Risk Disclosures

By using Bitiness, you acknowledge and accept the inherent risks associated with interacting with decentralized financial (DeFi) systems, smart contracts, and blockchain-based applications. The following disclosures are provided to ensure transparency and help you make informed decisions.

🔹 1. No Custodial Responsibility

Bitiness is a non-custodial decentralized exchange (sDEX). This means:

  • You are fully responsible for your own funds.

  • Bitiness never holds or controls your tokens.

  • Losing access to your wallet or private keys means losing access to your assets.

🔹 2. Smart Contract Risk

Although Bitiness smart contracts are built using best practices and may be audited, no contract is entirely free from vulnerabilities. Possible risks include:

  • Bugs or flaws in contract logic

  • Exploits by malicious actors

  • Unexpected interactions with other dApps or tokens

📌 Use the platform at your own risk. Only transact with amounts you’re willing to lose.

🔹 3. Market Volatility

Cryptocurrency markets are highly volatile. Token prices can swing dramatically within seconds. Risks include:

  • Sudden drops in token value

  • Price slippage during trades

  • Impermanent loss in liquidity pools (when live)

🔹 4. No Insurance or Guarantees

Bitiness does not offer:

  • Deposit insurance (unlike banks)

  • Profit guarantees

  • Refunds for failed or incorrect transactions

All actions are final once confirmed on-chain.

🔹 5. Regulatory Uncertainty

DeFi and crypto regulations vary across jurisdictions and may change over time. Users are responsible for:

  • Understanding the legal status of cryptocurrencies in their region

  • Complying with local tax and financial reporting requirements

🔹 6. Phishing & Scam Awareness

Bitiness will never ask for your:

  • Private keys

  • Seed phrases

  • Personal credentials

Only use official links found in this GitBook or on https://app.bitiness.com/

✅ Summary: Use With Caution

Area
User Responsibility

Wallet Access

Secure your seed phrase and private keys

Smart Contracts

Understand the risks of interacting with code

Trading Activity

Manage risk, research tokens, and set limits

Legal Compliance

Follow your local laws and tax regulations

By using Bitiness, you agree to these terms and risks and accept full responsibility for your actions.

If you have questions, join our Telegram Community or contact support at Business@bitiness.com.

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