Key points
Cryptoasset prices can change quickly. Technical failure, fraud, platform failure, loss of access credentials, market concentration and operational risk can all affect outcomes.
Marketing checks
UK consumers should be cautious about promotions that hide risks, offer incentives to join, refer friends, or rely on celebrities, social media urgency or small print.
Before using any provider
- Check whether the firm is authorised or registered for the relevant activity.
- Read all risk warnings, fees, custody terms and complaint procedures.
- Consider whether you understand the asset and can afford a total loss.
- Keep records of communications, payments and account details.