Risk Disclosure

Effective Date: 6/27/2020

Cryptocurrency trading involves significant risks and may not be suitable for all investors. Before engaging in cryptocurrency trading, it is important to understand and consider the following risks:

1. Market Volatility:
Cryptocurrency markets are highly volatile, which means that the prices of cryptocurrencies can experience rapid and unpredictable fluctuations. This volatility can result in substantial gains, but it also carries the risk of significant losses.

2. Regulatory Risks:
The regulatory environment for cryptocurrencies varies by jurisdiction and is subject to change. Changes in regulations can affect the legality and operation of cryptocurrency trading platforms and may impact the value of cryptocurrencies.

3. Security Risks:
The security of cryptocurrency holdings and transactions is crucial. However, cryptocurrencies are susceptible to hacking, fraud, and other security breaches. Users must take precautions to protect their accounts and assets.

4. Liquidity Risks:
Liquidity in the cryptocurrency market can vary significantly. Some cryptocurrencies may have low trading volumes, which can lead to challenges in buying or selling assets at desired prices.

5. Loss of Access:
Losing access to your cryptocurrency wallet or trading account may result in the loss of assets. Users are responsible for securely storing their private keys and maintaining access to their accounts.

6. Lack of Consumer Protections:
Cryptocurrency transactions are generally irreversible, and there may be limited avenues for dispute resolution. Unlike traditional financial systems, there are often no regulatory protections or insurance for cryptocurrency losses.

7. Investment and Trading Risks:
Users should only invest what they can afford to lose. Cryptocurrency trading and investment decisions should be made based on thorough research and a clear understanding of the market dynamics.

8. Information Risks:
The cryptocurrency market is influenced by a variety of factors, including news, social media, and market sentiment. Users should be cautious about making trading decisions based solely on speculative information or unverified sources.

9. Technology Risks:
The technology underlying cryptocurrencies, including blockchain technology, is continually evolving. Users should be aware of potential software bugs, vulnerabilities, or forks that may impact their holdings.

10. Tax Implications:
Cryptocurrency transactions may have tax implications in some jurisdictions. Users are responsible for understanding and complying with relevant tax laws and regulations.

11. Trading Risks:
Leveraged trading, margin trading, and other advanced trading strategies can magnify both potential gains and losses. Users should exercise caution when using these strategies and understand the associated risks.

12. Know Your Customer (KYC) and Anti-Money Laundering (AML) Requirements:
Users are required to comply with KYC and AML requirements, which may include providing personal identification and financial information. Failure to do so may result in the suspension of account privileges.

By using our cryptocurrency trading services, you acknowledge that you have read and understood these risks. It is important to seek professional financial and legal advice if you have any doubts or concerns about your cryptocurrency trading activities. Norbycoin Market Global and its affiliates are not responsible for any losses incurred while trading cryptocurrencies.