We have included below, in more detail, the potential risks in trading or transacting when using our Services. You should note that the risks described below are not intended to be exhaustive and are not intended to be presented in any assumed order of priority. We ask you to take time to carefully read them through and to consider whether such trading and transacting on CoinTR is appropriate in your particular circumstances.
You should seek independent professional advice if you do not fully understand the risks of using our Services.
1. CoinTR Services
This notice provides you with information about the risks associated with CoinTR Services. Each CoinTR Service has its own distinct risks. This notice provides a general description of the risks when you use CoinTR Services.
This notice does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use CoinTR Services.
2. No Personal Advice
We do not provide personal advice in relation to our products or services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use our products or services is made by you. No communication or information provided to you by CoinTR is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.
CoinTR is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you when using CoinTR Services. We do not monitor whether your use of CoinTR Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate for your financial activity with us, and to your risk appetite in the products and services you use.
3. Market Risks
Digital Asset trading is subject to high market risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and any returns can go down as well as up, and you may not get back the amount you had invested.
4. Fees & Charges
Our fees and charges are listed here. CoinTR may, on its own, update the fees & charges from time to time. Please be aware of all costs and charges that apply to you, because such costs and charges will affect the gains you obtain when using CoinTR Services.
5. Availability Risk
We do not guarantee that the CoinTR Services will be available at any particular time or that CoinTR Services will not be subject to unplanned service outages or network congestion. It may not be possible for you to buy, sell, deposit, transfer, send or receive Digital Assets when you would like to do so.
6. Third Party Risk
Third parties, such as payment providers, custodians, and banking partners may be involved in the provision of CoinTR Services. You may be subject to the terms & conditions of these third parties, and CoinTR may not be responsible for any loss that these third parties may cause to you.
7. Liquidity risk
Digital Assets may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you would like to do so. This may occur at any time, including at times of rapid price movements.
8. Security Risk
It is not possible for CoinTR to eliminate all security risks. You are responsible for keeping your CoinTR Account password safe, and you may be responsible for all the transactions under your CoinTR Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.
9. Risks related to Digital Assets
Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:
1）Faults, defects, hacks, exploits, errors, protocol failures or unforeseen circumstances occurring in respect of a Digital Asset or the technologies or economic systems on which the Digital Asset rely;
2）Transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;
3）Technological development leading to the obsolescence of a Digital Asset;
4）Delays causing a transactions not be settled on the scheduled delivery date; and
5）Attacks on the protocol or technologies on which a Digital Asset depends, including, but not limited to: i. distributed denial of service; ii. sybil attacks; iii. phishing; iv. social engineering; v. hacking; vi. smurfing; vii. malware; viii. double spending; ix. majority-mining, consensus-based or other mining attacks; x. misinformation campaigns; xi. forks; and xii. spoofing.
10. Monitoring Risks
Digital Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours.
11. Communication Risks
When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.
Currency exchange fluctuations will impact your gains and losses.
13. Legal Risk
Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market.
CoinTR decides to support transfer, storage or trading of any particular Digital Token through the Services and it does not indicate CoinTR’s approval or disapproval of the Digital Token or the integrity, security or operation of CoinTR and the Digital Token or its Underlying Technology do not make any representation or warranty in any way as to any Digital Token supported or not supported by the Services. The risks associated with Digital Tokens and its trading still applys though CoinTR’s decision to provide Services in respect of a particular Digital Token, and risks of all such trading will be wholly taken by yourself.