Introduction
Trading cryptocurrencies involves significant risk and may not be suitable for all investors. By using the Bitquack platform (“Platform”), you acknowledge and accept the risks associated with cryptocurrency trading. This Risk Disclaimer outlines the potential risks and is intended to help you make informed decisions.
Volatility
Cryptocurrencies are highly volatile and can experience significant price fluctuations within short periods. Prices can be affected by various factors, including market demand, regulatory news, technological developments, and macroeconomic trends. You may lose a substantial portion or all of your invested capital.
Market Risks
Liquidity Risk: Some cryptocurrencies may have low trading volumes, making it difficult to buy or sell large amounts without significantly affecting the price.
Market Manipulation: The cryptocurrency market is susceptible to manipulation, which can lead to artificial price movements and increased risk of loss.
Regulatory Risks
Cryptocurrencies are subject to regulatory scrutiny and changes in laws and regulations. Regulatory actions can impact the value, legality, and availability of cryptocurrencies. Bitquack operates in compliance with applicable laws, but regulatory changes may affect your ability to use the Platform.
Technology Risks
Security Risks: While Bitquack employs robust security measures, no system is completely immune to hacking, cyberattacks, or other security breaches. Unauthorized access to your account or the Platform could result in loss of funds.
Technical Issues: The Platform may experience downtime, delays, or other technical issues that could affect your ability to trade or access your account.
No Investment Advice
Bitquack does not provide investment, financial, or legal advice. Any information provided on the Platform is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any cryptocurrency. You are solely responsible for your trading decisions.
No Guarantees
Bitquack makes no guarantees regarding the performance, profitability, or suitability of any cryptocurrency or trading strategy. Past performance is not indicative of future results.
Personal Responsibility
You are solely responsible for:
- Assessing your financial situation and risk tolerance before trading cryptocurrencies.
- Understanding the risks associated with cryptocurrency trading.
- Monitoring your account and transactions.
Limitation of Liability
Bitquack shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with your use of the Platform, including but not limited to loss of funds, profits, or data.
Acceptance of Risks
By using the Bitquack Platform, you acknowledge that you have read, understood, and accept the risks outlined in this Risk Disclaimer. You agree to trade cryptocurrencies at your own risk and accept full responsibility for any losses incurred.
Changes to Disclaimer
Bitquack reserves the right to modify this Risk Disclaimer at any time. We will notify you of any changes by posting the updated disclaimer on the Platform. Your continued use of the Platform after the changes take effect constitutes your acceptance of the revised disclaimer.
Contact Information
If you have any questions or concerns about this Risk Disclaimer, please contact us at: support@bitquack.com