Risk Disclosure

Important Bitcoin, operational, Activity Key, agent, power-sharing and collectibles risks.

Service

Effective date

18 August 2026

Primary jurisdiction

Federal Republic of Nigeria

Status

Publication draft - requires legal and regulatory review

IMPORTANT OPERATOR COMPLETION NOTE

Before publication, BTCMarts must insert the operator’s full legal name, CAC registration number, physical address, support email, privacy contact, complaints contact, and verified regulatory or licensing status. Nothing in this document should be read as claiming a licence or approval that has not been formally granted.

Quick-use summary

Read this document before using the relevant BTCMarts service.

Keep transaction confirmations and use only verified BTCMarts channels.

Contact BTCMarts promptly if information is wrong, a device or account is compromised, or you need to exercise a right.

Bracketed operator and contact fields must be completed before publication.

1. Purpose and acknowledgement

This disclosure highlights material risks; it does not describe every possible risk. Before using BTCMarts, consider your knowledge, financial position, ability to bear loss and need for professional advice. By confirming a transaction, buying a Key, registering as an agent or using power-sharing or collectibles services, you acknowledge the relevant risks without waiving rights that law protects.

2. Bitcoin and digital-asset risks

Price volatility: Bitcoin can move sharply between quote, payment, confirmation and settlement. You may receive materially less value than expected or lose substantial value.

Irreversibility: confirmed blockchain transfers generally cannot be cancelled. A wrong address, network or amount may result in permanent loss.

Custody and cyber risk: private-key loss, phishing, malware, SIM swap, compromised devices, social engineering, exchange failure and wallet defects can cause loss.

Network risk: congestion, forks, reorganisations, fee spikes, protocol bugs and confirmation delays may affect settlement.

Liquidity and counterparty risk: market depth, banking partners, payout providers or counterparties may become unavailable or fail.

Stablecoin and conversion risk: where used, stablecoins can lose their peg, be frozen, fail technically or face issuer/regulatory action.

Regulatory and tax risk: laws, licences, enforcement, banking access and tax treatment can change rapidly. A service may be suspended or discontinued.

No deposit insurance: digital assets and balances are not bank deposits and are not covered by deposit insurance unless expressly stated by an authorised scheme.

3. Transaction and operational risks

Quotes may expire or be corrected for obvious error. Verification or compliance review may delay an urgent transaction. Banks may reverse, hold or reject transfers. Service records can be temporarily unavailable due to maintenance, connectivity, power or third-party outages.

Never send assets based only on a chat message, screenshot or agent instruction. Use only the address and reference displayed through the verified BTCMarts transaction flow. BTCMarts personnel should never request your password, authenticator code, seed phrase or private key.

4. Activity Key risks

Keys are purchased as-is and are non-refundable except where mandatory law requires otherwise. There is no defined recurring benefit and no promise of income, users, commissions, dividends, appreciation, liquidity, transferability, voting rights, ownership or redemption.

Functionality, eligibility, benefits, rules and compatibility may change or end. A Key may have no resale market and may become unusable through regulatory change, account breach, technical obsolescence or permitted suspension. Purchase only for the access utility expressly stated at checkout, not for speculation.

5. Agent risks

Registration does not guarantee customer referrals, transaction volume, commission or recovery of fees. Commission depends on verified qualifying activity and may be reversed for fraud, refund, chargeback, duplicate attribution or rule breach. Agents bear business expenses and taxes and are not employees.

Agents face fraud, impersonation, cash-handling, privacy, security, regulatory and reputational risks. They must not custody customer assets outside approved procedures, promise returns, provide unapproved financial advice, or recruit using misleading claims.

6. Power-sharing risks

Portable batteries can overheat, ignite, leak, swell, shock, damage devices or cause injury if defective, misused, modified, exposed to heat/water, charged improperly or handled with incompatible equipment. Stop use immediately if abnormal heat, smell, noise, swelling, smoke or damage occurs and follow emergency guidance.

Availability, battery capacity, charge speed and condition vary. The service may be interrupted by shortages, outlet closure, grid failure, connectivity or partner performance. Loss or damage charges may apply under disclosed rules.

7. Collectibles risks

Collectible value is subjective and may fall to zero. Authenticity, provenance, condition, scarcity, storage, shipping damage, counterfeiting, intellectual-property disputes and illiquidity affect value. A collectible is not an investment or financial product unless explicitly and lawfully documented otherwise.

8. Scam and safety warnings

Do not disclose seed phrases, private keys, passwords or one-time codes. Independently verify URLs, wallet addresses, agent IDs, transaction references and support contacts. Be suspicious of urgency, guaranteed returns, recovery offers, remote-access requests and requests to pay outside BTCMarts.

For a suspected compromise, stop transacting, secure your email and phone, preserve evidence, contact [SECURITY EMAIL], and notify relevant financial institutions or authorities. Blockchain recovery may be impossible.

9. No advice and acceptance

BTCMarts provides transaction and network services, not personalised investment, legal or tax advice. Historical activity, Cudi ratings, market information, community statements and agent comments do not predict results. You remain responsible for independent decisions.

Confirmation statement: “I understand the relevant risks, can bear potential loss, have verified transaction details, and am not relying on a promise of recurring Key benefits, guaranteed commission or investment return.”

Regulatory references

These references are provided for transparency and do not convert this draft into legal advice.

Nigeria Data Protection Act 2023 - Nigeria Data Protection Commission: https://ndpc.gov.ng/resources/

Nigeria Data Protection Act General Application and Implementation Directive 2025: https://ndpc.gov.ng/wp-content/uploads/2025/07/NDP-ACT-GAID-2025-MARCH-20TH.pdf

SEC Nigeria Rules on Issuance, Offering Platforms and Custody of Digital Assets (2022): https://home.sec.gov.ng/our-mandate/regulation/rules-and-regulations/

SEC Nigeria digital-assets and crypto-assets information: https://sec.gov.ng/our-mandate/development/business-insights/sec-policies-on-cryptocurrency-and-crypto-assets/

Nigeria Sanctions Committee - applicable AML/CFT laws: https://nigsac.gov.ng/OtherLaws

Document control

Version 1.0 | Effective 18 August 2026 | Owner: [BTCMARTS LEGAL/COMPLIANCE ROLE] | Next review: 18 August 2027 or earlier upon material legal, product or operational change.