NFG Crypto, a brand of uBankxx LTD ("we," "us," or "our"), provides cryptocurrency payment processing services (the "Service"). Before using our Service, it's important to understand the risks associated with cryptocurrencies and cryptocurrency transactions. This Risk Disclosure outlines some of the key risks you should be aware of: 

​

1. Volatility Risk: Cryptocurrencies are known for their price volatility. Prices can fluctuate widely in a short period of time, leading to potential gains or losses. You should be prepared for significant price fluctuations and be aware that the value of your cryptocurrency holdings may change dramatically. While volatility can present opportunities for profit, it also carries the risk of substantial losses.

2. Market Risk: Cryptocurrency markets operate 24/7 and are influenced by various factors, including market demand, investor sentiment, regulatory developments, and macroeconomic trends. These factors can impact the price and liquidity of cryptocurrencies, making them susceptible to market risks. Market conditions can change rapidly, and prices may be affected by factors beyond your control.

3. Regulatory Risk: The regulatory environment for cryptocurrencies is evolving and varies by jurisdiction. Regulatory changes or actions by government authorities may affect the legality, use, and value of cryptocurrencies. You should stay informed about regulatory developments and comply with applicable laws and regulations. Failure to do so could result in regulatory enforcement actions, fines, or other legal consequences.

4. Security Risk: Cryptocurrency transactions are irreversible and generally not overseen or backed by any central authority. As a result, there is a risk of theft, hacking, fraud, and other security breaches. It's important to use secure practices, such as keeping your private keys safe and using reputable cryptocurrency wallets and exchanges. You should also be cautious of phishing attempts, malware, and other cyber threats.

5. Technology Risk: Cryptocurrencies rely on complex technologies, including blockchain technology, which are still relatively new and may contain vulnerabilities or bugs. There is a risk of technical failures, software glitches, and cyber attacks that could disrupt the functioning of cryptocurrency networks and impact the security and reliability of transactions. You should be aware of the risks associated with new or experimental technologies and exercise caution when using them.

6. Liquidity Risk: Some cryptocurrencies may have limited liquidity, meaning there may not be enough buyers or sellers in the market to execute trades at desired prices. Illiquid markets can lead to wider bid-ask spreads and increased price volatility, potentially affecting the execution and settlement of transactions. You should consider liquidity when trading or investing in cryptocurrencies and be prepared for potential challenges in buying or selling assets.

7. Counterparty Risk: When engaging in cryptocurrency transactions, you may be exposed to counterparty risk, including the risk of default or insolvency by counterparties such as exchanges, brokers, or trading platforms. You should conduct due diligence and choose reputable counterparties with a strong track record and robust security measures. Using trusted and regulated platforms can help mitigate counterparty risk and protect your assets.

8. Tax and Legal Risk: Cryptocurrency transactions may have tax implications and legal obligations that vary by jurisdiction. Failure to comply with tax laws or regulatory requirements could result in penalties or legal consequences. It's important to consult with tax and legal professionals to understand your obligations and ensure compliance. Additionally, regulatory uncertainty and inconsistent legal frameworks may create uncertainty for cryptocurrency users and businesses, leading to legal risks and challenges. 

​

By using our Service, you acknowledge and accept these risks associated with cryptocurrencies. You should carefully consider your risk tolerance, financial situation, and investment objectives before engaging in cryptocurrency transactions. We recommend seeking advice from financial advisors or other qualified professionals if you have any questions or concerns about the risks involved.

 

NFG Crypto and uBankxx LTD do not provide investment, tax, or legal advice. Our Service is provided for informational purposes only, and we are not responsible for any losses or damages resulting from your use of cryptocurrencies or reliance on the information provided herein.

 

If you have any questions or concerns about this Risk Disclosure, please contact us at support@nfg-crypto.com ​

​