Terms and conditions

Last updated: January, 20 2025

Agreement to our legal terms and conditions

Preamble

We are WALLEX TECH S.R.L. ("Company," "we," "us," "our," "WALLEX").

We operate the website https://wallex.io and other connected websites including, but not limited to, swap.wallex.io and other domain names at any levels (subdomains) to the main domain “wallex.io” (the "Site"), the mobile application WALLEX or any other applications/groups/chats in any messenger/application (the "App"), as well as any other related products and services on the above-mentioned domains that are covered by these legal terms (the "Legal Terms") (collectively referred to as the "Services" or “Products and Services”). For using the Platform, its Products and Services by persons from the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Canada, European Economic Area (EEA) countries (European Union and its Member States including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden plus 3 European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, and Norway), New Zealand, Costa Rica, Paraguay, Crypto-restricted countries, Prohibited Countries, and other countries whose persons' access is restricted by these Legal Terms, we have the right to create additional websites/platforms.

You can contact us by email at [email protected].

These Legal Terms constitute a legally binding agreement made between you, whether personally or on behalf of an entity ("you"), and WALLEX TECH S.R.L. , concerning your access to and use of the Services. You agree that by accessing the Services, you have read, understood, and agreed to be bound by all of these Legal Terms. IF YOU DO NOT AGREE WITH ALL OF THESE LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY.

The Services are intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use or register for the Services.

We recommend that you print a copy of these Legal Terms for your records.

Terms and definitions

Crypto asset/Product: any digital asset (including any virtual asset/currency, any tokens/coins or virtual commodity) which is a digital representation of value based on (or built on top of) a cryptographic protocol of a computer network.

Crypto coin: is a type of cryptocurrency that operates on its own blockchain and serves primarily as a medium of exchange, store of value, or unit of account.

Cryptocurrency: Is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the U.S. dollar or Euro), cryptocurrencies are decentralized and typically operate on technology called blockchain.

Crypto Restricted Countries: Afghanistan, Algeria, Bangladesh, Bolivia, China, Costa Rica, Ecuador, Iran, Kuwait, Morocco, Nepal, New Zealand, Nigeria, Oman, Qatar, Saudi Arabia.

DCA (Dollar-Cost Averaging) order: Is an investment strategy where you divide the total amount to be invested across periodic purchases of a cryptocurrency, regardless of its price. The aim is to reduce the impact of volatility by spreading the purchase over time. This method is often employed in markets with high price fluctuations, like crypto, to mitigate the risk of making large investments at peak prices.

EU: Refers to the European Union, which consists of the following Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Feedback: Refers to comments, bug reports, ideas, or other feedback about the Platform, including suggestions on how to improve the Platform, its Products, and Services.

Limit Order: Is an order to buy or sell a cryptocurrency at a specific price or better. It ensures that you does not pay more than a predetermined price when buying or receive less than a set price when selling. This type of order is particularly useful when the trader has a specific price target in mind and is willing to wait for the market to reach that price.

Market Order: Is a type of order where you instruct a platform to buy or sell a cryptocurrency  immediately  at the best available price. Unlike limit orders, which specify a price at which you are willing to buy or sell, market orders execute the trade as quickly as possible at the current market price.

OCO (One Cancels the Other) Stop-Limit Order: Is a combined order that allows you to place two orders at once—a “limit order” and a “stop-limit order”—with the condition that if one is executed, the other gets canceled automatically. It helps traders manage risk by setting predetermined prices for both buying or selling crypto assets.

OCO Stop-Market Order: Is a type of order that allows you to place two market-related orders simultaneously—typically a “stop-market order” and a “limit order”. The idea is that once one of these orders is executed, the other is automatically canceled. This type of order is used to automate trades in volatile markets, managing risk by locking in profits or minimizing potential losses.

Order: Refers to an instruction that you make on Platform to buy or sell a cryptocurrency. There are various types of orders, each designed to give the trader different levels of control over the price and time at which a trade is executed.

Person: Refers to individuals, trusts/foundations, partnerships, financial institutions (such as banks, investment funds, asset managers, insurance companies, other regulated/licensed investment entities), or other legal entities who reside in, are citizens of, are incorporated in, are licensed, are regulated in any way, pay taxes, or have a registered office or act from/have an IP address.

Platform: Refers to software IT solutions providing Persons with access to Blockchain Products and Services of WALLEX (SWAP, DeFi Smart Contracts, etc.), except the main site https://wallex.io, which provides all persons with common access to publicly available information.

Product: Any solution related to crypto/virtual asset/token investment, trading, or exchanging.

Prohibited Countries and Territories: Myanmar (Burma), Côte D'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, the so-called Donetsk People's Republic, Democratic Republic of the Congo, Iraq, Libya, New Zealand, the so-called Luhansk People's Republic, Mali, Nicaragua, Democratic People's Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, or any other state, country, or region that is included in the Sanction Lists.

Restricted Persons: Individuals, trusts/foundations, partnerships, financial institutions, or other legal entities who reside in, are citizens of, are incorporated in, are licensed, are regulated in any way, pay taxes, or have a registered office or act from/have an IP address in: a) the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), b) Canada, c) European Economic Area (EEA) countries (European Union and its Member States plus 3 European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, and Norway), d) Costa Rica, Paraguay, e) Afghanistan, Algeria, Bangladesh, Bolivia, China, Ecuador, Iran, Kuwait, Morocco, Nepal, Nigeria, Oman, Qatar, Saudi Arabia, or f) any Prohibited Countries and Territories, or those having digital wallets which have been previously classified or otherwise identified by international organizations or any state and governmental authorities of any jurisdiction as belonging to or affiliated with persons specially designated or otherwise included in the Sanction Lists, or which are frozen or otherwise prohibited for use by court decision or competent authority or are restricted or limited for use.

Sanction Lists: Any sanctions designations listed on economic/trade embargo lists and/or specially designated persons/blocked persons lists published by international organizations, as well as by state and governmental authorities of any jurisdiction, including, but not limited to, the lists of the United Nations, European Union and its Member States, United States, and United Kingdom sanctions lists.

Services: Software IT solutions on the Platform that allow you access to operations (investment, trading, or exchanging) with smart contracts within DeFi (decentralized finance), which offers financial services on public blockchains.

Slippage: In a crypto exchange (SWAP), slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used, meaning traders may have to settle for a different price than initially requested due to price movement.

Smart Contract: A self-executing program that automates the actions required in an agreement or contract. It consists of a set of instructions written in a programming language, stored and replicated on a blockchain, a decentralized and distributed ledger technology. Smart contracts enable the creation of decentralized applications (dApps) that can execute automatically when certain conditions are met, without the need for intermediaries or third-party involvement.

Stablecoin: Is a type of cryptocurrency that is designed to maintain a stable value by being pegged to a reference asset, such as a fiat currency (like the U.S. dollar), a commodity (like gold), or even other cryptocurrencies, which can make it not stable.

Stop-Loss Limit Order: Is a two-part order designed to protect against losses by selling an asset once its price falls to a certain level. Unlike a “stop-market order”, which converts to a market order when the stop price is hit, a stop-loss limit order only converts into a “limit order” once the stop price is reached. This allows the trader to specify the minimum price they are willing to sell at, providing more control but also adding some risk.

Stop-Loss Market Order: Is an order that triggers a market order to buy or sell an asset when the price reaches a predefined level, called the “stop price”. Once the stop price is reached, the order becomes a “market order”, which is executed immediately at the best available price in the market

SWAP: The exchange of one digital token/virtual asset for another, without the involvement of fiat currency (traditional money).

Token: Refers to a unit of value or digital asset that is created, managed, and transferred on a blockchain. Tokens can represent many different things, from currencies to assets or utility functions within a specific platform. While often used interchangeably with "cryptocurrency," tokens have a broader scope and can serve many purposes beyond being digital currencies.

Trailing Stop Order: Is a type of stop order that adjusts automatically as the market price of the asset moves in a favorable direction. The stop price "trails" the market price by a set percentage or dollar amount. This allows you to lock in profits or limit losses by keeping the stop order at a distance as the price rises, without needing to manually adjust the stop level. The trailing stop only triggers a sell (or buy) order when the market price moves against the position by the predefined distance.

Platform

The primary purpose of the Platform is to provide you with Services that allow access to operations with smart contracts within DeFi (decentralized finance), which offers financial services on public blockchains. We supply the Platform and necessary software, which we may change from time to time by adding, modifying, or amending its features. We do not control your personal blockchain activities, choice of contracts, or counter parties, nor do we accept or reject your smart contract investments or other actions, except as specified under "PROHIBITED ACTIVITIES" (please refer to the section below). All your transactions with existing DEFI smart contracts on our Platform in blockchain networks are securely linked together via hashes (“Decentralized distributed ledgers” or simply “Ledgers”), based on blockchain technology, which we neither own, control, nor operate. Therefore, we cannot guarantee that any transaction details you submit via the Platform will be confirmed and processed. All interactions performed by you via the Platform remain your sole responsibility.

By using the Platform, you acknowledge and agree that all your activities involving cryptocurrency, digital tokens, or digital assets must be confirmed and recorded in the corresponding ledger, namely the public blockchain. You acknowledge and agree that the transaction details you submit may not be completed, or may be substantially delayed or fail due to blockchain issues, and we are not responsible for any errors, forks, or omissions that you make in connection with any virtual currency transaction initiated via the Platform. We will not be liable for any errors or losses you incur as a result. You are responsible for carefully reviewing your transaction details before transferring any virtual/crypto currency, digital tokens, or digital assets.

The Platform may include additional options for informational, security, and entertainment purposes.

We do not operate in any capacity with your virtual/crypto currency, digital tokens, or digital assets, and all interactions are conducted on third-party ledgers/platforms/mobile applications/sites, subject to the corresponding terms and conditions of use. Any transfer of virtual/crypto currency, digital tokens, or digital assets occurs on the corresponding blockchain and not on any network owned by us. We therefore cannot guarantee that we or the Platform can affect the transfer of title or rights in any virtual/crypto currency, digital tokens, or digital assets.

