Virtual currencies, real risks. The only guarantee in crypto is risk.
- the value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely;
- virtual currencies are not covered by the guarantee funds that cover bank deposits;
- there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing;
- virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested;
- if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; 3
- virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them;
- for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin