A. How to interpret this Risk Warning
All capitalised terms used in this Risk Warning that are defined in the Cryptozpay Terms of Use (the “Terms of Use”, which includes any Product Terms (as defined in the Terms of Use)), have the same meaning and construction as in the Terms of Use.

Risk Warning for Cryptozpay
1. Market Volatility
Cryptocurrencies are highly volatile assets that can experience significant price fluctuations in short periods. The value of digital assets may rise or fall unpredictably, and past performance does not guarantee future results.

2. Loss of Funds
Trading and investing in cryptocurrencies involve substantial risk. Users may experience losses, including the total loss of funds. You should only trade with funds you can afford to lose.

3. No Guarantees or Insurance
Cryptocurrency investments are not protected by government-backed insurance schemes, such as FDIC or similar programs. Cryptozpay does not guarantee returns or reimburse losses due to market conditions or security breaches.

4. Security Risks
Users are responsible for securing their accounts, wallets, and private keys. Cyber threats, including hacking, phishing, and fraud, pose significant risks. Cryptozpay is not liable for losses due to compromised accounts.

The nature of Digital Assets exposes them to an increased risk of cyberattack. While Cryptozpay uses all reasonable efforts to safeguard Digital Assets and protect the Platform from cyberattack, it is not possible for any exchange to eliminate security risks entirely. There can be no guarantee that systems in place to mitigate cybersecurity threats will always be effective to prevent improper access to the Platform and Digital Assets.

You are responsible for keeping your Cryptozpay Account information safe, and you shall be responsible for all the Transactions under your Cryptozpay Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.

5. Regulatory Uncertainty
Cryptocurrency regulations vary by jurisdiction and may change over time. It is the users responsibility to ensure compliance with applicable laws, tax obligations, and regulatory requirements. Cryptozpay does not provide legal or tax advice.

6. Liquidity Risks
Some cryptocurrencies may have low liquidity, making it difficult to execute trades at desired prices. Market conditions may lead to delays or failures in processing transactions.

7. Irreversible Transactions
Cryptocurrency transactions are generally irreversible. Once a transaction is confirmed on the blockchain, it cannot be canceled or refunded. Users must verify all transaction details before proceeding.

8. Third-Party Risks
Cryptozpay may integrate with third-party services for liquidity, KYC verification, or payment processing. We are not responsible for any losses, service failures, or issues caused by third-party providers.

9. Personal Responsibility
Users acknowledge and accept the risks involved in cryptocurrency trading. It is strongly recommended to conduct thorough research and consult financial professionals before engaging in crypto transactions.

10. Disclaimer of Liability
To the maximum extent permitted by law, Cryptozpay disclaims any liability for financial losses, trading errors, technical failures, or other risks associated with using our platform.

11. Changes to This Risk Warning
Cryptozpay reserves the right to modify this risk warning at any time. Continued use of our platform constitutes acceptance of any updates.

12. Cryptozpay Services
In line with our commitments to compliance and user protection, this Risk Warning provides you with information about some of the key risks associated with Cryptozpay Services. Each Cryptozpay Service has its own distinct risks. This Risk Warning provides a general description of some of the risks that may arise when you use Cryptozpay Services.

This Risk Warning does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use Cryptozpay Services and you should also read the relevant terms applicable to the specific Cryptozpay Service. By using the Cryptozpay Services and entering into any Transactions, you agree that you assume all of the related risks.

13. No Personal Advice
We do not provide personal advice in relation to Cryptozpay Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use Cryptozpay Services is made by you. No communication or information provided to you by Cryptozpay is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.

14. No Monitoring
Cryptozpay is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using Cryptozpay Services. We do not monitor whether your use of Cryptozpay Services is consistent with your financial goals and objectives. It is up to you to assess whether any activity that you engage in through the Cryptozpay Services is appropriate given your financial position and risk appetite.

