<h1>General Risk Warning</h1>

These General Risk Warning came into force on the 05 of December 2024. 

SimpleSwap does not provide any personal advice or monitoring services related to your investment decisions, transactions or activities. It is extremely important to understand that you bear the full responsibility for your financial decisions, understanding the financial risks related to trading cryptocurrencies, monitoring your investments and for any financial losses incurred in the process of trade. SimpleSwap will not be held liable for any losses you may incur as a result of your cryptocurrency transactions. Please be aware of the following risks:
<h2>Financial Risks</h2>
Currency risk. Cryptocurrency value can be very unstable and affected by changes in currency exchange rates. These changes can have a big impact on your cryptocurrency investments, leading to large gains or losses. You take on all risks associated with currency exchange rate changes. SimpleSwap does not offer any insurance or guarantees against such risks and is not responsible for any losses from currency exchange rate changes.
Potential Financial Loss. Cryptocurrency trading is risky and can result in big financial losses. The price of cryptocurrencies can change very fast and unexpectedly, going up or down in a very short time. Given cryptocurrency markets operate 24/7, rapid price changes can occur at any time.
Liquidity Risks. Digital assets might have limited liquidity meaning that it may be harder to sell or trade them at your desired price or when you want to. During periods of high market stress or volatility, these limitations may become particularly strong. You are solely responsible for managing your assets and making decisions based on your understanding and tolerance of such liquidity risks.
Irreversible Transactions. Once you have made a cryptocurrency transaction, it is final. If you make a mistake, like sending cryptocurrencies to the wrong address, it cannot be corrected or recovered. It is your responsibility to make sure your transactions are accurate. SimpleSwap cannot help recover cryptocurrencies sent by mistake and is not responsible for any losses from transaction errors.
<h2>Fraud and Scam Risks</h2>
Exposure to Scams and Fraudulent Activities. The cryptocurrency market is vulnerable to scams and fraud. There are various types of fraud, including ponzi schemes, pump and dump strategies, fake initial coin offerings, fake airdrops, and many others. It is important to stay informed about these scams and be careful when buying or selling cryptocurrencies. SimpleSwap maintains rigorous security measures to prevent fraud, but cannot guarantee absolute immunity from scams.
User's Responsibility in Avoiding Scams. You are responsible for conducting your own research and due diligence checks before making any transactions. This includes researching specific crypto assets, understanding its underlying technology, evaluating its potential risks and rewards. Always be cautious of unsolicited offers and double-check all transaction details. Any losses from scams or fraudulent schemes will be your own responsibility.
Fraudulent Transactions. The irreversible nature of cryptocurrency transactions is a double-edged sword. While it adds security in terms of transaction finality, it also means that if you fall victim to a scam or fraud, it is nearly impossible to retrieve the funds. You need to make sure the recipient is authentic and legitimate before making any transaction.
Legal Consequences. Depending on the jurisdiction, involvement in fraudulent activities (even unintentional) may lead to legal consequences. responsible for understanding and following your local laws. SimpleSwap will not be held liable for any legal consequences faced due to user involvement in fraudulent activities.
<h2>Technological and Cybersecurity Risks</h2>
Security Risks. Cryptocurrencies rely on blockchain technology, which is complex and new. There might be unseen issues within this technology that could affect transactions. The nature of digital assets and their technologies expose users to various inherent risks, such as technology failures, irreversible transactions, the potential for assets to become obsolete, and vulnerability to cyberattacks. SimpleSwap endeavors to provide a secure platform for transactions, but it cannot guarantee complete immunity from all security risks. You, as a user, bear the responsibility of maintaining the security of your account, including safeguarding your password and other account information. Any losses resulting from unauthorized or fraudulent transactions due to a breach of your account security fall within your responsibility.
Cybersecurity Threats. Hackers are always trying to find ways to steal users' cryptocurrency assets. This can range from phishing attempts to more sophisticated cyber attacks. While SimpleSwap has strong security measures, it's vital that you, as a user, also practice good cybersecurity habits. This includes updating your software regularly, using strong and unique passwords, enabling two-factor authentication, and being careful of suspicious emails or messages. You will be responsible for any losses from cybersecurity breaches.
<h2>Operational Risks</h2>
Dependence on External Exchanges. SimpleSwap operates as a platform to connect users with various cryptocurrency exchanges but does not have control over these external exchanges. If something goes wrong on the part of these exchanges, it could affect your transactions. You acknowledge and understand the operational risks associated with the use of external exchanges. SimpleSwap will not be responsible for any losses due to problems at these external exchanges.
Availability Risk. We do our best to provide continuous access to SimpleSwap services but do not guarantee uninterrupted availability. Services may be disrupted due to unplanned service outages, network congestion, maintenance, or other unexpected events. SimpleSwap will not be responsible for any losses or damages resulting from service interruptions.
Third-Party Risks. The provision of SimpleSwap services may involve third parties, like payment providers or custodians. As a user, you may be subject to the terms and conditions of these third parties and may bear the risk of any loss these entities may cause. SimpleSwap will not be responsible for any losses or damages from the actions of these third parties.