Terms & Conditions
1. Preliminary Provisions
These Terms and Conditions (“Terms”) constitute the rules and regulations within the meaning of Article 8 of the Act of 18 July 2002 on the Provision of Electronic Services (Polish Journal of Laws No. 144, item 1204, as amended) and govern the use of the Platform.
The online platform https://[.] (the “Platform”) is owned and operated by Carpathian Chain sp. z o.o., a limited liability company incorporated under the laws of Poland, with its registered office at ul. Piotrkowska 116/52, 90-006 Łódź, Poland, registered in the National Court Register (KRS) under number 0001141644, NIP: 7252350111, and REGON: 540310366 (the “Company”).
2. Definitions
For the purposes of these Terms, the following definitions shall apply:
"User" refers to any natural or legal person with full legal capacity who has accepted these Terms and entered into an agreement with the Company for the provision of any of its services.
"Services" refer to the services provided by the Company through the Platform.
"Terms and Conditions" (or "Terms") refer to this document and the principles governing the provision and use of electronic services on the Platform, including the terms of agreements, transaction authorizations, and applicable fees.
"Platform" refers to the website operated by the Company at https://[.].
"Virtual Currency" means any form of currency that exists digitally or virtually and employs cryptographic security mechanisms. Virtual currencies, including cryptocurrencies, operate without a central issuing authority and rely on decentralized ledger technologies for transaction validation and the issuance of new units.
3. Intellectual Property Rights
All trademarks, logos, and other distinctive designations displayed on the Platform are the exclusive property of All intellectual property rights related to the Platform, including but not limited to trademarks, trade names, logos, text, images, graphics, software, and other content, are the exclusive property of the Company or its business partners.
The User acknowledges that the use of the Platform does not grant them any rights, titles, or interests in any intellectual property displayed therein. Users are strictly prohibited from copying, reproducing, distributing, modifying, or otherwise using the intellectual property of the Company or its business partners without prior written consent. Any unauthorized use shall constitute an infringement of intellectual property rights and may result in legal action, including claims for damages.
4. User Acknowledgment and Restrictions
By accessing or using the Platform, the User expressly acknowledges and agrees to comply with all applicable laws and regulations, including those governing digital assets, anti-money laundering (AML), counter-terrorist financing (CTF), and data protection. The User is strictly prohibited from engaging in any unlawful, fraudulent, or unauthorized activities, including but not limited to the transmission of malicious software (malware), attempts to circumvent security protocols, unauthorized access to other accounts, or actions that may disrupt or impair the proper functioning of the Platform.
The User must not engage in any transactions that are intended to conceal the origin of funds, evade regulatory oversight, or facilitate illicit financial activities. Any violation of these obligations may result in the immediate suspension or termination of access to the Platform, as well as the reporting of such activities to the relevant regulatory and law enforcement authorities.
5. Access and Jurisdictional Restrictions
The Company operates the Platform within the jurisdiction of the Republic of Poland, which is part of the European Economic Area (EEA), and complies with applicable Polish and European Union laws governing the provision of electronic services and virtual currency transactions. Access to the Platform is granted at the sole discretion of the Company and may be restricted for Users from certain jurisdictions where the provision of such services is prohibited or subject to government sanctions.
The Company reserves the right to deny or revoke access to Users who are residing in, accessing the Platform from, or otherwise engaging with the Services in restricted jurisdictions. As of the effective date of these Terms, access is prohibited for Users from jurisdictions subject to economic sanctions or restrictions, including but not limited to Afghanistan, Belarus, Cuba, the Democratic Republic of Congo, Iran, Iraq, Libya, North Korea, Russia, Sudan, South Sudan, and Syria. The Company retains the right to update the list of prohibited jurisdictions at its discretion, in response to regulatory changes or risk assessments.
