Terms

1. Introduction & Scope of Services:

Speed Web App| Speed Wallet provides secure platform for businesses and individuals to accept and send bitcoin payments seamlessly. Speed provides services to users in jurisdictions where such services are legally permissible.

The terms and conditions defined here shall govern the use of Speed Web/Speed Wallet in a legally binding way. By accessing our services or entering into any other related agreement or relationship with us, user agrees to comply with and bound by these terms and conditions mentioned herein. Speed Web App| Speed Wallet reserves the rights to update or modify the terms and conditions from time to time. Users are encouraged to review this page time to time to stay informed of any changes.

2. Definitions:

“Speed Web App| Speed Wallet” is hereby referred as “Speed” for the purpose of terms of use mentioned. Speed hereby refers to this website including its domains, sub domains and any other website through which the owner makes its service available.

“User” refers to an individual or entity accessing services of Speed. For Speed’s own services, a User does not qualify as a consumer under relevant laws or regulations. The services provided by CoinX USA, LLC are provided to consumers under the CoinX Terms of Service.

“Bitcoin” refers to the digital currency or cryptocurrency that operates on a decentralized network and whose value can be traded and stored electronically.

“Services” refers to the services provided by Speed Web App| Speed Wallet to buy, sell, trade and manage bitcoins and its associated activities as described in these terms and conditions and on Speed Web App | Speed Wallet.

“Platform” refers to the interface (web app and wallet) provided by Speed, through which users can access digital services, tools and related activities.

“Prohibited Activities” refers to conducting repetitive transactions of the same or similar amount with the sole purpose of accumulating reward points or any other form of automated or manual activity designed to generate reward points through abnormal transaction patterns. It also covers all types of fraudulent or disruptive activities like spam, market manipulation etc.

“Illegal Activities” includes engaging in fraudulent activities such as unauthorized use of accounts, identity theft; bypassing security measures by hacking or breaking the system; using the Speed Services for unlawful purposes like money laundering or terrorism financing. Engaging in any of the illegal activities shall be deemed as fraudulent or exploitative towards the reward system.

3. Eligibility:

The user is required to be an adult under the applicable laws (i.e. 18 years and above for individual users or in accordance with the jurisdiction they reside in). There are certain criteria under which few services may or may not be applicable to some users. The exceptions are explicitly mentioned under each clause (i.e. wherever required). Clauses without any exceptions shall be applicable to all types of users at all times. Also, access of our services shall be restricted if the user is applying or using the services while being in prohibited regions or jurisdictions.

4. Account

• Account Registration

To create an account the user is required to register by providing all the required data in accurate manner and complete the process as necessary. Inadequate data might lead to unavailability of the service. Subsequent to the registration, Login credentials are required to be kept confidential for which user is required to choose passwords that maintain high standards of strength as permitted by Speed.

• Account Security:

The user is accountable for the transactions for their account and to maintain the confidentiality about their credentials. In case of any unauthorized access or violation of any data or credentials, users are required to immediately inform us via the contact details mentioned in this document or on the web app and wallet. Speed shall not be responsible for any unauthorized access resulting from the user’s failure to secure the account credentials.

• Account Termination/Suspension/Deletion:

User can inform us via our contact details provided, if they wish to terminate or delete their account. However, user shall not be entitled for any claims, compensation or reimbursements in this scenario. Also, this does not exempt the user from paying any applicable fees, if that is due in any case.

Speed reserves the right to suspend or delete any account at its sole discretion if any fraudulent activity is detected; or if any account seems inappropriate/offensive; or in case of violation of these terms of use.

5. Indemnification:

The User agrees to indemnify, defend, and hold harmless Speed, its affiliates, officers, directors, employees, agents, partners, and licensors (collectively, “Indemnified Parties”) from and against any and all claims, damages, liabilities, losses, costs, and expenses (including, but not limited to, reasonable attorneys’ fees) arising from:

(a) the User’s use of the Speed platform,

(b) any violation of these Terms of Use,

(c) any breach of representations and warranties made by the User,

(d) any infringement of third-party rights (including intellectual property rights),

(e) any unauthorized or illegal use of the platform, and

(f) any other actions, omissions, or misconduct that result in claims against Speed or its affiliates.

This indemnity obligation applies regardless of whether the claim is brought by a third party, and User agrees to provide Speed with prompt written notice of any such claims. Speed reserves the right, at its own expense, to assume exclusive defence and control of any matter subject to indemnification by User, and the User shall cooperate with Speed in the defence of such matter.

