All definitions in this Risk Disclosure Statement have the same meaning as the User Agreement published by CoinW Exchange (hereinafter referred to as "we" or "CoinW"). You should read this Risk Disclosure carefully and make sure you understand the risks involved before using CoinW services (including web and mobile services). If you have any questions, we recommend that you seek professional advice first before agreeing to the terms. The risks listed in this Risk Disclosure Statement are not exhaustive and you should carefully consider whether it is appropriate to invest in digital assets and use CoinW services based on your financial situation and risk tolerance.
Terms:
1. The price of digital assets is highly volatile and there is a high risk involved in investing or trading in digital assets. Digital assets are traded around the clock and are affected by price fluctuations and volatility, so if you cannot effectively control the risk yourself, it is likely that you will suffer partial or even total loss of your funds.
2. Digital assets are not issued by the government, financial institutions, or CoinW. The vast majority of digital assets are currently unregulated and their value and price are not controlled or protected by central banks or other financial institutions.
3. Trading in digital assets and derivatives is extremely risky. The trading of digital asset derivatives is highly leveraged and may lead to rapid profits or losses. And trading in the opposite direction of the price fluctuation of the market can result in large losses. Depending on the extent of the loss, you may be required to make margin calls on digital assets or reduce your position, otherwise the position may be forced to close and you solely bear the full loss caused.
4. Most transactions in digital assets and their derivatives are irreversible and it is your responsibility to protect your account password. You are solely responsible for all transactions under your CoinW account, regardless of whether you authorized them or not, and losses due to fraudulent or unauthorized transactions are not recoverable.
5. The services provided by CoinW are based on computer network technology, blockchain technology and other underlying technologies, and the aforementioned technologies may be subject to failures, defects, hacking, exploitation, errors, protocol failures or other unforeseen risks.
6. You should be particularly aware that proceeds from digital asset and derivative exchanges may be subject to taxes, duties or other charges imposed by the institutions of the relevant jurisdictions. You are responsible for reporting and paying any taxes that may arise from trading through the CoinW service, and you should seek professional advice if you have any questions about your tax status or tax obligations while using the CoinW service. CoinW does not provide any trading investment, legal, or tax advice.
7. Trading in digital assets and derivatives may be subject to legal, policy, and regulatory risks in respective jurisdictions. You should be aware of the laws and regulatory policies of the jurisdiction in which you are trading before investing in digital assets or using CoinW services. If it is illegal for us to provide services under the laws of your jurisdiction, we reserve the right to suspend or terminate your account or to suspend or terminate your use of CoinW services or digital asset trading at any time, in order to comply with the legal policies and regulatory requirements of the jurisdiction where you are trading.
8. You promise that you are aware of and understand the risks associated with the information contained in this Risk Disclosure Statement. You agree and understand that you bear the risks associated with the use of CoinW services and the other risks listed in this Risk Disclosure Statement. The risks listed in this Risk Disclosure Statement are not exhaustive and you should carefully consider whether to use CoinW services based on your financial situation and ability to bear risks. Please seek professional advice if necessary, because you are responsible for any loss of your funds due to the risks involved.