Risk Disclosure
Effective date: February 26th, 2025
Dear customer, thank you for choosing Daxchain OU, a company registered at Harju maakond, Tallinn, Kesklinna linnaosa, Raua tn 36, 10126 ("Company"), operating a cryptocurrency exchange platform exchange.daxchain.eu (the "Platform"). We want to ensure that you have a clear understanding of the risks associated with trading cryptocurrencies on our Platform. By utilizing our crypto exchange platform, you acknowledge and agree to the risks that are linked to trading cryptocurrencies. It is crucial to assess your risk tolerance and invest only funds that you are financially capable of losing. Please carefully read and consider the following risks:
Volatility of Cryptocurrencies
Cryptocurrencies are known for their high volatility. The value of cryptocurrencies can fluctuate significantly within short periods of time. This volatility can result in substantial gains or losses in your investment.
Regulatory Risks
The regulatory environment surrounding cryptocurrencies is evolving and can vary significantly from one jurisdiction to another. Changes in laws or regulations may impact the use, transfer, or value of cryptocurrencies. There is a risk that the government or regulatory authorities may introduce new regulations or restrictions that could affect your ability to trade cryptocurrencies.
Security Risks
While we take extensive measures to protect the security of our platform, it is important to understand that the crypto industry is susceptible to hacking, cyber-attacks, and other security breaches. These security risks can result in the loss or theft of your cryptocurrencies and personal information.
Market Liquidity
The liquidity of certain cryptocurrencies can be limited, particularly for less popular or newly listed ones. This illiquidity can make it difficult to buy or sell cryptocurrencies at desired prices, potentially leading to delays or price slippage.
Technological Risks
Our platform relies on complex technological infrastructure, including servers, networks, and software. There is a risk of technical issues, system failures, or cyber-attacks that could disrupt the availability or functioning of the platform. These issues may impact your ability to access your account, execute trades, or withdraw funds.
Third-Party Service Risks
Our platform may rely on third-party services such as payment processors, custodians, or wallet providers. Any issues or failures on the part of these third parties could impact your ability to deposit, withdraw, or manage your cryptocurrencies.
Lack of Investor Protection
Unlike traditional financial markets, the crypto market generally lacks the same investor protection measures, such as deposit insurance or recourse to regulatory authorities. You should be aware that losses incurred during trading may not be recoverable.
Scam Awareness
Your security is our priority. Please be cautious of scams and fraudulent schemes targeting cryptocurrency users. Always ensure that you are interacting with our official platform and never share your login credentials, private keys, or financial details with anyone. We will never ask you to send funds to external wallets or disclose sensitive information. If you receive suspicious messages or notice unusual activity, contact our support team immediately. We are not liable for any losses resulting from phishing, fraud, or scams conducted outside our platform.
We provide information and educational resources to assist you in making informed decisions. However, it is important to note that we do not provide financial advice or guarantee the accuracy or completeness of the information provided. You are responsible for conducting your own research and making independent investment decisions.
If you have any questions or require further clarification, please contact us at info@daxchain.io.