1. Gate Türkiye, as mentioned in this Risk Disclosure, refers to Gate Kripto VarlıkAlım Satım Platformu Anonim Şirketi, located at Maslak Mah. Büyükdere Caddesi Meydan Sokak Beybi Giz Plaza No:1/35 Sarıyer/Istanbul, registered with the Maslak Tax Office under the number 3891735307. "Platform" refers to websites, applications, and mobile interfaces belonging to Gate Türkiye, "hot wallets" refer to digital wallets connected to the internet, and "cold wallets" refer to offline wallets.
2. This Risk Disclosure has been prepared to inform Users about the risks associated with cryptocurrency transactions and trading conducted on the Platform managed by Gate Türkiye. It provides general information about the risks involved in cryptocurrency investments. However, it does not cover all possible risks or personal circumstances that might affect Users. Users must fully understand and evaluate all risks before engaging in cryptocurrency trading and make decisions considering their financial situations.
3. Cryptocurrency markets are inherently decentralized. Cryptocurrencies are digitally produced, traded, and transferred in digital environments. Cryptocurrencies exist on blockchain technology, where transactions occur within an end-to-end encrypted network with a decentralized structure.
4. Unlike national currencies issued by central banks, cryptocurrencies are not issued by any central bank. Cryptocurrencies are not issued by any state-authorized private or official institution/organization, like securities, nor do they have any physical existence, such as commodities. Unless otherwise stated, cryptocurrencies are not backed by any underlying asset. They are unique digital assets.
5. Users must research and fully understand the associated risks before engaging in cryptocurrency trading or any related activity. Users should have sufficient knowledge and financial resources to manage such risks. Users must carefully monitor and research the cryptocurrencies they own.
6. Cryptocurrency markets are highly volatile. While some cryptocurrencies have high trading volumes, others have very low liquidity, leading to frequent price fluctuations in less liquid cryptocurrencies.
7. Crypto assets carry their own unique risks, and while it is possible to make a profit from these transactions, there is also a risk of loss. The volatility of all cryptocurrency investment products is high. Due to this high volatility, cryptocurrencies are high-risk investment instruments. Market prices for cryptocurrencies can change unpredictably and rapidly, making them unsuitable for most ordinary investors. Crypto assets are more volatile compared to traditional financial instruments. Users engaging intrading on the Platform must understand the risk of potential losses alongside potential gains. Users are strongly advised to understand the associated risks and make cautious trading decisions based on their risk tolerance and management strategies. Gate Türkiye does not provide any recommendations regarding the value of digital assets listed on its Platform. Gate Türkiye is not responsible for any losses Users may incur due to transactions conducted on the Platform.
8. Any content in Gate Türkiye's promotions, announcements, or other published messages (collectively referred to as "promotional messages") is provided for reference purposes only and does not constitute advice on investment, finance, taxation, trading, or any other matter. Gate Türkiye provides no guarantees for promotional messages. Users bear all risks and responsibilities if they engage in promotional activities on the Platform, and professional advice is strongly recommended before participating in such activities. Gate Türkiye is not responsible for any damages arising from these activities.
9. The information provided in this document does not constitute professional advice on legal, investment, finance, tax, or other matters. Users are strongly encouraged to seek professional advice before conducting any transactions involving cryptocurrencies. Gate Türkiye is not liable for any direct or indirect damages, including but not limited to loss of profit or expectation, arising from the information in this document or cryptocurrency transactions. Users acknowledge being informed of the possibility of such losses.
10. Users are responsible for the security of their accounts and must securely protect the passwords and/or other information used to access their accounts. Users should not share their account credentials and must monitor their accounts to ensure secure access.
11. Gate Türkiye does not guarantee the execution of orders, such as "Limit Orders"or"Stop Orders," or that Users will buy or sell a cryptocurrency at a specific price. Thereis always a risk that an order may not be executed or limited as intended.
12. Cryptocurrencies subject to User instructions may be removed fromthe Platform’strading list or become unavailable for trading. In such cases, User instructions will becanceled immediately.
13. Gate Türkiye operates as a cryptocurrency trading platform and is not a counterparty to User transactions. Users independently determine cryptocurrency buy and sell prices based on mutual bids. It is not possible to provide any guarantee or commitment regarding the prices at which transactions will be executed. Gate Türkiye does not guarantee any price or profit for User transactions. Users acknowledge that Gate Türkiye is not a counterparty to their buy or sell transactions. Users are strongly advised not to send cryptocurrencies to untrusted or unfamiliar individuals, as transactions cannot be reversed once completed.
14. Transfers of crypto assets may be irreversible due to the inherent nature of the underlying technology. Cryptocurrency transfer instructions cannot be canceled or invalidated once executed. Users are fully responsible for verifying the accuracy of transactions before proceeding and bear all associated risks.
15. Cryptocurrency markets are priced based on supply-demand dynamics. Cryptocurrency values can change rapidly. Users must be aware of how sudden and adverse changes may impact their positions, assets, and other market activities.
16. Users acknowledge that exchange rate fluctuations may affect the value of cryptocurrencies traded in foreign currencies or based on foreign exchange pairs. Exchange rates may also be subject to restrictions or new taxes imposed by public authorities.
17. News, opinions, research, analyses, prices, and other information available on Gate Türkiye’s Platform or social media accounts do not constitute investment advice. Gate Türkiye is not responsible for any User transactions.
18. There is currently no regulatory framework for cryptocurrencies in Turkey. Users engaging in cryptocurrency trading are not protected by public authorities or regulatory institutions in the same way as financial activities recognized by law. Crypto assets are not subject to the investor compensation provisions set forth in Article 82 of the Capital Markets Law. Users are responsible for understanding the legal framework, taxation, and regulations concerning cryptocurrencies. Regulations issued by public authorities do not imply the acceptance or approval of crypto assets as secure financial instruments.
19. Users should anticipate potential system errors on Gate Türkiye’s Platform. While Gate Türkiye is committed to providing reliable service, technical issues or other factors beyond its control may cause system errors. Users acknowledge the possibility of delays or invalid instructions resulting from such errors.
20. Crypto assets are stored in digital environments and may be exposed to technological risks. Digital wallets may be vulnerable to cyberattacks depending on their technical structure and security. Cyberattacks on User wallets may lead to the loss or theft of assets. Gate Türkiye is not responsible for damages arising from User negligence or resulting cyberattacks.
21. Gate Türkiye may collaborate with third parties providing fiat and cryptocurrency services. Even if these third parties are licensed and recognized as reputable by an official authority, there is always a risk of monetary loss, failure, bankruptcy, or cessation of operations. Gate Türkiye does not offer any legal guarantee for potential losses incurred by Users depositing funds with such third parties or arising from services Gate Türkiye has procured. Gate Türkiye declares that it is not responsible for any damages caused by third parties.
22. Users performing cryptocurrency transfers must exercise care and attention during the transfer process. Due to the technical nature of cryptocurrency wallets and blockchain technology, transfers cannot be canceled or reversed. Gate Türkiye cannot intervene in transfer transactions. Therefore, Users are responsible for errors, such as sending cryptocurrency to an incorrect or incompatible wallet address.
23. If Gate Türkiye determines that a User is using or allowing the Platform to be used for unlawful purposes, or if it deems necessary to comply with legal obligations, protect its reputation, or enforce its rights, it reserves the right to take any administrative or security measures at its discretion. These measures may include legal actions, account freezing, temporary or permanent account deletion, or termination of the agreement. In appropriate cases, Gate Türkiye may cooperate with state and judicial authorities to freeze, seize, or transfer the digital assets in a User's account to a designated account. Additionally, Gate Türkiye reserves the right to indefinitely ban a User from reopening an account if found engaging in unlawful activities.
