Trade Policy



1. Introduction

This Trade Policy outlines the terms and conditions under which users may execute trades on Rimoswap. By accessing or using the trading features on Rimoswap, you agree to comply with this policy, which is intended to protect users and ensure a fair trading environment.


2. Types of Trades Supported

Rimoswap supports the following types of trades:

  • Spot Trading: Immediate purchase or sale of cryptocurrency assets at current market prices.
  • Dswap Trades: Peer-to-peer (P2P) trades facilitated by our decentralized swap section.

3. Trading Hours

Rimoswap operates 24/7, and users can execute trades at any time. However, we may occasionally undergo maintenance or upgrades that may temporarily suspend trading activities. Notifications will be provided in advance where possible.


4. Order Types

Users can place the following types of orders:

  • Market Orders: Buy or sell assets at the best available price in the market.
  • Limit Orders: Set a specific price at which you are willing to buy or sell assets. The order will only be executed when the market reaches your specified price.
  • Stop-Loss Orders: Automatically sell an asset when its price falls to or below a specified threshold to prevent further losses.

5. Fees and Charges

Trades on Rimoswap are subject to transaction fees, as outlined in our Fee Structure. The fees apply to both takers (users who place market orders) and makers (users who place limit orders). Rimoswap reserves the right to update its fees at any time.


Examples of Fees:

  • Spot Trades: A [specific percentage] fee is charged per completed transaction.
  • Dswap Trades: A 2% fee is charged for each peer-to-peer transaction.

6. Trading Limits

To ensure the security of funds and platform integrity, Rimoswap has set trading limits based on user verification (KYC) levels. Higher trading limits are available to verified users who have completed full KYC procedures.


Trading Limits by Tier:

  • Tier 1: Unverified accounts have limited trading capabilities.
  • Tier 2: Verified accounts have higher daily and monthly trading limits.
  • Tier 3: Accounts with enhanced verification have access to unlimited trading.

7. Market Manipulation Prohibited

Rimoswap strictly prohibits any form of market manipulation, including but not limited to:

  • Spoofing: Placing fake orders with no intention of executing them.
  • Wash Trading: Engaging in trades with yourself or colluding with others to inflate trade volumes.
  • Pump and Dump Schemes: Coordinating large buy/sell movements to artificially influence prices.

Any users found engaging in these activities may have their accounts suspended or terminated without prior notice, and their funds may be frozen.


8. Order Execution

All orders are executed based on real-time market conditions, and Rimoswap does not guarantee the exact execution price of a market order due to the volatility of cryptocurrency markets.


Partial Fills:

In some cases, your limit order may be partially filled based on market availability. The remaining portion of the order will remain open until it is fully filled or canceled.


9. Risk of Loss

Trading cryptocurrencies involves significant risks, including the risk of losing your entire investment. The price of cryptocurrencies can be highly volatile, and past performance is not indicative of future results. By trading on Rimoswap, you acknowledge and accept the inherent risks and agree to trade responsibly.

Rimoswap will not be liable for any losses arising from trading activities or market fluctuations.


10. Suspension or Termination of Trading

Rimoswap reserves the right to suspend or terminate trading activities under certain circumstances, including:

  • Detection of suspicious or fraudulent trading activity.
  • Compliance with legal or regulatory requirements.
  • Platform upgrades or emergency maintenance.

We will make reasonable efforts to notify users before such suspensions, but immediate action may be taken if necessary.


11. Dispute Resolution

Any disputes arising from trades on Rimoswap will be resolved in accordance with our Dispute Resolution Policy. Users are encouraged to report any issues through our customer support system, and disputes will be addressed on a case-by-case basis.


12. Compliance with Laws and Regulations

Users are required to comply with all applicable laws and regulations when trading on Rimoswap. In particular, users must adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, as mandated by Nigerian law and international standards.


13. Amendments to the Trade Policy

Rimoswap reserves the right to modify or update this Trade Policy at any time. Changes will be communicated to users via email or through the platform. Your continued use of the platform constitutes your acceptance of the revised policy.


14. Contact Information

For any questions or concerns regarding this Trade Policy, please contact us at support@rimoswap.com.

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