Risk Warning and Disclaimer for Cryptocurrency Trading on KCEX Platform
1. The services provided on the KCEX platform, including spot trading, futures trading, and other related services, are only available for qualified users who meet the registration requirements of the KCEX platform (referred to as "Platform Users").
2. Platform Users are responsible for completing account real-name authentication and updating personal information.
3. Platform Users are responsible for securely managing their accounts and passwords. They should not entrust others to manage their accounts, and should not disclose their accounts and passwords to others. Any risks resulting from failure to do so will be borne by the Platform User.
4. While conducting cryptocurrency trading on the KCEX platform, Platform Users may face various risks including policy risk, compliance risk, profit risk, transaction risk, and force majeure risk. These risks are detailed as follows:
a) Policy Risk: Changes in national macro policies and related laws and regulations may affect the trading of cryptocurrencies, potentially resulting in losses for Platform Users. In this notice, "country" refers to the People's Republic of China, Hong Kong Special Administrative Region, Republic of Singapore, and the country where the Platform User is located.
b) Compliance Risk: Platform Users bear the risk of violating national laws and regulations in cryptocurrency trading.
c) Profit Risk: Due to the unique nature of cryptocurrency trading, its value is subject to significant fluctuations. Platform Users should be aware of the risk of negative returns from trading and financial management.
d) Transaction Risk: Transfers and trades between Platform Users are based on mutual recognition, and KCEX platform does not guarantee the success of any transaction.
e) Force Majeure Risk: Refers to unforeseeable and unavoidable objective circumstances such as natural disasters, wars, strikes, hacker attacks, etc. that may seriously affect the normal operation of the KCEX platform, potentially leading to losses for Platform Users or situations where cryptocurrencies are stolen, etc. For losses caused by force majeure, KCEX platform does not assume any civil liability.
f) Cryptocurrency Delisting Risk: The risk of developers of cryptocurrencies going bankrupt, undergoing liquidation, dissolution, or being forced to delist due to violations of national laws and regulations.
g) Technical Risk: In daily cryptocurrency trading, technical system failures or errors may lead to abnormal transactions, affecting the rights and interests of Platform Users.
h) Operational Risk: Risks arising from Platform User operational errors or violations of operating procedures.
i) Account Freeze Risk: Risks of account freezing or enforcement due to Platform Users being suspected of illegal or criminal activities, debt defaults, etc.
Prohibited Activities Notice for Cryptocurrency Trading on KCEX Platform
1. Prohibited activities include money laundering, false trading, illegal fundraising, fraud, etc. Platform Users are not allowed to register accounts using other people's identities, nor intentionally conceal or provide false information during KYC verification on the KCEX platform. KCEX platform has the right to take measures such as freezing accounts, terminating account usage, hiding, or delisting cryptocurrencies for Platform Users engaging in suspicious activities.
2. The content of this risk warning and disclaimer is illustrative in nature and does not fully enumerate all the risks and potential loss factors that Platform Users may face. Before Platform Users engage in cryptocurrency trading on the KCEX platform, please carefully read and understand the relevant trading rules, product activity details, as well as other related agreements and the full content of this risk warning and disclaimer. Please ensure that you have conducted sufficient risk assessment and made adequate financial arrangements to avoid bearing losses that are difficult to bear due to participating in cryptocurrency trading.
3. The risk of conducting cryptocurrency trading on the KCEX platform is borne by the Platform User. KCEX platform does not make any commitments to protect the principal and profits of Platform Users' cryptocurrencies or to guarantee any specific returns.
Platform User Commitment
Platform Users will not engage in any activities on the KCEX platform that may violate the laws and regulations of their respective countries. If a Platform User is suspected of engaging in illegal activities or if their trading behavior triggers the risk control mechanism of the KCEX platform, the Platform User agrees that KCEX platform has the right to freeze accounts, cancel accounts, and the Platform User is willing to bear the corresponding legal responsibilities.
Special Reminder: By clicking to agree to this risk warning and disclaimer, the Platform User indicates that they have understood and are willing to bear the risks and losses associated with trading. KCEX platform does not provide any guarantees or joint liabilities for the principal and profits of cryptocurrencies.
Risk Warning and Disclaimer
