Risk Disclosure

Availability Risks

We cannot assure continuous availability of DedaBit Services at specific times, and unplanned service outages or network congestion may occur. Buying, selling, storing, transferring, sending, or receiving Digital Assets might not be feasible at all times.

Should a Digital Assets project face bankruptcy, liquidation, dissolution, or violate national laws/regulations, DedaBit reserves the right to delist such Digital Assets, potentially leading to user losses.

Legal obligations in various countries might limit DedaBit's lawful provision of Products and Services. Consequently, certain functionalities on the DedaBit Platform may not be accessible or could have restrictions in specific jurisdictions. Users are responsible for understanding and adhering to these restrictions in their respective accessing jurisdictions. DedaBit holds the right to modify, add, or impose new restrictions on Platform access and Service use without prior notice.

 

Third-Party Risks

The involvement of third parties, such as payment providers, custodians, and banking partners in providing DedaBit Services, might subject users to these third parties' terms and conditions. DedaBit cannot be held accountable for any losses incurred due to these third-party actions.

 

Security Risks

While striving to mitigate risks, it's impossible for DedaBit to eliminate all security risks. Users are responsible for safeguarding their DedaBit Account passwords. They may be held responsible for all transactions conducted through their accounts, authorized or not. Losses resulting from fraudulent or unauthorized transactions in Digital Assets may not be recoverable.

 

 

Risks Related to Digital Assets Themselves

Given the intrinsic nature of Digital Assets and their underlying technologies, several inherent risks exist, including but not limited to:

a) Faults, defects, hacks, errors, or unforeseen circumstances affecting Digital Assets or their technologies;

b) Irreversible transactions, leading to unrecoverable losses due to fraudulent or accidental transactions;

c) Technological advancements leading to obsolescence of Digital Assets;

d) Attacks on the protocols or technologies underlying Digital Assets, such as hacking, phishing, or consensus-based attacks.

 

Monitoring Risks

Digital Asset markets operate 24/7, leading to rapid price fluctuations at any time, including outside standard business hours. Users are solely responsible for constantly monitoring these markets.

 

Communication Risks

Electronic communications with DedaBit may face failure, delays, lack of security, or failure to reach the intended destination. Users should acknowledge these potential communication risks.

 

Currency Risks

Fluctuations in currency exchange rates will impact users' gains and losses.

 

 

 

Legal Risks

Changes in laws and regulations could significantly influence the value of Digital Assets, potentially resulting in severe losses if users breach national laws or regulations.

 

Other Risks

This disclosure is not an exhaustive list of risks potentially associated with utilizing DedaBit Services. Certain risks might be specific to particular Services or Products. It's essential to carefully review risk disclosures provided separately within the Legal Documents, including the User Agreement.

 

By becoming a member of DedaBit exchange, every user accepts all the rules and regulations contained in different sections of our website and is committed to complying with them.