1. Parties
This agreement is between you (“You” or “Your” in this agreement) and SMS Software, Inc. (“SMS Inc”).

2. Service Offered
SMS Inc has created software that enables users to access and transfer Bitcoin Cash “BCH” under the name “CoinText” (“CoinText Software”). This license agreement permits You to use CoinText subject to certain conditions, rights and obligations.

You should only use CoinText if you are familiar with cryptocurrency. SMS Inc highly recommends learning the basics before running the CoinText Software.

3. Fees
The CoinText Software is licensed to you without charge. CoinText automatically collects a fee of 10 Satoshi (.0000001 BCH) per byte when You communicate SEND messages through CoinText’s API. A fee is collected only on the messages that result in BCH moving from the sender’s BCH address to another BCH address. The fee equates to around $.05 USD (five cents) per SEND message. Additional SMS and Bitcoin Cash network fees may also apply. The CoinText fee is subject to change.

4. Your Private Keys
SMS Inc does not store any private keys, keypairs, phone numbers, backup phrases or passwords (collectively, “Private Key Information”). Key pairs (public/private) are generated on the fly during the execution of a command, only exist in working random access memory (RAM) for a fraction of a second, and are removed from memory upon completion of command execution.

You may backup Your Private Key Information. If You lose your phone or Your Private Key Information then it will not be possible for SMS Inc to recover it for You and You may permanently lose access to Your BCH.

If You do not understand the above paragraph then SMS Inc recommends that You learn more about cryptocurrency before using the CoinText Software. It’s like cash. When you lose your phone, like when you lose your physical wallet, you may lose the cash in it.

5. User Obligations
You shall:
a) be of age of majority in Your local jurisdiction; and,
b) be responsible for Your own BCH and,
c) be responsible for keeping Your Private Key private; and,
e) carefully review CoinText Software commands; and,
f) ensure that Your device(s) are fully updated and do not contain viruses, malware or otherwise malicious software; and,
g) ensure that Your use of the CoinText Software complies with local laws.

You shall not:
a) deposit cryptocurrencies other than BCH into addresses for CoinText Software; or,
b) use the CoinText Software in a manner likely to interfere with other CoinText Software users or servers (e.g. excessive API calls or network spam); or,
c) use the CoinText Software in a manner contrary to Your local laws.

6. No Control Over the BCH Blockchain
SMS Inc is not the creator of, nor does it have any control over, the Bitcoin Cash network that the CoinText Software enables You to use. You shall be solely responsible for Your choice of and use of BCH.

7.Third Party Integrations
The CoinText Software integrates with third party services. Although the CoinText Software makes it easy to engage with integrated third parties, SMS Inc shall not be responsible for any consequences resulting from Your use of third party integrated services. If You require assistance with a third-party integration then You should contact that third party.

8. Transactions
The only authentic record of Bitcoin Cash transactions is the applicable blockchain. The CoinText Software provides functionality that allows You to send BCH transfer instructions. The successful transactions You perform using the CoinText Software shall be stored on the Bitcoin Cash blockchain. You must ensure that Your transactions conform to the applicable rules of the software for Bitcoin Cash.

There may be mining, or network, fees associated with Bitcoin Cash transactions that are required by the system You voluntarily engage with. SMS Inc shall not be responsible for any losses You incur due to mining fees required by the BCH network.

9. Limited Intellectual Property License
SMS Inc licenses the CoinText Software to You on a personal, non-exclusive, royalty-free, non-transferable, worldwide-basis, for the purpose of holding and transferring Bitcoin Cash.

You are not permitted to re-distribute the CoinText Software, modify any code or use any CoinText Software content, including images and text, as part of any other software or project of any kind. You must obtain SMS Inc’s written permission before acting contrary to copyright law or the terms of this clause.

10. Third Party Libraries
The CoinText Software contains libraries developed by third parties. SMS Inc may provide third party libraries to You as part of the CoinText Software solution but shall not be considered to be the owner or licensor of the third party libraries. Please refer to and respect the relevant third-party licenses.

11. Submitted Feedback & Ideas
If You choose to provide feedback on the features or functions of the CoinText Software (“Submitted Feedback”) then You shall be deemed to have given permission to SMS Inc to incorporate Your Submitted Feedback into the CoinText Software. SMS Inc shall be free to make use of Your Submitted Feedback without royalty or obligation of any kind.

12. Specifically Disclaimed Risks
Using cryptocurrency-related software necessarily entails many risks. SMS Inc specifically disclaims and shall have no liability to You for the following risks:
a) mobile phone system failures; and,
b) interactions between Your hardware, software and the CoinText Software; and,
c) cloud backup software (e.g. certain Android or Apple distributions) may upload Your private files/information to third party services; and,
d) malware, viruses or other malicious software on Your device that is able to take control of or interfere with the CoinText Software; and,
e) communication delays between Your CoinText Software and a node or relay service for Bitcoin Cash (and vice versa); and,
f) failure to achieve a certain market value/price for Bitcoin Cash, whether through a third-party service or any other kind of transaction (i.e. due to delays); and,
g) theft of Your device or Your Bitcoin Cash.
– SMS Inc can not restore access to Your funds should You lose access for any reason
– If You lose Your phone can lose all Your BCH
– If You allow someone else to use Your phone can lose all Your BCH
– If You lose Your phone number You can lose all Your funds
– If You allow someone to access Your private key You can lose all Your funds

13. No Warranty
The CoinText Software is provided to You at no cost, “as-is” and without any warranty whatsoever, to the maximum extent permissible by law. Without limiting the generality of the foregoing, SMS Inc does not warrant that the CoinText Software is fit for Your purpose, even if You have previously provided notice of Your intended purpose, and does not warrant that the CoinText Software will operate in a bug-free manner.

14. Limitation of Liability
SMS Inc’s liability to You shall not, under any circumstances, exceed the greater of:
a) the United States dollar value of 0.01 BCH; or,
b) $50 USD.

Notwithstanding any term of this agreement, SMS Inc shall not be liable for any losses or damages that result from providing free technical support to You.

15. Indemnity
You agree to indemnify SMS Inc against any claims, damages, losses or legal fees incurred due to Your use (or misuse) of the CoinText Software.

16. Non-Waiver
No action or inaction of SMS Inc shall be considered a waiver of any right or obligation by SMS Inc.

17. Amendment
This agreement may be amended by SMS Inc by providing You with 30 days notice of any proposed change. If You do not agree to the amended terms then Your sole remedy shall be to cease using the CoinText Software.

18. Assignment
You may not assign this agreement. SMS Inc may assign this agreement upon 15 days notice.

19. Governing Law and Choice of Forum
This agreement shall be governed by the laws of New Hampshire, United States. Any disputes related to this agreement or the CoinText Software shall be heard in the courts of New Hampshire, United States.

20. Entire Agreement
This is the entire agreement between the parties and supersedes any other agreement, representations (or misrepresentations), or understanding, however communicated.


Privacy Policy

1. Principles:

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]

SMS Software Inc reserves the right to change or amend any part of its Privacy Policy at any time in the future.