Terms of Use
Last updated: March 24, 2026
1. What is Klipbit
Klipbit software is a set of tools that allows you to:
- Generate and manage self-custodial wallets for digital assets;
- Interact with public smart contracts on the Solana blockchain (including a temporary custody/escrow contract);
- Swap digital assets through decentralized liquidity providers;
- Send, receive, and request payments in digital assets;
- View balances and transaction history recorded on public blockchain networks.
Klipbit does not custody your assets, does not have access to your keys, and cannot perform operations on your behalf. There is no customer support, legal department, or guarantee of continuity. The software is provided as is.
2. Legal nature
Klipbit is not a financial institution, broker, exchange, payment processor, or financial services provider. The software is published by an independent developer and is not licensed or regulated as a financial entity in any jurisdiction.
The escrow smart contract is open source and can be audited by anyone. The developer does not assume responsibility for the operation of the software or the results of its use.
These Terms describe the conditions under which the software is made available. They do not create a contractual relationship of service provision, mandate, representation, partnership, or employment between you and any person associated with the project.
3. Acceptance
By accessing or using the software in any way, you declare that you have read, understood, and fully accept these Terms. If you do not agree, do not use the software.
These Terms may be updated at any time. The current version will always be available on this page. Continued use after a change indicates acceptance of the updated terms.
4. Use at your own risk
By using the software, you acknowledge that:
- Digital assets are volatile — you may lose some or all of their value;
- Blockchain transactions are irreversible — there are no chargebacks, refunds, or cancellations;
- Smart contracts may contain bugs, vulnerabilities, or unexpected behaviors;
- Blockchain networks may experience congestion, outages, or attacks;
- Anyone can create fake tokens, including copies of legitimate tokens;
- Laws and regulations may change, limiting or prohibiting the use of the software in your jurisdiction;
- The software may cease to be maintained, updated, or made available at any time, without notice.
5. Self-custody and private keys
The software generates cryptographic keys locally on your device. These keys are never transmitted, stored on servers, or accessible by third parties. Anyone who knows your Recovery Phrase can access, transfer, or spend your assets — protect it as you would protect physical money.
6. Smart contract (Escrow)
The software includes interaction with a temporary custody (escrow) smart contract deployed on the Solana blockchain. This contract is public, auditable, and operates autonomously according to its programming.
The contract executes three operations: locking funds, releasing, and refunding. No person or entity controls the held funds — they are governed exclusively by the contract logic on the blockchain.
You understand that smart contracts are executable code and may contain errors. The fact that the code is public and auditable does not guarantee the absence of vulnerabilities. Only use the contract with amounts you are willing to lose entirely.
7. Third-party providers
The app may offer the option to purchase digital assets through third-party providers (e.g., Transak). If you choose to use these services, all KYC verification, data collection, and compliance obligations are handled directly by the provider under their own terms and privacy policy.
Klipbit is not a party, intermediary, or counterparty to any transaction conducted through third-party providers. Use of such services is at your own discretion and risk.
8. Asset swaps and Bitcoin Vault
The software allows swapping digital assets through independent decentralized protocols. These swaps occur entirely within the respective protocols — Klipbit only provides the interface.
The Bitcoin Vault allows you to hold native Bitcoin (BTC) in self-custody. Klipbit does not control, guarantee, or take responsibility for the operation of any external protocol.
Quotes and fee estimates displayed by the software are approximate and may vary between the time of query and execution.
9. Fees
The software charges protocol fees on certain operations (swaps, vault conversions). Fees are displayed before confirmation and deducted automatically in the blockchain transaction.
In addition to Klipbit protocol fees, blockchain transactions require payment of network fees (“gas”), charged by the respective network protocol and outside the software's control.
Fees may be changed at any time, without prior notice, through software or smart contract updates.
10. User conduct
By using the software, you agree not to:
- Use the software for illegal activities in your jurisdiction, including money laundering, terrorism financing, or tax evasion;
- Transmit digital assets that are proceeds of criminal or fraudulent activity;
- Attempt to exploit vulnerabilities in the smart contracts or interface for undue advantage;
- Use bots, scrapers, or automated methods to overload the interface;
- Impersonate another person or provide false information to other users.
You are solely responsible for verifying whether the use of digital assets is permitted in your jurisdiction and for complying with all applicable legal and tax obligations.
11. No advice
No information displayed by the software constitutes financial, legal, tax, or investment advice. Quotes, fees, and market data are purely informational. Consult qualified professionals before making financial decisions.
12. Complete disclaimer of warranties
The software is provided “as is” and “as available”, without any warranty of any kind, express or implied, including warranties of continuous operation, error correction, fitness for any particular purpose, security, or non-infringement of third-party rights. No contributor, developer, or person associated with the Klipbit project offers any warranty about the software, smart contracts, or the results of their use.
13. Complete disclaimer of liability
To the maximum extent permitted by applicable law, no contributor, developer, maintainer, or person associated with the Klipbit project shall be liable for any direct, indirect, incidental, special, consequential, or punitive damages — including loss of digital assets, loss of profits, loss of data, or any other harm — arising from the use or inability to use the software, from failures in smart contracts, from operations conducted through the software, or from any interaction with blockchain networks or third-party protocols.
14. Licensing
The escrow smart contract is open source and can be inspected and audited by anyone. The mobile application and other components are proprietary software.
The “Klipbit” brand, logos, and visual identity are reserved and may not be used by third parties without authorization. Code may be licensed under specific terms indicated in the repository.
15. Availability
The software, web interface, and smart contracts may be discontinued, modified, or made unavailable at any time, for any reason, without prior notice. There is no commitment to maintenance, support, or continuity.
If the web interface stops working, your assets remain on the blockchain and can be accessed through any software compatible with your Recovery Phrase. Your assets do not depend on Klipbit's existence.
16. Jurisdiction and applicable law
As the Klipbit project is not tied to any specific legal entity or jurisdiction, there is no elected forum for dispute resolution. Any controversy will be governed by the applicable laws in the user's jurisdiction.
You are solely responsible for determining whether the use of the software is permitted in your jurisdiction and for complying with all local laws and regulations.
17. Contact
To report bugs, security vulnerabilities, or questions about the software: hello@klipbit.com
This channel is maintained by voluntary contributors. Responses are not guaranteed.