Before you invest in cryptoassets you should be aware of the following:
- cryptoassets are considered very high risk, speculative investments
- if you buy these types of cryptoassets, you are unlikely to have access to the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS) if something goes wrong
- if you invest in cryptoassets, you should be prepared to lose all your money
Before using cryptoassets to make payments, you should be aware that:
- the cryptoassets/service you are using may not be regulated
- you are unlikely to be protected if something goes wrong – for instance you are unlikely to have access to the FOS or the FSCS
Before you invest be fully aware of the risks and understand your rights. For more information see https://www.fca.org.uk/consumers/cryptoassets