15. No Tax, Regulatory or Legal Advice
You have sole responsibility for determining what taxes you might be liable to, how and when they apply, and meeting such tax obligations, when transacting through the Cryptozpay Services. It is your responsibility to report and pay any taxes that may arise from entering into a Transaction by using the Cryptozpay Services, and you acknowledge that Cryptozpay does not provide legal or tax advice in relation to these transactions. If you have any doubts about your tax status or obligations when using Cryptozpay Services, or with respect to the Digital Assets held to the credit of your Cryptozpay account, you are encouraged to seek independent advice.

You acknowledge that, when, where and as required by Applicable Law, Cryptozpay shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities. Similarly, when, where and as required by Applicable Law, Cryptozpay shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable Laws could also prompt Cryptozpay to request that you provide additional tax information, status, certificates or documentation or other information. You acknowledge that failure to comply with these requests within the specified timeframe, may result in taxes withheld by Cryptozpay, to be remitted to tax authorities as defined by Applicable Law. You are encouraged to seek professional and personal tax advice regarding the above and before entering into any Transaction.

16. Market Risks
An investment in Digital Assets carries significant risk. The value of an investment and any returns can go up or down, and you may lose all or part of your investment and not get back the amount you had invested. If you are new to Digital Assets, consider investing only a small amount. Only invest what you can afford to lose. It is important to do your own research to understand the risks of investing in Digital Assets.

Digital Asset trading is speculative, prices are volatile and market movements are difficult to predict. Supply and demand for Digital Assets can change rapidly without warning and can be affected by a variety of factors which may not be predictable, including regulation, general economic trends and developments in the Digital Asset ecosystem. All investments in Digital Assets carry the risk of loss.

Past performance is not an indicator of future performance. Cryptozpay does not in any way guarantee or provide any assurance about the performance or market price of Digital Assets or products available through the Cryptozpay Services.

The Digital Asset industry is subject to systemic and systematic risk. Systemic and systematic risks are both threats to the Digital Asset markets and economy, but the cause of these risks and the approaches for managing them are different. Systemic risk is the risk that a company or industry-level risk could trigger a major collapse. Systematic risk is the risk inherent to the entire market, which can be economic, sociopolitical, technological, or natural in origin. These risks can affect the prices of Digital Assets.

Blockchain technology is a relatively new technology that is evolving rapidly and is likely to be subject to continued technological development. The future development and growth of the Digital Asset industry is subject to a variety of factors that are difficult to predict and evaluate. Similarly, the sustainability of Digital Asset networks may also be affected by a range of different factors. All such factors may impact the value of a Digital Asset.

Negative perceptions about Digital Assets may reduce the confidence of investors in the industry and result in greater volatility of the prices in Digital Assets, including possibly a significant depreciation in value. Any events that trigger negative publicity in respect of Digital Asset markets may therefore have an adverse impact on the value of any investment in Digital Assets.

17. Counterparty Risk
You may be exposed to counterparty risk in various circumstances when using Cryptozpay Services. This may include, without limitation, if a market maker or liquidity provider faces issues which could result in slippage or an inability to execute trades; failures by or disputes with payment processors which may delay deposit and withdrawal transactions; borrowers defaulting on their repayment obligations which may delay the redemption of deposits from certain products.

In such other exceptional circumstances, your holdings and your ability to transact or deal with your holdings, may be adversely affected which may result in a range of outcomes including, without limitation, transactions not completing as expected, trading costs being irrecoverable, loss of profits, inability to acquire or dispose of assets at the desired time or price.

18. Liquidity risk
Digital Asset prices on the secondary market are driven by supply and demand and may be highly volatile. Digital Assets may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time, including at times of rapid price movements.

19. Fees & Charges
Our fees and charges are set out here. Cryptozpay may, in its discretion, update the fees & charges from time to time. Please be aware of all fees and charges that apply to you, because such fees and charges will affect the returns you generate from using Cryptozpay Services.

20. Availability Risk
While we aim to deliver a seamless user experience, we cannot guarantee that the Cryptozpay Services will be available at any particular time or that Cryptozpay Services will not be subject to unplanned service outages or network congestion. It may not be possible for you to buy, sell, transfer, send or receive Digital Assets when you wish to do so.

