Rizful: Terms Of Service
The following is the binding and enforceable Terms of Service.
Please read these Terms of Service (“Terms”) carefully, as they govern your use of Rizful's services, website (rizful.com), and any related mobile applications. By using our services, accessing our website, or creating an account, you agree to these Terms. If these Terms conflict with any third-party terms, these Terms will take precedence. Please also review our privacy policy.
We may update these Terms at any time without notice to reflect changes to our services, new features, legal or security developments, or to protect our users. Changes will take effect from the "Last Updated" date listed. Please review these Terms regularly, as continued use of our services means you accept any updates.
These Terms form a binding agreement between you (an individual or an entity acting through an authorized person) and Rizful, including its affiliates ("we," "us," or "our").
Eligibility & Account
To use most of our services, you need to create an account with us. To use any of our services, or to create an account, you must meet at least the following conditions (“Conditions”):
- If you are an individual, you must be old enough to legally form a binding contract in your jurisdiction (typically 18 in the USA, but may vary elsewhere).
- If you are an entity, you must be legally organized and operating under the laws of your jurisdiction.
- You must have a valid email address.
- You must have the authority to agree to these Terms without violating any other agreements.
- You must not be restricted from using our services.
- If you are an individual, you must not be located in, or under the control of, any sanctioned or embargoed jurisdiction (including Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Russia, Belarus, and Syria) or a jurisdiction where our services are restricted. If you are an entity, you must not be owned or controlled by anyone in such locations.
- If you are an individual, you must not be on, or if you are an entity, not owned or controlled by anyone on, U.S. or international sanctions lists, including the Office of Foreign Assets Control's SDN list, the U.S. Department of Commerce's Denied Persons List, and similar watchlists.
By making an account or using the services, you represent and warrant that you meet all of the Conditions. If you stop meeting the Conditions, you must immediately notify us and stop using your account and the services. We may require proof that you meet the Conditions. Even if you meet the Conditions, we may, in our sole discretion, determine that you’re not eligible to have an account or use the services.
Your Activities
When using our services, you agree to:
- Only use your account for your own benefit, not for anyone else.
- Not share your account or password with others.
- Keep your account secure by using a strong, unique password.
- Immediately inform us if you detect or suspect any security issues with your account.
- You are responsible for all activities under your account and accept the risks of both authorized and unauthorized access, as allowed by law.
- Always provide and up-to-date email when using our services.
We may decide, at our discretion, to temporarily suspend or permanently terminate your account if necessary. For more details, see below.
You are solely responsible for all actions and omissions under your account, and any activities performed using your account will be considered as your actions.
Your Cloud Lightning Node
When you use our services, you gain access to a cloud Lightning node ("Lightning Node"). You are responsible for all activity on your node, including:
- Complying with all relevant laws and regulations.
- Ensuring your node has a positive BTC balance.
- Keeping your login email, password and 2-factor authorizations secure.
Nodes With Zero Balance And No Channels May Be Deleted
Please be aware that any nodes with zero BTC balance and no open channels could be deleted at any time. Do not use BTC addresses generated from Rizful for long-term "payment" addresses.
Two-Factor Authentication (2FA) Required
You can at any time enable a free two-factor authorization application like Google Authenticator, Microsoft Authenticator, or other authentication app, to protect your account.
AT THE POINT WHERE YOU HAVE DEPOSITED MORE 100,000 SATOSHIS (0.001 BTC), YOU WILL BE REQUIRED TO ENABLE TWO-FACTOR AUTHENTICATION (2FA) IN ORDER TO TAKE ANY FURTHER ACTIONS, INCLUDING WITHDRAWING AND SENDING BTC OF ANY AMOUNT.
YOU ARE SOLELY RESPONSIBLE FOR MAINTAINING ACCESS TO YOUR 2FA SOFTWARE. RIZFUL DOES NOT HAVE ACCESS TO YOUR 2FA OR BACKUP CODES.
BTC Balances
You'll need a positive BTC balance on your Lightning Node to open channels and send payments. All your funds are held directly in your Lightning Node. Each user's Lightning Node is strictly segregated and other users do not have access to your Lightning Node. You maintain control of your funds at all times.
Since you control your Lightning Node, we are not responsible for the use or management of your BTC. By using our services, you confirm that (1) you are the owner of the BTC in your node, (2) you comply with all relevant terms and conditions, (3) you have the authority to make deposits and withdrawals, and (4) you have provided accurate and complete information when using our services.
Your Lightning Node only supports BTC (Bitcoin). If you attempt to deposit unsupported digital assets or cryptocurrencies, you may permanently lose them, and we are not liable for such losses.
All deposits, withdrawals, channel openings, and other BTC chain activity and Lightning activity is nonrefundable and not under the control of Rizful.
