Platform Risk Statement

Last updated on May 27th, 2025

This 1Bitcoin.ca Platform Risk Statement ("Risk Statement") is delivered in connection with the use of 1Bitcoin.ca's platform and is incorporated by reference into the Terms and Conditions accepted by clients when funding an account. Capitalized terms not defined here carry the meaning set forth in the Terms.

RISK DISCLOSURES

1. Business Continuity & Insolvency Risk

While 1Bitcoin.ca operates with financial discipline and maintains capital reserves, as with any private company, there is a risk of insolvency or business disruption. In the event of insolvency:

  • Unused voucher balances may be treated as unsecured claims against the company.

  • 1Bitcoin will make best efforts to reconcile outstanding voucher balances using its available liquid assets.

  • We do not pool client funds into an investment vehicle; all funds are held for execution of Bitcoin purchases only.

2. Voucher Function Limitations

The 1Bitcoin voucher is not a financial product, investment, or deposit. Key limitations include:

  • It cannot be withdrawn or redeemed as Canadian dollars.

  • It can only be used to purchase Bitcoin.

  • It carries no interest, yield, or returns.

  • It is non-transferable, non-refundable, and has no expiry.

3. Timing Risk

Although more than 99.9% of transactions are processed same day, clients should be aware that:

  • Redemptions are processed in operational batches (e.g., 8:00 AM and 10:00 PM EST).

  • Transactions may be delayed in rare cases due to enhanced due diligence (EDD), compliance reviews, or technical issues.

  • Any timing delays do not constitute custody; Bitcoin is delivered as soon as operationally and legally permitted.

4. Market Volatility

Bitcoin is a highly volatile digital asset. By using 1Bitcoin to purchase Bitcoin:

  • Clients acknowledge and accept the risk of rapid price fluctuation.

  • 1Bitcoin does not guarantee price performance or provide investment advice.

  • All Bitcoin purchases are final and non-reversible once processed.

5. Platform Access & Technology Risks

Access to the 1Bitcoin.ca platform may be interrupted due to maintenance, system upgrades, or outages. We are not liable for:

  • Downtime due to third-party providers, including banks and blockchain infrastructure.

  • Delays in redemption processing during such outages.

6. Regulatory Uncertainty

The legal and regulatory environment for digital assets is evolving. While 1Bitcoin seeks to operate in good faith under current frameworks:

  • Legislative changes or regulatory action may impact our service model or require operational adjustments.

  • Clients will be notified of any material changes impacting the redemption or use of vouchers.

Acknowledgement

By using 1Bitcoin.ca and funding a voucher balance, clients acknowledge they have read, understood, and accepted the risks outlined above.

© Copyright 2024 1Bitcoin Inc. All rights reserved.