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Effective Date: 10 September 2026
This Digital Asset Risk Warning (the “Risk Warning”) describes important risks associated with buying, selling, holding, receiving, sending, swapping or otherwise using cryptocurrencies, stablecoins and other digital assets through PayitFast digital asset services. It should be read carefully before you use any digital asset service.
This Risk Warning applies in addition to the PayitFast Master Terms, the PayitFast Retail Fee Schedule, any applicable product-specific terms, third-party provider terms and transaction-specific disclosures. Capitalised terms not defined here have the meaning given in the PayitFast Master Terms.
Digital assets and cryptocurrencies are inherently volatile and involve significant risk. Their value may rise or fall substantially over short periods and you may lose some or all of the value of your holdings. Past performance is not indicative of future performance.
Digital asset services may not be suitable for everyone. You should consider your knowledge, experience, financial circumstances, objectives and risk tolerance before transacting. You should not use money that you cannot afford to lose.
PayitFast does not guarantee the value, performance, liquidity, availability, stability, transferability or suitability of any digital asset. PayitFast does not provide investment, financial, trading, legal, accounting or tax advice. Information made available through PayitFast is general information only and is not a recommendation or guarantee.
Digital asset prices may be highly volatile and may change rapidly and unpredictably. Market value may be affected by supply and demand, market sentiment, trading activity, liquidity, technology, cybersecurity incidents, regulatory developments, economic conditions, public statements, protocol changes, issuer actions and events affecting service providers or market participants.
A digital asset may lose substantial value or become worthless. There may be no compensation, recovery process or counterparty required to repurchase the asset. You are solely responsible for deciding whether and when to transact and for losses arising from market movements, except to the extent required by applicable law.
A stablecoin is intended to maintain a value by reference to a currency, asset or other benchmark, but its value is not guaranteed. A stablecoin may lose its intended peg temporarily or permanently.
Stablecoin risks may include:
Holding or receiving cashback or another benefit in USDC or any other stablecoin exposes you to these risks. PayitFast does not guarantee that a stablecoin will remain equal to its intended reference value or remain redeemable, transferable, supported or available.
There may be insufficient market liquidity to buy, sell, swap or transfer a digital asset at the expected price or at all. Quoted prices may change before execution, and the final execution price may differ materially from an indicative price.
During volatile or illiquid conditions, spreads may widen, transactions may be delayed or rejected, and supported trading pairs, assets, networks or transaction sizes may be restricted. A market, liquidity provider or partner may suspend or discontinue activity without notice.
Any displayed price, conversion rate, spread, network fee, estimated amount receivable or completion time is indicative until the transaction is confirmed and executed. It may expire or change because of market movement, liquidity, network conditions, third-party charges, processing delays or other factors.
The amount received may be lower than expected because of price movement, spread, slippage, network fees, wallet fees, banking charges, intermediary charges or other third-party costs. Transactions may be executed in multiple steps or through third-party providers, which may create additional pricing and execution risk.
Digital asset transfers may be irreversible. Once submitted to a blockchain network, a transaction may not be capable of cancellation, amendment, recall or recovery.
You are solely responsible for verifying before submission:
Sending an asset to an incorrect, incompatible or unsupported address or network may result in permanent loss. PayitFast may be unable to identify, access or recover mistakenly transferred assets and is not responsible for loss caused by incorrect instructions, unsupported networks or incompatible addresses, except to the extent required by applicable law.
Blockchain networks operate independently of PayitFast. Their performance may be affected by congestion, validator or miner activity, outages, denial-of-service attacks, governance decisions, software errors, protocol changes, forks, reorganisations, consensus failures and other technical events.
Transactions may be delayed, fail, remain pending, be rejected or require additional network fees. Confirmation times are estimates only. A transaction shown as pending may not complete and a transaction considered complete may be affected by a network reorganisation or other protocol event.
PayitFast does not control blockchain networks and is not responsible for their operation, security, availability, fees or performance, except to the extent required by applicable law.
Blockchain network fees may vary significantly and without notice. They are generally determined by network conditions and are not controlled by PayitFast. A fee may increase between initiation and submission and may be payable even if a transaction is delayed or fails.
Wallet providers, custodians, liquidity providers, exchanges, payment providers, banks, card schemes, intermediary banks and other third parties may impose additional fees, spreads, limits or deductions. Unless expressly stated otherwise, those amounts are outside PayitFast's control.
A blockchain may undergo a fork, upgrade, migration, token swap, redenomination, governance change or other protocol event. PayitFast or its service providers may determine whether, when and how to support the resulting network or asset, subject to applicable law, technical capability, security, liquidity, partner and operational considerations.
PayitFast does not guarantee support for any forked asset, airdrop, staking reward, governance right or other distribution. You may not receive or be able to access an asset or benefit arising from a protocol event, even if holders outside PayitFast receive it.
Digital assets may rely on smart contracts, software, protocols, bridges, oracles, applications and other technology that may contain errors, vulnerabilities, malicious code or design defects. These may lead to loss, theft, unexpected supply changes, transaction failure, unauthorised access or loss of functionality.
Token documentation, code, audits, issuer statements and technical information may be incomplete, inaccurate or misleading. An audit or review does not guarantee security or performance. PayitFast does not guarantee the security, functionality or continued operation of any token, smart contract or protocol.
