Risk disclosure
Effective date: 25 October 2026.
Read this before you trade. You can lose the full value of any digital asset you hold or trade.
1. How MUZA works
- Except when you use the bridge as described below, MUZA does not hold the crypto in your wallet. Trades are signed in your own wallet and settle on-chain. The MUZA fee is taken in the transaction and shown before you sign.
- The bridge is the exception. When you bridge in, MUZA holds the tokens you send on their original network while the matching tokens are in your wallet on MUZA Chain. If the bridge fails, bridged tokens on MUZA Chain could lose value.
- Practice has no value. Practice and paper-trading balances cannot be withdrawn and no order reaches a real market.
- No fiat banking. MUZA does not hold or move money in bank accounts; earlier banking history in an account was a simulation and no real money moved. Fiat P2P lets you trade crypto for local currency directly with another user: you pay each other, and the crypto stays in an on-chain escrow until the seller confirms payment. Limit orders are coming soon.
- Identity verification is available through Morency & Co.'s own verification service. If you have not completed identity verification, you may swap up to USD 1,000 per day through MUZA's interface. Fiat P2P requires a verified identity. The current limits are shown in the app.
2. Market risk
Digital asset prices can move sharply in minutes. New tokens such as OYO, BRT and KDAR may have little trading history and thin depth, so prices can be volatile and large trades can move the price. There may be nothing available at the price you want. On MUZA markets, MUZA may decline a trade it cannot fill, and the quote will tell you.
3. On-chain settlement
A confirmed transaction is final. Nobody, including MUZA, can reverse, cancel or refund it. Check the token, amount, network and receiving address before you sign. If the price moves beyond the slippage limit in the quote, the swap fails and the network gas is still spent.
4. Self-custody risk
The Leviathan wallet is self-custody. Its keys are generated in your browser and never sent to MUZA. If you lose your recovery phrase, or someone else obtains it, we cannot recover or reverse anything.
5. Smart-contract and network risk
MUZA Chain, its tokens, the P2P escrow contract and the bridge rely on smart contracts and on MUZA Chain and other networks operating correctly. Software defects, network outages, congestion or attacks can cause delays or losses. Network fees (gas) are paid to the network and are not refundable.
6. Third-party liquidity
Swaps on public networks are routed to third-party liquidity providers. Their availability, pricing and contracts are outside MUZA's control.
7. Bridge risk
Bridging depends on deposits being detected and confirmed on the source network and on MUZA operating the bridge. The bridge may be paused; check the status page first. Sending the wrong asset, using the wrong network, or sending from an address other than the one shown can result in loss.
8. P2P swap board
P2P swaps settle atomically through an escrow contract: both sides complete or neither does. Check the token contract you are receiving; a token with a familiar name may not be the one you expect.
9. Reference prices
Reference prices on this site come from third-party market-data sources. They may be delayed or wrong and are not the price you will get on a swap. The quote before signing is what counts.
10. Regulatory risk
Rules on digital assets differ by country and change often. You are responsible for checking whether you may use this service where you live and for any tax due.
11. No advice
Nothing on this site, including market analysis in the app, is investment, legal or tax advice. Decide for yourself, and only trade what you can afford to lose.