Intellectual property rights

Our Intellectual Property:

We own or license all intellectual property rights in our Services, including all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics (collectively, the "Content"), as well as the trademarks, service marks, and logos contained therein (the "Marks"). Our Content and Marks are protected by copyright, trademark laws, and various other intellectual property and unfair competition laws and treaties worldwide. The Content and Marks are provided through the Services "AS IS" for your personal, non-commercial use or internal business purposes only.

Your Use of Our Services:

Subject to your compliance with these Legal Terms, including the "PROHIBITED ACTIVITIES" section, we grant you a non-exclusive, non-transferable, revocable license to:

• Access the Services;
• Download or print a copy of any portion of the Content to which you have properly gained access, solely for your personal, non-commercial use or internal business purposes.

Except as outlined in this section or elsewhere in our Legal Terms, no part of the program codes, Services, Content, or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever without our express prior written permission.

If you wish to use the program codes, Services, Content, or Marks other than as set out in this section or elsewhere in our Legal Terms, please direct your request to [email protected]. If we grant you permission to post, reproduce, or publicly display any part of our Services or Content, you must identify us as the owners or licensors of the Services, Content, or Marks, and ensure that any copyright or proprietary notice appears or is visible on posting, reproducing, or displaying our Content.

We reserve all rights not expressly granted to you in the program codes, Services, Content, and Marks.

Your Submissions:

Before using our Services, please carefully review this section and the "PROHIBITED ACTIVITIES" section to understand the rights you grant us and the obligations you have when posting or uploading any content through the Services.

Submissions: By sending us any questions, comments, suggestions, ideas, feedback, or other information about the Services ("Submissions"), you agree to assign to us all intellectual property rights in such Submissions. You acknowledge that we shall own these Submissions and are entitled to their unrestricted use and dissemination for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you.

By submitting any comments, bug reports, ideas, or other feedback about the Platform, including, without limitation, suggestions for improving the Platform, its Products, and Services ("Feedback"), you agree that we are free to use such Feedback at our discretion and without additional compensation to you, and to disclose such Feedback to third parties (whether on a non-confidential basis or otherwise). If necessary under applicable law, you hereby grant us a perpetual, irrevocable, non-exclusive, transferable, worldwide license under all necessary rights to incorporate and use your Feedback for any purpose.

Responsibility for Your Submissions:

By sending us Submissions through any part of the Services, you confirm that:

• You have read and agree with our "PROHIBITED ACTIVITIES";
• You will not post, send, publish, upload, or transmit any Submission through the Services that is illegal, harassing, hateful, harmful, defamatory, obscene, bullying, abusive, discriminatory, threatening to any person or group, sexually explicit, false, inaccurate, deceitful, or misleading;
• To the extent permissible by applicable law, you waive any and all moral rights to such Submissions;
• You warrant that any such Submissions are original to you or that you have the necessary rights and licenses to submit such Submissions and that you have full authority to grant us the rights mentioned above;
• You represent that your Submissions do not constitute confidential information.

You are solely responsible for your Submissions and agree to reimburse us for any losses we may suffer due to any breach by you of this section, any third party's intellectual property rights, or applicable law.

Your smart-contracts, products, materials, NFT, ideas, comments, feedbacks etc. placed on the Platform.

By using any of our Products or Services, you grant us a worldwide, non-exclusive, sublicensable, royalty-free license to use, copy, modify, remove, and display any product, smart contract, strategy, and/or content you propose, including but not limited to text, materials, images, files, communications, comments, feedback, suggestions, ideas, concepts, questions, data, and other forms of content that you post on or through any of our Products for our current and future business purposes. This is to provide, promote, and improve the Services. This license includes any digital files, art, or other materials linked to or associated with any NFTs that are displayed. Additionally, you grant us a non-exclusive, transferable, worldwide, perpetual, irrevocable, fully-paid, royalty-free license, with the right to sublicense, under any and all intellectual property rights that you own or control, to use, copy, modify, and create derivative works based upon any suggestions or feedback for any purpose.

You represent and warrant that you have, or have obtained, all rights, licenses, consents, permissions, power, and/or authority necessary to grant the rights herein for any product or material that you list, post, promote, or display on or through any of our Products (including, but not limited to, NFTs). You also represent and warrant that such content does not contain material subject to copyright, trademark, publicity rights, or other intellectual property rights unless you have the necessary permission or are otherwise legally entitled to post the material and to grant us the license described above, and that the content does not violate any laws.

If (i) you satisfy all of the eligibility requirements set forth in the Legal Terms, and (ii) your access to and use of the Platform, Products, and Services comply with the Legal Terms, you are hereby granted a single, personal, limited license to access and use the Platform. This license is non-exclusive, non-transferable, and may be freely revoked by us at any time without notice or cause, at our sole discretion. Use of the Platform for any purpose not expressly permitted by the Legal Terms is strictly prohibited.

Your use of third-party intellectual property rights related to Third-Party Products and Services is governed by applicable third-party legal terms and conditions.

Representations and warranties

By using the Services, you represent and warrant that:

1. All registration information you submit will be true, accurate, current, and complete;
2. You will maintain the accuracy of such information and promptly update such registration information as necessary;
3. You have the legal capacity and agree to comply with these Legal Terms;
4. You are not a minor in the jurisdiction in which you reside;
5. You will not access the Services through automated or non-human means, whether through a bot, script, or otherwise;
6. You will not use the Services for any illegal or unauthorized purpose; and
7. Your use of the Services will not violate any applicable law or regulation.

If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Services (or any portion thereof).

We provide no representations or warranties as to the Platform. You expressly understand and agree that your use of the Platform is at your sole risk. We explicitly disclaim all representations and warranties, whether express, implied, or statutory. Specifically, we do not represent or warrant, and expressly disclaim any representation or warranty, express, implied, or statutory, including without limitation, any representations or warranties of title, non-infringement, merchantability, usage, security, suitability, or fitness for a particular purpose, or as to the workmanship or technical coding thereof, or the absence of any defects therein, whether latent or patent. We do not represent or warrant that the Platform, code, and any related information are accurate, complete, reliable, current, or error-free. The Platform is provided on an "as is" and "as available" basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, or non-infringement. You acknowledge that no advice, information, or statement that we make should be treated as creating any warranty concerning the Platform. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Platform.

By using or accessing the Platform, you represent and warrant that you understand the inherent risks associated with virtual currency and the underlying technologies, including, without limitation, cryptography and blockchain. You agree that WALLEX is not responsible for any losses or damages associated with these risks. You also represent and warrant that you understand that we do not guarantee the execution of any request signed by you for using platform Services or purchasing Products (including, but not limited to, SWAP trades). We will only attempt to find execution of your request at the time chosen by you. Even if we confirm execution, it does not guarantee the execution will occur with the proposed result.

By using or accessing the Platform, you represent to us that you are not subject to the Sanction Lists and you are not a Restricted Person, as defined by the Legal Terms. "Sanction Lists" means any sanctions designations listed on economic/trade embargo lists and/or specially designated persons/blocked persons lists published by international organizations, as well as any state and governmental authorities of any jurisdiction, including, but not limited to, the lists of the United Nations, European Union and its Member States, United States, and United Kingdom sanctions lists.

User registration and eligibility

To make comments or engage in certain types of activities on the site https://wallex.io, you may be required to create an account or share your personal information. Registration is generally automatic when transitioning to our site in the Web3 zone with an existing registration of your Wallet, or by your choice of any existing service or smart contract on the Platform. We reserve the right to remove and/or reclaim your account if we determine, in our sole discretion, that it is connected to prohibited activity, breaches our Legal Terms and conditions, or if you are not compliant with applicable legislation.

Our Platform is NOT offered to individuals, trusts/foundations, partnerships, financial institutions (banks, investment funds, asset managers, insurance companies, other regulated/licensed investment entities), or other entities who reside in, are citizens of, are incorporated in, licensed, regulated in any way, pay taxes, or have a registered office or are acting from/having an IP address in the following:

United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Canada, New Zealand, European Economic Area (EEA) countries (European Union and its Member States, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden plus 3 European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, and Norway), Paraguay Crypto restricted countries (Afghanistan, Algeria, Bangladesh, Bolivia, China, Costa Rica, Ecuador, Iran, Kuwait, Morocco, Nepal, Nigeria, Oman, Qatar, Saudi Arabia), any Prohibited Countries and territories (Myanmar (Burma), Côte d'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, the so-called Donetsk People's Republic, Democratic Republic of Congo, Iran, Iraq, Libya, New Zealand, the so-called Luhansk People's Republic, Mali, Nicaragua, Democratic People's Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, or any other state, country, or region that is included in the Sanction Lists).

These individuals are referred to as "Restricted Persons." We do not make exceptions. If you are a Restricted Person, do not attempt to access or use the Platform. The use of a virtual private network (VPN) or other means by Restricted Persons to access or use the Platform is prohibited.

By using the Platform, you state that you:

• (a) are at least 18 years old if you are an individual, or are properly established and recognized as a legal entity with all necessary licenses and governmental approvals,
• (b) do not violate any laws of your jurisdiction by using the Platform,
• (c) are not located in, do not reside in, are not established in, are not regulated/licensed, do not have an office, are not registered, and are not acting from/having an IP address in any of the jurisdictions listed as "Prohibited Countries and Territories," and
• (d) are not a "Restricted Person."

You are solely responsible for compliance with all applicable legislation related to your use of or access to the Platform.

We reserve the right to disable access to the Platform at any time in the event of any breach of the Legal Terms, including, but not limited to, if we, in our sole discretion, believe that you fail to satisfy the eligibility requirements set forth in the Legal Terms at any time. Furthermore, we reserve the right to limit or restrict access to the Platform to any person or entity, or within any geographic area or legal jurisdiction, at any time and at our sole discretion. We will not be liable for any losses or damages you may suffer as a result of or in connection with the Platform being inaccessible to you at any time or for any reason.

