Risk Disclosure

Effective [시행일] · Draft (pending legal review)

This document is a draft for legal review. It has no legal effect until reviewed by counsel and finalized, and the bracketed items ([ ]) such as the legal entity name, governing law, contact, and retention period still need to be confirmed and filled in.

1. General Trading Risk

Trading crypto assets carries a high level of risk and is not suitable for everyone. Prices can move sharply and unpredictably, and you may lose some or all of the capital you commit. Coperral (the "Company") provides a fee-rebate service and informational tools only; it does not reduce, hedge, or insure the market risk of your trades. Nothing here is a recommendation to trade. You should only trade with funds you can afford to lose.

2. Leverage and Derivatives Risk

Leveraged products such as futures and margin trading magnify both gains and losses, and losses can exceed your initial deposit. Liquidations can occur rapidly during volatile conditions. The rebate amounts shown by the Company do not offset, and should never be treated as a reason to increase, the size or leverage of a position. The fee rebate is small relative to the risk of leveraged positions and must not drive your sizing decisions.

3. Stablecoin (USDT) Risk

Rebates are paid in USDT, a stablecoin issued by a third party. USDT is not legal tender and its value or redeemability may be affected by the issuer's circumstances, reserve quality, regulatory action, or market conditions, and it may de-peg from its reference value. The Company does not issue USDT and does not guarantee its peg, value, convertibility, or redemption. You bear the risk of holding and converting USDT.

4. Exchange, Counterparty, and Network Risk

Your funds and trades reside with the exchanges you use, not with the Company. Exchange insolvency, security incidents, withdrawal freezes, or policy changes can cause loss independent of the Company. Blockchain transactions are generally irreversible, and sending USDT to a wrong or incompatible address or network can result in permanent loss. The Company is not responsible for the operation, solvency, security, or conduct of any exchange or third-party network.

5. Regulatory and Rebate-Variability Risk

Crypto-asset regulation is evolving and differs by jurisdiction; changes may restrict or alter trading, the Service, or payouts, and may make the Service unavailable in your region. Rebate amounts are not guaranteed: they depend on the affiliate commission the exchange actually pays and on its settlement reports, and may be adjusted, delayed, or withheld if an exchange restates data, changes its program, or if AML screening flags a transaction. The displayed rates are based on exchanges' official policies as of the update date and may change.

6. Tax and Personal Responsibility

Reporting and paying any taxes arising from rebates and from your trading is solely your responsibility. The Company does not provide tax advice and does not withhold taxes on your behalf. You should consult a qualified professional regarding your tax obligations. Your trading and investment decisions, and all resulting outcomes including losses, are entirely your own responsibility; please research and assess each trade carefully before acting.

Coperral is an independent affiliate partner of the exchanges, not an exchange itself. Payback is a marketing cashback, not a deposit, interest, or investment service. Leveraged trading carries the risk of losing your principal.