Risk Disclosure
Digital Asset trading risks.
The risk of loss in trading Digital Asset pairs, and Digital Asset and Legal Tender pairs can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources, and you should know the following points:
You may sustain a total loss of the Funds in your respective Cryptocurrency Account, and, in some cases, you may incur losses beyond such Funds.
Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit or there is insufficient liquidity in the market.
All Digital Asset positions involve risk, and a “spread” position may not be less risky than an outright “long” or “short” position.
The use of leverage can work against you as well as for you and can lead to large losses as well as gains.
ALL THE POINTS NOTED ABOVE APPLY TO ALL DIGITAL ASSET PAIR AND DIGITAL ASSET AND LEGAL TENDER PAIR TRADING. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS ASSOCIATED WITH THESE TRADES.
Internet transmission risks.
You acknowledge that there are risks associated with utilizing an Internet-based platform such as the Services, including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Coinark shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when trading via or otherwise utilizing the Services, however caused.
Asset Transmission Risk.
You agree that there may be operational issues, human error, malicious conduct (such as fraud or cyber attack) and other risks associated with the transmission of Digital Assets, Legal Tender, which may delay, prevent, misdirect, or otherwise frustrate your ability to transfer Digital Assets, and Legal Tender. You agree that your Digital Assets are not deposited in to Coinark but to your own wallet until they are confirmed on the blockchain as transmitted by Coinark, and that Coinark is not responsible for any actions by you or third parties that delay, prevent, misdirect, or otherwise frustrate the deposit, withdraw, or transfer of Digital Assets, or Legal Tender to or from Coinark, the Services, or the Coinark websites and applications, or for any losses or fees resulting therefrom. You further agree that Coinark is not obligated to assist or support you in any fashion with any unsuccessful transmission of Digital Assets, or Legal Tender.
Underlying Protocol Risk.
We do not own or control the underlying software protocols of Digital Asset networks that govern the operation of Digital Assets. In general, the underlying protocols are open source, and anyone can use, copy, modify or distribute them. We are not responsible for the operation of the underlying network protocols, and we make no guarantees regarding their security, functionality or availability.
Discrepancy.
The Services user interface may display incorrect information or information that differs from our internal books and records. In the event of any conflict, the contents of our internal books records shall prevail.
Assumption of risk.
You acknowledge and agree that you shall access and use the Services at your own risk, including but not limited to the risks described in this Section and the remainder of these Terms.
Disclaimers
¹ Depending on the amount you purchase, the verification process can change and take longer than 30 seconds. For transactions under $499.99, you will need to verify with SMS or Text Message. For transactions $500.00 or higher, you will need to verify with your government issued photo ID such as a drivers license. Coinark LLC partners with Anti-Money Laundering organizations to review every transaction through the machines to prevent and stop money laundering.
² Not financial advice. Investments or strategies mentioned on this website and from Coinark LLC may not be suitable for you. This material does not take into account your particular investment objectives, financial situation, or needs and is not intended as recommendations appropriate for you.
³ Coinark LLC is not responsible for depositing or withdrawing from incorrect cold wallets or cryptocurrency addresses. Please be sure you have the correct address when you are making a transaction.
⁴Some mobile Wallets have free options, Coinark LLC is not affiliated with any of them. Please do your own due diligence when choosing a cryptocurrency wallet best for you. Coinark LLC does not recommend or endorse any cryptocurrency wallet.