WALLEX does not interact with digital wallets that have been previously classified or identified by international organizations or any state and governmental authorities as belonging to or affiliated with persons specially designated or otherwise included in the Sanction Lists, or which are frozen or otherwise prohibited for use by a court decision or competent authority.

Third-Party Restrictions: Our Platform may include Third-Party Services. Your interaction with and use of Third-Party Services are governed by the respective terms and conditions of the third-party providers, which may include eligibility requirements, restrictions on certain countries and territories, and other eligibility-related terms. Your access to certain products and/or features of the Platform may be restricted by these providers. We only facilitate your interaction with these Third-Party Services and bear no liability for any restrictions imposed by them. It is your responsibility to review those terms and conditions and ensure that you meet the requirements set forth therein.

Prohibited Countries and Territories: WALLEX does not interact with digital wallets located in, established in, or owned by persons resident in or acting from/having an IP address in Myanmar (Burma), Côte d'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, the so-called Donetsk People's Republic, Democratic Republic of Congo, Iran, Iraq, Libya, New Zealand, the so-called Luhansk People's Republic, Mali, Nicaragua, Democratic People's Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, or any other state, country, or region included in the Sanction Lists.

Non-Circumvention: You agree not to access the Platform using any technology for the purpose of circumventing these Legal Terms.

Subscriptions, expense

Subscriptions

We reserve the right to approve, amend, or cancel any subscription plan for any Platform Products and/or Services at any time.

Billing and Renewal

Your subscription will continue and automatically renew unless canceled. You consent to our charging your payment method on a recurring basis without requiring your prior approval for each recurring charge, until you cancel the applicable subscription. The length of your billing cycle may be quarterly and/or annually.

Amendment and Cancellation

You can change your subscription plan at any time, which will take effect at the end of the current paid term (for the new billing cycle). You cannot cancel your subscription mid-term; it can only end once the paid period is finished. If you have any questions or are unsatisfied with our Services, please email us at [email protected].

Subscription Fee Changes

We may unilaterally change the subscription fees from time to time and will communicate any price changes to you in accordance with applicable law.

Expenses and Fees

The Final price for Using of Services or buying of Products on Platform by you will include all expenses and Platform/third parties fees. For SWAP products and services, the expected amount and the slippage you have chosen for your request will be shown in each offer. Please note that the final amount can be decreased on mentioned slippage. Acceptance of our offer has legal effect for you only for the time period suggested by us. We also reserve the right to take reimbursement for expenses related to non-execution ("Reimbursement") of any unexecuted exchange, which will also be reflected in our offer to you and must be accepted by you. We reserve the rights to: 1) execute the accepted by you offer with a smaller size or without the Slippage determined by you, and 2) execute the accepted by you offer with a better financial result.

For SWAP products and services, the final price for your request will be shown in each offer, minus Slippage (which size you have chosen). Acceptance of our offer has a legal effect for you only for the time period suggested by us. We also reserve the right to take reimbursement for expenses related to non-execution ("Reimbursement") of any unexecuted exchange, which will also be reflected in our offer to you and must be accepted by you. We reserve the rights to: 1) execute the accepted by you offer with a smaller size or without the Slippage determined by you, and 2) execute the accepted by you offer with a better financial result.

Prohibited activities

You may not access or use the Services for any purpose other than that for which we make the Services available. The Services may not be used in connection with any commercial endeavors except those specifically endorsed or approved by us.

As a user of the Services, you agree not to:

1. Systematically retrieve data or other content from the Services to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
2. Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
3. Circumvent, disable, or otherwise interfere with security-related features of the Services, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Services and/or the Content contained therein.
4. Engage in unauthorized data mining, robots, scraping, or similar data gathering or extraction methods.
5. Disparage, tarnish, or otherwise harm, in our opinion, us and/or other users.
6. Use any information obtained from the Services to harass, abuse, or harm another person.
7. Make improper use of our support services or submit false reports of abuse or misconduct.
8. Infringe or violate any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under the law.
9. Use the Services in a manner inconsistent with any applicable laws or regulations.
10. Engage in unauthorized framing of or linking to the Services.
11. Upload or transmit (or attempt to upload or transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party's uninterrupted use and enjoyment of the Services or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Services.
12. Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.
13. Delete the copyright or other proprietary rights notices from any Content.
14. Buy, sell, or otherwise transfer or use stolen or fraudulently obtained items, including crypto, fiat or virtual currency, digital coins, or other virtual/digital assets.
15. Seek to defraud us or any other person or entity, including providing any false, inaccurate, or misleading information to unlawfully obtain another's property.
16. Attempt to impersonate another user or person or use the username of another user.
17. Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including, without limitation, clear graphics interchange formats ("gifs"), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as "spyware" or "passive collection mechanisms" or "pcms").
18. Interfere with, disrupt, or create an undue burden on the Services or the networks or services connected to the Services.
19. Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Services to you.
20. Attempt to bypass any measures of the Services designed to prevent or restrict access to the Services, or any portion of the Services.
21. Violate any applicable laws, rules, or regulations concerning the integrity of trading markets, including, but not limited to, the manipulative tactics commonly known as "rug pulls," pumping and dumping, and wash trading.
22. Copy or adapt the Services' software, including but not limited to Flash, PHP, HTML, JavaScript, or other code.
23. Except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or making up a part of the Services.
24. Use, launch, develop, or distribute any automated system, including, without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Services, or use or launch any unauthorized script or other software.
25. Use a buying agent or purchasing agent to make purchases on the Services.
26. Engage in any unauthorized use of the Services, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses.
27. Use the Services as part of any effort to compete with us or otherwise use the Services and/or the Content for any revenue-generating endeavor or commercial enterprise.
28. Sell or otherwise transfer your profile or account.

Your use of the platform. Risk assessment

By clicking on the "Continue," "Accept," or a similar button, or by using an appropriate link and/or the Platform, you agree to the Legal Terms and Conditions of this Agreement.

We do not control your crypto investments and transactions and execution of smart contracts. You specifically acknowledge and agree that the Platform facilitates your transactions with decentralized ledgers and blockchain networks and technologies. As such, we have no control over any blockchain or virtual currencies or digital assets and cannot guarantee that your transactions will be confirmed on the relevant blockchain. We also do not have the ability to effectuate any cancellation or modification requests regarding your transactions.

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Types of orders

On the Platform you can make following orders:

• 'LIMIT';
• 'MARKET';
• 'STOP_LOSS_LIMIT';
• 'STOP_LOSS_MARKET';
• 'TRAILING_STOP';
• 'DCA' TWA;
• 'OCO_STOP_LIMIT';
• 'OCO_STOP_MARKET'.

A Limit Order in crypto trading is an order to buy or sell a cryptocurrency at a specific price or better. It ensures that you do not pay more than a predetermined price when buying or receive less than a set price when selling. This type of order is particularly useful when traders have a specific price target in mind and are willing to wait for the market to reach that price.

How a Limit Order Works:

Buy Limit Order: The order will only execute if the cryptocurrency's market price reaches or falls below the specified buy price.

Sell Limit Order: The order will only be executed if the market price rises to or exceeds the specified sell price.

For example, if Bitcoin is trading at $30,000, but you want to buy it at $28,000, you can place a buy limit order at $28,000. The order will only be executed when Bitcoin’s price drops to $28,000 or below. Conversely, if you want to sell Bitcoin at $35,000, you can place a sell limit order at that price, and the order will only be executed when Bitcoin reaches $35,000 or higher.

Benefits:

• Price Control: The primary advantage of a Limit order is that it gives the trader control over the price at which they buy or sell, avoiding the risk of market fluctuations and unexpected prices.
• No Immediate Execution: Unlike market orders, which execute instantly at the best available price, limit orders only execute when the price meets the criteria. This can be advantageous in volatile markets.
• Better for Planning: Limit orders allow traders to plan their trades in advance without constantly monitoring the market.

Risks for You:

1. Non-Execution Risk:
   The biggest risk with Limit orders is that they may never execute. If the market does not reach the desired price, the order remains open, potentially leaving the trader without the asset or unable to sell at the desired level.Example: If Bitcoin never drops to $28,000, your buy limit order won't be executed, and you might miss out on opportunities to buy Bitcoin as the price continues to rise..
2. Market Gap:
   In fast-moving markets, the price might quickly pass the limit price without executing the order due to high volatility or gaps in price movement.Example: If Bitcoin jumps from $34,800 to $35,200, a sell limit order at $35,000 might not execute due to the rapid price movement.
3. Partial Fills: Limit orders may be partially filled, especially in low-liquidity markets. For instance, if you want to sell 10 BTC at $35,000, but only buyers for 5 BTC are available at that price, you might only sell half your position.
4. Missed Opportunities:
   In fast-changing markets, waiting for a Limit order to execute may result in missed profits. If the market price moves past the limit price and keeps trending favorably, a trader could miss out on additional gains.
   Example: Selling Bitcoin at a limit price of $35,000 might seem like a good idea, but if the price continues to rise to $37,000, the trader misses out on those extra profits.
5. Expired Orders:
   Many exchanges allow Limit orders to expire after a set period if they are not filled. Investors need to keep track of their orders to avoid missing trades due to expiry.

In summary, Limit orders  offer greater control over price but come with risks like non-execution and missed opportunities. They are best suited for traders who have clear price targets and can afford to wait for the market to reach their desired price. However, in rapidly moving or highly volatile markets, the delay in execution can lead to potential downsides, such as missed trades or partial fills.

A Market Order in crypto trading is a type of order where you instruct a platform to buy or sell a cryptocurrency immediately at the best available price. Unlike limit orders, which specify a price at which you are willing to buy or sell, market orders execute the trade as quickly as possible at the current market price.

Key Characteristics of a Market Order:

• Immediate Execution: The main feature of a market order is that it is executed instantly at the best available price. It prioritizes speed over price precision.
• No Price Guarantee: Market orders do not guarantee the price at which the trade will be executed. Instead, they take the price offered by the order book at the time of the order.

