Risk Warning
Binance Services
In line with our commitments to compliance and user protection, this Risk Warning provides you with information about some of the key risks associated with Binance Services. Each Binance Service has its own distinct risks. This Risk Warning provides a general description of some of the risks that may arise when you use Binance Services.
This Risk Warning is not exhaustive and does not cover or explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use Binance Services and you should also read the relevant terms applicable to the specific Binance Service. By using the Binance Services and entering into any Transactions, you agree that you have made your own independent decision to do so and assume all of the related risks, regardless of whether they are covered in this Risk Warning.
No Personal Advice
We do not provide personal advice in relation to Binance Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use Binance Services is made by you. No communication or information provided to you by Binance is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.
No Monitoring
Binance is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using Binance Services. We do not monitor whether your use of Binance Services is consistent with your financial goals and objectives. It is up to you to assess whether any activity that you engage in through the Binance Services is appropriate given your financial position and risk appetite.
No Tax, Regulatory or Legal Advice
You have sole responsibility for determining what taxes you might be liable to, how and when they apply, and meeting such tax obligations, when transacting through the Binance Services. It is your responsibility to report and pay any taxes that may arise from entering into a Transaction by using the Binance Services, and you acknowledge that Binance does not provide legal or tax advice in relation to these transactions. If you have any doubts about your tax status or obligations when using Binance Services, or with respect to the Virtual Assets held to the credit of your Binance account, you are encouraged to seek independent advice.
You acknowledge that, when, where and as required by Applicable Law, Binance shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities.
Similarly, when, where and as required by Applicable Law, Binance shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable Laws could also prompt Binance to request that you provide additional tax information, status, certificates or documentation or other information.
You acknowledge that failure to comply with these requests within the specified timeframe, may result in 2 taxes withheld by Binance, to be remitted to tax authorities as defined by Applicable Law. You are encouraged to seek professional and personal tax advice regarding the above and before entering into any Transaction.