6. Risk Disclosure and Limitation of Liability
The User acknowledges and understands that transactions involving Virtual Currencies carry substantial financial risks, including but not limited to high market volatility, liquidity risks, cybersecurity threats, and the potential for complete loss of funds. The nature of digital assets and blockchain technology means that transactions are irreversible, and the Company is unable to recover funds once they have been transferred. The Company does not act as a custodian of Users’ assets, nor does it provide any investment, financial, or legal advice.
The User bears sole responsibility for assessing the risks associated with Virtual Currencies and should only engage in transactions if they have the necessary expertise and financial capacity to bear such risks. The Company shall not be liable for any losses, damages, or liabilities arising from the use of the Platform, except where such liability cannot be lawfully excluded under applicable regulations.
7. Compliance with Anti-Money Laundering and Enhanced Due Diligence Obligations
The Company is obligated to comply with AML and CTF regulations applicable in Poland and the European Union. In accordance with these requirements, the Company shall implement Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) measures to verify Users’ identities, assess transaction risks, and detect potential suspicious activities. Transactions exceeding regulatory thresholds, including but not limited to those exceeding €1,000, may require additional verification, such as proof of funds, proof of wealth, or further inquiries regarding the nature of the transaction.
The Company reserves the right to suspend or reject transactions if the User fails to provide satisfactory documentation or if there are reasonable grounds to suspect that the transaction involves illicit activities. The Company may also file Suspicious Activity Reports (SARs) with the relevant authorities, where required by law, without prior notice to the User.
8. Technical Requirements for Platform Access
To use the Platform, Users must ensure that they meet the minimum technical requirements, including access to a compatible device, a modern web browser with up-to-date security configurations, and a stable internet connection. The User is responsible for implementing appropriate cybersecurity measures, including but not limited to firewall protection, anti-malware software, and secure password management. The Company shall not be liable for any technical failures, security breaches, or disruptions resulting from the User’s failure to maintain adequate security measures on their own devices or network.
The Platform does not dispose of Users' funds and only undertakes activities aimed at providing the services described in these Terms and Conditions to the User.
It is forbidden for Users to provide any unlawful content, including carrying out any actions that would disrupt or harm the functioning of the Platform.
Technical requirements for using the services of the Platform:
a) connection to the Internet,
b) correctly configured browser,
c) up-to-date, active and correctly configured email account,
d) cookies and Java Script enabled, and
e) software for reading PDF files.
In the event that the User uses hardware or software which does not meet the technical requirements specified above, the Platform does not guarantee proper functioning and stipulates that this may have a negative impact on the quality and course of the ordered transaction.
9. Company’s Rights and Obligations
The Platform provides electronic services facilitating the mediation and execution of cryptocurrency transactions. These services include supporting the process of buying and selling cryptocurrency units within distributed ledger systems utilizing Virtual Currencies cryptography, as well as executing transactions directly between the User and the Company. The availability of Virtual Currencies for purchase may be expanded through updates to the Platform’s offerings. Such modifications shall not constitute, nor require, an amendment to these Terms and Conditions.
The Company does not offer, maintain, or provide services related to the creation or storage of electronic wallets for Virtual Currencies. The User is solely responsible for securing and managing their own cryptocurrency wallet in order to conduct transactions. The Company strongly advises Users to exercise heightened caution when storing Virtual Currencies due to inherent risks, including but not limited to theft (e.g., cyberattacks or hacking incidents) and loss resulting from technical failures or user negligence. The Company does not bear liability for any loss of Virtual Currencies attributable to circumstances beyond its control, including but not limited to system malfunctions, wallet security breaches, exchange platform errors, force majeure events, or the actions of third parties unaffiliated with the Company.
The Company assumes no responsibility for any financial, legal, or tax consequences arising from the acquisition, sale, or holding of Virtual Currencies by Users. Users are solely responsible for determining and fulfilling any tax obligations applicable to their cryptocurrency transactions in their respective jurisdictions. The Company does not provide investment, financial, legal, or tax advisory services. Any information made available on the Platform shall not be construed as financial or investment advice, nor does it constitute a recommendation to engage in Virtual Currency transactions. Users acknowledge that any decision to transact in Virtual Currencies is made at their sole discretion and risk.
