The trading of goods and products, real or virtual, as well as virtual currencies involves significant risk. Prices can and do fluctuate on any given day. Such price fluctuations may increase or decrease the value of your assets at any given moment. Any currency - virtual or not - may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.
Cryptocurrency trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, Cryptocurrencies are unique type of "fiat" currency, backed by technology and trust. There is no central bank that can issue more currency or take corrective measures to protect the value of Cryptocurrencies in a crisis.
Instead, Cryptocurrencies are an as-yet autonomous and largely unregulated global system of currency firms and individuals. Traders put their trust in a digital, decentralised and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity.
The trading of Cryptocurrencies is often susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in Cryptocurrencies because of unexpected changes imposed by software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling.
You must be buying bitcoin for yourself. If you have been asked to purchase bitcoin for a friend/ex/online acquaintance (3rd Party) or through a social media/online investment or other payment/bank transfer/PayPal or employment opportunity, then you are being scammed. The scammer will route stolen funds through your accounts, leave you penniless and guilty of theft and fraud. Scammers may use hacked or cloned Facebook, Twitter, LinkedIn, Instagram, WhatsApp or email accounts of your friends to contact you to Purchase Bitcoin.
Never let anyone remotely control your Computer, Phone or Bank Accounts by using software such as TeamViewer which is often used to 'assist' the victims in buying cryptocurrency. They are using your identity, accounts and ip address to commit theft and fraud.
You are liable and criminal charges may be brought against you if you buy bitcoins at someone else's request and it turns out to be connected to crime.
Binary Option and Forex trading websites that only accept cryptocurrency as payment method and guarantee High Return on Investment are a SCAM. They will disappear without any trace. You could loose all your money, so make sure you do your own due diligence before sending or paying cryptocurrency to someone keeping in mind that transactions are irreversible .
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading Bitcoins, XRP, Ethereum, Litecoin and BitcoinCash.
We use our banking providers in order to receive client funds and make payments. Our banking providers DO NOT transfer, exchange, or provide any services in connection with Cryptocurrencies.