Risks of Using Crypto Currencies
Please ensure you fully understand all the following potential risks before using Express Minds Crypto Service
It is considered that you have agreed to all risks at account creation time.
- Price Change Risk
The price of cryptocurrency fluctuates constantly. Your cryptocurrency trade or balance could surge or drop suddenly. Please note that there is a possibility that the price of cryptocurrency could drop to zero.
- Business Hours Risk
The price of cryptocurrency could fluctuate, sometimes heavily, after Express Minds Crypto Service market hours. Express Minds does not take any responsibility for not being able to buy and sell cryptocurrencies after Express Minds Crypto Service market hours.
- Liquidity Risk
There is a possibility that trades cannot be settled, may be difficult to settle, or can be traded only at significantly adverse prices depending on the market situation and/or market volume.
- Cryptocurrency Network Risk
Cryptocurrency transactions (transaction verification on the Blockchain network) will be held for a certain period of time until an adequate amount of trade confirmations have been received. Transaction results will not be reflected to your wallet account balance until an adequate amount of confirmations have been received and confirmed. There is a possibility that your transaction may be cancelled on the Blockchain.
- Risk of Losing the Private Key or Password of the External Wallet Services