Cookie Policy

“General Risk Disclosure Statement From For Crypto Assets”

This Risk Disclosure Statement has been prepared to provide information about the risks associated with Crypto Assets. The transactions you will carry out in Crypto Assets can cause significant financial losses. As a result of your trading transactions in Crypto Assets, you can earn a profit or suffer a loss and lose all your investments. Therefore, before deciding to execute your transactions, you should understand and recognize all the risks in the market; and you have to make a decision considering your financial situation.

Market prices for Crypto Assets can change unpredictably in a very short time. Due to the content of Crypto Assets, you can earn profit as a result of your transactions, while you also bear risk of loss. Regarding Crypto Assets, there are risks of cyber-attack, theft, various security breaches, restriction of access to the market, electronic or technological failures, termination of the network program, withdrawal of developers from the project, and loss of value of crypto assets. Therefore, before you decide to trade, you should understand the risks you may face in the cryptocurrency market and make your decision by considering your financial situation and limitations.

This Risk Statement aims to inform you about some general risks, it may not cover the risks related to the buying-selling of Crypto-Assets, Market Risk, Liquidity Risk, Legal Risk, Wallet Risks, the special risks for the Crypto Asset which you will trade, the risks deriving from application and all the risks that might stem from the services defined in the Usage Agreement. We recommend that you investigate the risks of the Crypto Asset you will trade with, examine the relevant Crypto Asset's promotional document called "whitepaper" and then do transactions if you find it appropriate.

Crypto Assets are produced, traded, transferred, and are a digital representation of a value. Crypto Assets are not local currencies or legal tender.
. Crypto Assets bear their own specific risks, differing from traditionally known risks associated with national currencies, commodities, securities or other financial instruments. Unlike national currencies/legal tender, they are not issued by governments or official institutions/organizations, unlike the securities, they are not issued by governments or official/private institutions/organizations, and unless otherwise notified, there is no underlying asset behind them, and unlike commodities, they do not physically exist.
. Crypto Assets maintain their existence on a network (network) which is generally not legally regulated, defined as distributed (decentralized) and built on one-to-one transactions between individuals in an anonymous order, and in an end-to-end encrypted structure with cryptographic methods to ensure their integrity.
. There is no guarantee of liquidity in your Crypto Asset transactions. Depending on the type of the relevant Crypto Asset, the network in which the relevant Crypto Asset is traded, or the market conditions on the Taparam platform, the liquidity may increase or decrease in the relevant Crypto Asset or there may not be a liquid market where you can sell your Crypto Asset.
. There are risks such as termination of the network where Crypto Assets are traded, withdrawal of developers from the project, withdrawal of validators (nodes, etc.) from the network, depreciation of Crypto Assets, Prohibition of Crypto Assets and/or transactions made in connection with them by any state/government/administrative authorities or legal authorities, taking measures on crypto assets and preventing them.
. There is a possibility that your contingent orders may not be realized according to the conditions that will occur in the market such as "Limit Order" or "Stop Order", and at the same time, these order types do not have the possibility or guarantee of restricting/limiting your losses.
. You should be aware of that investment in Crypto Assets based on foreign currency, there is a currency risk in addition to the risks mentioned above, there may be a loss of value due to exchange rate fluctuations, that states can restrict foreign capital and foreign exchange movements and may impose additional and/or new taxes.
. Taparam does not undertake any guarantee, declaration or commitment that the listed Crypto Assets will always continue to be traded in the market. Any listed Crypto Assets may be removed from the list or closed to transaction by Taparam at Taparam's sole discretion and without prior notice.
. Taparam does not give any guarantee or provide any security that the markets will be active and liquid for any Crypto Asset. Taparam does not give any advice regarding the compliance of Crypto Assets with the laws and regulations for each user, it is your responsibility to know and understand the legal practice.
. Wallet service is not provided by Taparam. Your Crypto Assets kept by Taparam can be kept together with the Crypto Assets of other users of the Taparam platform and/or Taparam's own Crypto Assets, can be mingled and refunded as equivalent.
. Taparam; gives no undertaking and warranty regarding that they shall be offered uninterruptedly and being available at any time or that they are, or shall remain, compatible with any system and hardware or shall operate uninterruptedly. In this context.
. Taparam, at its own discretion, has the right to take and implement at any time and for as long as it wishes the measures such as price capping (a price ceiling for a buy order or a price floor for a sell order), mandatory limit order application, closing market orders, maximum order value limit, which will partially and/or completely prevent or hinder the market performance of the listed Crypto Asset.
. Taparam does not provide wallet service, and unless otherwise notified by Taparam, you will need to withdraw the Crypto Assets to your own wallet address from the accounts in Taparam, in case you want the Crypto Assets to pass to your ownership after being allocated/distributed as a result of the distribution (airdrop, fork, etc.) or reward (retaining, etc.) programs, to benefit from the right of management of vote over the network, to use the Crypto Assets which are made transaction on for the purpose of staking or bonding, unless otherwise is notified by Taparam. Taparam shall be authorized to take decisions ex officio on the issues related to the participation to the decisions taken in the network where the relevant Crypto Assets is traded for the Crypto Assets hold in the accounts of Taparam, exercising the right of vote, benefitting from the crypto assets to be allocated/distributed as a result of the distribution or reward programs or transfer or not transfer to the users the crypto assets to the allocated/distributed, and Taparam may not be held liable for or does not bear any guarantee, commitment or obligation to compensate damage due to the usage of such authorization. Within this scope, all necessary undertakings must be made by you to protect all kinds of rights regarding the Crypto Assets you performing your transactions with.
. Taparam operates and manages the Crypto Asset trading platform, but unless you specify otherwise, it is not a counterparty in any of your buy-sell orders, therefore it is not obliged to ensure that the Crypto Assets you will buy and sell will be traded at the prices determined by you or at the international prices. The purchase and sale prices of Crypto Assets are realized independently and based on mutual bargaining among the users, according to their own needs and will, and Taparam does not have any price guarantee or commitment.
. Regarding Crypto Assets, there are risks of cyber-attack, theft, various security breaches, restriction of access to the market, electronic or technological failures, termination of the network program, withdrawal of developers from the project, and loss of value of crypto assets.
. Taparam only mediates your Crypto Asset trading transactions and is not the issuer, operator, manager or any other right holder of any Crypto Asset.
. In case Taparam has a reasonable suspicion that you are engaged in a suspicious activity, that you are acting against the law and/or the User Agreement and/or for legitimate reasons; Taparam has right to freeze your account partially or completely for a certain period of time or indefinitely, block transfers in your account partially and/or completely, close your account, prevent the use of your cash or crypto assets by taking precautions. In such case, you will not be able to do transaction or transfer from your account.
. There are risks associated with using an internet-based trading system, including but not limited to software and internet connection failure, and it is important for you to be aware of this. Taparam does not accept any responsibility for communication failures, interruptions, errors, malfunctions or delays that you may encounter for any reason while using the Services offered to you.
. Once your Crypto Asset transfer transactions are completed, it cannot be returned and revoked. Therefore, it is your obligation to check the accuracy of the wallet address to which you are transferring.
. Before starting your transactions, you should be get information and agree on all commissions, other fees and expenses you will pay. If the fees and expenses are not expressed in monetary terms, you must request a written explanation or statement from Taparam with clear examples showing how such fees and expenses will be reflected to you in monetary terms.
. This Risk Information Form is an annex and an integral part of the User Agreement you signed/approved with Taparam.

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