Important information about the risks associated with cryptocurrency trading
Cryptocurrency prices can fluctuate dramatically within short periods
Some cryptocurrencies may have limited trading volume
Blockchain technology and smart contracts may have vulnerabilities
Changing regulations may affect cryptocurrency trading and ownership
Exchange outages, technical failures, or security breaches
Risk of default by trading counterparties or service providers
Cryptocurrency prices can experience extreme volatility, with values potentially changing by 50% or more in a single day. This volatility can result in significant gains or losses.
Cryptocurrency markets may be subject to manipulation by large holders, coordinated trading groups, or other market participants.
Some cryptocurrencies may have limited liquidity, making it difficult to buy or sell large amounts without significantly affecting the price.
Cryptocurrency exchanges and wallets may be subject to hacking attempts, potentially resulting in the loss of funds.
System outages, network congestion, or technical failures may prevent you from accessing your account or executing trades.
Mistakes in entering trade orders, sending transactions, or managing private keys can result in permanent loss of funds.
The regulatory environment for cryptocurrencies is evolving rapidly. Changes in laws or regulations may:
Cryptocurrency transactions may have tax implications in your jurisdiction. You are responsible for understanding and complying with applicable tax laws. Consult with a tax professional for guidance specific to your situation.
This risk disclosure statement does not disclose all of the risks and other significant aspects of trading cryptocurrencies. You should not engage in cryptocurrency trading unless you understand the nature of the transactions you are entering into and the extent of your exposure to loss.
ExTrade does not provide investment advice, and nothing on this platform should be construed as such. All trading decisions are made at your own discretion and risk.
By using our platform, you acknowledge that you have read, understood, and accepted all the risks outlined in this disclosure.