Example of a Market Order:

• Buy Example: If you place a market buy order for Bitcoin (BTC) on an exchange, the platform will fill their order with the lowest available price for BTC in the market at that moment.
• Sell Example: If you place a market sell order for Ethereum (ETH), the exchange will match their order with the highest bid price currently available.

The market order in crypto trading has several benefits, particularly for traders who prioritize speed and convenience. While it comes with risks like slippage, it also offers advantages in specific situations. Here are the key benefits:

• Immediate Execution
  Benefit: Market orders are executed almost instantly, as they aim to fill the order at the best available price. This makes them the fastest way to enter or exit a position in the market.
  Use Case: If you need to buy or sell a cryptocurrency urgently, perhaps due to sudden news or a market move, a market order ensures that the trade happens without delay.
• Simplicity
  Benefit: Market orders are easy to understand and use, especially for beginners. Unlike limit orders, which require specifying a price, a market order only needs the trader to indicate the amount of cryptocurrency they want to buy or sell.
  Use Case: New traders who are less familiar with market mechanisms might find market orders convenient for quick trades without the need to understand advanced order types.
• Ensures Order Completion
  Benefit: A market order guarantees that the trade will be completed, provided there is sufficient liquidity. This can be crucial in fast-moving markets where prices change rapidly, and you want to ensure that your trade gets executed.
  Use Case: When a trader must exit a losing position immediately to prevent further losses, a market order ensures that the position is closed, regardless of slight price deviations.
• Useful for Highly Liquid Markets
  Benefit: In highly liquid markets (like Bitcoin or Ethereum), the risk of significant slippage is lower, and market orders can be executed quickly at near the current price.
  Use Case: For well-traded cryptocurrencies, where order books are thick (many buy/sell orders), market orders can be placed without worrying much about the price moving significantly.
• Reacting to Time-Sensitive Opportunities
  Benefit: In fast-moving markets, prices can change in seconds. Market orders allow traders to react to sudden price movements, news, or market events by quickly entering or exiting a trade. This is particularly important for day traders or momentum traders looking to capitalize on short-term price swings.
  Use Case: For example, when a trader sees a breakout or a sudden crash and wants to catch the price movement quickly, a market order ensures they don’t miss out by waiting for a limit order to be filled.
• Avoiding Missed Trades
  Benefit: In volatile markets, setting a Limit order at a specific price might result in a missed trade if the market moves quickly and never reaches the limit price. A market order ensures that a trade gets executed even if prices are moving rapidly.
  Use Case: If a trader believes that the price of a cryptocurrency is about to spike and doesn’t want to risk missing the trade, using a market order can ensure the position is opened.
• Efficient for Smaller Trades
  Benefit: For smaller trades, where liquidity is less of an issue, market orders are often filled at prices very close to the last quoted price. This makes them suitable for traders dealing in smaller volumes.
  Use Case: Retail investors making small trades in highly liquid coins may find that market orders offer a fast and simple way to execute trades with minimal impact on price.
• Avoiding Complex Order Management
  Benefit: With a market order, traders don’t need to manage their orders or constantly monitor the market to see if a limit price has been hit. The trade happens right away, reducing the need for constant oversight.
  Use Case: Traders who don’t have time to actively manage their positions can use market orders to execute their trades quickly and move on.

Risks of Market Orders for You:

Market orders are simple and useful for executing trades quickly, but they come with some risks, especially in volatile or low-liquidity markets. Here are the primary risks:

1. Price Slippage
   Definition: Price slippage occurs when the actual execution price of the order is different from the last quoted price. In volatile or illiquid markets, the price may move significantly between the time the order is placed and when it’s executed.
   Impact: If the market is moving quickly, you could end up paying more (or receiving less) than expected. For example, if you're trying to buy Bitcoin at $50,000 and there’s limited liquidity, the actual execution price may be higher, say $50,200, or even worse during a rapid price surge.
   How It Happens: Slippage happens because there may not be enough buy or sell orders at the desired price, especially for large orders or in thinly traded markets.
2. High Volatility Risk
   Cryptocurrencies are highly volatile, meaning their prices can fluctuate rapidly. If you use a market order during periods of high volatility, you may face extreme slippage or unfavorable execution prices. For instance, during a market crash, a sell market order might be executed far lower than anticipated because prices are dropping rapidly.
3. Liquidity Risk In markets with low liquidity (fewer buyers or sellers), using a market order can be risky. If there aren’t enough orders in the order book, a market order may sweep through multiple price levels to get filled, leading to substantial slippage.
   Example: If you place a market order to sell 10,000 units of a low-volume cryptocurrency, the order may fill at increasingly lower prices, potentially leading to significant losses.
4. Unfavorable Prices in Thin Order Books
   In a thin order book, where there are few orders at each price level, a market order might "eat through" the entire order book, filling at progressively worse prices.
   
   Example: If you're buying a cryptocurrency and the order book has large gaps between price levels, a market order could lead to your order being executed at far higher prices than anticipated.
5. Large Order Impact
   If you place a large market order, you can move the price significantly, especially in smaller or less liquid cryptocurrencies. This is known as market impact, where a large order causes the price to spike (or fall), leading to worse execution as the price moves against you.
   Example: If you place a market order to buy a large amount of a small-cap cryptocurrency, the sudden buying pressure might push the price higher, causing you to pay more for your order as it eats through higher ask prices.

Conclusion:

Market orders in crypto trading are useful when speed is a priority, but they come with significant risks, particularly due to slippage and volatility. Traders should be aware of these risks and consider using limit orders, especially in low-liquidity or highly volatile markets, to avoid getting unfavorable execution prices.

A Stop-Loss Limit Order in crypto trading is a two-part order designed to protect against losses by selling an asset once its price falls to a certain level. Unlike a stop-market order, which converts to a market order when the stop price is hit, a stop-loss limit order only converts into a limit order once the stop price is reached. This allows you to specify the minimum price they are willing to sell at, providing more control but also adding some risk.

How It Works:

• A. Stop Price:
  This is the trigger price. When the crypto asset’s price falls to this level, the stop-loss limit order is activated and converted into a Limit order.
• B. Limit Price:
  Once the stop price is reached, a limit order is placed to sell the asset at this specified price or better.
  The limit price is the minimum price at which the trader is willing to sell. If the price falls below this limit price, the order won’t be filled unless the market recovers to that level.

Example:

Asset: Bitcoin
Current Price: $30,000
You want to protect against a drop in price but don’t want to sell too low, so you set:
Stop Price: $28,000 (if the price drops to this level, the stop-loss order is triggered).
Limit Price: $27,500 (you will sell if the price reaches $28,000, but only if you can sell for at least $27,500 or better).
If the price drops to $28,000, the order becomes a limit order at $27,500. If the market falls too quickly and Bitcoin’s price is below $27,500, the order won’t be filled until the price rises back to that level.

Risks for You:

1. Order Not Executed in Fast-Moving Markets:
   Key Risk: If the market drops rapidly and the price falls below your limit price before the order can be filled, the order won’t be executed.
   Example: If Bitcoin drops from $30,000 to $27,000 in a short time and your stop-limit order is set at $28,000 with a limit of $27,500, it might not get filled since the market price is below your limit price. In this case, you’re left holding the asset as it continues to drop.
2. Illiquidity or Low Volume:
   If the crypto market is experiencing low trading volume or illiquidity, there may not be enough buyers at your limit price to fill the order. This could result in orders remaining unexecuted even though the stop price was hit.
3. Partial Fills:
   In some cases, the limit order may be partially filled, meaning that only a portion of the total position is sold. This leaves you exposed to further losses on the remaining position if the price continues to decline.
4. Market Gaps:
   A market gap  happens when the price jumps or drops significantly between trades. In this case, if the price falls below the limit price without passing through it, the order won’t be filled, and the asset might continue losing value without protection.Example: If Bitcoin closes at $28,500 and the next price is $27,000 (due to a major sell-off), a stop-limit order may not be triggered or filled as expected, leaving you exposed to losses.
5. Stop Price Too Close to Market Price:
   Setting the stop price too close to the current market price increases the likelihood of the order being triggered by normal market fluctuations (price "noise") rather than a genuine downturn. If this happens, you may sell unnecessarily in what turns out to be a temporary price dip, missing out on potential gains.
6. False Sense of Security:
   While a stop-loss limit order provides more control over the sell price compared to a stop-market order, it can give investors a false sense of security because it only guarantees an order will be placed, not that it will be executed. In volatile or illiquid markets, the set limit price might not be met, leaving your position exposed to further losses.
7. Stop-Hunting:
   Some traders or algorithms may attempt stop-hunting, where they push the price temporarily below stop levels to trigger stop orders before the price bounces back. If your stop price is hit but the market quickly reverses, you may have sold at a lower price, only to see the asset recover shortly after.
8. Overcomplicating the Strategy:
   Using too many price conditions (stop and limit) in a highly volatile market may lead to a situation where order conditions aren’t met, causing you to miss trades or suffer larger losses.

Comparison with Stop-Loss Market Order:

• Stop-Loss Market Order: When the stop price is hit, the asset is sold immediately at the best available market price. This ensures execution but may lead to slippage in fast-moving markets.
• Stop-Loss Limit Order: The asset is only sold if it can meet the specified limit price. This provides control over the price but carries the risk of the order not being executed at all if the price falls too quickly or below the limit.

Risks Recap:

1. Order May Not Get Executed:
   In a fast-moving market, the price may fall below the limit price, leaving the order unfilled.
2. Partial Fills:
   The limit order may be partially filled, leaving some exposure to further price declines.
3. Liquidity Issues:
   In illiquid markets, there may not be enough buyers at the limit price, causing the order to remain open.
4. Market Gaps:
   Large price gaps could cause your stop-limit order to be ineffective, leaving you unprotected during significant price drops.
5. False Breakouts or Stop-Hunting:
   Your order could be triggered by temporary price movements, causing you to sell at a lower price unnecessarily.

A stop-loss limit order is a useful tool but carries risks that are especially relevant in the volatile and unpredictable crypto market. Careful consideration of price levels, market conditions, and risk tolerance is essential when using this order type.

