What are the main risks associated with cryptocurrencies?

You should keep in mind that cryptocurrencies are a high-risk investment product. Here is a list of the most common risks:

• They can experience significant upward and downward variations and are very volatile.
• They are not covered by customer protection mechanisms, such as the Deposit Guarantee Fund or the Investor Guarantee Fund. They are not regulated.
• Distributed registry technologies are still at an early stage of maturity and are susceptible to cyber-attacks.
• They can be affected by forks or outages.

You should familiarize yourself with these risks before trading cryptocurrencies.