This Risk Disclosure Statement outlines the material risks associated with engaging in Over-the-Counter (OTC) cryptocurrency trading through CustomersChain.
By using our OTC services, you acknowledge and accept the risks described below.
This document does not disclose all possible risks but aims to provide a clear understanding of the primary dangers involved.
1. Market Risk
1.1 Price Volatility
The price of Bitcoin and other cryptocurrencies is highly volatile and may fluctuate significantly in short periods.
This volatility may result in substantial gains or losses.
1.2 Liquidity Risk
OTC markets can experience reduced liquidity compared to public exchanges.
There may be times when you cannot buy or sell assets at your desired price or volume.
2. Counterparty Risk
2.1 Default Risk
In OTC trades, you are transacting directly with another party.
There is a risk that the counterparty fails to fulfill their obligations under the trade agreement.
2.2 Operational Risk
Despite our due diligence, there is a possibility of error, fraud, or technical issues affecting counterparties or intermediaries involved in the transaction process.
3. Regulatory Risk
3.1 Regulatory Changes
Cryptocurrency laws and regulations are evolving.
Future changes in legal frameworks could impact your ability to trade, hold, or withdraw digital assets.
3.2 Jurisdictional Risk
Your access to CustomersChain’s services may be restricted or prohibited based on your location.
You are responsible for understanding and complying with applicable local laws.
4. Technology Risk
4.1 Cybersecurity Threats
Digital assets and trading platforms are vulnerable to hacking, phishing, ransomware, and other cybersecurity threats.
4.2 Service Disruptions
Our platform may experience outages, latency, or system failures due to maintenance, updates, or technical issues.
4.3 Blockchain Risk
Transactions rely on public blockchain infrastructure, which may suffer from delays, congestion, or unforeseen protocol changes (e.g., forks).
5. Legal and Tax Risk
5.1 Uncertain Legal Status
Cryptocurrencies may be viewed differently across jurisdictions, and their legal classification may impact your rights and protections.
5.2 Tax Obligations
You are solely responsible for understanding and fulfilling any tax obligations related to your OTC trading activity.
CustomersChain does not provide tax advice.
6. No Guarantees or Advice
6.1 No Investment Guarantee
CustomersChain does not guarantee profits or the success of any trade.
Past performance is not indicative of future results.
6.2 No Financial Advice
Nothing provided by CustomersChain should be considered legal, financial, or tax advice.
You should consult your own advisors before making trading decisions.
7. Acknowledgement and Acceptance of Risk
By using CustomersChain’s OTC services, you:
- Confirm that you have sufficient knowledge and experience to understand the risks of cryptocurrency trading.
- Acknowledge that you are voluntarily participating in OTC transactions at your own risk.
- Accept full responsibility for all outcomes resulting from your trading decisions.