A Stop-loss Market Order in crypto trading is an order that triggers a market order to buy or sell an asset when the price reaches a predefined level, called the stop price. Once the stop price is reached, the order becomes a market order, which is executed immediately at the best available price in the market.

This type of order is often used by traders to limit losses or lock in profits during significant price movements, especially in volatile markets. It helps automate the trading process by selling an asset if its price drops to a certain level or buying if the price rises to a desired level.

How a Stop-Market Order Works:

• A. Stop Price:
  The stop price is the trigger point. Once the asset’s price hits this level, the stop-market order activates.
• B. Market Order:
  After the stop price is hit, the stop-market order converts into a market order. A market order is filled at the best available price in the market, which means it is executed immediately, but not necessarily at the stop price.

Example:

Asset: Bitcoin
Current Price: $30,000
You want to protect against further losses, so you set a stop-market order at $28,000. If the price drops to $28,000, the stop-market order is triggered, and Bitcoin is sold at the best available price. Depending on market conditions, it could be sold at $28,000 or lower if the price is falling rapidly.

Advantages:

• Automated Risk Management:
  A stop-market order automates the process of selling or buying, helping you manage your position without needing to monitor the market constantly.
• Immediate Execution:
  Once the stop price is reached, the order is executed immediately at the best available price, providing a swift exit from the market to limit losses or capture profits.

Risks for You:

1. Slippage:
   Slippage occurs when the actual execution price is different from the stop price due to fast market movements or low liquidity. In volatile markets, prices can drop (or rise) significantly in a short time, so your stop-market order may be executed at a much worse price than intended.
   Example: If Bitcoin’s price drops quickly from $30,000 to $27,500, and you had a stop-market order set at $28,000, the order might execute at $27,500 or even lower, depending on the market.
2. No Control Over Execution Price:
   When a stop-market order is triggered, it becomes a market order, meaning you have no control over the exact price at which the order is executed. This could be problematic in highly volatile or thinly traded markets, where the next available price might be significantly different from your stop price.
   Example: If there is a sudden market crash, your order may be executed at a price much lower than expected.
3. Market Gaps:
   A market gap occurs when the price jumps from one level to another without trading at intermediate prices. This can happen due to news events, low liquidity, or large orders entering the market. If a gap occurs below your stop price, the order may execute at the next available price, which could be far from your stop price.
   Example: You set a stop-market order at $28,000 for Bitcoin, but if the market gaps down to $26,000, the order would execute at $26,000, not $28,000.
4. False Breakouts:
   In volatile markets, false breakouts can occur where the price briefly moves below (or above) the stop price but quickly rebounds. A stop-market order could be triggered by this short-term fluctuation, causing you to exit your position prematurely before the price recovers.
   Example: If Bitcoin drops briefly to $28,000 but quickly rebounds to $29,000, your stop-market order would still execute at $28,000, causing you to miss out on the recovery.
5. Market Volatility:
   Stop-market orders are particularly vulnerable to volatile market conditions. In fast-moving markets, the price can move drastically between the time the stop is triggered and the order is executed, leading to execution at unfavorable prices.
6. Overuse in Choppy Markets:
   In markets with high volatility but no clear trend, the frequent triggering of stop-market orders may result in unnecessary trades, leading to small but frequent losses (death by a thousand cuts). This is especially problematic if the market frequently moves around your stop price.
7. Liquidity Problems:
   In a low-liquidity market, there might not be enough buyers or sellers at the desired price level when your stop is triggered, leading to a significant difference between the stop price and the actual execution price. This could result in a much worse price than expected.
8. Overexposure to Stop-Hunting:
   Stop-hunting occurs when other traders or bots intentionally push the price to trigger stop orders before reversing the direction. This can cause your stop-market order to execute at a bad price, even if the price quickly rebounds.

Summary of Risks:

Slippage in fast-moving markets; Lack of control over the execution price;  Market gaps causing unexpected execution prices; False breakouts triggering unwanted trades; Overuse in choppy markets leading to frequent unnecessary trades; Liquidity issues resulting in poor execution prices; Vulnerability to stop-hunting by other traders.

A stop-market order is a useful tool for traders who want to automate their risk management. However, due to its lack of price control and vulnerability to volatile conditions, it’s important to use it strategically and in combination with careful market analysis and risk management practices.

A Trailing Stop Order in crypto trading is a type of stop order that adjusts automatically as the market price of the asset moves in a favorable direction. The stop price "trails" the market price by a set percentage or dollar amount. This allows you to lock in profits or limit losses by keeping the stop order at a distance as the price rises, without needing to manually adjust the stop level. The trailing stop only triggers a sell (or buy) order when the market price moves against the position by the predefined size.

How a Trailing Stop Order Works:

• A. Trail Amount (Percentage or Dollar Value):
  The trail amount is the distance the stop price "trails" behind the current market price. This can be set as a fixed dollar amount or a percentage of the asset’s price.
• B. Dynamic Adjustment:
  As the price of the crypto asset rises (for a long position), the stop price moves up with it, maintaining the set distance (trail amount) between the current price and the stop price.
  If the market price starts falling, the stop price remains fixed at its highest level, locking in gains or limiting losses.
• C. Execution as a Market Order:
  When the asset’s price falls by the trailing amount from its highest point, the trailing stop order is triggered and converts into a market order, which executes at the best available price. You agree and trust that Platform will determine existed in the market (at execution) best available price.

Example:

Asset: Bitcoin
Current Price: $30,000
Trail Amount: 5%
If Bitcoin rises to $32,000, the trailing stop moves up to $30,400 (5% below $32,000). If the price then drops to $30,400, the trailing stop order is triggered, and Bitcoin is sold at the best available price. However, if Bitcoin continues to rise to $35,000, the trailing stop will move up to $33,250 (5% below $35,000). The trailing stop only triggers if the price falls by more than 5% from its peak.

Benefits of a Trailing Stop Order:

• Lock in Profits Automatically:
  A trailing stop order allows traders to capture profits as the asset price rises without having to manually adjust stop orders.
• Limit Losses:
  If the market reverses, the trailing stop locks in a sell order at the predefined trail distance, limiting the downside risk.
• Hands-Free Trading:
  Trailing stop orders automate the process of adjusting the stop price, allowing traders to benefit from upward price movements while protecting against downside risks without constantly monitoring the market.
• Flexible in Volatile Markets:
  Trailing stop orders are useful in volatile markets, where prices can fluctuate significantly. They allow traders to capture gains during price spikes while reducing exposure to price drops.

Risks for Traders:

1. Slippage:
   Similar to a stop-market order, when the trailing stop is triggered, it converts into a market order, which may be executed at a price different from the trailing stop level due to slippage. In volatile markets, prices can fall rapidly, and the execution price may be worse than expected.
2. Market Volatility:
   In highly volatile markets, the trailing stop may be triggered by short-term price fluctuations or "noise." This could result in an unnecessary sell if the price dips momentarily and then recovers.
   Example: Bitcoin rises to $32,000 and you set a trailing stop at $30,400 (5% below). If Bitcoin quickly drops to $30,400 due to volatility but rebounds shortly afterward, you might sell at $30,400 and miss out on further gains.
3. No Control Over Execution Price:
   When the trailing stop triggers, it becomes a market order. As with other market orders, you have no control over the price at which the order is executed. This can lead to unexpected prices in fast-moving markets, especially during periods of low liquidity.
4. Gap Risk:
   If the market gaps down (a sudden price drop without intermediate prices), the trailing stop will execute at the next available price, which could be significantly lower than the trailing stop level.
   Example: If Bitcoin closes at $35,000, and the next available price is $33,000, the trailing stop will execute at $33,000, even if the trail amount was set at $33,250.
5. Setting the Trail Amount Too Tight:
   If the trailing distance is set too close to the market price, minor fluctuations could trigger the trailing stop too early, resulting in a premature sell.
   Example: Setting a trailing stop of 1% in a market that fluctuates by 2-3% daily could cause the stop to trigger unnecessarily, preventing you from benefiting from longer-term upward price movements.
6. Stop-Hunting:
   Stop-hunting refers to when traders or algorithms push the price down temporarily to trigger stop orders before the market rebounds. If your trailing stop is too close to the market price, it could be triggered by these temporary price moves.
7. Over-reliance on Automation:
   While trailing stops are useful for automating risk management, over-reliance on them without closely monitoring the market can lead to missed opportunities. Sudden news events or market shifts may require manual intervention.
8. Incompatibility with Some Market Conditions:
   Trailing stop orders work best in trending markets where prices are moving in a clear direction. In choppy or sideways markets, frequent price reversals can trigger trailing stops unnecessarily, leading to multiple stop-outs and missed gains.

Comparison with Standard Stop Orders:

• Stop-Market Order: A fixed stop price is set, and when the price reaches that level, the order is triggered. The stop price remains constant.
• Trailing Stop Order: The stop price adjusts dynamically with the market price, allowing it to move higher (or lower) as the market price changes, but it never moves backward.

Summary of Risks:

• Slippage: Occurs when the trailing stop triggers in volatile markets, potentially leading to execution at a price significantly different from the expected stop level.
• Triggered by Short-Term Volatility: The trailing stop may be activated by temporary price fluctuations or market noise, resulting in unnecessary sell orders.
• Lack of Control Over Execution Price: Once the stop is triggered, there is no control over the execution price, leading to unexpected results in fast-moving markets.
• Gap Risk: In fast-moving or low-liquidity markets, gaps can occur, causing the trailing stop to execute at a significantly lower price than expected.
• Premature Stop-Outs: If the trailing distance is set too tight, minor fluctuations can trigger the stop too early, resulting in premature selling and missed gains.
• Vulnerability to Stop-Hunting: Trailing stops can be targets for stop-hunting, where traders or algorithms push prices down temporarily to trigger sell orders.
• Overuse of Automation: While automated, trailing stops may lead to missed opportunities during sudden market changes that require manual intervention.
• Ineffectiveness in Sideways Markets: Trailing stops may trigger frequently in choppy markets, leading to multiple losses or stop-outs without capturing significant gains.