Digital asset custody, wallet, settlement, transfer and conversion infrastructure may be provided by PayitFast group entities or third-party service providers. Assets may be held in omnibus wallets, segregated wallets or other arrangements depending on the service, provider and jurisdiction.
Risks may include insolvency, cyberattack, operational failure, loss or compromise of keys, unauthorised access, service suspension, legal process, asset freezing, record-keeping errors and limitations on recovery. The legal treatment and protection of digital assets held through a service provider may be uncertain and may differ by jurisdiction.
Unless expressly stated otherwise, digital assets are not bank deposits and may not be protected by deposit insurance, investor compensation or another compensation scheme.
Digital assets and accounts may be targeted by phishing, malware, social engineering, SIM swapping, credential theft, account takeover, fraudulent applications, impersonation and other cyber threats.
You must protect your devices, passwords, passcodes, PINs, private keys, recovery information and security credentials. You must verify communications and must not disclose credentials or authorise remote access at the request of an unknown person. PayitFast will not be responsible for loss arising from your failure to protect credentials or from authorised instructions submitted through your account, except to the extent required by applicable law.
You must notify PayitFast promptly if you know or suspect that your account, device or credentials have been compromised or that a transaction is unauthorised.
PayitFast may rely on custodians, wallet providers, exchanges, brokers, liquidity providers, market makers, payment providers, banks, blockchain infrastructure providers and other third parties. Their systems, decisions, financial condition, compliance requirements and performance are outside PayitFast's control.
A third party may delay, reject, reverse, restrict or suspend a transaction or service, become insolvent, suffer a cyber or operational incident, lose regulatory approval or discontinue support. These events may delay or prevent access to assets or funds and may cause loss.
The legal and regulatory treatment of digital assets is evolving and may change rapidly. A law, regulation, court decision, regulatory direction, sanctions measure, licensing requirement, tax rule or enforcement action may affect the availability, transferability, value, custody, trading or use of a digital asset or service.
Digital asset services, assets and networks may not be available in all jurisdictions or to all customers. PayitFast may add, remove, suspend, restrict, freeze or discontinue a digital asset, network, transaction type or service where reasonably required for legal, regulatory, licensing, sanctions, anti-money laundering, fraud prevention, security, technical, liquidity, partner, risk management or operational reasons.
PayitFast may be required to delay, block, reject, report, freeze or restrict a transaction or account and may be prohibited from explaining the reason.
Digital asset transactions are subject to sanctions, anti-money laundering, counter-terrorist financing, fraud, source-of-funds, source-of-wealth and other compliance controls. PayitFast or its service providers may request information or documents before or after a transaction.
Transactions may be delayed, blocked, rejected, reversed where possible, placed on hold or reported to authorities. Assets associated with sanctioned persons, prohibited jurisdictions, fraud, theft, hacks, scams or other illicit activity may be restricted or frozen. Completion of previous transactions does not guarantee that a later transaction will be permitted.
Some digital assets are issued, administered or promoted by a foundation, company, protocol team or other identifiable person. Information provided by an issuer or promoter may be incomplete, inaccurate, unaudited, misleading or subject to change. An issuer may fail, abandon a project, change governance, alter token supply or utility, or become subject to insolvency, litigation or regulatory action.
PayitFast does not endorse or guarantee any issuer, asset, project, white paper, reserve report, audit, statement, use case or expected return merely by supporting an asset or making it available through a service.
Buying, selling, swapping, receiving, transferring, holding or using digital assets may have tax consequences, including reporting, capital gains, income, value-added, goods and services, withholding or other tax obligations. The treatment may differ by transaction and jurisdiction and may change.
You are solely responsible for obtaining independent tax advice, keeping records, making filings and paying all applicable taxes, duties, levies and charges. PayitFast does not provide tax advice and may deduct, withhold or report amounts where required by applicable law.
PayitFast does not guarantee that a digital asset service, asset, network, wallet, payment method, feature or transaction type will remain available, uninterrupted, secure or error-free. Maintenance, outages, market conditions, partner requirements, compliance reviews, network events and technical issues may affect access or execution.
Supported assets and networks may be added, removed, suspended or restricted at any time. Before initiating a transaction, you must check the assets, networks, fees, limits and service availability shown in the PayitFast platform.
PayitFast does not assess whether a digital asset or transaction is suitable or appropriate for you and does not act as your adviser, broker, fiduciary, trustee or portfolio manager. Availability of an asset or service does not constitute endorsement, recommendation, solicitation or advice.
You are responsible for conducting your own assessment and obtaining independent professional advice where appropriate. You should not rely solely on information provided through PayitFast when making a decision.
This Risk Warning forms part of the contractual framework governing PayitFast digital asset services and must be read together with the PayitFast Master Terms, the PayitFast Retail Fee Schedule, applicable product-specific terms, third-party provider terms and transaction-specific disclosures.
If there is an inconsistency, any mandatory applicable law will prevail. Subject to that, transaction-specific terms will apply to the relevant transaction, product-specific terms will apply to the relevant product, and the PayitFast Master Terms will apply generally.
PayitFast may amend this Risk Warning from time to time to reflect changes in law, regulation, products, assets, networks, technology, providers, market conditions, risk or operational requirements. Notice will be provided where required by applicable law. You should review the current version before using digital asset services.
By accessing or using any PayitFast digital asset service, you acknowledge that:
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