Risk Warning
This Risk Warning (“Notice”) provides important information about the potential risks associated with using YUBIT services. All terms used here have the same meaning as defined in the YUBIT Terms of Service.
A. How to Read This Notice
This Notice highlights the general risks involved in using YUBIT Services. It does not cover every possible risk or explain how such risks may relate to your personal situation. Before deciding to use YUBIT Services, you should carefully evaluate whether these risks are appropriate for you.
B. YUBIT Services
Each YUBIT Service carries unique risks. This Notice provides an overview of the potential risks, but it cannot and does not explain all possible risks.
C. No Personal Advice
YUBIT does not provide personal investment, financial, trading, or other forms of advice. We may provide factual information, guidance on trading processes, and general risk information. However, all decisions regarding the use of our Services are solely yours. You should consider your investment objectives, financial situation, and risk tolerance before making any decisions.
D. No Monitoring
YUBIT is not your broker, intermediary, agent, or fiduciary. We do not monitor whether your activities through YUBIT align with your financial goals. You are responsible for evaluating whether you have sufficient financial resources to engage in activities on our platform.
E. No Tax, Regulatory, or Legal Advice
The taxation of digital assets is uncertain. You are solely responsible for determining any tax obligations arising from your use of YUBIT Services.
YUBIT does not provide legal or tax advice. If you are unsure about your obligations, you should seek independent professional advice.
YUBIT may be legally required to report transactions, transfers, or payments to tax or regulatory authorities and to withhold taxes where applicable.
F. Market Risk
Digital asset markets are volatile and subject to rapid price fluctuations. Past performance is not indicative of future results. You may lose part or all of your investment.
G. Liquidity Risk
Some digital assets may have limited liquidity, making it difficult or impossible to buy, sell, or exit positions at desired times, especially during periods of high volatility.
H. Availability Risk
YUBIT does not guarantee that its Services will always be available or uninterrupted. Network congestion, outages, or maintenance may prevent you from executing trades, deposits, or withdrawals.
I. Third-Party Risk
Certain services may involve third parties (e.g., payment providers, custodians, or banking partners). You may be subject to their terms, and YUBIT is not liable for losses caused by such third parties.
J. Security Risk
While YUBIT implements industry-standard security measures, risks cannot be completely eliminated. You are responsible for maintaining the security of your account credentials. Transactions in digital assets are often irreversible, and losses from fraud or unauthorized transactions may not be recoverable.
K. Technology & Digital Asset Risks
Digital assets and their underlying technologies carry inherent risks, including but not limited to:
Failures, bugs, hacks, or protocol errors
Irreversible transactions that may result in unrecoverable losses due to mistakes or fraud
Obsolescence caused by new technological developments
Attacks such as:
Distributed denial of service (DDoS)
Sybil attacks
Phishing and social engineering
Hacking or malware
Double-spending
Consensus or mining attacks
Malicious misinformation or fork-based attacks
L. Monitoring Risk
Digital asset markets operate 24/7 worldwide. Prices may change dramatically at any time, including outside of traditional business hours.
M. Communication Risk
Electronic communications (e.g., email, internet-based messaging) may fail, be delayed, be insecure, or not reach their intended destination.
N. Currency Risk
Fluctuations in exchange rates may affect the gains or losses associated with digital asset trading.
O. Legal Risk
Changes in laws, regulations, or government policies may significantly affect the value or legality of digital assets. These changes are unpredictable and may vary across jurisdictions.
⚠️ Important: This Notice is not exhaustive. You must carefully assess your financial situation and risk tolerance before engaging in any digital asset activity on YUBIT.
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