Wallet Address, Private Key, and Backup Capabilities Sample Clauses

Wallet Address, Private Key, and Backup Capabilities. An encrypted backup of certain information associated with your wallet can be stored on eligible devices. The private key is associated with the wallet address and, together, they can be used to authorize the transfer of Digital Assets to and from that wallet address. CoinDCX DEFI Wallet uses the concept of Multi-Party Computation (“MPC”) technology to secure the customers’ private keys. With this technology, the private key will not be shared with the user directly. The private key is broken down and secured in such a manner that no single entity ever has access to the entire private key. However, you are responsible for the retention and security of your private key and any other information (“Secret Phrase”) associated with your wallet. You must keep your wallet address & password, Secret Phrase secure. You acknowledge and agree that we do not receive or store your wallet password, encrypted private key, unencrypted private key, or Secret Phrase associated with your wallet. It must be noted that we cannot generate a new password for your wallet if you fail to remember your original password. Any support will need involvement of relevant third party and will take time. If you have not safely stored a backup of any wallet address and other security access details, you accept and acknowledge that any Digital Assets you have associated with such wallet address will become inaccessible. Accordingly, we shall have no responsibility or liability whatsoever in the event you are unable to access your wallet for any reason including without limitation your failure to keep your wallet address, Secret Phrase and other relevant information secure.
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Wallet Address, Private Key, and Backup Capabilities. The private key is connected to the Wallet address and, together, they can be used to authorize the transfer of Cryptocurrencies to and from that Wallet address. You are solely responsible for maintaining the security of your private key and any mnemonic (backup) phrase associated with your Wallet. You must keep your Wallet address, mnemonic (backup) phrase, and private key access information secure. Failure to do so may result in the loss of control of Cryptocurrencies associated with the Wallet.
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Related to Wallet Address, Private Key, and Backup Capabilities

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