Last updated 17 December 2023
Investment in virtual currencies involves a high level of risk and is suitable only for persons who can assume the risk of loss in their entire investment. Users should carefully consider whether such trading is appropriate for them in light of their experience, objectives, financial resources, and other relevant circumstances.
Cryptocurrencies such as Bitcoin are extremely susceptible to volatile price changes. Trading with cryptocurrency involves a high risk – the crypto value is not stable by any means. Due to ever-changing conditions, whether they be rational or irrational, the crypto price may take outstanding peaks as well as hit rock bottom in a matter of days. This leads to some level of uncertainty. Over short or longer periods of time, cryptocurrency may drastically change its value which may lead to either huge benefits for the clients or great losses as well.
Users must be prepared to accept a high level of volatility and the possibility of significant losses.
The regulatory status of virtual currencies and blockchain technologies is uncertain and may rapidly evolve. Changes in laws, regulations, or government policies in Bulgaria or internationally may materially affect the use, transfer, exchange, and value of virtual currencies.
Cryptocurrency trading platforms, including Changex, are subject to various technological risks, including but not limited to internet disruptions, software failures, data loss, hacking, and other cybersecurity breaches. While Changex takes reasonable steps to secure the platform, it cannot guarantee absolute immunity from such risks.
All investment and trading decisions are made by the User. Changex does not offer investment advice and does not guarantee the performance of any investment or trading strategy.
The information mentioned above is here to make you fully aware that cryptocurrency is not regulated by any government. It is of a decentralized nature when it comes to regulating its price. Crypto’s value is dependent on supply and demand, as well as on the trust and development of blockchain technology worldwide.
Users are responsible for ensuring compliance with the laws and tax obligations in their jurisdiction. The legal and tax status of virtual currencies may vary, and changes can impact the use and value of these assets.
Please be informed that all your crypto-asset transactions and operations are irreversible.
If, in any case, we have missed mentioning any additional risks in our Terms of Use, then by any means it is the User’s responsibility to acknowledge them and have a deep understanding of the risks you may be facing when trading with crypto.
In order to be clear, we state that we use our banking providers to allow fiat deposits and withdrawals by our clients to and from Changex. Our banking providers do not transfer or exchange crypto or provide any services in connection with crypto or any other digital tokens.
By using Changex's Services, Users acknowledge that they have read, understood, and accepted all the risks outlined in this Risk disclosure.