Risks Information

Any activity related to cryptocurrencies involves significant risks. Before using our services, you should carefully consider the risks listed below. If you have any doubts about what actions you should take, please consult your legal, financial, tax or other professional advisor. If any of the risks are unacceptable to you, you should not use our Services. You acknowledge and agree that you access and use the Services at your own risk. This document highlights some of the risks associated with transactions involving virtual currencies, cryptographic tokens, payment services, and other risks that you may wish to consider.

PAYMENT EXECUTION RISKS

Please note that we process and/or execute transactions as quickly as the relevant payment systems and financial networks allow (and any transaction may be completed by the next business day after we receive your payment order or instructions).

RISK OF FUNDS BEING UNAVAILABLE

We may close, suspend or restrict your access to any part of our Services and/or restrict your access to your account for as long as necessary to protect against liability if you violate or fail to comply with the Terms and Conditions, our policies and/or applicable law. For the avoidance of doubt, we may also permanently close, suspend or restrict your access to our Services.

BLOCKCHAIN NETWORK RISK

The completion of certain transactions involving virtual currencies, cryptographic tokens and/or other digital assets on Blockchains may be delayed for a period of time until a sufficient number of confirmations are received. There is a possibility that your transactions may be cancelled or remain unconfirmed on Blockchains. Transactions related to virtual currencies, cryptographic tokens and/or other digital assets may be irreversible and losses due to fraudulent or accidental transactions may not be recoverable. Some transactions involving virtual currencies, cryptographic tokens and/or other digital assets are deemed to have occurred when they are recorded in a public ledger, which may not be the date or time that you or another party initiated the transaction.

REGULATORY UNCERTAINTY

The regulatory framework applicable to payment service providers and transactions involving virtual currencies, cryptographic tokens, and/or other digital assets, such as the Accepted Assets, is still evolving and in transition. It is possible that your transactions may be, or may in the future become, subject to various reporting, tax or other obligations and requirements. Legal and regulatory changes at the national, regional (i.e., EU or EEA) or international level may materially and adversely affect the use, transfer, exchange and value of virtual currencies, cryptographic tokens and/or other digital assets, such as the Accepted Assets.

Trading virtual currencies involves a significant risk. Prices can fluctuate on any given day. Due to such price fluctuations, you can gain or lose the value of your assets at any moment. Any currency can be subject to large fluctuations in value and even become completely worthless. There is always an inherent risk of loss from buying, selling or trading anything in the market.

It is possible that the value of cryptocurrencies will decline significantly in the future. Unlike most currencies backed by governments or other legal entities, cryptocurrencies are a unique type of "fiat" currency backed by technology and trust. Traders rely on a digital, decentralized, and partially anonymous system that relies on peer-to-peer networks and cryptography to maintain its integrity.

NO INVESTMENT ADVICE

Fiat201 GmbH does not provide investment advice in connection with the Services. We may provide information about the price, range, volatility of cryptocurrencies and events that have affected the price of these currencies, but this is not considered investment advice and should not be construed as such. The contents of this document shall in no way be construed or understood as legal, financial, tax, accounting or other advice to users.

INTERNET-BASED RISKS

The use of an Internet-based platform involves risks, including, but not limited to, failure of hardware, software, and poor Internet connections. You acknowledge that we are not responsible for any communication failures, interruptions, errors, distortions or delays that may occur while using the Services, however caused. Some vulnerabilities or bugs may be introduced into the core infrastructure elements of the Software, which may result in the loss of cryptocurrency.

Cryptocurrency transactions are irrevocable; stolen or wrongfully transferred cryptocurrencies can be irretrievable. Once a transaction has been verified and recorded in a block added to the blockchain, an incorrect transfer of cryptocurrency or theft of cryptocurrency generally cannot be reversed and there can be no compensation for such transfer or theft.

FORCE MAJEURE

There is a risk that your transactions may be affected by system failures due to adverse events, natural disasters and other emergencies, and unforeseen significant changes in the external environment. With respect to losses due to events such as emergencies and force majeure, Fiat201 GmbH is not obligated to take any corrective action.

There may be additional risks not provided for or disclosed in these terms and conditions.

DEPOSIT GUARANTEE

Fiat201 GmbH is not subject to supervision by FINMA (Swiss Financial Market Supervisory Authority) and the deposits are not covered by the deposit guarantee scheme.

DISCLAIMER

Fiat201 GmbH does not guarantee the timeliness, accuracy and completeness of the information provided on the website and mobile application and disclaims any liability for it. You are responsible for your own personal finances. The owners of the Website and the Mobile Application, the Contributors, the Authors and the Partners do not guarantee under any circumstances the completeness or accuracy of the content found on the Website and the Mobile Application or its usefulness for any particular purpose. Therefore, the owners of the Website and the Mobile Application, the Contributors, the Authors, and the Partners make no promises or warranties and assume no responsibility for any liability, injury, or damage that you may incur while using the information provided on the Website or the Mobile Application. We do not promise that our content or services will be provided to you uninterrupted, timely, secure, or error-free. All information and content provided on the Website and Mobile Application is to be used as is. None of the information provided on the Website or Mobile Application is intended as a substitute for professional advice, and users are encouraged to seek such advice before making any decision.