There are certain risk warnings associated with trading in virtual currency, including but not limited to the following:
The market for cryptocurrencies is still new and uncertain.
It is unpredictable about the rising or falling of the cryptocurrency's market. It may lose all or almost all of its value.
Both long-term traders or short-term traders need to understand it.
Participants should pay more attention to the flow of the market and be cautious about holding the cryptocurrency.
The market for cryptocurrencies has varying degrees of liquidity. Some are quite flowing and some may not.
No one can guarantee an active market to sell, buy or trade cryptocurrencies, or products derived or affiliated with it.
In addition, any cryptocurrencies market may suddenly appear and disappear.
We cannot make any representations or warranties as to whether the numbers that may be traded on this website in the future can be traded on the website.
The legal status of certain cryptocurrencies may be uncertain. This means that the legality of holding or trading them is not very clear.
How one or more cryptocurrencies constitute property, assets or any type of rights does not seem clear.
Participants are responsible for understanding how cryptocurrency is handled, regulated and taxed in accordance with applicable laws.
The intangible and illiquid nature of cryptocurrencies hampers their convertibility and insurability.
According to today's standards, most of the crypto-assets and crypto companies are either under-insured or uninsurable.
Cryptocurrencies also have no “bottom line” for deposit insurance, which helps to increase attractiveness and investor safety.
Except for liquidity risk, the cryptocurrencies market is unstable and may change rapidly.
The value of cryptocurrencies extremely fluctuates, it may be caused by unexpected events or changes in market sentiment.
Some cryptocurrencies you have going up by 100% in a quarter in the past, it also may collapse 100% in one week in future.
So you need to consider how to take profit and pay close attention to the cryptocurrencies you hold.
And pay attention to how they are affected by transactions, other market activities, and other adverse changes.
Depositing cryptocurrencies with any third party creates a corresponding risk.
These risks include security breaches, contract violation risks and loss risks.
Participants should be careful to allow third parties holding their property for any reason.
In addition, there is a risk that total loss due to the exchange account getting hacked.
Therefore, we recommend you to invest in offline cold storage, instead of keeping them in hot wallets in exchange.
When you finance the purchase or sale of cryptocurrencies on a peer-to-peer basis, you run the risk of losing the financing you provided.
Similarly, when accepting financing to enter a trading agreement, you need to accept the Risk of not being able to repay the financing.
Participants should be aware of all the terms of their entry into any contract and the risk factors of how their trading strategies affect their financing obligations.