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General Risk Warning

A. How to interpret this Risk Warning

All defined terms used in this Risk Warning are as defined in the Binance Terms of Use (the “Terms”) unless otherwise stated.

B. Binance Services

This Risk Warning provides you with information about the risks associated with Binance Services. Each Binance Service has its own distinct risks. This Risk Warning provides a general description of the risks when you use Binance Services.
This Risk Warning 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.

C. No Personal Advice

We do not provide financial advice in relation to Binance Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use Binance Services is made by you. No communication or information provided to you by Binance is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.

D. No Monitoring

Binance is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using Binance Services. We do not monitor whether your use of Binance Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate for your financial activity with us, and to your risk appetite in the products and services you use.

E. No Tax, Regulatory or Legal Advice

The taxation of Virtual Assets is uncertain, and you are responsible for determining what taxes you might be liable to, and how they apply, when transacting through the Binance Services. It is your responsibility to report and pay any taxes that may arise from transacting through the Binance Services, and you acknowledge that Binance does not provide legal or tax advice in relation to these transactions. If you have any doubts about your tax status or obligations when using Binance Services, or with respect to the Virtual Assets held to the credit of your Binance Account, you may wish to seek independent advice.
You acknowledge that, when, where and as required by applicable legislation, Binance shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities. Similarly, when, where and as required by applicable law, Binance shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable legislation could also prompt Binance to request additional tax information, status, certificates or documentation from you. You acknowledge that failure to answer these requests within any legally required timeframe, may result in Binance withholding taxes, to be remitted to tax authorities as required by relevant law. You are encouraged to seek professional and personal tax advice regarding the above and before making any Virtual Asset Transaction.

F. Market Risks

Virtual Asset trading is subject to high market risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and any returns can go down as well as up, and you may not get back the amount you had invested.

G. Liquidity risk

Virtual 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.

H. Fees & Charges

Our fees and charges in relation to Binance Services are set out here. Binance may, , at any time and in its discretion, update the fees & charges. Please be aware of all fees and charges that apply to you, because such fees and charges will affect the gains you generate from using Binance Services.

I. Availability Risk

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 Virtual Assets when you wish to do so.

J. Third Party Risk

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 will not be responsible for any loss that these third parties may cause to you.

K. Security Risk

It is not possible for Binance to eliminate all security risks. You are responsible for keeping your Binance Account password safe and for all the transactions made through your Binance Account, whether you authorised them or not. Transactions in Virtual Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.

L. Risks related to Digital Assets

Given the nature of Virtual Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:
  1. faults, defects, hacks, exploits, errors, protocol failures or unforeseen circumstances occurring in respect of a Virtual Asset or the technologies or economic systems on which the Virtual Asset rely;
  2. transactions in Virtual Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;
  3. technological development leading to the obsolescence of a Virtual Asset;
  4. delays causing a transactions not be settled on the scheduled delivery date; and
  5. attacks on the protocol or technologies on which a Virtual Asset depends, including, but not limited to: i. distributed denial of service; ii. sybil attacks; iii. phishing; iv. social engineering; v. hacking; vi. smurfing; vii. malware; viii. double spending; ix. majority-mining, consensus-based or other mining attacks; x. misinformation campaigns; xi. forks; and xii. spoofing.

M. Monitoring Risks

Virtual Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours.

N. Communication Risks

When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.

O. Currency

Currency exchange fluctuations will impact your gains and losses.

P. Legal Risk

Changes in laws and regulations may materially affect the value of Virtual Assets. This risk is unpredictable and may vary from market to market.