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BitTrust Inc. (“BitTrust”, “we”, “us”, or “our”) is a corporation incorporated and operating in Canada, with its registered address at 4141 Dixie Rd, Mississauga, Ontario, Canada, L4W 1V5. BitTrust Inc. is a registered Money Services Business (“MSB”) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M21441278.
Engaging in virtual currency transactions involves significant risk. By using BitTrust services, you acknowledge and accept the risks described in this statement. Virtual currency transactions may result in partial or total loss of funds, and you should carefully consider whether such activities are appropriate for you.
Cryptocurrencies are highly volatile and may experience rapid and significant price fluctuations. Market conditions may change at any time without notice, and you may incur significant losses, including the total loss of funds.
Transactions conducted on blockchain networks are irreversible. Once a transaction has been initiated and confirmed, it cannot be canceled, reversed, or modified. Errors, including incorrect wallet addresses or network selection, cannot be corrected and may result in permanent loss of funds.
The regulatory environment governing virtual currencies is evolving and subject to change. Changes in applicable laws, regulations, or government policies may materially impact the availability, legality, or value of virtual currencies and may impact BitTrust’s ability to provide services.
BitTrust relies on third-party service providers and decentralized blockchain networks to facilitate transactions. These services may be subject to delays, disruptions, or failures beyond BitTrust’s control, which may affect transaction processing or settlement.
Customers are responsible for the security and management of their wallets, private keys, and access credentials. Risks include unauthorized access, hacking, loss of private keys, and use of incompatible wallet software. BitTrust does not control customer wallets and cannot recover lost or inaccessible funds.
Certain virtual currencies may have limited liquidity, which may impact the ability to execute transactions promptly or at expected prices. Market depth and trading volume may vary significantly.
Virtual currency transactions depend on decentralized blockchain networks that may experience congestion, delays, or operational issues. Protocol changes, including forks, or incorrect network selection may impact transactions. BitTrust is not responsible for losses resulting from such network-related issues.
Certain virtual currencies, including stablecoins, are designed to maintain a stable value but may be subject to loss of peg, reserve insufficiency, counterparty risk, or regulatory restrictions. There is no guarantee that such assets will maintain their intended value.
BitTrust does not provide ongoing custodial services and does not maintain custody of customer virtual currency or private keys outside the execution of transactions. Customers retain control over their assets and are responsible for their safekeeping. BitTrust cannot recover lost or inaccessible funds.
BitTrust is subject to Canadian anti-money laundering and anti-terrorist financing laws and may, at its discretion or as required by law, delay, refuse, restrict, or cancel transactions, request additional information or documentation, or restrict access to services. Such actions may occur without prior notice where permitted by law.
BitTrust may monitor and analyze transactions and may be required to report certain transactions to regulatory authorities, including the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), in accordance with applicable legislation. Such reporting may occur without notification to the customer.
Prices quoted at the time of a transaction may change due to market conditions, liquidity, or timing of execution. BitTrust does not guarantee that transactions will be executed at a specific price, and price differences may occur due to market movement or processing delays.
Virtual currencies and related services provided by BitTrust are not insured or guaranteed by the Canada Deposit Insurance Corporation (CDIC), the Canadian Investor Protection Fund (CIPF), or any other government or investor protection scheme. Customers may lose the full value of their funds.
BitTrust does not provide financial, investment, legal, or tax advice. All transactions are executed at your own risk, and you are responsible for your decisions.
Virtual currency transactions are highly speculative and may not be suitable for all individuals. Customers should ensure that they fully understand the risks involved before engaging in such transactions.
By engaging in transactions with BitTrust, you confirm that you understand and accept the risks described in this statement and assume responsibility for your actions and decisions, to the extent permitted by applicable law.
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