These Hotcoin Terms of Use is entered into between you. By making use of Hotcoin services and relevant leverage & margin functions, you acknowledge and agree this agreement, after agreeing to the agreement, you can use the margin trading function normally. Hotcoin may make amendments and updates to this agreement from time to time.
For a better experience of users in using the margin trading functions, please refer to the Margin Descriptions for details.
(1) Policy risk: Users of Hotcoin may encounter losses due to amendment of national laws, regulations or macro-policies which may influence the normal transaction of cryptocurrencies.
(2) Compliance risk: Users of Hotcoin may encounter losses if the user’s cryptocurrency transaction violates national laws or regulations.
(3) Investment yield risk: Cryptocurrency market has its uniqueness: it never closes with cryptocurrency prices fluctuating in a very wide range. Users may encounter losses in the market.
(4) Trading risk: Your successful transfer is dependent on mutual assent of the parties to the transfer and Hotcoin does not commit to or guarantee any successful transfer.
(5) Force majeure risk: When natural disaster, war, striking, cyber attack and other unpredictable, unavoidable and unformidable situation occurs, Hotcoin may not operate normally and may result in user’s losses. For the user’s loss caused by force majeure, Hotcoin will not assume any civil liabilities.
(6) Delisting risk: When cryptocurrency project party faces bankrupt, liquidation and dissolution, or violates national laws & regulations, or under the request of the project party, Hotcoin will delist the cryptocurrency, which may cause losses for users.
(7) Technical risk: Although the chance of a technical fault is remote during a cryptocurrency transaction, we cannot exclude such a possibility. If such an incident has happened, the user’s interests may be affected.
(8) Operation risk: Users may face risks due to operational errors, such as transferring to wrong account, violating operation regulations, etc.
(9) Account frozen risk: User’s account may be frozen or forcefully confiscated by judicial institutions in the event of debt default or alleged crimes.
Reminder: If you click to agree to this risk notice, it will be deemed that you understand and are willing to assume cryptocurrency transaction risks and potential losses. Hotcoin is not obligated to refund user’s cryptocurrency principal & interests or assume other responsibilities.
