Policies

Effective Date: 05.12.2024

Risk Disclosure

Owning, trading, and using virtual assets involves significant risk. Prices for virtual assets can fluctuate dramatically due to market demand, regulatory changes, technological advancements, or other unforeseen factors. You should not trade or invest in virtual assets unless you fully understand the risks and have determined that your financial situation and risk tolerance are appropriate.

1. No Guarantees of Returns

Trading or investing in virtual assets does not guarantee profitability or returns. The value of virtual assets can increase or decrease significantly, and there is no assurance that you will recover the amount you initially invested. You may incur substantial losses, including the total loss of your funds.

2. Detailed Risk Categories

- **Market Risk**: Virtual asset prices are highly volatile and can change rapidly due to market conditions, sentiment, and other external factors.

- **Regulatory Risk**: Governments may impose restrictions, regulations, or bans on the use or trading of virtual assets, which could negatively impact their value.

- **Technological Risk**: Blockchain technology, while innovative, is subject to risks such as bugs, network congestion, and security vulnerabilities.

- **Liquidity Risk**: Some virtual assets may have limited market liquidity, making it difficult to sell them at your desired price.

- **Operational Risk**: Issues such as account breaches, loss of private keys, or platform outages can result in loss of access to your virtual assets.

3. User Responsibility

You are solely responsible for understanding the risks associated with virtual assets and for managing those risks appropriately. This includes:

- Conducting thorough research before making transactions.
- Securing your wallets, private keys, and access credentials.
- Monitoring market conditions and regulatory developments.
- Ensuring that your financial situation can absorb potential losses without significant hardship.

4. Disclaimer

Virtual assets are not backed by any government, central bank, or physical commodity such as gold or silver. Their value is derived from technology and trust within the network. Cvetpay does not provide financial advice or guarantees related to the performance or value of virtual assets. By using our services, you acknowledge that you fully understand and accept these risks.

5. Acknowledgment of Risk

By using Cvetpay's services to buy, sell, trade, or transfer virtual assets, you acknowledge that you have read and understood this Risk Disclosure. You also confirm that you have independently evaluated your financial position and risk tolerance and are aware of the inherent risks involved.