A. Infinite Exchange Pty Ltd (ACN: 626 539 071) trading as InfiniteX Exchange provides services related to the purchase, sale transfer and exchange of digital assets
B. InfiniteX Exchange owns and operates the website at https://www.infinitex.com.au (Website).
C. Trading digital assets (‘Cryptocurrency’) involves a high degree of risk and volatility.
D. You must consider your suitability for purchasing, selling, trading and holding, Cryptocurrency. Our services are suitable for customers who fully understand the risks associated with such products and services.
E. You should not trade more than you can afford to lose. You should ensure that you have carefully considered the risks involved, and seek independent financial advice.
F. Further information relating to the risks associated with our services are outlined in the Risk Disclosure Statement and Terms and Conditions of Use. You must ensure that you read and understand these documents prior to opening an account.
G. This Risk Disclosure and Disclaimer is merely a brief introduction to part of the risks you may encounter during the process of holding, buying and selling or trading digital assets. We do not attempt to itemise each and every relevant aspect of all risks. You must do your own research and educate yourself about the associated risks. We provide this information to warn users of some of the potential financial risks of engaging in holding, buying and selling or trading digital assets. It should be read in conjunction with the Risk Statement and Disclosures contained in the Terms and Conditions of Use.
Risk Disclosure Statement
2. Warning - Beware of the Risks
Prior to purchasing, selling, trading or holding digital assets or otherwise using services of this website, you should be aware of the risks including, but not limited to the following:
A. Market risks: Please note that due to unpredictable market conditions, the value of digital assets may be affected significantly by a wide range of factors (such as market volatility; market sentiment; domestic and international economic and political conditions, changes in government, monetary policies, taxation and other laws and regulations) The changing value of digital assets is unpredictable and uncertain. You must be highly cautious when buying, selling, acquiring, trading, or holding digital currencies.
B. Liquidity and trading risks: Please note that there may be significant differences in market liquidity among digital assets. If market trading volume is scarce, its volatility may increase. The existing digital asset exchange markets may continue to exist in the future, however, they may stop operating and no longer exist. The value of digital currency is volatile and you are responsible for carefully assessing your personal conditions to avoid potential losses.
C. Legal risks: Currently, digital assets are not recognised as legal tender in many jurisdictions and do not have essential value. Their legal position may affect your legal rights, obligations, declaration obligations and tax law obligations related to holding, purchasing, selling or trading digital assets. You are solely responsible for understanding the legal position and requirements for digital asset dealing and for complying with any and all relevant legal, tax or declaration requirements.
D. Counter-party risks: The storage of digital currency in the custody of any third party may increase risk, including but not limited to security breaches, contractual default risk and risk of losses.
E. Cybersecurity risks: All information technology systems, personal computers, mobile phones and websites may be compromised or accessed without authorisation by malicious hackers, viruses, trojan horses, malware, computer codes or other means. Although we take all reasonable measures to reduce risks, we do not guarantee that risks can be fully controlled or avoided. In addition, we do not exercise control over the computers, mobile phones or terminals you use to access our website and you are solely responsible for ensuring that your computers, mobile phones or terminals are safe at all times.
F. Online and electronic transaction risks: Please note that delays or failures of transactions may occur caused by computer equipment, hardware, software, and internet connections.
3. We are not an investment or trading adviser
InfiniteX Exchange is not a financial investment or trading adviser. We only provide
information, not advice. You should consider seeking independent legal, financial, taxation or other relevant advice to understand how the website information, and use
of our services, relates to your unique circumstances. It is suggested that before holding or trading any digital currency, you must consider all relevant factors, including but not limited to your personal investment objectives, investment experience and your risk-taking ability.
The information contained in this website is the property of Infinite Exchange Pty Ltd. This information is provided for your personal use only and must not be distributed or transmitted to any third party, in whole or in part, without the prior written consent of Infinite Exchange Pty Ltd.
5. Accuracy of information
We do not guarantee the accuracy or completeness of the information on our website and mobile phone app. Errors including technical inaccuracies may occur within the information we provide. As a result, we are not responsible for the accuracy of the information or other content on this website, any third party data or any information, content or services on any third party websites.
6. Limitation of liability
We do not guarantee uninterrupted services or the promptness and security of our services. To the maximum extent permitted by relevant laws:
A. we are not liable for any loss or damage caused arising from your use of, or reliance on, the information provided by our website or any other user of our services;
B. the Company shall not be liable for, and you agree not to hold or seek to hold, any of its agents or service providers liable for any technical problems, system failures and malfunctions, communication line failures, equipment or software failures or malfunctions, system access issues, system capacity issues, high Internet traffic demand, security breaches and unauthorised access, and other similar computer problems and defects;
C. the Company shall not be liable for errors, insults, slanders, inactions, obscenity, pornography or blasphemy caused by third parties that you may encounter in course of using our services.
7. Compliance with law
A. We may be compelled to provide your personal information under court order, or other statutory instruments, and we will not be liable to you for our lawful compliance.
B. It is your responsibility to understand and act in compliance with relevant laws. You should obtain advice from a lawyer competent in the area.
We may, at our discretion, offer the content on the website in multiple languages. The English language version shall prevail in the event of any conflict between a different language version and the English version.
9. Contact us
A. If you have a query regarding this Risk Disclosure & Disclaimer or any other question, please contact us through: firstname.lastname@example.org.
B. If you wish to make a complaint, please contact us in the first instance at email@example.com and we will endeavour to deal with your request as soon as practicable.