Dear Users:
To protect your assets, clarify relevant risk responsibilities, and enhance your investment risk awareness, TBBIT hereby issues this Risk Disclosure Statement. Please carefully read and fully understand the following content before using any function of the platform (including spot trading, contracts, copy trading, leveraged trading, wealth management, etc.). By continuing to use TBBIT services, you acknowledge and agree to all risks.
I. Market Risks
1. The digital asset market operates globally, and prices are affected by multiple factors such as supply and demand, policies, and market sentiment, resulting in the possibility of significant fluctuations.
2. Investors may suffer partial or total loss of principal due to market volatility.
3. Past performance is not indicative of future results; any price increases or decreases are uncertain.
II. Trading Risks
1. Using leverage or contracts will amplify both gains and losses.
2. In extreme market conditions or periods of heightened volatility, the following may occur:
• Forced liquidation
• Increased slippage
• Significant deviation from the transaction price
• Inability to execute orders at the preset price
3. If the account margin is insufficient, the system will automatically execute forced liquidation, and the resulting losses will be borne by the user.
III. Technical Risks
1. Network latency, node congestion, and blockchain malfunctions may lead to:
• Transaction delays
• Inability to submit orders
• Order execution failures
• Delayed deposits
2. User device malfunctions, network instability, and viruses/malware may also lead to transaction failures or asset risks.
3. The platform will strive to ensure system stability, but does not guarantee uninterrupted or fault-free service.
IV. Liquidity Risks
1. Low liquidity for some cryptocurrencies may lead to:
• Inability to execute orders
• Inability to sell at the expected price during forced liquidation
• Large spreads or sharp price jumps
2. Insufficient market depth can amplify trading risks.
V. Legal and Regulatory Risks
1. Digital assets are subject to strict regulation or restrictions in some countries or regions, which may lead to:
• Service unavailability
• Trading restrictions
• Asset risks due to changes in laws and policies
2. Users must comply with local laws and regulations. The platform is not liable for losses caused by users' illegal activities.
VI. Account Security Risks
1. If users disclose their passwords, verification codes, private keys, or if their devices are attacked, their assets may be stolen.
2. Common risks include:
• Phishing websites
• Impersonating customer service
• Malicious plugins
• Social engineering attacks
3. Users should ensure the security of their devices and guard against third-party fraud.
VII. Risks of Copy Trading (if applicable)
1. Copy trading does not constitute investment advice and cannot guarantee profits.
2. Trader strategies may become ineffective due to market changes.
3. Copy trading carries risks such as price asynchrony, delays, and slippage, leading to results inconsistent with the trader's.
4. All profits and losses are borne by the user.
VIII. Force Majeure Risk
TBBIT shall not be liable for service interruptions or losses caused by the following reasons:
• Natural disasters
• War, riots
• Government actions
• Cyberattacks, hacking incidents
• Large-scale power outages or communication failures
IX. User Statement and Commitment
By using TBBIT, the user expressly agrees to:
1. Fully understand the risks of digital asset trading.
2. All investment decisions are made by the user's own judgment.
3. Losses caused by improper operation, market risks, or force majeure shall be borne by the user.
4. The platform does not provide any guarantee of principal, guaranteed returns, or managed trading services.
Important Note
Please invest reasonably according to your own risk tolerance and avoid high-risk transactions beyond your capacity.
TBBIT will continue to strive to improve platform security and service quality, but cannot completely eliminate trading risks. Please be sure to remain cautious and conduct self-assessment.
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