Staking Risk Acknowledgement

Prior to staking your crypto assets, you acknowledge that:

  • you agree to be subject to an addendum to the terms and conditions of use of Bitbuy’s platform;
  • (i) staked ADA will generally begin to start earning rewards after the 5-epoch bonding period; (ii) staked ADA may be withdrawn at any time. An epoch is approximately 5 days;
  • given the volatility of crypto assets, the value of your staked ADA when you sell or withdraw it, and the value of any rewards you earn through staking, may be  significantly less than their
    current value;
  • (i) Bitbuy’s custodian, BitGo, will be entitled to a fee in respect of rewards earned on your staked ADA and may pay a portion of that fee to any third-party service provider it selects to act as
    validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Bitbuy’s custodial wallets with BitGo; (iii) Bitbuy will be entitled to a fee of 30% in respect of
    the Net Rewards (the “Bitbuy Service Fee”); and (iv) after the Bitbuy Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any
    unbonding, you will be able to hold, sell or withdraw your rewards;
  • there is no guarantee that you will receive any rewards on staked ADA;
  • past rewards are not indicative of expected future rewards;
  • the rewards you are entitled to may be changed at the discretion of Bitbuy;
  • you  may  not   receive   rewards  for  your  staked  ADA  if  the staking pool does  not perform as required by the network; and
  • additional risks can be found in the Risk Statement.