities, including without limitation the use of viruses, phishing, brute forcing or other means of attack against the Website or Services. 3.6 We make no warranty that the Website or the server that makes it available, are free of viruses or errors, that its content is accurate, that it will be uninterrupted, or that defects will be corrected. We will not be responsible or liable to you for any loss of any kind, from action taken, or taken in reliance on material, or information, contained on the Website. 3.7 Subject to 4.1 below, any and all indemnities, warranties, terms and conditions (whether express or implied) are hereby excluded to the fullest extent permitted under U.S. law. 3.8 We will not be liable, in contract, or tort (including, without limitation, negligence), other than where we have been fraudulent or made negligent misrepresentations. 3.9 Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, fraudulent misrepresentation, or any other liability which may not otherwise be limited or excluded under U.S. law. 4. AGREEMENT TO HOLD COINPRISM INC HARMLESS 4.1 You agree to hold harmless Coinprism Inc (and each of our officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable legal fees, arising out or relating to: 4.1.1 Your use of, or conduct in connection with, our Services; 4.1.2 Any feedback or submissions you provide; 4.1.3 Your violation of these Terms; or 4.1.4 Violation of any rights of any other person or entity. 4.2 If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it. 5. NO LIABILITY FOR THIRD PARTY SERVICES AND CONTENT 5.1 In using our Services, you may view content or utilize services provided by third parties, including links to web pages and services of such parties (“Third Party Content”). We do not control, endorse or adopt any Third-Party Content and will have no responsibility for Third Party Content including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent or otherwise objectionable in your jurisdiction. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred as a result of any such dealings and you understand that your use of Third Party Content, and your interactions with third parties, is at your own risk. 6. FEES FOR USING THE COINPRISM INC SERVICES 6.1. Creating a Wallet is free. Coinprism Inc does not currently charge fees for any Services, however we reserve the right to do so in future, and in such case any applicable fees will be displayed prior to you using any Service to which a fee applies. 7. MINERS FEES 7.1 Overview of Virtual Currency Mining. A Virtual Currency network is a network of computers operated by individuals or entities known as “miners,” who voluntarily participate in the process of confirming transactions on the network. These computers (known as “mining rigs”) compile a list or “block” of pending transactions, verify that each transaction in the block is valid and does not involve an attempt to double-spend coins, and attempt to complete a mathematical algorithm that determines whether the block may be added to the public ledger of confirmed blocks, called the “blockchain.” Typically, miners receive: (i) an amount of Virtual Currency as a reward for any confirmed transaction, generated automatically via the Virtual Currency mining protocol; and (ii) Any fees voluntarily included within the block by the individuals who initiated the proposed transactions (“Miners Fees”). Since miners verify Virtual Currency transactions on a voluntary basis, it is customary to include a Miners Fee in order to provide an incentive to the miners to add a proposed transaction to the next block for confirmation via the Virtual Currency network. 8. DISCONTINUANCE OF SERVICES 8.1 We may, in our sole discretion and without cost to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Services. You are solely responsible for storing, outside of the Services, a backup of any Wallet Address and Private Key pair that you maintain in your Wallet. 8.2 If you do not maintain a backup of your Wallet data outside of the Services, you will be may not be able to access Virtual Currency associated with any Wallet Address maintained in your Wallet in the event that we discontinue or deprecate the Services. 9. SUSPENSION OR TERMINATION OF SERVICES 9.1. We may suspend or terminate your access to the Services in our sole discretion, immediately and without prior notice, and delete or deactivate your Wallet and all related information and files in such without cost to you, including, for instance, in the event that you breach any term of these Terms. In the event of termination, your access to funds will depend on your access to your backup of your Wallet data including your wallet Address and Private Key. 10. ACCEPTABLE USE 10.1. When accessing or using the Services, you agree that you will not commit any unlawful act, and that you are solely responsible for your conduct while using our Services. Without limiting the generality of the foregoing, you agree that you will not: 10.1.1 Use our Services in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully enjoying our Services, or that could damage, disable, overburden or impair the functioning of our Services in any manner; 10.1.2 Use our Services to pay for, support or otherwise engage in any illegal activities, including, but not limited to illegal gambling, fraud, money laundering, or terrorist activities. 10.1.3 Use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access our Services or to extract data; 10.1.4 Use or attempt to use another user’s Wallet without authorization; 10.1.5 Attempt to circumvent any content filtering techniques we employ, or attempt to access any service or area of our Services that you are not authorized to access; 10.1.6 Introduce to the Services any virus, Trojan, worms, logic bombs or other harmful material; 10.1.7 Develop any third-party applications that interact with our Services without our prior written consent; 10.1.8 Provide false, inaccurate, or misleading information; or 10.1.9 Encourage or induce any third party to engage in any of the activities prohibited under this Section. 11. FORCE MAJEURE If by reason of any Force Majeure Event, either you or Coinprism Inc is delayed or prevented from complying with any of these Terms, then such delay or non-compliance shall not be deemed to be a breach of these Terms and no loss or damage shall be claimed by you or Coinprism Inc by reason thereof. 12. NATURE OF AGREEMENT These Terms constitute the entire agreement between you and Coinprism Inc with respect to the subject matter of these Terms and these Terms cancel and supersede any prior understandings and agreements between you and Coinprism Inc as to that subject matter. You may not assign any of your rights or obligations under these Terms without our prior written consent.
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