RISK DISCLOSURE
Effective Date: June 1, 2026
This document contains information regarding the risks associated with the use of the Crynova service and cryptocurrency transactions.
Before using the service, users should carefully review this document and understand the potential financial, technical, and legal risks.
1. General Warning
Cryptocurrencies are high-risk digital assets.
Cryptocurrency transactions may result in a partial or complete loss of asset value.
Crynova does not provide investment, financial, tax, or legal advice.
2. Volatility Risk
The value of cryptocurrencies may fluctuate significantly within a short period of time.
Cryptocurrency prices may increase or decrease substantially due to market conditions, news events, regulatory decisions, or other factors.
Users are solely responsible for the risks associated with changes in the market value of their assets.
3. Blockchain Network Risks
Cryptocurrency transfers are processed through independent blockchain networks that are not controlled by Crynova.
Possible risks include:
- transaction confirmation delays;
- network congestion;
- increased transaction fees;
- temporary network unavailability;
- forks and other protocol changes.
Crynova is not responsible for the operation of third-party blockchain networks.
4. Irreversibility of Transactions
Most cryptocurrency transactions are irreversible once confirmed by the network.
If a user sends funds to an incorrect address or selects the wrong blockchain network, the recovery of funds may be impossible.
Users bear full responsibility for the accuracy of payment details.
5. Technical Risks
The operation of the service may depend on:
- internet connectivity;
- third-party APIs;
- cloud infrastructure;
- blockchain nodes;
- power supply and telecommunications systems.
Technical failures may affect the availability of certain service features.
6. Cybersecurity Risks
The cryptocurrency industry is a potential target for fraud, phishing attacks, account compromises, and other cyber threats.
Users are solely responsible for protecting their devices, passwords, API keys, and cryptocurrency wallets.
7. Regulatory Risks
Cryptocurrency laws and regulations may change over time.
Regulatory changes may affect the ability to use digital assets, their taxation, or the availability of certain service features.
8. Tax Obligations
Users are solely responsible for complying with all tax obligations arising from the use of cryptocurrencies and the Crynova service.
Crynova is not responsible for calculating or paying users' taxes.
9. No Guarantee of Profit
The use of the Crynova service does not guarantee profits, preservation of asset value, or the achievement of any financial results.
10. Limitation of Liability
To the maximum extent permitted by applicable law, Crynova shall not be liable for:
- market losses;
- cryptocurrency price fluctuations;
- blockchain network delays;
- actions of third parties;
- loss of access to wallets;
- user errors when making payments.
11. User Acknowledgment
By using the Crynova service, the user acknowledges and confirms that they:
- understand the risks associated with cryptocurrencies;
- acknowledge the possibility of losing funds;
- make independent decisions regarding the use of the service;
- accept the risks described in this document.
12. Contact Information
Email: support@crynova.io
Website: https://crynova.io