risk disclosure

Velorin's risk disclosure warns that crypto assets are high-risk and you could lose all the money you put in [1]. Prices can fall fast and far, sometimes by more than 10% in a day [3]. Crypto balances are not bank deposits and carry no deposit guarantee or investor compensation [4]. Stablecoins can lose their peg, and transfers sent to the wrong address or network usually cannot be reversed [5][6]. Each card payment funded by crypto is a sale that may create a tax liability [7], and service interruptions or changing laws may restrict your access [2][8].

Sources

• [1][3][4][5][6][7][2][8] Risk disclosure

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Risk disclosure — 1. Prices can fall fast and far
• Risk disclosure — 2. This is not a bank deposit
• Risk disclosure — 3. Stablecoins can lose their peg

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