Disclosure & Limitation of Liability

This platform (website and app) is provided “as is,” with all faults, and Konto Exchange makes no express or implied representations or warranties, of any kind related to this Website or the materials contained on this Website. Additionally, nothing contained on this Website shall be construed as providing consultation or advice to you. You will make your own independent decision on how to use any information contained in this disclosure, based on your own judgement and advice from advisers as you deem necessary.

Virtual Currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual Currencies are sometimes exchanged for other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies.

You should be aware that your decisions regarding crypto assets and buying or selling crypto assets can bring you both benefits and losses due to the volatility of the market, and all the consequences of these transactions are reflected solely on you. You acknowledge and agree that you shall access and use the Konto Exchange services at your own risk.

Your Konto Exchange provider cannot be held liable for these consequences under any circumstances. You are also solely responsible for the accuracy of the data submitted and the correct content of the order or transaction initiated by you.

Please do not use the Konto Exchange services if you do not understand these risks and only enter into transactions when you understand the trading option you are using, the characteristics of the Virtual Currency you intend to trade and the potential financial risk involved in trading them. You should, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Internet transmission risks. You acknowledge that there are risks associated with utilising an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Konto Exchange shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, however caused.

The nature of Crypto Assets may lead to an increased risk of fraud or cyberattacks and any losses due to fraudulent or accidental transactions will likely not be recoverable.

Limitation of Liability

In no event shall CRYPTORO OU, subsidiaries or affiliates of the CRYPTORO OU group, your Konto Exchange provider, nor any of its officers, directors and employees be liable to you for anything arising out of or in connection with your use of this website and the services provided here and shall not be liable for any indirect, consequential or special damages arising out of or in any way connected with your use of this platform (website and app).

Indemnification

You hereby indemnify to the fullest extent the Konto Exchange provider from and against any and all liabilities, costs, claims, causes of action, damages and expenses (including reasonable attorneys' fees) arising out of or relating in any way to your breach of any of the provisions of these Terms.

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