All cryptocurrency transactions conducted on the Platform are executed directly between the Company and the User. The Company acts as the direct counterparty in each transaction, meaning that Users purchase Virtual Currencies directly from the Company in exchange for fiat currency, and the Company sells the specified Virtual Currency as part of the transaction. By initiating a transaction on the Platform, the User expressly acknowledges the inherent risks associated with Virtual Currencies, including but not limited to significant price fluctuations, market volatility, and the potential for complete loss of invested funds. Each transaction will be assigned an unequivocal transaction identifier, which will serve as a reference in the event of disputes, errors, or inquiries and will be made available to the User in the form of a transaction receipt.
The Company applies a transaction spread over the prevailing market rate for each cryptocurrency exchange, which serves as the Company’s commission for facilitating the transaction. This spread is calculated and disclosed to the User at the time of transaction confirmation on the Platform. The exchange rate quoted to the User comprises the prevailing market rate plus the Company’s spread. The final exchange rate applicable to the transaction is determined at the time the Company receives the User’s fiat payment. As market conditions fluctuate, the actual rate at which the transaction is executed may differ from the rate initially quoted at the time of transaction initiation. While the Company will endeavor to secure the most accurate and up-to-date exchange rate, it shall bear no liability for discrepancies between the quoted and final exchange rates resulting from transaction processing times, market movements, or external liquidity constraints.
The Company makes no guarantees regarding the profitability of Virtual Currency transactions, nor does it assure Users of any financial gain resulting from changes in cryptocurrency exchange rates. The User expressly acknowledges that trading or investing in Virtual Currencies carries significant risk, and the Company shall not be held liable for any direct or indirect financial losses incurred by the User as a result of engaging in cryptocurrency transactions on the Platform.
The Company reserves the right to restrict or withhold access to certain functionalities or services if a User attempts to exceed the prescribed transaction limits. Currently, the maximum allowable transaction limit within a 24-hour period is €1,000 per individual User, applicable to both purchase and sale transactions of Virtual Currencies.
In cases where the Company determines that additional verification is required concerning a received payment, a pending transaction, or any other activity deemed necessary for further scrutiny, the Company reserves the right to suspend the execution of a transaction or the release of Virtual Currencies or funds until such verification is satisfactorily completed. This may include, but is not limited to, requiring Users to provide additional documentation to verify the source of funds, transaction legitimacy, or compliance with applicable legal and regulatory requirements. The Company shall not be liable for any delays resulting from such verification procedures, and the User acknowledges that the finalization of their transaction is subject to the Company’s compliance and risk management protocols.
10. User’s Rights and Obligations
By using the services of the Platform, the User expressly represents and warrants that all information provided by them is accurate, truthful, and complete. The User further confirms that they are the sole and rightful beneficiary of any transaction performed through the Platform. The Company shall bear no liability for any losses, damages, or consequences arising from the provision of incorrect, incomplete, or misleading information by the User.
The Platform does not require Users to register an account to access its services. However, to execute transactions involving Virtual Currencies, the User must provide a valid email address and the address of their designated cryptocurrency wallet. Additionally, prior to engaging in any transaction, the User must read and accept these Terms and Conditions and explicitly consent to the processing of their personal data, as required for the proper execution of transactions.
Prohibited Credit Card Transactions and Fraud Prevention: Users are strictly prohibited from engaging in fraudulent or unauthorized activities when using credit cards on the Platform. The Company enforces rigorous anti-fraud, anti-money laundering (AML), and transaction monitoring policies to ensure compliance with applicable laws and financial regulations.
