Cryptobit Sp.zo.o ("the Crypto Exchange") is committed to providing a secure and transparent platform for cryptocurrency trading. However, users must understand and acknowledge the risks associated with trading cryptocurrencies. This Risk Warning Policy outlines the potential risks involved in trading digital assets on our platform.
1. Definitions:
- Cryptobit Sp.zo.o ("the Crypto Exchange") - refers to the entity Cryptobit Sp. z o.o. with registered office in Warsaw (00 – 682), Hoża 86/210 Street, for which District Court for the capital city Warsaw in Warsaw, XII Commercial Division of the National Court Register maintains registration files under the following number: 0000979059, NIP (tax identification number): 7011094592, REGON (statistical identification number): 52240763100000 with the share capital of 5.000,00 PLN, with status of micro entrepreneur within the meaning of the Act on combating excessive delays in commercial transactions of 8 March 2013, providing cryptocurrency exchange services.
- Cryptocurrency Trading - the act of buying, selling, or exchanging digital assets on the Crypto Exchange platform.
- Volatility - the degree of variation of cryptocurrency prices over time, representing the potential for significant fluctuations in the value of digital assets.
- Market Risks - risks associated with the dynamic and 24/7 nature of the cryptocurrency market, influenced by factors such as market liquidity, trading volume, and external events.
- Security Risks - potential threats to the safety and integrity of digital assets, including hacking, fraud, and security breaches within the cryptocurrency space.
- Regulatory Risks -risks arising from variations in cryptocurrency regulations across jurisdictions and potential changes in regulations or government policies over time.
- Operational Risks - risks related to technical issues, system failures, and other operational challenges that may impact the availability and functionality of the Crypto Exchange platform.
2. We do not provide investment advice
We don't provide personalized guidance on our products or services. While we might share information, explain transaction procedures, and highlight potential risks, the decision to use our products or services is entirely yours. Any communication or information from Cryptobit shouldn't be seen as investment advice, financial guidance, trading recommendations, or any other form of counsel. It's your sole responsibility to evaluate if any investment, investment strategy, or related transaction suits your specific investment goals, financial situation, and risk tolerance.
3. Volatility
Cryptocurrency prices are subject to significant volatility, and the value of your digital assets may fluctuate rapidly. Influencing factors include market demand, regulatory developments, technological advancements, and macroeconomic factors.
4. Market Risks
The cryptocurrency market operates 24/7, with conditions changing swiftly. Influential factors beyond the Crypto Exchange's control include market liquidity, trading volume, and external events. It is crucial to exercise caution and carefully assess market conditions before making trading decisions.
5. Security Risks
While advanced security measures are in place, the cryptocurrency space remains susceptible to hacking, fraud, and security breaches. Clients are responsible for securing account credentials and safeguarding their digital assets.
6. Regulatory Risks
Cryptocurrency regulations vary by jurisdiction and may change. Alterations in regulations or government policies may impact the legality and availability of cryptocurrency services. You should stay informed about regulatory developments in your jurisdiction and be prepared for potential changes that could affect your trading activities.
7. Operational Risks
Technical issues, system failures, and operational risks may affect the availability and functionality of the Crypto Exchange's platform. The Exchange will make reasonable efforts to address such issues promptly.
8. Service Availability Risk
We cannot ensure that the Cryptobit Services will be accessible at any specific time or remain unaffected by unplanned service interruptions or network congestion. It may not be feasible for you to execute transactions such as buying, selling, storing, transferring, sending, or receiving Digital Assets when desired.
Legal requirements in different countries may impose restrictions on the products and services Cryptobit can lawfully provide. Consequently, certain products, services, or specific functionalities within the Platform may be inaccessible or restricted in specific jurisdictions or regions, or to certain users. Furthermore, Cryptobit campaigns, user competitions, or other promotions may not be open to, or intended for, users subject to such restrictions.
9. Third Party Risk
External entities, including payment providers, custodians, and banking partners, might play a role in delivering Cryptobit Services. Their respective terms and conditions may govern your interaction with these third parties, and Cryptobit may not assume responsibility for any losses incurred due to the actions of these third parties.
10. Fees and Charges
Cryptobit reserves the right to, at its discretion, revise the fees and charges periodically. It's important to stay informed about all applicable costs and charges, as they will impact the profits you derive from utilizing Cryptobit Services.
11. Self-acknowledgement
By utilizing the Cryptobit services, you affirm that you have thoroughly assessed the risks involved in cryptocurrency trading and understand:
- Cryptocurrency values can be highly volatile.
- There is a potential to lose part or all your invested capital.
- Past performance is not indicative of future results.
- The Exchange does not provide financial, investment, or tax advice.
- This document serves as a policy outlining the inherent risks associated with cryptocurrency trading on the Crypto Exchange platform.
This Risk Warning Policy is subject to periodic review and updates. You are encouraged to review this policy regularly for any changes.