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Bybit Platform Terms and Conditions

Last updated on 2025-06-24 00:59:19
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Effective Date: Oct 23, 2025

 

Asset Category Risk Overview

Before investing, you should ensure you understand the specific risks involved. Please read our asset risk summaries to get a better understanding of the key risks for some of the main categories of crypto-assets

 

 

Specific Risks Associated with Stablecoins

Bitget may from time to time support stablecoins (e.g. USDC, USDT, TUSD) term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks. In particular, there is a risk that any particular stablecoin may not hold their value as against any fiat currency; or may not hold their value as against any other asset.

 

Stablecoin Token List: TUSD, USDC, USDT, VAI, PAXG

 

Stablecoins carry the following risks:

  • Depegging Risks: Stablecoins are not immune to fluctuations in price, market capitalization and liquidity. A range of factors can cause them to depeg below or above their targeted value. A depegging event is when the value of the stablecoin no longer matches the value of the underlying asset. This could result in a loss of some or all of your investment.

  • Counterparty risk: Counterparty risk arises when an asset is backed by collateral, involving a third party maintaining the collateral, which introduces risk if the party becomes insolvent or fails to maintain it.

  • Redemption risk: Redemption risk refers to the possibility that an asset's ability to be redeemed for underlying collateral may not be as anticipated during market fluctuations or operational issues.

  • Collateral risk: Collateral risk refers to the possibility of the collateral's value declining or becoming volatile, potentially impacting the asset's stability, particularly when it is another crypto-asset.

  • Exchange rate fluctuations or FX Risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the exchange rate between US Dollars and your local currency, e.g. USD:GBP for users in the UK.

  • Algorithmic risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.

 

Specific Risks Associates with Meme Tokens

'Meme coins' (e.g. DOGE, SHIB, PEPE) are crypto-assets whose value is driven primarily by community interest and online trends.

 

Meme Token List: WIF, LADYS, LEASH, SHIB, DOGE, FLOKI, BONK, JASMY, ORDI, RATS, AIDOGE, SILLY, PONKE, PEPE, PEPECOIN

 

Meme coins carry the following risks:

  • Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals.

  • Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading.

  • Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including 'pump-and-dump' schemes, where the price is artificially inflated followed by a sudden crash.

  • Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately.

  • Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses. Meme coins tend to lose popularity as new ones emerge, potentially leading to decreased investor interest.

  • The Pepe token is not affiliated with or endorsed by Matt Furie or the original Pepe the Frog IP. Any references to Pepe are for parody or commentary purposes only. Token holders assume all legal risks, including potential impacts from legal actions by the IP owner. Such actions could affect the token’s value, liquidity, or legality. Invest with caution and at your own risk.

 

Specific Risks Associated with DeFi Tokens

Decentralised Finance (or 'DeFi') tokens (e.g. AVAX, INJ, UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology. Gaming Tokens or GameFi tokens are a subset of DeFi and are Utility tokens tokens associated with blockchain based games.

 

Defi Token List: LTC, ICP, VANRY, AEVO, FLUX, TSUKA, GMEE, SAND, BROCK, CREO, BCH, ZRX, BAND, BNT, MANA, LINK, CRV, COMP, ENJ, GRT, FTM, AVAX, EOS, INJ, RUNE, BEAM, PYTH, FIL, GALA, SUPER, ABT, ETC, ATOM, LDO, PENDLE, UNI, IMX, XLM, ILV, ALT, RAY, AURORA, AERO, WEMIX, TRIAS, CELO, ENS, PYR, CAKE, APE, METIS, OLAS, BIGTIME, BICO, RON, SNX, XRD, AXS, DAI, AAVE, RBN, TRB, BLUR, ACA, MAGIC, KSM, LRC, CANTO, KAVA, UNFI, BAKE, AZERO, LQTY, GLM, DAR, OSMO, TRAC, MASK, 1INCH, GFAL, PERP, AUCTION

 

  • Smart Contract Vulnerability: DeFi relies on smart contracts, and coding errors or oversights can result in contract exploitation and significant losses.

  • Rug-Pulls and Exit Scams: Some DeFi and GameFi projects, often launched by anonymous teams, pose a risk of "rug pulls" where developers withdraw funds and abandon the project, causing panic-selling and price crashes.

  • Regulatory Uncertainty: DeFi and GameFi operates without intermediaries or traditional financial controls, making it susceptible to regulatory changes that can impact its use, value, or legality across multiple jurisdictions.

  • Data and Oracle Risks: DeFi protocols depend on external data sources or 'oracles,' and manipulation or inaccuracies in these sources can lead to unintended financial consequences.

  • Protocol Complexity: The complexity of certain DeFi protocols can make it difficult for average users to comprehend the mechanisms and associated risks.