Fraudulent Transactions: The unauthorized use of credit card information, falsification of transaction details, or any deceptive practices intended to obtain Virtual Currencies through fraudulent means is strictly prohibited. Any attempt to commit fraud shall result in immediate termination of access to the Platform and may be reported to the relevant financial institutions and authorities.
Unauthorized Use: Users must only use credit cards that are legally owned by them or for which they have explicit and verifiable authorization. Any attempt to utilize stolen, misappropriated, or unauthorized credit card information shall be considered a serious violation of these Terms and may lead to permanent suspension from the Platform and potential legal consequences.
Money Laundering Prevention: The use of credit cards for money laundering, layering of funds, or any other illicit financial activities is expressly forbidden. The Company adheres to strict AML regulations, conducts ongoing transaction monitoring, and reserves the right to suspend, investigate, and report any suspicious activities to the Financial Intelligence Unit (FIU) and other competent authorities.
High-Risk Transactions: Users are prohibited from engaging in high-risk transactions that may compromise the integrity of the payment system. This includes, but is not limited to, purchasing Virtual Currencies using a credit card with insufficient funds, engaging in repeated high-risk transactions, or transactions likely to result in chargebacks or disputes. The User must ensure they have sufficient funds and that all transactions are conducted lawfully and in good faith.
Abuse of the Chargeback Process: Users are strictly prohibited from initiating fraudulent chargebacks or disputing transactions that were legitimately authorized and executed. Chargebacks should only be initiated in cases of genuine unauthorized transactions or fraudulent activity. Any attempt to misuse the chargeback mechanism to reverse valid transactions will be deemed an act of fraud, and the Company reserves the right to take legal action, impose penalties, or report such conduct to financial institutions and credit card networks.
Compliance with Card Network Rules: Users must adhere to the rules and regulations set forth by major credit card networks, including but not limited to Visa, Mastercard, and American Express. Any violation of these network rules, including engagement in prohibited activities or attempted circumvention of payment restrictions, may result in immediate account suspension or termination. The Company reserves the right to block, cancel, or refuse transactions that do not comply with applicable card network policies.
Explicitly Prohibited Credit Card Transactions
In addition to the above restrictions, Users are explicitly prohibited from utilizing credit cards on the Platform for the following purposes:
iGaming and Betting: The use of credit cards for online gambling, betting, or any iGaming-related activities is strictly prohibited. This includes, but is not limited to, placing wagers on sports betting platforms, casino games, poker sites, or any other form of online gambling.
Adult Content and Services: Users may not use credit cards to purchase or subscribe to adult entertainment services, adult content platforms, or any sexually explicit products or services.
Illegal Goods and Activities: Engaging in transactions involving illegal goods or services is strictly prohibited. This includes but is not limited to the sale, purchase, or facilitation of transactions related to drugs, weapons, counterfeit goods, stolen property, illicit substances, or any other illegal materials.
The Company reserves the right to immediately suspend, terminate, or refuse transactions involving any of the above-listed prohibited activities. Users found to be in violation of these provisions may be subject to permanent account restrictions, reporting to financial institutions and regulatory bodies, and potential legal action.
By utilizing the Platform, the User acknowledges and agrees to comply with all applicable laws, financial regulations, and these Terms and Conditions. The Company reserves the right to monitor transactions, conduct investigations, and take appropriate measures to prevent fraud, financial crime, and any unauthorized activities..
11. Services
The execution of transactions on the Platform begins with the User completing the steps outlined in Section III, Point 3 of these Terms and Conditions. Upon fulfilling these prerequisites, the User submits an instruction to buy or sell Virtual Currencies from the available offerings on the Platform using the designated transaction form. The User must then enter the required details, including the payment card information to be used for purchasing Virtual Currencies or receiving fiat currency upon the sale of Virtual Currencies. Before finalizing the transaction, the Platform presents the User with a summary of the transaction, detailing the amount of Virtual Currency, the applicable exchange rate, and any associated fees. As a final step, the User must provide the address of their cryptocurrency wallet to complete the transaction.
