Dear Users,
BitTap provides derivative trading services involving high leverage and high risks. This risk notice aims to help investors understand the potential risks in digital asset derivative trading, ensuring that they fully comprehend the nature and rules of such transactions before making investment decisions. Below are BitTap's risk control rules and related explanations:
1. Suitable Investors
BitTap futures trading involves high leverage and high risk, making it suitable only for experienced professional investors. These investors should have an in-depth understanding of the digital asset market and be able to bear potential losses caused by market fluctuations. We advise investors to carefully assess their investment experience, risk tolerance, and financial status before participating.
2. Types of Risks
2.1 Price Volatility Risk
The digital asset derivatives market is highly volatile. Prices may fluctuate significantly due to global policies, market demand, unexpected events, and other factors. These fluctuations can result in substantial profits or losses. Investors must closely monitor market trends, as failing to manage risks effectively may lead to partial or complete loss of funds.
2.2 Trading Risk
Digital asset derivatives trading involves high leverage, meaning investors may experience significant profits in a short period but also face substantial losses. In case of adverse price movements, users may need to add margin, or their positions could be forcibly liquidated, leading to financial losses.
BitTap does not guarantee any profits for investors, nor does it share users' earnings or cover their losses.
2.3 Regulatory Risk
Digital asset derivatives trading may be subject to different regulatory policies depending on the jurisdiction. Users should fully understand the relevant laws and regulations in their region before trading, assess policy risks, and exercise caution.
2.4 Other Potential Risks
- High-leverage trading may increase market risks. The platform monitors high-leverage positions and reserves the right to take measures such as forced position reduction or liquidation if a user's position threatens market stability.
- BitTap's derivative trading rules (such as adjustment coefficients and expiration dates) may change based on platform operations. In cases where early settlement or delayed settlement is necessary due to special circumstances, users must manage their positions accordingly, bearing any resulting gains or losses.
3. Violation Handling
To maintain market fairness, BitTap has established corresponding penalties for malicious trading behaviors:
- Users engaging in frequent large-volume trades within a short period will face restrictions, including but not limited to suspension of new positions, reduced rewards and cashback, or even VIP level downgrades.
- Users who exceed the specified trading limit within a given period will receive multiple warnings and escalating penalties, such as extended suspension of new positions and forfeiture of daily rewards and rebates.
4. User Advisory
Before engaging in digital asset futures trading, investors must fully understand the fundamentals of derivatives trading and associated risks. We strongly advise investors to consider all possible risks and make investment decisions based on their actual circumstances.
5. Disclaimer
The risks listed in this notice are for reference only and do not comprehensively cover all risks associated with digital asset derivatives trading. Investors should exercise caution and allocate digital assets according to their risk tolerance. If users violate trading rules, BitTap reserves the right to take appropriate actions per platform regulations.