Unlike traditional currencies backed by governments, financial institutions, or commodities like gold and silver, cryptocurrencies operate in a decentralized framework. This structure allows for more independence and global accessibility, but it also means that their value is affected by market dynamics without central bank intervention.
Because the blockchain operates as an independent, public, peer-to-peer network without centralized regulation or control, we have no oversight over its functionality. Therefore, we cannot be held responsible for any failures, errors or breaches that may occur on the blockchain or any other networks where supported cryptocurrencies are issued or traded.
We do not own or control the underlying software protocols that govern the operation of the supported cryptocurrencies.
In general, the underlying protocols are open source and can be used, copied, modified, and distributed by anyone. The underlying protocols of supported cryptocurrencies are subject to sudden changes in operating rules ("forks"), and these forks may materially affect the value, functionality, and/or even the name of the supported cryptocurrency.
Instead, cryptocurrencies are an independent and largely unregulated global currency system. Traders place their trust in a decentralized and partially anonymous digital system that relies on peer-to-peer networks and cryptography to keep them safe.
We do not provide financial advice in relation to Capital Wallet Services. We sometimes provide factual information, information about transaction procedures and information about potential risks.
However, any decision to use the Capital Wallet Services is made by you. No communication or information provided to you by Capital Wallet is intended to be investment advice, financial advice, trading advice or any other type of advice or should be considered or interpreted as investment advice, financial advice, trading advice or any other type of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is suitable for you in accordance with your personal investment objectives, financial circumstances and risk tolerance.
In addition, taxes on digital assets vary by jurisdiction. It is your responsibility to identify and comply with any tax obligations related to your use of the Capital Wallet Services. We recommend seeking independent professional advice regarding tax and legal matters.
You acknowledge that, when, where and as required by applicable legislation, Capital Wallet must report information regarding your transactions, transfers, distributions or payments to tax authorities or other public authorities. Applicable legislation may also cause Capital Wallet to request additional tax information, status, certificates or documentation from you. You acknowledge that failure to respond to such requests within any legally required timeframe may result in Capital Wallet withholding taxes from your capital, to be remitted to the tax authorities as required by the relevant law. We encourage you to seek professional and personal tax advice in relation to the above and before making any virtual asset transaction.
Virtual asset transactions are subject to high market risk and price volatility. Changes in value can be significant and may occur quickly and without warning. Past performance is not a reliable indicator of future performance. Currency exchange fluctuations will affect your gains and losses.
Here are the fees and costs related to capital wallet services here. Capital Wallet may, at any time and at its discretion, update fees and charges. Please be aware of all fees and charges that apply to you before you begin using Capital Wallet's services. Note that additional fees beyond Capital Wallet's control are also applied from the blockchain when executing a transaction in Digital Assets.
Capital Wallet strives to provide continuous and secure access to its Services. However, we do not guarantee the uninterrupted availability of the Services. Technical issues, network congestion, maintenance, or third-party service disruptions may affect access to the Capital Wallet Services or delay transactions.
Third parties, such as service providers, custodians and payment partners may be involved in providing Capital Wallet services. You may be subject to the terms and conditions of these third parties, and Capital Wallet will not be liable for any loss that these third parties may cause you.
Despite implementing industry-standard security measures, Capital Wallet cannot eliminate all risks associated with digital asset transactions. Users are responsible for securing their accounts, passwords and keys. Transactions in cryptocurrencies are generally non-refundable, and losses due to fraud, hacking, or unauthorized access may not be recoverable.
Due to the nature of virtual assets and the underlying technologies, there are a number of inherent risks, including but not limited to
1. Defects, flaws, defects, intrusions, hacks, bugs, errors, protocol failures, or unforeseen circumstances that occur with respect to the Virtual Asset or the technologies or economic systems on which the Virtual Asset is based;
2. Transactions in virtual assets are not recoverable. Thus, losses from fraudulent or accidental transactions may not be recoverable;
3. Technological development that leads to the obsolescence of the virtual asset;
4. Delays that cause the transaction to not be settled on the scheduled delivery date;
5. Attacks on the protocol or technologies on which the virtual asset relies, including, but not limited to:
Distributed Denial of Service
Sybil attacks
Phishing
Social engineering
Piracy
Sanding
Malware
Double spending
Majority mining attacks, consensus-based mining attacks, or other mining attacks
Disinformation Campaigns
Forks
Plagiarism
Cryptocurrency markets operate 24/7, and rapid price changes may occur at any time, including outside of normal business hours. Users are responsible for monitoring market conditions and managing their exposure to potential losses.
Electronic communications, including emails and platform notifications, may be subject to delays, failures, or security vulnerabilities. Users should exercise caution and verify communications to avoid fraud or unauthorized account access.
The legal and regulatory landscape for digital assets is evolving and may change over time. Regulatory developments in different jurisdictions can affect the availability, taxation, or legality of certain digital assets and services. Capital Wallet will comply with applicable laws but cannot predict how future regulations will affect your use of our platform.
By using the Capital Wallet Services, you acknowledge and accept the risks described in this document. We encourage you to conduct independent research and seek professional advice before engaging in cryptocurrency transactions.
If you have any questions regarding this risk warning, please contact Support team For further clarification.
