Important warnings for trading crypto assets

  • The value of your virtual currencies can fluctuate strongly, and you may lose the full amount of the investment.
  • Virtual coins are not covered by deposit guarantee schemes.
  • On the market for virtual currencies, there are no legal mechanisms to prevent market manipulation or insider trading.
  • Virtual currencies are entirely dependent on a specific IT technology and infrastructure, which in some cases may only be very recently developed and insufficiently tested.
  • Loss of the identification codes or password granting access to a virtual wallet where virtual currencies are stored will cause the virtual currencies stored therein to be permanently lost.
  • Virtual currencies are currently accepted as a means of payment only to a limited extent, and in most countries there is no legal obligation to accept virtual currencies as means of payment.
  • For more information on the risks associated with an investment in virtual currencies, please consult the Wikifin page “What is a cryptocurrency? | Wikifin”.