Legal

Terms of Use

Effective 3 October 2026

1. Agreement

These Terms of Use (“Terms”) are an agreement between you and Werkswinkel Pte Ltd, a company incorporated in Singapore (UEN 202139648Z) (“Werkswinkel”, “we”, “us”). They cover the SpiffyVault app and its updates (the “Software”) and the websites at spiffyvault.net and download.spiffyvault.net (together with the Software, the “Service”). By downloading, installing or using the Service you agree to these Terms. If you don't agree, don't use the Service.

2. Testnet beta

The current release of the Software works only with the BSV test network (“testnet”). Testnet coins have no monetary value and cannot be exchanged for real BSV or any other asset. Do not send real BSV, or any other asset of value, to an address created by a testnet release: it may be permanently lost. Beta software may contain errors, may change or stop working without notice, and may lose data. Testnet networks may be reset by their operators at any time.

3. Eligibility

You may use the Service only if you are at least 18 years old and legally able to enter into these Terms, and only if doing so is lawful where you live. You may not use the Service if you are the subject of sanctions imposed by Singapore, the United Nations or any other applicable authority, or if you are located in a country or region subject to comprehensive sanctions.

4. Self-custody and your responsibilities

The Software creates and stores your keys and recovery phrase on your device. Werkswinkel never has access to them and does not hold, control or manage any funds on your behalf. As a result:

• You are solely responsible for keeping your device, keys and recovery phrase secure and backed up.
• We cannot recover a lost recovery phrase or keys, restore access to funds, or reverse, cancel or freeze any transaction.
• Anyone who obtains your recovery phrase can take your funds.

5. Transactions

Transactions broadcast to a blockchain are final and cannot be reversed. You are responsible for checking every amount, recipient, address and payment key before you confirm a payment. Delivery depends on networks, peers and services outside our control: a payment may be delayed, may not be collected by its recipient, or may fail. Features such as Resend and Reclaim are provided on a best-effort basis and are not guaranteed to succeed.

6. Networks and third-party services

The Service relies on systems we don't own or control, including the BSV network, other users' devices, message relays, blockchain data services such as WhatsOnChain, BRC-100 message boxes and other BRC-100 compatible wallets. We are not responsible for their availability, accuracy, security or conduct, and your use of them may be subject to their own terms. Exchange rates shown in the Software are indicative only.

7. Not a financial service

Werkswinkel provides software only. We are not a bank, exchange, custodian, payment service provider or money transmitter, and we do not provide financial, investment, legal or tax advice. Nothing in the Service is an offer or recommendation to buy, sell or hold any digital asset. Digital assets are volatile and risky. You are responsible for any taxes that apply to your transactions and for complying with the laws that apply to you.

8. Licence

Subject to these Terms, we grant you a personal, non-exclusive, non-transferable, revocable licence to install and use the Software for lawful purposes. You may not, except to the extent the law or an open-source licence that applies to part of the Software expressly permits: copy, modify or distribute the Software; reverse engineer, decompile or disassemble it; or remove any notices from it. The SpiffyVault name, logo and emblem are our trade marks and may not be used without our written permission.

9. Acceptable use

You agree not to use the Service to break any law or regulation; to fund, launder or conceal the proceeds of crime; to evade sanctions; to commit fraud or deceive others; to infringe anyone's rights; or to interfere with, disrupt or attack the Service, the networks it uses or other users.

10. No warranties

The Service is provided “as is” and “as available”, with all faults. To the fullest extent permitted by law, Werkswinkel disclaims all warranties, conditions and representations of any kind, whether express, implied or statutory, including any warranties of merchantability, satisfactory quality, fitness for a particular purpose, title, non-infringement, accuracy, availability, security, and that the Service will be error-free or uninterrupted.

11. Limitation of liability

To the fullest extent permitted by law, Werkswinkel and its directors, officers, employees, shareholders, agents, affiliates and licensors (the “Werkswinkel Parties”) will not be liable to you for any loss or damage of any kind arising out of or in connection with the Service or these Terms, whether in contract, tort (including negligence), breach of statutory duty or otherwise, including: loss of digital assets or funds; loss of keys, recovery phrases or data; transactions that are mistaken, failed, delayed, uncollected or unauthorised; errors in the Software or in third-party services; loss of profits, revenue, business or goodwill; and any indirect, incidental, special, consequential or punitive loss, even if we were told such loss was possible.

If, despite the above, any Werkswinkel Party is found liable to you, the total liability of all Werkswinkel Parties combined will not exceed one hundred Singapore dollars (S$100).

Nothing in these Terms excludes or limits any liability that cannot be excluded or limited under applicable law, including liability for death or personal injury caused by negligence, or for fraud.

12. Indemnity

You agree to indemnify, defend and hold harmless the Werkswinkel Parties from and against all claims, demands, liabilities, losses, damages, costs and expenses (including reasonable legal fees) arising out of or relating to: your use or misuse of the Service; your breach of these Terms; your violation of any law or regulation; your transactions; or your infringement of the rights of any third party.

13. Changes and termination

We may change, suspend or discontinue any part of the Service at any time, with or without notice. We may update these Terms by posting a new version here with a new effective date; continuing to use the Service after that means you accept the updated Terms. You may stop using the Service at any time. If you breach these Terms, your licence ends automatically. Sections 4 to 7 and 10 to 15 survive the end of these Terms. Stopping use of the Software does not affect your funds, which you can restore in any compatible wallet with your recovery phrase.

14. Governing law and disputes

These Terms and any dispute or claim arising out of or in connection with them or the Service, including non-contractual disputes, are governed by the laws of the Republic of Singapore. Before starting proceedings, please contact us so we can try to resolve the matter informally. You and Werkswinkel agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.

15. General

If any part of these Terms is found invalid or unenforceable, the rest remains in effect. Our failure to enforce any right is not a waiver of it. You may not transfer your rights under these Terms; we may transfer ours, for example in a reorganisation or sale. These Terms, together with our Privacy Policy, are the entire agreement between you and us about the Service. Except for the Werkswinkel Parties in sections 11 and 12, a person who is not a party to these Terms has no right under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any of them.

16. Contact

Werkswinkel Pte Ltd, 160 Robinson Road, #14-04 Singapore Business Federation Centre, Singapore 068914. Email hello@spiffyvault.net.