The Terms of Use define the connection between you (referred to as 'User' or 'You') and our Services, including the entire technology platform incorporated into the Rapidswap.org website ('Website'), along with the related application program interface and mobile applications. These terms serve as the complete agreement that governs the use of any of our Services.
RapidSwap LLC ('We,' 'Us,' 'Service Provider') manages the operation of the Services.
Please do not access or use the Services if you do not agree to abide by these Terms of Use.
We reserve the right to make changes to these Terms of Use without prior notice. It is recommended to review them periodically. By continuing to use the Services, you are agreeing to any changes we may make to the Terms of Use, even without prior notification.
By using the Services, you agree that electronic communication is the only recognized method of communication under these Terms of Use. All notifications and documents will be sent to your email address, and you must send any notifications and documents to us using the same method.
These Terms of Use represent the full agreement between the parties on the topic discussed and replace any previous agreements or discussions on the matter. By agreeing to these Terms of Use, you confirm that all information provided to us is accurate, truthful, and complete.
The Services may involve the use of third-party products and services, which you must abide by the terms and conditions and privacy policies of the third party. It is your responsibility to regularly review these terms before using any third-party products and services. Please note that any information, token, or digital currency swap and exchange functions available on or through the Services are provided by third parties and are not our products. We do not facilitate swaps or exchanges, nor do we store any form of e-money, stored value, digital coins, or tokens.
By using the Services and continuing to use them, you acknowledge the following:
By using our Services, you agree to provide us with current, accurate, and complete information about yourself. You also agree to comply with Anti-Money Laundering/Know Your Customer (AML/KYC) procedures as necessary. It is your responsibility to keep your user information up to date and inform us of any security concerns. You acknowledge that some third-party providers may require additional AML/KYC procedures, and the Service Provider is not responsible for any related issues, including data protection and retention.
By using our services, you declare that you are not a Politically Exposed Person, or closely associated with one, and that you are not on any trade or economic sanctions lists. You also confirm that you are not prohibited from trading by any regulatory agencies. If you are located in countries such as Bangladesh, Bolivia, Cuba, Crimea, Iran, North Korea, Sudan, Syria, United States (or its territories), or any other countries under UN sanctions, or if local laws prevent you from using our services, you agree not to proceed. Violation of these terms may result in rejection of your transaction instructions and mandatory withdrawal of all crypto assets from our platform.
Moreover, you state, promise, and assure that you will abide by all laws, contracts, intellectual property rights, and respect the rights of third parties, and avoid committing any wrongful acts. You recognize that you are fully accountable for your actions when utilizing the Services.
If you are utilizing the Services on behalf of an entity, you confirm that the entity is properly organized and legally operating under the laws of its jurisdiction and that you have the authority to agree to the Terms of Use on its behalf. The entity agrees to be held accountable by us in the event that you breach the Terms of Use.
You are responsible for ensuring that you do not engage in illegal activities using the Services, including but not limited to gambling, fraud, money laundering, terrorist activities, or any other illegal activities. You must obtain our prior written consent before using any automated means or developing third-party applications that interact with our Services. It is strictly prohibited to provide false, inaccurate, or misleading information, as well as to encourage or induce any third party to engage in prohibited activities.
You also guarantee that you can cover all expenses related to accessing and using the Services.
By agreeing to these terms, you give us permission to send you commercial information through email, SMS, mobile notifications, or your mailing address.
The Services provided are meant to gather and provide information on cryptocurrencies, utility tokens, digital coins, initial offerings that are not securities or securities-tokens, and other pertinent details related to digital currency. This includes APIs, widgets, plugins, extensions, patches, event listings, information purchases, token swap functionalities (provided by third parties), updates, third-party products (such as applications, widgets, coins, and tokens), and any other services and products offered by the Service Provider, either alone or in partnership with third parties.
Our Services include our API, which can be used at no cost as long as you follow these Terms of Use, and third-party services/products like token swaps and identification protection. You must comply with the terms and conditions of these third-party services. We do not provide any warranties, express or implied, about our Services. It is recommended that you research, consult with experts, and ensure that our Services and the terms of third-party providers are suitable before using them. Your use of our Services, including third-party ones, is at your own risk and discretion.
The Service Provider does not create or manage any Virtual Currency ('VCs'). Instead, it serves as a bridge between Users and different Virtual Currency exchange platforms worldwide by using External Websites. The Services aim to simplify the process of buying and selling VCs by connecting Users with External Websites through the Website.
All fees mentioned in the Services are monetary figures. Users must make payments through the Services using VCs exclusively.
The Service Provider only acts as an intermediary for the Services offered and does not have control over the generation, distribution, retention, or termination of VCs, nor does it control their market volatility.