A trailing stop order is a valuable tool for locking in profits and limiting downside risk in crypto trading, but it requires careful setup and awareness of the risks, especially in fast-moving or volatile markets.

A DCA (Dollar-Cost Averaging) order in crypto trading is an investment strategy where an investor divides the total amount to be invested across periodic purchases of a cryptocurrency, regardless of its price. The aim is to reduce the impact of volatility by spreading the purchase over time. This method is often employed in markets with high price fluctuations, like crypto, to mitigate the risk of making large investments at peak prices.

How DCA Works:

Instead of making a single large purchase, the investor buys a fixed dollar amount of the crypto asset at regular intervals (e.g., weekly, monthly).

For example, an investor might invest $100 in Bitcoin every month, buying more Bitcoin when the price is low and less when the price is high.

Over time, the average purchase price smooths out, reducing the risk of buying at a market high.

Benefits:

• Reduces Market Timing Risk: Since the investor purchases the asset at multiple price points, DCA helps avoid the risk of investing all funds at an inopportune time (such as during a price spike).
• Simplicity and Discipline: DCA automates the investment process, making it easier to stay consistent over time.
• Reduces Emotional Bias: By sticking to a regular investment schedule, DCA helps investors avoid emotional decisions based on short-term market movements.
• Volatility Mitigation: Particularly useful in volatile markets like crypto, DCA reduces the impact of price fluctuations.

Risks for You:

1. Missing Out on Large Gains:
   In a strongly bullish market where prices rise consistently, DCA can lead to lower profits compared to lump-sum investing. An investor might miss the opportunity to fully capitalize on a sustained price rise by spreading purchases over time.
2. Prolonged Bear Markets:
   If the market remains in a prolonged downtrend, DCA could lead to accumulating assets that continuously lose value, although this risk is offset in the long run if the market eventually recovers.
3. Transaction Fees:
   Since DCA involves making multiple trades, it can lead to higher cumulative transaction fees compared to making a single large purchase. This can eat into profits, especially on platforms that charge a flat fee per transaction.
4. Slower Gains:
   If the market moves upward quickly, DCA investors may experience slower growth since they buy in smaller chunks, whereas a lump-sum investor could benefit more from the upward trend.
5. Overconfidence in Long-Term Growth:
   DCA assumes that the asset’s price will rise over the long term. If an investor applies DCA to an asset that declines or fails to recover, they may still face significant losses.

DCA is a disciplined and lower-risk approach to crypto investing, but investors must be aware of the potential downsides, particularly in fast-moving markets. It’s important to consider transaction fees, potential missed gains, and market trends when deciding if DCA is the right strategy for you.

An OCO (One Cancels the Other) Stop-Limit Order in crypto trading is a combined order that allows you to place two orders at once—a limit order and a stop-limit order—with the condition that if one is executed, the other gets canceled automatically. It helps traders manage risk by setting predetermined prices for both buying or selling crypto assets.

Key Concepts:

• A. OCO (One Cancels the Other):
  You place two orders (a limit order and a stop-limit order) at the same time. If one order is executed, the other is automatically canceled.
• B. Stop-Limit Order:
  A stop price triggers the limit order. Once the stop price is reached, a limit order is placed at a specific price (or better).

How it works:

• Limit Order: Sets a price at which you want to buy or sell the asset.
• Stop-Limit Order: Sets a price range for selling (or buying) after a certain price level is reached.

Example:

Asset: Bitcoin
Current Price: $30,000
You believe Bitcoin could either break higher or drop, so you set: Limit Order (sell): At $32,000 (if the price rises).
Stop-Limit Order (sell): If Bitcoin drops to $28,000, it triggers a sell order with a limit price at $27,500.
This strategy helps manage both potential gains (if price rises) and protect against losses (if price drops).

While an OCO (One Cancels the Other) Stop-Limit Order can be a useful tool in crypto trading for managing risk and automating trading decisions, it comes with several potential risks, problems, or losses that traders should be aware of:

1. Market Volatility:
   Sudden Price Swings: Crypto markets are notoriously volatile. Prices can fluctuate rapidly, and if your stop price is triggered, but the market price falls or rises too quickly, your limit order might not get filled, leaving you with an open position and potential losses.
   Price Gaps: In a highly volatile market, prices may gap over stop or limit prices, making it difficult to execute orders at the desired levels.
   
2. Order Execution Issues:
   Partial Fills: In illiquid markets or low-volume periods, your order may be only partially filled, leaving you with an incomplete trade and open exposure to risk.
   Order Not Filled: Since a stop-limit order only turns into a limit order when the stop price is triggered, if the market moves too fast, your limit price may never be reached, and the order will not be executed, resulting in no trade and continued exposure to risk.
   
3. Slippage:
   Slippage occurs when the actual execution price is different from your intended price, particularly during periods of high volatility. If slippage happens, your stop-limit order may trigger, but the order might not be executed at your desired limit price, leaving you exposed.
   
4. Cancellation Risk:
   Unexpected Cancellation: One leg of the OCO order could get canceled unexpectedly, or an execution error could occur (e.g., due to system glitches or connection issues), leaving you unprotected in the market.
   
5. Missed Profit Opportunities:
   In cases where the limit order is set too conservatively, you might sell or buy too early, missing out on additional profit opportunities in a fast-moving market.
   
6. Overcomplicating Strategy:
   Setting multiple conditions with an OCO order can lead to over-complication. If the market behavior doesn't align exactly with your predictions, you may end up either canceling an order that could have worked out or leaving yourself exposed to risk because of overly tight stop or limit conditions.
   
7. False Breakouts:
   A false breakout occurs when the price briefly moves in one direction (e.g., triggering your stop price), but then quickly reverses. In this case, your stop-limit order may be triggered and filled, but the price might move back in your favor afterward, resulting in unnecessary losses.
   
8. Liquidity Problems:
   In smaller or less liquid crypto markets, there may not be enough buyers or sellers at your stop or limit prices, meaning your orders might not get filled. Low liquidity can cause prices to move more erratically.
   
9. Fees:
   Frequent trading via OCO orders can incur higher trading fees, especially if both orders are set close together and trigger frequently. You need to account for these costs as they can eat into potential profits or exacerbate losses.
   
10. Over-reliance on Automation:
    While automation helps minimize emotions in trading, it also means that you may not react quickly to unexpected market changes or events, leading to unfavorable trades being executed without your active intervention.
    
11. System Glitches and Exchange Failures:
    Crypto exchanges can sometimes experience system outages, delays, or technical failures that prevent your OCO order from executing as expected. In extreme cases, you may not be able to place, modify, or cancel orders during high-traffic periods.
    
12. Stop-Hunting:
    Some traders or bots may attempt to "hunt" stop orders by driving prices to trigger stop-losses or stop-limits, causing liquidation or unwanted orders. If the stop price is triggered by such manipulation, your OCO strategy could lead to an unfavorable outcome.
    

Summary of Key Risks:

• Order Not Executing in Volatile Markets 
• Missed Profit Opportunities
• Overcomplication of Trading Strategy
• Unexpected Cancellations or System Failures
• High Fees or Slippage

An OCO Stop-Market Order in crypto trading is a type of order that allows investors to place two market-related orders simultaneously—typically a stop-market order and a limit order. The idea is that once one of these orders is executed, the other is automatically canceled. This type of order is used to automate trades in volatile markets, managing risk by locking in profits or minimizing potential losses.

How It Works:

1. OCO (One Cancels the Other):
   Two orders are placed simultaneously:
   A Limit order, which executes if the price reaches a specified level.
   A stop-market order, which triggers when the asset's price hits a predefined stop price and converts into a market order.
   When one of the orders is filled, the other is automatically canceled.
2. Stop-Market Order:
   A stop-market order automatically converts to a market order when the stop price is hit. It gets executed immediately at the best available price in the market, which can be advantageous in a fast-moving market.

Example:

Asset: Bitcoin
Current Price: $30,000
You think Bitcoin could either:
Rise to $32,000, at which point you want to sell to lock in profits.
Fall below $28,000, where you want to sell to minimize losses.
In this case, you could set up:
Limit Order: Sell at $32,000.
Stop-Market Order: Sell if the price drops to $28,000, which would trigger a market order.

If the price hits $32,000, the limit order executes, and the stop-market order is canceled. Conversely, if the price falls to $28,000, the stop-market order converts to a market order, and the limit order is canceled.

Potential Risks for you:

1. Market Volatility and Slippage:
   Since the stop-market order converts into a market order upon reaching the stop price, it can be executed at a significantly worse price than expected, especially in fast-moving or highly volatile markets. This is called slippage.
   During extreme volatility, prices can move drastically within milliseconds, leading to execution far away from your intended stop price.
   
2. False Breakouts:
   A false breakout can trigger the stop-market order, leading to an unwanted market order execution. If the price quickly rebounds after triggering the stop-market, investors could end up selling at a low point and miss a recovery in price.
   
3. Losses Due to Sudden Price Movements:
   If the price falls rapidly below the stop price, the market order could be executed at a significantly lower price. For example, if Bitcoin drops from \$30,000 to \$27,000 in seconds, a stop-market order set at \$28,000 could get executed at $27,500, depending on liquidity and volatility.
   
4. No Control Over Execution Price:
   With a stop-market order, there is no guarantee of the execution price. The order will be executed at the best available price once triggered, which could differ greatly from the stop price in thin or volatile markets.
   If liquidity is low, the execution price could be unfavorable, especially if large market orders cause price swings.
   
5. Overreliance on Automation:
   While the OCO setup provides automated protection, relying too much on it without active monitoring could lead to missed opportunities or unwanted trades.
   Market conditions can change rapidly, and if an investor isn’t paying attention, they may not have time to adjust their orders based on new information.
   
6. Market Gaps and Illiquidity:
   In illiquid markets or periods of low trading activity, there might not be enough buyers or sellers at the desired levels. This could lead to wider price gaps, with market orders executed at unexpected prices.
   
