Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
FCA Registered Cryptoasset firm
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What Risks Should You Be Aware Of?
1. Risk of Losing Your Investment:
Cryptocurrency values can be highly volatile, potentially resulting in losses.
It’s important to be prepared for the possibility of losing your entire investment in cryptoassets.
Please note that the cryptoasset market operates with limited regulation, exposing you to risks such as cyber-attacks, financial misconduct, and business failures.
2. Limited Protection in Case of Issues:
This type of investment is not covered by the Financial Services Compensation Scheme (FSCS) due to its classification outside the scope of ‘specified investments’ under UK regulatory guidelines.
Consequently, FSCS protection does not extend to this category of investment. You can verify this with the FSCS investment protection checker.
Complaints related to this firm cannot be addressed by the Financial Ombudsman Service (FOS).
3. Potential Difficulty in Selling Your Investment:
There are no guarantees of being able to sell your cryptoassets at your preferred time.
The ability to sell a cryptoasset is contingent on various factors, including market supply and demand.
Technical issues like outages and cyber-attacks, as well as commingling of funds, can result in undesired delays in selling your cryptoassets.
4. Complexity of Cryptoasset Investments:
Cryptoasset investments can be intricate, making it challenging to fully comprehend associated risks.
Conduct thorough research before investing and exercise caution when an opportunity appears too good to be true.
5. Diverse Risks Among Cryptoassets:
While there are general risks associated with cryptoasset investments, including short history, volatility, liquidity, demand, forking, code vulnerabilities, cryptography, regulatory considerations, concentration, electronic trading, and cybersecurity, specific cryptoassets may carry unique risks based on their nature.
Explore detailed information and risk assessments for each listed token here.
6. Diversify Your Investments:
Avoid concentrating all your resources in a single investment, as it can be inherently risky.
Spreading your investments across different options reduces your dependence on the performance of any one asset.
A recommended guideline is to limit high-risk investments to no more than 10% of your total capital.
5 questions to ask before you invest HERE
For further insights on self-protection, explore the FCA’s website:
https://www.fca.org.uk/investsmart
And specifically about cryptoassets:
Disclaimer: buying Bitcoin or any cryptocurrency involves risk and can result in losses of the invested capital. You should not invest more than you can afford to lose. Past performance is not indicative of future results. The average price might go down. Please ensure that you understand the risks involved. Investments in bitcoin or cryptoassets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme. Fees apply to transactions on BCP Matkets and tax (including Capital Gains Tax) may be payable on any profits. BCP Markets do not make any recommendations in any transaction.
These materials are provided for informational purposes only and should not be considered as investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to pursue any specific trading strategy. BCP Markets expressly states that it does not engage in activities to influence the price of any particular cryptoasset it offers. It is important to note that certain crypto products and markets operate without regulation, and there is no protection under government compensation or regulatory schemes. The volatile nature of the crypto-asset markets carries the risk of financial loss. Tax obligations may arise from returns or increases in the value of your cryptoassets, and it is advisable to seek independent advice regarding your tax position.
If you have been asked to send bitcoin or cryptos to receive more money in return please be aware this is a scam.