Risk Disclosure Statement
Trading digital assets involves significant risk. Please read this statement carefully to understand the risks before trading on Crypgo.
Capital at Risk
Digital asset values can fluctuate substantially which may result in a total loss of the value of your assets. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Crypto assets are not insured by the FDIC, SIPC, or any other government agency.
General Risks
The risk of loss in trading or holding Digital Assets can be substantial. You may sustain a total loss of the funds in your Digital Asset Wallet. Market prices for Digital Assets can be volatile and highly unpredictable. Whether the future market price for a Digital Asset will move up or down or even sustain a market value is a speculation and unpredictable.
Market Volatility
Digital Assets are subject to extreme market volatility and price fluctuations. Factors including, but not limited to, regulatory activity, market manipulation, technical defects, and media coverage can cause prices to spike or crash within minutes.
- Past performance is not indicative of future results.
- Markets operate 24/7/365, meaning price changes can occur at any time.
- High volatility may trigger margin calls or liquidation in leveraged positions.
Liquidity Risks
Markets for Digital Assets have varying degrees of liquidity. Some are quite liquid while others may be thinner. There is no guarantee that there will be an active market for any Digital Asset. There may be times when it is difficult or impossible to sell your position at a reasonable price.
Regulatory Uncertainty
The regulatory status of Digital Assets is currently unsettled, varies among jurisdictions, and is subject to significant uncertainty. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of Digital Assets.
Technology & Cyber Security
System Failure
Trading may be halted due to technical glitches, maintenance, or network congestion.
Hacking Risks
Despite security measures, crypto exchanges are targets for cyberattacks and theft.
Irreversible Transactions
Blockchain transactions cannot be reversed. Funds sent to the wrong address are lost.
Private Keys
If you hold assets in a self-custody wallet, losing your keys means losing your funds.
Protocol Risks
Crypgo does not own or control the underlying software protocols which govern the operation of Digital Assets. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. We are not responsible for operation of the underlying protocols and we make no guarantee of their functionality, security, or availability.
Note on Forks: The underlying protocols are subject to sudden changes in operating rules ("forks"), which may materially affect the value, function, and/or name of the Digital Asset.