Before conducting contract trading, please fully understand the risks brought by high leverage and carefully evaluate whether to participate based on your own situation. BITLIV does not bear any related losses.
Dear BITLIV User:
The contract trading services provided by the BITLIV contract trading platform are obviously highly leveraged and high risk. Therefore, users who register and use BITLIV to trade will know, fully understand, and agree to the content described in this risk warning. The content of this risk warning shall be subject to the Chinese content.
Preface
This risk warning is intended to clarify the high risk of contract trading and help investors evaluate the conditions for confirming their participation in contract trading. Due to the existence of contract trading risks, investors should carefully read this risk warning before confirming this agreement and using BITLIV transactions. They must ensure that they have fully understood the risks and trading rules of contract trading and judge whether to participate in contract trading based on their own experience, goals, economic conditions, and risk tolerance.
Suitable investors
Contract trading has extremely high risks and is only suitable for those who can fully understand all risks in the transaction, be able to withstand some or all of the asset losses caused by investment failure, or professional investment practitioners.
Existing risks
1. Risk of price fluctuations
Digital currencies have the characteristics of large price fluctuations. Due to the influence of various factors, it is difficult to grasp the investment direction in actual transactions. The possibility of investment failure is extremely high and may result in large losses. Investors must bear all losses under normal investment alone.
2. Trading risk
2.1 Due to the high risk caused by high leverage, contract trading may cause profits and losses to each transaction to become very rapid. When the market fluctuates rapidly and violently, huge losses may occur, and even forced closing of positions may occur, and investors must bear all losses caused by this.
2.2 Contract trading is a market behavior. Once the transaction is executed, it cannot be canceled. Investors must accept the risks that may be carried by this method.
2.3 The trading platform only provides stable and neutral trading tools and environment and will not make any profit guarantees, nor share returns with investors, nor share risks with investors.
3. Policy and regulatory risks
Digital asset contract trading may be subject to policy supervision risks within certain legal territories. Investors should make cautious choices about whether to participate in investment before entering the market.
4. Other possible risks
4.1 When investors use high-speed leverage, they will greatly amplify market risks. Therefore, in order to avoid investors from taking excessive risks and to maintain market stability, the platform has the right to adjust the holdings and leverage of investors using high-speed leverage, including but not limited to communication, risk reminders, forced reduction of positions, forced closing of positions, adjustment of leverage, and orders, etc., and will be announced in an official announcement.
4.2 Investors need to pay attention to the information disclosed by the official platform in a timely manner and deal with their own positions accordingly. If possible losses or missed returns are caused by this, the investor shall bear the responsibility.
Important Tips
When investors register and use BITLIV services, they confirm that they fully understand and agree to this risk warning, as well as all risks and business rules of contract transactions.
This risk warning is illustrative in nature and cannot list all risk factors related to contract trading in detail. Before participating in contract trading investment, investors should also clearly understand and master other possible risk factors.
BITLIV sincerely recommends that investors should make prudent decisions about whether to participate in contract trading based on their actual situations such as risk tolerance.
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