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What are the risks involved in trading digital currencies?
Like any kind of investment, trading and holding digital currencies also 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 currency or take corrective measures to protect the value of the currencies in a crisis.
The cryptocurrency market is still relatively new and uncertain. The price or value of the currencies can rise or fall quickly at any time and even drop to 0. The risk of losing when trading or holding a digital asset can be high and can result in the loss of all value.
No matter which platform you trade on, whether in Romania or Europe, digital currency exchange is an unregulated service that is not governed by any specific European regulatory framework.
Before trading in cryptocurrencies, make sure you understand all the risks. You should use our service only if you:
- Have sufficient and relevant knowledge in trading on volatile markets;
- Trade only with money that you can afford to lose;
- 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.