6. Privacy and Data Protection:

User may refer to the Privacy Policy to know how their data is collected, used and protected by Speed. All the conditions and scenarios for data sharing and the details regarding data retention are mentioned in the privacy policy of Speed. The privacy policy also outlines the rights of the users regarding data access, deletion and sharing.

7. Relationship between Speed1, Inc. and CoinX USA, LLC:

• 7.1

Speed1, Inc. (“Speed”, “we”, “our”, or “us”) provides the Speed.app software and user experience layer for payments, wallet management, and financial services. Certain regulated services offered through Speed.app—including money transmission, virtual currency transmission, foreign exchange, custodial services, and other activities requiring federal or state licensure—are provided by CoinX USA, LLC (“CoinX”), a licensed Money Services Business.

Speed is an independent business customer of CoinX under a Financial Infrastructure & Platform Services Agreement effective February 1, 2026.

By using Speed.app, you acknowledge that:

• CoinX is the entity providing all regulated money transmission, virtual currency transmission, and related compliance functions.

• Speed provides technology, software, user interfaces, and operational support, but not licensed financial services.

• CoinX may rely on its own MSB registration, state Money Transmitter Licenses, or licenses held by its qualified program partners to provide regulated services in your jurisdiction.

If any portion of these services cannot legally be provided by Speed due to licensing restrictions, such services are deemed to be provided by CoinX or its approved regulated partner institutions.

• 7.2 Regulatory Coverage & Compliance Responsibilities

CoinX is responsible for maintaining all regulatory requirements applicable to money transmission and virtual currency operations, including but not limited to:

• FinCEN MSB registration

• State MTL (Money Transmitter License) coverage, either directly or through licensed partner institutions

• BSA/AML compliance

• Know Your Customer (KYC) and Know Your Business (KYB) requirements

• Enhanced Due Diligence (EDD)

• Sanctions screening, PEP screening, and fraud monitoring

• Recordkeeping and suspicious activity reporting

Speed must comply with all onboarding, KYC, KYB, AML, and transaction-monitoring rules imposed by CoinX.

• Your Acknowledgment:

By using the Speed.app, you authorize Speed to collect your information and transmit such information to CoinX and its compliance vendors for the purpose of:

• Identity verification

• AML and sanctions screening

• Transaction monitoring

• Regulatory reporting

• Compliance record retention

Speed may not provide services to you if CoinX determines that you fail to satisfy its compliance requirements.

• 7.3 Crypto Asset Transactions:

Speed.app facilitates the buying, selling, sending, receiving, converting, and holding of supported cryptocurrencies (including Bitcoin, USD-backed stablecoins, and other supported assets). You acknowledge that:

• CoinX performs the regulated functions associated with cryptocurrency transmission, exchange, and custodial placement.

• Crypto buy/sell/exchange functionality involves execution and settlement performed by CoinX or approved liquidity providers engaged by CoinX.

• For Florida customers, crypto is held only in separate BitGo wallets, with no omnibus wallets and no other custodian.

Speed itself does not custody user crypto assets; custody is provided by CoinX or its contracted custodians under applicable regulatory frameworks.

• 7.4 Custody & Wallet Infrastructure:

Depending on product configuration and jurisdiction, CoinX may utilize:

• Qualified custodians

• FDIC-insured partner banks (for USD FBO accounts)

• For Florida customers, crypto is held only in separate BitGo wallets, with no omnibus wallets and no other custodian.

Users acknowledge that movement of digital assets is executed by CoinX under its compliance, operational, and risk-management controls. Speed provides the user interface (UI) layer, wallet management features, and transaction execution requests, but does not directly custody assets.

• 7.5 Money Transmission & Settlement:

All fiat and cryptocurrency transmission services provided in Speed.app are performed by or on behalf of CoinX. These include:

• Opening and maintaining FBO or custodial accounts

• Storing and settling user balances

• Facilitating ACH, wire, card settlement, or blockchain settlement

• Executing crypto-to-fiat and fiat-to-crypto conversions

• Processing outbound or inbound transfers on behalf of users

CoinX may suspend or halt transmission services if:

• Required by law or regulatory authority

• Fraud, AML risk, or prohibited activity is detected

• Speed fails to comply with its obligations to CoinX

• 7.6 Fees, Pricing & Benchmarking:

As permitted by the agreement between Speed and CoinX, Speed and CoinX may implement pricing structures for transmission, exchange, withdrawal, conversion, and other regulated services.

