Microwallet collects Personal Data (as defined below) in compliance with the applicable law and regulations.
The term ‘We’, ‘Us’, ‘Our’ refers to Microwallet (D-U-N-S® Number is: 117910027), registered at 109 E17th Street Cheyenne, WY 82001. If We, or a fraud prevention agency, determine that You pose a fraud, money laundering or other criminal risks, We may refuse to provide the Services You have requested, or We may stop providing existing Services to You.
Microwallet is a multi-asset cryptocurrency wallet, the basic functionality of which includes storing, sending and receiving digital assets, exchanging digital assets to other digital assets. We do not offer the exchanging of fiat currency to digital assets at this time. Microwallet is a private limited company registered in USA at 109 E17th Street Cheyenne, WY 82001. and holding the MSB registration number: 31000182860968 under legal name: 1Mind LLC for providing services of providing a virtual currency wallet service. Any information stored on the Website and/or Software is treated as confidential. All information is stored securely and is accessed by authorized personnel only. Microwallet implements and maintains appropriate technical, security and organizational measures to protect Personal Data from unauthorized or unlawful processing and use, and from accidental loss, destruction, damage, theft or disclosure.
Microwallet does not require You to register or log in when You use Our Wallet Software as User as described in our Terms.
Microwallet operates a software program in the form of a hosted cryptocurrency wallet that enables users to access, send, receive, make money on referral and loyalty program for the store and transfer virtual currencies, tokens, and cryptocurrencies (collectively, “Cryptocurrency”). A hosted crypto wallet is a digital wallet in which your private keys are stored. In exchange, the wallet takes care of the backup and security of your funds. This license agreement permits You to use Microwallet subject to certain conditions, rights and obligations.
Microwallet does store Your private keys, seed phrases, pass phrases, PINs or other authentication methods and does have access to Your funds in the case you lose your information and are unable to retrieve your information.
We do not use Your camera images. Neither do We copy them to Our servers. Camera images are only used for reading QR codes.
Secure Communication with Our Servers All of Our servers support HTTPS. Please ensure that HTTPS is present in the URL bar when accessing Our Website.
Third-party servers Exchange rates, balances, transactions and other blockchain information may be taken from or relayed to third-party servers. We do not bear responsibility for the security of Your Internet connection.
2. The Information We Collect and Its Purposes
The following sections cover the specifics of each of the two groups from which data is collected: those who use the Website and those who use the Software.
Microwallet collects Personal Data using different ways:
1. Via the Website We may collect data which include:
2.Via the Software We may collect data which include:
We use this information for Our inner analytics only so that We can adjust Microwallet Services better to Your needs. These details have an aggregated, anonymized form, and are not associated with Your name, email or other personally identifying information.
The source of the usage data is Google analytics tracking system. This usage data may be processed for the purposes of analysing the use of the Website and/or Software and Services and improving users’ experience, performance and future development of Our Services. The legal basis for this processing is Our legitimate interest for monitoring and improving Our Website, Software and Services.
When You create an Account You will be asked to provide:
Under obligation by United States law, we may also ask You to provide some or all of the following documents to verify Your identity, address and jurisdiction, amount and source of funds:
Depending on the Services You wish to use, We may additionally collect the following types of information:
Our Website is not intended for storing of 'special categories' of personal data, such as details about Your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, health information.
Links to other websites
The Website and/or Software may contain links to websites maintained by third parties, whose information and privacy practices are different than ours. We are not responsible or liable for the information or privacy practices employed by such third parties. We encourage You to read the privacy statements of all third party websites before using such websites or submitting any personal data or any other information on or through such websites.
We may collect personal identification information from You automatically:
We use Google Analytics to help us analyze Client habits while visiting Our Website and/or Software. The data gathered from cookies may be transmitted to Google servers in the European Union. The information will be used by Google only for the purpose of evaluating Website use, creating Website activity reports, and other services relating to Website activity and internet usage on behalf of the Microwallet.
We use the following cookies:
You can remove cookies from Your computer through the settings on Your browser, but be aware that this may impact Your ability to make use of some features on this and other websites. Management of cookie settings varies from one browser to another.
During the process of creating the Account with Microwallet, Clients provide information such as email address, name, username, telephone number (optional), and other relevant data.
We, upon receiving Your consent, may provide You with promotional messages and other information about products, events and Services of ours, Our affiliates, notices and other information related to the Service and Your interests.
You may unsubscribe from messages anytime by notification or through any provided checkbox “Unsubscribe from the promotional materials” and, as a result, You will no longer receive such aforementioned materials to Your email. Please note that even if You unsubscribe from Our promotional messages, We may continue to send You service-related updates and notifications, or reply to Your queries and feedback You provide us with.
