The following terminology applies to these Terms and Conditions of Use (our “Terms”),
the Privacy and Transparency Statement, and any and all other agreements between you and us:“Client,” “Customer,” “User,” “You,” and “Your” refers to you, the person accessing SWFT and accepting our Terms.
“The Company,” “SWFT,” “Ourselves,” “Website,” “We,” and “Us” collectively refers to the Internet website SWFT and to its owners, operators, employees, directors, officers, employees, agents, insurers, suppliers, and attorneys.
For the avoidance of any doubt, the contracting parties in our Terms are you and SWFT AG. “Party” refers to either you or us.
In these Terms, unless otherwise specified, words importing the singular include the plural and vice versa and words importing gender include all genders.
“Digital asset,”“asset,” “coin,” “cryptocurrency,” “good,” “ledger entry,” “altcoin,” and “token” refer to blockchain-based software ledger data entries.
By accessing the website, you agree to be bound by our Terms, all applicable laws and regulations,
and you agree that you are responsible for compliance with—and that you are compliant with—applicable law.
If you do not agree with any of our Terms, you are prohibited from using or accessing the Website;
your only recourse is to stop using the Website.
Any use of the SWFT is your deemed acceptance of our Terms as they may be modified and amended from time to time.
Applicable copyright and trademark laws and treaties protect the materials contained in the Website.
You should check back often in case our Terms undergo changes.
By accepting our Terms, you expressly allow us to export data outside of the jurisdiction in which you reside or are located when you access SWFT.
Use of SWFT may carry financial risk, and is to be used as an experimental software utility only. In no event shall SWFT be liable or responsible for any damages, claims, applications, losses, injuries, delays, accidents, costs, business interruption costs, or other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, loss of cryptocurrency or digital assets, work stoppage, data loss, computer failure or malfunction, or any other commercial or other losses directly or indirectly arising out of or related to: our Terms; the Privacy and Transparency Statement; any service of SWFT; the use of SWFT; any use of your digital assets or cryptocurrency on SWFT by any other party not authorized by you (collectively, all of the foregoing items shall be referred to herein as “Losses”). SWFT is hereby released by you from liability for any and all Losses. We disclaim any and all warranties or guarantees, including any warranty of merchantability and warranty of fitness for any particular purpose. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, strict liability, or any other basis, even if SWFT has been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of other remedies. Notwithstanding anything else in our Terms, in no event shall the combined aggregate liability of SWFT for any Loss hereunder exceed 50 RMB.
Cryptocurrency and digital assets are highly experimental and risky.
SWFT’s conversion service attempts to provide accurate price and exchange rate information,
but this information is highly volatile and can change quickly without users necessarily being aware of these changes.
For normal orders (i.e., not “Precise Amount” orders), the exchange rate you receive is calculated at the time your payment is accepted. Due to varying security between blockchains, your payment is typically considered “accepted” at one block confirmation. SWFT may occasionally accept a payment with zero confirmations, though this decision is at SWFT’s sole discretion. It is important to note that a payment being broadcast to the blockchain network does not constitute an acceptance by SWFT of that payment.
Users who are sensitive to the exchange rate they receive should use SWFT’s “Precise Amount” feature,which guarantees an exchange rate for a specified period of time. The User’s payment must be received by SWFT within that period in order to receive the guaranteed exchange rate. Please contact customer support for more information on exchange rates.
Cryptocurrencies, tokens, and digital assets are, by their nature, generally irreversible, and their exchange rates are highly volatile and transitory. We cannot be responsible for any risk in use of the Website, including but not limited to exchange rate risk and market risk. All sales after a SWFT exchange are final.
We and you irrevocably and unconditionally attorn to the non-exclusive jurisdiction, venue, and forum of the courts of Zug, Switzerland, and all courts competent to hear appeals therefrom.
● New York State
● North Korea
Transactions from Users in these jurisdictions are prohibited, and SWFT may seize any funds from Users in these jurisdictions and donate them to a charity at SWFT’s sole discretion. By accessing this site or any services therein, you represent and warrant that you are not physically located in these prohibited jurisdictions.
SWFT and all its services may be used only as a mechanism of software ledger entry translation between the User and SWFT. You are prohibited from using SWFT for the purpose of translating ledger entries with other parties, with the exception of explicit payment for goods and services.
SWFT may revise our Terms at any time and without notice to you or third parties. By using the Website, you agree to be bound by the then-current version of our Terms. We reserve the right to make any changes retroactive.
From time to time, we may need to spend time dealing with issues brought to us by customers. Where any customer issue is not caused by our negligence or oversight, we reserve the right to recover reasonable administrative costs spent addressing the customer issue.
Privacy and Transparency Statement
SWFT respects the privacy of its Users by not requesting any information that is unnecessary for the use of the service or to comport with our obligations under applicable law.
Due to the inherent transparency of blockchains, transactions to and from SWFT are public and easily correlated. Utilizing SWFT to obscure transactions or assets in any way is pointless and stupid. Law enforcement has full access to blockchain information that goes in or out of SWFT’s system.
You accept that SWFT will comply willingly with all legal requests for information from it. We reserve the right to provide information to law enforcement personnel and other third parties to answer inquiries; to respond to legal process; to respond to the order of a court of competent jurisdiction and those exercising the court’s authority; and, to protect SWFT and our users.