Risks Notice

This notice informs users and clients of the digital currency exchange service AvanChange (hereinafter referred to as "Service") about risks associated with using cryptocurrency assets and operations on the website at https://avanchange.io/.

In compliance with applicable laws and regulations and in order to ensure the security of transactions involving digital currencies facilitated by the Service, AvanChange will make every effort to minimize such risks through a risk-based approach to its business activities.

The website is intended solely for individuals aged 18 years or older. The website does not conduct operations with Digital Financial Assets (DFA) for individual residents within the territory of the Russian Federation. The website also does not provide an option for depositing foreign currency into accounts held by Russian residents.

1. Absence of Official Legal Status for Digital Currency

Digital assets (cryptocurrencies, tokens, and other types of digital assets) offered and accepted by the AvanChange Service do not have official legal tender status in most countries worldwide, including the Russian Federation. The use and recognition of these assets are determined by each country's national legislation.

2. Absence of State Guarantees

Digital assets are not backed by any government or central bank. Their value is exclusively determined by market conditions and opinions of market participants, making them highly sensitive to price fluctuations.

3. High Risk of Losing Funds

Using digital assets may result in total or partial loss of funds, including due to:

• Market volatility: Cryptocurrency prices can experience sharp upward and downward movements, leading to significant losses.
• Technical failures: Errors and malfunctions on the platform could cause issues accessing funds or executing transactions.
• Unlawful actions: Risks include account hacking, fraudulent activity, and theft of funds.

4. Limited Value of Tokens

Certain tokens might only hold significance and value within specific platforms or ecosystems. Their worth and ability to be exchanged depend entirely on the viability and popularity of their respective platforms.

5. Technological Risks

Blockchain technology and related systems are continuously evolving and being updated. This necessitates periodic upgrades that carry potential technical glitches, errors, and delays in system functionality.

6. Legal Risks

Different jurisdictions take varying approaches toward cryptocurrencies. There is a risk that certain transactions or contracts may be deemed invalid or unenforceable under some regulatory frameworks.

Users of the Service who engage in digital currency transactions within the Russian Federation hereby acknowledge that they bear full responsibility for complying with tax law requirements (the Tax Code of the Russian Federation) and fulfilling obligations set forth by Federal Law No. 115-FZ ("On Counteracting Money Laundering and Terrorist Financing") and Federal Law No. 161-FZ ("On National Payment System").

7. Informed Acceptance of Risks

A user of the AvanChange platform must independently assess all risks associated with owning and utilizing digital assets, along with prudently considering decisions regarding exchanges involving digital currency.