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7. Finder Wallet Risk Warning
Date: 22 December 2022
7.1 Counterparty Risk
When you purchase an amount of Cryptocurrency, you will have a beneficial interest in the Cryptocurrency. Finder Wallet, or a third party, will hold and secure the Cryptocurrency. If Finder Wallet, or the third party becomes insolvent, or is subject to hacking or some other cyber security event, the Cryptocurrency may be jeopardised and you may incur partial or total loss of the Cryptocurrency.
7.2 Credit Risk
You do not maintain a legal interest in the Cryptocurrency, as defined in the Finder Cryptocurrency Trading Terms, and we do not hold Fiat currency in a trust account. Accordingly, if Finder becomes insolvent, you will be an unsecured creditor in relation to your Cryptocurrency or Fiat currency held with us
7.3 Volatility Risk
Trading and holding cryptocurrency has a high level of risk. Cryptocurrency is a volatile asset, and you can incur losses. Though generally less volatile, stablecoin categories of Cryptocurrency carry risk and may lose some or total market value. You should only trade cryptocurrency if you fully understand, and agree to, the risks.
This is not an exhaustive list of risks. We suggest you seek independent financial advice prior to trading Cryptocurrency.
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