Risk Statement Form

RISK STATEMENT FORM

In addition to the issues referred to in the Framework Agreement you have executed with Bilira Kripto Varlık Alım Satım Platformu A.Ş. (“Company” or “BiLira”), it is imperative that you read, understand and evaluate the below defined risks. This Risk Disclosure Form was prepared for providing you with information on the general risks related to crypto assets. We hereby provide the following information regarding your transactions on our platform primarily including but not limited to the services referred to in the Framework Agreement.

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1. General Risks Regarding Crypto Assets
   
   1. Crypto Assets contain higher risks in comparison to   conventional financial instruments and their prices can be very volatile.
   2. The arrangements made by the government cannot be interpreted as acceptance or approval of these assets as secure financial instruments.
   3. The transfers related to crypto assets can be irrevocable due to the nature of the technology employed.
   4. Crypto Assets do have intrinsic risks. After any transaction, BiLira customers may either profit or lose or may even face a total loss of their assets.
   5. No warranty or undertaking can be made as to the transaction prices of the crypto assets.
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2. Technological Risks
   
   1. As Crypto Assets are stored in a digital environment, they might be subject to risks including but not limited to computer viruses, communication flaws, cyber-attacks, restriction of market access, electronic or technological failures.
   2. BiLira cannot be deemed responsible for any communication failures, disconnections, flaws, glitches or delays that could be faced while using the services offered by BiLira.
   3. Crypto Asset transfers are of irrevocable nature. Because of that, returning of the transfers made to incorrect addresses cannot be guaranteed by BiLira.
   4. While BiLira targets to provide its services uninterruptedly, situations requiring interventions such as server status, internet connection problems or other systemic failures can be faced, causing transaction delays.
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3. Price and Liquidity Risk related to Crypto Assets
   
   1. Prices of Crypto assets may vary abruptly and unexpectedly due to market dynamics, supply-demand equilibrium, sudden fluctuations or external factors.
      Accordingly, no representation or warranty could be made in relation with the prices applicable to Crypto Asset transactions or their liquidity levels.
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4. Regulations and Legal Risks
   
   1. Crypto Assets are not subject to customer compensation provisions referred to in the Capital Markets Law 6362, Article 82.
   2. BiLira reserves the right to stop, freeze or prevent transactions in line with the resolutions made by Capital Market Board (“SPK”), Financial Crimes Investigation Board (“MASAK”), judicial decisions or third-party claims. The Client may suffer various losses after such a procedure. BiLira however will assume no obligation for such matters.
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5. Commission Fees
   
   1. The commissions and fees applied by BiLira are explained in detail on the platform.
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6. Crypto Asset Listing and Delisting
   
   1. BiLira cannot give any guarantee as to uninterrupted transacting of Crypto Assets listed on the platform.
   2. Subject to the provisions referred to in the Listing Procedure and Delisting Procedure, BiLira reserves the right to delist or stop transacting of any Crypto Asset.
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You may either profit after your transactions in the Crypto Asset markets or may face losses or, as defined in detail above, you may even lose your entire assets.

Because of that, prior to deciding on a transaction, you must understand the risks that you may face in crypto asset markets, and make your decisions based on your financial income level and restrictions.

For this purpose, please read, understand and accept the general terms and conditions of the “Crypto Asset Transactions General Risk Disclosure Form” as stated in Article 21 of the Communique No. III-35/B.1  “Communique on the Establishment and Operating Principles of Crypto Asset Service Providers.”

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“I/we hereby represent and warrant that I/we have read and understood the Risk Disclosure Form and accept entire risks on the crypto asset purchase, sales and transfers.”

(This Risk Disclosure Form is an annex and integral part of the Framework Agreement entered by and between you and BiLira).