Risk Disclosure Statement
Last updated June 16, 2021
Trading of goods and products, real or virtual, as well as virtual currencies involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment.
Cryptocurrency trading also has special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, the value of which is somewhat moderated by the government or other legal entities, or stands in raw materials, cryptocurrency value is based on the development of technology and trust in the market and its participants.Cryptocurrencies neither have a centralized issuer, nor an institution in control of their turnover. The value of cryptocurrency units is determined solely by the free-market mechanisms of supply and demand in exchange services, such as Alfacash.
Cryptocurrency trading is probably susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in cryptocurrencies because of unexpected changes imposed by the software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments can prevent any transactions from settling.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling, or trading cryptocurrencies.
We use our banking providers to receive client money and making payments. Our banking providers do not transfer cryptocurrencies or provide any crypto-related services.