Hash Pay Sp. z o.o., a company duly incorporated in Poland with registered company number KRS 0001142777 and registered office address at UL. Stanisława Przybyszewskiego 91-99, m. 15, 93-126, ŁÓDŹ, POLSKA (“BetterHash”, “us”, “we”, “our”).
The Customer should carefully consider the risks described below, among others, together with all other information contained in this Policy and this Risk Disclaimer, before deciding to purchase or sell virtual currency. The following discussion is not an exhaustive list of the risks associated with the purchase and sale of virtual currency and does not necessarily reflect the relative importance of the various risks.
The Customer has read and understood all the terms of this Policy and the Risk Disclaimer. The Customer acknowledges and consents that the Risk Disclaimer may be amended by BetterHash.
The Customer has sufficient knowledge and experience in business and financial matters to evaluate the risks and merits of the purchase and sale of virtual currency and can bear the risks thereof. The Customer has acquired sufficient information to reach an informed and knowledgeable decision to execute a virtual currency transaction. The Customer understands that the purchase and sale of virtual currency involve risks, all of which the Customer fully and completely acknowledges and assumes. The Customer understands and expressly accepts that the virtual currency will be delivered to the Customer at the sole risk of the Customer. The Customer understands and expressly accepts that the Customer has not relied on any representations or warranties made by BetterHash, including, but not limited to, conversations of any kind, whether through oral or electronic communication.
The regulation of virtual currency and virtual currency exchanges is currently undeveloped and likely to rapidly evolve and vary significantly among different jurisdictions and is subject to significant uncertainty. New or changing laws or interpretations of existing laws would likely have numerous material adverse consequences, including, but not limited to: (i) the value of virtual currency; (ii) the liquidity and market price of virtual currency; (iii) the Customer’s ability to purchase or sell virtual currency. Therefore, there can be no assurance that any new or continuing regulatory scrutiny or initiative will not have a material adverse impact on the value of virtual currency.
The Customer understands and acknowledges that the purchase of virtual currency carries many typical risks of participating in any project associated with blockchain technologies.
The Customer has obtained sufficient information to make an informed decision to purchase and sell virtual currency.
The Customer has such knowledge and experience in financial and business matters that the Customer can evaluate the merits and risks of such purchase and sale, is able to incur a complete loss of such purchase or sale without impairing the Customer’s financial condition and is able to bear the economic risk of such purchase and sale for an indefinite period of time.
The Customer understands that the purchases and sales are, by default, non-refundable and cannot be exchanged for cash (or its equivalent value in any other virtual currency) by BetterHash and/or any payment obligation from BetterHash.
The Customer may be unable to trade or otherwise dispose of ownership of virtual currency. The Customer may be unable to purchase, sell, or otherwise transact in virtual currency at any time. By executing a virtual currency transaction, the Customer acknowledges, understands, and agrees that: (a) virtual currency may have no value; (b) there is no guarantee or representation of liquidity for virtual currency; and (c) BetterHash is not and shall not be responsible for or liable for the market value of virtual currency, the transferability and/or liquidity of virtual currency and/or the availability of any market for virtual currency through third parties or otherwise.
The Customer acknowledges that: (A) virtual currency does not have any intrinsic value and may never recover any cash, virtual currency, or other assets which are used directly or indirectly to acquire virtual currency; (B) there is no market-standard valuation process to determine the value of virtual currency at any given time; and (C) BetterHash gives no guarantees whatsoever on the value of virtual currency, which may be highly volatile and could reduce to zero.
The Customer acknowledges and accepts that BetterHash reserves the right, at its own and complete discretion acting in good faith, to modify, temporarily or permanently suspend, or eliminate its software and/or disable any access to its software.
The Customer acknowledges that access to the Platform may be limited, unavailable, or interrupted at any time, including, but not limited to, during periods of peak demand, market volatility, system upgrades, maintenance, or during any other events impacting BetterHash, the Customer, or third-party providers supplying systems or services necessary for the Platform to be available, and that BetterHash will not be liable, and the Customer will not attempt to hold BetterHash liable, for any losses arising out of or relating to any inaccuracies, duplications, or errors in the Platform or resulting transactions. The Customer understands and acknowledges that the Platform is software under development.
BetterHash utilizes relatively new concepts and technology. The Platform might be subject to vulnerabilities heretofore unknown or might not function as intended. Blockchain technology is changing rapidly, so the Platform may become outdated. The Platform will rely, in whole or in part, on third parties to adopt and implement it and might in the future rely, in whole or in part, on third parties to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, and/or otherwise meet anyone’s needs, all of which might have a material adverse effect on the Platform.
The Platform’s functionality may be adversely affected by computer viruses, malware, smart contracts being hacked, and other “hacking” programs and devices. Hacking events may also cause significant damage, delays, or interruptions to the Platform and operations. Additionally, hacking events may adversely affect the Platform, software, or hardware causing significant damage, delays, or other service interruptions to the Platform and operations. BetterHash shall have no liability to the Customer with respect to any loss resulting from any malicious software, hacking, or computer or other digital viruses, or other hacking events.
The purchase and sale of virtual currency may have tax consequences for the Customer. The Customer is solely responsible for the Customer’s compliance with tax obligations. The Customer explicitly bears the sole responsibility to determine whether the purchase and sale of virtual currency, the potential appreciation or depreciation in the value of virtual currency over time, and/or any other action or transaction related to virtual currency have tax implications for the Customer. The Customer acknowledges, understands, and agrees that BetterHash bears no liability or responsibility with respect to any tax consequences to the Customer.