⚠️ Risk Disclosure
When using Transit Finance for swaps or cross-chain transactions, users must understand and accept the risks associated with blockchain and decentralized finance (DeFi). Key risks include:
1. Market Risks
Price Volatility: Digital assets can fluctuate sharply within short periods, causing significant differences between expected and actual outcomes.
Insufficient Liquidity: Assets with low market depth may incur high slippage or partial fills during large trades.
2. On-Chain Execution Risks
Transaction Failures: Due to price volatility, slippage limits, or network congestion, transactions may fail and be reverted on-chain, though network fees (gas) already consumed will not be refunded.
Approval Risks: If unnecessary token approvals are not revoked in time, they may be exploited by malicious contracts.
3. Cross-Chain Risks
Delays: Cross-chain transactions involve multiple blockchains for validation and synchronization, which can take longer and depend on service provider availability.
Bridge Security: As critical infrastructure for inter-chain transfers, vulnerabilities or attacks on cross-chain bridges may result in asset loss.
4. Third-Party Dependency Risks
Transit relies on third-party liquidity sources and cross-chain service providers. Their availability, stability, and security may affect transaction outcomes and user experience.
5. User Security
Private Key / Seed Phrase Safety: Users must safeguard wallet credentials and never disclose them. Transit will never request such information.
Fraud Prevention: Beware of unsolicited contacts via social media or messaging apps, and avoid clicking unknown links or downloading unverified files.
6. Legal & Compliance Risks
Regional Restrictions: Transit Finance does not provide services in jurisdictions where decentralized trading, crypto asset transactions, or cross-chain services are legally restricted.
Compliance Responsibility: Users are responsible for understanding and complying with applicable laws and regulations in their jurisdiction before using Transit services.
Regulatory Changes: Evolving regulations in certain jurisdictions may restrict or prevent continued access to crypto services.
User Liability: Users assume all legal responsibilities and potential losses resulting from violations of local laws. Transit Finance bears no liability for such cases.
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