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Wallet & Web3 Disclaimer

Important information about wallet security and Web3 risks

Last updated: January 2024
Security Critical

🔐 CRITICAL SECURITY NOTICE

WE NEVER STORE, REQUEST, OR HAVE ACCESS TO YOUR PRIVATE KEYS OR SEED PHRASES.

You are solely responsible for the security of your wallet and funds. Lost private keys mean permanently lost access to your cryptocurrency. There is no recovery mechanism.

NEVER SHARE YOUR PRIVATE KEYS OR SEED PHRASES WITH ANYONE, INCLUDING US.

Contents

Your Wallet ResponsibilityPrivate Key SecurityCommon Wallet RisksSecurity Best PracticesPlatform Interaction

Your Wallet, Your Responsibility

🔐 Complete Control

Web3 wallets give you complete control over your cryptocurrency, but this also means complete responsibility. Unlike traditional banks, there is no customer service to call if you lose access to your funds.

✅ What We Do

  • • Provide a secure platform interface
  • • Connect to your wallet via standard protocols
  • • Display your wallet's public address
  • • Show transaction history from blockchain

❌ What We DON'T Do

  • • Store your private keys or seed phrases
  • • Have access to your funds
  • • Recover lost wallets or passwords
  • • Reverse or cancel transactions

Private Key & Seed Phrase Security

🚨 NEVER SHARE THESE

  • • Private Keys: The secret code that controls your wallet
  • • Seed Phrases: 12-24 words that can restore your wallet
  • • Wallet Passwords: Used to unlock your wallet locally
  • • Keystore Files: Encrypted wallet files

⚠️ Common Scam Attempts

Fake Support: "We need your seed phrase to help you"
Phishing Sites: Fake websites asking for wallet details
Social Engineering: "Verify your wallet" messages
Fake Airdrops: "Enter seed phrase to claim tokens"

✅ Legitimate Requests

No legitimate service will ever ask for your private keys or seed phrases.MR SWAP and other legitimate platforms only need your wallet to sign transactions, which you approve through your wallet interface.

Common Wallet Risks

💻 Technical Risks

  • • Hardware failure or corruption
  • • Software bugs in wallet applications
  • • Operating system vulnerabilities
  • • Malware and keyloggers

🎣 Social Engineering

  • • Phishing emails and websites
  • • Fake customer support
  • • Social media scams
  • • Impersonation attacks

🔗 Transaction Risks

  • • Irreversible transactions - no "undo" button
  • • Wrong recipient addresses mean permanent loss
  • • Smart contract interactions can be complex
  • • High gas fees during network congestion
  • • Front-running and MEV attacks

📱 Device Security

  • • Lost or stolen devices with wallet access
  • • Unsecured cloud backups
  • • Public WiFi vulnerabilities
  • • Screen recording malware

Security Best Practices

🔒 Wallet Security

  • • Use hardware wallets for large amounts
  • • Enable all available security features
  • • Use strong, unique passwords
  • • Enable two-factor authentication where possible
  • • Keep wallet software updated

💾 Backup Strategies

  • • Write down seed phrases on paper (never digital)
  • • Store backups in multiple secure locations
  • • Use metal seed phrase storage for fire/water protection
  • • Test recovery process with small amounts
  • • Never store backups in cloud services

🔍 Transaction Verification

  • • Always verify recipient addresses
  • • Double-check transaction amounts
  • • Review gas fees before confirming
  • • Understand what smart contracts do
  • • Start with small test transactions

🌐 Safe Browsing

  • • Only use official wallet websites
  • • Bookmark legitimate DeFi platforms
  • • Verify SSL certificates
  • • Be suspicious of urgent messages
  • • Use separate browsers for crypto activities

How MR SWAP Interacts With Your Wallet

🔗 Connection Process

  1. You click "Connect Wallet" on our platform
  2. Your wallet shows a connection request
  3. You approve the connection in your wallet
  4. We can now see your public address and balances
  5. We can request transaction signatures from your wallet

✅ What We Can Do

  • • View your public wallet address
  • • See your token balances (public blockchain data)
  • • Request transaction signatures for trades
  • • Display your transaction history

❌ What We Cannot Do

  • • Access your private keys or seed phrases
  • • Make transactions without your approval
  • • Move funds from your wallet
  • • Recover your wallet if you lose access

⚠️ Transaction Approval

Every transaction requires your explicit approval through your wallet. Always review transaction details carefully before signing. Once signed and broadcast to the blockchain, transactions cannot be reversed.

Your Security Is Your Responsibility

Web3 gives you unprecedented control over your finances, but with great power comes great responsibility. Take the time to understand wallet security and protect your assets properly.

Remember: If something seems too good to be true or asks for your private keys, it's a scam. When in doubt, don't interact with it.