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RISK DISCLOSURE

  1. Digital Currency is a new technology and entails various risks that you should understand – some of which (but not limited to) we have highlighted here below.

  2. Digital Currency transactions send from your ChainEX wallets are irreversible. If you send Digital Currency to an incorrect address, or send the wrong amount of Digital Currency, you cannot get them back. ChainEX cannot be held liable for executing a transaction if the instruction relates to an incorrect Digital Currency address.

  3. Before buying or selling Digital Currency, educate yourself about Digital Currency. Buying and selling Digital Currency entails risks and could result in a complete loss of your funds. Please ensure that you fully understand the risks involved and do not invest money that you cannot afford to lose.

  4. Digital Currency is not backed by any entity. Neither ChainEX nor anyone else has an obligation to buy back your Digital Currencies in the future.

  5. Additionally, it is very important to note the following risks:

    • 5.1 Digital Currency is not legal tender and it is not backed by the government. Accounts and value balances are not subject to any Government backed deposit insurance or any other Government protections;
    • 5.2 Legislative and regulatory changes or actions at the state or international level may adversely affect the use, transfer, exchange, and value of Digital Currency;
    • 5.3 Transactions in Digital Currency are generally irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable;
    • 5.4 Digital Currency transactions shall be deemed to be made when recorded on a "blockchain" ledger, which is not necessarily the date or time that you initiate the transaction;
    • 5.5 Digital Currency is derived from the continued willingness of market participants to exchange fiat currency for Digital Currency, which may result in the potential for permanent and total loss of value of Digital Currency, should the market for Digital Currency disappear;
    • 5.6 There is no assurance that a person who accepts a Digital Currency as payment today will continue to do so in the future;
    • 5.7 The volatility and unpredictability of the price of Digital Currency relative to fiat currency may result in significant loss or tax liability over a short period of time;
    • 5.8 The nature of Digital Currency may lead to an increased risk of fraud or cyber-attack and
    • 5.9 The nature of Digital Currency means that any technological difficulties experienced by a service provider may prevent the access or use of your Digital Currency.