Risk Disclosure

By using the services of Foxechange AG, (the “Company”), you acknowledge and accept that participation in cryptocurrency exchange activities involves significant financial, technical, regulatory, and operational risks. The company is registered with and supervised by the Self-Regulatory Organization (SRO) “Verein zur Qualitätssicherung von Finanzdienstleistungen” (VQF) in the area of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations. VQF is recognized and supervised by the Swiss Financial Market Supervisory Authority (FINMA) and provides Virtual Currency Exchange Services.

The customers should buy, trade or hold cryptocurrencies only if they are aware of all the risks involved.

General Cryptocurrency Risks.
Cryptocurrencies are highly volatile, speculative, and largely unregulated. Trading, holding, or using cryptocurrencies may not be suitable for all individuals. Before engaging in any transaction, you should understand the specific nature of these assets and the risks involved, including:
• Loss of capital: Prices may fluctuate significantly, leading to partial or total loss of funds.
• Legal and regulatory uncertainty: Laws governing digital assets vary by jurisdiction and may change without notice.
• No consumer protection: Cryptocurrency transactions are typically irreversible, and refund rights under Swiss law or other jurisdictions may not apply.
• No compensation scheme: Cryptocurrencies are not covered by any deposit insurance or investor compensation scheme.
• Counterparty or system failure: Third-party service providers may malfunction, become insolvent, or act improperly.
• Use at your own risk: The Company does not offer financial advice. If you do not fully understand the risks, consult an independent financial adviser.

Technology-Related Risks.

• Decentralized technology: Cryptocurrencies operate on evolving blockchain networks that may be subject to forks, protocol changes, or failures.
• Wallet and private key risks: Loss or compromise of wallet credentials or private keys can lead to irreversible asset loss.
• Technical vulnerabilities: Wallet software, smart contracts, or network infrastructure may contain bugs or be subject to attacks.
• Transaction errors: Mistakes such as sending assets to the wrong address are permanent and may not be recoverable.

Market Risks.

• Extreme volatility: Market conditions can change rapidly due to speculation, macroeconomic trends, or regulatory developments.
• Slippage: Execution prices may differ from indicative quotes due to limited liquidity or execution delays.
• Irreversibility: Confirmed blockchain transactions cannot be reversed or cancelled.

Operational and Compliance Risks.

• System disruptions: Service may be impacted by outages, maintenance, or technical failures.
• Third-party dependencies: Reliance on external infrastructure (e.g. liquidity providers, blockchain networks) may lead to delays.
• Compliance actions: Transactions may be delayed, restricted, or reversed to meet legal or regulatory obligations.
• Banking limitations: Our banking partners are used only to receive and send fiat funds. They do not exchange, transfer, or support cryptocurrency in any way.