Cryptocurrency Risks Disclaimer

Due to the potential for losses, the Financial Conduct Authority (FCA) considers cryptocurrency investments to be high risk.

What are the key risks?

  1. You could lose all the money you invest
    • The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
    • The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
  2. You should not expect to be protected if something goes wrong
    • The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.
    • The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here.
  3. You may not be able to sell your investment when you want to
    • There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
    • Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
  4. Cryptoasset investments can be complex
    • Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
    • You should do your own research before investing. If something sounds too good to be true, it probably is.
  5. Don’t put all your eggs in one basket
    • Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here. 

For further information about cryptoassets, visit the FCA’s website here.

Legal and Affiliate Disclaimer

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Also keep in mind that we are a community of crypto enthusiasts, not financial experts. We are interested in cryptocurrencies the same as you are. Our advice isn’t based on any academic knowledge and it’s our own uneducated opinion. Any decisions you make about whether or not to buy, invest, sell or promote Bitcoin are your own responsibility.

Your investments are your responsibility

We do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of our publications. You acknowledge that you use the information we provide at your own risk.

Information, not advice or recommendations

Our publications do not offer investment advice and nothing in them should be construed as investment advice.  Our publications provide information and education for investors who can make their investment decisions without advice.

The information contained in our publications is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securities.  Our publications are not, and should not be seen as, a recommendation to use any particular investment strategy.

Carry out your own independent research

You should carry out your own independent research before making any investment decision. Our publications do not take the specific needs, investment objectives and financial situation of any particular individual into consideration and any investments mentioned may not be suitable for you.  You should not base any investment decision solely on the basis of the information that we publish.

Carry out your own independent verification of facts and data

The information we publish has been obtained from or is based on sources that we believe to be accurate and complete.  Although reasonable care has been taken, we cannot guarantee the accuracy or completeness of any information we publish. Any opinions that we publish may be wrong and may change at any time.  You should always carry out your own independent verification of facts and data before making any investment decisions.

Seek professional advice if required

If you are unsure of any investment decision you should seek a professional financial advisor. BitCourier.co.uk is not a registered investment adviser and we do not provide investment advice or recommendations. We are not regulated by the Financial Conduct Authority.

Investment risks

The value of cryptocurrencies can fall as well as rise.  Yield payments can fall as well as rise. Any information relating the to past performance of an investment or investment service is not a guide to future performance. Cryptocurrency prices may go down as well as up and you may not get back the original amount invested. You should not buy cryptocurrency with money you cannot afford to lose.