Terms & Conditions



These terms of use (“Terms” or “Agreement”) set out the rights and obligations you have when you download, access and use our software application Proptee (“App”), no matter which device you use to do so and no matter the operating system you use it on.

The App is offered to you by Proptee Europe UAB, a private limited company registered in Lithuania under company number 305956279, with its registered office at J. Savickio g. 4-7, LT-01108 Vilnius, Lithuania. Proptee Europe UAB is a Virtual Currency Exchange and Wallet Operator authorised by the Financial Crime Investigation Service.

In these Terms, “you”, “your” and “yours” refer to a user and Proptee Europe UAB is referred to as “we”, “us” and “our”. If we refer to our “Site” we mean our website from which you can download our App, accessible via the URL https://proptee.io.

These Terms form a legally binding agreement between you and us. If you are acting in your capacity as a representative of a company, you warrant that you are authorized to enter into this Agreement on behalf of your company and to bind your company.

Applicable terms

When you download our App, you express your acknowledgement and acceptance of our Terms by agreeing to our Terms during the installing process. If you do not agree to any of the provisions of these Terms, please do not use our App. You can always refer back to the most recent version of these Terms by visiting our Site, on which we always display the most up-to-date version of these Terms, or by checking the most recent version in the App.

Our Terms incorporate our Privacy Policy by reference. Our Privacy Policy sets out what personal data we collect from you, how we use it and which rights you have in relation to your personal data. It is important to understand our practices in relation to your personal data, so please take a look at our Privacy Policy at https://proptee.io/privacy.html.


We may amend our Terms from time to time, for example to improve user functionality, add new features or to reflect changes in the law. Therefore, please make sure you check the Terms regularly so that you are aware of any variations made. You can always find the most recent version of our Terms at https://proptee.io/terms.html.

If the changes we make to our Terms materially affect your rights or obligations, we will notify you of such changes in our App or on our Site. Such changes will come into effect 30 days after the notification date. Should you not agree to the changes, you should not continue to use our App. Your continued use of our App after a variation has come into effect, is deemed your acceptance of our revised Terms and you will be bound by the revised Terms.


We may transfer our rights and obligations under these Terms to a third party, for example as part of a sale of all or part of our assets. We will try to give you reasonable notice of such transfer via our Site and we will ensure that such transfer will not prejudice your rights and obligations under these Terms.

You may not transfer your rights and obligations under these Terms under any circumstances without our prior consent. Any such transfer shall be deemed null and void.

Right to use our App (license) and restrictions

For the limited purpose of downloading, accessing and using our App for your personal use, you are granted a royalty-free, non-exclusive, non-transferable, non-sublicenceable and revocable license. This license is subject to your adherence to these Terms and any other terms and policies incorporated in it by reference.

You also have the right to download and install any updates and upgrades of our App.

You must not copy, decompile, reverse engineer, disassemble, attempt to derive the source code of, modify or create derivate works of our App.

You must not sell, resell, lend, rent, lease or redistribute our App.

Any commercial use and any other use not in accordance with our Terms, is strictly prohibited at all times.

There is no restriction to the amount of downloads and uses of our App, so you can download as many copies as you want for as many different operating systems as you like.

You agree not to misuse our App or help anyone else to do so by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorised access to our App, the servers on which our App is stored or any server, computer or database connected to our App. You must not test the vulnerability of our App or breach or otherwise circumvent any security or authentication measures put in place. By breaching this paragraph, you would commit a criminal offence. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities, including by disclosing your identity to them.

Intellectual property rights

We are the owner or the licensee of all intellectual property rights in and attached to our App. This includes, but is not limited to, copyright in and attached to texts, graphics, designs, logos, photos, videos, graphic user interface, and software. Those works are protected by copyright and similar laws and treaties around the world. All such rights are reserved by us. We assert our right to be identified as the author.

Our status and that of any identified contributors as the owners of our App and Site must always be acknowledged. Any indications of ownership must not be removed or otherwise obscured.

Linking to our Site

You are granted the right to publish a hyperlink to our Site but you should refrain from redistributing our App via or otherwise enable users to download our App from another website, unless you have obtained our prior written permission.


We provide our App on an ‘as is’ basis, without warranties of any kind, whether express or implied. The use of our App is at your own risk.

We do not assume liability for any errors, omissions and inaccuracies in the App, the underlying software, and in any content and information available through the App. We do not warrant that our App will meet your requirements or that it is fully compatible with the operating system you use.

We do not guarantee that our App will at all times be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of our App for business and operational reasons. For example, we may need to make changes to reflect our users’ needs and our business priorities. We will try to give you reasonable prior notice of any suspension or withdrawal, unless extenuating circumstances prevent us from doing so.

We do not guarantee that our App will always be secure and free from bugs or viruses. You should use your own virus protection software at all times.

You are solely responsible for configuring your information technology, computer programmes and computer settings to access our App in the best and safest possible way.


Insofar as permitted by applicable law, we do not assume liability for any losses or damages — including for loss of data, loss of profits, loss of business opportunities, loss of goodwill, damages for personal or bodily injury or emotional distress — arising out of or resulting from the use of (or inability to use) our App, the conduct or content of other users or third parties using our App, or otherwise in connection with these Terms. You are solely liable for your use of our App.

It does not matter whether such claims are based on warranties, contract or tort, and whether we are informed of the possibility of such damages before they are incurred.

Notwithstanding the above limitations of our liability, in any event our aggregate liability shall not exceed the amount of EUR 50 per user.

We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees and for fraud or fraudulent misrepresentation.


You agree to indemnify, keep indemnified and hold us and our officers, directors, employees and agents, harmless from and against any claims, liabilities, damages (direct, indirect and consequential damages), losses and expenses (including reasonable legal fees), arising out of or in connection with (a) your breach of these Terms; (b) your improper use of our App; (c) your communication and interaction with other users, and; (d) your breach of any laws, regulations or third-party rights.


We have the right to immediately terminate this Agreement without prior notice and at our sole discretion if you breach any provision of these Terms, any terms incorporated in them by reference, or any other laws or regulations applicable to you. If this Agreement is terminated, you have to stop using our App immediately and delete all copies of our App from your computer promptly. Our right to terminate this Agreement in such an event is cumulative to and does not affect our other rights and remedies.

Entire agreement

This Agreement forms the entire understanding between you and us in regards to the subject matter of this Agreement and supersedes any former understandings, documents or agreements.


Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. Should any provision of these Terms be held invalid or unenforceable for any reason or to any extent in any jurisdiction, such invalidity or unenforceability shall not in any manner affect or render invalid or unenforceable the remaining provisions, and the application of that provision shall be enforced to the fullest extent permitted by law.

Applicable law and jurisdiction

These Terms, their formation and interpretation are construed in accordance with and governed by Lithuanian law.

You may bring proceedings in either Lithuania, as our country of establishment, or, if you reside in the European Economic Area, in your own country of domicile.