Introduction
Welcome to Satoshi, your Bitcoin app for buying, selling, and learning about Bitcoin. This disclosure outlines the risks of holding and investing in Bitcoin, whether through self-custody or third-party solutions.
Understanding Bitcoin
Bitcoin is a decentralized digital currency that allows peer-to-peer transactions without intermediaries. While it has benefits, it also carries significant risks.
Risks of Holding and Investing in Bitcoin
Volatility: Bitcoin prices can change rapidly due to market factors.
Regulatory Risks: Legal and regulatory changes can impact Bitcoin’s use and value.
Security Risks: Risks include theft, loss, or hacking, especially with self-custody.
Third-Party Risks: Custodial solutions involve risks related to the custodian’s stability and compliance.
Technology Risks: Technological changes may affect Bitcoin’s functionality and value.
Liquidity Risks: Market conditions can affect the ability to buy or sell Bitcoin.
No Insurance: Bitcoin holdings are not insured or protected by any entity.
Informed Decision Making
Consider your financial situation and consult advisors before investing in Bitcoin.
Self-Custody Responsibility
If you choose self-custody, you are solely responsible for securing your Bitcoin and private keys. Satoshi is not liable for any issues resulting from your security measures.
Third-Party Custody Risks
Using third-party custody services, including those offered by Satoshi, involves risks such as counterparty and operational risks. Satoshi is not liable for any losses related to third-party services.
Insurance Disclaimer
Bitcoin is not insured by government or private schemes. By holding Bitcoin, you accept that it is not covered by any insurance.
Acknowledgment of Risks
By using Satoshi, you acknowledge understanding and accepting all associated risks, including self-custody and third-party custody risks.
Disclaimer: This document is not financial advice. Always consult a financial advisor before making investment decisions.
Conclusion
Bitcoin presents opportunities but also substantial risks. Approach with caution and make informed decisions. Satoshi aims to offer a secure platform and support for your Bitcoin journey.