Virtual currencies, real risks. The only guarantee in crypto is risk.
Warning – the value of your virtual coins may go up and down sharply, and the amount you invested may be lost in full; – virtual coins are not covered by bank deposit guarantee schemes; – no legal mechanism is available in the market of the virtual coins to avoid market manipulation or insider trading abuse; – the virtual currencies are entirely dependent on a specific computer technology and infrastructure, which in certain cases may be very recently developed and not yet sufficiently tested; – in case of loss of the identification code or password that allows access to the virtual wallet in which the virtual coins are stored, those coins will be permanently lost; – virtual coins currently have limited acceptance as a means of payment, and in most countries there is no legal obligation to accept them; – for more information on the risks associated with an investment in virtual coins, we recommend that you read the Wikifin page What is a crypto coin | Wikifin.
Virtual currencies, real risks. The only guarantee in crypto is risk. See here for more detail.