You solely own and retain title to any BTC assets on your Lightning Node.
You are solely responsible for determining the taxes that apply to your use of our services, including without limitation all BTC activity, and for correctly reporting and paying those taxes to the relevant authorities. Rizful does not have any responsibility or liability for determining, collecting, reporting, or remitting taxes from your transactions.
Downtime
From time to time, your Rizful node may be inaccessible due to maintenance or updates that we are performing. We are not responsible for any loss or claim related to this downtime, and although we will make our best, reasonable effort to keep our service running 24/7, we cannot make any specific guarantees.
Your Lightning Node May Sleep
Unless you pay for extended uptime, please be advised that when your Lightning Node is not active, it may go to sleep. This means that your node will not be able to receive or send payments. To wake up your node, you will need to log in to your account and click the "start" button.
If Rizful experiences data loss
One of the known challenges of the Lightning Network is backing up "channel state". There is currently no 100% safe method of backing up channel state. If one of our servers experiences data loss, your node will automatically be moved to a new server and an attempt will be made to restore it from a "static channel backup" (SCB). By proceeding on this website, you accept and acknowledge the risks and delays inherent with the SCB process. We encourage you to educate yourself about the challenges of the SCB process by referencing this page .
Restrictions
You promise that you will not:
- Use Rizful's content to engage in or support any illegal, fraudulent, or deceptive activities, such as money laundering, illegal gambling, or terrorism.
- Use our content in ways that violate intellectual property rights, legal regulations, or these Terms.
- Remove, alter, or obscure any trademarks, notices, or disclaimers associated with Rizful's content.
- Use, export, or transfer our content in violation of U.S. or local export and import regulations.
- Copy, modify, disassemble, or reverse engineer our content, unless permitted by law.
- Sell, license, or distribute our content to third parties unless expressly allowed by these Terms.
- Take actions that could harm, disable, or disrupt our content or interfere with other users' experiences.
- Attempt to bypass or tamper with any security measures protecting our content.
- Use devices, software, or routines that could damage or disrupt our systems or introduce harmful software.
- Use data extraction methods like scraping or harvesting on our content.
- Use bots, scripts, or automated systems to interact with Rizful's content without permission.
- Attempt to access or use another user’s account without authorization.
- Provide false or misleading information while using our services.
- Encourage or allow others to engage in any of the restricted activities listed above.
Risks
There are significant risks associated with using Rizful's services, including managing a cloud Lightning Node and conducting transactions. You should carefully assess whether using these services is appropriate for you, considering your circumstances, knowledge, and access to BTC balances.
WE ARE NOT A BANK OR OTHER DEPOSITORY INSTITUTION. YOUR ACCOUNT IS NOT A BANK ACCOUNT, AND OUR SERVICES ARE NOT BANKING OR DEPOSITORY PROGRAMS. FUNDS HELD IN YOUR CLOUD LIGHTNING NODE ARE NOT COVERED BY INSURANCE AGAINST LOSSES AND ARE NOT PROTECTED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (“FDIC”), SECURITIES INVESTOR PROTECTION CORPORATION (“SIPC”), OR ANY SIMILAR ORGANIZATION GLOBALLY.
You acknowledge and agree that your access to and use of the services, including operating a cloud Lightning Node and conducting transactions, is at your own risk. Rizful is not liable for any losses you may incur as a result of these risks.
Long-term usage
Rizful is not designed for long-term storage of significant amounts of BTC. For long-term storage or saving of BTC, use a hardware wallet.
Disclaimer of Warranties
TO THE FULLEST EXTENT PERMITTED BY LAW, OUR SERVICES AND PLATFORMS ARE PROVIDED "AS IS" AND "AS AVAILABLE." WE DISCLAIM ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE MAKE NO GUARANTEES THAT OUR SERVICES OR PLATFORMS WILL BE ACCURATE, SECURE, AVAILABLE, USEFUL, UNINTERRUPTED, OR ERROR-FREE; THAT ANY ISSUES WILL BE FIXED; OR THAT THE SERVERS USED ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. WE DO NOT PROVIDE ANY GUARANTEES FOR UPTIME, AND WE RESERVE THE RIGHT TO DISCONTINUE OUR SERVICES OR PLATFORMS AT OUR SOLE DISCRETION.
Limitations on Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER WE NOR OUR DIRECTORS, EMPLOYEES, OR AGENTS SHALL BE LIABLE FOR ANY CLAIMS, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, RELATED TO THESE TERMS, OUR SERVICES, OR PLATFORMS FOR (1) ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING LOSS OF PROFITS, GOODWILL, USE, OR DATA, AND (2) ANY AMOUNT EXCEEDING $100 USD, TO THE EXTENT NOT ALREADY EXCLUDED.
