Crypto assets are highly risky. You could lose some or all of the money you put in. Only use money you can afford to lose, and make sure you understand the risks below before you use the Services. This page does not list every risk, and nothing on our website is investment, financial, legal or tax advice.
1. Prices can move sharply
Crypto prices can rise or fall by large amounts within minutes. A token can lose all of its value. Past performance does not tell you what will happen in the future. The rates shown on our site are indicative until you confirm a quote.
2. Regulation is limited and can change
Crypto assets are not legal tender in India and are not regulated by the Reserve Bank of India or the Securities and Exchange Board of India. They are not covered by deposit insurance or investor protection schemes. Laws and taxes on crypto can change at any time and may affect the value of your assets or your ability to use them.
3. Tax
In India, gains from transferring virtual digital assets are taxed at 30% plus applicable surcharge and cess, losses cannot be set off against other income, and 1% tax may be deducted at source on transfers. Tax rules differ by country. Please speak to a tax adviser about your situation.
4. Transactions cannot be reversed
Blockchain transfers are final. If you send crypto to a wrong address, on the wrong network or to a scammer, it usually cannot be recovered by you, by us or by anyone else.
5. You are responsible for your keys
RabitX is non-custodial, so your crypto is held in a wallet you control. If you lose your private keys or seed phrase, or someone else gets them, you can lose your crypto permanently. A hardware wallet and a metal seed phrase backup reduce these risks but do not remove them. Never share your seed phrase with anyone.
6. Technology and network risks
Blockchains, tokens and smart contracts can have bugs, be attacked or stop working. Networks can become congested, making transfers slow or expensive. Stablecoins can lose their peg. A token's issuer or network can fail, fork or change its rules.
7. Liquidity
Some tokens are traded in small volumes, so you may not be able to sell them quickly or at the price you expect. In extreme market conditions, we may be unable to quote some tokens or payment methods.
8. Scams and fraud
Criminals impersonate exchanges, support staff and celebrities to steal crypto. RabitX staff will never ask for your seed phrase, private keys or passwords, and will never ask you to send crypto to "verify" your wallet. If you are unsure whether a message is from us, email rabitxtech@gmail.com.
9. Your decision
By using the Services you confirm that you understand these risks, that you are making your own decisions, and that we are not responsible for losses caused by market movements or by the risks described here.