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What are the risks involved in trading digital currencies?
Like any kind of investment, trading and holding digital currencies involves certain risks.
Because cryptocurrency markets are decentralized and unregulated, digital currency exchange is an unregulated service that is not governed by any specific European regulatory framework (including MiFID). This means that there is no central bank that can issue more currencies or take corrective measures to protect the value of currencies in a crisis. The cryptocurrency market is still relatively new and uncertain. The price or value of coins can increase or decrease rapidly at any time and can even decrease to 0. The risk of losing in trading or holding a digital asset can be high and can lead to the loss of the entire value.
Regardless of the platform you trade in Romania or Europe, the exchange of digital currencies is an unregulated service that is not governed by any specific European regulatory framework.
Before trading cryptocurrencies make sure you understand all the risks. You should only use our service if:
- you have sufficient and relevant knowledge in trading on volatile stocks.
- trade only with money you can afford to lose.
- you have a high-risk tolerance.
Please do not accept money or buy cryptocurrencies on behalf of a third party. If you have been contacted or hired to participate in such a transaction, please contact us and we will explain the risks.
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