Phoenix World Electronics Trading LLC ("We," "Us," or "Our") provides its cloud mining service (the "Service") as it stands and with the understanding that you ("Customer," "You," or "Your") acknowledge and accept the potential financial risks associated with using the service.
Financial Risk: The world of cryptocurrency mining and trading comes with inherent financial risks due to market fluctuations. Please be aware that we cannot guarantee the profitability of your mining activities, and we shall not be held liable for any financial losses resulting from the use of our service.
Regulatory Risk: Cryptocurrency regulations may vary across different jurisdictions and can change unexpectedly. If such changes in regulations impact the profitability or legality of cryptocurrency mining, we cannot be held responsible.
Cryptocurrency Wallet Risks: It is your sole responsibility to manage and maintain your cryptocurrency wallet's security. Losses resulting from a compromised, incorrect, or inaccessible wallet due to lost login details, forgotten passwords, or hacking attempts are not our responsibility. We encourage the use of robust security practices for your wallet.
Responsibility For Account Information: Maintaining the confidentiality of your account details is crucial. We are not liable for any loss you may experience due to unauthorized use of your account. Moreover, you could be held accountable for losses incurred by us or another party due to someone else using your account.
Force Majeure: We cannot be held accountable for any delay or inability to fulfill our obligations due to circumstances beyond our control. This includes natural disasters, wars, acts of civil or military authorities, accidents, or strikes.
Market Risk: The cryptocurrency market can experience price fluctuations. We do not control these market conditions and will not be held responsible for any losses due to these fluctuations or changes in market conditions.
Third-Party Risk: Our service may rely on or use third-party technologies or services. Changes or interruptions in these third-party services may affect our service's availability or functionality. We cannot be held accountable for any loss caused by the unavailability or failure of such third-party services.
By using our service, you acknowledge these risks and agree not to hold us liable for any losses you may encounter. Cryptocurrency investments carry risk, and you should only invest funds that you are prepared to lose entirely. We advise seeking counsel from an independent financial advisor before making any investment or decisions based on information from our service or any other source.
Continued use of our service means you accept this financial risk and loss disclaimer and agree to its terms.