By using the copy trading service, the User acknowledges that he/she has read, understood and accepts the risks described below:
- You should be a qualified investor who meets the requirements of the relevant trading laws and regulations of this Agreement.
- You should be at least 18 years of age, have full capacity for civil rights and conduct, and have sufficient knowledge to understand the nature and risks of the products to be traded.
- You are the legal owner of the funds in your BIT account and guarantee the legality of the sources of funds in your account. You shall not use BIT to participate in any illegal activities.
- Digital asset transactions contain extremely high risks, and digital assets are traded uninterrupted throughout the day, the User should determine the suitability for using the Grid Trading or other Automated Trading Product based on their own financial situation and risk preference.
- You shall be solely responsible for any possible losses arising from the use of copy trading service.
- Any information provided to the User by BIT under the Copy Trading Services Agreement and/or the BIT shall not be construed as any form of commitment and guarantee by BIT in relation to the returns or losses.
- Past performance, risk scores, statistics and any other information on a Lead Trader shall not be regarded as reliable indicators for judging future performance. Any descriptions, fee rates, historical highs or minimum return rates are for illustration or calculation purposes only, and shall not be deemed as implying or promising returns or a particular investment style in any way.
- The digital assets market does not have circuit breakers and is large price swings are therefore not uncommon. In extreme market conditions such as high price volatility, the Automated Trading Program may not be able to place orders in accordance with the trading parameters selected by the User. The User agrees that any losses incurred in such circumstances shall be fully borne by the User.
- You understand and accept the risks associated with copy trading service including, but not limited to, automated trading operations in which trades may be started and ended in your account without your manual intervention, the possibility of high costs associated with the delay in copy trading, and that the possibility of failure of the copy trading service. You shall be solely responsible for any and all losses suffered by you as a result of your use of the copy trading service for automated operations. The copy trading service may fail to be performed or be temporarily or permanently unavailable as a result of computer failure or network congestion or for any other reason. BIT does not guarantee the availability of copy trading service at all times and shall not be responsible for any loss, damage or expense arising from unavailability or failure of copy trading service.
- BIT is only a platform for customers to interact with, follow and copy orders of other Lead Traders and trading strategies by using the relevant information, and shall not make any representation or warranty to the professional competence, skills and prudence of any Lead Trader and trading strategy.
- The User understands and acknowledges that the foregoing cannot cover all the risks and market scenarios in the transactions conducted by the User through BIT. Before making a trading decision, a User shall fully understand the relevant digital assets and the risks related to the trading of digital assets, make prudent decisions based on his or her own trading objectives, risk tolerance, and asset condition, and be solely liable for all risks and losses.
- None of the information (including without limitation information from website, order system and service pages) that BIT provides in connection with such service shall constitute an offer to sell or the solicitation of an offer to buy to residents of China, the United States, Hong Kong Special Administrative Region, Singapore or other countries or regions where such offer or solicitation is prohibited by law.
- If you use the copy trading service on BIT and have any transaction dispute with other Users, BIT shall have the right to unilaterally make mediation and settlement decision when either party or both parties jointly submit the dispute to BIT for mediation. You understand and agree to accept the judgment and mediation decision of BIT Platform on such disputes.
- You understand and agree that BIT shall have the right to provide government authorities (including judicial and administrative authorities) upon their request with necessary information such as the User information and transaction records provided by you to BIT. If you are suspected of infringement of others’ intellectual property rights and other legitimate rights and interests, BIT shall have the right to provide necessary identity information of you to the claimant, regulatory or legal departments upon preliminary judgment that you are suspected of infringement and have committed illegal activities.
- BIT reserves the right of final interpretation of other matters not expressly described herein to the extent of law.