Risk Disclosure


RISK DISCLOSURE FOR INDIVIDUAL INVESTORS             

 

Warning about the risks associated with participating in trading in cryptocurrencies Trading in goods, regardless of whether they are real or virtual goods, just like trading in cryptocurrencies (which are Bitcoin, Litecoin and others) carries a significant risk.

The prices of goods, regardless of their nature or substance, are not permanent and are subject to constant changes. Price fluctuations in turn directly affect the value of assets held by the unit over time. Any good - virtual or not - in a given period can both gain value and become completely worthless. The same principles apply to virtual currencies - so-called cryptocurrency.   

Trading in cryptocurrencies, however, brings with it one more risk, which in principle does not occur in the case of official currencies and commodities trading. In contrast to most currencies, the value of which is somewhat moderated by the government or other legal entities, or finds its support in raw materials, the value of cryptocurrencies is based on the development of technology and trust in the market and its participants. Cryptocurrencies do not have a centralized issuer or an institution controlling its turnover. The value of units of cryptocurrency is determined only by free market mechanisms of demand and supply in exchange services.

Cryptocurrency is not an autonomous benefit, nor does it meet any needs in itself. Its only function is the role of a payment instrument or money exchange medium, which the owner can: exchange for a good or service in a store that accepts payments in cryptocurrencies, transfer it electronically to another person, store it and exchange it in the future with a profit (or loss) resulting from exchange rate differences. Due to the basic functioning of the cryptocurrency trading system, it is susceptible to fluctuations in the level of confidence of trading participants, which directly affects the level of demand or supply.

The level of confidence in cryptocurrencies may be influenced by both purely economic and non-economic factors, including technological ones. Bearing in mind the above, please think carefully about whether the existing level of risk associated with the trading of cryptocurrencies is acceptable to you.

At the same time, in order to avoid any doubts, we hereby inform that using our website from the banking system to make deposits and withdrawals of cash is impossible. The cryptocurrencies themselves are not traded on the banking market.

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