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Risk Disclosure

Effective Date: 5th October 2024

The information provided on CryptoCompass ("we", "our", "us", or "the Website") at z1i6vyux02.wpdns.site is intended for general informational and educational purposes only and relates to a variety of topics within the cryptocurrency space, including but not limited to trading, DeFi (Decentralised Finance), NFTs (Non-Fungible Tokens), cryptocurrency mining, crypto gambling, and tax implications for cryptocurrency users.

Engagement in the cryptocurrency industry involves significant risks that may not be suitable for all users. By using this Website or acting on any information provided herein, you acknowledge that you accept and understand the following:

1. High Volatility and Financial Risks

Cryptocurrencies, including Bitcoin, Ethereum, NFTs, and tokens used in DeFi protocols, are highly volatile and speculative in nature. Prices can fluctuate dramatically over short periods of time, and past performance is not indicative of future results.

You may experience substantial financial losses when engaging in cryptocurrency or digital asset activities. CryptoCompass does not provide financial, investment, or trading advice, nor does it guarantee any specific outcome, profit, or return on investment. Users are solely responsible for their own financial decisions and should conduct independent research or consult a qualified professional before engaging in any purchase, sale, or investment in cryptocurrencies.

2. Legal and Regulatory Risks

Cryptocurrency use and trading, including activities related to DeFi, NFTs, crypto gambling, and mining, may not be legal in all jurisdictions. Laws and regulations governing digital assets vary across countries and regions, and they may change with little to no public notice.

It is your responsibility to ensure that you comply with all applicable laws, regulations, and tax requirements in your country or region before engaging in crypto-related activities. CryptoCompass does not provide legal or tax advice, and we cannot be held liable for any legal, regulatory, or tax-related issues you may encounter.

3. Risks Associated with Decentralised Finance (DeFi)

DeFi protocols operate in a decentralised manner, which means they are not controlled by any central governing body. This lack of oversight increases the risk of smart contract vulnerabilities, liquidity issues, or the loss of funds due to hacked or fraudulent platforms. Accessing DeFi services may also expose you to rapidly changing market conditions or yield farming schemes that could result in complete financial loss.

4. Risk of Fraud and Scams

The cryptocurrency space is susceptible to fraud, scams, and malicious actors. Due to its decentralised nature and often unregulated environments, you may fall victim to various scams, such as phishing schemes, Ponzi schemes, or "rug pulls." CryptoCompass makes no representations about the legitimacy or security of third-party platforms or services linked on our Website. Users are strongly advised to exercise caution and carry out thorough research before interacting with any digital asset platform.

5. Security Risks (Hacks, Wallets, Exchanges)

Cryptocurrencies and digital assets are stored in digital wallets, and the security of these wallets is paramount. The risk of hacks, cyber-attacks, or security breaches is always present, and users may lose control over their assets if they fail to follow proper security protocols (such as using secure, non-custodial wallets or enabling 2-factor authentication).

Additionally, cryptocurrency exchanges present both security and regulatory risks since they may be vulnerable to hacks or platform insolvency. Users who hold funds on third-party exchanges bear the risk of total loss of those funds if the exchange is compromised or closed down.

6. Taxation Risks

The taxation of cryptocurrency-related activities remains uncertain and varies internationally. Gains, losses, and earnings from digital assets may be subject to capital gains taxes or other local taxes.

Users are responsible for reporting and paying any required taxes on profits or capital gains derived from cryptocurrency trading, mining, staking, or DeFi. Tax laws related to digital assets are continually evolving, and your failure to report accurately could result in legal penalties. It is highly recommended that you consult with tax professionals who understand the complexities of cryptocurrency tax reporting in your jurisdiction.

7. Risks Related to NFTs (Non-Fungible Tokens)

NFTs, due to their novelty and uniqueness, suffer from both illiquidity (the difficulty of trading in secondary markets) and volatility. The value of NFTs fluctuates based on speculation, rarity, and demand, and can lead to sudden value drops or significant losses in investment. Additionally, due to the use of blockchain technology in NFTs, their storage may depend on centralised platforms that could become obsolete, further limiting access or value preservation.

8. Risks in Crypto Gambling

Participation in gambling activities using cryptocurrencies is highly speculative and risky. Crypto gambling often operates with minimal oversight, increasing the risk of falling victim to fraudulent schemes or unregulated platforms. Users should be aware of the potential loss of funds and understand that gambling, by its nature, is speculative and should only be done at one's own risk.

Additionally, crypto gambling may be illegal in certain jurisdictions and subject to specific regulatory restrictions. Users are responsible for ensuring compliance with applicable laws before engaging in any gambling activities involving cryptocurrency.

9. No Guarantees or Endorsements

CryptoCompass makes no endorsements, guarantees, or warranties about the products, platforms, or services mentioned or linked to on our Website. Third-party links or references are provided for informational purposes, and users who choose to engage with these platforms do so at their own risk. CryptoCompass cannot be held liable for any financial losses, security breaches, or unauthorised activities that occur on third-party platforms.

10. No Responsibility for User Actions

You agree that your use of any information provided on the Website is at your own risk. Crypto Compass shall not be held liable for any results (profits or losses) arising from actions taken based on the content, recommendations, or third-party links found on the Website. Users are strongly encouraged to perform their own due diligence and seek advice where necessary before making any financial decisions involving cryptocurrencies or digital assets.

Always consult qualified legal, tax, or financial professionals familiar with the cryptocurrency industry if you are unsure of the risks or if you need assistance.

11. Contact Us

If you have any questions, concerns, or need further clarification regarding this Risk Disclosure, please contact us at:

CryptoCompass
Email: info@z1i6vyux02.wpdns.site
Website: z1i6vyux02.wpdns.site