21. Third Party Risk
Third parties, such as payment providers, custodians, and banking partners may be involved in the provision of Cryptozpay Services. You may be subject to the terms & conditions of these third parties.,Unless expressly provided otherwise, Cryptozpay will not be responsible for any loss that may be incurred by you as a result of or arising from the services provided by such third parties.

22. Risks related to Digital Assets
Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:

a. faults, defects, hacks, exploits, errors, protocol failures or unforeseen circumstances occurring in respect of a Digital Asset or the technologies or economic systems on which the Digital Asset rely;

b. transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;

c. technological developments leading to the obsolescence of a Digital Asset;

d. network delays causing transactions to not be settled on the scheduled delivery date;

e. attacks on the protocol or technologies on which a Digital Asset depends;

f. a hard fork may occur if Digital Asset developers suggest changes to a particular Digital Asset software and the updated software is not compatible with the original software and a sufficient number (but not necessarily a majority) of users and minors elect not to migrate to the updated software. This would result in two versions of Digital Asset networks running in parallel and a split of the blockchain underlying the Digital Asset network, which could impact the demand of the Digital Asset and adversely impact the price of the Digital Asset;

g. certain addresses on the blockchain networks hold a significant amount of the currently outstanding asset on that network. If one of these addresses were to exit their positions, this may result in volatility that could adversely affect the price of that asset;

h. if anyone gains control of over 51% of the computing power (hash rate) used by a blockchain network, they could use their majority share to double spend their Digital Assets. Whilst the risk of this occurring for networks with wider adoption is remote, if such a “51% attack” were to be successful, this would significantly erode trust in public blockchain networks (like Bitcoin and Ethereum) to store value and serve as a means of exchange, which may significantly decrease the value of Digital Assets;

i. Digital Assets are subject to the risk of fraud or cyber attacks;

j. Digital Assets purchased and held in an account with Cryptozpay are not covered by any external investor compensation, customer asset protection, deposit protection, insurance or other similar schemes; and

k. new risks may arise from investing in new types of Digital Assets or market participants’ engagement in more complex transaction strategies. Digital Assets and the Digital Asset market is subject to speculative interest, rapid price swings and uncertainty.

N. Monitoring Risks

Digital Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours.

O. Communication Risks

When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.

P. Currency

Currency exchange fluctuations may impact your gains and losses.

23. Legal and Regulatory Risks
Most Digital Assets operate without a central authority and are generally not backed by any government or authority. Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market.

Further, Digital Assets may not be considered “property” under Applicable Laws in some jurisdictions. This may affect the nature and enforceability of your interest in the Digital Assets.

Legislative and regulatory changes may adversely affect or restrict (as applicable) the use, transfer, exchange and value of Digital Assets, as well as the provision of the Cryptozpay Services in certain jurisdictions. Legislative and regulatory changes may occur quickly and without prior notice.

24. Risk of trading
Digital assets complex leveraged products and may not be suitable for inexperienced investors. Before investing, investors must understand the nature and accept the risks of Digital assets products, including extreme price volatility of Digital Asset and the risk that the value of a Digital Asset position may decline rapidly and significantly, including to zero. While Digital Asset Futures amplifies the potential profit of trading in Digital Assets, it also amplifies the risk of loss. All the risks relating to the underlying Digital Assets may be magnified in Digital Asset Futures because of the use of leverage.

The risk of loss is substantial. In volatile market conditions, the price of Digital Assets, and therefore the price of Digital Asset Futures, may decline significantly in a short period of time, including to zero. An investor in Digital Asset Futures must be prepared and able to bear the loss of the entirety of their investment.

You should not invest any amount that you cannot afford to lose. You are strongly encouraged to seek independent professional advice when deciding whether Digital Asset Futures products are suitable for you, having regard to your risk appetite, financial position and knowledge about Digital Assets.

When trading Futures, it is your responsibility:

a. To familiarise yourself with Digital Assets before you start trading.

b. To monitor your open positions and, when required, to reduce your position or deposit additional margin to avoid liquidation.

c. Manage your exposure and not risk more than you can afford to lose.

25. Please feel free to connect to us on [email protected] for any clarifications or understanding of Rules