We explain the potential risks of transactions or transaction activities while using our services in more detail below. Please note that the risks described below are not exhaustive or presented in any assumed order of priority. We ask you to read carefully and assess whether such transactions and transaction activities are appropriate for your specific situation on CoinTR.
If you do not fully understand the risks of using our services, you should seek independent professional advice.
1. CoinTR Services This notice provides information about the risks associated with CoinTR Services. Each CoinTR Service has its unique risks. This notice summarizes the risks you may encounter while using CoinTR services.
This notice does not explain all risks or how these risks relate to your personal situation. Before deciding to use CoinTR services, you must fully understand the relevant risks.
2. No Personal Advice Provided We do not provide personal advice regarding our products or services. Sometimes we provide real information, information about transaction procedures, and information about potential risks. However, the decision to use our products or services is yours. Any communication or information provided to you by CoinTR should not be considered or interpreted as investment advice, financial advice, transaction advice, or any other advice. You must decide for yourself whether any investment, investment strategy, or related transaction is suitable for you, considering your personal investment goals, financial situation, and risk tolerance.
In any transaction, decision, or activity you undertake using the CoinTR service, CoinTR is not your broker, agent, representative, or advisor, and CoinTR has no fiduciary relationship or obligation to you. We do not monitor whether the use of CoinTR services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are sufficient for your financial activities with us and to evaluate the risk in the products and services you use.
3. Market Risks The transaction price of digital assets can fluctuate significantly in a short period. The transaction price of digital assets may also fall due to various factors such as the discovery of illegal activities, market manipulation, changes in the characteristics of digital assets, and attacks. CoinTR or external account providers or other service providers may suspend or stop supporting digital assets and other factors beyond CoinTR's control.
4. Fees and Charges Our fees and charges are listed here (add link). CoinTR may, at its discretion, update fees and charges from time to time. Please be aware of all costs and fees applicable to you, as such costs and fees will affect the gains you make while using CoinTR services.
5. Availability Risk We do not guarantee that the CoinTR service will be available at a specific time or that the CoinTR service will not experience unscheduled service interruptions or network congestion. It may not always be possible to buy, sell, deposit, transfer, send, or receive Digital Assets at your desired time.
6. Third-Party Risk Third parties such as payment providers, custodians, and banking partners may be involved in providing CoinTR services. You may be subject to the terms and conditions of such third parties, and CoinTR cannot be held responsible for any damage these third parties may cause you.
7. Liquidity Risk Digital assets may have limited liquidity, making it difficult or impossible to sell or exit a position at any time. This can occur at any time, including during rapid price fluctuations.
8. Security Risk CoinTR cannot eliminate all security risks. It is your responsibility to secure your CoinTR account password. You may be responsible for all transactions under your CoinTR account, whether authorized by you or not. Transactions in digital assets are irreversible, and losses from fraudulent or unauthorized transactions may not be recoverable.
9.Risks Related to Digital Assets Given the nature of Digital Assets and the underlying technologies, there are several inherent risks, including but not limited to:
Failures, defects, hacks, exploits, errors, protocol failures, or unforeseen circumstances related to the technical or economic systems that the digital asset or the digital asset relies on;
Digital asset transactions are irreversible. Therefore, losses from fraudulent or accidental transactions may not be recoverable;
Technological advancements may lead to the obsolescence of digital assets;
Delays may result in the transaction not being settled on the planned delivery date; and
Attacks on the protocols or technologies that the digital asset relies on, including but not limited to: i. distributed denial of service; ii. sybil attacks; iii. phishing attacks; iv. social engineering attacks; v. hacking; vi. smurfing attacks; vii. malware; viii. double-spending attacks; ix. majority-mining, consensus-based, or other mining attacks; x. misinformation activities; xi. forking attacks; and xii. spoofing attacks.
10. Monitoring Risks The digital asset market is open 24/7. Prices can change rapidly at any time, including outside of regular business hours.
11. Communication Risks When communicating with us electronically, you should be aware that electronic communication may fail, be delayed, be insecure, and/or not reach the intended target.
12.Currency Fluctuations in exchange rates can affect your gains and losses.
13. Legal Risk Changes in laws and regulations can significantly impact the value of digital assets. This risk is unpredictable and may vary from market to market.
The decision of CoinTR to support the transfer, storage, or trading of any specific digital asset through its service does not imply that CoinTR endorses or approves the digital asset or its integrity, or that CoinTR makes any representation or warranty regarding the safety or operation of any digital asset supported or not supported by our services. Despite CoinTR's decision to offer services related to certain digital assets, the risks associated with digital assets and digital asset transactions still apply, and the risk of all transactions is entirely yours.
For more information, you can reach us 24/7 through our customer representatives.