Before using any of our services, website, platform, or app, please make sure you fully understand the associated risks and can afford to take them on. This important notice and risk disclosure outlines some, but not all of the risks involved in holding, trading, and using digital or crypto assets, as well as specifically using our services.
It is essential to conduct your own research to determine whether Vtron offering is suitable for you. If you do not fully comprehend the risks, please refrain from using Vtron or depositing funds with us.
This important notice and risk disclosure is intended to provide a general overview of the risks involved, but it cannot encompass all potential risks. The risks listed below do not form an exhaustive list, and additional significant risks may be applicable. It is always your responsibility to perform your own research.
Risks are inherently fluid and dynamic, and Vtron will periodically update this page as circumstances evolve.
Please note that you may lose all or part of your money. You should only deposit what you can afford to lose.
Vtron is not a bank, and your deposits are not protected by any of the government claim schemes.
Vtron does not provide legal, tax, or financial advice. You are strongly encouraged to seek independent legal, tax, or financial advice before making any financial decisions, including buying, trading, holding, or using digital or crypto assets.
There are significant risks associated with digital and crypto assets, and you are solely responsible for understanding these risks and determining whether they are suitable for you. Vtron does not consider your personal circumstances, financial situation, needs, or goals. Before making any financial decision, carefully evaluate your financial situation and capacity, and only use funds that you can afford to lose.
In use with digital and crypto assets carries a risk of financial loss. As a new and evolving asset class, predicting their performance can be challenging. These assets are inherently volatile, and you should understand that the potential for loss in trading, investing, or holding digital assets can be significant.
The value of digital assets can be unpredictable, experiencing substantial price changes over short periods. Their value is not guaranteed or backed by any government and can be influenced by a range of unpredictable factors, including:
Digital assets are not recognized as standard legal tender, and there is no assurance that anyone will accept them for their intended purpose in the future. Market availability and liquidity may be limited or disrupted, meaning there is no guarantee that you will be able to sell or exchange your digital or crypto assets at any price.
The nature of digital assets also increases the risk of fraud or cyber-attacks, including double-spending attacks, routing attacks, rollback attacks or blockchain reorganizations. It's important to note that digital asset transactions are irreversible, and erroneous transactions can lead to the permanent loss of your funds.
Most parts of the world largely lack regulation for digital assets, offering little to no protection in the event of a loss. Digital and crypto exchanges and service providers may not be subject to regulatory oversight.
Different jurisdictions may have varying approaches to crypto assets, and the cross-border nature of blockchain technology means that digital and crypto assets could be subject to multiple legal frameworks. You must ensure that your use of any digital asset complies with all applicable laws.
Additionally, various jurisdictions may impose specific tax rules and treatments on digital and crypto assets. It is essential to understand the tax implications of your activities and to comply with all reporting and payment obligations that apply to you.
You will need to bear in mind that blockchain technologies are vulnerable to a wide range of risks, from malicious attacks to technical difficulties and failures. These risks may lead to the loss of funds transacted or held on the blockchain, as well as increased transaction costs or delays in execution.
In an open market, prices are influenced by supply and demand dynamics. Although USDC and USDT are designed as a stable coin to maintain a 1:1 peg with the US dollar and is backed by US Dollar reserves, Vtron does not control its issuance, redemption, or backing. Therefore, we cannot guarantee USDC/USDT will always be redeemable for 1 US dollar. A risk exists that USDC/USDT may be depegged from the US dollar.
Foreign exchange risk also know as FX risk. It arises when a transaction involves a currency other than the domestic currency. Account balances are held in USDC/USDT, which is pegged to the USD at a 1:1 ratio. When you deposit or withdraw funds, the currency denomination will be in USD. If you would like to exchange into other fiat currency, the exchange rate might differ depending on the timing of your exchange and market rate showing in the app or website.
Counterparty risk refers to the possibility that the other part in an investment or trading transaction may fail to fulfill their obligations. Vtron engages in multiple counterparties, which we do not directly control. If Vtron or any third party holding your funds becomes insolvent or experiences a cybersecurity breach, your assets may be at risk and leading to partial or total loss of your cryptocurrency.
While Vtron conducts thorough due diligence on third-party platforms, including initial onboarding, ongoing stages, security and financial assessments, we cannot guarantee that breaches will not occur ot that assets will be fully secured.
Fraud and security risks involve unauthorized access to accounts, identity theft, or misuse of customer funds. Customer identification documents may be stolen, allowing unauthorized parties to create fraudulent accounts or conduct unauthorized transactions.
Customers are advised to keep their identification documents secure, never share passwords, and protect all devices used to access Vtron. Vtron implements strong customer onboarding controls, including Know Your Customer (KYC) checks, and monitors transactions for suspicious activity. If you notice any unauthorized transactions, please report them to our customer service or in-app help center immediately.
Market risk is the potential for losses due to adverse price movements, which can stem from various factors such as changes in equity prices, interest rates, or foreign exchange rates. Vtron cannot control external economic conditions or market dynamics.
The value of digital assets is subject to constant fluctuations and may decrease significantly. Unlike government-issued currencies, digital assets rely on technology and trust, with no central authority to stabilize their value during crises. Engaging in virtual asset trading can result in substantial financial losses, so do not invest more than you can afford to lose.
Insolvency risk is the likelihood that a company cannot meet its debt obligations. There is a possibility that Vtron may become insolvent and unable to continue providing services to customers. To mitigate this risk, Vtron maintains adequate cash reserves to continue to run our business.
Transacting in digital assets or cryptocurrencies may present unique taxation challenges. It is advisable to consult a tax advisor if you utilize our services. We recommend you seek independent tax advice before buying digital assets or earning returns.
Regulatory risk pertains to potential changes in laws, regulations, or interpretations that could result in losses. Compliance risk involves the possibility of being deemed in violation of laws or regulations.
The regulatory status of stablecoins remains unclear in many jurisdictions. It is difficult to predict how government authorities will regulate stable coins or amend existing laws that could affect them. Vtron may cease offering services related to stablecoins or restrict usage in certain jurisdictions if regulatory changes occur. We are committed to complying with all current and future regulations.