Risk Disclosure

Prediction markets and crypto assets carry real risk. Please read this page carefully before you deposit or trade. It does not list every risk, and it is not advice. If you are unsure whether Bluckcoin is right for you, get independent advice.

You can lose all the money you put in

Every market settles in one of two ways for each contract: it pays 1.00 USDT if its outcome wins, or 0.00 USDT if it does not. If the outcome you bought does not happen, you lose the whole amount you paid for that position, plus any fees.

Prices are opinions, not guarantees

A contract's price (between 0 and 1 USDT) reflects what other users collectively believe and are willing to pay. It is not a guaranteed probability. Crowds can be wrong, prices can move quickly, and an outcome priced at 0.95 can still lose.

Cashing out may cost more than you expect

You may be able to cash out before a market's cut-off, but only at the price then available. That price can be well below what you paid, especially when few people are trading, and fees may apply. After the cut-off you cannot cash out and must wait for the result.

Resolution and cancellation

Markets are resolved by our team from public sources. Sources can be delayed, unclear or disputed, which can delay resolution. A market may be cancelled, in which case you get back what you paid but no profit.

Crypto risks

• Stablecoin risk. USDT is designed to track the US dollar, but it can lose its peg, be frozen by its issuer, or be affected by problems at the issuer. Balances on Bluckcoin are in USDT and carry that risk.
• Network choice. We accept USDT only on TRC20 and ERC20. Sending on the wrong network, sending a different token, or sending to the wrong address usually means the funds are lost for good.
• Irreversible transfers. Blockchain transfers cannot be undone. Always double-check addresses.
• Network fees and congestion. Blockchain networks can be slow or expensive at busy times.

Manual processing and delays

Deposits, withdrawals and identity checks are reviewed by people. They are usually handled within 24 hours, but they can take longer, for example at busy times, when a second reviewer is needed, or when we need more information. You may not be able to trade or withdraw during that time.

Regulatory risk

The law on prediction markets and crypto assets differs between countries and is changing. We may have to restrict or withdraw the service in some regions, sometimes at short notice. You are responsible for making sure using Bluckcoin is legal where you are, and for any tax you owe.

Piggy savings

The Piggy rate is variable, set by us, and can change or be reduced to zero. It is not guaranteed. Piggy is not a bank deposit, is not insured, and is not covered by any deposit-protection or compensation scheme.

BCOIN

BCOIN are promotional points with no cash value. They cannot be withdrawn or sold, and the programme can be changed or ended.

Our commitment and yours

Your balance is not a bank deposit and is not protected by any government scheme. Only trade with money you can afford to lose, never borrow to trade, and take a break if trading stops being fun. If you need help, contact bluckcoin@gmail.com.