If the transaction is approved, it is executed by the Platform based on the parameters set forth in the transaction summary. Should the time indicated in the summary expire before the transaction is finalized, the system will automatically update the exchange rate to reflect the most recent market conditions. Once the transaction is completed, the acquired cash or Virtual Currencies are transferred by the Platform in accordance with the User's instructions-either to the designated payment card (for fiat transactions) or to the cryptocurrency wallet provided by the User.
Following the execution of a transaction, the Platform will issue a confirmation email to the User's registered email address. This email will include detailed transaction parameters, specifying the exact amount of Virtual Currency purchased or sold and the approved exchange rate at the time of execution.
Services Provided by the Company Through the Platform
The Company offers the following services through the Platform:
Price Quotation and Transaction Information: The Platform provides Users with up-to-date price parameters for buying or selling Virtual Currencies, allowing them to review and assess the terms before initiating a transaction.
Execution of Virtual Currency Transactions: The Platform enables Users to execute transactions for the purchase and sale of Virtual Currencies, facilitating secure and efficient exchanges between fiat currency and Virtual Currencies.
Suspension of Transactions Due to Compliance Risks
In the event of reasonable suspicion that a transaction may be in violation of applicable anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, the Company reserves the right to suspend the execution of the transaction until further investigation is conducted. The Company may require the User to provide additional documentation or clarifications before proceeding with the transaction. If, after review, the Company determines that the transaction poses an unacceptable compliance risk, it may be canceled or reported to the relevant regulatory authorities in accordance with applicable laws.
Cooperation with Third-Party Service Providers
Certain services offered on the Platform may be provided in collaboration with third-party service providers. The Company reserves the right to engage external payment processors, liquidity providers, and compliance partners to enhance the security, efficiency, and regulatory compliance of its services. The identity of such third-party service providers, where applicable, will be disclosed in accordance with legal and contractual obligations.
12. Buying Virtual Currencies
To initiate the purchase of Virtual Currencies, the User selects the desired Virtual Currency from the available options on the Platform and enters the amount of fiat currency they wish to exchange. The Platform facilitates a service through which the User purchases Virtual Currencies directly from the Company, which acts as the counterparty to the transaction. Upon receiving the User’s purchase request, the Company sources and secures the requested Virtual Currency at the quoted rate and completes the transaction by transferring the Virtual Currency to the User’s designated wallet.
By specifying the amount of fiat currency to be exchanged for Virtual Currencies, the User makes an invitation to treat. The Platform’s system automatically calculates the corresponding quantity of Virtual Currency based on the exchange rate available at the time of order submission. The exchange rate is derived from prevailing market conditions, reflects the best available offer that the Company can provide at that moment, and remains valid only for a limited period.
To confirm the transaction, the User must review and verify the details entered before selecting the "Confirm" button. Upon confirmation, the Platform’s system conducts an automated verification of the cryptocurrency wallet address provided by the User. The Company bears no liability for transactions that fail due to the User providing an incompatible or incorrect wallet address, including but not limited to cases where the specified wallet does not support the selected Virtual Currency or blockchain network.
Once the Platform approves the transaction, the system generates an order confirmation, which is also sent automatically to the User’s registered email address.
Fees and Exchange Rate Finalization
The purchase of Virtual Currencies through the Platform is subject to a transaction fee, which constitutes the Company’s commission for facilitating the exchange. This commission is clearly disclosed to the User at the time of order placement and is automatically deducted from the transaction amount.
Given the volatile nature of Virtual Currencies, the User acknowledges that the exchange rate displayed at the time of order initiation is provisional and subject to fluctuation. The final exchange rate applied to the transaction is determined at the moment the Company receives the User’s fiat payment. Consequently, the amount of Virtual Currency received by the User may vary if there is a delay between transaction initiation and payment confirmation.
