To better protect your interests, BitZup advises that trading or investing in the cryptocurrency market involves significant risk. Participation in such activities may result in the loss of all or a substantial portion of your assets. You are strongly encouraged to fully understand these risks and carefully evaluate your personal risk tolerance before engaging in any cryptocurrency trading or investment activities.
A) All terms referenced in this notice that are defined in the BitZup User Agreement (the "User Agreement") shall carry the same meanings and interpretations as outlined in the User Agreement.
B) This Risk Disclosure Statement (the "Statement") is an integral part of the Legal Documents and shall hold the same legal force and effect as those documents
A) This Statement outlines certain risks associated with the use of BitZup Services. Each individual BitZup Service may involve specific risks, which are detailed separately in the relevant Legal Documents. This Statement offers a general, non-exhaustive overview of the potential risks you may encounter when using BitZup Services.
B) Please note that this Statement does not cover all possible risks, nor does it account for how those risks may apply to your individual situation. It is essential that you carefully consider and fully understand the associated risks before deciding to engage with any BitZup Services.
We do not offer advice regarding our Products or Services. While we may provide factual information, details about transaction processes, and general information on potential risks, any decision to engage with our Products or Services is entirely your own. Nothing communicated or made available by us should be interpreted or considered as investment, financial, trading, or any other form of advice. You are solely responsible for assessing whether any investment, strategy, or transaction aligns with your individual financial goals, circumstances, and risk tolerance.
BitZup does not act as your broker, intermediary, agent, or advisor, and does not owe you any fiduciary duty in connection with your trades, decisions, or activities conducted through BitZup Services. We do not evaluate whether your use of our Services aligns with your financial goals or objectives. It is solely your responsibility to determine whether your financial resources are sufficient and whether the Products and Services you choose to engage with are appropriate for your individual risk tolerance.
The taxation of Digital Assets is uncertain and may vary from location to location. You are responsible for determining what taxes you might be liable to, and how they apply, when transacting through BitZup Services. It is your responsibility to report and pay any taxes that may arise from using BitZup Services, and you acknowledge that BitZup does not provide legal or tax advice relative to these transactions. If you have any doubts about your tax status or obligations when using BitZup Services, or with respect to the Digital Assets held in your BitZup Account, you are encouraged to seek independent advice.
Digital Asset trading is subject to severe market risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not in any way an indicator of future performance. The value of an investment and any returns can go down as well as up. You may not get back the amount you have invested, and there is severe risk of losing all of your assets.
Digital Assets may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time and from time to time, including at times of rapid price movements.
BitZup does not guarantee uninterrupted availability of its services at any specific time, nor does it ensure that the platform will be free from unexpected outages or network congestion. As a result, there may be times when you are unable to buy, sell, store, transfer, send, or receive Digital Assets as intended.
In cases where a Digital Asset project undergoes bankruptcy, liquidation, or dissolution, violates applicable laws and regulations, or if requested by the project party, BitZup may delist the associated Digital Asset. Such actions could lead to potential losses for Users. Due to legal and regulatory constraints in various jurisdictions, certain BitZup products, services, or platform functionalities may be restricted or unavailable in specific regions or to certain Users. Consequently, any BitZup marketing campaigns, promotions, or activities are not intended for or directed at Users subject to such restrictions.
Users are solely responsible for understanding and complying with the laws and access limitations that apply in their respective jurisdictions when using the Bitzup Platform and its services. BitZup reserves the right to modify, suspend, or impose further limitations on access to the Platform and its services at its sole discretion, without prior notice.
Third parties, such as payment providers, custodians, and banking partners may be involved in the provision of BitZup Services. You may be subject to the terms & conditions of these third parties. BitZup shall not be held responsible for any loss that these third parties may cause to you.
It is not possible for BitZup to eliminate all security risks. You are responsible for keeping your BitZup Account password safe, and you may be responsible for all the transactions under your BitZup Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.
Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:
Digital Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours. You are solely responsible to ensure constant monitoring of the Digital Asset markets.
When you communicate with BitZup via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.
Currency exchange fluctuations will impact your gains and losses.
Changes in laws and regulations can significantly impact the value of Digital Assets. This risk is unpredictable and may differ across jurisdictions. Additionally, engaging in activities that violate applicable laws or regulations could result in substantial financial losses.
Due to changes in laws, regulations and policies of various countries, the introduction of emergency measures, the implementation of regulatory measures of relevant supervisory departments, and the modification of trading rules of the exchange, etc., all may have an impact on the participants, and the participants must bear the resulting losses.
Any force majeure events beyond the control of the Exchange, including earthquakes, floods, fires, riots, strikes, wars, government regulations, international bans or restrictions, and other unpredictable and unpreventable force majeure events such as power outages, technical failures, electronic failures, etc., may have an impact on the Participant's trading.
This Statement provides a general, non-exhaustive overview of the risks that may arise from your use of BitZup Services. Additional risks may exist that are specific to certain Services or Products. You are strongly encouraged to review the risk disclosures outlined separately in the Legal Documents, including the User Agreement, for a more comprehensive understanding.
I HAVE CAREFULLY READ THIS RISK DISCLOSURE STATEMENT AND FULLY UNDERSTAND AND AGREE TO THE ABOVE RISK DESCRIPTION AND VOLUNTARILY ASSUME THE RISK OF TRADING AND ALL LOSSES THAT MAY ARISE IN THE COURSE OF TRADING.
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