Risk Statement

Date:2018-08-30 03:06:24

General Risk Statement on Crypto Assets This Risk Information has been prepared to provide information about the risks associated with Crypto Assets. Transactions in Crypto Assets can lead to significant financial losses. As a result of your trading in Crypto Assets, you can make a profit as well as incur losses and lose all of your investments. Therefore, before deciding to execute your transactions, you should understand and recognize all the risks in the market; You should decide based on your financial situation. Market prices for Crypto Assets can fluctuate unpredictably in a very short time. As a result of the transactions you will perform due to the content of Crypto Assets, you may gain profit as well as risk of loss. Regarding Crypto Assets, there are risks of cyber-attack, theft, various security breaches, restriction of access to the market, electronic or technological failures, termination of network program, withdrawal of developers from the project, depreciation of crypto assets. Therefore, before you decide to trade, you should understand the risks you may face in the cryptocurrency market, and make a decision considering your financial situation and limitations. This Risk Statement aims to inform you about some general risks, trading and transfer of Crypto Assets, Market Risk, Liquidity Risk, Legal Risk, Wallet Risks, special risks regarding the Crypto Asset you will trade, risks arising from the application and services defined in the Terms of Use. It may not cover all possible risks. We recommend that you research and learn the risks of the Crypto Asset you will trade, examine the whitepaper of the relevant Crypto Asset, and then take action if you find it appropriate. Crypto Assets are digitally produced, traded, transferred and are a digital representation of a value. Crypto Assets are not local currencies. Crypto Assets carry their own unique risks, differing from the traditionally known risks associated with national currencies, commodities, securities or other financial instruments. Unlike national currencies, it is not put into circulation by states or official institutions/organizations, unlike securities, it is not issued by governments or public/private institutions/organizations, and there is no underlying asset, unlike commodities, unless otherwise stated. Crypto Assets exist on a network (network) which is generally not legally regulated, which is called distributed (decentralized) and is based on transactions that take place between individuals in an anonymous order, and in an end-to-end encrypted structure with cryptographic methods in order to ensure its integrity. There is no guarantee of liquidity in your Crypto Asset transactions. Depending on the type of the relevant Crypto Asset, the network in which the relevant Crypto Asset is traded, or the market conditions on the Btcix.io platform, the liquidity may increase or decrease in the relevant Crypto Asset, or there may not be a liquid market where you can sell your Crypto Asset. Termination of the network where Crypto Assets are traded, withdrawal of developers from the project, withdrawal of validators (nodes, etc.), depreciation of Crypto Assets, Prohibition of Crypto Assets and / or transactions made in connection with them by any state / official / administrative authorities or legal authorities, There are risks such as the implementation and prevention of measures. It is possible that your conditional orders will not be executed according to the conditions that will occur in the market such as Limit Order or Stop Order, and at the same time, these order types do not have the possibility or guarantee to limit/limit your losses. In addition to the above-mentioned risks, it should be known that there is exchange rate risk in foreign currency-denominated Crypto Assets, there may be depreciation due to currency fluctuations, governments may restrict foreign capital and foreign exchange movements and may impose additional and/or new taxes. Btcix.io does not make any representations or warranties that the listed Crypto Assets will always continue to be traded in the market. Any listed Crypto Asset may be delisted or closed for trading by Btcix.io at Btcix.ios sole discretion and without prior notice. Btcix.io makes no guarantees or commitments that the markets for any Crypto Assets will be active and liquid. Btcix.io does not provide any advice regarding the legality of Crypto Assets for each user, it is Your responsibility to know and understand the legal practice. No wallet service is provided by Btcix.io. Crypto held at Btcix.io Your Assets can be held, mixed and returned in return with Crypto Assets of other users of the Btcix.io platform and/or Btcix.ios own Crypto Assets. Btcix.io; It does not make any commitments or guarantees that the Crypto Assets will be available uninterruptedly and at any time, that they are compatible or will remain compatible with any system and hardware of the User, or that they will work uninterruptedly. At Btcix.ios sole discretion, taking measures such as ceiling-floor price application, mandatory limit order application, closing market orders, maximum order value limit that will partially and/or completely hinder or prevent the market performance of the listed Crypto Asset at any time and for as long as it wishes. and has the right to apply. Btcix.io operates and manages the Crypto Asset trading platform, but is not a counterparty to any of your trading orders unless otherwise stated, therefore, it has no obligation to ensure that the Crypto Assets you will trade will be traded at the prices determined by you or at the prices in the international medium. The purchase and sale prices of Crypto Assets are carried out independently and on the basis of mutual bargaining among the Users, according to their own needs and will, Btcix.io does not have any price guarantee or commitment. Crypto Assets entail risks such as cyber-attacks, theft, exposure to various security breaches, restriction of market access and impediment or prevention of market performance, electronic or technological failures. Btcix.io; It only mediates your Crypto Asset trading and is not the issuer, operator, manager or in any way rights holder of any Crypto Asset. In the event that Btcix.io has a reasonable suspicion that you are doing a suspicious activity, acting against the law or the Terms of Use, or for legitimate reasons; may partially or completely freeze your account for a certain period of time or indefinitely, partially and / or completely prevent transfers in your account, close your account, prevent the use of cash or crypto assets in your account by applying measures. In this case, you cannot make transactions in your account or transfer from your account. There are risks associated with using an internet-based trading system, including but not limited to software and internet connection failure, and it is important to be aware of this. Btcix.io does not accept any responsibility for any communication failures, interruptions, errors, disruptions or delays that you may encounter for any reason while using the Service or Services offered to you. Your Crypto Asset transfers are non-refundable and non-refundable after they have been made. Therefore, it is Your responsibility to check the accuracy of the wallet address to which you will transfer. Before starting your transactions, you need to get information about and agree on all commissions, other fees and expenses you will pay. If fees and expenses are not expressed in monetary terms, you should request a written explanation or statement from Btcix.io with clear examples showing how such fees and expenses will be reflected to you in monetary terms. This Risk Information Form is an annex and an integral part of the User Agreement you have signed/approved with Btcix.io Grintech Software Company.