What are the key risks in general with cryptoassets:
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets; and
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime of firm failure.
The Financial services Compensation Scheme ("FSCS") does not protect this type of investment because it's not a "specified investment" under the UK regulatory regime – in other words, this type of investment isn't recognised as the type of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here: Check if your investments are FSCS protected | FSCS
Protection from the Financial Ombudsman Service ("FOS") does not cover poor investment performance.
There is no guarantee that investments in cryptoassets can be easily sold at any time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time; and
Operational failings such as technology outages, cyber-attacks and commingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want to.
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment; and
You should do your own research before investing. If something sounds too good to be true, it probably is.
Additional Risk Warning Information
Please note that dealing in cryptoassets carries a high degree of risk, including the potential to lose the full value of all capital invested. You can only use Attestant's services, if you have been assessed by Attestant® as being sufficiently knowledgeable and experienced to understand and accept these risks. Please note that there are additional staking specific risks set out in Attestant’s client agreements.