We do not provide any warranties, whether explicit or implied, for our services. Although we aim for uninterrupted service, we cannot guarantee continuous access and there may be delays, failures, errors, omissions, or loss of transmitted data. We will make reasonable efforts to maintain normal service access and may temporarily suspend usage for maintenance, giving advance notice whenever feasible.
External Websites: The Services may contain links or references to External Websites, which are websites or resources beyond our control. Service Provider offers these links, including APIs to virtual currency exchanges, for convenience only and does not make any representations about the content or security of External Websites. We do not guarantee the availability or content of External Websites. Users should review the terms of use and policies of External Websites before using them. Service Provider is not liable for third-party content accessed through the Services, and users bear all risks related to such content or trading virtual currencies on External Websites.
The Services are meant only for your personal use and not for commercial purposes.
These are only intended for general informational purposes and should not be used for trading or investment activities, or to address your individual financial or other needs.
Failure to comply with any part of these Terms of Use, the referenced terms or policies, or any applicable law may result in prevention or suspension of your access to the Services.
If you notice any unauthorized use of the Website or Services, please notify us immediately by emailing [email protected]. Users who violate these Terms of Use may be restricted from accessing the Services and held accountable for any losses suffered by the Service Provider or other users of the Website.
You agree to abide by all laws, statutes, ordinances, and regulations of any jurisdiction when using the Website or our Services. You must not exchange VCs acquired through illegal means using the Services, and you must not engage in any illegal activities such as money laundering, illegal gambling, terrorist financing, or malicious hacking. It is your responsibility to ensure that the source of any VCs exchanged is legitimate and known by us.
The Service Provider functions as an information intermediary and aggregator for multiple virtual currency exchanges. Should any technical or manual errors occur, the Service Provider will strive to rectify them, including errors related to transactions and records. You will be notified promptly of any corrections made. If these corrections lead to liability for you, it is your responsibility to cover that liability.
The Service Provider has a zero-tolerance policy for the misuse of its Services for unlawful activities. Users engaging in such behavior will have their access restricted and their activities reported to regulatory authorities. The Service Provider will actively monitor and report any suspicious activities to facilitate investigations and potential prosecution of the user involved.
Using technologies to hide their IP addresses or transaction details is not allowed for users.
Creating or sharing technologies that go against, or could help in breaking, the rules stated here is completely prohibited. This includes technologies created to hide IP addresses or obscure transaction information.
Users are required to provide accurate information to the Service Provider and not misrepresent or mislead in any way. Please be aware that all information may be shared with regulatory or legal authorities, and users are solely responsible for the accuracy of the details given. Legal action may be pursued for any false or incorrect information provided.
We recommend that users refrain from participating in any questionable activities while using the Services. If a user engages in suspicious or significant transactions, the Service Provider may, at its discretion, disclose the user's IP address to the appropriate authorities for verification purposes and may suspend transactions or restrict access as needed.
However, if the Service Provider determines in its sole discretion that the source of any Virtual Currency (VC) is illegal or suspicious, it may retain and confiscate all VCs associated with such illicit or suspicious activity.
The Services provide information about the Service Provider, including products, services, APIs, applications, cryptocurrency and token prices, market values, rankings, trade volume data, new ICOs, and other aspects of digital currency. This information is general and should not be relied upon for any purpose. It is recommended to conduct your own checks and seek professional advice before making trades, investments, or swaps, as the content does not constitute trading or investment advice. The Service Provider offers the content and third-party products based on information obtained from third-party sources, such as token swap functionalities.
Once Virtual Currency (VC) transactions are initiated and processed on the network, they are final and cannot be cancelled, modified, or reversed.
The value of VCs is prone to rapid and unpredictable changes, which can lead to either a rise or fall in the value of the VC you receive post-conversion. VCs are susceptible to substantial fluctuations and could potentially become worthless, carrying inherent risks of financial losses when buying, selling, or trading in VCs. It is important to note that the valuation and price of VC may alter before or during a transaction, and users should be aware of these potential changes. The Service Provider holds no responsibility for any variations or fluctuations in the value of VCs.
Venture capitalists function as an independent and predominantly unregulated global network for transferring value between private entities, without the support of any government or physical assets, potentially subjecting them to risks uncommon in traditional currencies.
Since VC operates as a digital cash system overseen by a peer-to-peer network, there exists a potential for dwindling trust in VC trading, with its value determined by a supply and demand economic framework.
There may be additional risks that are not explicitly outlined in these Terms of Use that users should assess to determine if their financial situation and risk tolerance are appropriate for purchasing, selling, or trading VCs.
The Service Provider is not responsible for fluctuations in market rates that may result in trade transactions being executed at rates different from those indicated on the Services during periods of high volume, illiquidity, fast movement, or volatility in the marketplace for any crypto assets.
