Risk Disclosure

This Risk Disclosure is based on and uses the definitions set forth in the Terms of Use.

Participating in the buying and selling of cryptocurrencies carries significant risks and may not be suitable for everyone. The value of these digital tokens and associated products can fluctuate dramatically, potentially leading to significant losses exceeding the initial investment.

Before using the Company’s Services, individuals need to be aware of the potential risks associated with cryptocurrencies and be willing to accept them. Furthermore, they should only invest amounts they are comfortable losing. It is also important to consider the characteristics, instability, and legality of the cryptocurrency being used before using the Services.

If the User does not understand the risks related to cryptocurrencies, they should consult an independent financial advisor. If after obtaining proper legal and/or financial advice from a qualified professional, they still do not understand these risks, then they should refrain from using the services.

The Company is not providing the User with any investment, legal, regulatory or other form of advice. The User is required to rely on his/her own judgment (with or without the assistance of an advisor) in using the Company’s Services.

In asking the Company to provide its services, the User represents that he/she has been solely responsible for making his/her own independent appraisal and investigation into the risks of the Company’s services. There’s always a possibility of sudden and adverse shifts in trading and other market activities. If you choose to finance a transaction involving digital currencies through a peer-to-peer platform, there is a risk of not being able to meet the repayment requirements. Every cryptocurrency has its own features – blockchain, protocols, etc. and inherent risks which you must understand before investing in it. Accordingly, cryptocurrencies should be seen as an extremely high risk asset and you should never invest funds that you cannot afford to lose.

The legal status of certain cryptocurrencies or other related assets may be uncertain. This means that buying, selling, and/or storing cryptocurrencies may be regulated by different laws and regulations. Depending on the specific circumstances and jurisdictions involved, cryptocurrencies may constitute a commodity, currency or any other asset or financial product. Users are responsible for knowing and understanding how cryptocurrencies are addressed, regulated, and taxed under laws applicable to the Users.

The User confirms and accepts that there are risks associated with using the Services. This may include (but is not limited to):

1. Market Volatility: Cryptocurrency markets are known for their extreme price fluctuations. Prices can change rapidly within short periods, leading to substantial gains or losses. It’s important to be prepared for sudden and unpredictable market movements when converting between fiat currencies and cryptocurrencies.
2. Regulatory Risks: Cryptocurrency regulations vary significantly from one jurisdiction to another and are subject to change. Regulatory actions, such as government bans or restrictions, could affect the value and availability of cryptocurrencies and fiat currencies. Changes in regulations may impact our ability to offer certain services or operate in specific regions.
3. Exchange Rate Risks: The exchange rates between fiat currencies and cryptocurrencies can be volatile and may fluctuate significantly over short periods. Exchange rates are influenced by various factors, including market demand, supply, geopolitical events, and economic indicators. Changes in exchange rates can affect the value of your assets when converting between fiat and cryptocurrencies.
4. Security Risks: While we employ advanced security measures to protect our platform and users, the cryptocurrency industry is susceptible to hacking, fraud, and cyber-attacks. Your funds and personal information may be at risk. It’s important to take appropriate security precautions, such as using strong passwords, enabling two-factor authentication, and keeping your account information confidential.
5. Compliance Risks: Users are responsible for ensuring compliance with applicable laws, regulations, and reporting requirements when engaging in cryptocurrency transactions. Failure to comply with legal obligations may result in penalties, fines, or legal consequences. It’s essential to understand and adhere to regulatory requirements in your jurisdiction.
6. Tax Risks: Cryptocurrency transactions may have tax implications, and users are responsible for reporting and paying taxes on their cryptocurrency activities. Tax laws and regulations vary by jurisdiction and may be subject to change. It’s advisable to consult with tax professionals to understand your tax obligations and to keep accurate records of your cryptocurrency transactions.

By using fidgytex.com, you acknowledge that fiat-to-cryptocurrency and cryptocurrency-to-fiat trading involve inherent risks, and you are solely responsible for your investment decisions. Please be aware of these risks and invest responsibly.