Risk Disclosure
Using Digital Assets and the 234 Exchange Services involves significant risk. This disclosure highlights key risks — it is not exhaustive. You should not use the Services unless you understand and accept these risks, and you should only transact amounts you can afford to lose.
1. Price volatility
The value of Digital Assets can be highly volatile and may fall as well as rise, sometimes sharply and within short periods. The value you receive may differ significantly from the value you expected. Past performance is not a guide to future value.
2. Irreversibility of transactions
Blockchain transactions are final and irreversible. Once a transaction is broadcast, it generally cannot be cancelled, reversed or recovered. Assets sent to an incorrect address, on an incorrect network, or otherwise not matching transaction instructions may be permanently lost, and we may be unable to recover them.
3. Non-custodial swaps — you are responsible
Swaps are non-custodial: your funds route through third-party providers directly to and from Wallets you control. You are responsible for the security of your Wallet, private keys and recovery phrases. Loss of access to your Wallet or keys may mean permanent loss of your assets, and we cannot restore them.
4. Fixed and Float rates
A Fixed rate is held only for a limited window; if your deposit arrives late, the transaction may be re-quoted. A Float rate is determined at settlement, so the final amount you receive may be higher or lower than the estimate shown. Choose the rate type that matches your risk preference.
5. Rate and timing risk
Rates can move between the time you receive a quote and the time your deposit is received and settled. Network congestion, provider delays or confirmation times may affect how long a transaction takes and the amount ultimately settled.
6. Technology and network risk
The Services depend on blockchain networks, third-party providers and internet infrastructure that we do not control. Outages, congestion, forks, bugs, cyber-attacks or failures of any of these may cause delays, losses or an inability to complete transactions.
7. Third-party provider risk
Swaps and settlement rely on third-party providers. We are not responsible for their performance, solvency, availability or conduct. A third-party failure may affect your transaction.
8. Regulatory risk
The legal and regulatory treatment of Digital Assets is evolving and varies by jurisdiction. Changes in law, regulation or enforcement may affect the availability of the Services, the assets supported, or your ability to transact. It is your responsibility to ensure your use of the Services is lawful where you are.
9. Compliance holds
Transactions may be subject to compliance screening and may be delayed, held, refused or reported where required. Funds subject to a lawful compliance hold may not be immediately returnable.
10. No advice
Nothing provided through the Services is investment, financial, legal, accounting or tax advice, and no content is a recommendation to transact any asset. You are solely responsible for your own decisions and should seek independent professional advice where appropriate.
11. Tax
You are responsible for determining, reporting and paying any taxes that apply to your transactions. We do not provide tax advice.
By using the Services, you acknowledge that you have read, understood and accepted the risks described here and in the Terms of Use.
Questions: support@234exchange.com.