Risks, regulation and limitations of liability


The interested Customer must be fully aware of the free choice they are making and of the risks they may face when using the services offered by Quick Change SA.


1. Nature of the products and definition of Bitcoin

The products covered by the service consist of Bitcoin (hereinafter also referred to as the “Products”).

Bitcoin means a digital representation of value, decentralised, based on peer-to-peer technology and on a shared blockchain, the transfer of which is based on cryptography and whose issuance rules are based on an open-source algorithm.

In particular:

  • Digital representation of value: an amount not issued by a central or public authority, not necessarily linked to legal tender, which may be used as a means of exchange, transfer, storage or electronic trade.
  • Decentralisation: absence of a central issuer, administrator or control group, according to an open-source philosophy.
  • Peer-to-peer system: a network without hierarchical nodes, in which each node may operate both as a client and as a server.
  • Shared blockchain: a distributed and incremental transaction ledger, publicly accessible and based on decentralised consensus.
  • Cryptography and open-source algorithm: a public IT system containing a determined and finite number of instructions governing the functioning of the protocol.

The product has no intrinsic value or underlying value and is subject to high volatility, with unofficial prices recorded in the individual markets in which it is accepted.

Bitcoin does not have legal tender status and is not mandatorily accepted for the discharge of monetary obligations, but may be used to purchase goods or services only where the seller accepts it as a means of payment.


2. Main risks connected with the products

The Customer acknowledges that the use, purchase, sale or conversion of Bitcoin involves, by way of example and not limitation, the following risks:

  • Lack of information: difficulty in obtaining reliable information on operation, costs, value and risks.
  • Absence of legal and contractual protections: virtual currency transactions do not benefit from the same protections provided for legal tender currencies.
  • Absence of direct supervision: issuance and management are not subject to supervision by central banks or monetary authorities.
  • Absence of guarantees: there are no deposit guarantee schemes similar to banking ones.
  • Technological risks: permanent loss due to malfunctions or loss of private keys.
  • Voluntary acceptance: acceptance may cease at any time.
  • High volatility: even significant losses are possible.
  • Risks of unlawful use: possible intervention by the competent authorities.
  • Tax risks: uncertainties in tax treatment.

3. Regulation and territorial scope

Quick Change SA is a company incorporated under Swiss law and operates in compliance with the laws and regulations applicable in Switzerland.

Access to the services may be subject to legal or regulatory restrictions in certain jurisdictions.

The website and services are not intended for persons located in jurisdictions in which the publication or use thereof is prohibited by law.


4. Absence of offer, advice or solicitation

The information contained on the Quick Change SA website does not constitute an offer, solicitation or recommendation.

Quick Change SA does not provide personalised financial advice.


5. Limitation of liability

Fluctuations in exchange rates and in the value of Bitcoin may result in financial losses.

Under no circumstances may Quick Change SA be held liable for losses or damages, except in cases mandatorily provided for by law.

The Customer is invited to carefully assess the risks and, where appropriate, consult a professional adviser.


6. Anti-money laundering communications

If Quick Change SA has reasonable grounds to suspect that the assets are connected to offences under Swiss law, it will proceed in accordance with the Swiss Anti-Money Laundering Act (AMLA), without any liability arising from such compliance measures.


7. Applicable law and jurisdiction

These conditions are governed exclusively by Swiss law.

The place of performance and the exclusive place of jurisdiction for any dispute is Lugano, Switzerland.