  • Whale-Induced Volatility: Large account holders can flood the market, causing sudden price drops, adding another layer of volatility risk.

  • GameFi Token specific risks:

    • Investing in gaming tokens is closely tied to the success and adoption of specific games or virtual worlds . Factors such as gameplay changes, competition from other games, or the development team's decisions can impact the popularity and value of the tokens.

    • Gaming tokens tend to be highly volatile and influenced by factors such as market speculation, game updates, regulatory, changes or technological developments. Rapid price swings can result in substantial losses.

  • Lack of Intrinsic Value: Their worth is based on factors like perceived utility within a specific game or virtual world and market demand. If the popularity of a game declines or the token loses its utility, the value of the token may diminish.

Specific Risks Associates with Staked Tokens

Staking is a way of earning rewards while holding onto certain crypto assets. Staking tokens are locked into network or exchange, and while staked, the investor cannot move or trade those tokens. If the exchange suffers a meltdown or cyber-attack, the tokens will potentially go with it.

 

Staked Token List: MAV, ETH, SOL, DOT, RNDR, TIA, FET, ADA, SEI, NEAR, AR, MATIC, ARB, COTI, ZETA, CFX, DYM, TON, MINA, ZIL, ORN, API3, DYDX, OGN, RPL

 

  • Slashing Risk: Staking assets comes with the risk of potential loss if the network penalizes your validator.

  • Liquidity Constraint: Some protocols require staked assets to be locked for a specific period, preventing quick access or sale of assets.

  • Performance Variation: Yields or rewards from staking are determined by the relevant protocol and are not guaranteed, varying over time.

  • Protocol Risks: Changes or updates to the consensus mechanism may introduce bugs, vulnerabilities, or unforeseen consequences in the staking protocol.

  • Annual Percentage Yield (APY) not guaranteed: The yield or reward rate you get from staking your crypto assets is determined by the relevant protocol and is not guaranteed and may vary over time.

 

Specific Risks Associates with Utility Tokens

Utility tokens are built on blockchain networks, often utilizing smart contracts to automate and enforce their utility. They grant holders certain privileges, such as accessing a platform, voting on governance issues, or obtaining discounts on services. 

 

These tokens are built on blockchain networks, often utilizing smart contracts to automate and enforce their utility.

 

Utility Token List: TRX, GHST, KAS, BGB, KDA, LMWR, OMI, PRIME1, XRP, CHZ, BAT, SUI, CLORE, OP, APT, BNB, STRK, STX, ROSE, EGLD, ANKR, SUSHI, ARKM, QNT, CGPT, VELO1, ALU, GMT, CETUS, CRO, ONE, CTSI, MOBILE, WLD, TELOS, ONDO, XAI, GAL, MKR, CELR, AUDIO, RSS3, ALI

 

Different types of utility tokens include:

  • Exchange tokens are usually native to a cryptocurrency exchange and created by the company that runs the exchange, often framed as a "utility token" because it has use on the exchange such as customer incentives for staking the token, covering transaction costs, raising capital and liquidity, and in cases of exchanges that are governed by a DAO, serving as a governance token.

  • AI tokens: The value of AI tokens can fluctuate significantly, posing a potential volatility risk for investors and users. The regulatory framework surrounding both cryptocurrencies and AI is still developing. Uncertain regulations can create an environment of ambiguity, making it difficult for businesses to fully adopt AI tokens.

 

Risks include:

  • Market volatility: Newly launched cryptocurrencies often experience significant price fluctuations. The absence of exchange trading can amplify volatility, making it harder to predict and manage investment risks.

  • Lack of liquidity: Without exchange listings, it can be challenging to buy or sell the cryptocurrency, leading to limited liquidity and potential difficulties in exiting or realizing profits.

  • Lack of regulation: Unlisted cryptocurrencies may operate in a regulatory grey area, exposing investors to potential scams, frauds, or security vulnerabilities. The absence of regulatory oversight increases the risk of loss.

  • Uncertain project viability: Investing in a new cryptocurrency means taking a bet on the success and sustainability of the underlying project. Without a track record or market presence, it's challenging to assess the long-term viability and potential adoption of the cryptocurrency.

  • Limited information: Unlisted cryptocurrencies often have limited information available for analysis. This lack of transparency can make it difficult to evaluate the project's fundamentals, team credentials, or technological aspects accurately.

  • If the platform fails to gain traction or faces regulatory challenges, the utility token's value may plummet

The question of whether utility tokens make for a good investment depends on various factors, including the project's fundamentals, market conditions, and the investor's risk tolerance. Thorough research, due diligence, and an understanding of the specific use case for each utility token are essential before making any investment decisions.

 

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