Uniswap does not hold or control your crypto funds; you connect your own wallet and Uniswap has no ability to recover your assets if something goes wrong. Your wallet provider's own terms govern that relationship separately.
This analysis describes what Uniswap's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision allocates operational control and liability responsibility to third-party wallet providers rather than Uniswap, establishing that the wallet provider's terms of service govern the user-wallet relationship. It operationally insulates Uniswap from liability arising from wallet-related issues or failures.
This clause confirms that Uniswap is a non-custodial interface and bears no responsibility for the contents of your connected wallet, meaning all asset security responsibility rests with you and your chosen wallet provider.
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"To access the Interface, you must use a non-custodial wallet software, which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service of that third party wallet provider. We do not have custody or control over the contents of your wallet and we have no ability to retrieve or transfer its contents. We accept no responsibility for, or liability to you, in connection with your use of a wallet and make no representations or warranties with respect to how the Interface will operate with any specific wallet.— Excerpt from Uniswap's Uniswap Terms of Service
(1) REGULATORY LANDSCAPE: The non-custodial model described in this clause is relevant to regulatory classification of Uniswap's services. Non-custodial wallet interactions are treated differently from custodial services under FinCEN's money transmission regulations and potentially under state money transmitter licensing frameworks. The SEC's and CFTC's treatment of non-custodial DeFi interfaces continues to evolve, and this clause reflects a deliberate structuring choice with regulatory positioning implications. EU MiCA regulation provides distinct treatment for non-custodial service providers. (2) GOVERNANCE EXPOSURE: Medium. While the non-custodial disclaimer is consistent with the technical architecture of DeFi interfaces, it creates an important risk-allocation outcome for users: no entity is contractually responsible for asset recovery in the event of wallet compromise, smart contract exploit, or user error. Regulatory classification of the interface as a financial service could impose obligations on Uniswap Labs regardless of the contractual non-custodial disclaimer. (3) JURISDICTION FLAGS: Jurisdictions with strict consumer asset protection rules (including certain EU member states and the UK under FCA regulation) may impose obligations on financial service providers regardless of non-custodial structuring arguments. NYDFS regulation of virtual currency businesses may also be relevant for New York-based users or operations. (4) CONTRACT AND VENDOR IMPLICATIONS: Institutional users should ensure that their internal risk frameworks do not assume any Uniswap Labs liability for wallet-level security. Vendor assessments should separately evaluate the security and terms of the specific wallet software used to connect to the interface. (5) COMPLIANCE CONSIDERATIONS: Risk management teams should document the non-custodial nature of the interface and ensure user-facing disclosures clearly communicate that Uniswap Labs cannot recover assets. Compliance teams should also assess whether their use of the interface triggers any internal custody or safekeeping policy requirements.
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This provision allocates operational control and liability responsibility to third-party wallet providers rather than Uniswap, establishing that the wallet provider's terms of service govern the user-wallet relationship. It operationally insulates Uniswap from liability arising from wallet-related issues or failures.
This clause confirms that Uniswap is a non-custodial interface and bears no responsibility for the contents of your connected wallet, meaning all asset security responsibility rests with you and your chosen wallet provider.
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