Know your Risks

Disclaimer

It is important that anybody who uses Unlimited Leverage understands the various risks associated. By using Unlimited Leverage, you acknowledge and accept the risks involved. Unlimited Leverage will not take any responsibility for funds lost by users of the platform.

Trading Risks

Cryptocurrency trading, like all trading, is not without risk, and you should be aware of these before you take any trading actions.

The primary risk you face is due to rapid price changes in the cryptocurrency markets. While these can be beneficial, particularly when using leverage, they can put you at risk of forced liquidation, should price movement rapidly occur against the direction of your investment strategy.

Liquidation occurs when the price of the asset hits the "Liquidation Price" set when you place your trade. In effect, your initial collateral can be lost. Methods to prevent liquidation during unfavourable market movements are discussed in Creating a Trade.

Wallet Security

Wallet Security is paramount in the Web3 space, given that the wallet holder is the sole custodian of the assets held in the wallet. Therefore, it is critical that users are careful when navigating the space and are vigilant when interacting with foreign smart contracts or signing transactions, as careless activity can result in funds being exploited.

Remember, when using Unlimited Leverage, you are fully responsible for your assets and funds, and you remain in control of them at all times.

Smart Contract Risks

Although the Unlimited Leverage smart contracts have been audited, risks of possible exploits always remain.