BLOX has applied for a MiCAR license from the Netherlands Authority for the Financial Markets (AFM) and is working hard to obtain it. Until then, you are still investing outside the supervision of the AFM.

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Risk Disclaimer

Services by BLOX

BLOX offers you an environment designed to exchange crypto assets for cash. The crypto assets you purchase are held and managed on behalf of BLOX and for you by Stichting BLOX Custody. For these services, BLOX must hold a license under the Markets in Crypto Assets Regulation (MiCAR) from the Netherlands Authority for the Financial Markets (AFM). BLOX has applied for this license from the AFM and is currently in the process of obtaining it. Until then, you will be investing outside of AFM supervision.

If you use the yield service facilitated by BLOX, we will transfer crypto assets on your behalf to Coinmerce Earn. In the event of such a transfer of your crypto assets, BLOX performs the so-called crypto asset transfer service. BLOX has also applied for its MiCAR license for this crypto asset transfer service. The yield service facilitated by BLOX is not subject to AFM supervision.

However, trading cryptocurrencies carries significant risks. Therefore, only invest with funds you can afford to lose. Cryptocurrency prices can fluctuate significantly, and you could lose all or part of your investment. Prices change at any time of the day. And it sounds cliché, but past performance is no guarantee of future results.

Risks of Trading in Crypto Assets

BLOX aims to inform you as clearly and honestly as possible about the significant risks associated with trading in crypto assets. On specific pages per crypto asset, additional risks may be described where applicable. This information is based on general, objective sources, such as (approved) whitepapers of the respective crypto assets.

In addition, BLOX provides a general risk disclaimer that outlines the key risks for you. The most important risks BLOX has identified are:

Price Risk
The value of crypto assets can fluctuate heavily. Factors like market dynamics, regulation, economic events, and technological developments can influence the value. These factors make it difficult to predict the value of your investments.

Moreover, crypto assets are not covered by deposit guarantee schemes. Please note that investing in crypto involves risks; you may lose your investment.

Technology Risk
Crypto assets fully depend on specific computer technology and infrastructure, which in some cases may be very new and insufficiently tested.

Fraud Risk
Crypto assets are sometimes misused for fraudulent actions or illegal activities, such as scams, money laundering, or hacking. Be cautious with offers that seem too good to be true and always check the reliability of the parties you deal with.

Use of the Website

We’ve built this website and the BLOX app with love and care, and we always aim to share correct and up-to-date information. However, no rights can be derived from the information on the website or in the app. Using the information on this website or app is always at your own risk. Do you have any questions about the content? Feel free to contact us. We’re happy to take a look with you.

Our articles are written with passion. That’s why we retain the copyright on this website. Want to reuse or share information from our articles? Please mention BLOX as the source and ask us for written permission.

Liability

BLOX accepts no liability for damage resulting from:

  • The use of our website or app.
  • The temporary inability to access our website or app.
  • The content of external websites that are referenced or that refer to our website or app.

While BLOX strives to provide accurate and current information, we cannot guarantee all data is error-free, complete, or up-to-date. BLOX accepts no liability for any losses or damage arising from the above or other risks, your use of this website, our services, or your reliance on the information provided.

Protection of Your Data

BLOX processes (collects, uses, stores, shares, and deletes) personal data. We comply with the General Data Protection Regulation (GDPR). We only process personal data for the purposes for which they were intended or for compatible purposes.