Risk Disclosure Statement

Last updated 01 January 2024

Before trading or transacting using our Services, it is important to understand the risks. We have included below, in more detail, the potential risks in trading or transacting using our Services. You should note that the risks described below are not intended to be exhaustive and are not intended to be presented in any assumed order of priority. We ask you to take time to carefully read them through and to consider whether such trading and transacting on safechange is appropriate in your particular circumstances.

You should seek independent professional advice if you do not fully understand the risks of using our Services.

To better protect your interests, safechange reminds you that trading and/or investing in the digital currency market involves risks. By participating in these activities, you risk the loss and unsustainable loss of your assets. Please understand and assess the risk involved in trading and carefully assess your risk tolerance before engaging in any transaction or investment activity in digital currencies.

interpretation

a) All terms used in this notice, which are defined in the safechange User Agreement ("User Agreement"), have the same meaning and construction as in the User Agreement.

b) This Risk Disclosure Statement (the “Statement”) forms part of and shall have the same effect as the Legal Documents.

safechange Services

A) This Statement provides you with information about the risks associated with safechange Services. Each safechange Service has its own distinct risks, which may be separately contained under the corresponding Legal Documents. This Statement provides a non-exclusive, general disclosure of the risks involved when you use safechange Services.

B) This Statement does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use safechange Services.

No Advice

We do not provide advice in relation to our Products or Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use our Products or Services is made by you. No communication or information provided to you by us is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.

No Monitoring

safechange is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using safechange Services. We do not monitor whether your use of safechange Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate to engage in financial activity with us, and to your risk appetite in the Products and Services you use.

No Tax, Regulatory or Legal Advice

The taxation of Digital Assets is uncertain and may vary from locations to locations. You are responsible for determining what taxes you might be liable to, and how they apply, when transacting through safechange Services. It is your responsibility to report and pay any taxes that may arise from using safechange Services, and you acknowledge that safechange does not provide legal or tax advice relative to these transactions. If you have any doubts about your tax status or obligations when using safechange Services, or with respect to the Digital Assets held in your safechange Account, you are encouraged to seek independent advice.

Market Risks

Digital Asset trading is subject to risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not in anyway an indicator of future performance. The value of an investment and any returns can go down as well as up. You may not get back the amount you have invested, and there is severe risks of losing all of your assets.

Security Risks

It is not possible for safechange to eliminate all security risks. You are responsible for keeping your safechange Account password safe, and you may be responsible for all the transactions under your safechange Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable

Risks Related to Digital Assets Themselves

Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:

a) faults, defects, hacks, exploits, errors, protocol failures or unforeseen circumstances occurring in respect of a Digital Asset or the technologies or economic systems on which the Digital Asset rely;

b) transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;

c) technological development leading to the obsolescence of a Digital Asset; and

d) attacks on the protocol or technologies on which a Digital Asset depends, including, but not limited to

Monitoring Risks

Digital Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours. You are solely responsible to ensure constant monitoring of the Digital Asset markets.

Communication Risks

When you communicate with safechange via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.

Currency Risks

Currency exchange fluctuations will impact your gains and losses.

Legal Risks

Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market. Also, you may suffer severe losses if your actions breached national laws or regulations.

Other Risks

This Statement is a non-exclusive list of the risks which may be involved during your use of safechange Services. However, there are other risks which may be Service-specific or Product-specific. You should read carefully risk disclosures contained separately under the Legal Documents, including the User Agreement.