The rates supplied via the Services are not to be construed as investment or financial advice, and should not be relied upon for making investment decisions or legal arguments. Users are advised against assuming the accuracy or reliability of the rates information.
The Services operate on an 'execution only' basis, meaning we solely follow your instructions without offering guidance or assisting in mitigating losses. It is recommended that users seek their own financial, legal, taxation, and other professional advice.
Taxes. It is the users' responsibility to ensure they comply with all current tax laws in their place of residence, including reporting and paying any applicable taxes on transactions. The Service Provider is not responsible for determining or collecting taxes on transfers, and does not act as a tax agent for users.
The Services are provided on an 'as is' and 'as available' basis. We do not make any express or implied warranties, including but not limited to merchantability, fitness for a particular purpose, and non-infringement, unless explicitly stated in these Terms of Use. We cannot guarantee the reliability, timeliness, quality, suitability, or availability of the Services. We do not guarantee that the Services will be uninterrupted or error-free, and we cannot ensure the quality, suitability, safety, or ability of third-party providers. By using the Services, you agree that any risks associated with their use, as well as any services or goods requested through them, are solely your responsibility to the maximum extent permitted by law.
Under no circumstances shall we, our directors, officers, members, employees, or agents be held liable for indirect, incidental, special, exemplary, punitive, or consequential damages, including lost profits, lost data, personal injury, or property damage arising from or in connection with the use of the Services, regardless of our negligence (whether active, affirmative, sole, or concurrent).
We, our directors, officers, members, employees, or agents shall not be liable for any damages, losses, or liability related to your use of the Services, inability to access or use the Services, transactions with third-party providers, or delays in performance beyond our reasonable control.
Under no circumstances shall our total liability, whether in contract, warranty, tort (including negligence, whether active, passive, or imputed), product liability, strict liability, or other theory, arising from or in connection with the use of, or inability to use, or these terms exceed five thousand US dollars.
The Service Provider does not guarantee the accuracy of the Website content or services and makes no claims regarding their quality or effectiveness. Users are advised to conduct their own due diligence before using the services or entering into transactions on the Website, as all risks and liabilities are assumed by the user.
All content on the Services is protected by various intellectual property rights, including copyright, design rights, and trademark rights. These rights belong to the Service Provider, are licensed to the Service Provider, or are allowed for use by the Service Provider under relevant laws, whether registered, registrable, or not.
You are not permitted to reproduce, copy, download, decompile, disassemble, extract, store, distribute, lease, time-share, publish, sell, translate, modify, or create derivative works from any part of the content, products, or services displayed on the Website without our prior written consent. Copying, reproducing, duplicating, downloading, modifying, translating, distributing, leasing, renting or dealing with any part of our content or services is strictly prohibited, except for viewing or using for the purpose for which it was made available, as permitted herein.
All names, logos, trademarks, service marks, or brands, whether registered or not, appearing on the Website and the Services belong to either the Service Provider or third parties who have granted permission for their names to be displayed. Use of any of these names for any purpose is prohibited without the prior written consent of the Service Provider.
Unauthorized use of our content may result in legal action being taken against the responsible party.
Limited Use: The Service Provider allows you to use the Services for personal use only, as long as you follow the Terms of Use. You do not have permission to use the content, services, or products for any commercial purposes. Additionally, you are not allowed to modify, copy, distribute, or sell any part of the Services without prior written consent.
The Services may include Third-Party Content, which is owned and operated by the respective third parties and protected by copyright, trademark, and other intellectual property rights as per applicable laws and international conventions. The owners of Third-Party Content retain all ownership and intellectual property rights. We accept no liability for your use of Third-Party Content. Your use of such content is at your own risk and may be subject to additional terms and restrictions set by the third party.
The Services may show advertisements or promotional content from third parties, such as other providers of goods and services. These ads and promotions have not been confirmed or approved by us, do not represent any advice from us, and should not be seen as our endorsement of the advertiser or their products and services.
These Terms of Use can be terminated by either party at any time without cause by providing a written notice of fifteen (15) days to the other party via email. The Service Provider reserves the right to immediately terminate the Services to you without prior notice if you engage in any of the following actions:
You agree to resolve any claims against us individually in the courts of England by accepting the Terms of Use. You are not permitted to bring a class, collective, or representative action against us, nor can you participate in or seek relief under any existing or future class, collective, consolidated, or representative action filed against us by another person.
By agreeing to these Terms of Use, you agree to resolve any dispute, claim, or controversy related to them or your use of the Services in the courts of England. You also explicitly waive your right to a trial by jury and participation as a plaintiff or class member in any class action or representative proceeding.
The Terms of Use and your use of the Services will be governed by the laws of England and Wales.