crypt.pe — Crypto Risk Disclosure

Effective Date: 30 May 2026 Last Updated: 12 September 2026 Operator: 3-102-969985 S.R.L. (Sociedad de Responsabilidad Limitada), registered with the National Registry (Registro Nacional) of Costa Rica. Domicile: Escazú, San José, Costa Rica.

Before using crypt.pe, please read and understand the following risks of receiving cryptocurrency. By using the Service, you confirm that you understand and accept each of these risks. If you do not understand a risk listed below, do not use the Service until you do.

1. Price volatility

The market value of cryptocurrency can change rapidly and dramatically — sometimes by tens of percent within minutes, occasionally by more. Between the moment a payment is sent and the moment it is confirmed on-chain, the USD-equivalent value of that payment can rise or fall significantly. The Service displays prices from third-party feeds and provides ±2% tolerance windows on order matching, but we cannot guarantee that the value of cryptocurrency you receive will hold its expected USD purchasing power.

Stablecoins (USDT, USDC, and similar tokens) are intended to track the US dollar but may de-peg, lose redeemability, or temporarily trade outside their target value due to market or regulatory events. Stablecoin issuers can also freeze specific addresses; the Service has no control over such actions.

2. Irreversibility of transactions

Cryptocurrency transactions are generally final and irreversible once confirmed on-chain. There is no chargeback, no clearing-house reversal, no "stop payment", and no escrow built into the underlying protocols. crypt.pe cannot reverse a transaction. Blockchain settlement may nevertheless remain probabilistic until the network reaches an appropriate confirmation or finality threshold, and some networks may experience reorganisations (see Section 5).

This means that:

• If a sender pays a wrong address, funds cannot be recovered.
• If a sender uses the wrong network or wrong token standard, funds may be permanently lost in inaccessible address space.
• If you display a wrong address on your profile, payments to that address are not retrievable by you or by us.
• If you give your private key or seed phrase to anyone, the funds in that wallet are no longer yours.

The Service does not, and cannot, reverse an on-chain transaction.

3. Wallet security is your responsibility

You are the sole custodian of your private keys. If you lose your seed phrase, lose your hardware wallet, expose your private key to malware, fall victim to a phishing attack, or sign a malicious smart-contract transaction, you may lose access to all funds in that wallet — permanently.

Practical recommendations (not legal advice):

• Use a reputable wallet that lets you control your own keys.
• For non-trivial balances, consider a hardware wallet.
• Back up your seed phrase offline; never store it in cloud storage, email, photos, or password managers that sync to the cloud.
• Never share your seed phrase or private key with anyone, including anyone claiming to represent crypt.pe. We will never ask for these.

4. Network and infrastructure risk

Cryptocurrency networks are software systems. They can experience:

• Congestion, leading to delayed confirmations or temporarily high gas fees.
• Chain reorganisations, where blocks (and transactions inside them) are reverted shortly after confirmation. For small payments on layer-2 networks this is normally a non-issue; for large payments on certain chains it is a real risk and you should wait for additional confirmations.
• Outages or downtime of the underlying chain, indexer, or third-party infrastructure (such as Alchemy) that the Service depends on for transaction notifications.
• Bridge or wrapping failures for assets that exist as wrapped representations on a non-native chain.
• Smart-contract bugs in token contracts (including stablecoins), DEX routers, or other on-chain components.

The Service does not warrant the uptime, correctness, or behaviour of any third-party network or contract.

5. Regulatory uncertainty

The legal treatment of cryptocurrency varies materially between countries and is changing rapidly. A token, chain, or use-case that is legal in your jurisdiction today may become restricted, taxed differently, or prohibited tomorrow. Receiving cryptocurrency may create tax-reporting obligations in your country. The Service does not provide tax or legal advice, and we recommend you consult a qualified advisor for your situation.

Some cryptocurrencies (privacy coins, certain stablecoins, certain tokens) are restricted or banned in certain jurisdictions. You are responsible for ensuring that the assets you receive are lawful for you to hold and for your sender to send.

Position in Costa Rica. The Central Bank of Costa Rica (BCCR) has stated that cryptocurrencies are not legal tender (curso legal) in Costa Rica, are not backed by the State, and that persons who use them do so at their own risk. In addition, Costa Rica adopted a registration regime for custodial virtual asset service providers under Article 15 quáter of Law No. 7786 (Legislative Decree No. 10961, 2026), supervised by SUGEF for AML purposes. That regime is a registration requirement for providers who hold or control third-party assets — it is not a state guarantee, insurance, or endorsement of any cryptocurrency.

6. Counterparty and sender risk

Because the Service does not perform KYC on senders (see our AML and KYC Notice), and because cryptocurrency itself is pseudonymous, you may receive funds from addresses about which you know very little. While the funds themselves are real, the originating activity could be subject to legal review in the sender's jurisdiction.

If you operate a business that accepts cryptocurrency from many counterparties, consider whether KYC/AML obligations apply to you as the recipient under the laws of your jurisdiction.

7. Smart-contract and token risk

When you accept a token that is implemented as a smart contract (for example USDT, USDC, or any ERC-20/SPL-token/TRC-20), you are exposed to the risk that:

• the token contract is upgraded by its issuer in ways that affect transferability or value;
• the issuer freezes specific addresses (including potentially yours);
• the contract contains an undiscovered bug;
• the issuer becomes insolvent or loses redeemability for the underlying asset.

The Service simply observes balances and transfers; it does not insure or guarantee any token.

8. No deposit insurance

Crypto assets held in a self-custodial wallet are not generally protected by government bank-deposit insurance schemes, investor compensation schemes, or government guarantees — there is no equivalent of FDIC, FSCS, or DICGC coverage, and no protection from Costa Rican deposit-guarantee mechanisms or from the BCCR. Private insurance or third-party protections, where available, may contain exclusions and should not be assumed to cover a particular loss. If your wallet is compromised or you lose access to it, there is normally no claim process and no insurer.

9. Liability is yours

You alone accept the risks listed above. By using the Service, you confirm that you understand these risks, that you have evaluated whether the use of cryptocurrency is appropriate for your circumstances, and that the Company is not liable for any loss arising from any of these risks, to the maximum extent permitted by applicable law. Nothing in this disclosure excludes or limits liability or rights that cannot legally be excluded or limited, including mandatory consumer, privacy and data-protection rights.

10. Contact

Questions: legal@crypt.pe.

© 2026 3-102-969985 S.R.L. · Escazú, San José, Costa Rica.