Dear Investor:
Before using iBit for any operations, please carefully read and fully understand the following risk warnings. Cryptocurrency trading involves extremely high risks and may result in the loss of all your investment capital. You should ensure that you fully understand the risks involved and make prudent investment decisions based on your own risk tolerance, investment experience and financial situation.
I. MAIN RISK WARNINGS
1. Risk of Extreme Price Volatility
Cryptocurrency assets are known for their extreme price volatility. Prices can change dramatically in a short period of time, influenced by market sentiment, global regulatory news, technological updates, celebrity statements, macroeconomic factors and other complex factors. You must be prepared for the possibility of significant declines or even total loss of asset value.
2. 24/7 Trading Risk
The cryptocurrency market operates 24 hours a day, 7 days a week. Price fluctuations can occur at any time, including when traditional financial markets are closed, which may prevent you from responding to price changes in a timely manner.
3. Liquidity Risk
Some cryptocurrencies may suffer from insufficient liquidity. During periods of extreme market volatility or stress, you may be unable to buy or sell assets at reasonable market prices or at the desired speed, leading to increased losses.
4. Technical Risks
- Cyber Attacks: Exchanges, wallets or your own devices may become targets of hackers, phishing or fraud, resulting in the theft of your assets.
- Network Latency: During peak trading periods, network congestion, system delays or interruptions may occur, causing orders to fail or execute late, resulting in unexpected losses.
- Private Key Loss: If you use a decentralized wallet, losing your private key or mnemonic phrase will result in permanent loss of access to your assets.
5. Regulatory and Policy Risks
Regulatory policies for cryptocurrencies are still in their early stages and constantly evolving worldwide. New laws, regulations or policies introduced by any country or region may have significant and unpredictable impacts on the cryptocurrency market, including potential bans or restrictions on certain cryptocurrency transactions.
6. Project and Protocol Risks
- Fraudulent Projects: The market contains numerous fraudulent, pyramid or worthless projects (such as "scam coins" and "rug pulls"). Investing in such projects may result in total loss.
- Technical Defects: Blockchain technology and smart contracts behind cryptocurrencies may contain undiscovered vulnerabilities, leading to funds being exploited by hackers or permanently locked.
7. Leveraged Trading Risk
If you engage in leveraged, contract or derivative trading, your potential losses will be dramatically amplified, potentially far exceeding your initial margin. You may be required to add additional margin or face forced liquidation, resulting in total loss of principal or even debt.
II. IMPORTANT ADVICE
1. Never invest funds you cannot afford to lose: Only use idle funds that you are fully prepared to lose for investment.
2. Learn thoroughly and make prudent decisions: Before investing in any project, conduct thorough research yourself (DYOR - Do Your Own Research) and do not rely on any third-party recommendations or market rumors.
3. Manage asset security properly: Use strong passwords, enable two-factor authentication (2FA), and store large assets in reliable cold wallets.
4. Control risks: Avoid using high leverage, diversify your assets, and avoid concentrating all funds in a single asset.
Acknowledgment:
"I have carefully read and fully understood the entire content of this risk warning, and am fully aware of and willing to bear all risks associated with cryptocurrency trading. I understand that investment decisions are based on my own judgment and all consequences will be borne by me."