U.S. Virtual Currency Risk Disclosure

Please make sure you carefully read and understand all the potential risks before engaging in virtual currencies activities with Transak.

Virtual currencies carry significant risks. The value of crypto assets can be highly volatile and may fluctuate substantially over short periods, potentially resulting in partial or total loss of the amount invested or held. Always keep these risks in mind when conducting activities involving crypto assets.

This page provides information on some of the risks associated with crypto assets and does not cover every conceivable risk of investing in them. You should carefully access your financial circumstances and risk tolerance before engaging in any activity involving crypto assets. Transak strongly encourages customers to conduct their own research before purchasing or selling a crypto asset.

By using crypto assets, you acknowledge and accept these risks.

Market Volatility:

The price of crypto-assets can fluctuate constantly. Their value can decline rapidly, resulting in significant reductions, including the possibility of that price or value of falling to zero.

Liquidity Risk:

Crypto markets are heavily driven by speculation and sentiment, so prices can move quickly. 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.

Fraud and Theft Risks:

Crypto assets can be lost or stolen through fraud or theft, just like any other assets. This includes losses from pyramid schemes, phishing scams, romance scams, “pig butchering” scams, and other forms of market abuse and fraudulent tactics. To protect yourself from fraud and theft, we strongly recommend avoiding unfamiliar activities and never sending funds to crypto wallets you do not recognize.

System Risk

System and technical failures in the platforms used for crypto assets can affect your ability to buy and sell them. In some cases, you may lose your crypto assets, and recovering them may be difficult or even impossible.

User Error:

Once a cryptoasset transaction has been executed to its respective network, or if the user sends their cryptoassets to an incorrect wallet or network, we are unable to reverse the transaction. Make sure you check all the details before placing the transaction.

Blockchain Network Congestion:

Transak will strive to process customers orders in a timely manner. There may be times where network congestion on the blockchain can potentially result in processing delays. Transak does not have any control over the network’s capacity or performance

Not insured:

Crypto assets are not insured by the FDIC, SIPC, or any other public or private insurer, including against cyber theft or theft by other means. Digital financial assets are not recognized as legal tender in the U.S.