Privacy policy

Legal

Last updated: 2024.05.15

1. Overview

1.1

This privacy policy (the “Policy”) describes how FinVerse Labs FZ-LLC (“Open Wallet”, “We”, “Us”, “Our”) collects, shares, uses, and stores personal information of users of this website, https://openwallet.finance/ (“Website”, “Site”) and users (“You”,”Your”,“Users”) of the app( “Software”).

2.  

What personal information do we collect

2.1

We currently do not directly collect any personally identifiable information from You except Your email address as specified in Clause 3 of this Policy.

2.2

Open Wallet does not collect, track, or process any user data. We do not log any information about Your usage of the Software, Your transactions, balances, or any other activity.

2.3

To use Open Wallet's, You are not required to provide any personal information except Your email address as specified in Clause 3 of this Policy.

3.

Email collection through sign in devices

3.1

When You choose to use Apple Sign In to access the Software, We receive and store the email associated with Your Apple or Google Account. This email address is used solely for the purpose of authenticating Your Sign-In.

3.2

If you Use Apple Sign In and choose to hide Your email address using Apple's "Hide My Email" feature, Apple will provide Us with an anonymized email alias instead of Your actual email address. In this case, We will store and use this email alias in the same way as described above. Please note that even if You use an email alias through Apple Sign In, it is still Your responsibility to protect Your privacy by not sharing this alias publicly.

3.3

We do not use Your email address or alias for any marketing purposes or share it with any third parties.

3.4

By using Apple Sign In or Google Sign In within the Software, You acknowledge and consent to the collection and use of Your email address or alias as described in this Policy.

4. Do we share your data?

4.1

No, We do not share any personal identification data with third-party services

5. Do we process transaction data?

5.1

We do not engage in the processing of transactions or transaction data.

6. Do we store your data?

6.1

No, we do not store any personal identification data except Your email address as specified in Clause 3 of this Policy.

7. Wallet security

7.1

While using the Software, you have sole control and responsibility over the security of your funds. We do not have access to Your private keys or funds at any time.

8. Public nature of blockchain

8.1

Please be aware that transactions made using the Software are recorded on the public blockchain associated with the cryptocurrency being used (e.g., Bitcoin, Ethereum). This means that Your public wallet address, transaction amounts, and timestamps are publicly visible and permanently stored on the decentralized blockchain network.

8.2

Open Wallet has no control over the data stored on the blockchain and cannot erase or alter this data due to the immutable nature of blockchain technology. While Your public wallet address alone does not reveal Your identity, it is important to understand that if Your wallet address becomes associated with your identity through other means, all of Your transactions will be publicly linked to You..

8.3

It is Your responsibility to follow best practices to maintain Your desired level of privacy. Open Wallet is not responsible for any loss of privacy or other issues that may arise from the public and permanent nature of blockchain transactions. By using Our Software, You acknowledge and accept these inherent characteristics of blockchain technology.

9. Changes to this policy

9.1

In the event that we decide to change our privacy practices in the future, we will update this Privacy Policy and provide notice on Our website.