7. System or Exchange Failures:
   If the exchange experiences technical issues, outages, or delays, the OCO stop-market order might not execute as intended, leaving investors exposed to further price movement. In high-traffic periods, like when large price swings occur, exchanges sometimes experience lag, increasing execution risks.
   
8. Stop-Hunting:
   Some traders or algorithms may engage in stop-hunting, where they intentionally push the price to trigger stop orders. If this happens, your stop-market order might be triggered and executed at a worse price, only for the market to reverse shortly afterward.
   

Summary of Risks:

• Slippage in fast markets when the stop-market order triggers.
• False breakouts triggering the stop-market order unnecessarily.
• No control over the execution price once the stop-market order is triggered.
• Market gaps or low liquidity leading to unexpected execution prices.
• Stop-hunting or market manipulation triggering unwanted orders.
• System glitches or exchange issues affecting execution.

Mitigation Strategies:

• Set stop prices at reasonable levels that allow for normal market fluctuations while protecting against major losses.
• Monitor the market closely even if using an automated strategy, especially during periods of high volatility.
• Choose crypto exchanges with reliable order execution systems and liquidity to minimize slippage and delays.
• Consider the size of the order relative to market depth to avoid price manipulation or slippage issues.

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Term and termination

These Legal Terms shall remain in full force and effect while you use the Services. WITHOUT LIMITING ANY OTHER PROVISION OF THESE LEGAL TERMS, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SERVICES (INCLUDING BLOCKING CERTAIN IP ADDRESSES) TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE LEGAL TERMS OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SERVICES OR DELETE YOUR ACCOUNT AND ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION.

If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress.

Modifications and interruptions

We reserve the right to change, modify, or remove the contents of the Services at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Services. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Services.

We cannot guarantee that the Services will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Services, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Services at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Services during any downtime or discontinuance of the Services. Nothing in these Legal Terms will be construed to obligate us to maintain and support the Services or to supply any corrections, updates, or releases in connection therewith.

Governing law

These Legal Terms shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict of law principles. WALLEX TECH S.R.L.  and you irrevocably consent that the Panama Arbitration and Mediation Center (PAMC) shall have exclusive jurisdiction to resolve any dispute which may arise in connection with these Legal Terms. The Platform may not be available or appropriate for use in all jurisdictions. By accessing or using the Platform, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you. You further agree that we have no obligation to inform you of any potential liabilities or violations of law or regulation that may arise in connection with your access and use of the Platform and that we are not liable in any respect for any failure by you to comply with any applicable laws or regulations.

Dispute resolution

Informal Negotiations

To expedite resolution and control the cost of any dispute, controversy, or claim related to these Legal Terms (each a "Dispute" and collectively, the "Disputes") brought by either you or us (individually, a "Party" and collectively, the "Parties"), the Parties agree to first attempt to negotiate any Dispute (except those Disputes expressly provided below) informally for at least sixty (60) days before initiating arbitration. Such informal negotiations commence upon written notice from one Party to the other Party.

Binding Arbitration

Any dispute arising out of or in connection with these Legal Terms, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in accordance with the Arbitration Rules of the Panama Arbitration and Mediation Center (PAMC), which, as a result of referring to it, is considered as part of this clause. The number of arbitrators shall be three (3). The seat, or legal place, of arbitration shall be Panama City, Republic of Panama. The language of the proceedings shall be English. The governing law of these Legal Terms shall be the substantive law of the Republic of Panama.

Restrictions

The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. To the full extent permitted by law, (a) no arbitration shall be joined with any other proceeding; (b) there is no right or authority for any Dispute to be arbitrated on a class-action basis or to utilize class action procedures; and (c) there is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons.

Exceptions to Informal Negotiations and Arbitration

The Parties agree that the following Disputes are not subject to the above provisions concerning informal negotiations and binding arbitration: (a) any Disputes seeking to enforce or protect, or concerning the validity of, any of the intellectual property rights of a Party; (b) any Dispute related to, or arising from, allegations of theft, piracy, invasion of privacy, or unauthorized use; and (c) any claim for injunctive relief. If this provision is found to be illegal or unenforceable, then neither Party will elect to arbitrate any Dispute falling within that portion of this provision found to be illegal or unenforceable and such Dispute shall be decided by a court of competent jurisdiction within the courts listed for jurisdiction above, and the Parties agree to submit to the personal jurisdiction of that court.

Corrections and changes

Corrections: There may be information on the Services that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Services at any time, without prior notice.

Changes: We reserve the right in our sole and absolute discretion to make changes to how we operate the Products and/or Services accessible through the Platform, including adding new products, features, functionalities, modifying existing ones, altering any other aspect of the Platform, or temporarily or permanently suspending, discontinuing, or terminating your access to any or all portions of the Platform's functionality. Provided such modifications or discontinuations will not affect your access to your assets (if applicable), unless there are exceptional circumstances where doing so would (a) pose information security risks or intellectual property issues for us or other users, or (b) create other unwarranted risks, including violations of law. Such changes will be announced through the site.

Disclaimer

THE SERVICES ARE PROVIDED ON AN "AS-IS" AND "AS-AVAILABLE" BASIS. YOU AGREE THAT YOUR USE OF THE PLATFORM SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SERVICES AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SERVICES' CONTENT OR THE CONTENT OF ANY THIRD-PARTY SERVICES (WEBSITES OR MOBILE APPLICATIONS) LINKED TO THE PLATFORM SERVICES, AND WE ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY (1) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS; (2) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER RESULTING FROM YOUR ACCESS TO AND USE OF THE SERVICES; (3) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN; (4) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICES; (5) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SERVICES BY ANY THIRD PARTY; AND/OR (6) ANY ERRORS OR OMISSIONS IN ANY CONTENT AND MATERIALS OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE SERVICES. WE DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SERVICES, ANY HYPERLINKED WEBSITE, OR ANY WEBSITE OR MOBILE APPLICATION FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND WE WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND ANY THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES. AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE.

YOU EXPRESSLY UNDERSTAND AND AGREE THAT YOUR USE OF THE PLATFORM IS AT YOUR SOLE RISK. WE MAKE AND EXPRESSLY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY, AND WITH RESPECT TO THE PLATFORM AND THE CODE, WHETHER PROPRIETARY OR OPEN-SOURCE. WE SPECIFICALLY DO NOT REPRESENT AND WARRANT, AND EXPRESSLY DISCLAIM ANY REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED, OR STATUTORY, INCLUDING WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, USAGE, SECURITY, SUITABILITY, OR FITNESS FOR ANY PARTICULAR PURPOSE, OR AS TO THE WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT. WE DO NOT REPRESENT OR WARRANT THAT THE PLATFORM, CODE, AND ANY RELATED INFORMATION ARE ACCURATE, COMPLETE, RELIABLE, CURRENT, OR ERROR-FREE. THE PLATFORM IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. YOU ACKNOWLEDGE THAT NO ADVICE, INFORMATION, OR STATEMENT THAT WE MAKE SHOULD BE TREATED AS CREATING ANY WARRANTY CONCERNING THE PLATFORM. WE DO NOT ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY ADVERTISEMENTS, OFFERS, OR STATEMENTS MADE BY THIRD PARTIES CONCERNING THE PLATFORM.

ASSUMPTION OF RISK - GENERALLY

BY ACCESSING AND USING ANY OF OUR PRODUCTS, YOU REPRESENT THAT YOU ARE FINANCIALLY AND TECHNICALLY SOPHISTICATED ENOUGH TO UNDERSTAND THE INHERENT RISKS ASSOCIATED WITH USING CRYPTOGRAPHIC AND BLOCKCHAIN-BASED SYSTEMS, AND THAT YOU HAVE A WORKING KNOWLEDGE OF THE USAGE AND INTRICACIES OF CRYPTO AND VIRTUAL CURRENCY AND DIGITAL ASSETS OF ANY NATURE.

IN PARTICULAR, YOU UNDERSTAND THAT THE MARKETS FOR THESE DIGITAL ASSETS ARE NASCENT AND HIGHLY VOLATILE DUE TO RISK FACTORS INCLUDING, BUT NOT LIMITED TO, ADOPTION, SPEC

ULATION, TECHNOLOGY, SECURITY, AND REGULATION. YOU UNDERSTAND THAT ANYONE CAN CREATE A TOKEN, INCLUDING FAKE VERSIONS OF EXISTING TOKENS AND TOKENS THAT FALSELY CLAIM TO REPRESENT PROJECTS, AND YOU ACKNOWLEDGE AND ACCEPT THE RISK THAT YOU MAY MISTAKENLY TRADE THOSE OR OTHER TOKENS. SO-CALLED STABLECOINS MAY NOT BE AS STABLE AS THEY PURPORT TO BE, MAY NOT BE FULLY OR ADEQUATELY COLLATERALIZED, AND MAY BE SUBJECT TO PANICS AND RUNS.

FURTHER, YOU UNDERSTAND THAT SMART CONTRACT TRANSACTIONS AUTOMATICALLY EXECUTE AND SETTLE, AND THAT BLOCKCHAIN-BASED TRANSACTIONS ARE IRREVERSIBLE WHEN CONFIRMED. You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems, such as Ethereum, are variable and may increase dramatically at any time. You further acknowledge and accept the risk of selecting to trade in expert modes, which can expose you to potentially significant price slippage and higher costs.

IF YOU ACT AS A LIQUIDITY PROVIDER TO THE PROTOCOL THROUGH THE PLATFORM, you understand that your digital assets may lose some or all of their value while they are supplied to the protocol through the platform due to the fluctuation of prices of tokens in a trading pair or liquidity pool.

FINALLY, YOU UNDERSTAND THAT WE DO NOT CREATE, OWN, OR OPERATE CROSS-CHAIN BRIDGES, and we do not make any representation or warranty about the safety or soundness of any cross-chain bridge.

IN SUMMARY, YOU ACKNOWLEDGE THAT WE ARE NOT RESPONSIBLE FOR ANY OF THESE VARIABLES OR RISKS, do not own or control the protocol, and cannot be held liable for any resulting losses that you experience while accessing or using any of our platform products and services. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the platform to interact with the protocol.