The finalization of the purchase transaction occurs within one (1) working day from the submission of the order by the User. Upon successful completion, the acquired Virtual Currencies are transferred directly to the cryptocurrency wallet designated by the User. The User is solely responsible for ensuring that the provided wallet address is correct and compatible with the relevant blockchain network. The Company shall not be held liable for funds lost due to transactions sent to incorrect or incompatible wallet addresses.
Failure to Execute a Transaction and Refunds
In the event that the Platform is unable to complete a transaction due to an internal error or technical failure attributable to the Company, the Platform will refund the funds to the User within three (3) working days. The User will be notified of such a failure via email, which will include detailed information regarding the parameters of the failed transaction. Refunds will be processed using the same payment method originally used by the User, unless otherwise agreed.
13. Personal data protection
The rules for the processing of Users' personal data are described in the Privacy Policy posted on the Platform, in that the Company processes Users' data in order to ensure the proper provision of electronic services.
14. Complaint procedure
The User may submit a complaint regarding the operation of the Platform at any time. Complaints may be lodged electronically via email at [.] or in writing by sending a formal complaint to the Company's registered address at ul. Piotrkowska 116/52, Poland.
To facilitate the processing of complaints, the User must include the following details in their submission:
• The email address associated with the transaction conducted on the Platform.
• A detailed description of the circumstances justifying the complaint and the reasons for its submission.
• A clear statement of the User's demand, specifying the requested resolution of the issue.
The Company will process complaints within fourteen (14) days from the date of receipt, provided that the complaint meets the formal requirements outlined above. If additional information or clarification is required, the Company may request further details from the User, and the complaint resolution period may be extended accordingly. The User will be notified of the decision regarding their complaint via email to the address provided in the claim, or in writing if such a method of communication has been explicitly requested.
Consumer Dispute Resolution
In the event of a dispute between the Platform and the User concerning the validity of a rejected complaint, the User who qualifies as a Consumer under applicable consumer protection laws may seek out-of-court dispute resolution mechanisms for resolving complaints and claims. The User has the right to engage in mediation or proceedings before an amicable court by submitting the necessary forms, such as a mediation request or an application for case consideration before an amicable court, to the relevant institution handling alternative dispute resolution (ADR).
The User also has the option to resolve disputes electronically through the European Union's Online Dispute Resolution (ODR) platform, accessible at http://ec.europa.eu/consumers/odr. This platform provides a formal mechanism for consumer dispute resolution across the European Union.
Users are encouraged to familiarize themselves with available out-of-court consumer dispute resolution procedures in their respective countries. If required, the Company will engage in such a dispute resolution process in compliance with applicable consumer protection regulations.
15. Rescission
The User does not have the right to withdraw from an ordered exchange transaction. The prices of the exchanged values stated on the Platform depend on price movements on the Virtual Currency market, over which the Platform has no control, and these may occur before the end of the withdrawal period.
16. Final provisions
These Terms and Conditions shall govern the terms and conditions of the agreement concluded between the Company and the User on the intermediation of transactions of purchase or sale of Virtual Currencies in exchange for funds, as well as the terms and conditions of the agreement of sale of Virtual Currencies between the Company and the User.
The Company reserves the right to change the Terms and Conditions. The Platform shall notify registered Users of any change to the Terms and Conditions by email with the right to terminate the agreement within 14 days. Amendments to the Terms and Conditions shall become effective 14 days after notification. Transactions ordered before the date of entry into force of amendments to these Terms and Conditions shall be executed on the basis of the provisions in force on the date of ordering the transaction.
Amendments to the Terms and Conditions may be made in particular for the following reasons:
a) the need to adapt the provisions of the Terms and Conditions to the provisions of commonly applicable law,
b) issuance of a ruling by a common court of law or issuance of a decision by a state authority resulting in the necessity to amend the Terms and Conditions,
c) change of regulations within the scope of activity conducted by the Company,
d) change of the market situation in the field of activity of the Company,
e) improvement by the Company of the security, functionality or level of protection of personal data,
f) extension, improvement of the functionalities of the Platform or discontinuation of certain functionalities within the Platform.
