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Terms of Use

Last Updated: May 25, 2024

1. Acceptance of Terms

These Terms of Use constitute a legally binding agreement between you and TorrentSwap governing your access to and use of the website at torrentswap.com and its related services, including our cross-chain cryptocurrency swap platform (collectively, the "Service").

By accessing or using our Service, you agree to be bound by these Terms. If you do not agree to these Terms, you may not access or use the Service.

2. Service Description

TorrentSwap provides a platform that enables users to swap cryptocurrencies across different blockchain networks without requiring Know Your Customer (KYC) verification. Our Service is designed to be privacy-focused and non-custodial, meaning we do not take custody of user funds during the swap process.

The Service currently supports swaps between the following blockchain networks: Bitcoin, Ethereum, Solana, Arbitrum, Polkadot, and others as listed on our website.

3. Eligibility

To use the Service, you must be at least 18 years old and have the legal capacity to enter into a binding agreement. By using the Service, you represent and warrant that you meet these requirements.

You are responsible for ensuring that your use of the Service complies with all laws, regulations, and rules applicable in your jurisdiction. The Service may not be available or appropriate for use in certain jurisdictions.

4. User Obligations

In using our Service, you agree to:

  • Provide accurate and complete information when conducting swaps
  • Verify all wallet addresses before confirming transactions
  • Understand the risks associated with cryptocurrency transactions
  • Not use the Service for any illegal or unauthorized purpose
  • Not attempt to interfere with, compromise, or disrupt the Service
  • Bear responsibility for all activities conducted using your wallet or on your devices

5. Risks and Disclaimers

5.1 Cryptocurrency Risks

You acknowledge and agree that cryptocurrency transactions involve significant risks, including but not limited to:

  • Price volatility
  • Potential loss due to error in wallet addresses
  • Blockchain network delays or failures
  • Smart contract vulnerabilities
  • Regulatory uncertainty

We do not provide investment advice and make no representations regarding the advisability of any transaction.

5.2 Service Availability

We strive to maintain the Service's availability, but we do not guarantee that the Service will be available at all times or that it will be error-free. The Service may be subject to limitations, delays, and other problems inherent in the use of the internet and electronic communications.

5.3 No Warranties

THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

6. Transaction Execution

When you initiate a swap through our Service:

  • You authorize the execution of the transaction as specified in your swap details
  • You understand that blockchain transactions are generally irreversible
  • You acknowledge that transaction times depend on blockchain network conditions
  • You accept the exchange rate provided at the time of the swap confirmation

We may decline to process or cancel a transaction if we suspect it violates these Terms or applicable laws.

7. Fees and Rates

Our Service charges fees for processing swaps. These fees include:

  • Service fee (2% of the transaction amount)
  • Network fees for the relevant blockchains

All fees are displayed before you confirm a swap. Exchange rates are determined based on current market conditions and liquidity available at the time of the swap. Rates may fluctuate between the time you receive a quote and when your transaction is executed.

8. Prohibited Activities

You may not use the Service to:

  • Conduct or facilitate any illegal activities, including money laundering, terrorist financing, or fraud
  • Violate any applicable laws, regulations, or sanctions
  • Infringe upon the rights of others
  • Disrupt, damage, or gain unauthorized access to the Service or any related systems
  • Attempt to bypass or manipulate our fee structure or exchange rates
  • Use the Service in any manner that could interfere with, disrupt, negatively affect, or inhibit other users

9. Intellectual Property Rights

The Service and its original content, features, and functionality are owned by TorrentSwap and are protected by international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.

You may not copy, modify, create derivative works from, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Service without our prior written consent.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL TORRENTSWAP, ITS AFFILIATES, OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, THAT RESULT FROM THE USE OF, OR INABILITY TO USE, THE SERVICE.

IN NO EVENT SHALL OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS RELATED TO THE SERVICE EXCEED THE AMOUNT OF FEES PAID BY YOU TO TORRENTSWAP DURING THE THREE (3) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO SUCH LIABILITY.

11. Indemnification

You agree to defend, indemnify, and hold harmless TorrentSwap and its officers, directors, employees, and agents from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the Service.

12. Modifications to the Service and Terms

We reserve the right to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. We shall not be liable to you or to any third party for any modification, suspension, or discontinuance of the Service.

We may revise these Terms from time to time. The most current version will always be posted on our website. By continuing to access or use our Service after revisions become effective, you agree to be bound by the revised Terms.

13. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which TorrentSwap is established, without regard to its conflict of law provisions.

Any dispute arising out of or in connection with these Terms, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration under the rules of a recognized arbitration institution, and the number of arbitrators shall be one. The seat, or legal place, of arbitration shall be as specified in our company registration.

14. Severability

If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

15. No Waiver

Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect.

16. Entire Agreement

These Terms constitute the entire agreement between you and TorrentSwap regarding our Service and supersede all prior and contemporaneous agreements, proposals, or representations, written or oral, concerning the Service.

17. Contact Information

If you have any questions about these Terms, please contact us at:

Email: legal@torrentswap.com

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