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What are the key risks to cryptocurrencies?
What are the key risks to cryptocurrencies?
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Written by NOAH
Updated over a week ago

Cryptocurrencies (including your Digital Assets) come with some risks and we want you to be aware of them:

  • The Digital Assets you store in your NOAH Application are not protected by the Financial Services Compensation Scheme (FSCS).

  • NOAH’s services are not within the jurisdiction of the Financial Ombudsman Service (FOS).

  • Wallets and other software associated with cryptocurrencies can be hacked and can therefore be subject to loss or delay.

  • Values of cryptocurrencies are not stable and can rapidly change.

  • Transfers of cryptocurrencies are irreversible, and cannot be cancelled once they have been confirmed.

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