Investing or trading in cryptocurrencies involves significant risks, and you should carefully consider the risks involved before making any investment decision. This risk disclosure statement highlights some of the risks associated with using crypto currency.
Volatility Risk
The value of cryptocurrencies is highly volatile and can fluctuate rapidly, often in response to news, events, or market conditions. As a result, the value of your investments or trades may change dramatically in a short period, and you may lose some or all of your investment.
Market Risk
The crypto market is still relatively new and largely unregulated, and the regulatory landscape is constantly changing. This can create uncertainties and risks for investors, such as the risk of price manipulation or fraud.
Cybersecurity Risk
The crypto market is vulnerable to cyber threats, such as hacking or phishing attacks. Our exchange website takes all possible measures to protect your personal and financial data, but no security system is completely unbreachable. You should take your own security measures, such as using strong password and limiting access of third parties, to protect your account.
Liquidity Risk
The liquidity of cryptocurrencies can be limited. This can make it difficult to buy or sell cryptocurrencies at a desired price, or at all, and may result in losses.
Regulatory Risk
The regulatory environment for cryptocurrencies is complex and constantly evolving. Governments and regulatory bodies may impose restrictions or regulations that can impact the value or accessibility of cryptocurrencies, or the operation of our exchange. Compliance to local legislation, that governs ownership and usage of digital assets, remains client’s responsibility.
Operational Risk
Like any other online platform, our crypto exchange website may experience technical issues, server downtime, or disruptions due to unforeseen circumstances. These events can impact the availability of our services and may result in losses.
Fraud risk
Fraudsters’ and scammers’ practices have become more and more sophisticated. They can sound financially knowledgeable in their direct contact with you, for example, over the phone or via social media. Fraudsters can also have credible-looking websites and materials that are often difficult to distinguish from information provided by authorized financial service providers. Fraudsters do this to trick investors like you into sharing personal data and parting you from your money.
- Do your research.
Check out everything - no matter how trustworthy the person seems who brings the investment opportunity to your attention. Investigate the investment thoroughly and check the truth of every statement you are told about the investment.
- Avoid high-return "risk free" investments.
If an investment seems too good to be true, then it probably is. Be extremely leery of any investment that is said to have no risks; very few investments are risk-free. The greater the potential return from an investment, the greater your risk of losing money. Promises of fast and high profits, with little or no risk, are classic warning signs of fraud.
- Get it in writing.
Be skeptical of any investment opportunity that is not in writing. Fraudsters often avoid putting things in writing, but legitimate investments are usually in writing. Avoid an investment if you are told they do "not have the time to reduce to writing" the particulars about the investment. You should also be suspicious if you are told to keep the investment opportunity confidential.
- Take your time.
Don't be pressured or rushed into buying an investment before you have a chance to think about - or investigate - the "opportunity." Be especially skeptical of investments that are pitched as "once-in-a-lifetime" opportunities, particularly when the promoter bases the recommendation on "inside" or confidential information.
- Be careful online.
Fraudsters are increasingly using the Internet to target particular groups through e-mail spams. If you receive an unsolicited e-mail from someone you don't know, containing a "can't miss" investment, your best move is to pass up the "opportunity"
For more information, please check trustworthy sources, like European Securities and Markets Authority:
https://www.esma.europa.eu/investor-corner/frauds-and-scams
Investing or trading in cryptocurrencies can be highly risky and volatile. You should carefully consider the risks associated with cryptocurrencies and our exchange website before making any investment decisions. We strongly recommend that you seek professional advice and conduct your own research before investing or trading in cryptocurrencies. Our platform does not provide investment consulting or other related services. Operating crypto currency that you bought from us remains your sole responsibility.
