Cryptocurrency offers new ways to participate in digital finance, but it also comes with risks you should understand before buying.
Common risks
Price volatility: The value of crypto can rise or fall quickly, sometimes within minutes.
Irreversible transactions: Once sent, crypto can’t be undone. Always double-check wallet addresses and amounts.
Fraud and scams: Fake websites, impersonators, and “too good to be true” offers are common in the space.
Loss of access: If you lose access to your wallet (for example, by misplacing recovery phrases in third-party wallets), your crypto may be unrecoverable.
Staying safe
Use well-established and trusted wallets, such as the ONCHAIN® embedded wallet or reputable third-party options.
Never share your private keys or recovery phrases—no one from ONCHAIN® will ever ask for them.
Be cautious of unsolicited messages or links, especially on Telegram or Discord.
Crypto can be a powerful tool, but it’s important to stay aware and take precautions.