Any changes to the provisions of the Terms and Conditions will also be announced by the Company in the form of a relevant announcement on the Platform.
The applicable law is Polish law. Any disputes arising between the User and the Company will be settled by the court having jurisdiction over the seat of the Site, with the reservation that, with regard to consumers, such disputes will be settled by the court having jurisdiction over consumer affairs.
Terms and Conditions shall be governed by and construed in accordance with the laws of Poland.
These Terms and Conditions do not limit any consumer rights to protection that you may be entitled to under mandatory provisions of law in your country of residence.
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Information for UK customers
Important Information Regarding Cryptoasset Investments
Cryptoasset investments carry significant risk and are largely unregulated in the UK. Therefore, you are generally not protected by organizations such as theUK Financial Conduct Authority (FCA) or the Financia Services Compensation Scheme (FSCS). Please read the following information carefully before making any investment decision.
Risk Warning
Capital at Risk: The value of cryptoassets is highly volatile, and you may lose all the money you invest. The price of cryptoassets can rise and fall significantly in a short period, and past performance is not indicative of future results.
No Regulatory Protection: Cryptoassets are largely not regulated by the FCA, and therefore you will not be protected by the Financial Ombudsman Service or the FSCS if things go wrong.
Market Volatility: The cryptoasset market operates globally and continuously, leading to high volatility. Changes in market conditions, global events, and regulatory developments can have immediate and unpredictable effects on cryptoasset values.
Suitability: Cryptoassets are generally suitable only for individuals who are experienced in high-risk investments and can afford to lose their investment in full. We strongly recommend that you carefully assess whether investing in cryptoassets aligns with your risk tolerance and financial objectives.
Hard to spend: you can’t spend cryptoassets like cash as few retailers accept cryptocurrency such as Bitcoin as payment. Therefore, you have to sell them on an exchange, with their associated security issues. If you’re storing your cryptoassets on a password-protected personal hard drive or memory stick and you lose or forget the password, you may well have lost access to your investment altogether.
Tax Implications: Gains or losses from cryptoasset investments may have tax implications. Please consult a tax advisor to understand your obligations.
Important Disclosures
No Guaranteed Returns: We do not guarantee any specific return or profit from cryptoasset investments. Claims of guaranteed returns are misleading and should be avoided.
Lack of Consumer Protections: Since cryptoassets are largely not regulated in the UK, you are not afforded the same protections as with traditional financial products. This includes no access to redress mechanisms in the event of fraud or mismanagement.
Risk of Scams and Fraud: The cryptoasset industry is susceptible to scams, phishing attacks, and other forms of fraud. Exercise caution when receiving unsolicited offers or advice related to cryptoassets.
Assessing Your Investment
Conduct Thorough Research: Ensure that you fully understand the specific cryptoasset and the associated risks before investing. Consider consulting a financial advisor if you are uncertain.
Risk Assessment: Only invest money that you are prepared to lose entirely. The potential rewards of cryptoassets come with high levels of risk that are not suitable for all investors.
Due Diligence: Make sure you conduct independent due diligence on the provider and the cryptoasset being offered. Verify any claims made about the cryptoasset’s performance, utility, or value.
Additional Resources and Support
Financial Conduct Authority (FCA): The FCA provides consumer warnings and resources about cryptoassetrisks. Visit the FCA website for more information.
Independent Financial Advice: Consider seeking advice from a qualified financial advisor who understands cryptoassets and can help you make an informed decision.
By proceeding with a cryptoasset purchase, you acknowledge that:
You fully understand the risks associated with cryptoasset investments.
You have the financial means to bear the loss of your entire investment.
You accept that cryptoasset investments are not covered by regulatory protections in the UK.