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To Truly Understand BTC Price, You Must Know Its Whirlwind Journey to Bigness

Famous as the first-ever cryptocurrency, Bitcoin has traversed an extensive path since its modest inception. This digital currency, free from centralized control, has garnered immense favor as an investment product and an alternative to traditional monetary systems. In the year 2008, cryptocurrencies came into existence when an enigmatic person or group, under the guise of […]

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Don’t forget to protect your funds when you exchange crypto online

As a trusted exchange platform, we at Bintense understand the importance of maintaining the highest level of security when it comes to your cryptocurrencies. The dangers of technology and software might seem very scary, especially if you have no experience with purchasing crypto, but there are some simple steps you can and should take in […]

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Cryptocurrency Basics To Know About Before You Start Buying Crypto

Cryptocurrency is a form of “virtual” currency that operates without the interference of centralized financial institutions. It can be utilized for making purchases or serving as an investment. Some widely-known cryptocurrencies are Bitcoin, Ethereum, and Tether. The term “cryptocurrency” stems from its inherent framework whereby this currency system employs cryptographic techniques to ensure secure buying […]

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Exchange Digital Coins Around the World: An Overview of Crypto Regulations Worldwide

As cryptocurrencies continue to amass significant recognition and adoption worldwide, there is an increased need for sturdy regulations around this asset class. Different countries have taken unique stances in this regard, with some advocating for widespread crypto integration while others are clamping down on crypto platforms. At Bintense, we utilize advanced technologies and well-recognized security […]

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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1. You could lose all the money you invest.

  • The performance of most crypto assets 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 crypto assets.
  • The cryptoasset market is largely unregulated. There is a risk of losing money or any crypto assets you purchase due to risks such as cyber-attacks, financial crime and firm failure.

2. You should not expect to be protected if something goes wrong. 

  • The Financial Services Compensation Scheme (FSCS) doesn’t 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 sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here: https://www.fscs.org.uk/check/investmentprotection-checker
  • The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here: https://www.financialombudsman.org.uk/consumers.

3. You may be unable to sell your investment when you want.

  • There is no guarantee that investments in crypto assets can be easily sold at any given time. The ability to sell a crypto asset 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 delays, and you may be unable to sell your crypto assets when you want.

4. Crypto asset investments can be complex.

  • Investments in crypto assets 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.

5. Don’t put all your eggs in one basket.

Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well.

A good rule of thumb is not to invest more than 10% of your money in high-risk investments: https://www.fca.org.uk/investsmart/5questions-ask-you-invest.

If you want to learn more about protecting yourself, visit the FCA’s website here: https://www.fca.org.uk/investsmart.

For further information about cryptoassets, visit the FCA’s website here: https://www.fca.org.uk/investsmart/crypto-basics.