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. 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 and firm failure. Learn more by using the FSCS investment protection checker here.
Learn more about FOS protection here. There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want. Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
Remember, not all crypto-assets are alike. Before investing, you should ensure you understand the specific risks involved. Below we have listed some of the main categories of crypto-assets available on Bittrex Global. You should use the following categories as guides to help you differentiate among the more common cryptocurrencies; for each category we have included a link to further information that you might find useful as a starting point for your research.
Utility Tokens These grant access to specific features or services within a blockchain ecosystem. More info Β». Stablecoins These are cryptocurrencies designed to maintain a stable value by pegging them to a reserve of assets, such as fiat currency or commodities. Altcoins These are cryptocurrencies other than Bitcoin.
