Onchain Wallet

Table of Contents

1. Introduction

Welcome to Prism Wallet ("we," "our," or "us"). This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our cryptocurrency wallet platform, trading services, and related features (collectively, the "Service").

Important: By using Prism Wallet, you acknowledge that cryptocurrency transactions are pseudonymous by nature and involve unique privacy considerations. This policy specifically addresses both traditional data privacy and blockchain-specific privacy concerns.

We are committed to protecting your privacy and handling your data in an open and transparent manner. This policy applies to all users of our platform, including visitors, registered users, and traders.

2. Information We Collect

2.1 Personal Identification Information

When you register for an account, we may collect:

2.2 Financial & Trading Data

2.3 Technical Data

2.4 Information We DO NOT Collect

Private Keys

We never store or have access to your private keys. You maintain full custody of your crypto assets.

Seed Phrases

We never request or store seed phrases or mnemonic recovery phrases.

Government ID (Currently)

We do not currently require KYC documents, though this may change to comply with future regulations.

Biometric Data

We do not collect fingerprints, facial recognition data, or other biometric information.

3. Cryptocurrency-Specific Privacy Considerations

3.1 Blockchain Transparency

Cryptocurrency transactions on public blockchains (Bitcoin, Ethereum, Solana, etc.) are inherently public and permanent. When you deposit or withdraw funds:

3.2 Wallet Address Privacy

3.3 DeFi & Smart Contract Interactions

Best Practice: Treat your wallet addresses like public information. Never share your private keys or seed phrases with anyone, including Prism Wallet support. We will never ask for your private keys.

4. How We Use Your Information

We use collected information for the following purposes:

Account Management

Create, maintain, and secure your account. Process authentication and authorization.

Trade Execution

Process trading operations, calculate profits/losses, maintain trade history.

Security & Fraud Prevention

Monitor suspicious activity, prevent unauthorized access, protect user funds.

Communications

Send important updates, security alerts, transaction confirmations, and service announcements.

Platform Improvement

Analyze usage patterns to improve performance, fix bugs, and enhance user experience.

Legal Compliance

Comply with applicable laws, regulations, legal processes, or governmental requests.

5. Data Sharing & Disclosure

5.1 We Do NOT Sell Your Data

We do not sell, rent, or trade your personal information to third parties for marketing purposes. Your data is not a product.

5.2 Limited Sharing Circumstances

We may share information only in these limited circumstances:

5.3 Third-Party Services

Our platform may integrate with or link to third-party services (price APIs, blockchain explorers, payment processors). These services have their own privacy policies, and we are not responsible for their practices.

6. Blockchain Data & Immutability

Critical Understanding: Blockchain data is immutable and permanent. Once a transaction is confirmed on the blockchain, it cannot be deleted, modified, or reversed by anyone — including us.

7. Cookies & Tracking Technologies

7.1 Essential Cookies

We use session cookies that are essential for the platform to function:

7.2 Analytics

We may use anonymized analytics to understand platform usage patterns. No personally identifiable information is shared with analytics providers.

7.3 No Advertising Cookies

We do not use advertising or third-party tracking cookies. Our platform is ad-free.

7.4 Cookie Control

You can disable cookies in your browser settings, but this may prevent the platform from functioning properly.

8. Security Measures

We implement industry-standard security measures to protect your data:

Password Hashing

Passwords are hashed using bcrypt with appropriate salt rounds. Plain-text passwords are never stored.

SQL Injection Protection

Parameterized queries and prepared statements prevent SQL injection attacks.

Session Security

Secure session management with proper timeout and regeneration policies.

Server Security

Firewalls, intrusion detection, regular security updates, and minimal data exposure.

XSS Prevention

Output encoding and Content Security Policy headers prevent cross-site scripting.

Regular Audits

Security reviews and vulnerability assessments are conducted regularly.

No System is 100% Secure: Despite our best efforts, no security measures are perfect. We cannot guarantee absolute security. Always practice good security hygiene: use strong passwords, enable 2FA, and never share your credentials.

9. Data Retention

10. Your Data Rights

Depending on your jurisdiction, you may have the following rights:

Right to Access

Request a copy of your personal data we hold.

Right to Rectification

Correct inaccurate or incomplete personal data.

Right to Erasure

Request deletion of your personal data (except blockchain data).

Right to Restrict

Request restriction of processing under certain conditions.

Right to Portability

Receive your data in a machine-readable format.

Right to Object

Object to processing based on legitimate interests.

To exercise these rights, contact us at privacy@prismwallet.io. We will respond within 30 days.

11. International Data Transfers

Your information may be transferred to and processed in countries other than your country of residence. These countries may have data protection laws different from your jurisdiction.

We take appropriate safeguards to ensure your data remains protected in accordance with this Privacy Policy. By using our Service, you consent to such transfers.

12. Children's Privacy

Our Service is not intended for individuals under the age of 18. We do not knowingly collect personal information from children. If we become aware that a child has provided us with personal data, we will delete such information immediately.

If you are a parent or guardian and believe your child has provided us with personal information, please contact us immediately.

13. Changes to This Privacy Policy

14. Contact Us

If you have questions, concerns, or requests regarding this Privacy Policy or your data, please contact us:

Email

privacy@prismwallet.io

Support

support@prismwallet.io

Legal

legal@prismwallet.io

Response Time

Within 48 hours

Data Protection Officer: For EU/UK users, you have the right to lodge a complaint with your local data protection supervisory authority.