1. Purpose & Limitations
Electronbtc hardware wallets are designed exclusively for the secure offline storage of cryptocurrency and NFT private keys. Our devices provide key storage functionality only and do not include any trading, buying, selling, exchange, or financial services.
1.1 Intended Use
Our hardware wallets are intended for:
- Secure generation and offline storage of private keys
- Transaction signing for supported blockchain networks
- Backup and recovery of cryptocurrency wallets
- Protection of digital assets through air-gapped security
1.2 Service Limitations
Electronbtc hardware wallets do NOT provide:
- Cryptocurrency trading or exchange services
- Buying or selling of digital assets
- Market analysis or investment advice
- Custodial services or asset management
- Integration with trading platforms or exchanges
2. Security Features & Implementation
Our hardware wallets incorporate multiple layers of security designed to protect private keys from both digital and physical threats.
2.1 Isolated Secure Element
Each device features a dedicated secure-element chip that:
- Operates with no permanent internet connection
- Generates private keys using true random number generation
- Stores cryptographic keys in tamper-resistant hardware
- Performs all cryptographic operations within the secure element
- Implements hardware-based protection against side-channel attacks
2.2 Multi-Layer Authentication
Security is enforced through multiple authentication layers:
- PIN Protection: Device access requires a user-defined PIN
- Optional Passphrase: Additional BIP39 passphrase for enhanced security
- Seed Phrase Backup: 12-24 word recovery phrase for wallet restoration
- Physical Confirmation: Manual verification required for transactions
2.3 Open-Source Firmware
Our commitment to transparency includes:
- Open-source firmware available for public review
- Independent security audits by recognized firms
- Regular security updates and patches
- Community-driven security research and improvements
3. Legal Requirements & Compliance
While the hardware wallet device itself is not subject to KYC/AML requirements, users must understand and comply with applicable legal obligations.
3.1 Device Regulatory Status
The Electronbtc hardware wallet:
- Is classified as a cryptographic hardware device
- Does not require KYC/AML compliance for the device itself
- May be subject to import/export regulations in certain jurisdictions
- Complies with applicable hardware security standards
3.2 User Legal Responsibilities
Users are solely responsible for:
- Compliance with local laws regarding cryptocurrency ownership
- Understanding import/export regulations for cryptographic devices
- Tax reporting obligations related to cryptocurrency transactions
- Adherence to anti-money laundering regulations in their jurisdiction
- Compliance with sanctions and restricted party lists
3.3 Import/Export Considerations
Cryptographic hardware devices may be subject to:
- Export control regulations in the country of manufacture
- Import restrictions in the destination country
- Licensing requirements for commercial use
- Declaration requirements at customs
4. Risks & Liability Limitations
Users must understand the inherent risks associated with cryptocurrency storage and the limitations of manufacturer liability.
4.1 Seed Phrase Responsibility
Critical understanding regarding seed phrase management:
- Permanent Loss Risk: Loss of seed phrase results in permanent loss of access to stored assets
- No Recovery Service: Electronbtc cannot recover lost seed phrases or restore access to funds
- User Responsibility: Secure backup and storage of seed phrases is entirely the user's responsibility
- Multiple Backups: Users should maintain multiple secure backups in different locations
4.2 Market Value Disclaimer
Electronbtc is not responsible for:
- Fluctuations in cryptocurrency market values
- Loss of asset value due to market conditions
- Changes in blockchain network protocols
- Regulatory changes affecting asset legality
- Network forks or blockchain reorganizations
4.3 Technical Limitations
Users acknowledge that:
- Hardware devices may experience technical failures
- Firmware updates may change device functionality
- Not all cryptocurrencies or tokens may be supported
- Network connectivity issues may affect transaction broadcasting
5. Setup & Support Requirements
Proper device setup and ongoing maintenance are essential for security and functionality.
5.1 Device Authentication
Users must verify device authenticity by:
- Checking device packaging for tampering
- Verifying device serial numbers and security seals
- Confirming firmware signatures during initial setup
- Purchasing only from authorized distributors
5.2 Secure Setup Process
Initial device configuration requires:
- Generating seed phrases offline in a secure environment
- Creating secure physical backups of recovery information
- Setting strong PIN codes and optional passphrases
- Testing recovery process before storing significant assets
5.3 Ongoing Maintenance
Users are responsible for:
- Installing firmware updates promptly when available
- Monitoring supported blockchain networks and protocols
- Maintaining secure storage of backup materials
- Regularly testing device functionality
5.4 Support Channels
Technical support is available through:
- 24/7 phone support at +1 469 202 0202
- Email support at info@electronbtc.com
- Online documentation and user guides
- Community forums and knowledge base
6. Advertising & Marketing Compliance
Our marketing and advertising practices comply with regulatory requirements for cryptocurrency-related products.
6.1 Google Ads Compliance
Our advertising strictly adheres to platform policies by:
- Promoting only key-storage functionality
- Avoiding any mention of trading or exchange services
- Clearly disclosing legal limitations and user responsibilities
- Providing accurate product descriptions without guarantees
6.2 Marketing Disclaimers
All marketing materials include appropriate disclaimers regarding:
- Product limitations and intended use
- User responsibility for legal compliance
- Risks associated with cryptocurrency storage
- No guarantee of asset protection or value preservation
7. Prohibited Uses
Users are prohibited from using Electronbtc hardware wallets for:
- Any illegal activities or transactions
- Money laundering or terrorist financing
- Circumventing sanctions or export controls
- Unauthorized access to third-party systems
- Commercial resale without proper authorization
8. Updates to This Policy
This Usage Policy may be updated periodically to reflect:
- Changes in regulatory requirements
- Updates to product functionality
- Improvements in security practices
- User feedback and industry best practices
Users will be notified of material changes through email and website announcements.
9. Contact Information
For questions about this Usage Policy or our products, please contact us:
