Risk Disclosure

1. Purpose of this Statement

This Risk Disclosure Statement explains certain risks associated with your use of CycleOne's non-custodial wallet services. By using our services, you acknowledge that you have read and understood these risks. This statement supplements, but does not replace, our Terms of Service, Privacy Policy and other policies.

2. Nature of Our Services

CycleOne provides a non-custodial cryptocurrency wallet that allows you to store, send, receive, and manage digital assets across multiple blockchain networks. As a non-custodial service, you retain full control and ownership of your private keys and assets at all times. CycleOne does not hold, control, or have access to your funds. We also provide connectivity to licensed partners for IBAN and payment services, but do not directly provide banking services ourselves.

3. Cryptocurrency Risks

Cryptocurrencies and digital assets are subject to significant risks, including but not limited to:

• Price Volatility: Cryptocurrency prices can fluctuate dramatically in short periods. You may lose some or all of your investment.
• Liquidity Risk: Some digital assets may have limited liquidity, making it difficult to buy or sell at desired prices.
• Market Manipulation: Cryptocurrency markets may be subject to manipulation and fraudulent activities.
• No Deposit Insurance: Unlike bank deposits, cryptocurrency holdings are not insured by any government agency.

4. Self-Custody Risks

As a non-custodial wallet, CycleOne does not have access to your private keys or recovery phrase. This means:

• Lost Access: If you lose your recovery phrase (seed phrase), passkey, or authentication credentials, you will permanently lose access to your funds. CycleOne cannot recover your wallet or assets.
• Security Responsibility: You are solely responsible for securing your recovery phrase, passkeys, and device access.
• Irreversible Transactions: Blockchain transactions are irreversible. Sending assets to the wrong address results in permanent loss.
• Smart Contract Risks: Interacting with decentralized applications (dApps) and smart contracts carries risks of bugs, exploits, or loss of funds.

5. Technology and Security Risks

Electronic systems are subject to vulnerabilities and failures. Risks include:

• Cybersecurity Threats: Your device may be compromised by malware, phishing attacks, or unauthorized access.
• Network Risks: Blockchain networks may experience congestion, forks, or technical issues affecting transactions.
• Protocol Risks: Blockchain protocols may contain bugs or vulnerabilities that could result in loss of funds.
• Service Availability: CycleOne's services may be temporarily unavailable due to maintenance, technical issues, or external factors beyond our control.

6. Regulatory Risks

The regulatory landscape for cryptocurrencies and digital assets varies by jurisdiction and is rapidly evolving. Changes in laws, regulations, or government policies could adversely affect the use, transfer, exchange, or value of cryptocurrencies. Certain activities may become restricted or prohibited in your jurisdiction. You are responsible for understanding and complying with all applicable laws.

7. Third-Party Services

CycleOne may integrate with or provide access to third-party services including payment processors, IBAN providers, price feeds, and blockchain explorers. CycleOne does not control these third-party services and is not responsible for their availability, accuracy, security, or performance.Third-party services are subject to their own terms and conditions.

8. No Financial Advice

Nothing on the CycleOne website, mobile application, or in our communications should be construed as investment, financial, legal, or tax advice. We do not recommend any particular cryptocurrency, investment strategy, or course of action. You should consult qualified professionals before making any financial decisions. Past performance of any cryptocurrency does not guarantee future results.

9. Updates to this Statement

We may update this Risk Disclosure Statement from time to time to reflect changes in our services, applicable laws, or industry best practices. The most current version will be posted on our website with an updated effective date. We encourage you to review it regularly to remain informed of potential risks.