Users acknowledge that:

• Fees may be charged by CoinX for regulated services

• Fees displayed in Speed.app may include technical or operational markup by Speed

• Fees may vary by jurisdiction, asset type, or transaction size.

• 7.7 Authorization to Use Regulated Services:

By using Speed.app, you authorize:

• CoinX to perform all regulated actions necessary to complete your requests

• CoinX to rely on third-party service providers or banking partners

The sharing of necessary personal and transactional data with CoinX and its partners for regulatory compliance.

• 7.8 Termination or Suspension of Services:

CoinX may terminate or suspend regulated services if:

• You violate the law or these Terms

• Required by a bank partner or regulatory authority

• CoinX determines you present AML, fraud, or sanctions risk

• Speed or the underlying program relationship is terminated

Upon termination, CoinX will facilitate the orderly transfer or withdrawal of user assets.

• 7.9 No FDIC Insurance on Crypto Assets:

Crypto assets are not insured by the FDIC or any government agency. USD balances may be held in FDIC-insured FBO accounts, but only pass-through insurance rules apply and are subject to partner-bank limitations.

• 7.10 Disclosures Regarding Risk:

You acknowledge the risks of using cryptocurrency services, including:

• Market volatility

• Irreversible blockchain transactions

• Technology or security risks

• Restricted availability or changes in regulatory requirements

• Potential suspension of services by CoinX or its partners

Speed is not liable for your losses tied to market fluctuations or blockchain network failures.

• 7.11 Cash Deposit Services using Green Dot®

Speed may enable users to add cash to their account or wallet through participating retail locations using barcode-based cash deposit services provided by Green Dot® and its network partners.

To use this service, users must generate a barcode within the Speed app or website and present it at a participating retailer along with the cash amount to be loaded. Retail service fees and transaction limits may apply and will be disclosed at the time of the transaction. Users acknowledge and agree that:

• only barcodes generated from their own account may be used;

• barcodes may expire or become invalid after use;

• users must retain transaction receipts as proof of deposit;

• transactions may be delayed, restricted, or rejected for fraud prevention, AML, sanctions screening, or compliance purposes.

Speed does not operate or control participating retail locations and shall not be responsible for the acts, omissions, errors, delays, or service interruptions of Green Dot® or participating retailers.

Service provided by Green Dot®. Third-party retailer terms and conditions may apply. (user can refer to the terms of use for Green Dot® here)

8. Chargebacks and Related Fees:

In the event of a chargeback issued against a transaction made through your Speed account or payment card, Speed reserves the right to deduct the corresponding chargeback amount from your Speed Wallet Cash balance.

Any applicable chargeback fee will also be deducted from your Speed Wallet Cash balance. The chargeback fee will be calculated based on the applicable chargeback amount.

You are responsible for ensuring that sufficient funds are available in your Speed Wallet Cash balance to cover the chargeback amount and any applicable fees.

9. Infringement clause:

This clause provides protection to the company from the consequences of unknowingly infringing on third-party rights and outlines the procedure for handling infringement claims, including compensation when applicable.

Speed operates in compliance with all applicable intellectual property laws, including copyrights, trademarks, patents, and trade secrets. The company asserts ownership over all intellectual property rights related to the platform, including website content, logos, software, and other proprietary materials.

Users are granted a limited, non-exclusive, non-transferable license to access and use the platform for personal, non-commercial purposes. User-generated content (e.g., posts, comments, reviews) remains the intellectual property of the user, subject to the company’s right to use, display, or distribute such content as specified in the platform’s terms.

In the event of an infringement claim concerning intellectual property rights, including patents, trademarks, copyrights, or trade secrets, users must notify the company promptly. The company will address valid claims and take necessary steps to resolve them, while ensuring protection from liability for unintentional infringements.

10. Updation of terms:

Speed reserves the right to update, amend or modify these terms and conditions from time to time. The revised version shall be posted on the website. The continued usage of services by the user will imply that the user has accepted the revised terms and conditions. Users are encouraged to review this page time to time to stay informed of any changes.

11. Contact Information:

User may contact us on support@speed.app for any queries or questions related to the Services provided by Speed. All the relevant communications are required to be sent to this email address.

12. Severability Clause:

This clause implies that the remaining provisions shall remain in full force even in case of one or more terms and conditions deemed to become invalid or unenforceable under applicable laws. The invalidity or unenforceability shall not impact the validity of the other terms and conditions mentioned hereby.

