1.Risk of Loss or Theft of Information Required for Withdrawal Requests by Users

If your device is hacked or otherwise compromised, there is a possibility that information required to make a withdrawal request could be lost or stolen by a third party. This could result in an unauthorized withdrawal request. BitLending implements measures such as whitelist management of withdrawal addresses to prevent unauthorized withdrawals. However, if an unauthorized withdrawal is executed, your funds could be lost.

2.Risk of Theft or Loss of Cryptocurrency

If the passwords or private keys for the wallets are exposed to a third party due to hacking, theft, or other reasons, or if they are lost, the cryptocurrency recorded in those wallets could be illicitly transferred or lost. Even in such cases, BitLending is still obliged to return customer funds. However, if the company becomes insolvent, it could be unable to fully compensate customers.

3.Risk of Hard Forks

If a hard fork or similar event generates new cryptocurrency or related rights, customers generally cannot claim such new rights from BitLending.

4.Risk of Market Price Fluctuations

Cryptocurrency under BitLending’s service cannot be sold directly even if its market price fluctuates. The minimum deposit period is one month, and withdrawals are executed within seven business days after a withdrawal request is made.

Note: The risks listed above are typical of cryptocurrency-related services and do not comprehensively cover all risks that may arise from using the service. BitLending takes maximum care in risk management, but please understand in advance that cryptocurrencies differ from fiat currency systems, various unforeseen events may occur, and as a result, you could incur losses.

For Japanese Residents:

Income generated from cryptocurrency transactions is generally classified as miscellaneous income. Not only transactions through our service but all cryptocurrency transactions conducted during the fiscal year (January 1 to December 31) must be calculated.

If your total annual side income exceeds ¥200,000, you are required to file a tax return.

BitLending provides a generic CSV file for customers who wish to calculate gains and losses manually. In addition, we have system integrations with service providers that can automatically calculate gains and losses, such as Gtax and Cryptact (paid plans available). You may use these options according to your preference.

For Residents Outside Japan:

Tax regulations vary by country. You are responsible for researching the applicable rules and ensuring proper tax reporting and payment in your jurisdiction.

Important: BitLending does not offer tax advice. This section is not intended as advice or a personalized recommendation. However, we aim to provide our users with clear and accessible information. Please consult a tax professional for advice specific to your tax situation.

Please refer the table below;

The minimum deposit period for BitLending is 30 days.

After the 30-day period has elapsed, the return request button will become available in your personal dashboard.

BitLending offers two withdrawal options: End-of-Month Return and Immediate Return.

End-of-Month Return

• Interest for the month in which the withdrawal request is made will be granted.
• The return is executed within seven business days, starting from the 1st day of the month following the month in which the request is received.
• Interest is calculated based on the balance at the end of the month.

Immediate Return

• Interest for the month in which the return request is made will not be granted. Choosing this option means you forfeit the interest for that month.
• The return is executed within seven business days, starting from the day after the request is received.