1. All terms used in this notice, which are defined in the Arctic Mining Terms of Use (the “Terms of Use”), have the same meaning and construction as in the Terms of Use..
This notice provides you with information about the risks associated with Arctic Mining Services. Each Arctic Mining Service has its own distinct risks. This notice provides a general description of the risks when you use Arctic Mining Services.
This notice does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use Arctic Mining Services.
No Personal Advice
2. We do not provide personal advice in relation to our products or services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use our products or services is made by you. No communication or information provided to you by Arctic Mining is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.
3. No Monitoring
Arctic Mining is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using Arctic Mining Services. We do not monitor whether your use of Arctic Mining Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate for your financial activity with us, and to your risk appetite in the products and services you use.
4. No Tax, Regulatory or Legal Advice
The taxation of Digital Assets is uncertain, and you are responsible for determining what taxes you might be liable to, and how they apply, when transacting through the Arctic Mining Services. It is your responsibility to report and pay any taxes that may arise from transacting on the Arctic Mining Services, and you acknowledge that Arctic Mining does not provide legal or tax advice relative to these transactions. If you have any doubts about your tax status or obligations when using Arctic Mining Services, or with respect to the Digital Assets held to the credit of your Arctic Mining account, you may wish to seek independent advice.
You acknowledge that, when, where and as required by applicable legislation,Arctic Mining shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities. Similarly, when, where and as required by applicable law,Arctic Mining shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable legislation could also prompt Arctic Mining to request you for additional tax information, status, certificates or documentation. You acknowledge that failure to answer these requests within the timeframe defined, may result in withholding taxes by Arctic Mining , to be remitted to tax authorities as defined by relevant law. You are encouraged to seek professional and personal tax advice regarding the above and before making any digital asset transaction.
5. Fees & Charges
Our fees and charges are set out here.Arctic Mining may, in its discretion, update the fees & charges from time to time. Please be aware of all costs and charges that apply to you, because such costs and charges will affect the gains you generate from using Arctic Mining Service
7. Security Risk
It is not possible for Arctic Mining to eliminate all security risks. You are responsible for keeping your Arctic Mining Account password safe, and you may be responsible for all the transactions under your Arctic Mining Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.
8. Communication Risks
When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.