Risk Disclosure

01You can lose everything

Bid makes trading fast and social, and both of those make it easier to trade more than you meant to. A one-tap buy button is a convenience, not a signal that a trade is a good idea.

02Market risk

• Volatility. Prices in this market routinely move tens of percent in minutes, in either direction, for no reason you will be able to find afterwards.
• Liquidity. A token you can buy is not necessarily a token you can sell. Thin liquidity means your exit can move the price against you badly, or find no buyer at all at any sensible price.
• Price impact and slippage. The price you are quoted is an estimate at that moment. What you actually get depends on the state of the pool when your transaction lands, which is later. Your slippage tolerance is the worst fill you have agreed to accept — set it deliberately.
• MEV. Public transactions can be observed and traded around before they confirm, which can worsen your fill.

03Token risk

Anyone can create a token. Many are created specifically to take money from the people who buy them.

• Rug pulls — the creator removes liquidity or dumps a large holding and the price collapses.
• Honeypots — the contract lets you buy and prevents you selling.
• Hidden taxes and mint functions — the contract takes a cut of every trade, or the supply can be inflated at will.
• Concentration — a handful of wallets hold most of the supply and can end the market whenever they choose.
• Impersonation — a token with a familiar name and ticker is not the project you think it is. Contract addresses are the only identity that means anything.

Bid shows automated security checks on token cards — honeypot risk, buy and sell taxes, top-holder concentration, holder count. These come from third-party providers, are not guaranteed accurate, and cannot detect every scam. A card without a warning is not a card that has been cleared.

04Technology risk

• Protocol risk. Trades route through third-party contracts (Jupiter, 0x, Relay). Audited code is not proof of safety; audited protocols have been exploited.
• Bridge risk. Moving value between chains adds a further protocol whose failure could strand or lose funds. Cross-chain fills can take longer and settle worse than local ones.
• Network risk. Chains congest, reorganise and halt. A transaction can fail after you have paid gas, or confirm much later than expected and at a very different price.
• Service risk. Bid, Telegram, wallet infrastructure, data providers and RPC endpoints can all go down — sometimes at exactly the moment you most want to trade. Do not rely on being able to exit a position at a particular time.
• Software risk. Bid may contain bugs. Displayed figures may be wrong or stale. The chain is the authority on what you own.

05Self-custody risk

Self-custody means the responsibility is genuinely yours. There is no password reset for a blockchain.

• An exported private key is bearer property. Anyone who obtains it can take everything in that wallet, immediately and irreversibly.
• Whoever controls your Telegram controls your Bid account. Use a strong password and two-step verification.
• Transactions cannot be reversed. Not by us, not by anyone. A wrong address, a wrong chain or a wrong amount is generally permanent.
• Nobody insures this. There is no deposit protection scheme, no FDIC, no FSCS, no chargeback.

06Social-feature risk

The social layer is the point of Bid, and it is also where the sharpest behavioural risk lives.

• Following is not advice. A trader appearing on a leaderboard, in trending, or in your feed is a description of what they did — not a recommendation, not a prediction, and not vetting.
• Past performance means very little. Short windows reward luck and risk-taking. A trader at the top of a 24-hour board may simply have taken a large gamble that happened to work.
• A verification badge is identity only. It confirms an account is authentic. It says nothing about skill, honesty, or whether copying them is wise.
• Other people's incentives are not yours. Someone posting a thesis may profit from you buying what they already hold. Referral and clan earnings reward bringing in traders and volume.
• Competition distorts judgement. Leaderboards and the weekly pot are designed to be motivating. Do not let a ranking, a streak or a season deadline decide the size of your position.

07Regulatory and tax risk

The legal treatment of digital assets is unsettled and changes without much notice. Rules that permit what you are doing today may not tomorrow, and access to services — including Bid — may be restricted in your jurisdiction.

Trading may create tax obligations, potentially on every disposal, regardless of whether you have withdrawn anything. Keeping records and meeting those obligations is your responsibility. Bid does not provide tax, legal or investment advice.

08No advice, no guarantees

Nothing on Bid or this website is financial, investment, legal or tax advice, an offer, or a solicitation. No feature is a recommendation. We do not assess whether any trade is suitable for you, because we know nothing about your circumstances.

If you are unsure, get independent professional advice before trading. See also the Terms of Service and the Privacy Policy.