Terms of Service

1. Introduction

2. Service Description

cirbtc2bitcoin.com provides an atomic swap service that enables users to exchange cirBTC for Bitcoin (BTC) on Lightning, on-chain or Arkade, and vice versa. cirBTC is a BTC-backed token issued by Circle. cirbtc2bitcoin.com is an independent service and is not affiliated with Circle.

A swap from cirBTC to BTC runs through the following steps:

1. Your cirBTC is converted to tBTC, a BTC-pegged token on Ethereum, on a decentralized exchange.
2. The tBTC is locked in a hash time-locked contract (HTLC).
3. The server locks the corresponding amount of BTC.
4. You receive the BTC at your target address, which atomically releases the tBTC to the server.

A swap from BTC to cirBTC runs the same way in reverse: you lock BTC, the server locks tBTC on Ethereum, and on claim it is converted to cirBTC and sent to your address.

3. Refund Policy

If a swap cannot be completed, the locked funds are returned once the contract's timelock expires. What you receive depends on the direction of the swap:

• cirBTC to BTC: you receive tBTC on Ethereum, not cirBTC. The cirBTC has already been converted to tBTC before it was locked, and that conversion is not reversed.
• BTC to cirBTC: you receive your original BTC back to a refund address you control.

4. Exchange Rate Risk

IMPORTANT: cirBTC is converted to or from tBTC on a decentralized exchange as part of the swap, at the market rate at that moment, and a refund of a cirBTC to BTC swap is paid in tBTC. cirBTC and tBTC are tokens issued by third parties. We do not issue them, and we make no guarantee about their market value relative to BTC or to each other, before or after a swap or a refund.

We do not provide any guarantees regarding exchange rates. Rates may fluctuate between the time you initiate a swap and when it is executed. You acknowledge and accept this risk when using our service.

5. No Warranties

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO:

• Warranties of merchantability or fitness for a particular purpose
• Warranties regarding the accuracy, reliability, or completeness of the service
• Warranties that the service will be uninterrupted, secure, or error-free
• Warranties regarding exchange rates, transaction timing, or execution

6. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, LENDASAT INC. AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF THE SERVICE.

This includes, without limitation, any losses resulting from:

• Exchange rate fluctuations
• Failed or delayed transactions
• Network congestion or blockchain issues
• Smart contract vulnerabilities
• Third-party service failures (including decentralized exchanges)

7. User Responsibilities

By using our service, you acknowledge and agree that:

• You are solely responsible for securing your private keys and recovery phrases
• You understand the risks associated with cryptocurrency transactions
• You will verify all transaction details before confirming any swap
• You comply with all applicable laws and regulations in your jurisdiction
• You are not using the service for any illegal or prohibited purposes

8. Geographic Restrictions

Our service is not available to residents or citizens of, or persons located in, the following jurisdictions:

• The United States of America and its territories
• Countries subject to comprehensive sanctions by the United States, European Union, or United Nations, including but not limited to: North Korea, Iran, Syria, Cuba, and the Crimea, Donetsk, and Luhansk regions
• Any other jurisdiction where the use of cryptocurrency swap services is prohibited or requires licensing that we do not hold

By using our service, you represent and warrant that you are not located in, incorporated or organized in, or a resident of any restricted jurisdiction, and that you are not subject to sanctions administered by OFAC, the UN Security Council, the EU, or any other governmental authority.

9. Third-Party Services

10. Analytics & Privacy

We use analytics to understand how our service is used and to improve reliability. Our analytics provider is PostHog, which processes data on servers located in the European Union.

Data we collect:

• Swap lifecycle events (initiation, completion, refund) including swap direction, token types, and fee amounts
• Page views and general usage patterns
• Device and browser information (screen size, browser type, operating system)

Data we do NOT collect:

• Wallet balances or private keys
• Seed phrases or recovery phrases
• Personally identifiable information (names, email addresses)
• IP addresses are not stored - only a rough geographic region is derived at ingestion time

We automatically strip any sensitive data patterns (such as private keys or seed phrases) from analytics events before they are transmitted.

Legal basis: We process this data under legitimate interest (GDPR Article 6(1)(f)) for the purpose of maintaining and improving the service. Analytics data is retained for a maximum of 12 months from the date of collection, after which it is automatically deleted.

11. Modifications to Terms

12. Governing Law

13. Contact

For questions about these Terms, please contact us through our official channels.

Lendasat Inc.
Delaware, United States