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Legal Glossary

Plain‑English definitions for legal and technical terms used across our policies and disclosures.

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Last updated: 2026-01-15

How to use this glossary

These definitions help you read our Terms and related policies. They are not legal advice and may be simplified for clarity. For precise meanings in specific laws or contracts, consult those sources or seek legal counsel.

Arbitration

A private dispute process where a neutral arbitrator (or panel) decides a case. Often faster than court and confidential, subject to local law.

SIAC

Singapore International Arbitration Centre. An institution that administers arbitrations under its rules, commonly used for cross‑border disputes.

Governing law

The legal system whose rules apply to interpreting the Terms. It does not always decide which court hears the case.

Seat of arbitration

The legal home of an arbitration. Determines procedural law and which courts may supervise the arbitration.

Class action

A lawsuit where one or more plaintiffs sue for a larger group. Terms may include a waiver to require individual resolution, subject to law.

Non‑custodial

You, not us, control private keys. We can’t access or reverse your transactions.

Private key

A secret cryptographic value that proves control over a wallet. If lost or shared, assets may be irretrievable.

Seed phrase

A list of words that can recreate your wallet. Treat it like a master key; never share it with anyone.

MPC

Multi‑party computation. Cryptography that splits secrets across parties/devices so no single party holds the whole key.

2FA

Two‑factor authentication. An additional verification factor (e.g., TOTP, passkey) to protect account access.

RWA

Real‑world asset token. A digital token referencing off‑chain assets (e.g., commodities). Involves legal structure and custody risks.

BDTC

A token referenced in the site. Disclosures clarify supply, reserves, and risk factors. Not investment advice.

Quantum‑resistant

Cryptographic approaches designed to resist attacks by quantum computers. An evolving area; no guarantees.

Smart contract

Code on a blockchain that enforces rules for assets and protocols. Bugs can cause loss.

Gas fee

Network fee paid to validators/miners to process a transaction. Varies with congestion.

Fork

A divergence in a blockchain’s history or rules. May result in competing chains and assets.

Airdrop

A distribution of tokens to addresses, often based on snapshots or criteria. Not guaranteed or always supported.

Snapshot

A recorded state of balances/addresses at a particular block height, used for distributions or governance.

Oracle

A service that supplies external data to smart contracts. Oracles introduce third‑party dependency risk.

Attestation

A third‑party statement about certain facts (e.g., reserves). Not the same as an audit; scope varies.

Audit (financial)

An independent examination of financial information and controls, subject to standards. Scope and assurance levels vary.

Audit (security)

A review of code, architecture, and processes by a security firm. No audit can guarantee absence of vulnerabilities.

Sanctions

Restrictions under law that prohibit dealing with certain persons, entities, or jurisdictions.

AML/CFT

Anti‑money laundering and counter‑terrorist financing obligations. Laws targeting illicit finance.

PDPA

Singapore’s Personal Data Protection Act. Provides rights and obligations for personal data handling.

GDPR

EU General Data Protection Regulation. Sets rules and rights around personal data in the EU/EEA.

UK GDPR

The UK’s version of GDPR after Brexit, largely similar but under UK law and regulators.

DPDPA

India’s Digital Personal Data Protection Act. Defines protections and duties around personal data.

Controller

The party deciding why and how personal data is processed.

Processor

The party processing personal data on behalf of a controller under documented instructions.

DPA

Data Processing Addendum. Contract terms added to govern controller–processor processing of personal data.

SCCs

Standard Contractual Clauses. EU‑approved templates to safeguard cross‑border transfers of personal data.

Pseudonymization

Replacing identifiers with pseudonyms to reduce linkability while preserving analytical value.

Encryption at rest

Protecting stored data using cryptography so it’s unreadable without keys.

Encryption in transit

Protecting data while it moves between systems (e.g., TLS).

Rate limiting

Controlling request volume to maintain reliability and deter abuse.

Passkey

A modern authentication method using public‑key cryptography for passwordless sign‑in.

Beta feature

A pre‑release capability that may change or be removed; expect instability and limited support.

Recovery phrase

Another term for seed phrase; the human‑readable way to back up a wallet.

Conflicts of law

Rules deciding which jurisdiction’s law applies to a dispute with cross‑border elements.

ADR

Alternative Dispute Resolution. Mechanisms (like mediation) for settling conflicts outside courts.

TOMs

Technical and Organizational Measures. Controls used to protect data (e.g., access control, monitoring).