13. Limitations of Liability:

Speed and any of its officers, employees and affiliates shall not liable for any direct or indirect damages, losses or claims arising from the use of the third-party services. This includes but not limited to transaction errors, delays, or any loss of funds, profits or data; incurred during the cryptocurrency purchase process. The responsibility for resolving any issues lies with the third-party providers, and users agree to hold Speed harmless from any consequential claims or damages.

The limitation also applies to any claims arising from or related to subscription services, including but not limited to billing errors, auto-renewal failures, in accessibility of premium features, or disputes involving payments handled through third-party platforms such as Google Play Store or Apple App Store. Speed shall not be liable for any losses or disruptions resulting from such external processes.

14. Service Disruptions and Force Majeure:

Speed reserves the right to interrupt the service for maintenance, system updates and to make the necessary change in the ongoing services. Due to this, users can experience some delays, interruptions or outrage due. Speed will make reasonable efforts to notify users in advance about the same to the possible extent.

Under the applicable laws, Speed may also decide to suspend or discontinue its services. Under that case, Speed shall coordinate with its users to withdraw their relevant information so that the user’s rights are protected and shall compensate the user; if required.

Apart from this, in the case of Force Majeure events, the services might not be available to users. Speed cannot be held liable in this case. The events under force majeure includes but not limited to; the acts of God; wars or acts of terrorism; government actions or strike; cybersecurity attacks; disruptions in telecommunications or internet or any other cause beyond the reasonable control of Speed. Cryptocurrency transactions are subject to market risks and third-party service providers, and Speed shall not be liable for any obstructions caused by external factors.

15. Fees and Payments:

There is no fees for signing up for Speed either through web app or wallet. However, Speed provides some of the services on the basis of payment (including subscription-based plans-See Section 19). The fees and other relevant details of any charges are described under the relevant service categories of Speed Web App | Speed Wallet. The applicable fees will be displayed at the time of the transaction. Speed reserves the rights to change the required fees or charges as deemed necessary.

16. Dispute Resolution and Governing Law:

These terms and conditions are governed in accordance with the laws of the State of Delaware, United States excluding its conflict of laws principles. Any disputes arising shall be resolved according to the Delaware Law (or another chosen jurisdiction, wherever applicable), subject to any local consumer protection laws that cannot be waived.

However, the above doesn’t apply to Users based in the European Union, United Kingdom, Switzerland, Norway or Iceland. These users are required to bring the dispute before their local courts as per the applicable local laws and standards. Other than this, the laws for consumer protection shall be taken into consideration for other counties except from the ones mentioned above.

For the users in any other jurisdiction, local consumer protection laws that cannot be waived will be taken into consideration, and disputes may be subject to the relevant courts or dispute resolution methods in those jurisdictions.

Disputes will be settled through binding arbitration, with Delaware as the preferred location unless otherwise specified. By using Speed’s services, users waive the right to participate in any class action, consolidated action, or representative action. Any disputes will be resolved on an individual basis through arbitration.

This Section 16 applies to disputes with Speed about Speed’s own app and services. Disputes about the services provided by CoinX USA, LLC are governed by the CoinX Terms of Service.

17. Compliance with Laws:

The user shall be in compliance with the applicable laws at all time while using the speed services. The applicable rules and regulations might get updated time to time. The user is expected to be in compliant with the changing laws. All the content posted on the website is in compliance with the applicable laws.

Users agree to comply with all relevant cryptocurrency regulations under the jurisdiction in which they operate, including those in Delaware (USA), as applicable to their activities. It is the user’s responsibility to stay compliant with applicable crypto regulations and standards.”

18. AML Compliance:

The purpose of the AML policy is to detect any suspicious or illicit activities and taking corrective measures to prevent and control them by applying the required techniques and defined rules in the policy. You can go through our detailed AML Policy. Users are required to provide the required details to comply with AML and KYC regulations, failure to which shall lead to restricted access to certain services.

19. Risk Disclosure:

By accessing the services of Speed, user shall agree and understand the risks associated with cryptocurrency. As cryptocurrency is volatile so there is always market risks involved, apart from this there are other risks involved such as regulatory risks, security risks, loss of funds due to any error, hacking or system failure etc. The user is required to acknowledge that they are responsible for their decisions and actions, Speed and its employees, officers, or affiliates shall not be held liable for any loss, damage, or other consequences arising from any sort of risk related to the cryptocurrency transactions. User is required to acknowledge that they fully understand the risks involved while using the services.