4. How We Use Your Personal Data
We will only use Your Personal Data when the law allows us to. Most commonly, We will use Your Personal Data in the following circumstances:
It is Our interest to conduct and manage Our business affairs appropriately and responsibly, to protect the reputation of Our business, and to provide You with the best possible Services of the Website and/or Software with a secure experience. We do not use Your Personal Data for activities where Our interests are overridden by the impact on You (unless We have Your consent or are otherwise required or permitted to by law).
We may also use any or all of the information above to administer and manage Our business in general. If You feel that Your interests and fundamental rights outweigh Our business purposes, and that We should therefore stop processing Your data, please let us know.
In certain circumstances, We may need to retain or use Your data to comply with regulations and/or the law, especially AML laws and regulatory investigations. We will only retain these data for as long as is necessary to fulfill the purposes for which it was collected or to comply with legal, regulatory or internal policy requirements.
5. Transfer and share information
We may share information with government authorities and/or law enforcement officials if required for the purposes above, if mandated by law or if required for the legal protection of its own legitimate interests in compliance with applicable laws. We will only use and share Your information where it is necessary for us to lawfully carry out Our business activities e.g. with companies to be able to conduct transactions with clients. The legal basis for this data processing is Our legitimate interest and Our legal obligation.
We will reveal Client’s Personal Data without their prior permission only when We have reason to believe that the disclosure of this information is required to contact or to initiate legal proceedings against a person or persons who are suspected of infringing rights or property belonging to Microwallet or to others who could be harmed by the Client’s activities. We are permitted to disclose Personal Data when We have good reason to believe that this is legally required and when the competent authorities have requested to present them with such Personal Data.
We require all affiliated entities and third-party service providers to respect the security of Your Personal Data and to treat it in accordance with the law. We do not allow them to use Your Personal Data for their own purposes and only permit them to process Your Personal Data for specified purposes and in accordance with Our documented instructions.
6. International Data Transfers
We store Your information within the United States. However, some features and requirements of the Services may involve transferring Your information to third-party service providers outside the United States Economic Area when it may be necessary to process Your transactions, subscriptions, purchases and/or trading activity:
We will only transfer Your Personal Data to countries that have been deemed to provide an adequate level of protection for Personal Data by the United States of America. In the absence of an adequacy decision, We will use specific contracts approved by the United States which give Personal Data the same protection it has in other countries.
7. How We Store and Secure Collected Information
For Microwallet Users and Clients, all Personal Data is processed in the USA. It has to be noted that Microwallet is a cryptocurrency wallet service and provides you with the possibility to interact with the public blockchain networks of virtual currencies. Public blockchain networks (Ethereum, Bitcoin, etc.) which are decentralized database software platforms for virtual assets. Blockchains are a list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. Data are dispersed among nodes all around the world in encrypted version. If You trade virtual currencies You agree that Your Personal Data may be collected, stored, processed and that You will not be able to delete it or invoke the right to be forgotten. Your data are encrypted, meaning they are coded (anonymized). With trading virtual assets via Microwallet You expressly agree to give Your Personal Data on the public blockchain that these data (even though encrypted) cannot be deleted and that Personal Data may be transferred outside United States territory.
Microwallet takes the security of the data that it collects very seriously. Microwallet has implemented a number of technical, organizational and administrative measures to ensure the confidentiality, integrity, availability and privacy of Your Personal Data and to protect Your Personal Data from loss, theft, unauthorized access, misuse, alteration or destruction which are generally accepted by the industry to protect the Personal Data in its possession. You should never disclose Your private keys, seed phrases, pass phrases, PINs and other means of authentication to unauthorized parties. We use certain security measures to help keep Your personal information safe, but We cannot guarantee that these measures will stop any users try to get around the privacy or security settings on the Website and/or Software through unforeseen and/or illegal activity.
8. Processing in Accordance with General Data Protection Regulation
At Microwallet we strive to adhere the processing of Personal Data as performed in accordance with privacy rights and regulations following the EU Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 (the Directive), and the implementations of the Directive in local legislation. From May 25th, 2018, the Directive and local legislation based on the Directive will be replaced by the Regulations (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of Personal Data and on the free movement of such data, known as the General Data Protection Regulation (GDPR), and Our processing will take place in accordance with the GDPR.
9. Retention and Deletion of Personal Data
Personal data that We process for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes
We will retain and delete Your Personal Data as follows:
To use the Services, You must be over the age of eighteen (18). Microwallet does not knowingly collect Personal Information from children under the age of eighteen (18). We do not process any Personal Information of children under this age. We reserve the right to request proof of age at any stage so that We can verify that minors under the age of eighteen (18) are not using the Services. In the event that it comes to Our knowledge that a person under the age of eighteen (18) is using the Services, We will prohibit and block such Client from accessing the Services and will make all efforts to promptly delete or effectively anonymize any Personal Data stored with us with regard to such a Client.
10. Your Rights
Your principal rights under data protection law are:
If You have any further questions regarding the data Microwallet collects, or how We use it, then please feel free to contact us by email at [email protected]
Last updated on 18 February 2020