Risk Disclaimer
Services by BLOX
BLOX offers you an environment focused on exchanging crypto for fiat currency. The funds you deposit and the crypto you purchase are stored on behalf of BLOX and for you in the segregated assets of Stichting BLOX Custody. For these services, BLOX holds a MiCAR license as a crypto-asset service provider from the Dutch Authority for the Financial Markets (AFM).
Trading crypto always involves significant risks. Therefore, only invest money you can afford to lose. Crypto prices can fluctuate heavily, and you may lose all or part of your investment. Prices change continuously throughout the day. And as cliché as it sounds, past performance is no guarantee of future results.
Risks of Trading in Crypto Assets
BLOX aims to inform you as honestly and clearly as possible about the key risks involved in trading crypto. On specific crypto pages, additional coin-specific risks are described where applicable. This information is based on general, objective sources, such as (approved) whitepapers of the relevant projects.
In addition, BLOX provides a general risk disclaimer to inform you of the most important risks. The main risks identified by BLOX are:
Price Risk
The value of crypto assets can fluctuate heavily. Factors like market dynamics, regulation, economic events, and technological developments can influence the value. These factors make it difficult to predict the value of your investments.
Moreover, crypto assets are not covered by deposit guarantee schemes. Please note that investing in crypto involves risks; you may lose your investment.
Technology Risk
Crypto assets fully depend on specific computer technology and infrastructure, which in some cases may be very new and insufficiently tested.
Fraud Risk
Crypto assets are sometimes misused for fraudulent actions or illegal activities, such as scams, money laundering, or hacking. Be cautious with offers that seem too good to be true and always check the reliability of the parties you deal with.
The Earn program
If you use the Earn account facilitated by BLOX, we will lend your crypto to BLOX Earn in accordance with the Earn Agreement. In the event of such a transfer, BLOX facilitates the so-called crypto-asset transfer service. BLOX also holds a MiCAR license for this service. In this case, your crypto is no longer stored on behalf of BLOX in the segregated assets of Stichting BLOX Custody.
BLOX Earn operates a risk management system for the crypto you lend to them. BLOX Earn aims to generate higher returns on your crypto. To achieve this, your crypto may be lent to third parties or used for staking. When your crypto is lent out, there is a risk that some or all of it may be lost if a third party is unable to repay the crypto or the promised returns. For more information about the compensation for BLOX Earn and BLOX, please refer to BLOX’s pricing policy.
For further details on these risks, BLOX refers to the risk disclaimer of the Earn account. The Earn program facilitated by BLOX and executed by BLOX Earn is not supervised by the AFM.
Use of the Website
We have created this website and the BLOX app with care and dedication and always strive to provide accurate and up-to-date information. However, no rights can be derived from the information on the website or app. Use of this information is entirely at your own risk. If you have questions about the content of the website or app, please contact us and we’ll be happy to help.
Our articles are written with passion. Therefore, we retain the copyright to this website. If you wish to copy or distribute information from our articles, please mention BLOX as the source and request written permission from us.
Liability
BLOX accepts no liability for damage resulting from:
- The use of our website or app.
- The temporary inability to access our website or app.
- The content of external websites that are referenced or that refer to our website or app.
While BLOX strives to provide accurate and current information, we cannot guarantee all data is error-free, complete, or up-to-date. BLOX accepts no liability for any losses or damage arising from the above or other risks, your use of this website, our services, or your reliance on the information provided.
Protection of Your Data
BLOX processes (collects, uses, stores, shares, and deletes) personal data. We comply with the General Data Protection Regulation (GDPR). We only process personal data for the purposes for which they were intended or for compatible purposes.