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Risk Disclosure

Bitoz Risk Disclosure Statement

If you want to trade on Bitoz, you must:
  • 1. The services such as coin-to-coin exchange, P2P, and Derivatives on the Bitoz platform are only available to valid Bitoz users (Hereinafter “Users”) that have completed KYC verification.
  • 2. Bind your Bitoz account with your cellphone number or Google authentication.
  • 3. Preserve your account and password properly, and do not entrust your account to others or share your account & password with anyone. Otherwise, any losses incurred will be borne by the users themselves.
  • 4. Users of Bitoz may be subject to the following risks:
    • 1) Policy risk: Users of Bitoz may encounter losses due to amendments to national laws, regulations, or macro-policies which may influence the normal transaction of cryptocurrencies.
    • 2) Compliance risk: Users of Bitoz may encounter losses if the user’s cryptocurrency transaction violates national laws or regulations.
    • 3) Investment yield risk: The cryptocurrency market has its uniqueness: it never closes with cryptocurrency prices fluctuating in a very wide range. Users may encounter losses in the market.
    • 4) Trading risk: Your successful transfer is dependent on the mutual assent of the parties to the transfer and Bitoz does not commit to or guarantee any successful transfer.
    • 5) Force majeure risk: When a natural disaster, war, striking, cyber attack, and other unpredictable, unavoidable and unformidable situation occurs, Bitoz may not operate normally and may result in user’s losses. For the user’s loss caused by force majeure, Bitoz will not assume any civil liabilities.
    • 6) Delisting risk: When a cryptocurrency project party faces bankruptcy, liquidation, and dissolution, or violates national laws & regulations, or under the request of the project party, Bitoz will delist the cryptocurrency, which may cause losses for users.
    • 7) Technical risk: Although the chance of a technical fault is remote during a cryptocurrency transaction, we cannot exclude such a possibility. If such an incident has happened, the user’s interests may be affected.
    • 8) Operation risk: Users may face risks due to operational errors, such as transferring to the wrong account, violating operation regulations, etc.
    • 9) Account frozen risk: The user’s account may be frozen or forcefully confiscated by judicial institutions in the event of debt default or alleged crimes.
Prohibited Actions on Bitoz
  • 1. Actions such as money laundering, counterfeit transaction, illegal fund-raising, and fraud are prohibited. Using the identity of others to register is a bannable offense and any intentional concealment or fraud in KYC is not allowed. Otherwise, Bitoz has the right to freeze, terminate a user’s account which was suspected of the aforesaid misconducts, or hide their encrypted digital assets.
  • 2. This risk notice does not reflect the whole nature of the cryptocurrency market. There are many other risks and money-loss factors that were not listed. Therefore, you should read and fully understand the relevant transaction rules, promotions, and related agreements, as well as this risk notice, and ensure that you have made sufficient risk assessments and financial arrangements before you engage in cryptocurrency transactions, to avoid unbearable losses.
  • 3. The trading risks on Bitoz will be borne by users themselves. Bitoz has never promised in any form that users trading on Bitoz will not encounter any losses.
User Commitment

As a Bitoz user, you promise that you will never violate the national/regional laws & regulations of the Republic of Seychelles, as well as the nations the users originated from (Registered Residence). If you, as a user, violated the laws & regulations, or your conduct triggers Bitoz's risk-control mechanism (including but not limited to abnormal login, wrong trading amount, high-buy but low-sell, a large amount of Fiat withdrawal, and other abnormal transactions), you, the user, agree that Bitoz has the right to freeze or terminate the account and investigate your legal responsibility. Any losses incurred and legal responsibility shall be borne by you, the user, yourselves.

Reminder: If you click to agree to this risk notice, it will be deemed that you understand and are willing to assume cryptocurrency transaction risks and potential losses. Bitoz is not obligated to refund the user’s cryptocurrency principal & interests or assume other responsibilities.