Understanding your Risks
Last updated
Last updated
Disclaimer
It is important to note that EasyX does not assume any responsibility for any financial losses incurred by platform users. By utilizing EasyX, you explicitly acknowledge and accept these risks.
Before you start trading cryptocurrencies, it's important to know that there are risks involved. One major risk is the rapid changes in cryptocurrency prices. While these changes can be good for making profits, they can also lead to forced liquidation if the price moves against your investment strategy. Forced liquidation means that your initial investment could be lost if the price reaches a certain point. We will discuss more on how to prevent liquidations on the section.
In the world of Web3, wallet security is paramount because you are the only one who has control over the assets in it. That's why it's crucial to be cautious and alert when using your wallet and when dealing with unfamiliar smart contracts or signing transactions. If you're not careful, there is a risk that your funds could be lost.
It's essential to keep in mind that when you use EasyX, you are solely responsible for your assets and funds. You have full control over them at all times.
While the EasyX smart contracts have undergone audits, it's important to understand that there is always a possibility of risks and potential vulnerabilities.