Last Updated: 10.10.2025
1. General
1.1 This Risk Warning provides a high-level summary of the principal risks associated with the use of crypto-assets and the services provided by Odin Pay s.r.o. (“we”, “us”, or the “Company”) which is intended to comply with Article 66 of Regulation (EU) 2023/1114 on markets in crypto-assets (the “MiCA”) and related EU consumer protection legislation. It does not cover every possible risk and should not be considered a substitute for legal, tax, or investment advice. You should not use our Services unless you fully understand the associated risks and have the financial capacity to bear them.
2. No Guaranteed Value
2.1 Crypto-assets are not legal tender and are not backed by any government, central bank, or tangible asset. Their market value is highly volatile and may decrease significantly or become worthless. You may lose the entire value of your holdings.
3. No Investor Compensation
3.1 Crypto-assets and our Services are not covered by any deposit guarantee or investor compensation scheme in the European Union, including those under:
3.1.1 Directive 97/9/EC (Investor Compensation Schemes);
3.1.2 Directive 2014/49/EU (Deposit Guarantee Schemes).
3.2 In the event of insolvency or technical failure, you may not be entitled to any compensation.
4. Volatility And Market Risk
4.1 The value of crypto-assets may be affected by market speculation, liquidity constraints, regulatory announcements, cyberattacks, or blockchain-level disruptions. Even stablecoins may experience de-pegging or collapse. You must be prepared for rapid and unpredictable losses.
5. Regulatory Risk
5.1 Crypto-asset regulation is evolving. Changes in law, enforcement action, or regulatory interpretation may:
5.1.1 restrict the use of certain crypto-assets;
5.1.2 require the Company to modify or cease parts of its Services;
5.1.3 impact your ability to withdraw or exchange crypto-assets.
6. Technological Risks
6.1 Crypto-assets depend on decentralised networks, cryptographic systems, and internet infrastructure. These may suffer from:
6.1.1 software bugs, protocol forks, or transaction reversals;
6.1.2 cyberattacks, malware, or loss of access credentials;
6.1.3 blockchain congestion or network downtime.
6.2 The Company does not guarantee the ongoing functionality or security of any external blockchain network.
7. Operational Risks
7.1 You may experience delays, interruptions, or errors due to:
7.1.1 maintenance or upgrades to the Platform;
7.1.2 outages at service providers (e.g. custodians, payment processors);
7.1.3 device malfunction or internet instability on your side.
7.2 The Company implements robust security and continuity measures (overseen by the CISO and Risk Manager) but cannot prevent all operational disruptions.
8. Legal And Tax Risks
8.1 You are solely responsible for determining and complying with your tax obligations related to crypto-assets. The Company does not provide tax advice.
8.2 You must also ensure that your use of the Services is lawful in your jurisdiction. The Company reserves the right to restrict access where legally required.
9. No Advice Or Fiduciary Relationship
9.1 We do not provide investment, legal, or financial advice. Your use of our Services does not create any fiduciary duty or advisory relationship between you and the Company.
10. Principal Model And No Order Execution
10.1 All exchanges and conversions are conducted on a principal basis. The Company does not act as your broker or intermediary, and we do not execute orders on third-party trading platforms or venues.
11. Use At Your Own Risk
11.1 By using our Services, you confirm that:
11.1.1 you understand and accept the risks described above;
11.1.2 you have independently assessed the suitability of our Services for your needs;
11.1.3 you have the necessary technical knowledge and financial capacity to bear potential losses.
11.2 If you are in doubt about any aspect of this Risk Warning, please seek advice from an independent professional advisor.