24. Gate Türkiye may, in accordance with the law, temporarily prevent the deposit, transfer, or withdrawal of fiat or cryptocurrencies in accounts suspected of unlawful transactions. Users under such restrictions cannot make transfers or conduct transactions. Users are advised to refrain from engaging in illegal activities to avoid such measures. Gate Türkiye may share User information with and cooperate with competent authorities upon request.
25. Gate Türkiye carefully reviews listed cryptocurrencies; however, cryptocurrencies are not subject to regulatory oversight. Although Gate Türkiye endeavors to conduct thorough examinations of cryptocurrencies, their auditability is limited. Users engaging in cryptocurrency transactions must anticipate this risk, review the cryptocurrency’s “Whitepaper,” and proceed at their own discretion.
26. Gate Türkiye operates as a cryptocurrency trading platform. It does not permit activities such as airdrops, forks, staking, or reward programs involving the distribution or locking of funds. Other activities and transactions, such as voting rights associated with the network on which a cryptocurrency operates, are also not supported on Gate Türkiye’s Platform. Users acknowledge and agree to these terms.
27. The risk of cryptocurrencies losing value, or being restricted, banned, or blocked by a regulatory, administrative, or public authority, is always present.
28. Gate Türkiye does not guarantee uninterrupted and continuous accessibility to its cryptocurrency trading Platform.
29. Gate Türkiye does not constantly monitor User accounts and is not obligated to do so. The security and safekeeping of account credentials, including usernames and passwords, are the responsibility of Users.
30. Transactions with cryptocurrencies are conducted on specific networks within blockchain technology. Risks such as the cessation of network operations, withdrawal of support by network validators, or the departure of the cryptocurrency’s development team are always present. Negative campaigns may also arise against the cryptocurrency traded by the User, posing risks to its value. These risks are always applicable.
31. Gate Türkiye does not guarantee compatibility with the technical system or hardware used by the User to access the Platform. Compatible technical infrastructure, systems, and connections are necessary for seamless operation. Ensuring compatibility with the Platform’s requirements is the responsibility of the User.
32. Users acknowledge and accept the risks associated with hardware, software, systemic, and internet connection errors arising from their actions, as well as risks related to third parties accessing stored information or digital assets on their behalf. These include, but are not limited to, blockchain network errors, cyberattacks, malware, and all other forms of malicious software.
33. Users are solely responsible for all tax obligations arising from cryptocurrency trading or changes in cryptocurrency values.
34. Users are also responsible for the payment of all accrued taxes, including reporting, withholding, and collection taxes, resulting from cryptocurrency trading or fluctuations in value.
35. Gate Türkiye does not guarantee the perpetual listing of any cryptocurrency on its Platform. Due to the nature of cryptocurrencies and blockchain technology, such guarantees are impossible. Gate Türkiye reserves the right to add or remove cryptocurrencies from the trading list or implement measures such as price floors/ceilings, mandatory limit orders, or order closures at its discretion.
36. Fees and commissions payable for the services provided by Gate Türkiye are detailed on the Platform. Users must review and agree to all applicable fees, commissions, and expenses before commencing transactions. Fees or commissions paid for transfer transactions cannot be refunded due to the irreversible nature of blockchain technology.
37. By accessing the Platform or using its services, Users confirm that they have read, understood, and accepted all risks outlined in this Risk Disclosure.
38. This Risk Disclosure should be read in conjunction with the Gate Türkiye User Agreement. The risks mentioned herein (such as liquidity risks, legal risks, market risks, wallet risks, and technological/IT risks) may not encompass all possible risks. Users agree to seek professional advice if uncertain.
39. This Risk Disclosure is an annex and integral part of the Gate Türkiye User Agreement. By registering, Users are deemed to have been provided with this document and to have read and understood it upon confirming the User Agreement.
Customer Declaration
I hereby declare that I have read and understood all of the above matters; that I have signed this “General Risk Disclosure Form” of my own free will, reserving my right to claim and litigate any losses that may arise due to the Platform’s fault or negligence during the implementation of these principles; and that I have subsequently signed the Agreement and received a copy of this form.