a) We don’t write any data to file.
b) We don’t require you to register or log in.
c) We don’t have access to your funds.
d) We don’t require your name or email address.
2. Registration/Login Not Required
CoinText doesn’t require you to register because your sovereignty, or permissionless access, to use Bitcoin Cash is a primary value of cryptocurrency over the legacy banking system.
3. Access to Private Keys
CoinText doesn’t store your keypair together. It uses a proprietary algorithm to generate your keypair on the fly when you use the SEND command to securely sign the requested function and then split the keys again. This entire process takes only a fraction of a second and, the moment the action has completed, all trace of the private key is wiped from memory. At no time are private keys, addresses, or any record of a transaction written to disk.
If you prefer more sovereignty, CoinText enables you to retrieve the private keys to your SMS wallet by using the PRIVATEKEY command. However, it’s much safer not to broadcast your private key over SMS. But, for security, CoinText will have two separate 2FA checks before releasing private keys to you.
4. No Data is Ever Recorded to File
CoinText provides SMS communication between you and your wallet. The system does not write data to disk and stores no information about phone numbers, keypairs, or transactions pushed through the system. There’s no central database. All transactions are settled immediately on the Bitcoin Cash blockchain.
5. Physical Location
Other than what nation you’re phone service resides, Your physical location will never be communicated to us, unless you provide prior specific consent.
6. Blockchain Transactions
Your blockchain transactions may be relayed through servers (“nodes”) and will be publicly visible due to the public nature of distributed ledger systems.
7. Secure Communication with Our Servers
All of our servers have multiple layers of security to prevent hacking.
8. Communication with Third-Party Servers
Exchange rates, balances, transactions and other blockchain information may be read from, or relayed to, third-party servers. We cannot guarantee the privacy of your Internet or Short Message Service (SMS) connections.
9. Third-Party Services
CoinText has software integrations with third-party services. When you use third-party services through CoinText there may be other terms or privacy policies that apply.
10. Aggregate Usage Statistics
CoinText will only collect usage information from publicly available data on the the Bitcoin Cash blockchain. In order to improve function or UI, we will only use this information in an aggregated, anonymized fashion, and never in association with your phone number, specific BCH address, or other personally identifying information (Personally Identifying Information).
11. Optional Extra PII
You may choose to provide us with personally identifying information in order to participate in certain programs, activate features, or obtain other benefits, but you will always be able to use the basic features of CoinText without providing personally identifying information. If you provide us with personally identifying information then, notwithstanding any part of this policy, we may use that information in order to provide you with services or to improve the functioning or UI of CoinText.
12. All User Information is Confidential
Your personally identifying information will be kept strictly confidential and never provided to third parties (other than in an aggregated, anonymized report such as number of users per month).
All SMS Inc staff are bound by confidentiality agreements.
13. Support Requests
If you contact support then as part of the support request we may incidentally collect your personally identifying information but we will endeavor to keep that information secure and confidential. Support information may be managed using a third-party service and further terms of that service may apply to your support request.
14. Privacy Questions
Questions should be directed to: [email protected]