Risk Disclosure

We/Us/Our means: www.cpbanq.io, owned and operated by Global Performance Group LLC.

Global Performance Group LLC – CP BANQ warnings about the risks associated with participating in cryptocurrency trading.

Trading of goods, real or virtual, which include virtual currencies (with both Bitcoin and Litecoin among them), involves a significant level of risk.

Prices of goods, regardless of their nature or substance have no permanent nature and are subject to constant change. Price fluctuations directly affect the value of assets held by an individual over time. Any good – virtual or not – can both gain value or become worthless over time. The same principles apply to virtual currencies – the so-called cryptocurrencies.

However, cryptocurrency trading carries yet another risk which in principle does not occur in the case of trading official currencies and goods. Unlike most currencies the value of which is somewhat moderated by the government or other legal entities, or exists in raw materials, cryptocurrencies value is based on the development of technology and trust in the market and its participants. Cryptocurrencies have neither a centralized issuer nor an institution in control of its turnover. The value of cryptocurrency units are determined solely by the free-market mechanisms of supply and demand in exchange services. Cryptocurrency does not constitute an autonomous service and does not satisfy any needs by itself. Its only function is the role of a means of payment or a medium of money value exchange which the holder may either exchange for a product or service in a store that accepts cryptocurrency payments; “transfer” electronically to any other person; store and exchange in the future, thus generating profit (or loss) resulting from the exchange rate differences. Due to the fundamentals of the cryptocurrency trading system’s functioning, it is vulnerable to fluctuations in the level of confidence of market participants which directly affects the level of demand or supply. The level of confidence can be affected both by purely economic factors and non-economic including technological ones.

Given the above please carefully decide whether the existing degree of risk involved in the cryptocurrency trading is acceptable for you. At the same time for the avoidance of doubt you are hereby notified that our platform’s use of the banking system is limited solely to the purpose of making deposits and withdrawals of funds necessary for the purchase or sale of cryptocurrency through our Website. Cryptocurrencies themselves are not subject to trade on the banking market.

SAFETY: CP BANQ operates under the rules of financial, operational and legal safety, as well as AML and KYC regulations. All transactions are processed via encrypted HTTPS connections with the use of safe TLS protocols and encryption algorithms

CP BANQ is a Fintech company and provider of Crypto/Fiat Store Accounts and Crypto Visa Card.
CP BANQ.io is a site operated by Global Performance Group OOD (LLC), the company is officially registered (Reg. No: BB – 137 /05.01.2023) in Sofia – Republic of Bulgaria as an EU provider of activities of a virtual currency exchange operator and a deposit virtual currency operator. The information provided on this website is general in nature and does not represent tax, financial or legal advice in any country. By using our website you agree to the use of cookies in accordance with our privacy & cookies policy.
Legal Disclaimer:
Investments in cryptocurrencies are connected with the possibility of a loss for the Users, even with a small change in the price of the underlying instrument in the form of cryptocurrency. It is not possible to make a profit on cryptocurrencies without exposing yourself to the risk of incurring a loss. When making investment decisions, the User should be guided by his own judgment. More information is available in the Declaration of Investment Risk. Declaration of Investment Risk.
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