Dealing with virtual assets (cryptocurrencies) involves a significant amount of risk. Therefore, it is important that you carefully consider the risks involved before engaging in any cryptocurrency-related activities. This Risk Disclosure Statement describes some key risks associated with virtual assets (such as Bitcoin). PLEASE READ THIS RISK DISCLOSURE STATEMENT CAREFULLY.
Please note, nothing provided in this Risk Disclosure Statement constitutes legal, financial, business or tax advice and you should consult your own legal, financial, tax or other professional advisor before engaging in any activity in connection with virtual assets.
By accessing Pixtub website (https://pixtub.io) and using services provided by Pixtub, UAB (Pixtub), you hereby represent and warrant that you have read and understood this Risk Disclosure Statement. Pixtub provides you the Pixtub services on the presumption that you know, understand, and accept all the risks associated with virtual assets.
You acknowledge and agree that there are numerous risks associated with trading, investing in and holding crypto-assets or using of the services in relation to virtual assets offered by Pixtub, such as purchasing and/or selling the cryptocurrency. In the worst-case scenario, this could lead to the loss of all or part of the virtual assets which had been purchased.
Please be aware of and take into consideration the risks associated with virtual assets, that include, but not be limited to, the following:
Price Volatility Risks. Virtual assets exhibit high volatility in terms of both operation and value that may lead to financial loss. Their worth is contingent upon market dynamics, subject to significant fluctuations, and may even render them worthless. As decentralized digital assets based on blockchain technology and secured by cryptography, they are beyond the influence or protective measures of central banks or other authorities. By engaging in the purchase, sale, and use of virtual assets, including several Pixtub's services, you acknowledge and assure understanding of the associated risk of financial loss.
Liquidity Risks. The acquisition or liquidation of virtual assets may prove challenging or impossible in the absence of sufficient market liquidity. Liquidity is influenced by various factors, including trading volumes and usability of virtual assets. Pixtub bears no responsibility for the liquidity of virtual assets.
Regulatory Risks. The evolving use of virtual assets is accompanied by a global regulatory landscape. Diverse approaches exist among countries regarding the legality and regulation of virtual assets and cryptocurrency exchanges. Legal status varies, with some countries deeming virtual assets and related operations illegal, while others require exchanges to register and adhere to regulatory laws. Pixtub reserves the right to cease services or prohibit usage in jurisdictions where virtual assets are deemed illegal. Users are obligated to comply with applicable laws in their country and refrain from using Pixtub's services if prohibited by local regulations.
Cybersecurity / IT maintenance Risks. Engaging with virtual assets and exchange thereof exposes users to operational and information security risks. While Pixtub implements measures for cybersecurity, it does not guarantee immunity against potential failures and cyberattacks. Users are responsible for maintaining the confidentiality of access credentials, including login and password information, and ensuring the security and integrity of their hardware and software.
You agree and understand that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of the risks associated with virtual assets for yourself, and that Pixtub does not give advice or recommendations regarding virtual assets, including the suitability and appropriateness of, and investment strategies for, virtual assets. You agree and understand that you access and use Pixtub at your own risk; and this section is unable to and does not purport to disclose exhaustively all the risks associated with virtual assets and using Pixtub’s services. You should, therefore, carefully consider whether such use is suitable for you considering your circumstances and financial resources. You should be aware that you may sustain a total loss of virtual assets in your Pixtub Account, and that under certain market conditions, you may find it difficult or impossible to liquidate a position.
In addition, you agree and understand that by using Pixtub services and submitting orders (to buy or sell cryptocurrency), you have sufficient knowledge to submit such orders. You are responsible for making sure that any orders placed by you are accurate and intentional. Pixtub may, in some cases, and at its sole discretion, require secondary electronic, verbal, written or other confirmation before acting if your Pixtub Account is outside of its normal range of activities.
No Solicitation. By utilizing Pixtub’s services, you acknowledge and agree that all orders processed through your Pixtub Account are deemed unsolicited. This signifies that you have not sought or received any investment advice from Pixtub or any of its service providers concerning the orders you submit. Additionally, we do not conduct suitability assessments for the orders you submit. Furthermore, you affirm that you neither have received nor expect to receive any investment advice from Pixtub or its affiliates in relation to your orders. Moreover, you agree and understand that your usage of the Pixtub website, Pixtub services, or any associated materials does not constitute a solicitation or endorsement of investment advice.
Notwithstanding anything in the Terms and Conditions at https://pixtub.io/en/Terms-of-Service, you agree and understand that Pixtub accepts no responsibility whatsoever for, and shall in no circumstances be liable to you in connection with, your decisions relating to the Pixtub services.
