Risk Disclosure
Risk Disclosure
Effective Date: 04/04/2022
Welcome to SozhaaCrypto.com. By using our platform, you acknowledge and agree to the following risk disclosure. Cryptocurrency trading and investment carry significant risks, and it is essential to understand these risks before engaging in any transactions.
1. Market Volatility
Cryptocurrencies are highly volatile and can experience substantial price fluctuations within short periods. The value of your investment may decrease significantly or even lose its entire value.
2. Regulatory Uncertainty
Cryptocurrency laws and regulations in India are still evolving. Changes in government policies, tax rules, or regulatory frameworks could affect your ability to trade, hold, or use cryptocurrencies.
3. Loss of Funds
- Transactions on the blockchain are irreversible. Mistakes such as sending funds to the wrong address cannot be corrected.
- Storing cryptocurrencies comes with the risk of loss due to cyberattacks, hardware failures, or human error.
4. No Government Protection
Cryptocurrencies are not recognized as legal tender in India. Your funds are not protected by any government or financial institution. Unlike traditional banking systems, there is no insurance for cryptocurrency holdings.
5. Tax Implications
Trading and investing in cryptocurrencies may have tax consequences under Indian law. It is your responsibility to understand and comply with all applicable tax regulations, including income tax and GST (if applicable).
6. Risks of Trading Platforms
While SozhaaCrypto.com implements advanced security measures, no online platform can guarantee complete protection against hacking, technical failures, or operational errors. Users must take necessary precautions, such as enabling two-factor authentication and securing their private keys.
7. Speculative Nature
Cryptocurrencies are considered speculative assets. The future value or demand for cryptocurrencies is uncertain and may depend on various factors, including market sentiment, adoption rates, and technological advancements.
8. No Financial Advice
SozhaaCrypto.com does not provide financial, investment, legal, or tax advice. Any information provided on our platform is for informational purposes only. You should consult a qualified financial advisor before making any investment decisions.
9. User Responsibility
- It is your responsibility to perform due diligence and assess your financial situation before engaging in cryptocurrency trading or investments.
- Use our platform only if you fully understand and accept the risks involved.
10. Changes to This Disclosure
We reserve the right to update or modify this risk disclosure statement at any time. Please review this page periodically to stay informed about any changes.
By using SozhaaCrypto.com, you confirm that you have read, understood, and accepted this risk disclosure. If you do not agree with any part of this statement, please refrain from using our platform.
Contact Us
For further assistance, please contact us at:
Email: sozhaa@sozhaacrypto.com