20. Disclaimers and Conditions:

• Speed does not provide any warranty or guarantee the value or future performance of crypto market or currencies; the third-party policies or services. The services provided are on “as available” basis as per the applicable laws.

• Speed may assign its rights and obligations to a third party without the consent from the User.

• User may not reproduce, duplicate, copy, sell, resell or exploit any portion of Speed Web App | Speed Wallet and of its Service without the Owner’s express prior written permission granted either directly or through a legitimate reselling programme.

21. Rewards

• This program is open to all registered users of Speed who are at least 18 years old (or the legal age of majority in their jurisdiction)

• User can earn Speed Points (“Points”) for eligible transactions made using the Speed Bitcoin Wallet. The specific number of points awarded per transaction may vary and will be clearly displayed at the time of the transaction. Points are credited only once within a recurring time window. For example, if points are credited at a certain time, subsequent transactions will only be eligible for points after the next time window. Speed reserves the right to modify the points-earning structure or the timing of reward crediting at any time with prior notice.

• The rewards program offers multiple tiers based on your monthly spending using the Speed wallet. Higher tiers unlock additional benefits like increased point earning rates, access to exclusive rewards (e.g., gift cards, coupons, air miles, lounge access. Speed reserves the right to modify tier requirements and benefits at any time with prior notice.

• Points can be redeemed for various rewards, including Bitcoin SATS (minimum redemption amount may apply). The available rewards and redemption rates may change at Speed’s discretion with prior notice. Points have no cash value and cannot be exchanged for fiat currency.

• Points earned may take up to 24 hours to reflect in your account. Speed reserves the right to deduct points for fraudulent or abusive activity. Inactive accounts (i.e. which do not have any login for 12 months) may have their points forfeited.

• Speed reserves the right to terminate the rewards program at any time with reasonable notice. Speed may terminate user’s participation in the program for violation of these Terms & Conditions.

• Speed makes no warranties, express or implied, regarding the value or stability of points or Bitcoin SATS. Speed is not responsible for any loss or damage arising from user’s participation in the program.

• Any disputes arising out of or relating to the rewards shall be resolved in accordance with Section 16.

• Speed reserves the right to modify, discontinue or introduce new rewards at any time by posting the amendment on the Speed website.

22. Subscription Plans:

• Speed Wallet offers subscription plans that unlock enhanced features and exclusive benefits. These plans are available for purchase through the Google Play Store and Apple App Store, and are governed by their respective payment and subscription policies.

• Subscriptions are billed automatically at the start of each billing cycle (e.g., monthly, semi-annually) to your Google or Apple account. Unless auto-renewal is turned off, your subscription will automatically renew at the end of each billing cycle. You can manage, modify, or cancel your subscription by accessing the subscription settings in your Google Play or Apple ID account.

• Speed Wallet may offer discounted introductory pricing or promotional offers to new or selected users. These offers are available only once per eligible user, unless otherwise permitted by the platform. And it is subject to eligibility criteria as defined by Google Play, Apple App Store, or Speed Wallet (for Developer-Determined offers on Android) which cannot be combined with other offers unless explicitly stated.

• All purchases are processed through Google Play or Apple App Store. And such Refunds are not issued by Speed Wallet. Refunds or billing disputes must be handled according to Google or Apple’s refund policy. We do not issue partial refunds for unused subscription periods or early cancellation.

• If any user initiates a refund, Speed Wallet has already considered this as the user’s consent to share relevant consumption, account, and subscription usage data with Google or Apple to support the refund evaluation process.

• Access to premium features is only available with an active subscription.If your subscription: Is canceled or expires, access to paid features will be revoked at the end of the current billing period. If it is renewed, you will regain full access to subscription benefits.

• Speed Wallet reserves the right to: Modify, discontinue, or introduce new subscription plans or pricing. Make changes effective from the next billing cycle, unless otherwise communicated.

• Users found exploiting promotional offers or circumventing eligibility restrictions may have their access suspended or revoked. Speed Wallet reserves the right to limit eligibility for certain plans or features based on user history, behavior, or country.

23. Updation of terms:

Speed reserves the right to update, amend or modify these terms and conditions from time to time. The revised version shall be posted on the website. The continued usage of services by the user will imply that the user has accepted the revised terms and conditions. Users are encouraged to review this page time to time to stay informed of any changes.