NO WARRANTIES

EACH OF OUR PRODUCTS IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. To the fullest extent permitted by law, we disclaim any representations and warranties of any kind, whether express, implied, or statutory, including, but not limited to, the warranties of merchantability and fitness for a particular purpose. You acknowledge and agree that your use of each of our platform products and services is at your own risk. We do not represent or warrant that access to any of our platform products or services will be continuous, uninterrupted, timely, or secure; that the information contained in any of our platform products or services will be accurate, reliable, complete, or current; or that any of our platform products or services will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning any of our platform products or services. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning any of our platform products or services.

ANY PAYMENTS OR FINANCIAL TRANSACTIONS THAT YOU ENGAGE IN WILL BE PROCESSED VIA AUTOMATED SMART CONTRACTS. Once executed, we have no control over these payments or transactions, nor do we have the ability to reverse any payments or transactions.

NO INVESTMENT ADVICE

WE MAY PROVIDE INFORMATION ABOUT TOKENS IN PLATFORM PRODUCTS AND SERVICES, SOURCED FROM THIRD-PARTY DATA PARTNERS, THROUGH FEATURES SUCH AS RARITY SCORES, TOKEN EXPLORER, OR TOKEN LISTS. WE MAY ALSO PROVIDE WARNING LABELS FOR CERTAIN TOKENS. THE PROVISION OF SUCH INFORMATIONAL MATERIALS DOES NOT CONSTITUTE A SOLICITATION OF TRADES IN THOSE TOKENS; NOR ARE WE ATTEMPTING TO INDUCE YOU TO MAKE ANY PURCHASE BASED ON THE INFORMATION PROVIDED. ALL INFORMATION PROVIDED BY ANY OF OUR PLATFORM PRODUCTS AND SERVICES IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR A RECOMMENDATION THAT A PARTICULAR TOKEN IS A SAFE OR SOUND INVESTMENT. YOU SHOULD NOT TAKE, OR REFRAIN FROM TAKING, ANY ACTION BASED ON ANY INFORMATION CONTAINED IN ANY OF OUR PLATFORM PRODUCTS AND SERVICES. BY PROVIDING TOKEN INFORMATION FOR YOUR CONVENIENCE, WE DO NOT MAKE ANY INVESTMENT RECOMMENDATIONS TO YOU OR OPINE ON THE MERITS OF ANY TRANSACTION OR OPPORTUNITY. YOU ALONE ARE RESPONSIBLE FOR DETERMINING WHETHER ANY INVESTMENT, INVESTMENT STRATEGY, OR RELATED TRANSACTION IS APPROPRIATE FOR YOU BASED ON YOUR PERSONAL INVESTMENT OBJECTIVES, FINANCIAL CIRCUMSTANCES, AND RISK TOLERANCE.

Responsibility. Limitations of liability

WE ARE NOT RESPONSIBLE FOR THE SERVICES PROVIDED BY EXISTING BLOCKCHAINS, THIRD PARTIES, THE EXECUTION OF TRANSACTIONS, OR ANY OTHER ACTIONS OF SUCH THIRD PARTIES.

THE INFORMATION PROVIDED WHEN USING THE SERVICES IS NOT INTENDED FOR DISTRIBUTION TO OR USE BY ANY PERSON OR ENTITY IN ANY JURISDICTION OR COUNTRY WHERE SUCH DISTRIBUTION OR USE WOULD BE CONTRARY TO LAW OR REGULATION, OR WHICH WOULD SUBJECT US TO ANY REGISTRATION REQUIREMENT WITHIN SUCH JURISDICTION OR COUNTRY. ACCORDINGLY, THOSE PERSONS WHO CHOOSE TO ACCESS THE SERVICES FROM OTHER LOCATIONS DO SO ON THEIR OWN INITIATIVE AND ARE SOLELY RESPONSIBLE FOR COMPLIANCE WITH LOCAL LAWS, IF AND TO THE EXTENT LOCAL LAWS ARE APPLICABLE.

UNFORTUNATELY, DUE TO THE DECENTRALIZED NATURE OF THE LEDGERS, THERE IS NO SINGLE POINT OF FAILURE, AND THEREFORE, NEITHER WE NOR ANY PARTICULAR PARTY WILL BE RESPONSIBLE TO YOU FOR ERRORS OR ANY LOSSES THAT YOU SUFFER AS A RESULT.

YOU ARE SOLELY RESPONSIBLE FOR COMPLIANCE WITH ALL APPLICABLE LEGISLATION RELATING TO YOUR USE OR ACCESS TO THE PLATFORM.

UNDER NO CIRCUMSTANCES SHALL WE OR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, AFFILIATES, OR SUBSIDIARIES BE LIABLE TO YOU FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO ANY ACCESS TO, USE OF, OR INABILITY TO ACCESS OR USE ANY OF THE PRODUCTS. NOR WILL WE BE RESPONSIBLE FOR ANY DAMAGE, LOSS, OR INJURY RESULTING FROM HACKING, TAMPERING, OR OTHER UNAUTHORIZED ACCESS OR USE OF ANY OF THE PRODUCTS OR THE INFORMATION CONTAINED WITHIN THEM. WE ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY: (A) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT; (B) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, RESULTING FROM ANY ACCESS TO OR USE OF OUR PLATFORM; (C) UNAUTHORIZED ACCESS TO OR USE OF ANY SECURE SERVER OR DATABASE IN OUR CONTROL, OR THE USE OF ANY INFORMATION OR DATA STORED THEREIN; (D) INTERRUPTION OR CESSATION OF FUNCTION RELATED TO ANY OF THE PRODUCTS; (E) BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT MAY BE TRANSMITTED TO OR THROUGH THE PLATFORM; (F) ERRORS OR OMISSIONS IN, OR LOSS OR DAMAGE INCURRED AS A RESULT OF, THE USE OF ANY CONTENT MADE AVAILABLE THROUGH ANY OF THE PRODUCTS; AND (G) THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF ANY THIRD PARTY. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO US DURING THE SIX (6) MONTH PERIOD PRIOR TO ANY CAUSE OF ACTION ARISING.

WE HAVE NO LIABILITY TO YOU OR TO ANY THIRD PARTY FOR ANY CLAIMS OR DAMAGES THAT MAY ARISE AS A RESULT OF ANY PAYMENTS OR TRANSACTIONS THAT YOU ENGAGE IN VIA ANY OF OUR PRODUCTS, OR ANY OTHER PAYMENT OR TRANSACTIONS THAT YOU CONDUCT VIA ANY OF OUR PRODUCTS. EXCEPT AS EXPRESSLY PROVIDED HEREIN, WE DO NOT PROVIDE REFUNDS FOR ANY PURCHASES THAT YOU MIGHT MAKE ON OR THROUGH ANY OF OUR PRODUCTS.

WE MAKE NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, ABOUT LINKED THIRD-PARTY SERVICES, THE THIRD PARTIES THAT OWN AND OPERATE THEM, THE INFORMATION CONTAINED ON THEM, ASSETS AVAILABLE THROUGH THEM, OR THE SUITABILITY, PRIVACY, OR SECURITY OF THEIR PRODUCTS OR SERVICES. YOU ACKNOWLEDGE SOLE RESPONSIBILITY FOR AND ASSUME ALL RISK ARISING FROM YOUR USE OF THIRD-PARTY SERVICES, THIRD-PARTY WEBSITES, APPLICATIONS, OR RESOURCES.

WE SHALL NOT BE LIABLE UNDER ANY CIRCUMSTANCES FOR DAMAGES ARISING OUT OF OR IN ANY WAY RELATED TO SOFTWARE, PRODUCTS, SERVICES, AND/OR INFORMATION OFFERED OR PROVIDED BY THIRD PARTIES AND ACCESSED THROUGH ANY OF OUR PRODUCTS.

SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY

FOR PERSONAL INJURY, OR OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THIS LIMITATION MAY NOT APPLY TO YOU. IN NO EVENT SHALL OUR TOTAL LIABILITY TO YOU FOR ALL DAMAGES (OTHER THAN AS MAY BE REQUIRED BY APPLICABLE LAW IN CASES INVOLVING PERSONAL INJURY) EXCEED THE AMOUNT OF ONE HUNDRED U.S. DOLLARS ($100.00 USD) OR ITS EQUIVALENT IN THE LOCAL CURRENCY OF THE APPLICABLE JURISDICTION.

Indemnification

You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys' fees and expenses, made by any third party due to or arising out of: (1) your use of the Services; (2) your breach of these Legal Terms; (3) any breach of your representations and warranties set forth in these Legal Terms; (4) your violation of the rights of a third party, including but not limited to intellectual property rights; or (5) any overt harmful act toward any other user of the Services with whom you connected via the Services. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.

User data

We will maintain certain data that you transmit to the Services for the purpose of managing the performance of the Services, as well as data relating to your use of the Services. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Services. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.

Electronic communications, transactions, and signatures

Visiting the Services, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Services, satisfy any legal requirement that such communications be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SERVICES. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.

Miscellaneous

These Legal Terms, along with any policies or operating rules posted by us on the Services or in respect to the Services, constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Legal Terms shall not operate as a waiver of such right or provision. These Legal Terms operate to the fullest extent permissible by law. We may assign or transfer any or all of our rights and obligations under this Agreement at any time without notice. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Legal Terms is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Legal Terms and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment, or agency relationship created between you and us as a result of these Legal Terms or use of the Services. You agree that these Legal Terms will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Legal Terms and the lack of signing by the parties hereto to execute these Legal Terms.

You may not assign or transfer any or all of your rights and obligations under this Agreement, by operation of law or otherwise, without our prior written consent. Any attempt by you to assign or transfer this Agreement without such consent shall be null and void. Subject to the foregoing, this Agreement will bind and inure to the benefit of the parties, their successors, and permitted assigns.

Contact us

To resolve a complaint regarding the Services or to receive further information regarding the use of the Services, please contact us at:

WALLEX TECH S.R.L.

Email: [email protected]