Binance Bahrain BSC (c.)
A. How to interpret this Risk Warning
All terms used in this notice, which are defined in the Binance Bahrain Terms of Use (the âTerms of Useâ), have the same meaning and construction as in the Terms of Use.
This Risk Warning provides users with information about the risks associated with trading in Crypto Assets and using the Binance Services. Users are strongly advised to read this Risk Warning carefully before deciding to use any of Binance Services.
This notice does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use Binance Services.
Users should undertake their own assessment as to the suitability of trading in Crypto Assets based on their own investigations, research and based on their experience, financial resources and objectives.
B. Risk Disclosures
You acknowledge and understand that your usage and access of the Binance Services comes with your acceptance of risk, and the possibility of suffering significant losses while trading or transacting in Crypto Assets. Binance will not be liable for or reimburse any losses you make when transacting in Crypto Assets. Before accessing or making use of Binance Bahrain, you should take into account the following risks:
 ⢠The price of Crypto Assets can be extremely volatile. This can lead to fluctuations in the value of your Crypto Assets and potential loss of your invested capital. Users should monitor their investment and be prepared to bear losses, including, in extreme circumstances, total loss of the capital invested.
⢠The value of Crypto Assets may be derived from the continued willingness of market participants to exchange fiat currency for Crypto Assets, which may result in the potential for permanent and total loss of value of a particular Crypto Assets, should the market for that Crypto Assets disappear.
⢠Crypto Assets may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time, including at times of rapid price movements.
⢠Crypto Assets are not legal tender and are not backed by any government.
⢠Due to their digital nature, Crypto Assets are significantly exposed to the risk of cyber-attacks and fraudulent activities. This risk is further exacerbated by the potential of security breaches, hacking attempts, and unauthorized access. Furthermore, any technical/technological difficulties experienced by Binance Bahrain or any associated third party service providers could lead to disruptions. These disruptions may not only hinder your access to your Crypto Assets but could also delay transactions or operations, impeding proper function or execution of trading activities.
⢠Transactions in Crypto Assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable.
⢠There is a potential for swift losses in trading Crypto Assets due to a host of factors. These factors can include, but are not limited to, volatility in prices, liquidity variations, and legislative and regulatory changes. In addition, aspects like market manipulation attempts, technological glitches, changes in market sentiment, geopolitical events, and unexpected news can significantly influence Crypto Asset prices.
⢠We do not guarantee that the Binance Services will be available at any particular time or that Binance Services will not be subject to unplanned service outages or network congestion. It may not be possible for you to buy, sell, store, transfer, send or receive Crypto Assets when you wish to do so.
⢠Binance Bahrain may use subcontractors and/or third-party service providers to deliver the products and services it provides. Third parties, such as payment providers, custodians, and banking partners may be involved in the provision of Binance Services. You may be subject to the terms & conditions of these third parties, and Binance Bahrain may not be responsible for any loss that these third parties may cause to you.
⢠Even with high security standards, third-party Crypto Asset service providers maintaining and managing wallets for Binance Bahrain could introduce various operational and financial risks. These risks might include, but are not limited to cyber security, fraud, and insolvency risks, among others.
⢠The potential for losses in trading, using, or holding Crypto Assets, or availing various products and services provided by Binance Bahrain is substantial. Users must prudently evaluate if trading or retaining Crypto Assets aligns with their financial standing across the diverse products and services provided by Binance Bahrain.Â
⢠Binance Bahrain offers various leveraged products, such as futures and margin trading. Leveraged trading in particular, is subject to high market risk and price volatility and comes with a high risk of losing money rapidly due to leverage, which amplifies exposure to market movements. All of your margin balance may be liquidated in the event of adverse price movements.Before trading, you should consider whether you understand how leveraged products work, whether entering into a leveraged transaction will help you meet your financial objectives, and whether you can afford to take the high risk of losing your money. Losses on leveraged products can exceed the amount of margin deposited.
⢠Users should understand that opting to use âEarn Productsâ offered by Binance Bahrain carries risks, including but not limited to default risk, liquidity risk, and operational risk. There is no guarantee of returns and the original amount invested may not be fully recoverable. In addition, Crypto Assets that you deposit in Earn products (âEarn Assetsâ) do not benefit from the same level of on-chain asset segregation as Client Assets.
While Client Assets are generally segregated on-chain in a separate omnibus cold wallet solely for Crypto Assets held in custody for the clients of Binance Bahrain, Earn Assets will be pooled on-chain in omnibus hot and cold wallets with Crypto Assets belonging to other Binance clients globally, as well as proprietary Crypto Assets of various Binance entities. Whereas Client Assets are held in custody by Binance on behalf of users and are not used for any other purpose, Earn Assets can be pooled and used in accordance with the relevant Product Terms. âEarnâ Assets are provided as liquidity to business units within the Binance group of entities for operational purposes, including lending of assets to other users via Margin and Loan products. The Real-Time APR indicated for each token reflects their respective demand and supply dynamics. A large amount of redemption requests might cause a temporary shortage in available balances, and you might be unable to redeem your assets during these instances. Redemptions may resume upon borrowers repaying borrowed amounts or with additional liquidity provided by other users.
⢠Legislative and regulatory changes or actions at national level or international level may adversely affect the use, transfer, exchange, and value of Crypto Assets in certain locations
⢠Binance Bahrain may introduce new features, products or types of transactions which may present risks not stated above.
⢠This list does not encompass all potential risks linked to transacting with Crypto Assets through Binance Bahrain. Users are encouraged and required to reflect on their personal financial situation and available resources prior to utilizing Binance Services. The onus is on the user to assess the associated risks and to ascertain their acceptability given their unique circumstances.
⢠Moreover, the decision to trade with Crypto Assets and or conduct transactions on Binance Bahrain should be based on sufficient understanding and knowledge of the various products and services provided by Binance Bahrain accompanied by thorough research, understanding of the market dynamics, and careful consideration of one's risk tolerance and objectives. Any potential losses incurred are to be shouldered by the user, underlining the importance of due diligence and responsible trading.