Indemnification
You agree to indemnify, defend, and hold harmless Rizful, its affiliates, and their respective directors, officers, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, expenses, or fees (including reasonable attorneys' fees) that arise from or relate to your use of our services or platforms, your violation of these Terms, or your violation of any rights of a third party.
Dispute Resolution, Arbitration, Applicable Law
PLEASE READ THIS SECTION CAREFULLY, AS IT REQUIRES YOU TO ARBITRATE DISPUTES WITH RIZFUL AND LIMITS HOW YOU CAN SEEK RELIEF.
You and Rizful agree to resolve any disputes arising from these Terms or your use of the services through arbitration, except for disputes where either party seeks equitable relief for the alleged misuse of copyrights, trademarks, trade names, logos, trade secrets, or patents. ARBITRATION MEANS YOU WAIVE YOUR RIGHT TO SUE IN COURT OR HAVE A JURY TRIAL. Both parties agree to notify each other in writing of any dispute within 30 days of it arising. You must send notices to info@rizful.com. Additionally, you and Rizful agree to: (a) attempt informal resolution before seeking arbitration; (b) conduct arbitration confidentially with a single arbitrator under JAMS rules; and (c) recognize that the courts have exclusive jurisdiction over appeals of arbitration awards and any cases not subject to arbitration. Aside from the class procedures and remedies mentioned below, the arbitrator can provide any remedy that would be available in court. Disputes will be governed by these Terms and applicable laws, without consideration of conflict of laws principles. Whether resolved in arbitration or court, neither party will initiate a class action, class arbitration, or representative action against the other.
Suspension, Termination, Discontinuance
We reserve the right, at any time and without liability or prior notice, to:
- Modify or discontinue our services or Platforms, or any part of them;
- Suspend, restrict, or terminate your access to our services or Platforms;
- Suspend, restrict, or delete your account, any related information, or any content you post on our services or Platforms; or
If we decide to terminate your account, we use the email address you have provided to reach out and ask you to withdraw and BTC balance on your Lightning Node, before we delete your account.
You can close your account at any time by withdrawing your BTC balance and ceasing to use our services. However, we can only close or discontinue your account if your BTC balance is either zero or considered "dust," a small amount that cannot be transferred.
Notices
You agree that Rizful may send all communications, agreements, documents, receipts, notices, and disclosures (“Communications”) related to your account or use of our services via email to the address you provide. It is your responsibility to regularly check this email address and respond promptly to any important notices.
To receive and keep copies of these electronic Communications, you need a device with an internet connection, a current web browser, and sufficient storage. You are also responsible for ensuring that your email address on file is always up to date.
For security reasons, Rizful does not allow you to change your email address. If you would like to change your email address, please withdraw all your BTC, delete your current account, and sign up with a new account with the new email address.
Force Majeure
Rizful is not responsible or liable for any error, delay, loss, or damage arising from any event beyond our reasonable control (each, a “Force Majeure Event”). Force Majeure Events include flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications, power failure, or equipment or software malfunction.
Waiver
If Rizful does not exercise a right under these Terms, it is not waiving such right.
Enforceability
If any provision of these Terms is invalid or unenforceable, such provision will be deemed severed from these Terms, but such invalidity or unenforceability will not affect any other part of these Terms, and the rest of these Terms will remain in full force and effect. However, if any such invalid or unenforceable provision can be modified so as to be valid and enforceable as a matter of law, then such provision is not deemed severed from these Terms and instead is deemed to have been modified to be valid and enforceable to the maximum extent permitted by law.
Assignment
You cannot assign or transfer any right or obligation under these Terms without Rizful's prior written consent. Rizful can assign or transfer any right or obligation under these Terms, in whole or in part, without your consent, subject to compliance with applicable laws. Additionally, if Rizful is acquired by or merged with a third-party entity, we reserve the right to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.
No Investment or Tax Advice
Rizful does not provide investment or tax advice, including in connection with your use of the services. You agree not to rely upon any statement or content on our services or platforms, or that is otherwise attributed to Rizful, as a recommendation, advice, or guidance regarding trades, investments, tax, or any other similar issues. We are also not acting as your bank, broker, intermediary, agent, advisor, or as your fiduciary in any capacity, including with respect to the services.
No Partnership or Joint Venture
Nothing in these Terms will be deemed to or is intended to be deemed to, nor will it, cause you and Rizful to be treated as partners, joint venturers, or otherwise as joint associates for profit.
Entire Agreement
These Terms constitute the entire agreement between you and Rizful, and supersede all prior and contemporaneous understandings between you and us regarding our services and platforms.