General Risk Warning

All capitalized terms used in this Risk Warning that are defined in the Bicoins Terms of Use (the “Terms of Use”, which includes any Product Terms (as defined in the Terms of Use)), have the same meaning and construction as in the Terms of Use.

In line with our commitments to compliance and user protection, this Risk Warning provides you with information about some of the key risks associated with Bicoins Services. Each Bicoins Service has its own distinct risks. This Risk Warning provides a general description of some of the risks that may arise when you use Bicoins 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 Bicoins Services and you should also read the relevant terms applicable to the specific Binance Service. By using the Bicoins Services and entering into any Transactions, you agree that you assume all of the related risks.

We do not provide personal advice in relation to Bicoins Services. We sometimes provide factual information, information about transaction procedures, and information about the potential risks. However, any decision to use Bicoins Services is made by you. No communication or information provided to you by Bicoins 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.

Bicoins 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 Bicoins Services. We do not monitor whether your use of Bicoins Services is consistent with your financial goals and objectives. It is up to you to assess whether any activity that you engage in through the Binance Services is appropriate given your financial position and risk appetite.

You have sole responsibility for determining what taxes you might be liable to, how and when they apply, and meeting such tax obligations when transacting through the Bicoins Services. It is your responsibility to report and pay any taxes that may arise from entering into a Transaction by using the Bicoins 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 Digital Assets held to the credit of your Binance account, you are encouraged to seek independent advice.
You acknowledge that, when, where, and as required by Applicable Law, Bicoins 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, Bicoins shall withhold taxes related to your transactions, transfers, distributions, or payments. Applicable Lawscould also prompts Bicoins to request that you provide additional tax information, status, certificate documentation, or other information. You acknowledge that failure to comply with these requests within the specified timeframe may result in taxes withheld by Binance, to be remitted to tax authorities as defined by Applicable Law. You are encouraged to seek professional and personal tax advice regarding the above and before entering into any Transaction.