Terms of Use

Last updated: 7 August 2025 Product: Katz Wallet — a non-custodial cryptocurrency wallet on the XRP Ledger
1. 📘 Definitions The following terms are used in this Agreement:
  • Application — the mobile app “Katz Wallet” developed to manage cryptocurrency assets on the XRP Ledger.
  • XRPL (XRP Ledger) — a decentralized public blockchain for tokens, transactions, and decentralized exchange.
  • Non-custodial wallet — a wallet where only the user controls the private keys. The developer has no access to funds.
  • User — an individual who uses the Application.
  • Seed phrase — a mnemonic phrase that allows recovery of wallet access.
  • Private key — a cryptographic key used to sign transactions.
  • xApp — a mini-application embedded into Katz Wallet (e.g. DEX, analytics, MoonPay, NFT tools), created by Katz or third-party developers.
  • DEX — the decentralized exchange built into XRPL, accessible via blockchain.
  • IOU — tokens issued by third parties on XRPL that represent off-chain assets.
  • Sign Request — a message requesting a user’s transaction signature.
  • Device — the mobile device on which the Application is installed.
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    2. ✅ Acceptance of Terms By using the Application, you agree to be bound by these Terms in full. If you do not agree, you must stop using the Application immediately.
    3. 🧩 Product Description
  • The Application does not store, transmit, or process your private keys or seed phrases.
  • All sensitive data is stored locally on your device, encrypted using hardware-based security modules (Secure Enclave / StrongBox) where available.
  • The Application provides an interface for interacting with XRPL but does not act as a custodian.
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    4. 🔐 No Custodial Responsibility We:
  • do not store user funds;
  • cannot recover lost access to wallets;
  • do not control or reverse transactions;
  • do not issue or manage IOUs;
  • are not custodians or intermediaries.
    • You are fully and solely responsible for the safety of your keys, seed phrase, and device.
    5. 🧑‍💻 User Responsibilities By using the Application, you agree to:
  • securely store your private keys and seed phrase;
  • never share your credentials with third parties;
  • use only trusted devices and secure networks;
  • avoid using rooted or jailbroken devices;
  • keep your OS and Application up to date;
  • verify transaction details before signing.
    • We are not responsible for:
  • usage of modified or insecure devices;
  • phishing attacks, malicious contracts, fake tokens;
  • loss of funds, access, or data;
  • incorrect addresses or user mistakes;
  • any third-party behavior, including harmful xApps.
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    6. 🧩 Embedded xApps
  • The Application may include xApps developed either by Katz or independent third parties.
  • We do not verify, audit, or guarantee the functionality, legality, or safety of third-party xApps.
  • We are not liable for losses, errors, or actions resulting from the use of xApps.
  • Users are responsible for reviewing the terms and privacy policies of each xApp they use.
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    7. ⚠️ Disclaimer of Warranties The Application is provided “as is” with no warranties of any kind. We:
  • do not guarantee uninterrupted or error-free operation;
  • do not guarantee compatibility with certain tokens, IOUs, or services;
  • do not provide investment, legal, tax, or financial advice;
  • do not guarantee immunity from bugs, vulnerabilities, or malware.
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    8. 🚫 Limitation of Liability Use of the Application is at your own risk. We shall not be liable for:
  • direct or indirect losses, including lost funds, access, data, or reputation;
  • any incidental, punitive, or consequential damages;
  • damages arising from third-party actions or infrastructure failure.
    • Maximum liability is limited to $0.
    9. 🔒 Privacy We do not collect personal data such as email, IP address, geolocation, analytics, wallet addresses, balances, or social data. See our Privacy Policy for more.
    10. ⚖️ Governing Law These Terms are governed by applicable law. Any disputes will be resolved under international private law, subject to a jurisdiction determined at the discretion of the Application owner.
    11. 🔄 Changes to the Terms We may update these Terms at any time. Continued use of the Application after an update constitutes acceptance of the revised version.